ForexBees

Any one heard of this competition? A competition between the authors of non-commercial expert advisors is going on at http://www.forex-robot-world-cup.com/. Non commecial expert advisors mean expert advisors that are not being sold or marketed anywhere but are solely used by their developers.

The first prize is $100,000. The competition has two phases. The first phase is a screening phase and the second phase is live (real money) trading phase.

In the screening phase 329 authors participated out of which 10 expert advisors are selected for live trading phase. In the screening phase around 320 expert advisors are taken out as they did not do well in a short period of time which is 2 months.

Now there are only 10 expert advisors are left which are already trading on live accounts. You can see the results of the expert advisors on the site. One expert advisor is trading good which made around 160% profit with in the 11 days.

I am not sure if this competion is real or not but it is fun. Go and check it.