Scam EAs in Market - page 3
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We are not debating whether it is possible or not possible. Obviously there are always ways.
But understand that when I make a statement it is based on the download of a product from the Market of an average customer without knowledge that in many occasions doesn't know how an EA works, let alone how to download a *.csv, etc.
If you had a bad day don't take it out on others. Some of us are in the business of informing, not of making a point about everything that others say.
It is not a question of more or less knowledge (I don't know yours, nor do you know mine). If you think you are better than someone because you misunderstand something, maybe you have a problem.
You are the first one who attacked said that I'm talking about things that are not possible. I just prooved that it's possible and explained how. You talked about time filter (??) and DLLs, both of them really far from what I talked about.
The proof of this is that 99% of Market products with news filtering are by external call and not by *csv download. Why is that? Because the developer is not interested in this analysis in the strategy tester. Only that in the future on live accounts of clients there will be no trades, which will cause a visual fantasy when the client will not get the same returns in the medium/long term. That for me is the real scam.
We are not debating whether it is possible or not possible. Obviously there are always ways.
But understand that when I make a statement it is based on the download of a product from the Market of an average customer without knowledge that in many occasions doesn't know how an EA works, let alone how to download a *.csv, etc.
If you had a bad day don't take it out on others. Some of us are in the business of informing, not of making a point about everything that others say.
It is not a question of more or less knowledge (I don't know yours, nor do you know mine). If you think you are better than someone because you misunderstand something, maybe you have a problem.
You are the first one who attacked said that I'm talking about things that are not possible. I just prooved that it's possible and explained how. You talked about time filter (??) and DLLs, both of them really far from what I talked about.
I am a programmer and I also originally intended to create an EA following the NeuralNetwork model. And also realize that it is possible to generate a Backtest result based on past data, just like the author of this post said. And I stopped how to handle data like that. It is quite possible to create an Array of Data Structures to save instead of exporting a .csv file easily, in other words there are many ways to fake Backtest results. The developer even built-in Array of Processed Data, creating a Fixed Array encoded in the file ex4/ .ex5 . I also completely agree that the above practice is deceptive and immoral. This will certainly bring negative results to the user, even their fate will become worse. We should appreciate this. Thank you for your good work
I thank you for the clarification, but it nevertheless reinforces my earlier comments about the inviavility of a "real" news filter.
Personally, I have never been a big fan of news filters for this very reason, I have always considered them to be a hoax or a fantasy. I prefer to focus on how to profit from them and not try to fight them.
Lastly, people should also be aware that there is news that is not on a macroeconomic agenda.
Edit: I still remember when the Swiss central bank came out one morning and announced that it was going to intervene in its currency. Many brokers fell that day....
I thank you for the clarification, but it nevertheless reinforces my earlier comments about the inviavility of a "real" news filter.
Personally, I have never been a big fan of news filters for this very reason, I have always considered them to be a hoax or a fantasy. I prefer to focus on how to profit from them and not try to fight them.
Lastly, people should also be aware that there is news that is not on a macroeconomic agenda.
without a doubt, there are many dodgy brokers out there, but we are not allowed to discuss them, meh..
I'm gonna post some counter arguments here :
If i over optimize an ea with a genetic algorithm and i publish it , what is the difference of optimizing the ea with a neural network (i mean actually optimizing the neural network in the ea) . I can overfit on both cases . The tester is a genetic algorithm . So , should optimized eas be banned because people may be tricked ?
I believe that among the authors that deliberately found the "trick"....
The trick :
...there are authors that accidentally are sitting on a slight overfit which works for a while and are unaware of it.
So there's vendors who actually think they found the holy grail .
Now here is the difference between those people and scammers . The ones above that have some wind in their sails ,when they realize that it was not the holy grail they may actually care about their customers and increase their efforts try to learn more things , and with a bigger budget they can now hire someone else to guide them around some concepts.
The news filters values are dead wrong sometimes , but most are using it for avoiding high risk events so ...
Edit :
Forum on trading, automated trading systems and testing trading strategies
Scam EAs in Market
Dmitry Zhakov, 2023.07.25 10:34
I recommend to MetaQuotes to hold the money after the client purchases any product for at least 3 months. And if no complains from client, then release the money to the seller. Otherwise to refund the money to the client. This will push away scam EA sellers.
In this time, the client can test the product and see of there is something wrong.
Why do you interpret that the use of AI in an EA is obligatorily linked to ChatGPT?
Beyond ChatGPT, AI has been used for several decades to a greater or lesser extent.
We have been using neural networks, deep learning, etc. for decades, and they are all AIs.