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I wouldn't say its about "encouraging people to buy indicators"....that sort of implies that every vendor under the sun is going to create his/her own thread and promote their signals to the masses, hoping to capture pools of potential paying customers.
I would say this is more of a scenario where a futures.io (formerly BMT) member sees something they like, and wants to team up with a handful of other futures.io (formerly BMT) members who also likes the same thing, for any number of reasons:
-reduce the financial out of pocket risk (share the cost)
-learn as a group, instead of learning as an individual
-bounce concepts off each other, sharing different perspectives
Lets say you put a trade on, and you have to decide if you want to put your stop at 50 ticks or 10 ticks.
10 ticks dramatically reduces your financial risk, and 50 ticks increases it.
How is this concept any different?
Guess what....at the end of the day people are going to buy indicators anyway.
Whether those indicators are scams or legitimate, well thats another story
Around 5% move the market. 10% try to follow the 5%. The rest provide liquidity.
Can you help answer these questions from other members on NexusFi?
I'm not following....are you saying that if we found something we really liked, you could figure it out (decode) and replicate it?
Isn't that simply called reverse engineering?
Or are you saying that if we wanted something custom, like an audio alert or something.....you could program that for us.
Around 5% move the market. 10% try to follow the 5%. The rest provide liquidity.
The latter...take a look at all the indicators in the downloads area. Those are examples of what I'm referring to. If you want to purchase something like RJay's HybridRenko and then share the cost of that with others, then I would not be a party to that. Products like that which are offered to the public for a price is a problem imo. The fact is that most of those products are protected as was described in one of the early posts. So sharing the cost for purchase of a product like that isn't feasible anyway.
I'd rather see futures.io (formerly BMT) members "Team Up" to take a basic system (BO type or other) and have a contest to see who can make it the most profitable, using MM etc., with some sort of prize for the winner. (buying indicators is a waste of money)
Sharing different and creative MM etc., techniques would benefit us all.
How about a fun challenge to those who believe they can create an automated strategy that is profitable? My intention is to start a discussion where algo traders can show off their strategies and learn something in the process.
Well, this thread didn't seem to generate much interest, oh well.
If anyone out there is looking for partners to team up on an indicator, you are more than welcome to PM me, or post in this thread.
On the same token.....I have been collecting a list of vendors that I want to try.
This group of indicators is very effective, but a bit out of reach in terms of cost.
I don't want to publicly list them all (theres only 4-5) because Big Mike might consider that "vendor advertising" so you'll have to PM me and I'll send you the list, you can evaluate them on your own.
I think 3 of them have videos of youtube.
Then if you're interested in partnering up, we can set something up.
Thanks.
Around 5% move the market. 10% try to follow the 5%. The rest provide liquidity.