MetaTrader 5 Help

How to Purchase an App

How to Purchase an Application

The Market features thousands of products for the trading platform. They include trading robots and technical indicators and useful utilities. In addition to purchasing, you can download a variety of free useful applications from the Market.

Thousands of products are featured on the Market. This section will help understand the wide range of application in order to select and purchase the right product.

  • Before starting with the Market, please carefully read the service rules. The rules are published on the MQL5.community website.
  • When you work with the Market service, it is recommended to use your MQL5.community account. You can see information about all your payments and purchased applications in your profile, as well as update applications and install them on other platforms. Specify your account details in the platform settings.
  • Each product is tied to the configuration of the computer it is purchased from. The number of free product activations available to the buyer on another computer after purchasing the product is defined by the seller. The minimum number of such Activations is 4.

How to Choose a Product on the Market

Watch video: How to search and choose applications

Watch video: How to search and choose applications

The Market features a well-developed product filtration and sorting systems. Each product has a detailed description and screenshots. Trading robots and indicators have demo versions. Watch our video to know how to use all these options and make the right choice.

Open the Market tab in your trading platform to move to the main page with a list of the most popular applications.

Market

Use the top panel to move to the desired product category: experts, indicators, panels, utilities, etc. All applications are conveniently grouped based on their price and novelty.

Selecting products on the Market

Product categories

  • Robots for automated trading
  • Indicators for technical analysis
  • Graphic panels for automation of various actions
  • Libraries for extending application functions
  • Analyzers for searching for regularities of the market
  • Utilities performing various tasks

Price and novelty

Products can be additionally sorted by price, novelty and popularity. You can also switch to viewing only free products.

Search

Applications can be searched by name or descriptions. For example, you can type "trend" in the search bar to view the products whose descriptions contain the specified word.

Applications can be searched by name or description. For example, you can type "trend" in the search bar to view the products whose descriptions contain the specified word.

Selecting a product and click on it to see a more detailed description.

A toolbar at the top allows switching between the application information tabs: full description, screenshots and reviews.

General information about the product

Screenshots

View product screenshots to understand how it works.

Reviews

It is important to read the feedback and comments of other traders who have purchased and tested the application.

Favorites

If you like a product but are not sure about purchasing it, add it to Favorites. So you can easily get back to it at any time. All Favorite products are displayed on a separate tab.

Rating

Every customer can rate a product and give it 1 to 5 stars. Check out the product rating before transferring the payment for it.

Price and number of activations

Information about the application price, as well as the cost of its rent is it is available.

All programs downloaded from the Market are securely encrypted. This is to protect them from unauthorized use.

Encryption is performed so that the product can be run only on the computer from which it is downloaded. The process of product binding to a computer is called activation.

Every product on the Market is provided with at least 5 activations: one is used during purchase, the other four are additional.

A seller may choose to increase the number of available activations. Read more about the activations in the service rules.

Product category

The category defines the essence of a product:

  • Trading robot
  • Technical indicator
  • Panel for trade automation
  • Libraries for expanding program functionality during development
  • Analyzer for data research
  • An assistant utility

You can view other products of the same category by clicking on its name.

Current version

If you have already purchased the application, compare your version. Perhaps an update is available for you.

Updated

The date of the last update. If a product has been updated recently, it means the author continues to improve it.

Author

Click on the name of the product author to view their profile on MQL5.community.

How to Add a Product to Favorites

A huge number of products is available for purchasing. When searching for products, you can add any of them to Favorites in order to select the best one. Add/remove a product from Favorites by clicking Add to Favorites on the list and overview page.

All Favorite products are displayed in a separate tab:

Favorites

How to Test a Product before Purchasing

Watch the video: How to test Expert Advisors and Indicators before purchase

Watch the video: How to test Expert Advisors and Indicators before purchase

Before making a purchase it is recommended to test desired trading robots and indicators. It is an easy and free-of-charge operation that gives you more confidence in a product. Watch the video for details.

Before purchasing an application you can download its demo version. To do this, click on the product and then click "Free Download".

Demo versions have some limitations:

To quickly start testing an application in the Strategy Tester, run it from the Navigator window.

