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Forex Robot World Cup?

  • #1
  • First Post: Oct 16, 2009 5:27am Oct 16, 2009 5:27am
Hi all EA programmers,

Did anybody get invitation to this competition?

I up to develop one of my strategy for this challenge.
Anybody else?
  • #2
  • Oct 16, 2009 8:30am Oct 16, 2009 8:30am
Well, I'm looking at the rules:


B(14) - Should the entrant of a submitted EA be announced as a winner of any prize category, said entrant (as the acknowledged owner), hereby agrees to unconditionally grant to the FRWC organization sole, exclusive rights to market the EA as it sees fit and for its own exclusive benefit for a period of 6 (six) months from the end of the competition - this is deemed to be 14 days from the end of the live trading phase.



I will not let them sell my EA, especially if it turns out to be the winning one.

The following clause protects the above after the 6 month period.



B(16) - At the end of the 6 month exclusivity period, the FRWC organization shall acquire the non-exclusive rights to market the EA for its own benefit in perpetuity. With the commencement of the non-exclusive period, the owner shall thereafter be free to do with the EA as they wish (sell it, market it, license it), save that the owner may not sell or dispose of any rights to the EA if such sale or disposal would infringe, in any way, upon the rights previously granted to the FRWC organization - for example, the entrant of a winning EA could provide marketing rights to a third party on condition that such provision would not restrict the FRWC organization from continuing to commercialize the EA.

B(17) - Any improvements to a winning EA at any time after entry into the competition shall be included within the scope of the marketing rights granted to the FRWC organization.

B(18) - The FRWC organization may use any information and/or methods disclosed by competition entrants in any way, shape or form for its own gain.


This is a BIG turnoff.



C(2) - Entrants must submit the raw MQL code of each EA within the submission period. If DLLs are required by an EA then entrants must also submit the source code and compiler project files for the associated DLL files.



They can tamper with the account's trades



F(6) - The FRWC organizers will have complete, unrestricted access to each live account being traded during the live trading phase.


Still think the world's best programmers will compete? I for one have contacted the competition coordinators telling them to disqualify any EA that I have posted freely on ForexFactory. I may be forced to start releasing EAs with GPLv2 licenses, and force users to accept them.

Also, it's possible that I could make the EA a portal and put the logic on my webserver instead of the EA itself. Something to think about.
  • #3
  • Oct 16, 2009 8:35am Oct 16, 2009 8:35am
I just cant see the top secret robots being submitted though. Who's gonna turn over the code for a working bot over to FXCM and Boston Tech!? (they're the enemy) - Plus if you dont land in the top 3 you've exposed yourself for NOTHING!! No Thanks!!
  • #4
  • Oct 16, 2009 8:46am Oct 16, 2009 8:46am
You know Fulltime, I think if I move the logic to a webserver, (ea just feeds data), I stand a better chance of hiding my logic, while exposing my code within the rules.

I'm gonna play with this...
  • #5
  • Oct 16, 2009 9:13am Oct 16, 2009 9:13am
Will that work RR? Can that be backtested? Remember they have to run a backtest for 2008 than nets 50% profit to qualify.
  • #6
  • Oct 16, 2009 9:25am Oct 16, 2009 9:25am
There are plenty of ways to manipulate an MT4 backtest in addition to overoptimization. Just look at what I did here. I have until the end of the month, so I'll play with the concept and post here if there any favorable results.
  • #7
  • Oct 16, 2009 9:41am Oct 16, 2009 9:41am
I just wonder that the requirement need only 50% profit for backtest 2008(Sept08 to Sept09) to qualified. In this case, ~4% per month.
If the EA resulting >100% per year, would it get higher chances to win?


If many EA programmers have so much concerns on the rules, the entries might be small numbers=higher chances to win??

And One can submit up to 5 EAs.

I personallly think, if you have many EAs collection, sending 1 or 2 would be good. and if we dont have intention to sell the EAs, it is better to try it in competition like this. What do u think RR & Fulltime?
  • #8
  • Oct 16, 2009 9:48am Oct 16, 2009 9:48am
I was thinking the same thing (giving them some old EA's) since winning is part luck anyway. I only hesitate because my best stuff is a no go and tweaking the put aside EA's is work I'm too lazy to do. (since they need a few components on my newer stuff)
Quoting akukaya
I just wonder that the requirement need only 50% profit for backtest 2008(Sept08 to Sept09) to qualified. In this case, ~4% per month.
If the EA resulting >100% per year, would it get higher chances to win?


