EA market places

New comment
 

Hi administrators of MQL5 website,

I find that credibility of mql5.com acting as intermediary on EA marketplaces could be tightened for the scope of not letting many sellers screwing up continuously others... and you as admins, helping for transparency, sincerity, etc...

Sorry in advance for my posts, but illusions on this site are too high, and I find it somehow insane. MQL5 admin does not care at this step of this mess, they even profit of their commissions on the back of the screwed up buyers in tons...

Buyers are always in search of the holy EA, even if it is not exist without much chance, optim, and so on. None of them can last in a chaotic markets, whatever you do (proof is that no live signals exist for years with a consistent and constant perf !)

Backtesting as a supposed promise of being same as shown with REAL accounts.... which is far from being a 100% deduction, only 50% will act as in backtest probably....

When I see sellers, that begins selling new EA repeatedly, how long they are here ? (how much they know about trading, more than dev job ?!, no explanations anywhere for most), it sounds like all crash down after few weeks, or months, they delete all regarding EA, they repackage another EA name, re-optimize, and re-begin selling...

The worst is their bloody announcement that EA is cheap, and price wil increase quickly, pressing and manipulating buyers (admin of site can't do anything about it, but, we can say that is smells unsane persons). Anyone wishing increasing price can do it, but don't announce it, and increase it...

There is one seller which sounds to me an example of trueness (see user Thi Thu Ha Hoang, and read the description carefuklly, I think that this is best can do a seller : <link to the Market product was deleted by moderator>)

All my critics :

- Most ea are done with overfitting, and most don't have a verified signal. A big warning should appear if seller dont' have at least published a demo account with 3 months trades, a badge should be created where msql admin testify that EA has a published signal. If signal is LIVE, another better badge. I'm wondering if this is not illegal in Europe, to not help buyers being in confidence...

- Comments can be done only if we buy EA, this is absolute perverse, and we can do pre-sales questions with sellers, I'm wondering if this is not illegal in Europe...

- search filters of marketplace could be dramatically improved with criterion of presence of live signal verified by MQL5...

Thanks for attention, I hope tha tmy post will contribute to awareness, and make the EA marketplaces more transparent, so that buyers can exclude of sellers of illusion

Documentation on MQL5: Constants, Enumerations and Structures / Environment State / Account Properties
Documentation on MQL5: Constants, Enumerations and Structures / Environment State / Account Properties
  • www.mql5.com
To obtain information about the current account there are several functions: AccountInfoInteger() , AccountInfoDouble() and AccountInfoString() ...
 
 I am posting it all the time on the forum during the many years (it is about Market products but it is same for the Signals and for Freelance as well):

Forum on trading, automated trading systems and testing trading strategies

...

Sergey Golubev, 2021.01.14 09:18

  • If you bought the product from your friend or from your relative or from very active user on this forum so you can fix anything related with the seller who is responsible about what he is selling (and because you both know each other for the long time).
  • But if you bought something from "anyone" just because of have a lot of money so - sorry: it is your risk, and this risk can not be turned to anyone else.

----------------

I am posting this suggestion all the time on the forum. It is related to the Signals, the Market, and to the Freelance as well - 

Forum on trading, automated trading systems and testing trading strategies

...

Sergey Golubev, 2020.01.16 06:35

There is one rule which some people follow:
subscribe to the signal or create an order in Freelance or purchase the product from the user/seller/coder/provider you know in person or you know by activity on the forum.

Because if you purchased something so I may ask:
"Do you know the seller in person, or you are familiar with him on this forum?"
If you say: "Not" so it will be very strange case for me ...

Just my optinion.

----------------

There are a lot of professional and honest users/coders on the forum, and some of them are very active on this forum helping to the other people and replying on the forum posts/requests.

Always choose the person you know in this forum (who is very active here), and you will have less problems with anything.

Just my opinion sorry.



 
John Carne:

Hi administrators of MQL5 website,

I find that credibility of mql5.com acting as intermediary on EA marketplaces could be tightened for the scope of not letting many sellers screwing up continuously others... and you as admins, helping for transparency, sincerity, etc...

Sorry in advance for my posts, but illusions on this site are too high, and I find it somehow insane. MQL5 admin does not care at this step of this mess, they even profit of their commissions on the back of the screwed up buyers in tons...

Buyers are always in search of the holy EA, even if it is not exist without much chance, optim, and so on. None of them can last in a chaotic markets, whatever you do (proof is that no live signals exist for years with a consistent and constant perf !)

Backtesting as a supposed promise of being same as shown with REAL accounts.... which is far from being a 100% deduction, only 50% will act as in backtest probably....

When I see sellers, that begins selling new EA repeatedly, how long they are here ? (how much they know about trading, more than dev job ?!, no explanations anywhere for most), it sounds like all crash down after few weeks, or months, they delete all regarding EA, they repackage another EA name, re-optimize, and re-begin selling...

The worst is their bloody announcement that EA is cheap, and price wil increase quickly, pressing and manipulating buyers (admin of site can't do anything about it, but, we can say that is smells unsane persons). Anyone wishing increasing price can do it, but don't announce it, and increase it...

There is one seller which sounds to me an example of trueness (see user Thi Thu Ha Hoang, and read the description carefuklly, I think that this is best can do a seller : <link to the Market product was deleted by moderator>)

All my critics :

- Most ea are done with overfitting, and most don't have a verified signal. A big warning should appear if seller dont' have at least published a demo account with 3 months trades, a badge should be created where msql admin testify that EA has a published signal. If signal is LIVE, another better badge. I'm wondering if this is not illegal in Europe, to not help buyers being in confidence...

- Comments can be done only if we buy EA, this is absolute perverse, and we can do pre-sales questions with sellers, I'm wondering if this is not illegal in Europe...

- search filters of marketplace could be dramatically improved with criterion of presence of live signal verified by MQL5...

Thanks for attention, I hope tha tmy post will contribute to awareness, and make the EA marketplaces more transparent, so that buyers can exclude of sellers of illusion

I 100% agree with you! I believe these practices drive away the eventually good, true and reliable sellers with really safe and profitable EA's.

It's funny how your product's rate can be lowered just because you use some emojis on the description of your product, but EAs can be sold with these "price will be increased" practices and with no proof-test signals.

I believe there should be a condition where the EA could only be sold in the Metaquotes Market after having at least one year of live real account signal proof showing it's at least safe or a "badge" like you said or the EA could only receive the 5 stars review after having one year of live signal, some kind of solution similar to these. I think this should be top priority for the admins and devs of the Metaquotes company and marketplace.

New comment