Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

How to Make Money using MetaTrader 5 Strategy Tester Agent

1 min read

If you have an unused computer and you want it to make money for you while it takes up room in your house or office, here is an idea.

A new software called MQL5 Cloud Network, launched during Oct 2011 by MetaQuotes Software Corp, will enable you to rent out the computer without physically taking it out.


 
MQL5 Cloud Network will help people with an unused computer rent its spare resources to those who need it. The powers of such a system could be used by developers of automated trading systems (trading robots) or researchers who might need large amounts of computation. The owner of the leased computer will receive fees for providing the resources.

You can sell your computer’s CPU to other members of our network for a variety of tasks, from trading strategy testing to distributed computing required in the development of new drugs.

Steps to setup Metatrader 5 Strategy Tester Agent
1)Download the Metatrader 5 Strategy Tester Agent
2)Register for your account and Sign in to your account
3)Install the Metatrader 5 Strategy Tester Agent

4)MetaTrader 5 Agents Manager settings dialogue box will appear after the installation. Firstly check “Join MQL5 Cloud Network” option in the “Overview” tab to join the network. That will let testing agents register in the nearest MQL5 Cloud network manager and receive calculation tasks from him.

5)MetaTrader 5 Strategy Tester determines the number of logical cores automatically and installs an appropriate number of testing agents. Unified “MetaTester” password is assigned for the agents by default. All agents are available at the same IP-address but each of them has its own port. Other port numbers can be indicated and a password can be changed if necessary. That settings do not interfere with MQL5 Cloud Network functioning.

6)Check “Allow public use of agents” option at the MQL5 Cloud Network tab to make the agents available to all distributed computing network users. To sell computing resources of your agents you should check “Sell computing resources through a MQL5.community account” box and insert a correct MQL5.Community account to let money transfers for utilized computing resources.

6)The last setting at the “Scheduler” tab allows to create a schedule of your agents availability in MQL5 Cloud Network. For example, you can prohibit execution of computing tasks during your working time, in case you need CPU power of your computer for yourself.

7)Setting of the agents is finished at that stage, all other actions involving agents are performed from the context menu by clicking the right mouse button. You can select the agents you need and perform the necessary actions: stop, restart or delete.

Now, you can close the MetaTrader 5 Agents Manager window, the agents are launched as services and do not require attention from you. You can change their settings at any moment by starting MetaTrader 5 Strategy Tester application from Start menu or the desktop icon if necessary.

You can also manage testing agents from your MQ5.community profile. “Agents” section contains all necessary data. If you hover your cursor over an agent, “Turn off” and “Delete” options icons will appear.

And you can withdraw your money using either webmoney or paypal

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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7 Replies to “How to Make Money using MetaTrader 5 Strategy Tester…”

  1. nice idea but is it feasible in India taking the cost of electricity and fluctuating Re rates into consideration. Also what if i keep my pc for usage but my pc resources dont get used by the trading system.

  2. It is very interesting to know that we can earn money just by giving our unused computer.In this regard please let me know ,how much the company will give for each computer per month.
    Raghu

  3. i have a few machines that ive put it on they have been running for a month now and i only made $5.00 and have 34 machines running is there something ithat im doing wrong?

    1. I’m using this for more than one year now, and I can tell it’s normal, but the amount varies very much each day. One day 0$, another day 0,03$, as you can see into your account.

      We are 3000+ machines and more than 10.000 agents, so the traders have the choice and the amount vary depending the performance of your CPU + your memory.

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