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Elite only for ALL downloads?


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Elite only for ALL downloads?

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  #201 (permalink)
 peter88 
toronto
 
Experience: Intermediate
Platform: NinjaTrader
Broker: forex.com
Trading: forex
 
Posts: 32 since Aug 2009
Thanks: 28 given, 6 received

I agree with the downloads for elite only.

Peter88

 
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  #202 (permalink)
 pmb174 
Athens, GA
 
Experience: Beginner
Platform: TOS, S5Trader
Broker: Stage5Trading
Trading: Currency futures
 
Posts: 4 since Jan 2011
Thanks: 2 given, 2 received

I am such a new trader that any post I make would just be wasting the time of the experienced traders who make this site so great! I really appreciate the opportunity to learn from everyone else, and have no desire to steal and resell their work.

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  #203 (permalink)
 jammyhl 
Haywards Heath, UK
 
Experience: Intermediate
Platform: TradeStation
Trading: E-mini Dow/S&P 500
 
Posts: 4 since Aug 2011
Thanks: 2 given, 1 received

I'm new here (been elsewhere for a couple of years) but your site has already hooked me up with a vps provider and provided me some insight on alternate trading platforms to the one I'm been using to date. And this was before I've dipped into the downloads. Most of this info has been priceless in pointing me in the right direction. So I have no issue with paying for Elite access (hopefully that shows a more committed member), and therefore someone more likely to not only benefit from the download but hopefully to contribute further to the site with their experiences after using them.

So - by all means limit download access to Elite members

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  #204 (permalink)
 aircal 
Keller, TX USA
 
Experience: Intermediate
Platform: Tradestation, NinjaTrader
Trading: YM, ES, CL
 
Posts: 42 since Sep 2010
Thanks: 1 given, 38 received

Elite for downloads

That's 4 ticks on the ES....

 
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  #205 (permalink)
 PHXtrader 
Boston
 
Experience: Intermediate
Platform: Jigsaw
Trading: NQ
 
PHXtrader's Avatar
 
Posts: 84 since Apr 2011
Thanks: 48 given, 76 received

Yes to Elite only

JOURNALS SHOULD BE ELITE TOO!!


That way you don't get every schmo piping in on your journal that you work hard on.

Visit my futures io Trade Journal
 
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  #206 (permalink)
 1043mcc 
Nova Scotia
 
Experience: Intermediate
Platform: Ninjatrader
Broker: IB
Trading: ES
 
Posts: 3 since Jun 2010
Thanks: 11 given, 1 received

I agree with most, elite for downloads to improve/maintain the quality. The i will get off my butt and join elite. CHEERS,

 
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  #207 (permalink)
 Ken F 
Asheboro, NC
 
Experience: Intermediate
Platform: NT, TOS
Broker: Mirus,ZenFire
Trading: YM
 
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Posts: 15 since Feb 2010
Thanks: 140 given, 25 received

I think it's a good idea to limit downloads to elite members. If your not willing to spend $50 on an elite
membership, your just wanting an indicator for nothing or not serious about trading. I don't post often
here at futures.io (formerly BMT) but it was probably the best $50 that I have spent.

 
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  #208 (permalink)
 madelynnjohnson 
Laramie, Wyoming
 
Experience: Advanced
Platform: Ninjatrader
Broker: NinjaTrader Brokerage
Trading: TF, 6E, ES
 
madelynnjohnson's Avatar
 
Posts: 117 since Jun 2011
Thanks: 331 given, 319 received

Mike,

I agree that ALL the downloads should be in the elite section. There is a lot of work and time invested in the creation of indicators/strategies, etc. which should not be subject to scavengers. It is important to maintain the integrity of this site because we are all contributing members to the creative process that is going on here. Even if we just ask questions or make comments about the work of others we are contributing and that should be protected.

You might want to consider allowing those indicators that are posted at the NinjaTrader forum and found on futures.io (formerly BMT) to be available for download outside the elite section just for convenience for those members not interested in becoming elite members. However, to my way of thinking - anyone seriously interested in trading and all its aspects will definitely want to become an elite member.

Also, one of the difficulties that I am having is finding indicators which are in the process of being created or improved within threads. It is also difficult at times to know which is the most current within the threads or how many versions we are working with. Is there some way to catalogue indicators/charts/strategies within a thread for easy location. It's tough when you are looking at 100+ pages within a thread.

Thanks for all your work,
Madelynn

 
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  #209 (permalink)
 vpmcorp 
newark nj
 
Experience: Advanced
Platform: ninja
Broker: zenfire
Trading: es oil gold 6a 6b zw
 
Posts: 1 since Jan 2010
Thanks: 0 given, 0 received

I strongly believe you have every right to, and should, restrict downloads to elite members. You put an enormous amount of your time building this site so traders of all skill levels can continue to learn and grow with others. I'm also sure every trader that ever visited your site has paid hundreds, if not thousands, of dollars on other "education" sites and chat rooms, so asking for a nominal fee to access the download section is not unreasonable.

I do think it would be unreasonable to ask us to post 50 messages to the forum. I really believe I personally have nothing yet of significance to offer the more profitable traders here. I suck at trading. This is why I am here, to draw on others knowledge and hopefully someday soon have something to offer in return.

 
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  #210 (permalink)
 Malvolio 
Frankfurt, Germany
 
Experience: Advanced
Platform: TT, ProRealTime
Broker: Advantage
Trading: Futures
 
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Posts: 145 since Nov 2010
Thanks: 93 given, 84 received

I agree with the downloads for elite only if this will prevent spammers and help to grow this forum with people willing to help and contribute.

 
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  #211 (permalink)
 stephenszpak 
Massachusetts (USA)
 
Experience: None
Platform: NinjaTrader
Trading: YM
 
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Posts: 778 since Jun 2009
Thanks: 144 given, 356 received


Big Mike View Post
All,

I am contemplating a major / drastic change to the behavior of all downloads on the site. The change would be to make all downloads Elite Only.







Mike

My opinion is to make everything Elite.


Big Mike View Post
In fact, lately I have been wondering if futures.io (formerly BMT) is getting "too big"

If indeed the current cost of becoming an Elite member is $50 and you are truly serious about
slowing the growth of new members, then make everything Elite AND increase the cost, at
least temporarily, to $200.

Next year, after the matter is under control, the cost of Elite membership could, of course,
be reduced to whatever.

- Stephen

 
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  #212 (permalink)
 ChrisMoody 
Chapel Hill, NC
 
Experience: Advanced
Platform: Trade Navigator, MultiCharts, TOS
Broker: Stage 5, FXCM, IQ Feed
Trading: Futures, Forex, Options
 
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Posts: 12 since Aug 2011
Thanks: 22 given, 3 received

Big Mike...

I signed up on your forum to learn and contribute MultiCharts indicators. I haven't been active since I haven't started the process of switching over to MultiCharts.

I'm switching from Think or Swim and there is a great coder named Eric that started Thinkscripter.com. It is a great forum for TOS users structured very similar to yours, although not nearly as comprehensive. Here are a few things he did that made his site successful.

1. Allowed people to sign up for free and get downloads for BASIC indicators he created and any indicators that people posted in the (FREE) part of the forum. This gives new people the opportunity to test out the forum before they spend money.

2. Had an (ELITE) area where his more advanced indicators were and where Elite members couple post there indicators and collaborate with each other. Obviously FREE members don't have access to this area.

3. One suggestion for you Big Mike....One of the things Eric did for Elite members is every couple of months he posted A downloadable zip file with all current Indicators he had written so everyone would have the latest coding improvements. If you could allow elite members to subscribe to, for example MultiCharts indicators and provide a downloadable zip file for all of the indicators associated with MultiCharts (Best Option), or at least all of the Indicators you created (since your such a talented coder) I think it would add value to becoming and Elite member. I would even be willing to pay a premium for this service.

In Summary
1. Let people join for free, some make great contributions and allow them to post indicators and download indicators that are posted in the free section.

2. Have an Elite section that serious members can post in and only elite members can download.

3. Consider creating a subscription service based on a particular platform, for either all indicators associated with that platform or at least the ones you created.

Thanks for creating this great forum...I look forward to becoming a more active member...

 
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  #213 (permalink)
 alvin050 
Singapore
 
Experience: Intermediate
Platform: NinjaTrader, Metatrader
Trading: Forex
 
Posts: 1 since May 2011
Thanks: 7 given, 0 received

I am thankful that Mike and many others have given this a lot of thought. It shows their passion towards this wonderful site, which contains more trading wealth than many of us realize. I'm for the idea of downloads for Elites only, cos this will prod members to explore the site more fully and make better use of its resource. Thanks for everything.

 
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  #214 (permalink)
 sam028 
Site Moderator
 
 
sam028's Avatar
 
Posts: 3,669 since Jun 2009
Thanks: 3,789 given, 4,505 received

I also like the idea. That will mean, for me, less forum time to be spent in "cop" mode (the first 2 bans for self-advertising or spamming are fun, but not the next 498 ).
I'm also a bit scared by the growth and the size of the forum, I hope the quality will stay as good as it is now, but there is a real risk here.
There is only 1.2 moderators (I'm the 0.2, Mike is the 1 ) for 18.5k members, more 140k posts, 150 to 250 posts/day, which are all read by us (sooner or later, and very quickly for me sometimes, I confess), so every thing which will help our job to keep the quality of the website is good for us and the community.

Success requires no deodorant! (Sun Tzu)
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  #215 (permalink)
 crossover 
Belgium
 
Experience: Intermediate
Platform: ninja
 
Posts: 126 since Jun 2009
Thanks: 373 given, 312 received

I discovered the BM forum in a search of having more and better background on how indicators, systems and strategy's work. I did learn a lot and it was clear to me that this forum is not "a" forum but its the best there is ( in my opinion ) Downloading indicators from the forum to misuse those ( rename and selling etc...) is the lowest there is. So i agree fully on moving everything to the elite site for downloads.

But with that, the solution is not resolved i guess
There sould be a code that appaers when the indicator os downloaded and installed. For example the name of an indicator downloaed from BM is alway beginning with BM........( BMmacd, BMstoch....)
So everybody knows its coming from the forum of BIG MIKE
I dont know if that is possible

just my 2 eurocents

 
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  #216 (permalink)
 kvankuren 
Baltimore, MD
 
Experience: Beginner
Platform: TS & Ninja
Broker: TS / AMP
Trading: ES, NQ, Bunker C
 
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Posts: 42 since May 2010
Thanks: 94 given, 65 received


Big Mike View Post
All,

I am contemplating a major / drastic change to the behavior of all downloads on the site. The change would be to make all downloads Elite Only. I mean all downloads, in posts, threads, downloads section, everywhere globally. The only exclusion would be images (screen shots), but all other file types would be available only to Elite Members.


