Forex Robot World Cup and FXCM Matthew Navie Interview
I know you’ve been following the Forex Robot WorldCup (FRWC) – everyone has!
FRWC just did an interview with the biggest broker on the planet!
Here’s some of what went down:
- What does the biggest FX broker in the world think about the FRWC?
- Why did they decide to be official sponsors of the FRWC?
- What does FXCM think about the transparency of this competition?
- What is the biggest FX broker’s opinion on the fact that all EAs were traded on live accounts and results were updated LIVE?
- Why there is a big difference between real-money, live trading and back-testing / demo trading?
- What does liquidity have to do with things when it comes to live trading? Hear the real answer for the very first time… no more speculation on this point!
- Why it was necessary to conduct such a competition considering what current FX product buyers have available to them in the marketplace.
- Why has the MT4 platform become so popular?
- No restrictions, no dealing desk execution… what does that mean to FX traders? (IMPORTANT!)
- The HUGE benefit of FXCM’s partnership with Boston Technologies and how this can benefit YOU!
- What does FXCM have to say about scalping strategies? (you’ll want to hear this!)
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about 7 months ago
Well, the top two robots are excellent.
If you have large reserves, the multi-currency one is for you. (Since you can live w/ the up & down swings, that the robot delivers.)
For those who like predictability, the #2 (HiRIDER) is linear, with very small draw downs.
As for the “hype” referred to by marketers, in general: on a scale from 1 to 10 (w/ 10 being the worst), the FRWC people are about 2. (For example: their selection method for robots produced as many losers as winners…)
Nevertheless, the winners are very real.
Though only time will tell if their champions will last for years & years: The last mql4 world championship also was impressive. But one of the winners [abeiks], after the contest period was over, started losing as quickly as it has previously won. After an extended period, it started winning again, in championship style.
(Hence either manually or via code: take your EA off line, if your threshold for losing is exceeded.)
about 7 months ago
Yes, the LMD Multi-Currency definitely has a lot of fluctuations, though it still managed to win by a far margin. The HiRider looks like a really safe option. Though the FRWC package will contain the best EA’s in one, so you will be able to use the ones you want.