Championship: Interview with Alexander Egorov (Aver)
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On the website of the Automated Trading Championship 2006, the Interview with Alexander Egorov (Aver) has been published. The developer did not reveal all secrets of his expert advisor, but he still told about his vision concerning automated trading systems:
While writing expert advisors, I knew from practice that trailing stop rarely pays off, one just loses one's profits. Though, it can be related to my experts, not to the real trading. I tried to use trailing stops instead of strictly set profit. It did not pay off.
The full text of the interview was published on the website of the Automated Trading Championship 2006 in the News section.
The Automated Trading Championship 2006 is organized by the MetaQuotes Software Corp. and co-sponsored by Spacevision Switzerland SA, FXDD and Interbank FX LLC.