Sep 04 2016 at 12:52
Why programmers/traders selling profitable EAs? An EA that worth the investment need to gain *AT LEAST* 20% per year. However, an EA that gain at least 20% or 30% per year can be considered “the chicken of golden eggs”.
Even more, It’s common find in mql5 website an EA that gain 100% per year. Or more! actually. So, these EA are almost the holy grail.
So, why these peoples selling these EA!?!? This no make sense! None selling the chicken of golden eggs or the holy grail! I think…
On the other hand, what’s better: the commerce between rich peoples or between poor peoples? This is a philosophy that a bit of people think. I don’t believe that seller of EA following this philosophy.
So, why!? Why seller profitable EAs?
Even more, It’s common find in mql5 website an EA that gain 100% per year. Or more! actually. So, these EA are almost the holy grail.
So, why these peoples selling these EA!?!? This no make sense! None selling the chicken of golden eggs or the holy grail! I think…
On the other hand, what’s better: the commerce between rich peoples or between poor peoples? This is a philosophy that a bit of people think. I don’t believe that seller of EA following this philosophy.
So, why!? Why seller profitable EAs?
One reason could be that people are poor.
Sell an EA for 250$. 100 sales is 25.000$, if you just had say 1000$ to begin with, you have basically made the same money your EA would use years to obtain.
Sell an EA for 250$. 100 sales is 25.000$, if you just had say 1000$ to begin with, you have basically made the same money your EA would use years to obtain.
Added bonus, even people in a fairly rich country like the US don't have much savings to invest. https://www.marketwatch.com/story/most-americans-have-less-than-1000-in-savings-2015-10-06
Sep 05 2016 at 05:01
The main reason to sell an EA, even if it's real holy grail:
- making fast money
He sells the EA that costs $500 for 1000 buyers.
In 6 months time, whatever market conditions, he made €500 000
He is now half millionnaire and not to mention he had no saving to launch he own chicken of golden eggs.
Also the owner, (as coder) knows that his strategy works pretty well on some specifics market conditions that won't last forever.
This way, you avoid stress, and your capital can't turn to zero!
Simple as that
- making fast money
He sells the EA that costs $500 for 1000 buyers.
In 6 months time, whatever market conditions, he made €500 000
He is now half millionnaire and not to mention he had no saving to launch he own chicken of golden eggs.
Also the owner, (as coder) knows that his strategy works pretty well on some specifics market conditions that won't last forever.
This way, you avoid stress, and your capital can't turn to zero!
Simple as that
I believe that most of these EA's only work that well for a limited time and the results are based on back testing. Not on current results.
W
W
Hello,
Profitable algorithmic traders do not sell their EAs. They prefer to sell signals, it is faster, easier to make some extra income of trading their own trading accounts.
Profitable EAs are not profitable all the time, and some changes have to be done. Besides, it is better to go to see some hedge funds that retail traders for capital.
Profitable algorithmic traders do not sell their EAs. They prefer to sell signals, it is faster, easier to make some extra income of trading their own trading accounts.
Profitable EAs are not profitable all the time, and some changes have to be done. Besides, it is better to go to see some hedge funds that retail traders for capital.
No free lunch in trade, even in arbitrage!
If I had the holy grail, I would never sell it. How could you put a price on something which can beat the markets algo?
@GJscalper for more information
Sep 05 2016 at 10:10
JHenrique posted:
Why programmers/traders selling profitable EAs? An EA that worth the investment need to gain *AT LEAST* 20% per year. However, an EA that gain at least 20% or 30% per year can be considered “the chicken of golden eggs”.
Even more, It’s common find in mql5 website an EA that gain 100% per year. Or more! actually. So, these EA are almost the holy grail.
So, why these peoples selling these EA!?!? This no make sense! None selling the chicken of golden eggs or the holy grail! I think…
On the other hand, what’s better: the commerce between rich peoples or between poor peoples? This is a philosophy that a bit of people think. I don’t believe that seller of EA following this philosophy.
So, why!? Why seller profitable EAs?
Its quite easy the poor people sell EAs to rich one.
The poor people do not have capital to become rich by trading.
Moreover they are selling something that could stop working any day. So they take real money now and sell unknown future, unknown EA performance.
Sep 05 2016 at 16:02
Good answers! :)
Majority in my opinion want to sell because they know the market is fairly unpredictable and although the EA may show good results at the time there is a high chance that long term and with ever-changing market conditions the EA will fail.
