Outline of MetaTrader Market (Infographics) - page 3
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At least six months to show the work of the Expert Advisor on the account. During this time, the Market will outlive its time. And if the Expert Advisor does not trade? And if it is an indicator? And if it is a tool for manual trading, and if ... if ... if ...
Well, the Market is not just about EAs. We are not talking about trading support programmes, which include: indicators, panels, scripts/advisors for order support.
We are talking about EAs and only about EAs. You will understand everything if you don't hide behind abstract names and mesmerising infographics.
So, an Expert Advisor is bought for one purpose only - to increase your deposit - there is no other purpose. Beautiful perfect advertising, positive reviews alone create nothing more than an illusion. As a result of such a wonderful marketing activity -- drained deposit of the Buyer and a satisfied Seller. Would you say that the Buyer himself is to blame? But what about the fact that the Seller: didn't say enough, omitted, embellished the description of the Expert Advisor, filtered out negative feedback?
In addition, no one forces to limit the time of admission of the advisor to the sale. We are talking about nothing more than the right of the Buyer to receive objective and complete information about the purchased advisor.
p.s. reviews should be divided into two pages -- positive (4-5 stars) and negative (1-3 stars).
Well, there are more than just Expert Advisors in the Market. We are not talking about trading support programmes, which include: indicators, panels, scripts/advisors for order support.
We are talking about EAs and only about EAs. You will understand everything if you don't hide behind abstract names and mesmerising infographics.
So, an Expert Advisor is bought for one purpose only - to increase your deposit - there is no other purpose. Beautiful perfect advertising, positive reviews alone create nothing more than an illusion. As a result of such a wonderful marketing activity -- drained deposit of the Buyer and a satisfied Seller. Would you say that the Buyer himself is to blame? But what about the fact that the Seller: didn't say enough, omitted, embellished the description of the Expert Advisor, filtered out negative feedback?
In addition, no one forces to limit the time of admission of the advisor to the sale. It is nothing more than the Buyer's right to receive objective and complete information about the purchased Expert Advisor.
Andrei, but real-time testing takes a lot of time. All right, the Expert Advisor gave good results during the test period, for example, for six months. And then what? Next, the market allows you to publish it. Everything is beautiful, there is a report on trading, albeit on demo, but in real time. And what? Do you think it will show the same profit? Well, I waited for the best moment to enter the market (remember, 8000 quid in a month?), followed the trends for six months (because I waited for the first entry successfully), and then dumped it in the market with an awesome result. The buyer takes it, puts it in, but the entry is not successful, he reads the description diagonally, and for the same six months he walks +/- half-depo. No? Can't be?
But they have tightened the belts of sellers. The market hangs for at least six months while people are testing. And who but the creator of the programme knows the best places for a good start, where to suspend work, where to adjust parameters? Well, everyone will show good results. They will trade themselves (at the same time buyers could trade at the same time), and then ..., and then everything is the same as it is now ....
It is necessary to fight with dishonest advertising, with forgery, falsification, not with the products themselves. IMHO, of course.
Why impose any restrictions, such as a test period to allow an EA to be sold?
It is enough to:
a) to introduce a mandatory norm to put the Expert Advisor on the account (demo, real - it doesn't matter) (whether trading will be faked or not - also doesn't matter)
b) all drained accounts from trading the sold Expert Advisor should be available to view
c) prohibit deleting, withdrawing, correcting reviews -- perhaps it should be allowed to edit reviews only for the purpose of lowering the "stars" of reviews (and even here, after making edits, leave the corrected review available to read).
Of course, there's the main "it will kill the marketplace" argument. Well okay, but what about the Buyers? Market on hurrah infographics is great, but the consequences -- that's drained deposits. Drained deposits should, to some extent, be the responsibility of the seller as well.
Why impose any restrictions, such as a test period to allow an EA to be sold?
It is enough to:
a) to introduce a mandatory norm to put the Expert Advisor on the account (demo, real - it doesn't matter) (whether trading will be faked or not - also doesn't matter)
b) all drained accounts from trading the sold Expert Advisor should be available to view
c) prohibit deleting, withdrawing, correcting reviews -- perhaps it should be allowed to edit reviews only for the purpose of lowering the "stars" of reviews (and even here, after making edits, leave the corrected review available to read).
Of course, there's the main "it will kill the marketplace" argument. Well okay, but what about the Buyers? Market on hurrah infographics is great, but the consequences -- that's drained deposits. The seller should be responsible for the drained deposits to some extent.
a) The Expert Advisor works in the long term. It can wait for a month to enter a position. And hold it for half a year.
b) The seller has hundreds of Expert Advisors. A hundred separate accounts for each EA?
c) I completely agree with this point.
"...What about the buyers..." If a seller sells a bottle cleaner and a buyer hurts his arse with it, who is responsible?
