Wednesday, April 8, 2009

Automated Trading Championship – Why Join?

What are the possible reasons for wanting to participate in ATC? The reasons are many, from the most trivial of just having some fun to potentially finding business opportunities. Let’s discuss some of this.


1. Self-selected MQL4 Olympian


Well, when you are a participant, you country is listed and so are your fellow countrymen. Within that you can have fun to see if you are doing better than them or better still in a small world like us, it looks like an Olympic game. Just think - you cab select yourself to represent your country.


2. Self-disciplined EA


Your EA needs to be efficient in using computing resources and error-free. Even if you have escaped the scrutiny before the competition, you may run into some errors which will disqualify you. Participating will help you build more efficient EAs and force you to discipline your EA and yourself and up the ante.


3. Making new MQL4 friends


Hey you can go around as a participant and drop messages on other participants and they on yours, so hopefully you get to know more like-minded MQL4 freaks.


4. Benchmark your EA


This is a good time with all participants on common ground to pit your EA against others and see how well it performs. It will tell you how good or bad your strategies are. Or maybe it is not the strategies but poor coding. Whatever it is, it will help you to see what kind of EA you have written.


5. Selling your EA.


If your EA show promising results, rest assured that there are many eyes from all over the world who will express interests to purchase your EA.


6. Business opportunities


Or you might get requests by intermediaries who will host your EA as a list of offerings to their customers and earn some bucks in return.


I am sure there are more. If you can think of any, drop me some comments!

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