Discussion of article "How to make $1,000,000 off algorithmic trading? Use MQL5.com services!"

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New article How to make $1,000,000 off algorithmic trading? Use MQL5.com services! has been published:

All traders visit the market with the goal of earning their first million dollars. How to do that without excessive risk and start-up budget? MQL5 services provide such opportunity for developers and traders from around the world.

Our Market of trading applications is the most popular online store of its kind in the world and has a monthly turnover amounting to millions of dollars. To date, dozens of Sellers have already made hundreds of thousands of dollars!


TOP 10 Market Sellers

Do you want to make $1,000,000 by selling trading robots? Then register as a Seller and publish your products in the Market!

Post a product in the Market



Author: MetaQuotes

 
What's that about?
 
Oh, cool! That's a little bit of data disclosure.
 
It is still unclear what algorithm method the platform uses to promote trading signals to the top, so that we can understand how to trade and how not to trade. So that there is no such thing as trading for several years normally, but the number of subscribers is zero.
 
As a self-promotion of MQ - this article is good, but to help authors to improve their performance it would make sense to give more detailed statistics on profitability by programme type, country, the most successful external sites for attracting clients (there are statistics on where people come from, conversion rate), etc.
 
Sounds good, but if you earn that much you are considered to be working commercially (at least in Germany). And unfortunately, you don't work with or support commercial businesses. This can lead to enormous tax problems for the "sellers" here. You have to think about whether you want that.
 

Thanks for the statistics!

You forgot to mention the prolific article writers (me included).

 
I realise that money doesn't smell. But in some situations, the verb "earned" should be replaced with a slightly different verb.
 
MetaQuotes:

Published article How to earn $1 000 000 in algorithmic trading on MQL5.com services!

Author: MetaQuotes

What a great deal! Congratulations to those sellers!
 
Stanislav Korotky:
As a self-promotion of MQ - this article is good, but to help authors to improve their performance it would make sense to give more detailed statistics on profitability by programme type, country, the most successful external sites for attracting clients (there are statistics on where people come from, conversion rate), etc.

Absolutely agree.

The yield distributions shown in the article are the exception rather than the rule, based on the purchase statistics available at the top of each product page. It ends up like the anecdote - some people eat meat, others eat cabbage, together they eat stuffed cabbage.

 

MQL5.com services are great, nobody disputes that. But the article simply introduces newcomers to the list of activities that can be used to earn money here, i.e. it is, in fact, aimed at attracting new sellers to the service.

Meanwhile, the title of the article: " How to earn $1,000,000 in algotrading? ...". I would really like to know the answer to this question.

to this question, i.e. how to promote your products?

And this question is extremely relevant, because, as it seems to me (but maybe I'm wrong), sales are falling sharply now due to the economic crisis, pandemic, political turbulence.

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