Mike

I support the move for all downloads to Elite membership along with a "non-disclosure" agreement for Elite membership, very similar to Roger Felton for his FT indicators. Unfortunately, I am not a talented futures.io (formerly BMT) programmer, and if I were to post my intellectual work on futures.io (formerly BMT) for it's membership, I would want some recourse if the indicators were pirated for financial gain. I am very grateful and appreciative of the seemingly unselfish help, both programming and trading posts, I would be disappointed if the flavor and attitude of the site were to change. Yes, by all means, Mike, provide some protection and recourse for the intellectual work / property found on this site. Just my 2.5 cents.
Kevin

 
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  #217 (permalink)
 DuctDr 
Boynton Beach Florida
 
Experience: Master
Platform: NinjaTrader
Broker: NinjaTrader Brokerage
Trading: Currency Futures
 
Posts: 3 since Jul 2009
Thanks: 0 given, 0 received

Mike,

Regardless of the problems you outlined I strongly feel you should charge for "membership" to download anything. You are the best bargain around for Ninja Trader indicators and anyone not willing to contribute a token amount for access does not deserve access.

Just my 2 cents worth. Keep up the great work.

Regards,
John

 
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  #218 (permalink)
 pmat 
Paris
 
Experience: Beginner
Platform: MultiCharts, Visual Charts
Trading: Index Futures, Stocks
 
Posts: 14 since Apr 2011
Thanks: 20 given, 1 received

I was contemplatng to register Elite membership, as this site deserve some support !

The point is to keep a resonable fee ; but as for me 50 bucks lifetime is a big OK !

Keep-on the great job here !

.

 
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  #219 (permalink)
 joed 
paramus, nj
 
Experience: Intermediate
Platform: ninja
Broker: zenfire
Trading: es 6e
 
Posts: 20 since May 2010
Thanks: 0 given, 0 received

Elite for downloads? If it was my site.. I;d make the whole damn thing Elite....


Joe

 
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  #220 (permalink)
 peter hughes 
australia
 
Experience: Intermediate
Platform: ninja trader
Trading: eur/usd
 
Posts: 12 since Nov 2010
Thanks: 0 given, 1 received

sam028's point is a very good one
quality beats quantity every time

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  #221 (permalink)
 shah1266 
hartford
 
 
Posts: 52 since Jun 2011

for the price of couple of lapdances ...whats $50?,if you want to join and steal indicators and sell them.. its peanuts.

 
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  #222 (permalink)
 sphereless 
Portland, Oregon. USA
 
Experience: None
Platform: Ninjatrader
Trading: CL, ES, Currencies
 
Posts: 4 since Aug 2010
Thanks: 2 given, 0 received

Hi Mike,


I'm one of those guys who signed up a while back and does not post a lot. I'm serious about trading, but have a serious learning curve to overcome in the code/computer world. I also feel at this point and time my knowledge in all areas of trading is limited and don't have a lot to share that would be worth others time.

On the topic of requiring people to pay. I'm for it. I do think it weeds out the troublemakers and seems like a very fair price for what you could potentially have access to. My vote is more exclusivity through price.


Thanks for asking,

Sphereless

 
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  #223 (permalink)
rainman2460
memphis tn
 
 
Posts: 1 since Jun 2010
Thanks: 0 given, 0 received

i think indicators don't help you make money, they r fun to look at but making money? never have they helped me, so this is one different view, charge for things that don't work. sounds like a downhill slide

 
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  #224 (permalink)
 spsilage 
Sunshine Coast Australia
 
Experience: Advanced
Platform: Ninja Trader
Trading: ES, SPI
 
Posts: 2 since Jul 2011
Thanks: 1 given, 1 received

Only new to trading forms and have been amazed by the ammount of stuff that you can get from futures.io (formerly BMT), I have no problem paying for things that benifit my trading and don't thing it unreasonable for futures.io (formerly BMT) to ask it either.

 
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  #225 (permalink)
 floyd084 
boston, ma
 
Experience: Intermediate
Platform: NT7
Broker: amp/zenfire
Trading: es
 
Posts: 10 since Feb 2010
Thanks: 3 given, 0 received


Eric j View Post
Maybe allow one to download after they themselves contribute an indicator or something of substance evaluated by the mods ? Something equal to or greater than the relative value of what they would be entitled to at least in the download section . All content here is valuable in my opinion but unfortunately theres individuals and entities that seek to profit from the hard work of others without contributing themselves .


This i think is a great idea, keep downloads for elite as is. And free members get limited downloads based on number of posts or other such criteria. Should help with the bots.

 
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  #226 (permalink)
 bradkop 
Minnetonka, MN, US
 
Experience: Advanced
Platform: Ninjatrader
Broker: NinjaBrokerage, Amp, Advanatage
Trading: Futures, CL
 
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Posts: 22 since Oct 2010
Thanks: 134 given, 15 received

I agree.
Make downloads Elite only if it will resolved the issues.

As someone with no posts so far. I have always found my answer and then some to my questions using search. I hope to soon be able to offer the quality of information I have received.

 
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  #227 (permalink)
 otterway 
kansas city
 
Experience: Advanced
Platform: ninjatrader
Broker: IQFeed, Ninja, Own C# with API to Trade King and IB
Trading: stocks
 
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Posts: 39 since Jul 2011
Thanks: 22 given, 25 received

From a new member... Why did I join the elite... I wanted to access download areas that might contain value that I did not find in the general areas... and I'm not sure as of yet if I've found what I'm looking for... because I'm not sure what it is that I'm looking for...

If you restrict by number of Posts... then I may be disqualified because I'm not at a level of contribution not because I don't have any knowledge to share... I'm not sure the road map is easy to follow...

I believe that I can automate trading against stocks and shave off profit. I use Ninja and IQFeed.

I have written many indicators and have written tons of code... but I'm not completely happy with what I have and the results in a down market. I have a program that will score 87% success rate in a non-attended mode.

What it is we're all looking for is "Where is the TOP" and "Where is the BOTTOM" of what ever we are trading. If any one ever found the answers to those questions who would want to share... The other problem I see is how do we evaluate the results of indicators that are shown.. I down loaded one where the author thought it would make a great indicator... only to find it wasn't even close...Test results from anything other than live trading are basically worthless...

I guess I should have started some topics like... What indicators are reliable to find the top or the bottom of a particular stock... What indicators are great for trending... scalping... and what areas need to be tweaked to fit my style.

In short... I have not been involved because I'm not sure there are like minded folks seeking the same goals as I am... but I have also not reached out... It has always been hard to get more than 10% of any membership active to take a leading role... I am not a follower... I guess I've been to busy trying crap on my own and not reaching for others...

In short I am guilty of taking without providing... but I never would resell or relabel something that I didn't own..

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  #228 (permalink)
 petronick 
Toronto
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Futures
 
Posts: 5 since Jun 2011
Thanks: 14 given, 0 received

I generally like the idea to make the site more exclusive attracting higher quality users. Therefore I like the vector of an upgrade you chose. An option to achieve that could be to reduce the amount of free downloadables instead of removing them completely.

 
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  #229 (permalink)
 mattsb 
Austin, TX
 
Experience: Advanced
Platform: TS, OT, ToS
Broker: TS, ToS
Trading: ES, ETFs
 
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Posts: 2 since Jun 2010
Thanks: 1 given, 1 received

I'm a newish user who doesn't post much but rather reads and digests. A Post quota only leads to a lot of crummy posts. Elite membership at only $50 at least keeps out the riff raff. It isn't much to ask. My 2 cents worth.

Thanks to all the posters who contribute so much!

Cheers.


 
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  #230 (permalink)
 Relentless 
Tuscaloosa, Alabama
 
Experience: Intermediate
Platform: NT7, TOS
Trading: Futures, Equities
 
Posts: 19 since Aug 2011
Thanks: 5 given, 7 received

ELITE ONLY for ALL downloads.

Hell yeah! I'd be charging more and have a competition between programmers to see who can come with the best indicator and automated trading system. I'd put some serious jack up for this contest - $2-5,000 total winnings and watch the magic happen.

Bryant

 
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  #231 (permalink)
 AR01 
CA
 
Experience: Beginner
Platform: MT4, Ninja Trader
Trading: EUR/USD
 
Posts: 495 since Oct 2009
Thanks: 400 given, 627 received

Both my wife and I are Elite members. It was just the right thing to do since both of us are using the forum. By all means, make the downloads elite only.

Andrew

Visit my futures io Trade Journal
 
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  #232 (permalink)
 DaveTrading 
Barcelona, Barcelona, Spain
 
Experience: Intermediate
Platform: NinjaTrader, TWS
Broker: IB - AMP/CQG
Trading: Futures, Options
 
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Posts: 40 since Oct 2010
Thanks: 586 given, 49 received

In few month I have learn more on futures.io (formerly BMT) than in some many thousand $ trading courses. Paying is good because you give more value to things.


Another way to promote futures.io (formerly BMT) is by the community itself, i.e. I always refer to futures.io (formerly BMT) with trader friends because of the way everything goes in this forum, not only for download section.

Hope makes it everything Elite could also help to find our path in the multiples threads.

Thank for all.

 
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  #233 (permalink)
 nakachalet 
siam, west coast andaman sea
 
Experience: Master
Platform: ninja
Trading: gc, cl, tf, 6e
 
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Posts: 512 since Aug 2011


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.

i am fairly new around you guys/gals old timers here at bm, however, have been trading for the longest time, or it seems.... since 1985.... and have also written several responses to various posts which i came across while browsing without specific objectives in mind.

in terms of paying for indicators and other selective valuable downloads pertaining to some possibility of increasing "profitability/efficiency/visibility.... etc" for any downloader/trader....;

my immediate major concern are:

1--THE APPLICABILITY/USABILITY of the fee-based downloads, their validity and reliability....: are the downloads as good as they claim to be.... and are they applicable only for monday or tuesday market.... or are they just as good for any market condition....

if the proposed downloads are verifiable and applicable for the specific persona who seeks value from such download, the person by all means ought to "pay" for the value/service received....

