EXPERTISE FOR EXPERTS
How to Test a Product in Meta Trader Market for Free
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Anyone who has read my articles knows that the purpose of these publications is to share extra options provided to traders by MT4 and MT5 platforms. We say extra, as we talk not about transactions, but about access to useful services that allow you to make these transactions more profitable.
Today, I would like to elaborate on just one of these services, as this service is not only useful, but also quite unique among Forex trading services.
We are talking about the service "Market" - a huge shop, in which you can, on the spot, i.e., from the monitor, buy indicators, scripts or advisers (experts), of which there are plenty in the "Market" tab - hundreds, or even thousands. Embarrassment of riches! And for the visitor to be able to lift up his head, the developer offers a number of ways, the most attractive of which should be called "Trust, but verify!". But before you do this test, you must first get to the store.
Access is allowed!
It is very easy to do this - either through the tab at the top of the terminal - "Help - MQL5 Community - MQL5 Market", or through the tab "Market" in the bottom.
Personally, I prefer the second option, simply because this way is shorter. The only small inconvenience in this case is that at least a few charts of currency pairs, a navigator, and perhaps also a strategy tester are normally open in the terminal at the same time, so there is not much space for the "Market" window, and you should clear some. But, as you know, this operation takes only a few seconds, and then there is nothing to stop you to examine the proposed product in a relaxed environment without distracting to quotes and orders.
By clicking on the icon of the proposed product, you can get acquainted with its description, and decide whether to buy the product you liked, or to rent it for a certain period, for example, for a month (which is, of course, cheaper), or .. . to test it absolutely for free!
Trust, but verify!
Selling their products through the "Market", owners and creators themselves set up a price (the trading marketplace will charge a small fee) and for the products to sell better, sellers attach a detailed description, as mentioned above.
Well, who would write anything bad about their own product! Therefore, you will hardly find a list of shortcomings in these descriptions, although there are some for sure. And in order to obtain an objective assessment of the quality of the acquired product, that is an indicator or an advisor, visitors are offered to carry out their own testing for free. And if you wish, you can carry out optimization as well.
So you either buy the products immediately, or rent them, or test them first. To do this, simply click on the "Download Demo", and literally in the blink of an eye there appears a folder "Market" in the Navigator on your terminal, see "Advisors", which will automatically collect all your selected experts.
I should say, you will not be able to see how their paid versions work on demo or real accounts (this does not rely to free advisors - there are plenty of those in the "market"). But you can test and optimize both of them in the strategy tester as much as you want. At the same time you can compare advisors worth $ 5,000 to those that are offered for nothing. Those who know say that the price is not the only difference...