There is some kind of unfairness in the payment system in MQL market. Everyone pays the same for a product disregarded how much he benefits from it.
From a Buyers view:
Buyer A has an account loaded with 5000 USD. He buys an EA for 500 USD. He makes a profit of 20%. Related to his account that is 1000 USD. He is fine in the end as he made a net profit of 500 US.
Buyer B has an account loaded with 1000 USD. He buys the same EA for the same price of 500 USD. He makes the same profit of 20%. Related to his account that is only 200 USD. He is not fine at all in the end as he made a net loss of -300 US.
The Seller would have either one satisfied and happy customer and one that is not satisfied at all. Or he would have that one happy customer and no second one because the second one did not buy due to his small account. Both cases are not optimal. In the first there is a customer that has a bad experience and may make bad mouth propaganda about it. In the second case there is a potential customer that did not buy.
Same as from a Sellers view as MQLs profit is dependent from the Sellers profit. And MQLs success depends from the Sellers success and from the buyers Success.
I am writing that because I want to offer a trial version of my EA for 10 USD rent per month for accounts smaller than 100 USD. I have written that EA to trade with really small accounts including a sound risk management. The EA is worth to pay a lot more as the risk management is working with big accounts, too of course. That means big profits for big accounts. And that means I cannot offer the EA to everyone for the same price. My question to offer the EA as a trial version and as a full version was denied by the service desk because no limitations about balance are allowed.
That is a restriction that should be reconsidered as it denies a lot of trading potential. For Buyers, Sellers and MQL.
Envelopes or channel lines are set parallel to the Moving Average (to the slow MA if you use two MAs). The two channel lines must contain approximately 95% of all prices for the past two or three months on a daily chart, with only the extremes protruding outside. Channel lines provide attractive profit targets - sell longs near the upper line and cover shorts near the lower line.
The AutoEnvelope is a custom indicator - an original tool that automatically selects channels width by calculating a
This indicator has been created by a former hedge-fund employee and it automatically identifies when a divergence occurs between price and an oscillator. It can identify both bull and bear divergence and it is pre-loaded with four of the most popular oscillators. You can choose from RSI, MACD, Stochastics and CCI.
Remember: When a divergence occurs, it means that price and momentum are not in agreement. And divergence signals are widely used by institutional traders to identify potential revers
Veno EA MT5 is a safe and fully automated medium-term trading robot.
The EA does NOT use hedging, martingale, grid strategies, arbitrage, etc.
Veno Expert System MT5 automatically monitors the appearance of participants with distinct preference towards buying or selling on the market. Trades are conducted on sharp cluster and news based movements of the market. The robot analyzes the market volumes and volatility, and follows strong supply and demand movements. It smoothly sets breakeven level
FXG_Info – the most important data in one place.
MetaTrader 5 Indicator FXG_Info provides basic statistical information about a particular currency pair. So that in combination with a chart representing currency price it is easy to determine whether the current situation is good for trading. And when you open a position it will clearly show you the current data such as SL, TP, RR. You are not limited to currency. You can use any market which is provided by you broker.
The following information
This Indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With only ONE chart you can read Currency Strength for 28 Forex pairs! Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity?
USER MANUAL: click here
Arrows in sub-window to show strong currency momentum GAP will guide your trading! Warning signs
This is a special edition of the On-Balance Volume indicator based on pseudo-real volumes emulated from tick volumes. It calculates a near to real estimation of trade volumes distribution for Forex instruments (where only tick volumes are available) and then applies conventional OBV formula to them.
Volumes are calculated by the same algorithm used in the indicator TrueVolumeSurrogate. The indicator itself is not required but can be used for reference.
OnBalanceVolumeSurrogate is also availabl
Auto Trade Driver is an automatic powerful tool (run as Expert Advisor) that helps you to manage risk and control orders and maximize your profit in multi-protect/trailing-stop rules.
This tool is very useful for both scalpers and trend followers. It not only calculates the trade risk exactly, but also protects and maximizes your profits in real-time.
With this tool, the only thing you have to do is to enter trade by your own strategy, then it will auto-drive your position with exit strategy y
Easy Order is an Expert Advisor allowing you to enter any type of trade with one click based on your RISK preferences.