2--in order to attach value to indicators or other pertinent downloads, we ought to allow the individual "inventor/creator" to set the dollar value.... the intellectual property proprietors know what the value ought to be....; but then would bg members agree with such value, is another matter altogether....

3--mike, now supposed.... every indicator has set dollar amount value....; how would the bg general members know that each indicator is what it claims to be....? would the prospective purchasers be allowed some grace time to test out whatever products they intend to purchase....?

4--mike, the more serious problem would include.... vendors' claims vs their products' own validity and reliability themselves....; how could the bg general members be assured of no-frauds from any and all vendors....?

5--if you already have a sizable staff on hand, yes, you could set up a revenue producing dept to handle this aspect which would increase this community members' satisfaction level and elevate it above and beyond many other vendors based enterprises/free chatrooms....; and at the same time increase your revenue, at nominal cost....

6--as we all know, at present, there are more fraudulent vendors selling fraudulent indicators, setups, trading related materials.... than sands on Phuket beach....

i would just hate to see your info site--big mike.... becomes any thing remotely resembles numerous other free trading info sites--overcrowded, overwhelmed and over subscribed with fraudulent vendors....

my dear mike, whatever you decide to do.... i know it won't be an easy decision nor task at all....

MIKE, STRIVE FOR EXCELLENCE.... for nothing else is good enough for bg members.... K?

yes, mike, i like to visit your site very often....

 
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  #234 (permalink)
 MartinS 
Aberdeen + UK
 
Experience: Intermediate
Platform: NinjaTrader, TradeStation
Trading: NQ
 
Posts: 6 since Dec 2009
Thanks: 0 given, 3 received

Mike,
My opinion is to go ahead and require elite membership for all downloads as you described. Sounds reasonable to me, and you won't know if it will improve things unless you give it a try.

 
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  #235 (permalink)
 AR01 
CA
 
Experience: Beginner
Platform: MT4, Ninja Trader
Trading: EUR/USD
 
Posts: 495 since Oct 2009
Thanks: 400 given, 627 received

I know this wasn't the question but someone suggested it. Don't make the elite journals public. I like being behind the wall.

Andrew

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  #236 (permalink)
 blockschip 
New York, NY
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Stocks
 
Posts: 10 since Aug 2011
Thanks: 11 given, 0 received

I also am a newbie here, have just signed up a week or so ago. But, after a day of reading the forums and other information here, I decided to vote with my wallet and pop for the elite. I did this because useful sites such as this one should be supported.

I'm not sure the $50 is going to stop anyone who is intent on downloading indicators etc from this site and reselling them as their own. But, it seems reasonable to try. I don't think having the downloads only in the elite section is going to dissuade anyone who is serious about learning from using this site. It doesn't take too long looking at the forums here to realize that $50 is a small price to pay for access.

 
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  #237 (permalink)
 Robotman 
Los Altos, CA
 
Experience: Intermediate
Platform: NinjaTrader, Jigsaw, OFA
Broker: Ninja/Continuum
Trading: ES, CL
 
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Posts: 112 since Apr 2010
Thanks: 533 given, 172 received

1. $50 for Elite Section and All Indicator Downloads.
2. Must register with return mail receipt confirmation to make posts in open forum.
3. Free to browse posts in open forum. No downloads of any kind without registering.
4. More moderators. Maybe with some kind of compensation for their time.

 
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  #238 (permalink)
 Traderji 
Australia
 
Experience: Advanced
Platform: NinjaTrader, Multicharts
Trading: Spot Forex, Gold, Silver
 
Posts: 176 since Oct 2010
Thanks: 114 given, 114 received


Eric j View Post
Maybe allow one to download after they themselves contribute an indicator or something of substance evaluated by the mods ? Something equal to or greater than the relative value of what they would be entitled to at least in the download section . All content here is valuable in my opinion but unfortunately theres individuals and entities that seek to profit from the hard work of others without contributing themselves .


If it can be implemented then I think such a system would be well worth it. If not then I support making downloads elite only.

 
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  #239 (permalink)
dentalexpert
Roscommon
 
 
Posts: 1 since Apr 2011
Thanks: 0 given, 0 received

if ur trying to build a quality community then it makes perfect sense to make downloads available to elite members only. The only issue is that it will be harder to distinguish the good stuff currently elite !!! from the not so good stuff currently free! or maybe there is no difference between the free stuff and the elite stuff...........!!

anyway if it helps keep the forum developing as a quality trading resource then im all for charging.

 
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  #240 (permalink)
 totallytrader 
Vancouver, BC, Canada
 
Experience: Intermediate
Platform: TWS, NinjaTrader
Broker: Interactive Brokers
Trading: Stocks, Forex, Options
 
totallytrader's Avatar
 
Posts: 5 since Sep 2011
Thanks: 18 given, 2 received

I am quite new around here, still just getting my bearings. I love what I see so far, great community of people trading and learning. I have seen this very issue come up on other boards relating to many different topics. Though I am new and currently do not have elite access I do understand why this is being contemplated. From what I have seen and read here so far and what I have seen on other boards I think elite downloads is a good idea.

 
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  #241 (permalink)
 TexasTrader 
Dallas, TX
 
Experience: Intermediate
Platform: NinjaTrader, MultiCharts, TradeStation
Broker: Mirus/Zen-Fire, TradeStation
Trading: Futures
 
TexasTrader's Avatar
 
Posts: 15 since Apr 2010
Thanks: 0 given, 4 received

Hello Mike,

I think Elite membership is a low hurdle and a very reasonable criteria to allow downloads (many of which are really good).

I wouldn't mess with the # posts idea, but I think membership (Elite) is very reasonable. A good idea to restrict those who care nothing about this community (although they will still exists and borrow from here, post it there and make a buck)...

Best-

 
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  #242 (permalink)
 jayminho 
hell de janeiro
 
Experience: Intermediate
Platform: ninjatrader
Broker: mirus + zenfire
Trading: guitar
 
jayminho's Avatar
 
Posts: 54 since Mar 2011
Thanks: 7 given, 22 received

you got my approval.
even if you made a monthly subscription service i would be in
your website is amazing.
i have definetly not posted much (acctually very few), however i have learned a lot from reading and watching the webinars as well as from downloading the indicators.
i have paid for my elite membership and it couldnt have been more pleasant expirience.

amazing website, people with a lot of knowlendge willing to "give it for free" , amazing indicators (wether its free or elite)
i could even pay for the webinars alone.

anyway
its your call mike.
im with you.

Follow me on Twitter
 
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  #243 (permalink)
 Angler 
Winter Park, FL
 
Experience: Advanced
Platform: TS,CQG,Oec,ATP,TOS
Broker: TS,Fidelity,CQG
Trading: ES,RTY,FX
 
Angler's Avatar
 
Posts: 30 since Mar 2011
Thanks: 15 given, 9 received

Werd!!!

"Yeah, well, you know, that's your opinion, man..."
 
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  #244 (permalink)
 JamTheTrader 
Juno Beach
 
Experience: Advanced
Platform: Ninja and TS
Broker: Optimus Futures / Matt
Trading: multiple
 
JamTheTrader's Avatar
 
Posts: 135 since Sep 2009

Mike,

This makes perfect sense as you have grown quite a bit over the last couple years. Also, more moderators might help.

Keep up the great work, you have the best forums that I have seen.

JAM

 
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  #245 (permalink)
 options777 
Phoenix, AZ
 
 
Posts: 1 since Apr 2010


Big Mike View Post
All,

I am contemplating a major / drastic change to the behavior of all downloads on the site. The change would be to make all downloads Elite Only. I mean all downloads, in posts, threads, downloads section, everywhere globally. The only exclusion would be images (screen shots), but all other file types would be available only to Elite Members.

I have mixed feelings on this, so wanted to get some feedback from the users to consider as well before making any decisions. The main reason for the desire to change is to protect the work and to protect the value of the community.

Right now, too many "bots" are downloading our indicators and posting them on other sites as their own. Right now, too many real people register "fake" accounts because they can't even be bothered to spend 30 seconds to type in correct info when they register, all because all they want is to download something and likely never participate further in the site.

I previously tried enforcing a 10 post minimum for downloads, but all that did was have people create 10 junk posts. So that isn't going to work.

It seems the best way to protect the collection of downloads the users have worked very hard on, is to restrict access to only those who are serious about trading.

It certainly doesn't have to be Elite only, but the only other realistic option to implement is the minimum post requirement. If I change it to say 50 (instead of what we tried before, 10) then maybe it would prevent people from creating 50 spam posts just to download something, but still allow people who are serious about trading - but for whatever reason aren't Elite members - to still download. But the problem is, 50 posts is far, far more than what most people have (unfortunately), so such a requirement is likely to just piss off a lot of people.

The desire to change is not about increasing Elite sign ups. In fact, lately I have been wondering if futures.io (formerly BMT) is getting "too big" as we've started to attract some of the trolls from other sites and sometimes some of the posts are getting unfriendly lately. I am fighting this very hard as I am sure you are as well. We all want futures.io (formerly BMT) to remain a unique place, a place where everyone is truly here to help, and not start arguments, call each other names, or other troll like behavior. So this might mean making futures.io (formerly BMT) a more exclusive place where only serious traders are welcome.

Now obviously, just because someone pays for Elite membership does not automatically mean they are a serious trader. But they are probably far less likely to be a trouble maker while paying for the privilege to be here.

So a move of making all downloads Elite only might stunt our growth in terms of new user sign ups to the site, but that is fine with me if it means that what growth we have is of a higher quality and caliber user. I don't want to make the requirement solely based on post count, because there are far, far too many people who do not post much but are still working very hard to improve their trading. These people have signed up for Elite status to help support the site, and I think that entitles them to receive the downloads without a minimum post requirement.

Anyway, so there it is. Some of my many thoughts on the matter. Please share yours. I'm hoping to get a good mix of replies from both Elite Members and non-Elite Members.

