Automated Trading Championship from MetaQuotes Software

MetaQuotes Software Corp. conjointly with ODL Securities, Alpari, FXDD and Traders' Magazine is starting its second annual Automated Trading Championship for Fore trading. In this contest traders compete not only in their trading skill, but in their programming skills. All orders and positions management is done by the competitors' fully automated expert advisors for Metatrader 4 platform. This brings some new and original excitement compared to traditional trading contests, because once an expert advisor was submitted and championship started, trader/programmer can't influence the trading process at all.
This is not the first time MetaQuotes Software organizes such championship. Last year was debut for the Automated Trading Championshiop 2006 which dragged attention of 258 developers from all over the world.
This time almost 750 participants already registered themselves on the Championship website while it is still 44 days left for the registration period (which ends on 21st of September). The contest will start on the 1st of October and will last almost three months till the 21st of December.
The prizes for the winners of Automated Trading Championship 2007 (three traders with the highest balance available at the end of the contest) are quite high and are likely to serve for the potential competitors as a great motivation to develop and improve their automated expert advisors and trading strategies in general. 1st Prize is $40,000, 2nd - $25,000 and 3rd - $15,000 - so it is $80,000 in total - quite impressing, isn't it?
I would like to wish all those who will participate in this contest a good luck and a profitable trading. By the way, MetaQuotes Software held an on-line interview with me on the topic of automated trading and Forex trading in general. It is now published at their website and you can find it here.

Automated Trading Systems Article

A new trading article was added to my site today - Automated Trading Systems for Financial Markets and Recommendations for Their Usage by Nikita Laukhin. It describes existing financial trading platforms software which allows automated trading. Existing software and scripts are analysed from different points of view - creating (programming) and using. The main features of every system are discussed to help the traders that want to automatize their trading process to chose the right platform to go with.

Metatrader Expert Advisros - User's Tutorial

Using Metatrader expert advisors is simple, but sometimes people get confused with it and after downloading a file with the expert advisor a user might get stuck with it without knowing what to do next. This a simple tutorial on how to attach an expert advisor to Metatrader 4 char and activate it.

1. Download your MT4 expert advisor or copy it and save it to your Metatrader's 'experts' folder:


2. Double click it with your mouse and it will be opened in MQL editor (this editor comes with MT4). There will be a button 'Compile' at the center top of the window. Click it and your expert advisor will be compiled and ready to use. There might be some errors or warnings during the compilation, but in most cases there shouldn't be any. You can try and fix those errors, but it takes time and some programming skills, usually.


3. Now, all you need to do is add your expert advisor to the preferred chart and activate it. You can also change some input parameters for the advisor in the Inputs tab:

That's it! Now you can enjoy your expert advisor - its signals or its trading (if it is designed to perform trading). Good luck with them!

NorthFinance Warns Traders

NorthFinance warns its clients that after July 1st it will stop supporting Metatrader 4 platform versions older than build 200. So, it is about a time to update your Forex trading software if you are trading with NorthFinance. Update can be automatically started on the program startup. Updating your Metatrader 4 platform not only will keep you up to date with NorthFinance, but also will remove some bugs (that are fixed in newer versions) and enhance your experience with expert avisors (that need to be recompiled with almost every build in pre-200 versions).

Additon to MT4 Expert Advisors

I've added a new expert advisor to MT4 Expert Advisors section of the site - myfxovereasy Expert Advisor + FXOverEasy Indicators. It's my own EA based on FXOverEasy indicators, or more exactly - on their combo by Shimodax from StrategyBuilder forum. Actually this Forex expert advisor trades against FXOverEasy strategy, but it showed very good results on EUR/USD M15 chart. But be careful, it is quite risky, don't trade the money you cannot afford to lose. Don't forget to leave your comment if you use this indicator ;-)

Expert Advisors :.

New expert advisors are now available at www.earnforex.com. Use them wisely :)

Firebird v.63g - a complex automated trading system based on 10 days period simple moving average.
Framework - a simple EA based on CCI indicator.
Fractal ZigZag - this expert advisors uses zigzag indicator with fractals.