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FXCM Announces the Winner of FXCM Automated Trading Challenge

By Kiana Danial
13 December 2010 16:15 GMT

New York, December 13, 2010FXCM Inc., (NYSE:FXCM) announced the winners of its first automated forex trading contest, which ended December 3, 2010. After seven weeks of trading, FXCM would like to congratulate the winner, Mr. Fenghe Liu from the United States,who had a return of around316% of his starting account balance*.

“The Strategy Trader platform is, so far, the best platform I’ve ever used for automated trading,says Fenghe Liu, who has been trading in the forex market for two years. “It has increased both the efficiency for programming and testing. Compared to other automated trading software, Strategy Trader has created many better features to test strategies.

Read about the first placewinning strategy and how it was used with Strategy Trader to take the $10,000 cash prize.

The free-to-enter contest was held among FXCM demo account holders with an automated trading strategy through their demo accounts.

FXCM’s $100,000 Cash Prize Contest to Start in Early 2011

Building on the momentum of the FXCM Automated Trading Contest, FXCM will be hosting an even larger contest with ten times the total amount of cash prizes. The contest requires no entry fee. A full list of the contest rules and schedule will be published on the FXCM website soon.

The Strategy Trader platform provides participants with all of the necessary tools needed to compete.

  • Contestants can request FXCM’s programming services division to do all the coding work for them.
  • If contestants are already familiar with C# programming, they can ask questions, get answers, and download the new extensive strategy language help file on the Strategy Trader Forums.

Coding, backtesting, optimizing, and executing trades, are all possible within the platform. Strategy Trader uses the open source C# programming language and participants are welcome to use Microsoft Visual Studio. Learn more about theStrategy Trader platform.

About FXCM Inc.

FXCM Inc. (NYSE: FXCM) is a global online provider of foreign exchange (forex) trading and related services to retail and institutional customers worldwide. At the heart of FXCM's client offering is No Dealing Desk forex trading. Clients benefit from FXCM’s large network of forex liquidity providers enabling FXCM to offer competitive spreads on major currency pairs. Clients have the advantage of mobile trading, one-click order execution, and trading from real-time charts. FXCM's UK subsidiary, Forex Capital Markets Limited, also offers CFD products with no re-quote trading and allows clients to trade forex, oil, gold, silver, and stock indices on one platform. In addition, FXCM offers educational courses on forex trading and provides free news and market research through DailyFX.com.

*Past performance is not indicative of future results.No representation is being made that any account will or is likely to achieve profits similar to those shown above.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. Any opinions, analyses, or other information contained is provided as general market commentary and does not constitute investment advice. Read full risk disclaimer.

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13 December 2010 16:15 GMT