Mike

You can't have your cake and eat it too!
futures.io (formerly BMT) must decide, like other user forums, if it wants to operate its web site as a commercial venture, or be a free resource to its visitors. There is no doubt that the quality of information and indicators is high. However, does futures.io (formerly BMT) want to become a free trader's resource, or a for profit web service web-site. It seems to me that forcing visitors to enter their comments in order to be in "good standing" with futures.io (formerly BMT) is crossing the line. The web in general is a free marketplace, and those web sites that provide free resource are popular because of the quality of their information and resource. On the other hand, if futures.io (formerly BMT) wants to become a paid web site only, fine. But don't force visitors to contribute their opinions in order to maintain their good standing with futures.io (formerly BMT). Choose: free resource or paid resource. You can't have both ways. Otherwise, if you disagree, ask a woman if she was ever half pregnant....

 
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  #246 (permalink)
gracepips
Northern Ireland, UK
 
 
Posts: 68 since Dec 2010
Thanks: 76 given, 43 received

I'm not (but was) an Elite member but I still think Mikes ideas of downloads for Elite members only is fair.

I don't use special indicators so it wont really affect me. nevertheless being part of a helpful forum where your questions are answered in a helpful manner is amazing and for free its a traders haven.......I for one am very grateful and appreciative.

So keep the forum open for questions etc to all and have it Elite members only for indicator downloads.

 
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  #247 (permalink)
 Houston Jr 
Houston, Texas
 
Experience: Advanced
Platform: Ninja
Broker: Mirus
Trading: ES,6E
 
Posts: 19 since Sep 2010
Thanks: 3 given, 5 received

Mike,
I would support your thought on this, I don't see Downloads elsewhere, b'cause I am not looking around for Downloads. I don't trust too many sites other the BigMikes!

Perhaps time to reign in the behavior and make all who use site an Elite member, I would support you on this.

Another note...Since a good amount of indicators are for Ninja Trader, I would like you to contact NinjaTrader for a "Big Mikes" discount. The lifetime fee should be reduced, for all the new business you could bring to them.

Thanks for the great site!



Big Mike View Post
All,

I am contemplating a major / drastic change to the behavior of all downloads on the site. The change would be to make all downloads Elite Only. I mean all downloads, in posts, threads, downloads section, everywhere globally. The only exclusion would be images (screen shots), but all other file types would be available only to Elite Members.

I have mixed feelings on this, so wanted to get some feedback from the users to consider as well before making any decisions. The main reason for the desire to change is to protect the work and to protect the value of the community.

Right now, too many "bots" are downloading our indicators and posting them on other sites as their own. Right now, too many real people register "fake" accounts because they can't even be bothered to spend 30 seconds to type in correct info when they register, all because all they want is to download something and likely never participate further in the site.

I previously tried enforcing a 10 post minimum for downloads, but all that did was have people create 10 junk posts. So that isn't going to work.

It seems the best way to protect the collection of downloads the users have worked very hard on, is to restrict access to only those who are serious about trading.

It certainly doesn't have to be Elite only, but the only other realistic option to implement is the minimum post requirement. If I change it to say 50 (instead of what we tried before, 10) then maybe it would prevent people from creating 50 spam posts just to download something, but still allow people who are serious about trading - but for whatever reason aren't Elite members - to still download. But the problem is, 50 posts is far, far more than what most people have (unfortunately), so such a requirement is likely to just piss off a lot of people.

The desire to change is not about increasing Elite sign ups. In fact, lately I have been wondering if futures.io (formerly BMT) is getting "too big" as we've started to attract some of the trolls from other sites and sometimes some of the posts are getting unfriendly lately. I am fighting this very hard as I am sure you are as well. We all want futures.io (formerly BMT) to remain a unique place, a place where everyone is truly here to help, and not start arguments, call each other names, or other troll like behavior. So this might mean making futures.io (formerly BMT) a more exclusive place where only serious traders are welcome.

Now obviously, just because someone pays for Elite membership does not automatically mean they are a serious trader. But they are probably far less likely to be a trouble maker while paying for the privilege to be here.

So a move of making all downloads Elite only might stunt our growth in terms of new user sign ups to the site, but that is fine with me if it means that what growth we have is of a higher quality and caliber user. I don't want to make the requirement solely based on post count, because there are far, far too many people who do not post much but are still working very hard to improve their trading. These people have signed up for Elite status to help support the site, and I think that entitles them to receive the downloads without a minimum post requirement.

Anyway, so there it is. Some of my many thoughts on the matter. Please share yours. I'm hoping to get a good mix of replies from both Elite Members and non-Elite Members.

Mike


 
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  #248 (permalink)
 jimhergenreder 
Longmont, Colorado
 
Experience: Intermediate
Platform: Ninja Trader, TOS
Broker: NinjaTrader Brokerage/Continuum
Trading: TF ES ZN
 
jimhergenreder's Avatar
 
Posts: 1 since Feb 2011
Thanks: 0 given, 0 received

I am really new and this is my first post.

I do not mind the fee to join to be an elite member. I would agree with the download idea but I think additional control might help. (for example "enter the characters") so the person downloading needs to be a real person.

My recent search for indicators that work in Ninja Trader 7 has not been the best but maybe I am expecting too much because I am also new to Ninja Trader.

futures.io (formerly BMT) seems like a wonderful website I tell people about it at local trading meetings so I just need to become a better contributing member.

Jim H

 
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  #249 (permalink)
 jmacn 
Brisbane Australia
 
Experience: Intermediate
Platform: Ninja Trader
Broker: MBT
Trading: Forex
 
Posts: 82 since May 2010
Thanks: 147 given, 21 received

I'm all for elite only for downloads.
Regards jmacn

 
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  #250 (permalink)
 Midas 
Yellowknife, NT
 
Experience: Intermediate
Platform: Ninja Trader
Trading: Es, 6E, TF
 
Posts: 35 since Mar 2010
Thanks: 21 given, 21 received

This is a great site! I have been an elite member from thew time I first came across the site, I have told others it was worth getting the elite membership as well.

If you think it will improve the site I will continue to support you as I have been do'n.

 
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  #251 (permalink)
 eddwfo 
Louisville, KY
 
Experience: None
Platform: eSignal
Broker: RCG eSignal charts and data
Trading: NQ, ES
 
Posts: 12 since Aug 2011
Thanks: 2 given, 10 received

I recommend that one must be an Elite Member to Upload as well as Download from this site. The free stuff currently available is enough to determine if one wants to become an Elite Member or not. To put my money where my mouth is, I just became an elite member a few minutes ago.

I have been a lurker for a few weeks now. I have enjoyed browsing the site and find it a worthwhile asset, even though eSignal is not favored by most members here. I was once a webmaster and java junky so coding ideas I find here, to look at them on signal charts, is not a problem for me.

I have been intraday trading full time for over 10 yrs and I do not belong to or subscribe to any other trading entities, except EWI and Socionomics.

I will trust Mike to make the correct decision about this issue.

L8trs

 
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  #252 (permalink)
 tech772 
Asheboro N.C.
 
Experience: Intermediate
Platform: NinjaTrader, TOS
Broker: Optimus ,Rithmic
Trading: GC, CL
 
Posts: 3 since Feb 2010
Thanks: 8 given, 1 received

Hi Mike,
I don't think you will know until you try it and see. I have been a member for about 2 years and this is the best website I have found if you are trying to learn about trading. Keep up the good work.

 
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  #253 (permalink)
 coolfutures 
Toronto
 
Experience: Intermediate
Platform: Ninja Trader
Broker: Mirus/Zen Fire
Trading: ES,Currency futures
 
coolfutures's Avatar
 
Posts: 12 since May 2010
Thanks: 68 given, 5 received

I fully agree with you Big Mike. The downloads should be made available to Elite members only.

 
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  #254 (permalink)
 fearful syymmetry 
Tempe, AZ
 
Experience: Intermediate
Platform: MultiCharts
Broker: - /IQFeed
Trading: CL
 
fearful syymmetry's Avatar
 
Posts: 5 since Oct 2009
Thanks: 45 given, 4 received

I support restricting the content in some way. $50 lifetime is very cheap. I would favor giving extra weight to the opinions of people who have donated indicator code or who are heavy content contributors.

What immortal hand or eye, could frame thy fearful symmetry? -- William Blake, "The Tyger"
 
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  #255 (permalink)
TraderLouis
Germany
 
 
Posts: 2 since Jun 2011
Thanks: 4 given, 0 received

I am also new to the site just started in July 2011. Maybe this is a method to screenout the bots.

There is value to this site and I have learned alot in the short time but having blown up my account and just getting back into trading slowly. I really liked after downloading an indicator when it was changed or updated I got an email notification that was cool.

Elite membership is something I was considering anyway. I like the idea about the downloading to prevent the bots.

Just this email asking everyone's opinion proves it is a good site and whatever decision is made I can support it.

Thanks,
Louis

 
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  #256 (permalink)
 arnie 
Europe
 
Experience: Advanced
Platform: Jigsaw
Broker: Tradovate
Trading: Equities
 
arnie's Avatar
 
Posts: 824 since May 2010
Thanks: 722 given, 1,027 received

I was thinking, if a person publish his indicator in the public forum, it's public, accessible by everyone. He knows that his indicator is going to be used by all that download it. We must assume that he's not worried about that.
On the other hand, if that same indicator is published in a private forum, he is protecting (in a way) his indicator, accessible only to those that subscribe that forum.

We cannot prohibit a person to publish his indicators wherever he wants. People must understand that in the internet there are all kinds of people, and someone might use that indicator as if it was written by himself. He can even sell it, since it was found in a public forum. Naturally that this is wrong, and even against the law, but unfortunately this is the world where we live in, people have no sense of dignity.

I confess that I've mix feelings about this.

If I become half a percent smarter each year, I'll be a genius by the time I die
 
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  #257 (permalink)
 cazimi 
NYC, NY
 
Experience: Beginner
Platform: NinjaTrader
Broker: Mirus/Zen-Fire
Trading: forex, ES
 
cazimi's Avatar
 
Posts: 7 since Aug 2009
Thanks: 767 given, 3 received

Hello Mike,
I think this is a good idea. Having not contributed with ideas or modifications to another´s ideas, I can't comment on the idea about the number of posts. I use this site most than anything, to learn about the markets and their behaviors. I think the idea of typing characters might help filtering bots and the like.
In this forum, even the free indicators are high quality and I would have paid an elite membership to have the right to use them. Most than anything though, it's the discussion that helps the learning here. Leaving them, as well as the screenshots freely visible, could increase the serious reader's tilt to join as an elite member.

Just my two cents.
NB: Just an additional word of thanks to you BM, and all great posters here (you know who you are!).

