Is there anyone making money???
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There are vendors outside of the marketplace that are also legitimate and consistently make money.
I’m not sure if this discussion might be heading in the wrong direction, but we find it extremely difficult to reach customers on this marketplace. Even when we offer free trial periods, only 1-2 people are interested. It is significantly easier to sell algorithms through our own website, X, and Instagram. We consistently show monthly profits, but no one seems interested here.
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The problem, I think, is that you can show what you want…
For example, when I look at the Wall Street (Nordic)algos:
Started with algos on a time frame of 60 minutes (WS 60M) and 15 minutes (WS 15M), according to the graph’s “beasts” of algos but after a while no more updates and now no longer available…???
Like everyone else, we have learned and improved over time. We appreciate your feedback and take it to heart.
We are now proud to showcase several algorithms that have been performing well and have been in operation for a significant period.Here are a few examples: (Attached) (All with 1 contract)
- NAS 5M V0.7 – Started 2022-09-25
- DAX 10M – Started 2022-10-16
- DAX 15M – Started 2022-12-19
- WS 3M V1.5 – Started 2023-08-16
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That’s what I was going for, the Marketplace is dead.
It doesn’t matter to demonstrate benefits, it doesn’t matter the price of the bot, almost no one rents them.
At first it was new, and we got many clients, but then…
Four of our bots remain…
and of the four we fully trust in at least three of them.
They have earned about €10,000 net in a year and a half, and it is only the beginning, as we explain in their descriptions, due to money management the first one or two years they earn little, it is a capital security measure.
Right now they operate with €5 pip already, and soon they will earn much more.
According to our studies, each bot will end up earning around €8,000 net annually.
One of the problems we are clear about is the lack of patience of users, we are clear about that, they intend to earn thousands of euros per month and that is difficult, or impossible.
Another problem is the lack of MarketPlace advertising in other media and on IG and IB.
Another problem is the number of bots that are rented based on backtesting, without demonstrating real benefits.
A provider registers a bot on the Marketplace with a great backtest that is very easy to hack, someone rents it, and loses money… many of them are surely a scam, that’s clear.
We have wasted a lot of time with all this.
Another problem, at the time we warned that a trial period of just one month was a very short time for most bots, that period should be at least a year.
Bots do not achieve results in such a short time.
I will not continue writing problems, the idea of the Marketplace was very good, but it has been poorly designed from the beginning.
A shame.
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I don’t know if the marketplace is dead… but I think the initial hype is over. To be honest, I usually compare the data posted here by people I trust to build good systems with the data from my systems. My data is certainly not better, but it is often comparable. And of course I think that my own systems can’t be that bad and I use my own because I know how they are set up. Understandable, I think. I don’t know how many systems the big providers really rent out per month, but I found the concept before the marketplace, when everyone helped each other, somehow better. Now everyone is making a big secret of their systems and no one knows who they can trust and who is exaggerating.
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Anyone else making money with any Marketplace bot?
The neighbor of a friend of mine has a cousin whose uncle is the brother-in-law of a guy who says he knows someone who has made some money on the stock market.
ups..sorry for this little joke in the next iteration of this if -then-else loop type thread.2 users thanked author for this post.
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