What is MQL Market and what it offers?
What is MQL Market?
MQL market is a marketplace of trading robots, indicators and trading applications that is provided by the maker f MetaTrader 4/5 trading platform.
You can use it to easily distribute your strategies to thousands of traders directly into their MetaTrader 4 and MetaTrader 5 platforms.
According to the latest figures, there have been more than 11 000 transactions made in the last 30 days, and this number is increasing every month.
So, there is a huge opportunity waiting for StrategyQuant ULTIMATE users who can easily monetize their strategy development.
How MQL 5 Market works?
MQL Market is an interesting and powerful platform if you want to:
- sell your trading strategies
- provide trading signals
- offer your programming skills and coding expertise (in supported trading platforms and their programming languages) to others
In this manual, I will focus only on the first topic – i.e. on selling strategies. Besides this manual, I am also preparing an online video course where I will teach you how to sell your strategies on this market step by step and monetize your strategy development.
How to sell your strategies on the MQL Market?
First, you will need to register on the MQL 5 Market which is described in the next chapter. As a developer you can sell your strategies there but you need to follow certain rules (the complete list of rules is available here).
As a developer, you need to take into account that once you sell your strategy MQL market automatically gets a fee of 20 % from every transaction.
The next step is you need to upload your strategy to the MQL Market, and submit it for their approval.
When the strategy is approved, MQL 5 Market then adds extra protection. Every strategy sold at the Market is encrypted with a special key to protect the Product from illegal use.
The encryption key is unique for every Buyer and it is bound to his computer, so that all the Products in the Market have automatic copy protection.
Moreover, you need to set the number of strategy activations (the minimum number of activations is 5).
Single activation means that your strategy is bound to the specific buyer’s hardware, so that the copy of the strategy cannot work on another PC.
If the activation limit is exceeded, the buyer will have to purchase the product again. You can modify the number of strategy activation at any time.
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