Automated trading has taken the forex community in the recent years. Every month, you will find a new fx robot released to the market with tall claims about its capability. There is no way, you as a trader can tell whether the forex robot is a real deal or just another junk hitting the market .
Previously, it was very difficult to judge the claims being made by robot developers. But this will change forever with the holding of the first ever Forex Robot World Cup. Forex Robot World Cup (FRWC) is the first ever competition between non commercial trading robots. Non commercial means that any trading robot that is not being sold in the market can take part in FRWC .
The first prize is $100,000. The second prize is $30,000 and the third prize is $20,000. So you can see yourself this competition is real serious. 329 robots or what you call expert advisors were registered for the competition out of which only 24 eventually qualified. Live trading started on 1st December. You can follow the results on the official website . Read this shocking FRWC Brutal Truth FREE Report about these trading robots just now. Discover a revolutionary Forex Robot that made 2680.71% in 2009 and download the Forex Auto Detector Software FREE that can increase the performance of any forex robot by 53% and more. Watch these powerful Forex Mastery 2.0 and M3 Forex Software preview videos just now-the game changer for forex traders.
What this means is that now there is a way to judge the performance of these trading robots without creating any hype. FRWC was the first ever fully transparent third party competition that tested the trading robots taking part in the competition under live trading environment. What this means is that you have an independent verification of the performance of a trading robot. Automated trading is the name of the game now. This is the future of trading . An automated trading system can trade without human intervention. What you need is a tested automated trading system that can be relied upon. This forex robot competition will go a long way in setting a standard of how to test the performance of automated trading systems in the long run !