Here at the Trading Gurus we often get asked to write MetaTrader 4 "robots". When asked "how much" we quote a random large number. We then add the rider "If you don't mind making your robot open source and letting us publish it on our community forum we'll do the job pro bono". Nobody has ever taken us up on either of our generous offers. Until now that is!
As a couple of our more perceptive readers have recently pointed out to me, Ray the Random Robot's equity curve (the live version of which you can see proudly displayed to the left of this post) has recently suffered an obvious "blip". Here's an enlarged version of where Ray's up to today, preserved for posterity:
If you're from the United States you may well never have heard of Buru Trader. However if you're a customer of Interbank FX Australia like me, you probably will have done. It's a bundle of two MetaTrader 4 expert advisors called "buru New York" and "buru Tokyo", which IBFX Australia have been promoting over the last few months. On March 15th IBFX were inviting their customers to find out about:
That prescient title is a quotation from a presentation given by Professor Dave Cliff of the University of Bristol at the Innovation and Algorithmic Trading conference hosted by LMAX at University College London at the end of February. I was sat at the front throughout Dave's talk, and I found myself laughing frequently. Perhaps for that very reason any shots of the back of my head have been left on the cutting room floor in the videos that have just been made available on the LMAX Trader community website. Here's Dave's extremely interesting and even more amusing presentation from that event on the subject of "Robot traders and evolving markets":
Ray the Random Robot™ has just entered yet another forex trading competition. This time it's the Myfxbook/FXOpen October 2010 MetaTrader 4 ECN Trading Championship. This championship doesn't actually start until October 25th, so Ray is actually ahead of the curve on this one for a change! However one the rules of the competition states that:
It's been an extremely busy week for Ray the Random Robot™, and he has undergone a number of cloning operations. First of all the MetaTrader 5 Automated Trading Championship 2010 finally got underway at midnight on Sunday, Moscow time. Ray's multi-currency MT5 clone started perfectly, but he has had some teething troubles with EUR/USD and has now slipped back to 273rd position out of 314.
Only a few short days ago we took the momentous decision to enter several automated trading competitions simultaneously. We've been burning numerous barrels of midnight oil here at Trading Towers ever since, and for the second time in as many weeks late last night we managed to successfully shoehorn some of the dumbest trading technology ever invented into our old friend Ray the Random Robot™. Then we managed to get him entered into another automated trading contest at the very last moment.
We burned a lot of midnight oil here at the Trading Gurus last night trying to make sure our shiny new multi-currency upgrade to Ray the Random Robot™ wouldn't fall at the first hurdle in MetaQuotes entry into the 2010 Great Object-Oriented Robot Wars (GOORW for short). The deadline for entries into the MetaTrader 5 Automated Trading Championship 2010 is later on today. At least that's what we thought when we finally got to bed! This morning we awoke somewhat later than usual, only to discover that MetaQuotes have just extended that deadline:
As anticipated I received an email from FXCM last night, but it did seem just a touch impersonal. It started out by saying:
Code and Compete for a chance to win cash prizes in the FXCM Automated Trading Challenge. Sign up for a contest demo and put your automated strategy to the test with zero risk to your own money.
A bit further on it posed this rhetorical question:
FXCM Strategy Trader Delivers the Next Evolution in Automated Trading.
Despite this their Strategy Trader home page (now retitled "Automated Forex Trading") is still at pains to point out that: