I want to offer my indicator for rent on the market place for other traders to use. More specifically I want that traders who rent this indicator pay a monthly rental fee and at the end of the month the indicator stops working and they have to renew the subscription to carry on. I also want to limit it to 1 account only. So each subscription will only activate 1 account.
I have already built within the indicator a security feature that has an account # restriction and a time restriction. So i could possibly give it to anyone to use directly. But I want to sell it through MQL5 and have the following questions:
1) How does MQL5 make sure that the indicator stop working after a month?
2) How does MQL5 make sure that the indicator only works on 1 account?
Can anyone please advise,
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And I think - you will need the following information for example -
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Eleni Anna Branou, 2017.05.17 18:23
Thank you. I have gone through these but could not find my answer. As an example, if i become a seller and list my product, Person X comes and rents it from me for $50/Month. At the end of the month, who will stop the indicator from working? Will MQL5 insert the code to do this or will i have to do it to the product and then list it?
If I am wrong so sorry (the experienced sellers will correct me) but I think that you do not need to do anything. Because your client is downloading your indicator from MQL5 Market so MQL5 will take care about everything.
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Sergey Golubev, 2017.07.17 07:56
Buy the tools in the market - activation
How to buy a Trading Robot in MetaTrader Market?
Everything starts with the Activation in the Market. When you buy a product you do not actually get the product itself but the right to use it an unlimited number of times, but on a limited number of computers. This parameter is set for each paid product individually and it is disabled for free products.
After one activation you can use the product on a computer without any restrictions. You will not be able to download the copy of the product on another computer. If you installed the file manually, you will not open it either. Number of activations can be found on the page with a detailed description of the product in the column with its specifications (described above).
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Sergey Golubev, 2016.09.29 12:36
If it is about the Market so the buyer can use EA according to the number of the activations which are linked to the PC and OS:
Rules of Using the Market Service -
So, 1 activation = unlimited using on 1 PC (one particular computer - hardware) with one OS (Operating System, for example - with Windows 8.1).For example, if I buy your EA via the market with 1 activation so I can use it on one my PC only with my OS (Windows XP for example) only. And I can not use EA on the other computer, and I can not use EA with same computer with different OS. So, this is the protection: even if someone can get your EA remotedly (from you or from the buyer) so he/she can not use it: he/she have to buy this EA with the activation fro the market (from you for example).
Product Activation Question
Stuart Browne, 2015.03.06 11:32
The activation number is the number of different PC's you can use the product on with one license, not how many times it's been downloaded. It's a common misconception :)
As Alain said above, you get one activation per PC, regardless of the number of accounts you are running on that PC. So if the product shows 5 activations, you can use it on 5 different PCs under the MQL5 login account you purchased the indicator or EA on.
By the way, I never sold anything from the Market so I do not have personal experience with it.
I think, the experienced seller may clarify nd explain more.