The market and the problems of choosing advisers - page 7
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The problem is most likely in the terminology, under EA buyers mean a fully finished product - install and forget, while in 90% of cases under the guise of EA they sell automated trading strategies that require customization, and the problem is, as always, in the manuals, the author of such an ATS can rarely create a detailed manual by himself, the maximum support in chats or posting periodic settings for buyers - but these sellers are very few!
Igor, I have exactly this kind of technology in my League. "Set it and forget it".
Alas, out of 670 (!!!) TCs, only a handful work for any length of time (fingers on one hand are enough).
That is the problem, that it is always possible to make a profit only by constantly changing the system in accordance with changing market behavior. On the Market, however, the expectation is different. Roughly speaking, customers buy a shovel and think they have bought a map with the exact coordinates of a treasure trove.
maybe it will, maybe it won't
The metaquotes are actively reading their forum, and I suspect that some of the managers are "picking up" sensible wishes and trying to implement it later.... But alas, the process is very slow ))))
Then detail what one-off work is required from the site administrator to improve the Marketplace and the ability to select EAs based on their signal rating:
1. In the database of EA description add a parameter for the address reference to the signal of the EA's work and add the appropriate field in the "General" tab of the EA description when creating it.
2. Add the "Signal presence" switch in the form of viewing EAs and two options of outputting the list of EAs "By profit decrease over the last month" and "By profit decrease since the beginning of the year".
3. Form the signals database and generate requests for displaying the signals "Decrease in profit over the last month" and "Decrease in profit since the beginning of the year" to provide the form of viewing advisors.
4. On the page of signals, let's fix the "Trades History" tab, so that the "Comment" field contains the comments of the orders, created by the account of the signal source (it does not happen now). This is needed so that the Expert Advisor could enter its name into the Comment field for the orders being created and could be seen in the signal.
The Expert Advisor creators will be required to:
1. Specify the link to their signal, if any.
2. Add the name of the EA in the Comment of Orders being created field.
This way there is no monetary cost and no additional resources are required apart from the existing ones.
Then elaborate on what one-time work is required from the site administrator to improve the Market and the possibility to select Expert Advisors based on their signals rating:
1. In the EA description database, add a parameter for the address reference to the EA operation signal and add an appropriate field to the "General" tab of the EA description when creating the EA.
2. Add the "Signal presence" switch in the form of viewing advisors and two options of outputting the list of advisors "By profit decrease over the last month" and "By profit decrease since the beginning of the year".
3. Form the signals database and generate requests for displaying the signals "Decrease in profit over the last month" and "Decrease in profit since the beginning of the year" to provide the form of viewing advisors.
4. On the page of signals, let's fix the "Trades History" tab, so that the "Comment" field contains the comments of the orders, created by the account of the signal source (it does not happen now). This is needed so that the Expert Advisor could enter its name in the Comment field for the orders created by the signal source to protect its rights and be able to see it in the signal.
The Expert Advisor creators will be required to:
1. Specify the link to their signal, if any.
2. Add the name of the EA in the Comment field of orders being created.
This way there is no monetary cost and no additional resources required apart from the existing ones.
Igor, that's exactly the technology I have in the League. "Set it and forget it".
Alas, out of 670 (!!!) EAs, only a few work for any length of time (fingers on one hand are enough).
That is the problem that the only way to make a profit is to constantly change the system in accordance with the changes in market behaviour. But on the Market, they expect different things. Roughly speaking, customers buy a shovel and think they have bought a map with the exact coordinates of a treasure trove.
It's just about the fact that on the market in the section "Advisors" only 1 out of 100 shovels is real.
The other 99 are cardboard painted to look like a shovel, called a "Shovel" and have the price tag of a shovel. In the tester they spin you a nice video about how this "Shovel" works.
But when you buy this shovel, it turns out that it is not a shovel at all, but a fake shovel that can't really dig.
99 out of 100 Expert Advisors on the Market cannot make any money, no matter how hard you try, they are designed to be bought.
