What Are the Benefits of Buying Trading Robots in MQL5 Market?

Trading Tech and Tools
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If you want to buy a trading program for MetaTrader 5 platform, feel free to use MQL5 Market. It has a number of distinctive advantages that can help you make the right choice. Wide range of applications, demo versions available before buying, convenient payment system, as well as high security set MQL5 Market apart from similar services.


First of all, you will be surprised by the broad selection of trading applications in MQL5 Market. Lots of trading robots, technical indicators, panels, analyzers and utilities will allow you to find what you really need. The service offers you quick searching by categories, sorting, as well as descriptions with screenshots.

Each trading robot or technical indicator has a demo version. It can be independently tested and evaluated in action on historical market data. You will be able to check the application’s efficiency, as well as examine its parameters. As a result, you will obtain complete data on the application’s features, profitability, risk level and other parameters.

MQL5 Market also provides a high level of security for buyers. It has the entire complex of protective measures including the service rules and testing programs before publication. Developers are thoroughly checked before gaining a Seller status and access to Market. They must provide their real contact details, passport copy and other personal data. These measures encourage sellers to make high-quality applications for MQL5 Market and protect buyers from fraud.

Besides, special payment system in MQL5.community website is used for settling payments between buyers and sellers in MQL5 Market. It is quite easy and convenient. After registering on mql5 website: automated forex trading, strategy tester and custom indicators with MetaTrader website, you receive access to your account used for making payments. You can deposit it in any way you like. In addition, SSL encryption and confirmation of transactions via SMS are used in the system for added security.

Finally, the trading application you have purchased will be delivered to your MetaTrader 5 terminal without delay. We guarantee that you will receive your application right after the payment has been made. You will be able to activate the purchased application on any three computers. It is fast and reliable.

We have launched MQL5 Market and tried to make it as simple and convenient as possible. Try MQL5 Market to discover its features.

MetaQuotes Software Corp.

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What is website address of MQL5 Market?

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Good Day, Haley12
sorry, while I don’t have the right to publish links.

You can enter the market via MetaTrader 5 or our MQL5 Market website: www(dot)mql5(dot)com/en/market

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Thanks to response on my query. I visited your website but did not buy any robot from there so far.

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sounds interesting. I’ll try MQL5 soon.

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can EX5 files be decompiled?

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That would be stealing.

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Hi 4evermaat,

Of course not. Security of published products is also considered. For example, a product should not use dll libraries, which can be used as tools for frauds. Besides, products are checked for malicious code and operability.

Also, all purchased applications will be bound to your computer by a unique installation code. Thus, even if intruders gain access to your program, they will not be able to use it, as it will not run on another computer. This solution helps to protect the interests of application developers. On the other hand, you will always be able to activate a purchased application on any three computers.

Look at the article “How Secure Is It to Buy MQL5 Market Products” here: www(dot)mql5(dot)com/en/articles/576

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One year has passed since the launch of sales in MQL5 Market. It was a year of hard work, which turned the new service into the largest store of trading robots and technical indicators for MetaTrader 5 platform. Before moving on, we have decided to sum up intermediate results of the new service operation.

History of MQL5 Market began from June 2011 when the service started working in beta mode. From that moment, developers were able to register as Sellers and put up their products in the service. On February 3, 2012, the service was integrated with MQL5.community payment system allowing traders to download free products, test demo versions and purchase commercial trading applications. Sales have been launched and popularization of MQL5 Market has started.

Overall Results

Since then, over 170 developers of MQL5 applications from all over the world have already offered more than 460 trading programs for sale. These programs include trading robots, indicators, various scripts, panels, utilities and analyzers. Expert Advisors form the most numerous group with 46% of the total number of published applications. Custom indicators come second (33%). Each program contains a description, test results with screenshots and information about the author. You can try any application in MetaTrader 5 trading terminal.