You can choose to enter a trade and automatically calculate your lot size based on how much of your account you want to risk. Risk is calculated based on your Stop Loss placement. You can use a fixed lot size if you don't want to use risk based calculation of lot size. Your previous setting of risk based or fixed lot size remains saved for your next use of this Expert Advi
This is a half scalping system that analyzes the market using a transmission function. The system can be scalping or not depending on the "takeprofit" and "stoploss" parameters.
This Expert Advisor is intended for trading on EURUSD, however it can work on other currency pairs. You should use timeframe M1 for trading.
You should optimize only two parameters: Seconds_to_move and TradePrice. It is sufficient to optimize Bobra Adept only once, for example, for a half year period. After that, Bobra
Support and Resistance are the important price levels to watch out during intraday market. These price levels are often tested before development of new trend or often stop the existing trend causing trend reversal at this point. Highly precise support and resistance are indispensable for experienced traders. Many typical trading strategies like breakout or trend reversal can be played well around these support and resistance levels. The Precision Support and Resistance are highly accurate suppo
PipTick VSA is based on the original Volume Spread Analysis method. It was designed for quick and easy recognition of VSA patterns. Even though this indicator looks very simple, it is the most sophisticated tool that we've ever made. PipTick VSA indicator is a really powerful analytical tool that generates very reliable trading signals. Because it is very user friendly and understandable, it is suitable for every type of trader, regardless of his experience.
What is VSA?
VSA - Volume Spread An
Safe Automatic is a safe MetaТrader 5 trading robot working autonomously on a VPS server. The good results are achieved on EURUSD.
The EA applies modified versions of a trend-following strategy, half-pyramiding, scalping, Elliott Wave method and speculating trading with a deposit protection. The EA switches the strategies automatically. The robot does not trade at night from 10 p.m. to 4 a.m. (server time).
The robot was tested in the special tester on real ticks. Empirical e
The economic calendar is made in the form of an Expert Advisor that downloads the data from one of the most popular Forex sites (forexfactory.com/calendar.php). The data is presented in two ways. The first (primary) is represented as icons with detailed information about the event. The second is displayed as a line with a news description. Economic Calendar downloads published news in real mode with the possibility to adjust the spacing of data validation and user-friendly customizable graphical
Murray's levels are the most popular support and resistance levels among professional traders. With them, you can easily determine where the price is consolidating and where there is a breakdown of this consolidation. 13 levels have a special role in the price passage. Before you start trading with the help of Murray's levels, be sure to read what these works are based on.
NumBars - number of bars for calculation of the levels (default value - 64, professionals use 200) BackBars
The indicator is intended for determining the spread and swap size, the distance for setting stop orders and stop losses from the current price allowed and the risk per 1 point in the deposit currency.
The indicator informs a trader about possible additional expenses and profits connected with transferring a position to the next trade session of the financial instrument. It also informs about the spread size and the distance of pending orders, stop loss and trailing from the current price. In a
This trading panel has been developed for fast and comfortable operation of the financial markets. It is equipped with the necessary functions for manual and semi-automated trading. Due to the presence of the order trailing feature, trailing stop and automatic closure by equity, profit, time. You can use it to automate your trading system. All you have to do is open a position and set the parameters for maintenance, everything else will be handled by the EA. If you want to limit your losses, set
The script is intended for automatic placing of Sell Stop pending orders, Stop Losses and Take Profits on the user specified levels. This script is not that useful as "Virtual pending buy stop", since short positions are opened as Bid price crosses the levels. Thus spread widening is not dangerous. Nevertheless, you need to have this script to prevent unwanted hitting of the Stop Loss levels.
Automation of the process of placing the Sell Stop pending orders, Stop Losses and T
This is the Famous Timing Indicator
You can now use the most famous Timing indicator on the planet.
Millionaire Mostafa Belkhayate earned his reputation by using this specific indicator to validate the entry signals supplied by his also famous Center of Gravity indicator on the Forex market. I spent hours, days, weeks to decrypt the formula and now it is finally available to you.
