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FXCM is holding an automated forex trading contest which begins October 17. Trading will take place on the Strategy Trader platform which uses C# for strategy coding. The top 3 winners receive the following cash prizes: 1st - $10,000; 2nd - $7,000; and 3rd place - $3,000. Below are some important dates to note in order to participate.

 

Important Dates:

 

September 7: Contest registration opens. Begin coding and testing your automated strategy to prepare for the first day of the contest.

 

October 15: A starting balance of $1,000 will be used for the official contest. Therefore, at the close of trading on October 15th contest demo accounts will be automatically reset to $1,000 and any open positions will be settled.

 

October 17: Contest officially begins when trading opens Sunday October 17th. Participants should activate their automated strategies for trading. There is a leaderboard on the contest page which will update hourly with the current leaders.

 

December 3: Contest trading period ends. Final equity levels will be recorded and prizes will be awarded to the top three contestants

 

If you're going to participate, please make sure to register for the demo though the contest page. All information including FAQ's can be found on the contest website: http://www.fxcm.co.uk/automated-forex-trading-contest.jsp

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    • @sxiqxx, Well done on making your first post a promising strategy. @everyone, post up if you want this coded into an EA. Although I switched to TradeStation, I still have an active MT5 demo with MetaEditor. I can code it without referencing object oriented programming which should be retroactively compatible with MT4. Let me know...
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    • Scalping can be good during the high volatile markets however the new traders should be careful while entering and exiting the markets too quickly since they can make losses as well. If the broker support news trading we can make most out of the scalping in my opinion.  
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