Thursday, February 18, 2010

Ever Heard of the Forex Robot World Cup?

Ok, I'm gonna keep this as short as I can...

In case you don't know about the Forex Robot World Cup (FRWC), it is an automated trading competition. As you probably already know, I love to compete in trading contests, especially for trading robots. I'm pretty good at it too! However, the requirements to qualify for the FRWC are so tough that I couldn't even get my robot into the competition. In fact, only 24 out of nearly 400 people were able to qualify. There was a backtest you had to pass with profit and no errors, followed by a forward test on a demo account. If your robot survived those then it was placed on a live account. The robot with the highest balance after 2 months earns it's creator a big pile of money. In fact, the top 3 prizes totalled 150 THOUSAND dollars. Ok, enough about that. Go to the site to learn more.

--> www.ameLabs.com/recommends/frwc.php

So, knowing that these 24 dudes could get into the contest and I couldn't, I thought it would be cool to get a hold of any of the 24 robots. Then the contest creators did something really cool; they combined the top 3 robots into a single robot and made it available for download! I'm sure you can guess what I did next... I BOUGHT IT!

--> www.ameLabs.com/recommends/frwc.php

Now anyone who knows me knows that I have never purchased a trading robot before. I write my own and the ones that work best become products that I sell. That's how it's always been. Anyway, to keep this short, I have the robot now (called FRWC Fusion) running on a demo account for the next 30 days. If it does well then I will drop a small pile of money into a live account and run it live. I am monitoring the demo account on MyFxBook.com. Click the chart below for full stats.