 
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  #258 (permalink)
 nakachalet 
siam, west coast andaman sea
 
Experience: Master
Platform: ninja
Trading: gc, cl, tf, 6e
 
nakachalet's Avatar
 
Posts: 512 since Aug 2011


Houston Jr View Post
Mike,
I would support your thought on this, I don't see Downloads elsewhere, b'cause I am not looking around for Downloads. I don't trust too many sites other the BigMikes!

Perhaps time to reign in the behavior and make all who use site an Elite member, I would support you on this.

Another note...Since a good amount of indicators are for Ninja Trader, I would like you to contact NinjaTrader for a "Big Mikes" discount. The lifetime fee should be reduced, for all the new business you could bring to them.

Thanks for the great site!

currently, the life time membership is around 999 usd....

how about getting it reduced to 699 for bg members only....?

 
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  #259 (permalink)
 serac 
Arizona, USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: MB Trading
Trading: Cello
 
serac's Avatar
 
Posts: 116 since Jan 2011
Thanks: 321 given, 138 received

This is a great community on the web, and I appreciate Big Mike working hard to keep it that way. My experience with pay internet forums has always been very positive. Somehow, putting money up (even if a small amount) filters out all but the truly serious people. After seeing the quality posts and people at Big Mike's I signed up for Elite status right away - totally worth it.

Here are my votes:
  1. Yes. Make all downloads elite. $50 or so not asking too much. The amount of quality downloads on this site is amazing. If you collected the 100 best downloads at Big Mikes, packaged them up, and dropped them into a rags-to-riches snake-oil trading side, you could probably ask 100 times the cost of the Elite status here (I am not suggesting that would be a good idea!). To me, the low but not insignificant cost of the Elite status is important: ask for more, and you risk sounding too good to be true and shady. Ask for less, and people may not take you seriously. $5 is not enough, $500 is too much.
  2. But, make the journals elite, too! One of these days I will be starting a journal, but only if I can put it in an elite section. I don't want any yahoo reading or commenting on my hard work. Any member of Big Mike's? Definitely. Just not anyone on the web.
  3. If you truly want to decelerate growth, make everything Elite. This may turn away some serious, quality folks, though. Paying for something on the web like this without getting a preview feels shady - a lot the the too-numerous-to-count instant-riches trading "deals." Big Mike's is so *not* that. Personally, I would still make a substantial amount free (15-25%). Maybe the NinjaTrader specific sections (since they probably generate a lot of the initial traffic)?
Whatever you choose to do is great, Mike. This is your place. Thanks for the hospitality.

 
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  #260 (permalink)
 bobarian 
whitestone, new york
 
Experience: Intermediate
Platform: ninja trader
 
bobarian's Avatar
 
Posts: 1,995 since Oct 2010
Thanks: 5,253 given, 3,107 received


Big Mike View Post
All,

I am contemplating a major / drastic change to the behavior of all downloads on the site. The change would be to make all downloads Elite Only. I mean all downloads, in posts, threads, downloads section, everywhere globally. The only exclusion would be images (screen shots), but all other file types would be available only to Elite Members.

I have mixed feelings on this, so wanted to get some feedback from the users to consider as well before making any decisions. The main reason for the desire to change is to protect the work and to protect the value of the community.

Right now, too many "bots" are downloading our indicators and posting them on other sites as their own. Right now, too many real people register "fake" accounts because they can't even be bothered to spend 30 seconds to type in correct info when they register, all because all they want is to download something and likely never participate further in the site.

I previously tried enforcing a 10 post minimum for downloads, but all that did was have people create 10 junk posts. So that isn't going to work.

It seems the best way to protect the collection of downloads the users have worked very hard on, is to restrict access to only those who are serious about trading.

It certainly doesn't have to be Elite only, but the only other realistic option to implement is the minimum post requirement. If I change it to say 50 (instead of what we tried before, 10) then maybe it would prevent people from creating 50 spam posts just to download something, but still allow people who are serious about trading - but for whatever reason aren't Elite members - to still download. But the problem is, 50 posts is far, far more than what most people have (unfortunately), so such a requirement is likely to just piss off a lot of people.

The desire to change is not about increasing Elite sign ups. In fact, lately I have been wondering if futures.io (formerly BMT) is getting "too big" as we've started to attract some of the trolls from other sites and sometimes some of the posts are getting unfriendly lately. I am fighting this very hard as I am sure you are as well. We all want futures.io (formerly BMT) to remain a unique place, a place where everyone is truly here to help, and not start arguments, call each other names, or other troll like behavior. So this might mean making futures.io (formerly BMT) a more exclusive place where only serious traders are welcome.

Now obviously, just because someone pays for Elite membership does not automatically mean they are a serious trader. But they are probably far less likely to be a trouble maker while paying for the privilege to be here.

So a move of making all downloads Elite only might stunt our growth in terms of new user sign ups to the site, but that is fine with me if it means that what growth we have is of a higher quality and caliber user. I don't want to make the requirement solely based on post count, because there are far, far too many people who do not post much but are still working very hard to improve their trading. These people have signed up for Elite status to help support the site, and I think that entitles them to receive the downloads without a minimum post requirement.

Anyway, so there it is. Some of my many thoughts on the matter. Please share yours. I'm hoping to get a good mix of replies from both Elite Members and non-Elite Members.

Mike

a very good question.I have been on this site for almost a year, and imo, you should make it a elite requirement.Imo, the fee to be an elite member, is so affordable, that its not that big a deal, but i personally know of many people that have been helped here, including myself.Its kind of a no brainer imo.thanks

Visit my futures io Trade Journal
 
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  #261 (permalink)
vtechdir
Melbourne
 
 
Posts: 4 since May 2011
Thanks: 0 given, 19 received


cory View Post
I am contemplating a major / drastic change to the behavior of all downloads on the site. The change would be to make all downloads Elite Only. I mean all downloads, in posts, threads, downloads section, everywhere globally. The only exclusion would be images, but all other file types would be available only to Elite Members.
.

Trading is difficult as is and nobody has to put up with abuse while providing a service to the community. I have not been a great contributor since I am still learning and I use several sources in this process.

Postings is a personal prefference, however downloading should only be reserved for Elite members.

Regards

 
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  #262 (permalink)
 Eubie 
Prague, Czech republic
 
Experience: Beginner
Platform: NinjaTrader/ZF
Trading: ES, TF
 
Posts: 87 since Jul 2010
Thanks: 124 given, 47 received

Hey BigMike, I all in for making downloads accessible for Elites only. As a large body of users is in the trading-learning phase, they don't contribute much since a vast majority of newbie questions is already answered and asking them is useless. Asking stupid questions (what is a stoploss?...) is rude hence a newbie has nothing to post. Thus, the post-count rules would IMHO serve against the purpose of the forum (learning) as possible newcomers would be discouraged or would post crap.

Regards,
Daniel.

 
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  #263 (permalink)
 andrewtrader 
Lithuania
 
Experience: Intermediate
Platform: MBT DesktopPro, Multicharts,NinjaTrader
Broker: MBT,CQG/AMP
Trading: Forex
 
Posts: 57 since May 2011
Thanks: 43 given, 31 received

Big Mike,

first of all thank you and your team for wonderful learning resource.

Second - you will not solve any of "problems" you mention by locking up forum/downloads to Elite, whatever. Too late. Everyone knows about creative, active community on futures.io (formerly BMT). So code thieves already have your Elite membership. For some new scamer searching what to sell $50 or $200 for membership is not a money, if that looks promising. Also you cannot rely on everyone who already have your Elite membership, as people/friends share "goodies" and someone who is interested will find "proxy" one way or another. If you lock everything up that will immediately start to look enterprise'ish i.e. "you pay and play by someone's else rules and don't know what you will get". I spent and lost too much money and time on proprietary solutions and this model for me would be immediately NO GO if I were newcomer considering membership.

What means you can potentially rob your forum of really creative, experienced wise people who could otherwise make great contributions over time. I also think that all "futures.io (formerly BMT) Elite only" would actually be worse case - it would attract any kind of people like magnet who will look at futures.io (formerly BMT) like a "legalized store" with "I paid for membership so I will take everything and do whatever I want with it" mentality.

Third, is this really the problem you are talking about? Looks like you are worried more than coders who contributed to this site and put code freely here themselves. Those who didn't want their code to be freely accessible clearly stated that "this indicator is for Elite members only". Others just withdrawed code and are selling it on their own websites. So where is the problem then? It's a beauty of opensource to share, re|use and contribute for everyones good. Thieves business is not your business, forget them, I think.

I find it amazing that people who actually are great coders and invested a lot of time to produce miracles like gom framework, d9particle/wavelets, and others are also most generous contributors working in true opensource spirit. I greatly respect them and appreciate their work and sharing with gratitude.

And finally we all know that there is no indicator that can make you rich Final product is irrelevant, application and proper use of knowledge is. I think things like new algorithm research, new trading system research, perry's, 6E trading systems, working strategies, backtesting analysis, market data files and so on - that's the value. Lock these to Elite section if you want, and other free indicators - if kid is happy with candy, leave it available.

Just my 2 cents.
Andrew.

The following user says Thank You to andrewtrader for this post:
 
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  #264 (permalink)
 brevco 
Denham Springs, LA
 
Experience: Advanced
Platform: Amibroker / Ninja Trader
Broker: Mirus Zenfire
Trading: TF 6E NQ
 
Posts: 194 since May 2010
Thanks: 259 given, 187 received

I am all for elite downloads but unfortunately, it still would not keep vendors from registering, downloading the indicators and selling them on their websites. Perhaps there could be a "vendor evaluation" section where members could post/expose when they find a vendor who has "stolen" indicators that were posted here for free to elite members?

Then if the originator of that indicator chooses to take action against that vendor, it would be their option/choice to do so. At the very least, it would expose the vendor's inappropriate action to the trading community and quite possibly put their integrity at risk.

It would be different if a vendor charges for their time to teach a "trading system" using free or standard indicators that are readily available on most trading platforms, but to charge for indicators when they did not develop them is just plain wrong.

 
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  #265 (permalink)
 ideaman 
Pennslyvania
 
Experience: Intermediate
Platform: ninjatrader
Trading: ES
 
Posts: 42 since Sep 2010
Thanks: 4 given, 39 received

Ok with me Mike.

