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:
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:Participants are allowed to use all of the features of the MIG Trading Station and use any Expert Advisors.
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:
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!