I’m active on another market place when trade robots are sold. The biggest problem there is a high % of faked products. The sellers simply tweak their products by unfair means to show good backward results. Then they update the code regulary under the headline of bug fixes or improvements, but they tweak again.
Many products on that platform are risky by using grid or averaging concepts. The tweaks lead to an enormous risk of those faked products which many buyers aren’t aware about simply as events of large drawdown or high margin load aren’t seen in backtests.
That platform misses the most natural method to remove some sellers’ appertite of tweaking with unfair methods: a mechanism to get the sales price refunded if there is a clear evidence that past results had been manipulated. That is relatively simple to show in many cases. Even though it is, the operators of that platform aren’t interested to focus on bad sellers to refund the sales prices to buyers.
I wish the PRT market place every success, and I would hope that the PRT team finds a more fair and effective approach to protect the buyer’s interests against those of the sellers. Evidently, no one can request to make always money with bots, or even do at all, but what a buyer can request is, that programmers don’t exclude in their codes trading at difficult market times just they know about because these happened in the past, and then try to demonstrate a level of trading safety using the bot which in real future life won’t exist – as “difficult” market times for any algorithm will for sure come up again.
I should add: on the cited platform, people share apparent trade results on demo and live accounts. But even these can be faked as experience has shown. The importance of a reimbursement method for proven questionable products isn’t lowered just if sellers need to show some trade results. These are two different matters indeed.
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