New and Unique for MetaTrader 5
Timing will give you perfect validations for your entry signals. It is the first
PZ Lopez Impulse indicator evaluates volatility and price directionality simultaneously. It is an extremely easy to use indicator.
The blue histogram represents the bullish impulse The red histogram represents the bearish impulse The gray histogram represents the current volatility The moving average is the average volatilityThe trading implications are straightforward.
You can buy when the bullish impulse exceeds the average volatility (blue histogram > moving average) You can sell wh
This indicator provides tick volume delta analysis on M1 timeframe. It monitors up and down ticks and sums them up as separate volumes for buys and sells, as well as their delta volumes, and volume clusters on price scale within a specified number of bars. This indicator is similar to VolumeDeltaMT5, which uses almost the same algorithms but does not process ticks and therefore cannot work on M1. This is the reason for VolumeDeltaM1 to exist. On the other hand, VolumeDeltaMT5 can show its signal
This software has no equals in the world and represents a universal trade "console" covering trading signals, automated market entry, setting of Stop Loss and Take Profit, as well as Trailing Profit for multiple trades at the same time in a single open window. Intuitive control of the Expert Advisor in "three clicks" ensures a comprehensive use of all its functions on different computers, including tablets PCs.
Interacting with additional signal indicators that mark the chart to give a real mar
Active Lines - a powerful professional tool for operations with lines on charts. Active Lines provides a wide range of actions for events when the price crosses lines. For example: notify, open/modify/close a position, place/remove pending orders. With Active Lines you can assign several tasks to one line, for each of which you can set individual trigger conditions, as well as conditions for re-activations and the number of possible activations.
Active Lines helps you easily organize various tr
Cluster analysis of volumes is now available in MetaTrader 5!
The YuСlusters indicator is a professional tool for analyzing the trading volumes. The cluster graph is plotted based on tick data. For the exchange financial instruments these are the volume, type and price of a deal. For the Forex instruments - the real or tick volume (depending on the broker) and Bid price.
There are 6 criteria of cluster generation:
Time interval, the criterion is set in seconds. Price range, the criteri
The script is intended for automatic placing of Buy Stop pending orders, Stop Losses and Take Profits on the user specified levels.
Avoiding unwanted entering a long position in case of false hitting the level as a result of widening of the spread by a dealing center. Avoiding unwanted triggering of a Stop Loss in case a quote pierces a significant level (fractal) without further confirmation with the close price. Setting a necessary virtual order and entering the market in
S2 Trend At Wavelet is designed to eliminate the noises on the Price Chart. A clear picture of the market flow will be seen due to the elimination of the unnecessary variations on the chart.
Capabilities of S2 Trend:
Chart End could be shifted to any desired point by Market End Line; A desired Scale could be used by selecting Scale Menu and the result will be shown on the chart; A separate diagram on the Main Chart could be shown by using Chart window's check box; Graphical representation
Three variables are available for every strategy, any one of them can be disabled, their period can be changed.
type_order=ORDER_FILLING _FOK - order filling type.
ReverseTrade=false — trades opens in reverse direction if true. ExitOnBar=true — trades close on each bar only. spreadcover=false — Spread you pay includes in profit trades. It's like trade with zero spread but you should remember that it can decrease exact match between tester's result and live one. It
The fractal analysis of the markets is used in the indicator operation algorithm. According to the fractals theory, after the breakthrough of the fractal level confirmed by the closing price located below or above the fractal, the trend wave in the direction of the breakthrough starts to develop. Until the fractal has been passed in the opposite direction, the trend is considered to be acting even if the price is flat or moves backwards. If a bullish fractal has been previously broken through on
FULL Automatic is a fully autonomous trading robot for MetaТrader 5 without configurable parameters.
It is similar to SAFE Automatic robot intended for traders having no knowledge of trading basics. It works in Low, Medium, High and Extremal trading modes.
The EA applies modified versions of well-known strategies, including Elliott waves, following a trend, half-pyramiding, scalping, speculative trading with a double deposit protection. The EA switches the strategies automati
Fast Copy MT5 allows you to copy trades between different MetaTrader 5 (netting)(hedge) and MetaTrader 4 accounts in any direction and amount, quickly and easily (without loading the system).
