Protect Yourself from Scammers: Tips for Purchasing EAs on MQL5 Market
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1. Be wary of EAs that are only available for MT4, as scammers may have coded them in a way that makes them perform well on the MT4 backtester but not in real-life trading. Look for versions that are available for both MT4 and MT5, as this indicates that the EA has been coded to perform well on both platforms.
2. If a seller refuses to provide a demo for forward testing or offers the EA only for MT4, it's likely that they are a scammer. They know that the EA will perform poorly in real-life trading and are trying to avoid being exposed.
3. Avoid sellers who sell multiple EAs, especially if most of them are for the same market. These sellers are likely running a copy-and-paste operation, where they sell the same EA under different names with only a few parameters changed.
By following these tips, you can avoid falling victim to scammers on the MQL5 market.