Platform: NinjaTrader, Metatrader, omnitrader, tradestation, Window on Wall Street
Favorite Futures: ES TF Ym eur/usd audnsd
Posts: 8 since Sep 2010
Thanks: 18 given,
Elite only for ALL downloads?
If this site is devoted to helping people and someone downloads something, makes it their own. They make a profit with it by selling it or trading with it, Have they been helped? Or is it really about the money, copyright infringement, etc.
If you are a bridge between the unknowing, unprofitable and the knowing, profitable, then do you get upset because someone walks over you? You help all who cross this way, just some not in the way you originally intended. If a bum sleeps on the sidewalk, he was helped by providing a place to sleep. A skateboarder sliding and grinding down the steps and rails, was he helped by providing a place to play?
This is an execellant place for a lot of purposes and when it really gets down to the nitty gritty. Trading is about you, who are you in the market place. You must know yourself first and that takes time. Whether I paid someone else for an indicator of got it for free on futures.io (formerly BMT) is of little relevance if it helped me to learn something. But I think we all are moving toward the place where indicators are of little value to us on our charts. In the process we develop intuition of what to expect from the Movement in the Market Place.
Just a different perspective.
Champions are made by risking more than others think is safe,
Dreaming more than others think is practical,
and expecting more than others think is possible.
I have traded for a number of years but have never coded. The download facility is great as it helps with learning how to develop your own (in my case a very painful and long winded experience) I do believe that the nature of sharing is great and very helpful to me.
I do think that it is best for the Elite section.
In my experience there seems to be many people who want something for nothing. There are also many people who comment for no good reason and to no benefit except to themselves. They like to vindicate themselves with comments. I find these frustrating as a decent thread can suddenly become too many pages and you waste time trying to get decent comments.
Getting rid of useless comments should be a priority. Certainly trying to get more comments per page would help save a lot of time. This thread is now 42 pages long ! too much to read all of the comments.
Keep it succinct and exclusive and don't worry too much about what others think.
Hi Mike! I'm against post requirements.I'm not experienced trader and I have nothing to post yet.But I very thankfull to you and everyone who make posts.Good learning.$50 dollars is nothing in compare to what you get from this site.
This is a great site and Big Mike and all the mods did a really great job here. In my opinion this forum is not only so good because of all the indicators rather than the people and the way they talk to each other, the shared ideas and to get new contacts and met other trading buddies.
Sharing/selling of indicators
You simple can not stop people to download indicators here and sell or share them on other places in the internet. When you know how to search the internet you will find almost any indicator that was initially uploaded here (elite or not) on at least three other sites.
All authors have to be aware that once they upload their stuff, it will spread to other sites. They simple can't control what happens to their stuff. So if you don't want that, you shouldn't upload anything. Captchas are good to prevent bots from downloading.
The other thing is, that people download the greatest indicators but because they don't know how to use them, they going to search for the next amazing looking indicator without taking the time to read about them or try to find a strategy to use them in a way that suits their personal trading style. Let them download the indicator and it will only help the people who are willing to spend some time to understand the idea behind the indicator and how to use it. And when somebody does this I don't mind that (s)he gets the indicator for free.
So I would NOT make downloads only accessible to elite members, it wouldn't have any effect. I think the current solution is good enough, that the author can choose if (s)he wants it in the elite or public section.
This is by far a bigger problem. Like Big Mike said, the friendly and very helpful community here is what makes this forum so unique and I think this is the main reason why people are sharing ideas here and try to help each other. They don't have to bother about senseless argumentations.
I have a split opinion about the membership fee. On one hand it will definitely cut out some trolls and that's good and probably the way to go. But on the other hand if you don't get access to some good information for free you probably don't want to become a member. So, there has to be some information for free.
Like Big Mike said a post count will be probably not helpful. I guess from 20 people 12 will never be participate 7 are here for learning and only 1 person has something to share and post something and that's good because it keeps the level high. But this 1 person can get more access to the site with her/his number of posts. But I like the idea that people get a little bit more access when they give a certain number of thanks to useful posts. With this way the useful posts will become more clearer as well because they have likely a few thanks below them.
But with this solution the problem is to arrange what information are free from the start and which information are free with the time.
Personally, the free downloads are what pushed my to sign on as a member. I figured if this stuff was free, the elite must be great (and it is). I saw it as sort of a preview of what I could get with membership. That said, I am fine with whatever you decide. This is your site and you need to manage it the way that works best and most efficiently for you. Do what you need to do and the rest will work itself out.
I'm an elite member for one year now and I have never regret the 50$ I gave. All the content available on your website definitly worth the money. Even if some people could complain to pay 50$ to download their first indicator, I'm pretty sure they will not regret their "investment" afterwards. And as another member already said, if you plan to enter the game, 50$ to help improve your skills is a gift.