"...What about the customers..." If a seller sells a bottle cleaner and a customer hurts his arse with it, who is responsible?
Artem, don't exaggerate.
An Expert Advisor is bought solely for the sake of putting it on deposit and increasing this deposit.
When making a decision to buy -- the buyer is guided by -- a) description from the seller, b) discussion of the product, c) reviews, d) demo version, e) demonstration in signals, f) tops in the Market section, g) sales hits on the Wall.
Here,"a) description from the seller" -- may be "washed out" by the seller themselves
"b) discussion of the product" -- can be cleaned up by the seller's appeal to the moderators of the resource.
"c) reviews" -- as it turns out, they are removed not without the seller's participation.
"d) demo version" -- I can't say here, as I haven't tried it -- but I know for a fact that not every buyer can use the tester.
"e) demonstration in signals" -- not all sellers make such a demonstration, but those who do, in the case of an account drain, access is closed
"f) tops in the Market section, g) sales hits on the Wall" -- we still don't know how they are formed.
Question 1: does the buyer have access to volumetric information?
Question 2: if the buyer has access only to ura-information, is it the seller's fault that the purchased EA drained the deposit?
Artem, don't exaggerate.
An Expert Advisor is bought solely for the sake of putting it on deposit and increasing this deposit.
When making a decision to buy -- the buyer is guided by -- a) description from the seller, b) discussion of the product, c) reviews, d) demo version, e) demonstration in signals, f) tops in the Market section, g) sales hits on the Wall.
Here, "a) description from the seller" -- may be "washed out" by the seller themselves
"b) discussion of the product" -- can be cleaned up by the seller's appeal to the moderators of the resource.
"c) reviews" -- as it turns out, they are removed not without the seller's participation.
"d) demo version" -- I can't say here, as I haven't tried it -- but I know for a fact that not every buyer can use the tester.
"e) demonstration in signals" -- not all sellers make such a demonstration, but those who do, in the case of an account drain, access is closed
"f) tops in the Market section, g) sales hits on the Wall" -- we still don't know how they are formed.
Question 1: does the buyer have access to volumetric information?
Question 2: if the buyer has access only to ura-information, is it the seller's fault that the purchased EA drained the deposit?
I agree with"green", it needs to be changed and improved.
d) Why did he come to the market with algotrading? By hand, by hand... Or first learn, then trade with an Expert Advisor. And then, damn, Vanya the fool is lying on the stove, and everything is cooking, feeding and dancing all around.... Miracles don't happen. Do you want an anecdote about "such a big man, but you believe in fairy tales..."?
e) Let me show you how I drive my V6 2.5 Camryuha.... I've been driving it non-stop for six years. We've been round the globe seven times.
My wife sat down, much neater, smoother and softer all the walls in the yard.... I thought she rode with me. She saw everything, knew everything. Now, of course, she'll give the standard bloke on the road a head start, but still...
Do you get the idea?
e) Well. all these tops and pops are just incomprehensible beasts, and for the sake of them to tear and throw....
Explain me one thing, maybe I don't understand something: why make sellers show the work of each of his advisors on a separate account, and even for a long time???? Well, if he has it - well done, an additional big plus to the product. If he doesn't - you can compensate with something else, a more complete and clear explanation, a manual for the product. Also very good.
I am against such unjustified restrictions and bans.
I repeat: it is not the product that needs to be fought, but the "unscrupulousness of product advertising".
Explain to me one thing, maybe I don't understand something: why do you make sellers show the work of each of their advisors on a separate account, and even for a long time???? Well, if he has it - well done, an additional big plus to the product. If he doesn't - you can compensate with something else, a more complete and clear explanation, a manual for the product. Also very good.
I am against such unjustified restrictions and bans.
I repeat: it is not the product that needs to be fought, but the "unscrupulousness of product advertising".
The only complete description of any Expert Advisor is a demonstration of its work on a real stream of quotes (demo/real play a role, but not essentially).
Only the work on the real stream of quotes can explain to the buyer whether the Expert Advisor is worth buying or not.
The purpose of buying any EA is to put the EA on the deposit and increase it - there is no other purpose.
If EA descriptions, discussions, reviews are moderated by the seller, then only the work of the EA on the real quotes flow is objective (even if the seller is "cheating", it is difficult to "cheat" for a long time).
You just have to read carefully what the buyer wrote in his feedback:
Just bought the indicator. signals are almost like a two moving average cross signals. bad result in range market and good result in trend market. seems impossible to make money with it.
2 days latter: Developer is asking me to remove my review because it's a negative review and bad for his business. I didn't reply him and now I understand why there was no any negative review for this indicator when I was going to buy it, He is convincing buyers to remove or change their negative reviews by giving back their money or if they are a programmer like me, by adding a negative reviews to their products to force them to change the review.