Testing a demo application

Next click "Test". The application will be selected in the Strategy Tester. You only need to set parameters and start testing.

Once the testing process is over, review the detailed report in the Results tab to evaluate the trading strategy based on various trading figures and charts. The details of trading operations performed by the Expert Advisor can be viewed in the tester logs.

Indicators are tested in the visual mode. You can view their behavior on a chart, which is plotted based on a sequences of ticks simulated in the tester.

How to Purchase an Application

Watch video: How to purchase a trading  robot or an indicator from the Market?

Watch video: How to purchase a trading robot or an indicator from the Market?

Any trader can find thousands of trading robots and indicators in the Market. You can purchase them straight from the platform. Watch the video to find out the details.

To purchase an application, click on it and then click the "Buy" button.

  • The price of a product is displayed under its logo.
  • Before buying a product, specify your MQL5.community account in the platform settings.

Purchasing a product

To transfer a payment, you can use your MQL5.community account funds. To do this, select MQL5 payment method.

Enter the password of your MQL5.community account to confirm your purchase. The specified amount is deducted from your account, and the product is downloaded to your platform.

Making a purchase, you agree to the Rules of Using the Market Service.

If you do not have enough money on your MQL5.community account, you can pay via one of the available payment systems directly in the platform. To maintain a clear and unified history of purchases from the Market, the required amount is first transferred to your MQL5.community account, from which a payment for the product is made then.

The page of the corresponding payment system is opened after you select a payment method. Specify the necessary payment details: your login and password in the payment system or card information.

Purchase confirmation

The specified amount is deducted from your account, and the product is downloaded to your platform.

  • All purchases and downloads are displayed on the Purchased tab.
  • Products are downloaded to the /MQL5/program_type/Market/ platform folder, where program_type is an application type. For example, Expert Advisors are downloaded to /MQL5/Experts/Market/.

Where can I see my purchases?

The "Purchased" tab displays all the products downloaded and purchased using the current MQL5.community account. If MQL5.community account data are not specified in the platform settings, the tab name changes to "Downloads". It displays all downloads and purchases made in the current trading platform regardless of the account.

Purchased/Downloads

This tab displays the name, price and date of product purchase/download. Demo versions are labeled as Demo. If you click on the product category, it will be selected in the Navigator window.

How to Install an Earlier Purchased Application

Watch video: How to update, renew the rental period and reinstall products

Watch video: How to update, renew the rental period and reinstall products

All your products are tied to your MQL5.community account or to your computer and are always at hand. You will always know about updates, will be able to renew the rent or download a previously purchased product. Watch the video to find out how easy that is.

You may need to move a previously purchased application to another platform. For example, you may use several trading platforms on one or several computers.

If you use several platforms on the same computer, copy the ex5 file of the application to a similar folder of the target platform. For example, you should copy a file from [source trading platform]\MQL5\Indicators\Market to [target trading platform]\MQL5\Indicators\Market.

If you need to move a previously purchased product to another computer:

  • Specify your MQL5.community account data on the Community tab of the target platform.
  • Open the "Market" tab and move to the Purchased section. Click "Install" near the purchased product:

Installing the previously purchased product

Each product is tied to the configuration of the computer it is purchased from. According to "Market" service Rules, the number of free product activations available to the buyer on another computer after purchasing the product is defined by the seller. The minimum number of such Activations is 4. Further on, a user will have to purchase them again.

How to Update an Application to the Latest Version

From time to time sellers may release updated versions of their products to increase reliability and extend functionality.

  • All updates of previously purchased products are free of charge.
  • Updates of products become available in the trading platform with a short delay after they are published in the Market on MQL5.community.

To check whether new versions of your previously purchased or downloaded products are available, go to the "Purchased" tab.

Updating products

If a new version of a product is available, you will see the corresponding message against it as well as the "Update" button (or the "Update demo" button for demo version of paid products).

Once this button is pressed, the new version will be downloaded. The new file replaces the previous one. Thus if need, save the old version of the file under a different name or outside of the directory [platform data folder]\MQL5\Market\.