MetaQuotes Launches Automated Trading Championship 2011
Russian Federation (IBwire.com – May 26, 2011) MetaQuotes Software Corp., a world leader in the retails Forex software market, today launched the Automated Trading Championship 2011, an annual competition of trading robots under which, anyone can register as a participant and compete for the prize money of $80,000.
Registration for participation is open from June 1 to September 23, 2011, and is free of charge. The Championship will start on the 3rd of October and will end on the 23rd of December.
Sponsored by MIG Bank, Go Markets Pty Ltd, Vantage FX and Forex-TSD, the Automated Trading Championship 2011 is developed in the MQL5 language for programming trading strategies. The main goal of the Championship is to popularize automated trading. The competition allows solving another important task – accumulation of unique information about the most significant achievements in the field of trading robots creation, because the Automated Trading Championship provides an unprecedented opportunity for the best professionals to test their theories in practice.
From year to year, struggling for the prize of $80,000, hundreds of users from all over the world submit their MQL-developments for the Championship. However, this year’s Championship will be special. This will be the world’s first competition of trading robots able to trade not only on the Forex, but also in the stock market. Moreover, the extended functionality of the MetaTrader 5 client terminal and the release of the MQL5 Wizard will entail a significant increase of the number of Participants.
“Over 300 Expert Advisors participated in the previous Championship”, Stanislav Starikov, the Championship Jury member, said.
“This year the number will increase substantially – we expect to receive several thousands of applications for participation. The reason for this surge lies in the recently released MQL5 Wizard, using which any trader without programming skills can easily create a trading robot. Though, this would not guarantee a victory in the Championship, of course,” Starikov said.
Finally we’ve got an opportunity to try the new trade terminal – MetaTrader 5. No doubt, it is noteworthy and has many new features as compared to its predecessor. The important advantages of this platform among others are:
The new Metatrader 5 platform and the MQL5 language are nearing the end of development and will be probably launched in fall 2009. MT5 will replace MT4 and the new code is completely written from scratch. The bad point is that MT5 will be not compatible with MT4. This means that every indicator and expert advisor needs to be rewritten to work with the Metatrader 5 platform.
