Regular visitors will have noticed ever increasing amounts of spam on the Trading Gurus Community Forum. On November 24th 2012 we implemented some changes:

1. New users will be moderated 2. Registered users who have a post count of zero will not be able to view attachments or download code. 3. Registered users who have a post count of zero will not be able to create a new thread

As an additional countermeasure we anticipate introducing a modest paywall in the near future.

If this is your first visit here our apologies for the inconvenience.

Existing users may wish to contribute their ideas to this thread.

Results 1 to 10 of 10

Thread: Ray the Random Robot in the MIG FX Grand Prix 2010

  1. #1
    Administrator Jim's Avatar
    Join Date
    Apr 2010
    Location
    South West England
    Posts
    492

    Ray the Random Robot in the MIG FX Grand Prix 2010

    At the same time as MetaQuotes threw the switch that started their Automated Trading Championship, Swiss Bank MIG also turned the red lights green in their 2010 FX Grand Prix. The first prize in this forex trading contest is an all expenses paid trip to watch the Abu Dhabi Formula One Grand Prix in November, and Ray couldn't possibly resist that sort of temptation.

    This contest permits manual trading, but the rules also state that:

    Participants are allowed to use all of the features of the MIG Trading Station and use any Expert Advisors.
    None of the sort of petty restrictions that prevent Ray opening more than one position at a time from this Swiss Bank! The MIG contest uses MetaTrader 4 as its trading platform, so we opened Ray up and fitted him with a brand new bank of MetaTrader 4 Multiple Micro Memory Modules (MT4MMMM for short), and then turned him on just after 11 PM British Summer Time on Sunday night. On MIG we've configured him to trade 6 currencies, and it was very reassuring after such major surgery to watch him open 6 different positions as fast his little legs would allow:

    FirstOrders.jpg

    As a close inspection of those orders will reveal, something wasn't quite right with Ray's position sizing on the Yen pairs. However MIG's relaxed attitude to their rules meant we could quickly fix that problem and set Ray on his merry way once more, competing against humans as well as "robots" for a change.

    Immediately after starting any multi-currency random entry trading system you will inevitably experience some winners mixed with some losers. Here is the outcome of those first few trades:

    MIG-Oct04-1.png

    More losers than winners at the moment, but Ray is eternally optimistic. He's a "robot" of very little brain, and he still hasn't learned any better!
    Reality is merely an illusion, albeit a very persistent one - Albert Einstein

  2. #2
    Administrator Jim's Avatar
    Join Date
    Apr 2010
    Location
    South West England
    Posts
    492
    After a slow start Ray has finally got out of reverse gear, and just before the 1:15 PM (British Summer Time!) news from the States he is currently showing a modest profit. Here is the rundown on his trades so far:

    MIG-Oct06-1.jpg

    MIG-Oct06-1.jpg

    If you examine those trades carefully you will see that Ray has had a bit of trouble with USD/JPY over the first few days of the competition, but with excellent timing he managed to finally bank a profit on that pair shortly before the advance NFP numbers hit the wires. Mind you Ray still has a very long way to go to get on to the MIG FX Grand Prix leaderboard. He has banked a profit of $2,524.11 so far. The leader has apparently amassed profits of $233,516 as we speak!
    Reality is merely an illusion, albeit a very persistent one - Albert Einstein

  3. #3
    Administrator Jim's Avatar
    Join Date
    Apr 2010
    Location
    South West England
    Posts
    492
    On day 4 of the MIG FX Grand Prix 2010 Ray has settled in nicely, and has currently amassed a 10% profit. All six of his positions are currently of a very manageable size also:

    MIG-Oct07-1.jpg

    Despite his impressive performance Ray is still nowhere near the leaderboard, where "Rick" from the United States is currently showing a 297% profit after only four days!
    Reality is merely an illusion, albeit a very persistent one - Albert Einstein

  4. #4
    Administrator Jim's Avatar
    Join Date
    Apr 2010
    Location
    South West England
    Posts
    492
    The second week of the the MIG FX Grand Prix 2010 has now begun. Traders in US are on holiday today, but Ray is still beavering away as hard as ever. This morning he finds himself sitting on a profit of over 18% in his first week:


    MIG-Oct11-Curve.png

    However he is still falling further and further behind the leader. After dropping down the table at the end of last week, "Rick" is back on top having turned his virtual $100,000 into a cool half million:

    MIG-Leaders-Oct11.jpg
    Reality is merely an illusion, albeit a very persistent one - Albert Einstein

  5. #5
    Administrator Jim's Avatar
    Join Date
    Apr 2010
    Location
    South West England
    Posts
    492

    Ray the Random Robot's Grand Prix Race now on Myfxbook

    Ray has just entered the Myfxbook October 2010 MetaTrader 4 ECN Trading Championship. That means he now also has his very own Myfxbook portfolio where you can keep track of all his contest trading adventures in real time.

