MetaQuotes Software Corp.

Dear clients,

Organization and conduction of the Automated Trading Championship is a very complicated and cost-consuming project. For the maintenance of this competition our company needs to involve tens of specialists from different departments. Among persons involved in the conduction of Championships there are developers of trading platforms and specialists of the software testing department.

As you might know, now we are engaged in the development of a new trading platform MetaTrader 5; its release is planned for this year. All our forces are now concentrated on the platform release, and soon it will be presented to you for beta testing. Focusing all our resources on this release, we don't want to be distracted from this target.

Besides, the new platform will contain a new environment for the development of trading strategies - MQL5 IDE. We find it more reasonable to conduct the next Championship using the new language. However, it is unlikely that potential participants will manage to learn MQL5 and write new Expert Advisors in it. Due to this the number of potential Participants may be much lower - this is sure to have a negative effect on the attraction of the Championship.

Taking into account all this we decided not to conduct the ATC this year. Instead of this we will concentrate our efforts on the release of the new MetaTrader 5 platform and next year we will conduct the Championship for Expert Advisors written in MQL5.

In 2006, rich functionality of MQL4 environment enabled the company to arrange the first annual Automated Trading Championship. Never before had the world seen a competition of Expert Advisors of such a scale. Trading robots of 258 developers competed for a prize fund of $80 000 in this 12-week contest. The winner Roman Zamozhnyy increased his deposit by 250% and received $40 000.

The Championship sparked interest among traders and brokers encouraging further development of the automated trading around the world.

After two years of development, the most popular MetaTrader 4 trading platform was released becoming the de facto standard in Forex trading and providing millions of traders with a reliable working tool. Traditionally, the product was developed from scratch and featured a number of fundamental differences. 

Innovations were implemented practically everywhere — from the new mobile terminals up to the fundamentally new distributed architecture of the entire platform. The client terminal once again became the most functional and popular on the market. The new platform also featured MQL4 IDE — a trading strategy development environment which revolutionized the development of the automated trading applications.

The version for mobile devices MetaTrader 4 Mobile was released in October 2005.

The first mobile terminals for Forex trading (MetaTrader 3 CE and MetaTrader for Palm) were released in 2003. 

The terminals were quickly appreciated by users expanding the company's customer base and boosting MetaTrader's popularity in the world.

Release of the MetaQuotes trading platform. The new platform differed from its predecessor in its higher functionality. 

Most importantly, the new client terminal was supplied with a built-in language for programming trading strategies - the MetaQuotes Language (MQL). It allowed users to develop trading robots.