On the website of the Automated Trading Championship 2007, the article Statistical Report #1 has been published. A month has passed since the contest started. Now we have a rich source of materials to be analyzed. The results of multiaspect analysis of all Participants' equities are given in the first part of the report. The full text of the article was published on the website of Automated Trading Championship 2007 in the News section.
On the website of the Automated Trading Championship 2007, an Interview with Tai Elliott (MiltonWaddams) has been published. Tai is the leader of the Championship. He places his bets on low-volatility securities and long-term strategies. "At present, I'm interested more in something which has proven results over a long period without any intervention, rather than an EA which requires frequent optimization." The interview was published on the website of Automated Trading Championship 2007 in the News section.
On the website of the Automated Trading Championship 2007, the article Jury Session Record of the 12th of November 2007 has been published. At the session, the Jury discussed disqualification of several Participants. Eight more Participants dropped out of the competition. The full text of the article was published on the website of Automated Trading Championship 2007 in the News section.
On the website of the Automated Trading Championship 2007, the article Reporting the 6th Week of the Championship has been published. The sixth week of the Championship ended. Exactly half of the contest is behind us. This week brought us some surprises. Places in Top 10 continuously change their holders, but total equity of the best Expert Advisors grows. The full text of the article was published on the website of Automated Trading Championship 2007 in the News section.
On the website of the Automated Trading Championship 2007, the article Statistical Report #2 has been published. We go on collecting and analyzing statistical data obtained in the course of the Automated Trading Championship 2007. The results of the second statistical report clearly indicate the changes in views of Expert Advisors' writers after the Automated Trading Championship 2006. The full text of the article was published on the website of Automated Trading Championship 2007 in the News section.
On the website of the Automated Trading Championship 2007, an Interview with Alexei Ermolaev (Zyx40) has been published. Alexei Ermolaev (Zyx40) is a newbie in automated trading. He does not have much experence in it. He works with statistical approaches to analysis, so he decided to apply these methods in developing his own EA. "I began trading with ready-made indicator-based Expert Advisors, but I learned very soon that they did not have prospects. The matter is that an indicator sees events in the market very limitedly. It does not work at the points where it diverges from the market... I think that success depends on the combination: indicator + statistics." The interview was published on the website of Automated Trading Championship 2007 in the News section.
On the website of the Automated Trading Championship 2007, the Report of the 7th Week of the Championship has been published. These 5 trade days ended with several surprises. The first place has been taken by a Participant from Ukraine winning "by a head". The leader of the preceding week has given his place to others and gone somewhere beyond the first page. The full text of the article was published on the website of Automated Trading Championship 2007 in the News section.
On the website of the Automated Trading Championship 2007, an Interview with Olexandr Topchylo (Better) has been published. He performed unsuccessfully in the last-year Championship, and this failure was the making of him. Olexandr learned the lesson and became the leader of Championship 2007 with a huge equity! "The last-year system can be called scalping. However, I have revised my position towards this trading technique since that Championship. My present system is based on absolutely different principles... the results of scalping EAs may be as different as day and night in Tester, on a demo account or in real trading, as well as they are different for different brokers. So such strategies are unfit for a long-term and stable trading forex." The interview was published on the website of Automated Trading Championship 2007 in the News section.
On the website of the Automated Trading Championship 2007, the Analytical Report by Better has been published. Nick 'Better' is used on the Championship by Olexandr Topchylo. As of now, he is the unquestionable leader who has got far ahead of all his competitors. Olexandr is Cand. Sc. (Physics and Mathematics), and this helps him develop a successful Expert Advisor. Besides, he put his knowledge to analysis of Expert Advisors and obtained very interesting results: 1. Even in "nearly ideal" conditions, Expert Advisors would averagely have losses of about -0.55 pips per trade. If we even consider some slippage at opening/closing "by market", the EAs turn out not to trade better than they would if entering/leaving were generated randomly. 2. Despite of the fact that Expert Advisors, unlike human traders, are not prone to emotions, the developers include their own mental attitudes in their programs. This results in a clear tendency to fix small profits and allow losses to grow. The full text of the article was published on the website of Automated Trading Championship 2007 in the News section.
On the website of the Automated Trading Championship 2007, the Report of the 8th Week of the Championship has been published. Two thirds of the Championship have passed. Familiar Participants are on the first places, but surprises run on. The Championship leader's equity has grown by 46 thousand by the end of the last week. No more risky Expert Advisors are in the Top Ten now. All three future Winners of the Championship are most likely in this table of leaders already. The full text of the article was published on the website of Automated Trading Championship 2007 in the News section.