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Elite only for ALL downloads?
Started:September 2nd, 2011 (07:08 AM) by Big Mike Views / Replies:48,364 / 524
Last Reply:September 10th, 2011 (02:54 PM) Attachments:0

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Elite only for ALL downloads?

Old September 5th, 2011, 04:11 PM   #151 (permalink)
Elite Member
Futures Experience: Beginner
Platform: NinjaTrader, MarketDelta
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Like several other posters have already mentioned, it all depends on what you are trying to achieve at futures.io (formerly BMT) by making the changes.

I am all for Elite-only downloads but I think that whatever changes are made should definitely not have any adverse affect on existing Elite members and hopefully will enhance Elite membership.


Last edited by dowtrader; September 5th, 2011 at 04:15 PM. Reason: typos

Old September 5th, 2011, 04:14 PM   #152 (permalink)
Elite Member
Futures Experience: Intermediate
Platform: ninja trader
Favorite Futures: eur/usd
Posts: 10 since Nov 2010
Thanks: 0 given, 1 received

I don't have a lot to say but;
1. you provide a forum unequalled in quality
2. the education within your site is extrordinary
3 .a lot of the elite members are amongst the few willing to share MEANINGFUL information and experience
4. not all the charlatans and b******t artists are on the sell side of this industry. anonymous egomaniacs abound

my thoughts on your dilemma
1. double the fee to $100
2. have a trial (say 14 days) which does not allow downloads
3. if any member is found guilty of posting forum downloads to other sites without the poster's specific permission- automatic expulsion
4.use some of the extra money to check membership info e.g. email ,phone ,address
5. don't allow nicknames - "hotrod harry" should be "peter hughes from australia"

In the end it's your site if you're not comfortable with the c**p then get rid of it


Old September 5th, 2011, 04:14 PM   #153 (permalink)
Elite Member
Cincinnati Ohio
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Futures Broker
Favorite Futures: AUD
Silver Dragon's Avatar
Posts: 1,595 since Feb 2011
Thanks: 3,800 given, 3,305 received

if this route is taken then some type of evaluation of the code would have to be done. If not the download section would be clogged up with garbage indicators from people trying to make a quick buck.

bobbakerr View Post
I somewhat agree with Massive. Only the opposite for the cost: Elite contributions the same; but the Downloads section much more expensive. If someone truly wants to download, he must truly pay for it, with the amount split 50-50 between Big Mike and the person who wrote the code.

nosce te ipsum

Trade what the market is doing; NOT what you think its going to do.


Old September 5th, 2011, 04:14 PM   #154 (permalink)
User requested to be banned
Orlando, Florida
Futures Experience: None
Platform: shoes
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Posts: 6,462 since May 2011
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I was actually surprised to find so many indicators to download without joining the site as an elite member. Requiring a $50.00 paid membership to download quality indicators is cheap.

There are some incredible programmers who share their work here. I'd even support allowing members to charge per single indicator, at the contributor's discretion. The images and descriptions give an idea of what the indicators do, and programmers could post threads as a free example to show how they use them.

But, my general comment on indicators is that none can save you. An indicator is a tool, but no more makes one a trader that owning a circular saw makes one a carpenter. The real value to futures.io (formerly BMT), in my opinion, is the wealth of knowledge that is shared in the journals and posts. Seeing how other traders use the indicators that they have, learning the psychological make up of succesful traders, etc.


Old September 5th, 2011, 04:16 PM   #155 (permalink)
Elite Member
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Platform: mt4,nt
Favorite Futures: forex
Posts: 3 since Apr 2011
Thanks: 0 given, 1 received

Futures Edge on FIO
I think this is one of my first posts here. I don't think I have downloaded any thing from this site. Givers gain! It seems to me this thread is full of what we as traders see most often - fear and greed. Who cares if someone is benefiting from our work? If you feel like futures.io (formerly BMT) is not charging enough then donate. Sounds like Warren Buffett's argument. If greed is not an issue then give it away. It hasn't stopped people from posting up till present. I think it takes away from community of giving. I am not a socialist and think its time capitalists recognize that system needs adjustments. I don't like government intervention but somehow the greed needs to be dealt with. If someone has a code they don't want to give away then have a charge zone. Givers Gain! I will make a better contribution. It has been a real challenge to learn this trade and now have some experience and knowledge which may benefit others. Thanks for this site futures.io (formerly BMT).


