The Forex Robot World Cup (FRWC).
Since automation began to take over the Forex trading niche, many
organizations have made various attemps to conduct an international
Expert Advisor (EA) competition with the objective of finding the best
of the best.
They all had two main problems:
1. None achieved the required reach necessary to truly find the best
of the best. More specifically, they did not have the ability to recruit
every Forex robot developer around the globe in order to really give
significance to the title "#1 Forex Robot In The World".
2. None were prepared to provide significant cash prizes to actually
motivate leading Forex robot developers into even bothering to
participate.
At the end of the day, you get what you pay for in life. This competition
is no different to any other - he reward is what drives and strengthens
participants' efforts and interest.
The Forex Robot World Cup will create a new standard in terms of
the above two issues.
We are committed, willing and able to produce a Forex Expert Advisor
competition that surpasses anything achieved up to this point in time.
How and why? Well...
A. The Prizes
We are the very first organization willing to give the 1st place finalist of
a Forex Expert Advisor competition the sum of US $100,000 in cold,
hard cash - no strings!
We want to make this clear: if you win the competition then you receive
a bank wire for One Hundred Thousand United States Dollars. Do with
the money as you please, it is yours.
The same applies to the runners-up, as follows:
#2 Position: US $30,000
#3 Position: US $20,000
4th-13th Positions: US $1,000 each.
Not one single organizer of a Forex robot competition has matched our
prizes and MOST have applied silly restrictions like "prize money can
only be used for trading".
Not here!
We repeat - you win the prize, the cash is yours to do as you wish.
B. Live Trading
We are committed to creating a competition that produces the best of
the best and that can only be done via live, real money trading.
We all know the inherent limitations of demo forward trading so, in
order to produce a real winner that we can be confident is able to
withstand live trading conditions, real money has to be involved.
And, the really exciting part of all of this is that no competitor will ever
have to take money from his or her own pocket! All of the live trading
accounts will be funded by the Forex Robot World Cup organization.
C. Market Reach And Variety
To produce a championship with a truly competitive environment, you
need extensive variety within each trading style. No matter whether it
is scalping, day trading, position trading, different currency pairs etc,
extensive variety in trading styles is key.
In order achieve extensive variety, you have to be able to effectively
spread the word - to reach every single Expert Advisor developer
around the globe.
This is one of our most significant strengths!
The Forex Robot World Cup organization has the right partnerships
and relationships in the on-line Forex industry which allows it to have
immense reach. This means the competition will be characterized by
extensive variety and, of course, this will be reflected in the quality of
the winning EAs.
FRWC Competition Phases
There are two main phases to the FRWC competition as follows:
PHASE #1 – Expert Advisor Submission
30/09/2009 Through 01/11/2009
During this stage, any and all interested participants will submit their
MT4 Expert Advisor(s) to the FRWC.
Every EA submitted must adhere to the FRWC's rules which can be
found on our website.
EA Submission Procedure:
1. Go to the FRWC website: http://www.forex-robot-world-cup.com
2. Click on the "Members Area" tab in the main navigation menu
3. Enter your email address and the password you selected during
the registration process
4. Once inside, update your "profile page" then submit your EA(s) to
the Forex Robot World Cup.
Note: Any EA submitted *must* be your own work - commercial EAs
are not permitted.
PHASE #2 – Live Trading
09/11/2009 Through 15/12/2009
For a whole month, qualifying EAs will be trading on our live, real
money accounts and competing for the best ranking.
Clarification: All live accounts will be funded by the Forex Robot World
Cup organization with its nominated broker. No competitor will ever be
asked to deposit his or her own funds - there is no charge made by the
FRWC for participation in the competition.
http://www.forex-robot-world-cup.com
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