The Forex Robot World Cup has announced the 1st place winner, Drazen Ziskovic (145.60%).  LMD Multicurrency Forex Robot Software.

See The Viedo Of The    Winner Of The Forex Robot World Cup

The Winner, Drazen says;

I am 33 years old and have a degree in economics. I became interested in trading the foreign exchange market eight years ago and I’ve been trading forex live for more than six years now.

I am primarily a discretionary trader and most of the time I trade with discretionary systems based on chart patterns. I do not use any indicators or standard analytical tools.

In my trading I like to keep things as simple as possible because my six years of live trading showed me that this is the best approach. I became interested in automated trading at the end of 2006 when I saw the Automated Trading Championship organized by Metaqoutes.

I decided to learn MQL programming and from that day since, I have written and tested many automated trading systems. Some were more successful than others in live trading.

One of my successful EAs won fourth place at the Metaquotes Automated Trading Championship in 2007. In the beginning I started to create the automated trading systems based on indicators and standard analytical tools, but I learned that they don’t have prospects, they’re not suitable for constantly changing market conditions. I realized that the most resilient systems are those based on chart patterns because they respond well to the constantly changing forex market, so for the last year I have been creating systems based on that approach. LMD-Multicurrency is one of those.

When I first saw the Forex Robot World Cup advertisement around October, I decided to participate because the prizes are really good and I knew if I won it would help my financial situation.

Now I am happy because I am among winners. The EA is an automated system based on the chart pattern recognition algorithm and it showed good results. I decided to do some improvements and modifications, make it multi-currency and send it to the Forex Robot World Cup.

It has a built-in knowledge acquired through many years of live trading, creating and testing various trading systems. Another reason is it’s ability to use a risky money management strategy because the EA trades multiple currency pairs, so we do not have all our eggs in one basket.

I think that this risk diversification is the main reason I am among winners. I would like to thank the contest organizers for making this competition possible. It was a really great contest and it is even greater for me because I am among winners. I would also like to congratulate all the winners and participants.  Drazen Ziskovic.

2nd Place – 88.11%
Prize – $30,000
Name – Leslee Vernon Gouws
EA – HiRIDER
Country – South Africa

3rd Place – 36.25%
Prize – $10,000
Name – Manolito Gulla
EA – SuperVolcano
Country – USA

4th Place – 19.39%
Prize – $1,000
Name – Ignacio Vasquez Bernal
EA – VREM2
Country – Colombia

5th Place – 14.93%
Prize – $1,000
Name – Roman Movchan
EA – Nutcracker
Country – Australia