Championship Update Week 1
Could somebody from metaquotes give comments on this opinion?
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First week is done, 11 more weeks to go.
Leader is winwin2007, who raised a LOT of controversy with his method. His expert is a 1 pip scalper, and trades EURGBP during Asian session only.
This expert trades only if there is a 2 pip spread, and he is able to set take profit at 1 pip profit (this is controlled by MarketInfo(Symbol(), MODE_STOPLEVEL).
During testing the spread and stoplevel may have been fixed at 2 and 2, but after two days of the contest, the stop level was definately changed to 4, causing
this expert to be unable to trade.
Metaquotes points to their rule that trading conditions may vary.
Much controversy ensued... "He is a cheater!" some say. Others say "Metaquotes shut him down because they don't want him (a German) to win!" others say.
There are 424 comments on his expert, vs 54 for the next most highly commented.
* My opinion, he is trading an advertised price, the server accepts his trade, how is that cheating? Dealers come out in a bad light as it is discussed how
some or all dealing desks manipulate the prices and conditions presented to traders. Yes, they want to make a profit too, in fact, they have to, to continue
to provide their service. Looks like they do, from the results below.
* Metaquotes server now varies the stop level between 2 and 4 pips, so it is possible for his expert to trade, but they "may" have applied "price filters" to the feed
to lessen the volatility of the advertised prices, which is difficult to confirm. The term "Datafeed Imperfection" came up as an explanation why the winner
was winning.
winwin2007 is still in first place (barely) having traded only 2 Asian sessions, taking 114 pips in 114 trades, with 0 losses, gaining 94.1% on his account.
Other experts have briefly gotten ahead, but so far, not maintained a lead. They will likely overtake his expert next week, if it is still unable to trade.
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Approximate Overall Results, for week 1
* The value of losses will be particularly skewed from "real life" as time goes on, as more losers go idle (no funds). There will be no chance for
new losers to sign up and begin losing, nor for current losers to add funds and lose some more. The wins may continue to grow, unlimited,
but the losses will be capped by the initial pool of losers and their intial capital.