Any type of copying is available
MT4 → MT5 MT4 → MT4 MT5 → MT5 MT5 → MT4
* For the MetaTrader 4 terminal — Fast Copy MT4
* For the MetaTrader 5 terminal — Fast Copy MT5
** Before the purchase, you can test the program by downloading the free demo versions — Fast
Robust median Renko style indicator for creating custom charts resembling Median Renko, Mean Renko, Turbo Renko and Better Renko candles as well as vanilla Renko with wicks plus PointO charts. This all in one package provides all of the signals needed by day traders, scalpers and even long term traders.
The indicator is an overlay on the main chart so it is possible to utilize one-click trading and order manipulation directly on the custom charts. Visual order placement is a
Hi JTUnfortunately you forgot Buyer C. They would make up the majority of the buyers:
Buyer C has an account with 5000 USD. He wants to buy products cheaply so he withdraws most of his money from his account before purchase, gets an EA super super cheap, then transfers his money back in.
How would you protect the seller from this behavior? Don't get me wrong, I applaud the sentiment of your idea. Just not sure how it could be implemented without people taking advantage of you.
thank you for sharing your thoughts about it. I hope some others will follow and write what they think.
It is possible to code the EA in a way that it stops trading when balance has reached a predefined value. So Buyer C cannot work around the limitation.
I got a pm:
1) Lite EA - Cheap and cheerful. Only dealing with fixed smaller
risk, 3 orders per day max,..etc. With most settings made permanent.
Folks can buy this to try out if this is good enough for them, or it
could be the stepping stone to get the next full priced EA. This is
usually suitable for smaller acct too which doesn't have capability to
take more deal and risks as the runway is kinda limited. Without much
option to tweak the setup, you will not be able to provide them with
update to .set file.
2) Unlimited EA - a pricier EA with all
settings tweak able by the buyer. You can continue to provide support
and update the .set file with the latest trend.
That is another, good way of create a light version of an EA and a full version. The limitation mentioned are not be prohibted, are they?
Hi mateYou're very welcome, glad to join the debate and thanks for bringing it up :-)
Yes it is possible to create say a "lite" version and a "pro" version and there are many examples in the market. But you have to be careful how you implement it and what you restrict. Specifically, you need to create the versions in such a way that you comply with V.5 of the market rules:
Products must not contain deliberate operation restrictions or change their functionality depending on the type of account, account number, name of a trading server and other similar conditions under which they are used.
So yeah, it's definitely do-able, just have to play within that rule ;-)
Damn, Buyer D is really clever. But limiting the number of trades per day in the lite version would not be tricked by a trade copier.
you can easily go around restrictions like account size and lotsize with a trade copier.
I don't see much value in restricting number of trades / day. Yes - i would see how it behaves in a forward test, but i could also see the same with the demo in a backtest. Beside this, i'm not able to test the full potential of the EA.
What traders would typically want to test with your trial, is if the EA works on a specific broker, compared to the demo. They would need a full blown EA and you could restrict it to 7 days usage with a one time license code, verified over internet with a server, tied to the - now this is important - mail adress used in their MQL5 profile. Otherwise guys could generate new eMail adresses free of charge every week and "test" over and over again.
You would not go to the store and (at least not in a country that isn't socialist or communist at heart) expect to pay a different price for a computer program that is the exact same as another copy of it just because you have more money than someone else. It is the same here. From a sellers view, they should expect a fair price for their product, no matter who buys it. If you are wanting to "sell" your product at a reduced price, that is your call to make, as it is yours to sell (or even give away if you choose to do so). However, expecting someone to pay more because they might get more benefit from it because they have more money is just a reverse form of discrimination.
I do not see how people paying the exact same price for the exact same thing is in any way unfair. If anything it sounds about as fair as you can get. You are buying a product, this isn't like the government where you pay more in taxes because you have more income. If you buy something more expensive, the tax on it is higher because the price is higher, but the tax is the same (if bought from the same store) on both items no matter who buys it.
As far as if the customer is satisfied or not, that is then between the seller and buyer.
As far as sound risk management, that applies as much to the large accounts as it does to the smaller ones. How do you think they got to be large accounts?