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Originally Posted by boostrade
I saw many trying to sell their so called profitable EAs based on backtesting results, some even with only 50% modelling quality...I have to say the following...Pls read before you ever consider sell your EAs.
1. Run the EA for 3 months on a mini a/c and if you can get profit every month consistently, you may sell. Backtesting is very good to improve your EAs, optimized the settings, but NOT a proof that your EA will generate the same result in real trading. I have EAs, and made EAs that make 100+% gain every month with 90% modelling for 3 months, so what? doesn't mean you'll get the same result in real trading.
2. Do not post ex4 files 'coz they can be decompiled. If you want the professionals here to test your EA and help you improve your EA, post mq4 files. It's easy to give a few bucks and get any ex4 files decompiled. EuroX2, RobinhoodEa sold for 999 all can be decompiled with just a few bucks. We have the mq4 now. and NO magic codes, making loss rather than profits.
3. If you want to sell your EA that yields good results on real trading for 3 months, sell it at least a grand or more. 'coz it worths the money. Or better, sell the signals the EA generates. Do not post ex4 for the above reason. If you want others to try your EA, post mq4.
4. I believe what Aleccoh says about EAs here first 200 pips on me , the rest , we will share, they most fail, they only work if they can adapt to changing market movements and change their settings accordingly automatically. So the best EAs now are those semi-automated, we manually feed the EA with latest market info.
Just my 2 cents. |
Hi boostrade,
Thanks for your opinion.
I agree with you.
many months ago we created the rules for this commercial section here
Section moderated
And I created the poll.
Everybody was agree. But nobody followed.
You asked the seller not to sell EAs based on backtesting results?
They know that. They will say: "yes, thank you very much and we agree with you". And they will continue to sell.
If I delete their selling threads so tomorrow they will create 10 new threads everywhere. If I delete their same 10 threads so they will create 20 threads all over the forum. They will say "yes, thanks you for your co-operation" and will continue to sell. It was many times already.
If you ask the members: "don't buy EA based on backtesting results" so it will be exactly the same thing ("good job buddy", "please post your EA" and so on).
If the seller does not want to publish ex4 file (it is understandable) so he/she may give some trial ex4 to some of his/her friends for forward testing, or test by itself, or give some file to any seniour member in the forum.
But it is the better if the seller is doing forward test by himself. More safe let's say.
There are some good thread in this section.
No one admin/moderator of our forum is affiliated with any commercial in this section. So it is very easy to evaluate any commercial proposal in this case for the people who want to see this section more valuable and more respectable.