Damn! I get upset when I see this comment. To start with, this is the trading site I respect a lot; Traders trying to help other traders and have been sharing their view and codes without conditions. the 50 dollars is merely a contribution to keep the site running.
I don't think the Elite only is a good way to separate downloads permanently; however, i do think it is a start..... eventually move into who has contribution post number and such.
Indicators alone will not make a potential trader successful.
However, having done my share of programming and tweaking indicators I downloaded from here and the ninja site I can deeply appreciate the long hours it sometimes takes to express oneself in C#.
So when I saw someone collect information here for over a year and then open her own website selling indicators and trading methodology (considering what she knew about trading would fit on the head of a pin) - well I could not believe it.
I felt very bad for the people who had spent hours giving her their precious time and explaining at great length how their indicators worked.
Charge away I say.
It would be even better if the people who contributed indicators got a kickback for the number of times their indicator was downloaded. That might lead to even more indicators being uploaded.
My thought is that it would be wise to make downloads for elite only.
To have those who have made a commitment to being an elite member be the only ones who have access to downloads makes sense to me. To do otherwise might cheapen the value of the downloads and membership in the community.
For us honest traders and newbie programmers why don't you protect all posted Indicators so that the code can't be viewed unless your a Premium member (if possible). The same way Fat Tails protects his code, but as a member you would be able to view and edit the code for your own Personal Use "Only".
This way traders who want to, can learn how the code is used to create these different indicators and they also can modify them with there own preferences and preset settings or patch meal different code from different indicators to create there own unique indicator. This may be good way to provide the best of both worlds.
If you decide to only allow premium members to download the posted indicators, I would become a member, only if I can view the code, because for me this is for learning purposes to create my own indicators, since there is no books or tutorial's on writing code for NT. I'd rather learn how to fish then just receive a fish.
There is nothing wrong with starting your own business after learning some things. What is wrong is stealing someone else's efforts. This is the only reason I am happy to pay for the service, to not encourage scam artists to steal code and pawn it off as their own. This woman you mention may be making totally unique code based on her learning here, and Im not sure how that is wrong since I am sure most people have sold their knowledge at some point or another. In fact, unless we existed in a Communist society where trading would not even be possible since we would have developed as a society beyond it, there will never be people that do no sell their knowledge. I am sure she is appreciative, and if not then it will show in her shoddy business model as she deals with people. Without a link and background information it is hard to make a judgement on her.
I mainly agree with most of what Nicko says, I've seen other Free groups where some members decided to be Paid mentors, run Paid trading rooms, offer Paid indicators and trading systems, etc, and this turned into a disaster for the original Free room.
You, on the other hand, have turned a free forum into a split group, where some who wish to send you money have more privileges, etc than those who do not.
There are too many freely available sources nowadays available from knowledgeable traders, of course, the choice is yours to make your 'room' whatever you want to.
Although I am really new here, I am looking forward to learning as I am a newbie and want to learn from true educated individuals... I find it hard to sort through the mess of folks trying to get my money and I"m not sure I will learn anything ... or anything useful, anyway.
A site that makes folks pay for downloads is usually better, IMHO. I haven't paid to be elite yet as I am not sure what that involved and was, I need to read up on the site more.
But I am still for it, and I thank you very much for this great site.