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If an EA Is Truly Profitable, Why Sell It? - page 6

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We also must consider the natural cycle of strategy development and EA coding. Rarely, if ever, does a coder set out to code a profitable EA and then successfully does so right away. In reality, a heap of junk code, or mediocre code at best, is initially developed. If repeated attempts to refine such code are, in and of themselves, mediocre at best, the EA is relegated to the scrap pile even though the coder spent hours, days, or weeks in development... unless the coder happens to be a Seller. Just work up some fancy cover art and a description with AI─boom! Lipstick on a pig. The scam turns wasted time into sale proceeds. It's no wonder that some Sellers have dozens of EA's for sale.

And of course, the Seller's real deal profitable EA remains private... if it even exists.

I"ve been in touch with an EA developer over the last few months (his EA is doing about 2-3% a day reliably since I started using it). I asked him the same question and he told me that this is his full time job. Answering questions, marketing it, improving the EA (he pushed out a new update almost every 2-3 weeks) - it's a full time job. Selling the EA is like a startup going to a VC and asking for funding.

Honestly, I understand this concern. If I were a buyer, I would probably ask the same question.

As an EA developer and seller, I see developing and selling trading systems as a business in its own right, just like developing any other software.

Trading and software development are two different fields, and you can pursue both without one replacing the other.

Personally, I don't believe developers have to choose between trading their own capital and selling their work to others. Everyone has different goals, business strategies, and plans for the future.

At the same time, I completely understand why buyers are cautious, because purchasing a trading system is a decision that deserves careful consideration.

Ultimately, I don't think selling an EA should automatically be a reason to distrust it, just as being a skilled developer doesn't necessarily make someone a successful trader. They are two different skill sets, even though they are closely related.

You know why?  Because whenever I develop strategies and code a bot that performs well, my first thought is to share it with others.

I want to help people improve their financial situation and have more opportunities in life. I also want to help those in need, including homeless people. It honestly hurts to see people working so hard just to make an extra $1,000 and build a better life for themselves.

That's why I believe that when we create something valuable, we have a responsibility to share it with others. If we have the knowledge and ability to build something that could help people, why keep it to ourselves?

For me, it's not just about programming bots or making money. It's about using what we know to make life a little easier for others. I believe sharing what we create and helping people have better opportunities is simply the right thing to do. 

That’s why I want to share my best bots with everyone here. 

Parivash #:

You know why?  Because whenever I develop strategies and code a bot that performs well, my first thought is to share it with others.

I want to help people improve their financial situation and have more opportunities in life. I also want to help those in need, including homeless people. It honestly hurts to see people working so hard just to make an extra $1,000 and build a better life for themselves.

That's why I believe that when we create something valuable, we have a responsibility to share it with others. If we have the knowledge and ability to build something that could help people, why keep it to ourselves?

For me, it's not just about programming bots or making money. It's about using what we know to make life a little easier for others. I believe sharing what we create and helping people have better opportunities is simply the right thing to do. 

That’s why I want to share my best bots with everyone here. 

Well said, Parivash!

However, self-promotion and soliciting PMs are prohibited here.

Want to build a reputation? Share your code, post your results on your Wall or Blog and let the community judge. We'll be happy to see it!

Hello @Lei Zhai,

Im coming from the buyer side.  You can't know the seller's reasons, and there are honest ones, @Abderrahmane Benali described them well.

What you can check is whether the EA does what the seller shows. For me that's mainly two things:
1) is there a live signal over a longer time,
2) does it match the seller's own backtest for the same months.

If the backtest is much smoother than the live account, thats your answer, whatever the reason for selling is.

@Shen Heng  one thing I'd look at in your case: an update every 2-3 weeks means the EA you run today is not the one that made the results you saw. And 2-3% a day compounded would turn 1,000 into over 100,000 in a year, so I'd ask how much of the account is really at risk on a bad day. ;)

Best regards,
Chris

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