Baruch MFE student Juan Pablo Alonso (Baruch MFE’13) won second place in the 2012 Metaquotes Automated Trading Championship held from October 1st to December 28th, 2012, and a $25,000 money prize.
Juan Pablo programmed a fully automated currency trading robot that ran without human interaction for the three months of the competition. The program was created using statistical analysis of historical EUR\USD data to find a trade algorithm that maximized the expected return.
451 traders from over 50 countries on all continents created trading robots that participated in the competition. In the top 20 were participants from United States, Spain, Russia, Belarus, China, Lithuania, Indonesia, France, and Italy. In true trading fashion, only the top three places received prize money.
Juan Pablo was the most followed trader of the competition; an interview with him is posted at http://championship.mql5.com/2012/en/news/189