The prices of commercial products vary from 10 credits (1 credit is equal to 1 USD) up to 30 000 credits. That is the price set by the developer with the nickname “lordlev” for TimeMachine Expert Advisor. One-third of all the products are located in the lowest price range of 10-20 credits per application. Products with the price of 100 credits or higher comprise 27%. The service also has free products (16%). They can be used without any additional charges.

Sales

A wide range of products, serviceability and secure purchases in MQL5 Market attract more and more traders. During the first year of MQL5 Market’s operation, users downloaded more than 23 000 demo versions of commercial products and the same number of free applications to their MetaTrader 5 terminals. In the past six months, the number of downloads via the service is growing by 25% every month. More than 80% of the service’s annual turnover has been registered during the same period.


Program purchases via MQL5 Market

More than 380 commercial programs have been sold since the launch of MQL5 Market. The first Expert Advisor to be sold was GoodTrade at the price of 90 credits. The Expert Advisor for trading on EURUSD called Freak has turned out to be the most expensive product that was sold via the service. Its price at the time of the purchase was 1 279 credits. After the update in January, it has risen up to 1 625 credits. We should also mention the most expensive Expert Advisor which is also the most debated one on our Forum. It is called “TimeMachine” and its price is 30 000 credits. It is also quite popular even when compared to some more affordable applications. The number of downloads of its demo version is rising day by day. However, no one has purchased it yet. We will follow the fate of this product.

After examining the categories of trading applications sold via MQL5 Market, we found out that custom indicators are the most popular products in quantitative terms (45% of total products sold) followed by trading robots (37%) and panels (9%). The major part of the service’s turnover is generated by Expert Advisors (77% of total sales) due to their high average price and steady demand for expensive trading robots having the price of 500 credits and higher.

Number of Products Sold Via MQL5 Market by Categories
Sales volume of products sold via MQL5 Market by categories

As for the average purchase price in MQL5 Market (black dashed line on the chart), it is growing steadily. While in February 2012 the average purchase price was 25 credits, it has risen up to 80 credits already in January 2013. The reason is the growing number of high-priced products published in the service and increasing demand for them among traders. Trading robots are the most expensive applications when compared by categories. Their average price has already reached 160 credits per Expert Advisor. The robots are followed by panels with the average price of 50 credits per products.

Average purchase price in MQL5 Market

Technical indicators come third in TOP 3 of the most popular applications. Their average purchase price has never exceeded 30 credits. This is quite unusual, as high-quality indicators for automatic or semi-automatic trading are always in demand.

So, if you are an active developer, your customers are already waiting for you in MQL5 Market.

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Adding point on you credit card.

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Jeremy Scott who is better known under Johnnypasado nickname at MQL5.community became famous offering products in our MQL5 Market service. He was an ordinary programmer providing free computing power to MQL5 Cloud Network and using the resources of this service to optimize his own applications. Forum and Jobs service were not his forte but he has managed to excel in another field.

He has enjoyed wide popularity thanks to MQL5 Market - online store offering trading robots and technical indicators. Jeremy is one of the most profitable MQL5 Market developers widely known as the developer of Freak Expert Advisor series. As of March 10, these applications have been downloaded for 1845 and bought for 10 times in spite of high prices. The costs of Freak Expert Advisor series range from 875 up to 1379 credits depending on the version.

As a result, Jeremy has already made several thousands of dollars in the Market and that is not the limit. We are not going to evaluate the quality of the offered products but Jeremy’s sales experience is extremely interesting. We decided to take a closer look at the future millionaire and receive some pieces of advice for MQL5 Market sellers.

[B]Seller’s Expert Journey[/B]

Jeremy Scott is a successful sales person, actor, ballroom dance instructor and a polyglot but he is not intended to stop there. Already being familiar with programming in 2012, he discovered the development of trading robots for MetaTrader 5. Inspired by his knowledge and an energy drink, he developed such trading robots as “AaronEye”, “Alien Sandwich” и другие. Некоторые из них уже покинули Маркет, однако полученный на них опыт послужили основой для создания самого известного продукта “Freak”.

