The Forex Robot World Cup (a.okay.a. FRWC) is now formally over and a winner has been introduced: the LMD Multicurrency buying and selling robotic which was developed by Drazen Ziskovic of Croatia.
As it’s possible you’ll know, there are tons of of Forex robots on this planet and the market is filled with scammy and shady robots bought by grasping entrepreneurs. Only a small proportion of robots actually work properly and it is tough to know upfront that are the gems and that are the duds. This is why the Forex Robot World Cup was established within the first place: to offer a manner for merchants to see robots in motion, examined on dwell accounts (not again testing), all on the identical platform with the identical circumstances.
This face to face battle of the robots came about after rigorous screening phases during which many of the submitted robots had been rejects for both not performing properly sufficient or as a result of they have been commercially bought earlier than (Only non-commercial robots had been allowed to take part). Only 24 robots made it to the ultimate stage which lasted for about 2 months.
The LMD Multicurrency robotic was the winner with a revenue of 145.60%. Not dangerous for a robotic of a man who by no means even bought a robotic earlier than. This is kind of an achievement which additionally earned the developer a $100,000 prize!
In an interview accomplished with Drazen Ziskovic who developed the robotic and from different particulars recognized about it, I can say that the LMD Multicurrency robotic works with detailed and complicated chart sample recognition algorithms. It tries to infer the longer term by studying into the patterns of the value charts of assorted foreign money pairs. This was accomplished in response to the expertise of Mr. Ziskovic himself via his years as an energetic dealer.
The robotic trades a number of foreign money pairs concurrently. This creates a threat diversification impact as a result of you may place extra trades on extra markets (for those who think about every pair to be a market in its personal proper). This additionally permits the robotic to take a bit additional threat on every commerce because the diversification reduces the general threat. These are the explanation why it gained the primary prize and achieved such a formidable revenue margin.
The humorous factor is that this man got here out of nowhere. It was solely as a result of FRWC that the remainder of the Forex world had ever heard of this robotic and what it had achieved. This looks like a formidable robotic and an actual problem to builders in every single place.
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