What Is The Forex Robot World Cup?
Forex robots are nothing new. But the problem has always been finding a Forex robot that works as advertised. Luckily, the Forex Robot World Cup has come along to raise the bar both as to how Forex automated robots are tested and what the requirements are for a winning Forex robot.
Basically, the Forex Robot World Cup is a competition for Expert Advisor programmers. There is $150,000 worth of prize money up for grabs… so this has brought out the best programmers around the world. But not just any programmer can participate.
To make this competition as fair and above board as possible, the team at Forex Robot World Cup had a rigorous screening process. Not only did the automated trading solution have to be non-commercial, but it had to pass an inspection. Of over 300 programmers who presented their expert advisors, only around 24 made it to the live trading stage.
And this is really what sets the Forex Robot World Cup apart from anything that has ever been done before… LIVE trading with REAL money. We have all seen “proof” like this on the pages of slick marketers. But we have never been able to see the tests ourselves, step-by-step, and in real time. We’ve always had to take their word for it. And more often than not, the Forex robot did not perform as advertised when set up on your account.
But now things are different. The Forex Robot World Cup provides a regulated and equal environment for Forex EA programmers to go head to head. They all use the same broker and start off with the same amount of money… to ensure that the competition really is head-to-head. The only way to win the competition is to beat out the other robots trading under the exact same market conditions and same exact time period.
And what makes this competition even more exciting is the public gets to watch. During the completion, each closed position was updated on the site every 15 minutes. There was a nice graph so you could instantly see which robot was winning and (more importantly), the equity curve. This is the kind of transparency we have been missing when deciding on an automated Forex trading solution.
But I’ve saved the best for last. The Forex Robot World Cup is not just a competition for EA programmers. Once the best Forex winning robots are discovered, they are going to be released in limited quantities to the public. That means people like you and I can use the same Expert Advisors we saw perform so well with real money and under live market conditions. Frankly, the Forex Robot World Cup has changed the standards for the Forex automated trading industry.
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