In anticipation of the start of the Automated Trading Championship 2011, we have interviewed our sponsors about different aspects of automated trading.
Serbinenko, Chris Reynolds and Rupert Kain have shared their opinions
about the Championship, the current state and prospects of automated
trading and the services that their companies provide to the traders who
use Expert Advisors in their trading. We hope that it will be
interesting to all traders to see how much weight brokers give to the
future development of automated trading systems.
Anna Serbinenko (MIG Bank):
trading is definitely the way to go. Each year, we observe more and
more traders using automated trading, often as an auxiliary function.
And over time, I see it becoming a standard tool rather than exception.
On the other hand, I do not see it replacing the human element
completely. I would say a balance will be established between the two
approaches, and the split will remain stable for some time. I also
believe we are presently close to this consensus.
Chris Reynolds (GO Markets):
EAs can be a great tool for setting the trading to perform exactly as
you would like it, there has also been the growth of a number of EAs
claiming to be the holy grail and promising almost guaranteed massive
profits. Luckily most traders are sensible enough to know that this is
not likely to be reality and they take these claims with a pinch of
salt, but there are some traders who need to do more research before
using some EAs with their hard earned cash based on the claims of sales
websites. This championship will also help to educate new traders on the
kind of strategies that do and do not work, meaning they can choose the
Rupert Kain (Vantage FX):
will see a paradigm shift in the way Automated Trading is currently
being utilised by the majority. Traders will begin to develop strategies
that will take advantage of different market conditions. We believe we
will see traders diversifying their trading over different strategies,
timeframes, and currency pairs. This will require a more refined
understanding of risk management, and will result in a much higher
frequency of trading.
The full text is available on the Championship website - Sponsors about the Automated Trading Championship 2011.
The Sponsors of the Automated Trading Championship 2011 are MIG Bank, Go Markets and Vantage FX. The Media Sponsor of the Championship is Forex-TSD.