 
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  #266 (permalink)
 dunted 
Columbia, MO
 
Experience: Intermediate
Platform: NT, TOS
Trading: YM, 6E, options
 
Posts: 2 since Mar 2011
Thanks: 50 given, 0 received

My thoughts on some of what has been talked about here

1. Downloads for elite only - absolutely
2 Current Elite areas ie journals, certain threads- (please keep them as is)
3. Min Post - not a fan of this as it forces people to post when they may not have anything relevant to post
4. Whole site being elite - sure give them a couple weeks access to the articles (no downloads) then either pay or no access.

I am fine with what ever you decide Mike, even an ongoing charge.

Ted

 
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  #267 (permalink)
 wwwingman 
Paris, France
 
Experience: Intermediate
Platform: SC, NT, ToS
Trading: CME & Eurex Futures
 
Posts: 116 since Apr 2011
Thanks: 339 given, 193 received


Big Mike View Post
All,

I am contemplating a major / drastic change to the behavior of all downloads on the site...
...
I have mixed feelings on this, so wanted to get some feedback from the users to consider as well before making any decisions. The main reason for the desire to change is to protect the work and to protect the value of the community. ..

...
Mike

I believe futures.io (formerly BMT) is unique because of 1) Quality 2) Sharing spirit.
I found the biggest value was in the knowledge, especially through webinars/forums, not in the indicators.
My suggestions:
• Download AND Upload restriction to elite members only (a fee, even of 1$ is yet the best filter in the Internet industry).
• Allow only free indicators, but with no obligation as to giving the source code (protect those that want to share, and let them choose the level of sharing).
• Change the 50$ elite lifetime fee to an annual fee of 50$ (futures.io (formerly BMT) is now mature; this fee will make it possible to continue the sharing spirit without having to run after new users).

W.

-- The rest is silence
 
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  #268 (permalink)
 rainbowchaser 
Fort Lauderdale, Florida. USA
 
Experience: Beginner
Platform: NT
Broker: CQG
Trading: YM,CL
 
rainbowchaser's Avatar
 
Posts: 140 since Mar 2011
Thanks: 527 given, 63 received

Gratitude and Appreciation is part of our daily way to relate to others and to the world.
In my personal experience I had to wait a few weeks before subscribing due to the fact that got laid off from the construction industry last year and was not able to get a job...no where. Had already sterted to get inetersted in futures and I am trading sim with the hopes of hone my skills to the level that I can make it to the other side.
You can not imagine th joy I had experienced when I was able to subscribe as an elite member and start discovering the wealth of information and experience made available thanks to you and your members.
I appreciate my membership everytime I log on.
I am enjoying these place everytime I open a chart and do not have a clue of what it is saying...and I have to study to open my eyes and take my brain to a new level.
Paying for the elite membership is something that should be implemented for downloading stuff and to access those special threads. I wouldnt have any remorse or feelings about it. Showing your appreciation for your initial contribution to this wonderful site is out of question.
regards and thx to you and your members. Christian. FL.

 
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  #269 (permalink)
 TraderJ 
Australia
 
Experience: Intermediate
Platform: Custom
Trading: GC, CL, ES, 6E
 
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Posts: 23 since Sep 2009
Thanks: 779 given, 37 received

Vendors that repackage and sell the indicators are planning on making more money than the elite fee.
I don't think the elite fee would stop them.

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  #270 (permalink)
 qualitiedx 
sallonika
 
Experience: Beginner
Platform: NinjaTrader
Trading: Forex
 
Posts: 2 since Jul 2011
Thanks: 4 given, 0 received

Totally agree! that's it..don't have anything more to say

 
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  #271 (permalink)
 andrewtrader 
Lithuania
 
Experience: Intermediate
Platform: MBT DesktopPro, Multicharts,NinjaTrader
Broker: MBT,CQG/AMP
Trading: Forex
 
Posts: 57 since May 2011
Thanks: 43 given, 31 received


brevco View Post
It would be different if a vendor charges for their time to teach a "trading system" using free or standard indicators that are readily available on most trading platforms, but to charge for indicators when they did not develop them is just plain wrong.

who is that jury who will decide what part of free code is present some proprietary system? I already know big names in trading education that are using free indicators found on futures.io (formerly BMT) and selling them for $1997. I also know big names in futures.io (formerly BMT) who reversed engineered proprietary systems and put code freely available, but those are heroes, sorry for mentioning. I also know guy in futures.io (formerly BMT), who made new trading system emulating commercial one.

What I mean all of this is meaningless waste of time trying to hold something to ourselves. We need more experience, thinkers and contributors to advance forward. So far futures.io (formerly BMT) was perfect environment for this. Let's keep it this way.

 
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  #272 (permalink)
 loslo 
austin, USA
 
Experience: Beginner
Platform: NinjaTrader, AmiBroker
Trading: es, cl, nq
 
Posts: 3 since Aug 2011
Thanks: 25 given, 1 received

IMHO, if it is "free", then whatever, has no value. Besides, the time, money and effort should be shared. I'm sorry to say what knowledge I have, appears minimal compared to all the posts I've read. Thanks for all the effort, loslo.

 
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  #273 (permalink)
 tra3000 
San Francisco, CA, USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Stocks
 
Posts: 1 since Apr 2011
Thanks: 6 given, 1 received

Dear Mike,

In order to reach a conclusion on this, we must be very sharp on what problem it is we're tying to solve. I, personally, like the current system we have. Having a few indicators out there for free gives people a taste of what futures.io (formerly BMT) has to offer, and given the very reasonable cost of membership, it encourages people to convert their membership to Elite once they see that the value they could get at futures.io (formerly BMT) far exceeds what they get from other sites that cost a lot more.
This really applied in my case where I recall I just downloaded one free indicator, read a few posts by a few members that had me thinking, then decided that it was totally worth it to upgrade my membership.

So, we need to ask ourselves what is it we're trying to achieve here by pondering a new system. I parsed through your original post and extracted what you highlighted as problems, but we'd need to be focused so that we apply the right solution:

- Is it the issue of other websites stealing the freely available indicators and posting them as their own, or even selling them for $$$?
Well, I don't think an elite membership fee would stop that. Besides, that's the problem faced by any site like this. Take for instance, the NinjaTrader support forum where there is a ton of indicators available for free there. You could argue the authors of these indicators have the same exporsure like the authors here. Some of their indicators were reposted here by futures.io (formerly BMT) members with due credit to the NT forum, of course. So, that's the caveat any open community like this would have to live with for the sake of sharing knowledge and open source code.

If people are having a heartburn over indicators being stolen from futures.io (formerly BMT), repackaged and sold for 100s of dollars, like we saw in one post recently, then the membership fee certainly won't stop that given the high pay off for the theives. The only way to mitigate something like that would be to have our indicator code covered by a well known license agreement that prevents it from being sold for profit. I'm thinking something like the GNU open source licensing system, but may be somewhat customized to the needs of the futures.io (formerly BMT) traders that allows them to use these indicators for themselves without being able to resell them for profit. (I don't think I saw such license agreement on futures.io (formerly BMT); my apologies if I missed it) Then, comes the problem of enforcement, where we'd have to sue the companies that violate that license agreement. It may seem like too much now, but as futures.io (formerly BMT) grows it would be feasible. I can tell you, from my day job, I have some first hand experience with that stuff, and I have seen companies avoid messing with anything covered by a GNU open source license because the liabilities are real and large for them.

- Is it the problem of controlling the trolls as you said?
I see several things that could mitigate that:
- moderation as we have here
- yes, a membership fee would help here, because at least it would discourage the casual poster who just wants to rant.
- but ultimately, the culture we have at futures.io (formerly BMT) should do the biggest mitigation here. I.e., if someone creates a negative/counter-productive post, and none of the other members honors it with a reply, that should be enough to stop such negativity from permeating the whole thread. I've seen other forums where they have threads that go on and on with negative and useless comments. It says a lot about the culture that the members of these forums have. But at futures.io (formerly BMT) you don't see much of that mainly because the negative posters know that there are moderators, and also other members might get on their case for making negative/unacceptable posts.

- Is it a problem of not having enough contribution from members?
Personally, I'd expect the contributions to come from a minority of the members, not the other way around. A lot of people come to futures.io (formerly BMT) seeking help, after trying other avenues. Given that the majority of traders in their early careers are at a net dollar loss, I'd expect them to be in listening mode only, trying to learn first, before they decide to post something not that useful or end up perpetuating a myth or a common misconception -- we do have a lot of that in trading. And it is also better than having them vent off like people do in other forums.
I wonder if we have a statistic that relates which percentage of contributions come from which percentage of the memberhip. I guess, if we are anywhere near the pareto principle where 80% of the contributions come from 20% of the membership, then we would be at an ideal situation. The reality is, even in large trading firms 80% of the profits come from only 20% of the traders; so the pareto principle holds well in this field.

I think we need to be clear on what we are trying to solve and how the solution is going to help with that problem. I'd be concerned if we apply a half solution / non-solution to what we think is a problem today, and end up turning people off for no good reason. There is value to be gained by having new members join. After all, who is to say that we got all the know-how we'd ever need among the members we have today, and no one could predict what additional value a new member brings to the table. So, stunting the growth of futures.io (formerly BMT) is something we should be cautious about.

Cheers!

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  #274 (permalink)
 bearman12 
Tobyhanna, Pa.
 
Experience: Intermediate
Platform: NinjaTrader
Trading: forex
 
Posts: 1 since Jan 2011
Thanks: 1 given, 0 received

Big Mike:

It should be only elite access. You have a great resource and a minimum payment is nothing. Because of your site, I personally have turned the corner.

THX


Big Mike View Post
All,

I am contemplating a major / drastic change to the behavior of all downloads on the site. The change would be to make all downloads Elite Only. I mean all downloads, in posts, threads, downloads section, everywhere globally. The only exclusion would be images (screen shots), but all other file types would be available only to Elite Members.

I have mixed feelings on this, so wanted to get some feedback from the users to consider as well before making any decisions. The main reason for the desire to change is to protect the work and to protect the value of the community.

Right now, too many "bots" are downloading our indicators and posting them on other sites as their own. Right now, too many real people register "fake" accounts because they can't even be bothered to spend 30 seconds to type in correct info when they register, all because all they want is to download something and likely never participate further in the site.

I previously tried enforcing a 10 post minimum for downloads, but all that did was have people create 10 junk posts. So that isn't going to work.

