List of vendors selling BMT indicators - futures io
futures io futures trading



List of vendors selling BMT indicators


Discussion in Trading Reviews and Vendors

Updated by wwwingman
      Top Posters
    1. looks_one Fat Tails with 9 posts (19 thanks)
    2. looks_two Big Mike with 5 posts (15 thanks)
    3. looks_3 cory with 4 posts (1 thanks)
    4. looks_4 Lornz with 4 posts (3 thanks)
      Best Posters
    1. looks_one Big Mike with 3.0 thanks per post
    2. looks_two forrestang with 2.5 thanks per post
    3. looks_3 Fat Tails with 2.1 thanks per post
    4. looks_4 DoctorGM with 1.7 thanks per post
    1. trending_up 12,551 views
    2. thumb_up 56 thanks given
    3. group 12 followers
    1. forum 46 replies
    2. attach_file 4 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

List of vendors selling BMT indicators

(login for full post details)
  #31 (permalink)
Chicago IL
 
Experience: Intermediate
Platform: Ninja, MT4, Matlab
Broker: CQG, AMP, MB, DTN
Trading: E/U, G/U
 
forrestang's Avatar
 
Posts: 1,040 since Jun 2010
Thanks: 229 given, 698 received

I generally agree with the uselessness of indicators by their own. Everything is just 35% by itself.

My issue would just be that it's shady to take something, and SELL it, or even if money isn't involved, taking credit for it is bad as well.

Reply With Quote

Can you help answer these questions
from other members on futures io?
How to show tick count in or next to the current candlestick?
NinjaTrader
Data Feed sharing possible between TS/IB and 3rd party apps?
Platforms and Indicators
Think or swim earnings move calculation
Brokers
FYI plot bug & workaround: changing color or width is delayed 1 bar
EasyLanguage Programming
Implications of Alex Kearns' suicide
Traders Hideout
 
 
(login for full post details)
  #32 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 48,890 since Jun 2009
Thanks: 31,574 given, 94,504 received

You guys are missing the majority of the issue.

Even if someone takes a MACD or CCI, if they spend hours customizing it and then they uploaded that to a private forum for private use by members only of that forum, they did this intentionally. So when that content is then stolen and posted elsewhere, as in this case, then it is wrong.

I don't want to keep posting on this over and over, because we don't need to give of these scum bags ideas or promote their websites by bringing this topic back to the top of the list. My attorney may not be as good as sharky's at only $275/hr, but this is part of what I routinely do - defend futures.io (formerly BMT) against these types of people and try to protect what has been created here, using DMCA take down notices, cease and desist, or otherwise.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/
Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following 6 users say Thank You to Big Mike for this post:
 
(login for full post details)
  #33 (permalink)
Paris, France
 
Experience: Intermediate
Platform: SC, NT, ToS
Trading: CME & Eurex Futures
 
Posts: 116 since Apr 2011
Thanks: 338 given, 193 received



DionysusToast View Post
just out of interest....

How many of these indicators are genuine creations of the people that put them on futures.io (formerly BMT)?

By genuine creation, I mean the idea, design and implementation was done by someone posting here.

Are any of the indicators copies of other people's idea's? You know how it goes - look at something somebody else has done and then code it up.

If these are genuine creations, like the stuff from Gomi, then I would agree this is not good.

On the other hand, if some of these are re-coded versions of commercial/non-commercial inventions, then the smarts, the intellectual property is in the invention and NOT the code. For this category, no-one has had anything stolen.

So - for example, if someone re-coded the BBSqueeze which John Carter et al ripped off from elsewhere (allegedly) and THAT has been copied from futures.io (formerly BMT) to elsewhere, I don't think there is any cause for complaint. In fact, it's the guy who did the original work that has cause for complaint with the coders that created the copies and put them here on futures.io (formerly BMT).

After all, anyone can code but not everyone can invent.

