NexusFi: Find Your Edge


Home Menu

 





Too Paranoid?


Discussion in Psychology and Money Management

Updated
      Top Posters
    1. looks_one MedianVelocity with 11 posts (2 thanks)
    2. looks_two Itchymoku with 7 posts (3 thanks)
    3. looks_3 Big Mike with 4 posts (1 thanks)
    4. looks_4 srgtroy with 4 posts (3 thanks)
      Best Posters
    1. looks_one srgtroy with 0.8 thanks per post
    2. looks_two Itchymoku with 0.4 thanks per post
    3. looks_3 Big Mike with 0.3 thanks per post
    4. looks_4 MedianVelocity with 0.2 thanks per post
    1. trending_up 6,126 views
    2. thumb_up 10 thanks given
    3. group 6 followers
    1. forum 37 posts
    2. attach_file 1 attachments




 
Search this Thread

Too Paranoid?

  #21 (permalink)
 
bobwest's Avatar
 bobwest 
Western Florida
Site Moderator
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
Frequency: Several times daily
Duration: Minutes
Posts: 8,162 since Jan 2013
Thanks Given: 57,341
Thanks Received: 26,267


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.

When one door closes, another opens.
-- Cervantes, Don Quixote
Reply With Quote

Can you help answer these questions
from other members on NexusFi?
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
Are there any eval firms that allow you to sink to your …
Traders Hideout
Deepmoney LLM
Elite Quantitative GenAI/LLM
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
38 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
GFIs1 1 DAX trade per day journal
19 thanks
The Program
18 thanks
  #22 (permalink)
 
Traderwolf's Avatar
 Traderwolf 
Raleigh,NC
 
Experience: None
Platform: Versatile and Stable
Broker: Reliable and Accurate
Trading: Money
Posts: 250 since Feb 2012
Thanks Given: 154
Thanks Received: 1,028


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

Reply With Quote
Thanked by:
  #23 (permalink)
 Itchymoku 
Philadelphia
 
Experience: None
Platform: corded black telephone
Trading: ticker tape
Posts: 2,894 since Apr 2012
Thanks Given: 1,683
Thanks Received: 3,681



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.

R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
Reply With Quote
Thanked by:
  #24 (permalink)
 Itchymoku 
Philadelphia
 
Experience: None
Platform: corded black telephone
Trading: ticker tape
Posts: 2,894 since Apr 2012
Thanks Given: 1,683
Thanks Received: 3,681

not to , but

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



or

what about hackers?





R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
Reply With Quote
Thanked by:
  #25 (permalink)
 
srgtroy's Avatar
 srgtroy 
Los Angeles, California Republic
Legendary  R.I.P. 1965-2023 
 
Experience: None
Platform: Sierra Chart
Broker: CQG
Trading: ES
Posts: 1,928 since Jan 2011
Thanks Given: 1,375
Thanks Received: 3,722

@Itchymoku

Love the avatar!

Hopefully nobody will 'reverse engineer' it

R.I.P. Roy Goldberg (srgtroy), 1965-2023.
Please visit [url="https://nexusfi.com/off-topic/60226-srgtroy-r-i-p-brotha.html[/url] for more information.
Reply With Quote
Thanked by:
  #26 (permalink)
 
srgtroy's Avatar
 srgtroy 
Los Angeles, California Republic
Legendary  R.I.P. 1965-2023 
 
Experience: None
Platform: Sierra Chart
Broker: CQG
Trading: ES
Posts: 1,928 since Jan 2011
Thanks Given: 1,375
Thanks Received: 3,722

@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.

R.I.P. Roy Goldberg (srgtroy), 1965-2023.
Please visit [url="https://nexusfi.com/off-topic/60226-srgtroy-r-i-p-brotha.html[/url] for more information.
Reply With Quote
Thanked by:
  #27 (permalink)
 futuretrader 
Como Italy
 
Experience: Intermediate
Platform: Ninjatrader, customized
Trading: ES
Posts: 525 since Feb 2010
Thanks Given: 471
Thanks Received: 643


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....

Reply With Quote
  #28 (permalink)
 MedianVelocity 
 
Posts: 135 since Dec 2013

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?

Reply With Quote
  #29 (permalink)
 
tderrick's Avatar
 tderrick 
Nashville, Tennessee
 
Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker: AMP / CQG
Trading: NQ, YM and ES
Posts: 1,588 since Sep 2010
Thanks Given: 4,260
Thanks Received: 2,532

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"
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
  #30 (permalink)
 
cory's Avatar
 cory 
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
Posts: 6,098 since Jun 2009
Thanks Given: 877
Thanks Received: 8,090



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.

Reply With Quote




Last Updated on February 15, 2014


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts