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Indicators Looks like EOT Allas (off topic version)
ADMIN NOTE: THIS WAS ORIGINALLY NOT POSTED IN OFF-TOPIC, IT WAS MOVED TO ALLOW EVERYONE TO CONTINUE THE DISCUSSION THAT SPAWNED FROM THE ORIGINAL TOPIC BUT WAS NOT BENEFITING THE PURPOSE OF THE ORIGINAL TOPIC.
7/7/09 - BIG MIKE
I find a indicator from Traders Lab. that looks like EOT allas Avg. If some one make some improvements, then it will be great addition to indicators family Big Mikes blog. I attach here some images as well as zip copy of indicator.
Links to images:
Cool, it's always nice to have the opportunity to understand an indicator and of course I love tweaking things to make them "my own"
But... <soap box on>
I wanted to also say that I think it is fair to pay people for work they've done, if it is useful to you. For instance, I paid about $ 3,000 for Blue Wave Trading indicators a while back. It was useful to me, then. It hasn't been useful lately because I've been trading very differently and moved away from them.
With EOT, I used their trial for their trading room for a while, and spoke with Richard, Shelly, Bill, and Glen. These guys are stand up people, far and away different than any other trading room or indicator package I've ever seen before. And I've seen a lot. I cannot emphasize this enough, Glen and his team really truly care and that is the best type of support you could hope for.
If you are new to trading or just having some trouble making sense of everything or making a profit, I think EOT's trading room is probably the best money you can spend.
</soap box off>
So the point of this post was to not lose sight that sometimes it is well worth paying someone for their experience and time, just be sure to do your due diligence first to make sure it's a good value, because many (most) aren't.
i think the eot it is very similar with stepma ... i have played with this some times ago. people will create a new indicator, that based on know source, so i want say ... do not buy indicators ...
A glance at the code shows it is nothing like Alla's average. But, even if it were the exact same average, the indicator .cs file you pointed to claims to have an initial release at 9-11-2008. We've had Alla's average a lot longer than that. So, as a forum moderator, could you at least hold yourself up to basic standards in terms of getting your facts straight before you tell people I stole it? As one of the citizens here that you are moderating, I would appreciate it.
Witness also the volume splitter thread on TL, where I am actively helping them arrive at a decent clone of our indicator. Thanks to people like you, though, who don't bother to even look into it before making accusations, I'm sure in no time people will tell me I stole it from them. Yeah, I stole their code, made versions for several platforms, and then hopped into my time machine and released it a year ago. Whatever.... Every week someone sends me an email full of misspelled, randomly capitalized words telling me I'm trying to swindle people reselling crap from forums.
My skin is pretty thick, but sometimes I get tired of all the baseless bull**** that gets thrown around about my work. Even outside of trading, most freely shared software is a clone of someone else's original commercial endeavor. I don't have a problem with that. I love that. I actually hope that when clones of my work come around, that eventually the community improves upon what I've done. I DO have a problem with people getting it completely backwards and feeling empowered to spout off about it anonymously, though.
The average from TradersLaboratory that started this thread, on the other hand, does appear to be very similar to Alla's Average. But even then, when I bother to search TL, the only thread I can find about it was started in 2009 and it's another case where they were trying clone/modify someone else's indicator.
In Alla's Average case, we've always been very open about that indicator being an average of swing highs and lows. Anyone who's spent time in our room can attest to that. We don't go around pretending that something is super-complicated when it's not. And it's not hard to believe that someone else could come up with the same idea even if they'd never heard of our average (just like scientists and mathematicians independently discover the same thing all the time... it's natural for that to happen when people all over the world study the same problem). But a lot of people would instead prefer to insinuate that I am some kind of crook, which kinda sucks, you know?
that is your opinion and i respect this. i like commerical products but i like more open source software. so imo, i do not pay for closed code for trading. i do not know exactly, what your or a other closed code make. so i do not like black box systems. that is what i mean and not you have stolen and new build. it is fine, that you build new indicators and it is also fine that you make money.
Please do not be churlish. I know that every developer wants to protect his code. Is also its intellectual property. StepMa was developed in 2007. Only thus incidentally. The transformation of MT4 to C # in 2008 has taken place. The gift of the internet gives us knowledge. This knowledge can combine and use as you wish. A free spirit was the basic idea of the Internet. Previously searched the people in books and publications. I am a friend of the open source community and not of the crack the code community. I like the power of development. I do not know your code and see only the code of StepMa. In this sense, it is a one-sided argument.
and wh im with you i dont buy anymore ive been screwed so many times by commercial indicators,but on behalf of eot ive heard nothing but good things about your indicators even though i havent tried them im happy for you guys if you are helping people learn...sharky
The folks at EOT Pro are outstanding, and I believe it's worth the subscription price. Visit their trading room and you can enjoy a comfort that you might not otherwise have, especially if you are gingerly entering the world of futures trading. Old, experienced traders might not want or need to be a part and that's fine. But the support there is very good, and they are always trying to improve their "product". I like it a lot. Just as I like Big Mike's effort.