Old September 5th, 2011, 04:16 PM   #156 (permalink)
Trading Apprentice
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Stocks
Posts: 2 since Sep 2011
Thanks: 0 given, 0 received

maybe Elite for Elite SW

Hi there ,

my first post - here it comes !
As I am a total newbie to trading and this forum - I'd just add :

Let the designer of the code decide !

Then you've got it all - resonable appreciation of hard work (Elite) and still the option to share freely if desired.

Thanks for this plattform - Mike! I feel it's worth millions



Old September 5th, 2011, 04:16 PM   #157 (permalink)
Elite Member
San Mateo, CA, USA
Futures Experience: Intermediate
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dkrumholz View Post
Let me start by stating the obvious - you have every right to do what you want.

I am a web developer and consultant to several other web communities so here is what I would counsel -

If your goal is to earn income then of course you should charge - as much as you can!

If you are really only trying to thwart bots then you just have a technical issue.

If you are trying to prevent copyright infringement then it is time to discuss the issue with a lawyer. I see nothing wrong with soliciting dollars from community members to go toward legal fees.

If your goal is to expand this community - limiting access will have the opposite effect.

I would however pursue everyone that did not provide acceptable attribution.

The community and it's content has value. I assume that your goal is to maximize that value. Just make sure that you reallistically decide what it is that you want to accomplish before deciding how best to proceed.

dkrumholz, I like your post a lot. This is very clear judgement about the situation.

BigMike, Thank you very much for making this wonderful site. I guess now there are so much voice on this subject, would you think this suggestion useful? Design a questionaire, the big structure could be just like dkrumholz's idea. Let's do some online poll as this thread are moving forward.

The following user says Thank You to ilikeread for this post:

Old September 5th, 2011, 04:17 PM   #158 (permalink)
Elite Member
Noosaville QLD Australia
Futures Experience: Intermediate
Platform: Ninja Trader, Genesis
Favorite Futures: Futures, SPI 200
Posts: 15 since Sep 2010
Thanks: 33 given, 5 received

good idea I think

Hi Mike,

I think it sounds like a good idea to have downloads only for Elite members only. If anyone is serious they will pay the membership to get access to the downloads. For me futures.io (formerly BMT) is excellent value with so much good info for not a lot of cost to members, so I think what you are saying is very reasonable.




Old September 5th, 2011, 04:18 PM   #159 (permalink)
Elite Member
Philadelphia, Pa
Futures Experience: Advanced
Platform: Ninja 7
Broker/Data: Amp/CQG
Favorite Futures: CL, ES
longboat's Avatar
Posts: 130 since Jun 2009
Thanks: 843 given, 183 received

Yea I think elite only for downloads is probably the best way to go


Old September 5th, 2011, 04:18 PM   #160 (permalink)
Elite Member
Vernon, BC, Canada
Futures Experience: Beginner
Platform: Sierra Charts
Broker/Data: Zaner Group (Transact)
Favorite Futures: ES
Posts: 103 since Apr 2010
Thanks: 113 given, 62 received

I love this site. As I am a newbie, I haven't posted much BUT I plan to start a journal in the next week.
If the following are the issues
1. Honoring the work put in by indicator contributors. - How do the developers feel about poaching of their work?
2. Keeping a community feeling and generosity of spirit on this site. Haven't the moderators done a very good job of this?
3. encouraging enthusiastic forum participation by all members. I guess I fit into this one. I was attracted to this site by Beth's thread. I did post to her thread and I have hanked a few contributors but until I have a few months of screen time under my belt, I am not qualified to coach.
4. Since you see a problem, I can not disagree because you have the biggest overview. I would totally support your suggestion if implemented.
B.T.W. I am an elite member and am very happy I chose to be one.


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