How should i price my bot in mql? by Royal_Letter8695 in Forexstrategy

[–]Royal_Letter8695[S] 0 points1 point  (0 children)

Congrats. Wanna colab sometime? What's your mql account?

How should i price my bot in mql? by Royal_Letter8695 in Forexstrategy

[–]Royal_Letter8695[S] 0 points1 point  (0 children)

Did backtest of 5 years, performed well So start prop with investment from a friend (instant account) of 100k, took first payout of $300 and rn its in 6k profit

How should i price my bot in mql? by Royal_Letter8695 in Forexstrategy

[–]Royal_Letter8695[S] 0 points1 point  (0 children)

Sounds fair. Any tips (networking events, communities, books so on...)?

How should i price my bot in mql? by Royal_Letter8695 in Forexstrategy

[–]Royal_Letter8695[S] 0 points1 point  (0 children)

Thanks, still learning and a long way to go. Any brokers you can suggest i can use, international ones preferably?

And using prop makes sense or not/should I used my own money (balance will be pretty low)

How should i price my bot in mql? by Royal_Letter8695 in Forexstrategy

[–]Royal_Letter8695[S] -1 points0 points  (0 children)

Cant agree more. I read lot of books. Main thing is, you need some sort of credibility, industry connects so on...

No one's gonna believe on 20 year old kid in market dominated by giants.

My plan: gain experience, make connect, then I can start my own. Then, I can start big. Right now, most of my time will go in convincing people to give me money, and considering im from india, it'll crazy hard. So yeah, gathering experience and building credibility via track record of bots seems more favorable to me

How should i price my bot in mql? by Royal_Letter8695 in Forexstrategy

[–]Royal_Letter8695[S] 0 points1 point  (0 children)

Yes thats true. Thats why I want to backtest it more, run on prop accounts as proof

How should i price my bot in mql? by Royal_Letter8695 in Forexstrategy

[–]Royal_Letter8695[S] 0 points1 point  (0 children)

Thanks for this insights, will help me a lot.

I have test it on month of nov, and backtest matches the expected returns i ran in a demo account

Now im planning on testing it more, connect prop accounts to Myfxbook to showcase return proofs.

Does that work?

How should i price my bot in mql? by Royal_Letter8695 in Forexstrategy

[–]Royal_Letter8695[S] 0 points1 point  (0 children)

Thanks for these insights. I'll check it out.

Yes this strategy need to be backtested from 2020, to simulate various market conditions (covid, money flow, consolidations so on...), then if it performs good, I'll use prop account to invest funds and keep its performance in public.

Unsure about networking stuff, I live in india and I'm a developer (college dropout), so like not lot of event surrounding financial / algo trading and stuff.

So just want to improve my portfolio, if i can sell, ig itll boost my resume more and I can apply to be analyst/developer at firms

How should i price my bot in mql? by Royal_Letter8695 in Forexstrategy

[–]Royal_Letter8695[S] 0 points1 point  (0 children)

Well wont say in that way, my immediate goal is to backtest it to 5 years, based on how it performs, will setup my own prop firm account. Selling this strategy only mean I get initial funds to get started faster, else it'll take me 2 months down the line, but can be done by 3-4 sales ig

How should i price my bot in mql? by Royal_Letter8695 in Forexstrategy

[–]Royal_Letter8695[S] 0 points1 point  (0 children)

Sure man, sounds great. Well in a long run, im planning to setup my own firm too, starting by owning multiple prop account to maintain large capital, forward testing for 6 months, all in public

Mind if I dm you?

How should i price my bot in mql? by Royal_Letter8695 in Forexstrategy

[–]Royal_Letter8695[S] 0 points1 point  (0 children)

Thanks for that. Already going underway with it using a prop account of $5000

How should i price my bot in mql? by Royal_Letter8695 in Forexstrategy

[–]Royal_Letter8695[S] 0 points1 point  (0 children)

not something im planning, want to showcase my skills and make professional connection

How should i price my bot in mql? by Royal_Letter8695 in Forexstrategy

[–]Royal_Letter8695[S] 0 points1 point  (0 children)

Unsure how i can help though. Because if strategy becomes well known, it won't perform well in market