It seems the best way to protect the collection of downloads the users have worked very hard on, is to restrict access to only those who are serious about trading.

It certainly doesn't have to be Elite only, but the only other realistic option to implement is the minimum post requirement. If I change it to say 50 (instead of what we tried before, 10) then maybe it would prevent people from creating 50 spam posts just to download something, but still allow people who are serious about trading - but for whatever reason aren't Elite members - to still download. But the problem is, 50 posts is far, far more than what most people have (unfortunately), so such a requirement is likely to just piss off a lot of people.

The desire to change is not about increasing Elite sign ups. In fact, lately I have been wondering if futures.io (formerly BMT) is getting "too big" as we've started to attract some of the trolls from other sites and sometimes some of the posts are getting unfriendly lately. I am fighting this very hard as I am sure you are as well. We all want futures.io (formerly BMT) to remain a unique place, a place where everyone is truly here to help, and not start arguments, call each other names, or other troll like behavior. So this might mean making futures.io (formerly BMT) a more exclusive place where only serious traders are welcome.

Now obviously, just because someone pays for Elite membership does not automatically mean they are a serious trader. But they are probably far less likely to be a trouble maker while paying for the privilege to be here.

So a move of making all downloads Elite only might stunt our growth in terms of new user sign ups to the site, but that is fine with me if it means that what growth we have is of a higher quality and caliber user. I don't want to make the requirement solely based on post count, because there are far, far too many people who do not post much but are still working very hard to improve their trading. These people have signed up for Elite status to help support the site, and I think that entitles them to receive the downloads without a minimum post requirement.

Anyway, so there it is. Some of my many thoughts on the matter. Please share yours. I'm hoping to get a good mix of replies from both Elite Members and non-Elite Members.

Mike


 
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  #275 (permalink)
 Geeko 
Sarasota FL, USA
 
Experience: Advanced
Platform: TradeStation
Trading: Futures
 
Posts: 4 since Jun 2011
Thanks: 2 given, 0 received

It looks as though you've got plenty of feedback here and I'm of the view that it won't change those that really want to 'pirate' code, for a nominal fee they would still have access to it all as they ca do on a lot of other sites.

I empathize with those that have these concerns as I do however as it's been highlighted here on numerous posts, the code is only part of it and face it, they may sell a few copies but as often the case they will be exposed sooner or later for the frauds they really are....

My 2 cents.

 
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  #276 (permalink)
 phil 
philly
 
Experience: Advanced
Platform: NT
Broker: amp
Trading: Corn and Beans
 
Posts: 9 since Apr 2010
Thanks: 0 given, 4 received

I think only you Mike must make the final determination.
You broached 10 problem situations that exist under the current structure.
Only you as administrator are aware of these flaws.
Your generous intentions have opened a door that you never knew existed.
This situation will probably only get worse as time goes on.

 
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  #277 (permalink)
 sharky 
MIAMI,FL
 
Experience: Advanced
Platform: NinjaTrader
Broker: Private
Trading: Zn,6E,6J
 
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Posts: 1,060 since Jun 2009
Thanks: 624 given, 3,900 received

i think bmt started by a few of us guys posting free lessons and indicators,in part to teach ourselves and in part to help other traders get stuff for free indicators that others charge for even though the original idea was not theirs to begin with.i rather leave bmt like it is.some free stuff and some stuff you need to pay for if the author of the indicator or idea wants to post it in elite or not...sharky

KILLING THE MARKETS DAILY
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  #278 (permalink)
 Eagle01 
Dallas, TX, USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES, currency futures, oil
 
Posts: 16 since Oct 2010
Thanks: 51 given, 3 received

I totally agree with your suggestion to make all downloads available to elite members only. I have the feeling it will weed out most (not all) bad "apples". Go for it!

 
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  #279 (permalink)
 oztrader25 
Newcastle
 
Experience: Advanced
Platform: Ninja MT4
Trading: ES
 
Posts: 43 since Aug 2011
Thanks: 2 given, 45 received

As I understand it any thing posted on the internet is considered public knowledge

It is Mikes site and not really a democracy

I for one would support whatever you decide Mike

and you cant please all of the people all of the time

Maybe there is some way to make the downloads only work on the machine that downloaded them so that any person who wants to use them for resale would at least have to rewrite the code I know that I had to supply my machine code to Ninja for example

I also think Elite is too cheap and maybe an annual fee should be implemented

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  #280 (permalink)
 4xmaster 
USA , Florida
 
Experience: Advanced
Platform: NinjaTrader 7, NT8
Broker: FXCM, Kinetick, MB Trading
Trading: Forex GBP/USD
 
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Posts: 20 since Oct 2010
Thanks: 286 given, 12 received

I agree with most of the dedicated and true members of this site this work should be protected Elite only for all downloads.

 
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  #281 (permalink)
 kbit 
Aurora, Il USA
 
Experience: Advanced
Platform: TradeStation
Trading: futures
 
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Posts: 5,902 since Nov 2010
Thanks: 3,294 given, 3,358 received


sharky View Post
i think bmt started by a few of us guys posting free lessons and indicators,in part to teach ourselves and in part to help other traders get stuff for free indicators that others charge for even though the original idea was not theirs to begin with.i rather leave bmt like it is.some free stuff and some stuff you need to pay for if the author of the indicator or idea wants to post it in elite or not...sharky


+1

 
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  #282 (permalink)
 Coyote 
Scottsdale, AZ
 
Experience: Beginner
Platform: Ninja
Broker: Mirus Futures/Zen-Fire
Trading: currency futures
 
Posts: 8 since May 2011
Thanks: 2 given, 1 received


Big Mike View Post
All,

I am contemplating a major / drastic change to the behavior of all downloads on the site. The change would be to make all downloads Elite Only. I mean all downloads, in posts, threads, downloads section, everywhere globally. The only exclusion would be images (screen shots), but all other file types would be available only to Elite Members.

I have mixed feelings on this, so wanted to get some feedback from the users to consider as well before making any decisions. The main reason for the desire to change is to protect the work and to protect the value of the community.

Right now, too many "bots" are downloading our indicators and posting them on other sites as their own. Right now, too many real people register "fake" accounts because they can't even be bothered to spend 30 seconds to type in correct info when they register, all because all they want is to download something and likely never participate further in the site.

I previously tried enforcing a 10 post minimum for downloads, but all that did was have people create 10 junk posts. So that isn't going to work.

It seems the best way to protect the collection of downloads the users have worked very hard on, is to restrict access to only those who are serious about trading.

It certainly doesn't have to be Elite only, but the only other realistic option to implement is the minimum post requirement. If I change it to say 50 (instead of what we tried before, 10) then maybe it would prevent people from creating 50 spam posts just to download something, but still allow people who are serious about trading - but for whatever reason aren't Elite members - to still download. But the problem is, 50 posts is far, far more than what most people have (unfortunately), so such a requirement is likely to just piss off a lot of people.

The desire to change is not about increasing Elite sign ups. In fact, lately I have been wondering if futures.io (formerly BMT) is getting "too big" as we've started to attract some of the trolls from other sites and sometimes some of the posts are getting unfriendly lately. I am fighting this very hard as I am sure you are as well. We all want futures.io (formerly BMT) to remain a unique place, a place where everyone is truly here to help, and not start arguments, call each other names, or other troll like behavior. So this might mean making futures.io (formerly BMT) a more exclusive place where only serious traders are welcome.

Now obviously, just because someone pays for Elite membership does not automatically mean they are a serious trader. But they are probably far less likely to be a trouble maker while paying for the privilege to be here.

So a move of making all downloads Elite only might stunt our growth in terms of new user sign ups to the site, but that is fine with me if it means that what growth we have is of a higher quality and caliber user. I don't want to make the requirement solely based on post count, because there are far, far too many people who do not post much but are still working very hard to improve their trading. These people have signed up for Elite status to help support the site, and I think that entitles them to receive the downloads without a minimum post requirement.

Anyway, so there it is. Some of my many thoughts on the matter. Please share yours. I'm hoping to get a good mix of replies from both Elite Members and non-Elite Members.

Mike

Mike,

While I don't know how to use the site completely, it is a great place. Many have invested a lot of time to offer indicators to help others trade better. I think making everyone who wants to download an indicator become an Elite member is a great idea. I. for one applaud the idea.

Coyote

 
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  #283 (permalink)
 tradingds 
Zurich, Switzerland
 
Experience: Intermediate
Platform: Ninjatrader
Trading: Futures
 
Posts: 5 since Apr 2011
Thanks: 1 given, 1 received

First of all thank you Big Mike for all the effort you put in to the futures.io (formerly BMT) forum! I started using NT a few month ago and I'm still in the learning process. But your forum has helped me making a lot of progress. I've been an elite member from the beginning on and it was of great value for me to have access to everything. I haven't posted anything so far because I'm right now soaking up as much information as I can. I have no knowledge in programming, but through the usage of all the indicators I got into it a bit. I'm trying to program my own indicators, still learning a lot.

I've been reading a lot in different threads to improve my trading and I made the experience that as of lately there are more and more destructive, off topic posts in some of those threads as well as people that jump into the thread at some point, having no idea what it all is about and post some "crap". I don't know if those people are "elite" members or not, but it certainly pulls the quality down.

I think this system the way you have it right now regarding the indicators is great, because if some of the developers want to have their indies only available for Elite members they can already do it. And some want to put their indies just out there for everyone. If someone takes advantage of that and sells it to others, that's wrong, but I don't think you can prevent it.

Further I feel like everybody (elite member or not) should be able to READ the thread and look at the pictures posted but only elite members should be able to post a comment in the forum and be able to download anything/watch webinars.

So far my thoughts on that subject.

Thank you again for your big effort and keep it up!

Cheers

Dave

 
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  #284 (permalink)
 randyjb 
Southern California
 
Experience: Intermediate
Platform: NinjaTrader
Trading: TF
 
randyjb's Avatar
 
Posts: 70 since Jun 2009
Thanks: 479 given, 32 received

You most definitely have my vote for elite only for downloads. I haven't yet heard a viable alternative.

