Simple and to the point: The Forex Robot World Cup™ is the biggest and most important Forex robot competition in the industry, but more importantly, the most TRANSPARENT competition in the industry.
If you have not yet visited the official FRWC website at http://www.forex-robot-world-cup.com then we urge you to do so – you will truly get a sense of what has been created and achieved in terms of value and innovation.
The competition has two stages, the EA submission phase and the live trading phase.
> Stage 1: The EA Submission Phase
Formally started on September 20th, 2009 and lasted until November 25th, 2009 (67 days).
Over 300 EA developers from every corner of the globe submitted their EAs during this phase in order to qualify for the live trading phase and be eligible to win one of the FRWC cash prizes, the first prize being US $100,000.
Now, this is something you truly need to understand – it is KEY: EAs submitted during this phase had to comply with the FRWC’s rules which are the toughest ever created, in order to qualify for the live trading phase.
How tough are our submission and qualification rules? Well, you can judge for yourself by going here RULE.
Why are the rules so tough?
Simply because that is what is needed in order to find a true winner in terms of long-term profitable performance. And THAT is why the winning robots of the FRWC are in a league of their own, they not only passed a tough pre-screening, they are also proving themselves during 2 whole months of live, real-money trading.
> Stage 2: The Live Trading Phase
From the 329 robots submitted in phase 1, 24 adhered to the FRWC’s rules and moved on to phase 2, the live trading phase which started on December 1st, 2009 and will end on January 29th, 2010 (2 months of live trading). All robots were placed on $1,000 real-money live accounts funded by the FRWC.
From the very beginning of the live trading phase, results, rankings, and account statements have been updated in real-time every 15 minutes. You can access the official rankings table here: RESULTS.
Visit The Forex Robot World Cup Now!
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