Interesting. What is an invention? Do you consider an idea to be an invention? Do you consider having an idea means it is your property?
Studies show many people have THE SAME idea at the same moment (one example is startups in Internet). Some will make something out of it, some will not succeed, some won't try to use it. Finally, is an idea worth something? Investors very rarely pay an idea because they don't give it that much value. However they will pay the product, or at least the execution of a proof of concept.
So.... having an idea, being an inventor, is one piece of the idea/invention/product circle you are describing. The coder have a role too. The one you consider copying, or making it better. The seller too. The user too.
Just my 2 cents.
W.

-- The rest is silence
Reply With Quote
 
(login for full post details)
  #34 (permalink)
New Delhi, India
 
Experience: Intermediate
Platform: SierraChart NinjaTrader,
Trading: ES,Stocks, Futures
 
Posts: 165 since Sep 2011
Thanks: 733 given, 101 received


wwwingman View Post
Interesting. What is an invention? Do you consider an idea to be an invention? Do you consider having an idea means it is your property?
Studies show many people have THE SAME idea at the same moment (one example is startups in Internet). Some will make something out of it, some will not succeed, some won't try to use it. Finally, is an idea worth something? Investors very rarely pay an idea because they don't give it that much value. However they will pay the product, or at least the execution of a proof of concept.
So.... having an idea, being an inventor, is one piece of the idea/invention/product circle you are describing. The coder have a role too. The one you consider copying, or making it better. The seller too. The user too.
Just my 2 cents.
W.

Just posting here for reference. This is known as " The concept of multiple discovery" -

Multiple discovery - Wikipedia, the free encyclopedia

The concept of multiple discovery is the hypothesis that most scientific discoveries and inventions are made independently and more or less simultaneously by multiple scientists and inventors. The concept of multiple discovery opposes a traditional view—the "heroic theory" of invention and discovery.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #35 (permalink)
Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,828 since Mar 2010
Thanks: 4,237 given, 26,548 received


ab456 View Post
Just posting here for reference. This is known as " The concept of multiple discovery" -

Multiple discovery - Wikipedia, the free encyclopedia

The concept of multiple discovery is the hypothesis that most scientific discoveries and inventions are made independently and more or less simultaneously by multiple scientists and inventors. The concept of multiple discovery opposes a traditional view—the "heroic theory" of invention and discovery.

@ab456: Most of the commercial indicators do not dis-cover anything.

You may talk of discovery in the realm of science, but commercial indicators do not have anything in common with sciences or scientific discovery. I think it is rather approrpiate to compare them to a piece of art. Let us treat them as naive paintings or rudimentary poems derived from price action.

If the monkey below comes up with a poem of Rabindranath Tagore, would you call that multiple discovery?



Reply With Quote
The following user says Thank You to Fat Tails for this post:
 
(login for full post details)
  #36 (permalink)
Hartford, CT. USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG, Kinetick
Trading: RTY
 
RJay's Avatar
 
Posts: 686 since Jun 2009
Thanks: 745 given, 772 received


Fat Tails View Post
@ab456: Most of the commercial indicators do not dis-cover anything.

You may talk of discovery in the realm of science, but commercial indicators do not have anything in common with sciences or scientific discovery. I think it is rather approrpiate to compare them to a piece of art. Let us treat them as naive paintings or rudimentary poems derived from price action.

If the monkey below comes up with a poem of Rabindranath Tagore, would you call that multiple discovery?




Hey Fat Tails,

They told me to smile for that picture, but I wasn't in the mood.

RJay

Reply With Quote
The following 2 users say Thank You to RJay for this post:
 
(login for full post details)
  #37 (permalink)
Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,828 since Mar 2010
Thanks: 4,237 given, 26,548 received


RJay View Post
Hey Fat Tails,

They told me to smile for that picture, but I wasn't in the mood.

RJay

@RJay: I did not realize that it was you!

What happened to your ears?