Personally I'm not a big fan of EA's I would only consider following one with good results if the trader/creator of the EA was heavily invested in it himself and not just with a micro account.
Personally I'm not a big fan of EA's I would only consider following one with good results if the trader/creator of the EA was heavily invested in it himself and not just with a micro account.
Sep 06 2016 at 05:25
Startup Capital of course if the EA IS profitable otherwise SCAMS are everywhere. I like most don't have unlimited funds to invest and so I sell my EAs to help get some additional income. The EAs make about 5% monthly with conservative settings so for the real investors instead of the get rich quick guys, they are exactly what is desired.
See my profile or message me for my latest EA
Sep 06 2016 at 09:53
bestdarngood posted:
Startup Capital of course if the EA IS profitable otherwise SCAMS are everywhere. I like most don't have unlimited funds to invest and so I sell my EAs to help get some additional income. The EAs make about 5% monthly with conservative settings so for the real investors instead of the get rich quick guys, they are exactly what is desired.
You sell EAs without single forward test?
This user doesn't share any systems currently.
Sep 07 2016 at 06:38
togr posted:bestdarngood posted:
Startup Capital of course if the EA IS profitable otherwise SCAMS are everywhere. I like most don't have unlimited funds to invest and so I sell my EAs to help get some additional income. The EAs make about 5% monthly with conservative settings so for the real investors instead of the get rich quick guys, they are exactly what is desired.
You sell EAs without single forward test?
This user doesn't share any systems currently.
My EAs all run together on same accounts so forward tests won't show individual EAs especially since they trade same pairs with multiple EAs. Instead I offer trials to my EAs that I sell.
See my profile or message me for my latest EA
I think selling a profitable EA is similar to selling any good product in general. You build it and you start earning from it. This is a type of business as well. If it is good, the developer strengthens his reputation. It's just a matter of approach to the market.
Trade fast, learn fast, never regret!
Nov 07 2016 at 11:21
I have always wondered why people do that, because selling something which can make you money while you do next to nothing in the meantime seems just like an unnecessary hassle, but you make a good point.
mlawson71 posted:
I have always wondered why people do that, because selling something which can make you money while you do next to nothing in the meantime seems just like an unnecessary hassle, but you make a good point.
Mathematically it does make sense. Sell system, and get say 50k$ fast.
50k$ at 50% a year is 2.88 million in 10 years.
1k$ at 50% is just 57600 in 10 years.
Hench, one could argue that selling the system now is worth 2.8 millions in the future.
Nov 07 2016 at 15:44
stian posted:mlawson71 posted:
I have always wondered why people do that, because selling something which can make you money while you do next to nothing in the meantime seems just like an unnecessary hassle, but you make a good point.
Mathematically it does make sense. Sell system, and get say 50k$ fast.
50k$ at 50% a year is 2.88 million in 10 years.
1k$ at 50% is just 57600 in 10 years.
Hench, one could argue that selling the system now is worth 2.8 millions in the future.
And that is clearly what I am thinking. Should I wait 10 years to earn 50k or sell the system for 50k and earn 2.8 Million in 10 years?
RedRhinoFX posted:stian posted:mlawson71 posted:
I have always wondered why people do that, because selling something which can make you money while you do next to nothing in the meantime seems just like an unnecessary hassle, but you make a good point.
Mathematically it does make sense. Sell system, and get say 50k$ fast.
50k$ at 50% a year is 2.88 million in 10 years.
1k$ at 50% is just 57600 in 10 years.
Hench, one could argue that selling the system now is worth 2.8 millions in the future.
And that is clearly what I am thinking. Should I wait 10 years to earn 50k or sell the system for 50k and earn 2.8 Million in 10 years?
Well, that's what we call a dilemma, huh! 😉
Nov 15 2016 at 21:07
stian posted:mlawson71 posted:
I have always wondered why people do that, because selling something which can make you money while you do next to nothing in the meantime seems just like an unnecessary hassle, but you make a good point.
Mathematically it does make sense. Sell system, and get say 50k$ fast.
50k$ at 50% a year is 2.88 million in 10 years.
1k$ at 50% is just 57600 in 10 years.
Hench, one could argue that selling the system now is worth 2.8 millions in the future.
Trading outcome is not linear and hence it is not a mathematical problem but one of probability. In other words, the outcome is a random distribution of events and why you have bad days known as draw downs. Selling EA's (if they can generate positive expectancy) is no different from those that offer signal or training services They bridge income gaps during draw down periods.