Experienced users buy almost nothing here, except for utilities and some indulators (e.g., news ones).
On third-party sites and telegram channels there is much more of a working product, which they will show to you, will show monitoring, will give you a month to try it on your account, and then you can decide if you want to buy it or not.
P.S. Now the thought that monitoring is good, but the easiest and most effective thing Metakvots can do now is to introduce a manifest for 5 (five) weeks. If you bought a robot "Shovel", tested it for a month and it turned out to be unworkable, like 99% of robots on the Market - write to Service Desk (this is the fifth week) and your money will be returned without questions. You can work out a way for Metakvots to keep their commission anyway, then there won't be a conflict of interest. Then the slag-makers and air sellers themselves will evaporate, because selling pictures from the tester instead of a workable product will simply become unprofitable.
Then detail what one-time work is required from the website administrator to improve the Market and the ability to select EAs based on their signal rating:
1. In the EA description database, add a parameter for the address reference to the EA operation signal and add an appropriate field to the "General" tab of the EA description when creating the EA.
2. Add the "Signal presence" switch in the form of viewing advisors and two options of outputting the list of advisors "By profit decrease over the last month" and "By profit decrease since the beginning of the year".
3. Form the signals database and generate requests for displaying the signals "Decrease in profit over the last month" and "Decrease in profit since the beginning of the year" to provide the form of viewing advisors.
4. On the page of signals, let's fix the "Trades History" tab, so that the "Comment" field contains the comments of the orders, created by the account of the signal source (it does not happen now). This is needed so that the Expert Advisor could enter its name into the Comment field for the orders being created and could be seen in the signal.
The Expert Advisor creators will be required to:
1. Specify the link to their signal, if any.
2. Add the name of the EA in the field Comment of the orders being created.
This way there is no monetary cost and no additional resources required apart from the existing ones.
It looks reasonable.
It would also be nice to add to the search an option to display a thumbnail graph of signal yield (balance + equity (if it fits, of course, but it would be good if there was an equity line)) next to the corresponding EA, then you can immediately select owls not by the beautiful name or avatar, but by the yield curve that it gives.
How do you check that this particular owl is trading on the monitor?
How do you check if this particular owl is trading on the monitor?
Either you can't, or it's very painstaking and costly.
But to start with a signal is in any case better than without.
Right now 99% of robot sellers are crooks. That's not even remotely possible.Plus, there are very few profitable Expert Advisors at the moment, and if someonecopies trades of someone else's EA or uses a personal one passing it off as the one he is selling, it will stick out, or, in the second case, users will notice that their results do not coincide with the author's signal. In such cases, banning the seller as a solution would be suitable. If you do this firmly and regularly, cleaning the market of scammers, after a while they will disappear on their own or their number will be minimised.
Either there is no way, or it is very cumbersome and costly.
But for starters, with a signal is in any case better than without a signal.
Right now 99% of robot sellers are crooks. That's not even remotely possible.Plus, there are very few profitable Expert Advisors at the moment, and if someone copies trades of someone else's EA or uses a personal one passing it off as the one he sells, it will stick out, or, in the second case, users will notice that their results do not coincide with the author's signal. In such cases, banning the seller as a solution would be suitable. If you do this firmly and regularly, cleaning the market of scammers, after a while they will disappear on their own or their number will be minimised.
In order to make such claims publicly, you have to be legal and prove fraud, otherwise you could end up in trouble yourself.
You see, these are far too high-profile statements to be made so simply and recklessly.
Will you collect and present here the evidence of criminal offences for every 99th person out of a hundred? And there are far more than a hundred sellers here.
If not, please don't do it. You are publicly insulting members of the resource. It's against the rules.
How do you check that this particular owl is trading on the monitor?
п4. We should correct the"Trades History" tab on the signals page, so that the comments of the orders, created by the signal source account, are placed in the "Commentary" field (it does not happen now). This is needed so that the Expert Advisor could enter its name in the field "Commentary of Orders Created" to protect its rights and be able to see it in the signal.