There has always been a very serious issue in automated trading that deals with the use of free material by expert advisor sellers to create commercial expert advisors they then sell online. In the following post I will try to address this very serious and delicate issue and tell you how deep it actually is.
From time to time I have read on the internet about the use of free material found in forums by automated system creators to make systems they then sell on ebay or on websites for a nice profit. Of course, on several cases there hasn't been anything but a rumor but on others there has been a certainty of proof with at least a decompiled version of the commercial ea and the source of the free expert that shows a total match. Most of you may think that this is enough to blame a commercial expert advisor creator of copying free material for it´s use in a commercial product but the truth is that this is not enough. Was the expert really copied by the seller or was it copied by someone in a forum after decompiling the commercial ea ?
Who really holds onto the truth ? It is very difficult to really charge a commercial ea seller with theft because the date in which the expert became available online and the date in which the seller began to offer the product are often not so easily found. The ea seller may be a victim or he may well be the perpetrator of a crime. It is therefore really difficult to know the truth and to really know if the ea seller is being honest or if he is trying to get away with your money for something you might have found online for free.
Now, if every expert advisor out there for which I know there is a free equivalent would be taken as a theft from the ea seller then we could say that this issue is dramatically frequent, even a common thing in today's metatrader 4 automated trading world.
My advice ? Do your homework. It is very easy for an expert advisor seller to get away with this kind of theft if you are unaware that what he is selling has an exact equivalent of something found on the free market. Most of the time these expert advisor sellers lack a correct understanding of the expert's logic and most of the time they only find experts that have good backtesting and try to sell them with this scarce evidence. Again, as I have said many times, never buy something that is not being tested on live accounts and that have an investor password to access the testing. These expert advisors are really hard to find but that is for a very good reason Finding a long term profitable system is no easy task.
If you would like to learn more about free and commercial expert advisors I have tested and reviewed please consider buying my ebook on automated trading or subscribing to my weekly newsletter to receive updates and check the live and demo accounts I am running with several expert advisors. I hope you enjoyed the article!
From time to time I have read on the internet about the use of free material found in forums by automated system creators to make systems they then sell on ebay or on websites for a nice profit. Of course, on several cases there hasn't been anything but a rumor but on others there has been a certainty of proof with at least a decompiled version of the commercial ea and the source of the free expert that shows a total match. Most of you may think that this is enough to blame a commercial expert advisor creator of copying free material for it´s use in a commercial product but the truth is that this is not enough. Was the expert really copied by the seller or was it copied by someone in a forum after decompiling the commercial ea ?
Who really holds onto the truth ? It is very difficult to really charge a commercial ea seller with theft because the date in which the expert became available online and the date in which the seller began to offer the product are often not so easily found. The ea seller may be a victim or he may well be the perpetrator of a crime. It is therefore really difficult to know the truth and to really know if the ea seller is being honest or if he is trying to get away with your money for something you might have found online for free.
Now, if every expert advisor out there for which I know there is a free equivalent would be taken as a theft from the ea seller then we could say that this issue is dramatically frequent, even a common thing in today's metatrader 4 automated trading world.
My advice ? Do your homework. It is very easy for an expert advisor seller to get away with this kind of theft if you are unaware that what he is selling has an exact equivalent of something found on the free market. Most of the time these expert advisor sellers lack a correct understanding of the expert's logic and most of the time they only find experts that have good backtesting and try to sell them with this scarce evidence. Again, as I have said many times, never buy something that is not being tested on live accounts and that have an investor password to access the testing. These expert advisors are really hard to find but that is for a very good reason Finding a long term profitable system is no easy task.
If you would like to learn more about free and commercial expert advisors I have tested and reviewed please consider buying my ebook on automated trading or subscribing to my weekly newsletter to receive updates and check the live and demo accounts I am running with several expert advisors. I hope you enjoyed the article!
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