Is it worth it anymore to sell EA's and Indicators?
Is it worth it anymore to sell EA's and Indicators in this AI age?
It is an absolutely natural question, understanding that AI has the potential to program almost anything, but on its own it doesn't do it you have to tell it what to do. And if the majority tells it to do the same thing everyone else does (EMA crossover, Overbought/Oversold detection, etc.), then it becomes normalized for anyone to create their own EA. But when you are looking for new figures, a profit factor greater than 1.5, a win rate greater than 85% with a strategy that uses a stop loss, a Sharpe Ratio above 1.5, a combination of multiple strategies on the same instrument, and meticulously thought out diversification, we enter a terrain that AI cannot enter on its own; it needs the guidance of an expert. And that is where selling an Expert Advisor makes sense.
What AI does is raise the level of demand and quality of Expert Advisors; parameter optimization requires constant supervision because no matter how automated things get, there is always something that stops it. Perhaps in a short time it will be better automated, but human accompaniment is still necessary to achieve professional results.
That is why I vote that YES, it is worth selling EAs and indicators, but with a higher degree of quality making something that anyone cannot do, even if they use AI.
It is an absolutely natural question, understanding that AI has the potential to program almost anything, but on its own it doesn't do it you have to tell it what to do
Amen to that. A certain amount of trading experience is required to be able to describe what exactly you want from the AI Assistant. "If you can't frame the question, then you can't get the answer that you want" (some law professor who I can't remember, 1998). If a trader actually wants to be able to inspect and/or edit the AI Assistant's work, that is certainly better than flying AI's de facto black box aircraft. In that case, the trader needs some coding experience.
Even having several decades of trading experience, I never adopted AI until Metaquotes integrated it into MT5. Presently, it takes me about 2 workdays to complete a complex MQL5 service or EA. Most projects involve multiple sessions, AI assisted edits, and project versions. Having said that, such complex projects would probably have taken me a week or more without the AI Assistant.
At my own risk of being Captain Obvious, mastery of the plain language in which the trader is typing is key.
It's not all sunshine and roses, but learning some things from the AI Assistant is better than throwing money at strangers on the internet. A trader will eventually learn something from that, I suppose.
Nothing changes for now. The advantage was, and still is, finding an edge. If you already had one, hiring a freelancer would have been enough.
AI alone doesn't provide a market advantage unless it's specifically trained to do so, and that kind of technology isn't yet accessible to everyone.
What changes is the workforce: when machines took over industries, those most affected were the people doing manual labor, not those using their knowledge, skills, and resources.
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