Three weeks ago we have launched a survey on MQL5.com. Its results
will affect the implementation of the affiliate program. We have tried
to figure out if sellers are willing to share their profits with
MQL5.com members promoting their products. The question was: "Will you
participate in MQL5.community affiliate program?" Most respondents
answered positively and confirmed their willingness to share their
margin with affiliates. The poll results are as follows: 65% of
respondents are willing to participate in the program, while 35% are
Thus, we have found out that MQL5.community members are interested in
the affiliate program. Besides, we have asked several active MQL5 Market
sellers and Signals providers to share their opinions on the program. We
wanted to know if they are willing to give some part of their profit to
the affiliates, what kind of program they find most acceptable and what
should be taken into consideration during its implementation. You can
find their opinions below.
Member of MQL5 Market's TOP-10Founder of Trajecta - Brazilian trading robots developing company
believe this is a very relevant opportunity to fill our mission and to
improve our products and systems. In my opinion, all affiliate programs
here are welcome and a positive step to improve the quality and revenue
share of trading signals and applications.
I see great
opportunities to work together on new ideas based on the affiliates' opinions
and overcome difficulties in selling our systems, so I believe this is a focus
Member of MQL5 Market's TOP-10Seller of Moment Catcher, which is the most expensive Expert Advisor ever sold in the Market ($3 000)
would willingly share a reasonable part of my profits for actual sales
of my EAs and/or Signals (Cost Per Sale) and not just for the traffic
generated by the affiliate into MQL5 Market (Cost Per Click
programs). This way, the developer earns by a sale that would probably
be impossible without the affiliate and the affiliate tries to promote
the product in such a way that has an increased probability to end-up
an actual sale (e.g. by targeting visitors of specific background, age
etc.) rather than focusing on how to simply transfer the visitor of
site to MQL5 Market to earn the "click" commission.
As I have
stated above, only a program that has the potential to increase the
actual sales would be of my interest (and for that program I would
accept to share profits). The actual program can be good for both worlds
(developer and affiliate) since the actual commission could be scaled
based e.g. on the volume of sales (for instance an affiliate that
generated 5 sales in a month or more would get a bigger commission than
the one that generates 1 sale).
Otherwise (if it is a simple
CPC affiliate program) it could be hard to be controlled (spam e-mails,
social media bloating etc.) and would probably damage the actual value
of the product itself.
Developers (Sellers) will need to have a
good picture of affiliate statistical data (traffic generated, actual
sales per affiliate etc.) in order to be able to track and validate the
commissions withheld and in general to be in a good position to evaluate
the affiliate program as a whole.
His MetaQuant Expert Advisor has taken the 10th place on АТС 2010 and is very popular among traders
I will gladly participate in the affiliate program. I think it is a
very useful and necessary thing for all the community members. Of
course, I am willing to share my profits. I will be very happy if I am
able to set different amounts of payment for different products/signals.
I think, a single payment rate is not a very good option. We need the
ability to specify the individual payoff amount for each definite
partner (I think, you know what I mean - there are very popular and
important web resources and all sellers will be happy to see their
Besides, you should prevent using the program for some inappropriate
purposes, as well as discourage all attempts of fraud. Another important
issue is security. MQL5.community is now a secure and reliable web
resource all users can rely on. Keep up the good work!
Provider of Toy Joy and Toy joy forex signals
I am interested in the affiliate program. It would be nice to have a
choice: to pay a profit share for placing widgets (for example, per
month) or to pay some percentage value from the subscription fee of the
subscribers attracted by the promoter.
Xenta and Denta signals
No, I am not going to participate in the affiliate program.
First, I agree with two comments at the appropriate forum topic
stating that a good product needs no excessive promotion. Such promotion
may create a negative impression about the product's quality.
Second, I would like to work with some definite group of subscribers
possessing basic knowledge and skills. Such subscribers will hardly be
clicking on dubious Forex-like banners only because they promise
fabulous profits. Instead of doing this and complaining about "huge
drawdown" a bit later, they will just look at the source web site (by
hovering mouse over the banner and looking at the root domain) and
analyze all available data. Therefore, it is much better for me to have a
certain number of constant subscribers instead of the vast amount of
customers appearing and then leaving in a week/month just because they
have not received the same amount of profit they made during the most
profitable week/month for the whole time of signal's operation.
Third, why should I sell cheap when I can sell at a better price? I do not have reason to share my profit, so far.
Finally, I am already participating in the "affiliate program" paying
20% of the profit. I am quite satisfied with it and I think it is
enough for me for now. :)
FOREX NAVIGATOR signals
This is how I see it:
Here are the main points developers should pay attention to:
Provider of Grider 3, Grider 3 MT4 и Grider 3v1 signals
I believe that everyone should mind their own business - programmers
should write applications, traders should trade, while sellers should
sell. A programmer trying to sell something can hardly be more efficient
than a seller trying to develop an application. Keeping this in mind, I
think that products/signals should be promoted by those who can do
that. When I start distributing my signals on a commercial basis, I will
gladly share my profit and offer favorable conditions to sellers.
Besides, I have three interesting products that are almost ready for the
market. The introduction of the affiliate program will encourage me to
complete them and place them on the market. Introduction of the
affiliate program will allow users to distribute products not only on
the web site of my partners www.bot4you.biz
but also on many others (we cannot keep track of what web sites have
been used by some definite visitors, while it would be inefficient to
use some tricky means of sales protection, as the excellent market
mechanism already exists).
It would be nice to bind an affiliate to some definite product\signal
and generate an affiliate web link\widget with the ability to specify
payment for each affiliate. The offer can be public or private (if you
have created a product for a certain MQL5.com member). A public offer
can be accepted by any community member. Affiliate moves should be
"remembered" for some time (I think, one month is enough). To achieve
this, you may use not only browser cookies. The fact that a user has
activated an affiliate web link can also be stored on the web site
itself. That will work for registered users, of course. The payment for
affiliates should be made automatically. Partnership conditions can be
worsened only after one month from the moment the appropriate change has
been declared ("Change conditions" button) and the appropriate
notification has been sent to the affiliate (this period can be reduced
with the consent of the affiliate). If a user has several affiliate
links, the partner with the earliest link receives payment. It is also
necessary for an affiliate to see how often his or her web links have
been activated, as well as to view a sales report. Both types of data
should contain overall values and the values on definite products.
Particular attention should be paid to the affiliate program's ease
of use (registration - becoming a partner - receiving a web link\widget -
placing on the web site - making profit). As far as technical issues
are concerned, I believe MetaQuotes can cope with them without my advice.
Thus, the affiliate program sparked interest of signals providers and
Market sellers, as it allows them to do what they are good at, while
other MQL5.com members are engaged in promoting their products. Much
attention is paid by sellers to security issues and prevention of
possible fraud attempts.There are also those who are not yet
ready to participate in the affiliate program. They believe that good
products do not need promotion. Moreover, excessive advertising can
damage their reputation. Besides, some participants are reluctant to
expand their client bases by subscribers who will unsubscribe in a week
or two after failing to achieve desired results in a short time. Of
course, we respect their opinion.We, in turn, inform that the
affiliate program will be launched in the near future and the opinion of
sellers will certainly be taken into account during the program's
implementation. All the details concerning the program will soon be
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