Mechanic We'll report you to the Meta Quote all your messages regarding this matter is in their database.and thanks for buying our product just to add a negative review at least we got back $12 of $30 that we paid to you.
Highlighted the key point:"The developer is asking me to remove my review because it is a negative review and bad for his business".
What cynicism by the Seller -- openly and unashamedly telling the Buyer, "don't interfere with my business".
The Market's rule of disclaimer is undoubtedly correct and cannot be otherwise due to the specifics of the financial markets:
6.1 Neither the Seller nor the Administration shall bear any responsibility for any direct or indirect losses from the operation of Products purchased through the Market service.
But so that this rule is not abused by Sellers -- must be on the part of the Resource must be respected all the rights of the Buyer to protect against tampering, filtering, bad advertising and description of product features.
If the Administration writes in the Rules:
1.10. Administration of the "Market" service performs only formal verification of Products for compliance with the functionality declared by the Seller.
-- and at the same time the possibility to clean up negative feedback from buyers is implemented -- and this possibility is successfully and actively used -- then a lot of questions and doubts arise.
The rights of Buyers/Subscribers/Customers should be primary, as their level of competence is many orders of magnitude lower than that of Sellers/Suppliers/Developers -- so the ability of Sellers/Suppliers/Developers to level their rights should be minimised.
p.s. By the way, I'm sure that if you limit the ability of Sellers to moderate "feedback" from Buyers -- the credibility of the Market will only be higher.
Also do not confuse -- Seller's business and selling their Products.
We are talking about selling products and describing/reviewing/discussing each particular product.
Of course, if some Buyer/Subscriber/Customer is throwing a tantrum against a Vendor/Supplier/Developer, that tantrum should not go beyond the specifics -- i.e., the discussion of a particular Product/Signal/Work.
Highlighted the key point:"The developer is asking me to remove my review because it is a negative review and bad for his business".
What cynicism from the Seller -- openly and unashamedly telling the Buyer, "don't bother building my business".
...1.10. The administration of the "Market" service performs only a formal check of the Products for compliance with the functionality declared by the Seller.
-- If you have a possibility to clean up negative feedback from buyers -- and this possibility is successfully and actively used -- then a lot of questions and doubts arise.
...Nah. Well, you're rubbing it in exactly what I agree with 100% of the time. Ai-yay... :)))
You explain to me on this point:
The only complete description of any Expert Advisor is a demonstration of its work on the real quotes flow (demo/real play a role, but not essentially).
Only the work on the real stream of quotes can explain to the buyer whether the EA is worth buying or not.
The purpose of buying any Expert Advisor is to put it on the deposit and increase it - there is no other purpose.
Look, do you see an aeroplane flying high in the sky? See that? Isn't that cool? Look how nice and beautiful it's flying. It'll get you wherever you want to go in no time. That's my plane. Watch it for a year or two. It's always in your sights, flying over your house. It turns around a few dozen times a day (it gets people both in and out very quickly). If you see it still flying back and forth over you a year later, just count how many people it has already transported. Buy it from me. Sit down and fly it yourself.
So what. I gave you a report on flights, on the stability of transportations by Bomzh Inc with xyz-154 for a whole year. Get behind the wheel and go ahead - by yourself now...
No. You're telling me exactly what I agree with 100% of the time. Ai-yay... :)))
Explain this point to me:
Look, do you see an aeroplane flying high in the sky? See? It's cool, isn't it? Look how nice and beautiful it's flying. It'll get you wherever you want to go in no time. That's my plane. Watch it for a year or two. It's always in your sights, flying over your house. It turns around a few dozen times a day (it gets people both in and out very quickly). If you see it still flying back and forth over you a year later, just count how many people it has already transported. Buy it from me. Sit down and fly it yourself.
So what. I gave you a report on flights, on the stability of transportations by Bomzh Inc with xyz-154 for a whole year. Get behind the wheel and go ahead - on your own now...
Artem, it seems that you don't trade -- and are completely unaware that beautiful curves of continuous balance growth -- which are in the description of every Expert Advisor seller in the Market -- become a "flop" if you run the same Expert Advisor on a real stream of quotes.
If you do not demonstrate the work of an Expert Advisor on a real quote flow, you can "sell" anything in the Market.
But if you are obliged to demonstrate it, you will not be able to "sell" it.
You can say that you can't see if it's an Expert Advisor or if the Seller himself is manually "chemising" - it doesn't matter - an extremely small percentage of market participants are able to trade at break-even not only for years, but even for weeks.
It doesn't mean that you should forbid to sell a leaked EA, but the Buyer should know about it and not be under any illusions.
I have not seen a single EA in the Market where the seller himself has written in detail about the EA's problems.
I would like to know the statistics on the countries of sellers and buyers.
Is there any point in translating the product description into a language other than the original Russian?