How Secure Is It to Buy MQL5 Market Products?
MQL5 Market allows you to test a trading robot and its features before buying it. Every Expert Advisor offered in MQL5 Market comes with a demo version that can be tested in the Strategy Tester. It is quite simple and does not take much of your time. In addition, it is an opportunity for you to assess the real earning power and risk characteristics of the trading robot.
Before you proceed with testing, open the MetaTrader 5 terminal and download a demo version of an appealing EA from MQL5 Market. Then start and set a multi-currency Strategy Tester from the terminal context menu or using Ctrl+R.
It is important to set the Strategy Tester in accordance with the EA's trading strategy. This will help you to compare the obtained results with the program description and draw appropriate conclusions. You will be required to select the program and its type and specify the financial instrument which will be used to test the trading robot's performance. For example, if the description states that the Expert Advisor shows its best when working with EURUSD on H1, it is advisable that these parameters be specified. You should then select a testing period, trade mode, initial deposit amount and leverage. Following this, click "Start" to initiate the download of price history for the instruments specified and start the automatic testing of the Expert Advisor using this data.
Please note that when visual testing mode is enabled, you can monitor the EA's performance dynamics over the testing period selected. The performance of the trading robot and its response to price changes will thereby be simulated. And as a result, the chart will clearly show all trades the Expert Advisor executes based on which you will be able to assess its trading efficiency. More information on this and other testing settings can be found in the MetaTrader 5 Help.
The whole testing process will not take much time. Once it is completed, a detailed report will be generated and be available to you in the "Results" and "Graph" tabs. That information can help you assess not only the earning power of the Expert Advisor but also a lot of other parameters, such as profit to loss ratio, number of winning and losing trades, maximal drawdown, expected payoff and many more. The results of the Expert Advisor's performance will be displayed in a table and charts for a more convenient analysis.
The Expert Advisor testing results obtained from the Strategy Tester can then be compared with the description provided in MQL5 Market. If they appear to be similar and the test trading performed by the Expert Advisor has proved to be successful, you may consider buying it in MQL5 Market.
This way you can test any trading robot available in MQL5 Market before buying it. Any trader can independently verify the program characteristics stated and assess its trading efficiency in different financial markets. In other words, a demo version available in MQL5 Market will keep a trader from buying a pig in a poke and help protect consumer interests.
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, 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.
Is MQL5 Market and MetaTrader 5 associated with each other.
Is MQL5 Market and MetaTrader 5 associated with each other.
Hi Shawnmichal,
yes. it is. MQL5 Market is available for all MetaTrader 5 users via their trading platform. They can open MQL5 Market, buy a program and launch it right via their terminals at any time.
but nwhat would be the expected amount which i have to pay for getting any type of trading program???
but nwhat would be the expected amount which i have to pay for getting any type of trading program???
Hi Gudolpho,
All products in the MQL5 Market have a price in credits. Credit is a MQL5.community title unit that is a US dollar equivalent.
Look at this article to learn more about MQL5.community Payment System
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MQL5 Market is a service designed for highly secure purchasing of Expert Advisors, indicators and other applications. The entire purchase process (from placing a product on Market up to its downloading to the terminal) is heavily protected. You will be able to use the application in MetaTrader 5 terminal immediately after you pay for it. It will be available to you at all times.
Market is regulated by special rules protecting all service users. First of all, Market sellers must meet rigid requirements. They must also pass additional registration specifying actual contact details, phone numbers and submitting identity documents. All specified data is verified before a seller is allowed to start selling applications on MQL5 Market.
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. Products violating the rules will not be published in Market. Therefore, you are protected from malware.
Besides, you can test an application. Each Market product has its free demo version. It can be tested in the strategy tester and receive a detailed report on the product and its parameters. Thus, you will be able to check the program in action before purchasing it.
Payments are based on our own payment system of MQL5.community website. SSL protocol and payment confirmation via SMS messages are used to ensure security of all transactions. Users should register on MQL5: automated forex trading, strategy tester and custom indicators with MetaTrader and deposit their accounts in any convenient way to start using MQL5 Market.
Keep in mind that a purchased application 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.
We have launched the service for selling MetaTrader 5 trading applications paying much attention to security issues. We have minimized all associated risks to allow you to concentrate on more important matters - searching for the most suitable trading robot!
Enter MQL5 Market right now to purchase trading robots securely!