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Too Paranoid?
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Created: by MedianVelocity Attachments:1

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Too Paranoid?

  #21 (permalink)
Market Wizard
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MedianVelocity View Post
I was getting maybe a little too paranoid reading about how some people were stealing indicators from the members forums and requested images of my proprietary technical analysis system be taken down. Just in case someone were to attempt to try to reverse engineer them. Big Mike said he won't take them down.

Maybe this horse has been beaten enough... but just another short word:

People stealing indicators refers to a few people who downloaded indicators, mainly from the elite section, and relabeled them and sold them (or in some really bad cases, *leased* them on a monthly basis!) to those lost souls who are always looking for the magic way to get rich.

@Big Mike is very vigilant about this stuff.

There are approximately 15 billion charts with indicators on futures.io (formerly BMT) (well, maybe not quite), and the get-rich-quick scammers are not going to spend their time trying to reverse-engineer the images when there are much easier pickings available, that do not involve any work (other than writing ad copy.)

I would also say that if anyone had someone else's exact system, with clear rules and everything, it is very unlikely that they would make any money with it, unless they spent a lot of time with it, made it their own, and probably changed it some to suit themselves. (I'm not talking about a pure algorithmic, fully automated system you just click and run.)

So I guess I just beat that horse more than it needed

But I wouldn't worry about the whole thing.

Bob.

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  #22 (permalink)
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bobwest View Post
I would also say that if anyone had someone else's exact system, with clear rules and everything, it is very unlikely that they would make any money with it, unless they spent a lot of time with it, made it their own, and probably changed it some to suit themselves. (I'm not talking about a pure algorithmic, fully automated system you just click and run.)

@bobwest,

Well said . When I read that people think that their method or proprietary indicators are an edge that others can reverse engineer or exploit, I just have to laugh. Look at the number of systems out there for sale at minimum costs or chat rooms with systems that in both cases hardly anyone can follow and make money using. Hardly anyone can duplicate any of the systems out there..

Unless someone is willing to do the work to understand the system, adapt it to their style and personality to make it their own, and test it rigorously to build confidence in it, their chances are virtually nil at exploiting the edge.

My experience is the most traders are very lazy and just want the indicators or setups and will not do any subsequent work with it. So I agree with you, there is nothing to worry about at all with anyone spending any time at all figuring out the system or edge... Remember .. 95% fail and most for a very good reason.. Laziness.

Wolf

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  #23 (permalink)
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MedianVelocity View Post
I was getting maybe a little too paranoid reading about how some people were stealing indicators from the members forums

I'm really trying to understand this. Where did you hear about people stealing indicators form the "members forums"? If you didn't upload your indicators how can they be stolen?

If someone was smart enough to reverse engineer a system from images I think they'd be smart enough to come up with their own system to make money.

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  #24 (permalink)
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deja vu

not to , but

the better question is... can you trust your broker isn't reverse engineering your profitable system?

https://futures.io/brokers-data-feeds/24337-can-brokers-steal-trading-concepts.html

or

what about hackers?

https://futures.io/metaquotes-metatrader-mql-programming/28628-security-issues.html




Last edited by Itchymoku; December 28th, 2013 at 03:29 PM.
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  #25 (permalink)
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@Itchymoku

Love the avatar!

Hopefully nobody will 'reverse engineer' it

Know The Rules Well So You Can Break Them Effectively
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  #26 (permalink)
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@MedianVelocity

To protect your trading empire, I think you should start at the beginning:

MedianVelocity --> MedianVelocity®

You might even want to trademark and copyright "MV", and possibly even "M" and "V" seperately.

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  #27 (permalink)
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srgtroy View Post
@MedianVelocity

To protect your trading empire, I think you should start at the beginning:

MedianVelocity --> MedianVelocity®

You might even want to trademark and copyright "MV", and possibly even "M" and "V" seperately.

That's funny, when I first saw his posts with chart images I wondered whether he was setting up as a stealth vendor.

But I was probably just being paranoid....

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  #28 (permalink)
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Copyright, trademark... Meh... No reason to bother with that! I will probably just keep my methods to myself.

I kind of trade with a different mindset. People look at indicators and want signals. I look at indicators and see market motion and cycles. Then I position at different price levels for a set amounts of time and then the indicators tell me if the trade should be held, profits taken, or cut. If price isn't heading where it's supposed to be going, that's also another reason to cut the trade.

If price isn't doing what it's supposed to be doing, it's going to do the opposite! How's that for a vague statement?

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  #29 (permalink)
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I want to comment on your concept of so many people jumping on a "method" that it becomes useless. I would
think that a strict trading method would not work at times because markets are constantly in flux throughout the
year. If one were to wait long enough, the method would once again become valid for a while.

I find it difficult to believe that so many players would trade with / against a certain method that it would
actually change a market and / or make a method useless.

Now I speak of the equity index futures. Who knows what could drive instruments with little liquidity. That's why
it's safer to trade the large liquidity markets. They are too hard to manipulate.

The only method that stands the test of time and any market condition is Price action at support and resistance.
This is the only thing that truly drives markets.

IMHO , of course


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #30 (permalink)
Market Wizard
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MedianVelocity View Post
I was getting maybe a little too paranoid reading about how some people were stealing indicators from the members forums and requested images of my proprietary technical analysis system be taken down. Just in case someone were to attempt to try to reverse engineer them. Big Mike said he won't take them down.

Oh well, at least I never posted my entry/exit timing system so W/E.

Am I a bit too paranoid? How paranoid are you when it comes to your trading system/method?

now I have to go back and read all your posts.

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