Since the first Automated Trading Championship we have seen plenty of
trading robots in our TOP-10 created with the use of various methods.
Excellent results were shown both by the Exper Advisors based on
standard indicators, and complicated analytical complexes with weekly
automatic optimization of their own parameters. But still we have never
seen an Expert Advisor based on the wave theory competing with trading
robots based on neural networks and enhanced mathematical models. The
author of this unusual trading robot Andrey Bobryashov (tmt0086) believes that there is nothing difficult in that.
It is said that Wave Analysis is mostly an art than a science. And
creation of an automatic trading system based on it is a very
complicated task. How have you managed to do that?
Indeed, the wave analysis is an art or a creative work, to be exact.
Construction of the waves is like a picture painting. It always has an
alternative interpretation. It seems that the disputes of wave analytics
about the waves construction will continue until the market exists.
An attempt to program the wave analysis in its classical form is
sheer madness, of course. I took the Folding Rule as a basis of a wave
end and checked it using the tester. The robot was trading having
profitable and loss-making trades successively. Then I added money
management and ABC and received much better result.
The full text is available on the Championship website - Interview with Andrey Bobryashov (tmt0086).
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.