Thursday, January 3, 2008

New Automated Trading System Available - Second place in Automated Trading Championship.

Bogie-ATC2007-1This Expert Advisor finished in 2nd place in the MetaQuotes Software Corporation - 2007 Automated Trading Championship (wackena). It turned a hypothetical $10,000 into $55,000 in just under 3 months! This is the premier international championship contest for developers of MT4 automated Foreign Currency Exchange (FOREX) trading systems. This expert advisor (EA) is designed for MetaTrader 4, and will run on any broker that supports this platform.


StrategyThis Expert Advisor, as coded for the Automated Trading Championship 2007, uses a daily trend indicator code to determine, at a pre-selected time, whether price direction is moving up (Buy) or down (Sell). The main constituents of this EA are the pre-selected time to enter positions and the determination of exit points. When a trend is detected in mid afternoon US EST, that trend seems to sustain itself long enough to trigger the second main EA constituent. A TrailingStop routine. The trailing stop Exit Code utilizes a modified Average True Range (ATR) equation to evaluate number of pips in profit to call a unique trailing stop routine. The "in profit" range to call first trailing stop varies between 6 to 30 pips. After first initial trailing stop call, a trailing stop factoring routine calculates second, third & etc trailing stop calls to chase the profit and maximise gains.


2007 Automated Trading Championship History(October 1, 2007 to December 21, 2007 - EURUSD)

PerformanceContact Me for Detailed Performance Results

Disclaimer: Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particularly trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk. Variables such as the ability to adhere to a particular trading program in spite of trading losses as well as maintaining adequate liquidity are material points which can adversely affect actual real trading results.