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Thread: Is Automated trading allowed?

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    Default Is Automated trading allowed?

    We know in Metatrader one can write scripts for automation of trading,is it allwed for trading competion?

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    Director of FXOpen Aus FXOjafar's Avatar
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    We don't know the details of the upcoming competition as yet. I imagine that as long as the EA conforms to the rules, it may be allowed.
    Jafar Calley - Director
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    Thanks for the reply.
    I think automated trading sould be allowed cause i have a profitable script which can make about 300 pips per week.

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    Quote Originally Posted by nhasan View Post
    Thanks for the reply.
    I think automated trading sould be allowed cause i have a profitable script which can make about 300 pips per week.
    Have you been using this script to make money for yourself and is there records of performance?

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    Quote Originally Posted by nhasan View Post
    Thanks for the reply.
    I think automated trading sould be allowed cause i have a profitable script which can make about 300 pips per week.
    pls give us your performance record...or share to us if you dont mind

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    Quote Originally Posted by RebateFX.com View Post
    We don't know the details of the upcoming competition as yet. I imagine that as long as the EA conforms to the rules, it may be allowed.
    when will the competition will begin sir?
    is it trades with our real account? or just with demo acc?

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    Quote Originally Posted by newbie_fx View Post
    when will the competition will begin sir?
    is it trades with our real account? or just with demo acc?
    As the special competition website is yet to be finished, we are going to hold an extra special competition on demo accounts to be announced in the next few days hopefully, with a couple of thousand shiny $$ up for grabs as a prize.

    Stay tuned to the forum
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    Quote Originally Posted by RebateFX.com View Post
    As the special competition website is yet to be finished, we are going to hold an extra special competition on demo accounts to be announced in the next few days hopefully, with a couple of thousand shiny $$ up for grabs as a prize.

    Stay tuned to the forum
    Whaoooo!!! That will be mouth-watering and I'll love to participate. Pls keep us posted as usual.

    Thanks.

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    Quote Originally Posted by urgentfx View Post
    Whaoooo!!! That will be mouth-watering and I'll love to participate. Pls keep us posted as usual.

    Thanks.
    yeiihhhaaa....
    hope so i can win the competition!
    sm_cool sm_win
    ~~Forex Is My World~~
    babysm_cool sm_win

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    It's very good for my to allow automatic trade.
    I have my own expert advisor.

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    yeah we will seethe manual and automated traders who are the best.......

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    hafnium
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    Anyone else having log in problems with the contest. Got the Login ID and password from forexcup.com. When I use the credentials in Metatrader 4, I get "invalid account". I printed the credentials and am using the right info. Any suggestions?

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    Default Can you try it

    Quote Originally Posted by namidani View Post
    pls give us your performance record...or share to us if you dont mind
    Thanks for your interest about my automated trading script. I am trying to build my own profitable EA for a long time. You can test one of my EA attached here in a demo account of xxxxxxxxxxxxxxxxxxxxxxxxxxxxx. This EA is synchronized with the time frame of xxxxxxxxxxxx. If you want to test it in other broker, please let me know. I'll try to sync. it with your broker.

    In past test this script shows nominal profitability. I have tested it for last 18 weeks in GBPJPY currency pair and found- around 18 trade per week, around 60% of them closed without loss and around 300 Pips profit per week.

    No trading strategy can make only profitable trade. So you have to test it for a resonable length of time(at leaset 72 hours) continuously to measure it's performance.

    If you are interested, please test it and post your testing result in this forum.
    Attached Files Attached Files
    Last edited by nonamer; 12-25-2008 at 10:22 AM.

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    Default

    uuhhh, every body, got EA, How do I get one..huh..???

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    Default

    EA needs to be tetsted with demo first before we use it for trading live

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