Happy Trading,

Randy
 
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  #285 (permalink)
 kareem40 
Dallas, TX
 
Experience: Intermediate
Platform: NT, TS
Broker: IB, Oanda
Trading: ES, MES, MNQ, MYM
 
kareem40's Avatar
 
Posts: 655 since May 2010
Thanks: 1,864 given, 875 received

Good idea, I am for Elite only download. But I also think that if a free member has received certain number of "thanks", they should have that access. The main goal should be to increase posts, good posts.
Thanks
Kareem

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  #286 (permalink)
 rapid58 
Newcastle, NSW, Australia
 
Experience: Beginner
Platform: NinjaTrader, MetaTrader
Broker: Go trader, Zen-fire
Trading: ES. forex
 
Posts: 3 since Jul 2010
Thanks: 42 given, 0 received

I think it was Sharky that said, 'people will be people'. He's right! You can put locks on your doors but they only keep the honest people out. Code thieves will access the Elite section regardless of conditions or price.

I appreciate the forum the way it is and have enormous gratitude to those who contribute so generously.

Personally I'm in a learning phase...I would love to be a 'serious trader'. I haven't posted because I've got nothing of value to contribute yet. Setting a minimum number of posts would have people like me posting drivel just to stay on the forum.

As I said earlier I like the way the forum is, my only suggestion would be tighten up registration and moderation of the site, valid email details etc. I'm not that computer savvy but there must be ways of keeping the pests of your site.

 
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  #287 (permalink)
 kauai35 
los angeles, ca
 
Experience: Intermediate
Platform: Ninja
Broker: Halifax America / Rithmic
Trading: TF, YM, CL, 6E
 
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Posts: 17 since Apr 2010
Thanks: 27 given, 4 received

The programmers who're nice enough to share their work are doing so within and for the community. Let's not take them for granted or let their work be stolen without the thief at least having to paying for it. To all the great programmers and traders on this site who share what they have to offer, I'd just like to say Thank You!

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  #288 (permalink)
 Stones 
Cleveland
 
Experience: Intermediate
Platform: Open E Cry, Think or Swim
Broker: Daniels/Open E Cry, Think or Swim
Trading: Futures
 
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Posts: 2 since Aug 2011
Thanks: 11 given, 0 received

Hello Mike. I'm new to the site and still learning the ropes. So I have not posted yet, but I have no problem with having to become an elite member to access downloads. Thank, Stones

 
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  #289 (permalink)
 raj1301 
Wayne, PA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES
 
Posts: 10 since Jul 2011
Thanks: 6 given, 6 received

Some free members contribute a lot to this site. Can we give access based on individual contributions?

Raj

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  #290 (permalink)
 dmane 
Sydney NSW Australia
 
Experience: Intermediate
Platform: NinjaTrader, TradeStation
Broker: Mirus Futures/Zen-Fire & Tradestation
Trading: ES
 
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Posts: 14 since Dec 2010
Thanks: 15 given, 20 received

There's two things going on here, two reasons why people come to this site. One is as a community of honest and generous and may I say incredibly honest and generous people with a common interest. The other is as a source of profit making solutions. This site is never marketed like a course in profit making but I'm sure that's what the Downloads section is to a lot of people and it seems fair to charge. But charge in a friendly-benfit to you-we want you here new guy way. I think charge per download in the non-elite section, not much but enough to say outsiders you're welcome here and you pay for the value you receive, try it cheap, as a benefit, not a punishment and if you like it join up. Ie, Big Mike is doing something for you Mr Outsider by giving you downloads at a price less than membership & if you like it come on in.

 
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  #291 (permalink)
 Poocher 
Los Angeles
 
Experience: Beginner
Platform: SC, MT,
Broker: Forex
Trading: Forex
 
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Posts: 303 since Jun 2009
Thanks: 361 given, 109 received

The solution to indicators from Big Mike's Trading Forum being sold for big bucks is to make it more likely that traders will find the indicators on futures.io (formerly BMT) instead of for sale somewhere else.

futures.io (formerly BMT) needs to advertise the fact that every trader should check futures.io (formerly BMT) for free or almost free (Elite) indicators before buying indi's somewhere else.

I'm donating $20 right now for the new futures.io (formerly BMT) advertising campaign!!!

 
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  #292 (permalink)
 lolu 
Lagos, Nigeria
 
Experience: Intermediate
Platform: NinjaTrader, SierraChart
Trading: Euro Currency & Oil
 
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Posts: 2,502 since Jun 2009
Thanks: 1,029 given, 1,664 received

Let start by having an Elite thread -----> Free Indicators & Strategies.

So, there will no more be Want your NinjaTrader indicator created free thread. Indicators & Strategies contributors who are Elite members should do all their posts in the new thread. Non-Elite members who want to contribute and post their free indicators & Strategies to this new thread must have their indicators as links to the new thread (i. e. Free Indicators & Strategies) if Mike can work out how this can be achieved; they would NOT post their free indicators & Strategies directly to any "un-Elite" thread.

On those that download indicators on futures.io (formerly BMT) to sell them, there should be a kinda continuous flashy display on futures.io (formerly BMT) to indicate that the patrons of such ventures are MORONS.

Lolu

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  #293 (permalink)
 bijeremiad 
San Francisco, CA
 
Experience: Beginner
Platform: IB
Trading: Stocks
 
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Posts: 410 since Jul 2011
Thanks: 284 given, 338 received

Here are a few alternatives to "downloads for Elites only":
  • Capthcas for downloads will keep bots out but not leechers
  • Tiered membership: Elite vs download vs free
  • Various activity guides: min # of posts is obvious, but what about a rolling # of page views or "Thanks" clicks. Or someother behavior that indicates human interest and contribution (like reading multiple pages in a thread or time spent on the site). I haven't posted much yet, but I do say thanks when i see something that helps.
  • A trade journal takes a lot of effort, but what if you had an Elite pay, but if you kept an "active" journal, the fee could be waived for the time your journal is active. Then you could get posts "quickly" and "garbage" would just pile up in descrete threads.
  • Or you could limit # of downloads to X per month without paying. Need to pay more or post more (on a rolling basis) to download more than X/month.
  • Or what about micro charges of $0.05/download or $1/month; getting a credit card would help sift the fake/unmotivated accounts.
I am a lurker, but not a leecher (no downloads other than screen shots in journals). I am not a serious trader yet, but will come here more frequently as I make that transition. If the price to stay is $50, I should probably "bite the bullet"; that's only four ticks on an ES contract...

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  #294 (permalink)
tonylipton
jennings missouri america
 
 
Posts: 24 since Sep 2010
Thanks: 5 given, 28 received

to date, i have posted 20 times and 17 of them are attachments, 12 of which are code. i try not to be frivolous and would be disappointed if i was restricted from my own code. and the last code i posted was something i learned from a big mike webinar.

 
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  #295 (permalink)
 Bookworm 
Long Island, NY
 
Experience: Advanced
Platform: TOS & Tastyworks
Broker: TD Ameritrade
Trading: Equities, index options and futures options
 
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Posts: 175 since Apr 2010
Thanks: 65 given, 166 received

Open forum with Elite access to webinars and downloads seems like a good compromise.

 
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  #296 (permalink)
 TraderJ 
Australia
 
Experience: Intermediate
Platform: Custom
Trading: GC, CL, ES, 6E
 
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Posts: 23 since Sep 2009
Thanks: 779 given, 37 received

Maybe have a part at the top of the site that explains to newbies that a lot of vendor indicators are available here.

Maybe allow traders to post a screenshot of a vendors indicators and then post a screenshot of equivalent futures.io (formerly BMT) indicators.

Of course this opens a legal can of worms for futures.io (formerly BMT).

 
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  #297 (permalink)
 Ron 52 
Bay Area, California
 
Experience: Intermediate
Platform: SC
Trading: CL, ES
 
Posts: 14 since Jan 2011
Thanks: 462 given, 15 received

If raising the entrance fee to the University of futures.io (formerly BMT) coupled with some type of “real person” identification addresses the “main reason” for this change then I support it. The education and insights one obtains from reading and digesting the information and materials contained in the individual threads, webinars and downloads offered by this community are outstanding. However, I would encourage some type of “free area inclusive of a few downloads ” so that first timers can get a “sense” of what futures.io (formerly BMT) is all about.
That being said, then one needs to ask what is the probability of achieving the desired results (“protect the work and ... community”) and what of unintended consequences? Not being a “techie”, one would think that there is a technical way to address the bot and fake account issue and if that means adding a fee to cover the costs then let’s do it. But, that does not address the situation where an person or entity harvests from the futures.io (formerly BMT) community an idea or technique and offers it as their own on another site or classroom, that has been going on even before this current digital world.
And lastly, do all the contributors to futures.io (formerly BMT) want all of their work “protected” or do some want to openly share without restriction?

So, for me it comes down to implementing some technical solution to address the “bot” and “fake” account issue and leave it up to the individual contributor to place their material in a free or paid (Elite) area of the futures.io (formerly BMT) site.

R.

 
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  #298 (permalink)
 peter1 
Madison, WI
 
Experience: Advanced
Platform: NinjaTrader
Broker: NinjaTrader
Trading: es
 
Posts: 4 since Jan 2010
Thanks: 7 given, 12 received

I agree totally with making all downloads Elite only. Heck make the whole thing elite only. Protect the community at all costs. I have received some great advice and ideas from the site and who in their right mind wouldn't return value. If an outsider was sneaking into a community and stealing or vandalizing or abusing members of the community, that community would be justified in protecting the community and keeping it a resevoir of resources. Otherwise it will be diluted very fast.
Just my two cents.

 
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  #299 (permalink)
 eDanny 
East Rochester, NY
 
Experience: Intermediate
Platform: NT
 
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Posts: 329 since Jul 2009
Thanks: 17 given, 423 received

I read to page 15, jumped to page 25 and then to the end. My eyes, my eyes! I have no problem with elite only downloads and if bots are a problem a captcha module would stop that.

Dan

 
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  #300 (permalink)
 lolu 
Lagos, Nigeria
 
Experience: Intermediate
Platform: NinjaTrader, SierraChart
Trading: Euro Currency & Oil
 
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Posts: 2,502 since Jun 2009
Thanks: 1,029 given, 1,664 received


tonylipton View Post
to date, i have posted 20 times and 17 of them are attachments, 12 of which are code. i try not to be frivolous and would be disappointed if i was restricted from my own code. and the last code i posted was something i learned from a big mike webinar.

You'll never going to be restricted from your codes as a Non-Elite member 'cos;

1. You already have your codes on your machine before you post them.

2. Any improvement on your codes on futures.io (formerly BMT) can be requested to be PMed to you.

Lolu

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