“I named it ‘Freak’ because I ‘freaked out’ with joy and happiness when I saw the results shown by my Expert Advisor in the tester! I mean, turning $100 into more than $10 million within two years is an excellent start!” - Jeremy told us.

Jeremy’s outstanding results allowed him to gain popularity on MQL5 Market. He began publishing his programs on November 27 starting with Freak Free Version that can be launched on a real account with the trade volume of 0.01 lots. “I published the free version to allow traders to try and evaluate the trading strategy. This provides an honest test of robot’s profitability on real accounts, as well as the possibility to discuss the issues with the seller before purchasing the application. Buyers appreciate honesty and transparency” - Jeremy says.

Along with the free version, Jeremy released the commercial product with the same name with no restrictions on trading volume. Later, he released another two commercial Expert Advisors of Freak series. The most advanced one features the trading parameters that were optimally matched by the developer. As a result, all Freak Expert Advisors have received the common trading strategy differing only in input parameter settings.

[B]Simple Tips from Jeremy[/B]

First, all Jeremy’s Expert Advisors are provided with screenshots and videos containing inspiring results that all users can receive themselves when testing demo versions. According to Jeremy, this is the best type of advertising in MQL5 Market.

Second, “everyone knows that test results may be considerably different from real trading and that they should not be considered as a potential profit” - Jeremy says. Therefore, he offers free Freak Expert Advisor along with demo versions to allow users to trade on a real account. That helps traders to evaluate the strategy of commercial Freak Expert Advisors in real market and optimize input parameters depending on their brokers and symbols.

Third, Jeremy has prepared “The Freak Series Guide” designed to help buyers to optimize the Expert Advisor according to their particular conditions. Besides, such active communication with traders allows the developer to improve the trading strategy and receive feedbacks for further improvements. The best recommendations are considered and implemented in the Expert Advisors with each update.

Jeremy also recommends to actively use the means of the World Wide Web to attract clients: “Create your web site, add MQL5 Market widgets and offer free versions to your buyers. And do not forget to communicate with your customers actively and honestly”. Considering that these simple recommendations have worked for one developer, they may work for you as well.

Publish your Expert Advisors in MQL5 Market and promote your products to make handsome profit!

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Since its founding, the store of trading robots and technical indicators MQL5 Market has already attracted more than 250 developers who have published 580 products including Expert Advisors (44% of the total number of applications), indicators (35%) and other applications.

The Market has been growing considerably during the first quarter of 2013. The number of downloads of free applications and demo versions of commercial products has almost doubled. As a result, the number of trading application downloads has reached 70 000 since MQL5 Market launch.

Sales volume of commercial products has also increased comprising 560 trading applications as of March 31, 2013. If we examine the growth dynamics during the previous quarters, we will see the following values. In quantitative terms, the average sales increase by 60% quarterly, while in money terms, the growth comprises 100% quarterly. Thus, the Market’s total turnover for 2012 has already been exceeded in the first quarter of 2013.

The excess of money terms over the quantitative ones demonstrates demand of traders for expensive products. This can be seen on the chart of MQL5 Market’s average purchase price. Moreover, we can see that the average purchase price of Expert Advisors is the first to increase comprising 170 credits during the first quarter (1 credit is equivalent to 1 USD). This is well above the average price of panels (46 credits) and technical indicators (26 credits).

Distribution of sales by product category shows almost no changes. Expert Advisors and technical indicators are the most popular applications among MQL5 Market customers. They comprise 82% of total purchases and 94% of the store’s overall turnover. Indicators are purchased most actively (45% of all applications), while Expert Advisors bring developers 90% of the overall profit.

Market Top Sellers

We have prepared the list of TOP-10 MQL5 Market developers for this report. The list includes the sellers having the largest sales volume of all their products since the Market launch up to March 31, 2013.