If many EA programmers have so much concerns on the rules, the entries might be small numbers=higher chances to win??

And One can submit up to 5 EAs.

I personallly think, if you have many EAs collection, sending 1 or 2 would be good. and if we dont have intention to sell the EAs, it is better to try it in competition like this. What do...
  • #9
  • Oct 16, 2009 10:10am Oct 16, 2009 10:10am
If you join, i wish u goodluck.
  • #10
  • Oct 16, 2009 10:36am Oct 16, 2009 10:36am
I'm submitting an old EA for sure. But I have so many to choose from

I'm still going to try my web-based signal generation.
  • #11
  • Dec 2, 2009 1:41pm Dec 2, 2009 1:41pm
The live trading started .
Can someone know , winners will take the prizes after live trading complete or there's another live trading after 208 days?

because I noted
LIVE TRADING BEGINS IN


208 days 19 Hours!
  • #12
  • Dec 2, 2009 2:56pm Dec 2, 2009 2:56pm
Quoting Ronald Raygun
I'm submitting an old EA for sure. But I have so many to choose from

I'm still going to try my web-based signal generation.
RR, just curious if you made the cut and what userid you are competing under?
  • #13
  • Dec 2, 2009 3:00pm Dec 2, 2009 3:00pm
I entered an EA which takes signals from a website. That EA was rejected because "the trading logic was not submitted".

I am not going to submit the trading logic to them. Definitely not.
  • #14
  • Dec 2, 2009 4:18pm Dec 2, 2009 4:18pm
This competition fascinates me and I am looking forward to be a participant next year.

I have been following this year's progress. The organizers have certainly been challenged. They changed the rules at the last minute - which was either a good thing or a huge credibility problem. They haven't met any of their deadlines yet. I think waiting until next year after everything is sorted out was the best plan.
  • #15
  • Jan 4, 2010 5:48am Jan 4, 2010 5:48am
I reviewed the first month's results and found a number of surprises. Already there are 6 competitors (of 24) down > 60% and one was bust after 11 days. I'm not sure what this says about the competition's qualifying rules and about backtesting in general. It is probably more a reflection of the flaws in backtesting than the qualifying rules.

The leaders have a variety of ways to suit every style. There is one with a 99% win rate. Some trade frequently, others infrequently. Some go for the big wins and losses and others want smaller amounts. Attached are some statistics I put together on the weekend.
Attached Image
  • #16
  • Jan 4, 2010 5:58am Jan 4, 2010 5:58am
if u notice, i am in too but dont know why no trades taken since day 1.
at backtest, it is running fine.

now I am at no 10 out of 24 with 0 drawdown..zero drawdown!!!
  • #17
  • Edited 4:29pm Jan 4, 2010 7:26am | Edited 4:29pm
Quoting akukaya
if u notice, i am in too but dont know why no trades taken since day 1.
at backtest, it is running fine.

now I am at no 10 out of 24 with 0 drawdown..zero drawdown!!!

so am I , my EA Margin call now , It was good at the beginning and the backtest was very good.
  • #18
  • Jan 4, 2010 2:48pm Jan 4, 2010 2:48pm
Quoting akukaya
if u notice, i am in too but dont know why no trades taken since day 1.
at backtest, it is running fine.

now I am at no 10 out of 24 with 0 drawdown..zero drawdown!!!
There seems to be some flaw in the way the backtesting was done for this competition. Either that or they modified the EAs settings after backtesting. One robot went bust in 11 days and your`s hasn`t traded at all. Doesn`t sound like the same kind of problem.

You are still in the prize money anyway. But I won`t have it on my buy interest list.
  • #19
  • Jan 4, 2010 3:50pm Jan 4, 2010 3:50pm
Quoting akukaya
if u notice, i am in too but dont know why no trades taken since day 1.
at backtest, it is running fine.

now I am at no 10 out of 24 with 0 drawdown..zero drawdown!!!
I am wondering why you didn`t trade in parallel with the competition to ensure that the robot was working properly. I suppose you could backtest it for December to get an idea of what went wrong, but that is definitely second best.
  • #20
  • Jan 25, 2010 11:42pm Jan 25, 2010 11:42pm
Quoting n.forex
so am I , my EA Margin call now , http://www.forexfactory.com/showthre...=202146&page=2 It was good at the beginning and the backtest was very good.
I am still holding on...Thinking of buying it once the competition settles now...Since The Top 3 forex robots should be better than those commercial forex robots...
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