    Here's how his MIG FX Grand Prix 2010 contest account is progressing:



    Ray's account is currently up 25.22% after a week and a bit of October. Maximum drawdown thus far is 16.21%.

    Despite his extremely satisfying performance thus far in this competition, Ray is unfortunately still a very long way from watching the Abu Dhabi Formula One Grand Prix. "Rick" has dropped down into 2nd position. The leader is now "Aleksandr" from Ukraine, who has amassed a grand total of $630,402 as we speak:

    MIG-Leaders-Oct13.jpg

    Unfortunately we currently appear to have no way of discovering what Aleksandr and Rick's worst drawdowns have been.
    Reality is merely an illusion, albeit a very persistent one - Albert Einstein

  6. #6
    Administrator Jim's Avatar
    Join Date
    Apr 2010
    Location
    South West England
    Posts
    492
    The MIG FX Grand Prix only lasts four weeks, and so the contest finishes at the end of this week. Ray the Random Robot has performed perfectly satisfactorily, as his Myfxbook equity curve confirms:

    MIG-Oct27-1.jpg

    A 56% gain in three and a bit weeks is certainly not to be sneezed at, but Ray will have to put in an astonishing performance over the next two days if he's going to get on the leaderboard by the time the contest finishes on Friday night. At the top of the table the early leaders have fallen by the wayside:

    MIG-Leaders-Oct27.jpg

    Rick and Aleksandr are conspicuous only by their absence, but the current leader Dmitriy from Ukraine has generated over $1.5 million in pretend profits from his original $100,000 bank. Ray's $56,709.85 profits look positively puny in comparison!
    Reality is merely an illusion, albeit a very persistent one - Albert Einstein

  7. #7
    Administrator Jim's Avatar
    Join Date
    Apr 2010
    Location
    South West England
    Posts
    492

    Ray the Random Robot finishes with 55% profit in one month

    The MIG FX Grand Prix is over, and earlier today the organizers closed Ray's six remaining open positions for an overall loss. As a result Ray's final balance after four weeks of competition has fallen back slightly, to a final total of $155,098.20:

    MIG-Oct30-Orders..jpg

    Since this was done after the FX markets had closed for the weekend, those last six orders are still showing as open positions in Ray's Myfxbook portfolio:

    MIG-Oct30-Myfxbook..jpg

    Even though Ray's statistics are not quite finalised yet, there are still some important lessons to be learned from them. Remember that Ray's entries are almost random? Despite that he somehow managed to make 55% profit in one month, with a maximum drawdown of 27%. Not bad going, I feel sure you'll agree.

    How many pips do you suppose Ray made in October? Myfxbook will tell you that the answer is -428.7, with a few more losses still to be included. Maybe money management is far more important to profitable trading than carefully timed entries and lots of pips?

    We have no way of knowing what criteria the winner of the all expenses paid trip to the Abu Dhabi Grand Prix used for their entries, how many pips they made or lost, and what sort of money management they employed. MIG Bank does tell us however that they come from China, their name is Zhang, and their final balance is much more impressive than Ray's.

    3,210,600 unreal United States Dollars to be precise:

    MIG-Leaders-Oct30..jpg
    Reality is merely an illusion, albeit a very persistent one - Albert Einstein

  8. #8
    Junior Member
    Join Date
    Oct 2010
    Posts
    5
    Great work on the EA! In my experience, any consistant profit will be better than many EA's I've tried.

  9. #9
    Junior Member
    Join Date
    Dec 2010
    Posts
    3
    when I do a backtest on ray I only get like two trades from 2010.1.10 to 2010.12.1. I wonder why. Using Alpari (US)

  10. #10
    Administrator Jim's Avatar
    Join Date
    Apr 2010
    Location
    South West England
    Posts
    492
    Hi Wilfred,

    Since we're talking about a MetaTrader 4 broker in here I assume you're using the MT4 version of Ray? MetaTrader 4 doesn't support backtesting of multi-currency expert advisors, so you'd need to try Ray's MetaTrader 5 clone to get meaningful backtest results.

    Nonetheless I'd still expect rather more than 2 trades in a year. How have you got Ray set up? Using the default settings straight out of the box?

    Jim
    Reality is merely an illusion, albeit a very persistent one - Albert Einstein

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •