The First Place was taken by Kiril Kartuniv from Bulgaria. His Expert Advisor executed only 27 trades, but for 3 months managed to increase the deposit till 170 thousand dollars. Kiril won the prize of 40,000 US dollars from the Major Sponsor - Forex Capital Markets LLC (FXCM) - and the award for the first place.
First, I would like to thank the contest Organizers and the contest Sponsors for making the Automated Trading Championship 2008 possible! It is a great idea and it is even greater to put it into practice. I would like also to congratulate all Participants of the top 30 on their successful developments! We observed great performing EAs this year 08. There were sharp rises to salute and even sharper falls to make us not forget the chaotic market behavior.
I hope that the work of so many developers in this area will contribute to the improvement of market stability and avoiding of panic in the markets when more and more advanced EAs are developed and used to do trading in the future.
The path was opened by the developers of the MetaQuotes Software Corp. via providing the programming language as a tool for creating trading Expert Advisors.
I want to believe that with the future development of the language (MQL5) and the existence of so many developers gathering experience, making new algorithms and implementing them, the next Automated Trading Championship 09 will be even more popular and interesting. Good luck to everyone!
