Automated Trading Championship 2007: Analytical Report by Better

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On the website of the Automated Trading Championship 2007, the article 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.

The Automated Trading Championship 2007 is organized by MetaQuotes Software Corp. and co-sponsored by ODL Securities Limited, Alpari (UK) Limited, FXDD and the popular TRADERS` magazine.

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