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MetaQuotes Software Corp. Starts the Automated Trading Championship


The developer of online trading platforms for financial markets, MetaQuotes Software Corp. co-sponsoring with Spacevision Switzerland SA, FXDirectDealer LLC. and Interbank FX LLC. commences the brand-new Automated Trading Championship 2006.

 

Unlike various traders' contests, this Championship does not propose competition amongst traders, only their Expert Advisors The prize reserves make US$ 80,000. The Championship will start on the 1st October 2006 for almost three months (until the 25th December 2006). Registration of participants started on the 1st of August 2006. Over 400 developers worldwide have already registered as the Championship's participants.

 

A special Championship website (http://championship.mql4.com ) has already been released. On this website, interviews with some participants are published. Starting from the 1st October 2006, the website will display current results of the Championship and reports of its progress, too. All this information is available to the public.

 

The lead developer of MetaTrader 4 Client Terminal and MetaQuotes Language 4 (MQL4) Stanislav Starikov declared: ?At present, the unprecedented upturn, even boom of automated trading can be observed. According to average information, about 15 to 20% of all trade operations performed with our platform is made using mechanical trading systems (Expert Advisors). Taking into consideration the advantages of this new technology, we are sure that the amount of traders who use algorithmic trading in their activities will still grow?.

 

?Under conditions of so high popularity of automated trading, tournaments and contests are just a matter of time. Only lazy people or those who are not technically capable to offer automated trading to their clients will not do it. But we are technically capable! Moreover, unlike the most others, we are not planning to start a tournament or a contest. We will start the first Annual Automated Trading Championship!?

 

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