MQL5 Market TOP-10 Sellers:

achidayat
johnnypasado
Manov
skarkalakos
figurelli
iTC
ROMAN5
Wahoo
ctsforex
dimmi2000

The seller achidayat occupies the first place in our TOP-10. 10 out of 250 best developers have sold 25% of all applications and formed 67% of the entire MQL5 Market’s turnover. Their sales experience can be of interest for other developers. Therefore, we are going to contact the top sellers and describe their success stories (see, for example, the article about Jeremy Scott).

The first quarter of 2013 has turned out to be quite successful for some MQL5 Market sellers who have managed to make handsome profit by selling their products. So, publish popular products, promote them and do not forget to interact with your customers.

Have a nice trend and successful trades!

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Successfully operating for 1.5 years, MQL5 Market has become the largest traders’ store of trading strategies and technical indicators. It offers around 800 trading applications provided by 350 developers from around the world. 80% of all programs are Expert Advisors and indicators. Traders can also benefit from various panels, analyzers and utility programs that allow you to add extra functionality to the MetaTrader 5 trading terminal.

Developers try to impress traders with a variety of products offered in a wide price range. Both free (19% of the total programs offered) and commercial products with prices from 10 to over 1000 credits (1 credit is equivalent to 1 USD) are now available to buyers.

In only 6 quarters of MQL5 Market operation, traders have bought and downloaded to their MetaTrader 5 terminals more than 100.000 trading applications. Downloads of free programs and demo versions of commercial products were about equal in number. Summarizing the results for Q2 2013, the number of downloads via MQL5 Market has increased by 30% as compared to the previous quarter.

Looking at the breakdown of purchases by category of products available in MQL5 Market, we find the following: In quantitative terms, technical indicators take the leadership with 41% share in total purchases. However, their share has decreased by 4% compared to the previous quarter. Further, we see a strong growing demand for trading robots. The share of Expert Advisors is almost as high as that of indicators, now reaching 40% (3% increase compared to the previous quarter).

In terms of money, the breakdown of sales by product category looks somewhat different. Trading robots take the lead with impressive 84%. It has to do with the fact that the average price of Expert Advisors is usually higher than that of other products.

High quality, expensive products for automated trading in financial markets are still in demand. This is where active developers take advantage of the situation. They monitor customer requests and post the relevant trading applications right when they are required.

MQL5 Market TOP-10 Sellers

Summarizing the results for Q2 2013, we have prepared a new list of TOP-10 MQL5 Market developers. The list represents the best and brightest of 350 sellers on MQL5 Market with the highest sales volumes on all their products over the quarter. The first six developers on the list are the same as in the list prepared for the previous quarter report, whereas the last four names are new.

TOP-10 MQL5 Market sellers (Q2 2013):

johnnypasado (Jeremy Scott)
skarkalakos (Sotirios Karkalakos)
achidayat (Achmad Hidayat)
figurelli (Rogerio Figurelli)
iTC (Gennadiy Stanilevych)
Manov (Dimitar Manov)
MRoVas (Roman Martynyuk) - new on the top list
Vladon (Vladislav Andruhenko) - new on the top list
tol64 (Anatoli Kazharski) - new on the top list
komposter (Andrey Khatimlianskii) - new on the top list

The total sales of the TOP-10 sellers have reached 43% of all MQL5 Market programs in Q2. The most profitable seller is the developer known as johnnypasado. While being third on the previous TOP-10 list, he has now taken the lead. It looks like his sales strategy is 100% successful.

Please note that at the end of the reporting period, we launched a new reward scheme for attracting users. It is intended for assisting developers in promoting their trading programs. Each seller can now find promoters among MQL5.community users who will post affiliate web links to relevant products for a certain reward. Thus, sellers can attract trader’s attention to their programs and increase sales volumes. It may well be that the chance to hit the next TOP-10 list will be in direct relation to the extent of seller’s participation in the affiliate program launched.

Post your best products, set reasonable prices and attract traders using the new reward scheme for attracting users.