Automated trading has taken the forex community in the recent years. Every month, you will find a new fx robot released to the market with tall claims about its capability. There is no way, you as a trader can tell whether the forex robot is a real deal or just another junk hitting the market.
All this is about to change with the world's first Forex Robot World Cup. This Forex Robot World Cup has been created with the intention of finding the best non commercial fx robot in the world. First what does this word non commercial means here. It means any forex robot that is not being marketed or sold anywhere is eligible for taking part in this competition.
The first prize is $100,000. The second prize is $30,000 and the third prize is $20,000. So you can see yourself this competition is real serious. 329 robots or what you call expert advisors were registered for the competition out of which only 24 eventually qualified. Live trading started on 1st December. You can follow the results on the official website.
You must be thinking that what this has to do with you. You see automated trading is now a well established method of trading. Many traders have automated their mechanical trading systems. Advancements in the programming languages allow you to automate your mechanical trading system. With automation comes ease of trading. You don't have to sit in front of your computer and stare at it for hours for a trading signal to be generated. An automated trading system can trade without human intervention. What you need is a tested automated trading system that can be relied upon. This forex robot competition will go a long way in setting a standard of how to test the performance of automated trading systems in the long run!
Mr. Ahmad Hassam has done Masters from Harvard University. Discover Forex Income Engine and watch these 4 FREE Forex Trading Videos that show how to risk shield your forex trades and triple your profits safely. Try this 1500 pips a day cash printing Forex Signal Service from heaven!
Article Source: http://EzineArticles.com/?expert=Ahmad_A_Hassam
Tuesday, December 15, 2009
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