Reply With Quote
The following user says Thank You to Fat Tails for this post:
 
(login for full post details)
  #38 (permalink)
Hartford, CT. USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG, Kinetick
Trading: RTY
 
RJay's Avatar
 
Posts: 686 since Jun 2009
Thanks: 745 given, 772 received


Fat Tails View Post
@RJay: I did not realize that it was you!

What happened to your ears?

Not sure exactly how it happened...Just a couple pieces of advice. First, never drink large amounts of alcohol at a Las Vegas Star Trek convention. Second, think twice about telling any Spock jokes. He has no sense of humor.

Reply With Quote
The following 2 users say Thank You to RJay for this post:
 
(login for full post details)
  #39 (permalink)
Seattle, Washington
 
Experience: Intermediate
Platform: NinjaTrader, ThinkorSwim, TWS
Trading: ES, Forex, Options
 
Posts: 6 since Dec 2012
Thanks: 14 given, 7 received


wwwingman View Post
Interesting. What is an invention? Do you consider an idea to be an invention? Do you consider having an idea means it is your property?
Studies show many people have THE SAME idea at the same moment (one example is startups in Internet). Some will make something out of it, some will not succeed, some won't try to use it. Finally, is an idea worth something? Investors very rarely pay an idea because they don't give it that much value. However they will pay the product, or at least the execution of a proof of concept.
So.... having an idea, being an inventor, is one piece of the idea/invention/product circle you are describing. The coder have a role too. The one you consider copying, or making it better. The seller too. The user too.
Just my 2 cents.
W.

Hi Folks,

I am a newbie to this forum and I came across this thread while researching the excellent work of Fat Tails. I am an inventor because I have many issued patents (US and Internationally) and my inventions are used by my employer in shipping products. I also sit on Patent Committees, I read about 150 invention disclosures per year and I've even spoken at the USPTO (by invitation twice - to teach about my inventions - not to teach them about their work - big difference). I only say this so that you know I have some background in the area of Intellectual Property. There is a difference between Patents and Copyright (both are IP). A patent is the idea in a preferred enablement. Copyright can be similar but generally applies to original creations (works of art, logos, code, etc.). Both are protected and are the property of the creator.

It would take too many pages of text here to get into details but essentially, anything that can be patented has to be novel, useful and enabled (meaning it is do-able). So you can have the "idea" that you will use a rocketship to get to Mars but the guy or organization that actually enables a workable rocketship is the one who gets the patent.

Once something is in the public domain (by way of publication, presentation or patent), it is no longer available to be claimed in a patent except in the case of *reduction*. So if someone patented a method that requires 5 steps, and you figure out how to do it in 4, then you have a new idea that can be patented. If you do it in 6 and those 6 steps contain the original 5, you are infringing.

In the case of indicators, someone who copies code directly or only makes minor changes and claims it as their own is in violation of Copyright (and they are a scumbag). Someone who takes a non-patented (think non-protected) idea and substantially modifies the code, method or functionality has created and original work which is theirs.

There is much more that can be said - so much so that our courts are tied up with the infinite verbiage that this area of law has created. But I hope this brief explanation helps.

BTW, I too was following a previously mentioned well-know vendor and even bought DVD's and went to seminars, etc. All newbies do that. It didn't take me very long to smell a rat. Thankfully, due to my natural skepticism and my ability to research, I never shelled out many dollars and I never traded their signals.

Incidentally, when I compare the value I get from futures.io (formerly BMT)F to the value I've received from my previous "education" activities, there is no comparison. futures.io (formerly BMT)F is among the best of deals in the industry :-)

-Dr.GM

Reply With Quote
The following user says Thank You to DoctorGM for this post:
 
(login for full post details)
  #40 (permalink)
Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,828 since Mar 2010
Thanks: 4,237 given, 26,548 received



DoctorGM View Post
Hi Folks,

I am a newbie to this forum and I came across this thread while researching the excellent work of Fat Tails. I am an inventor because I have many issued patents (US and Internationally) and my inventions are used by my employer in shipping products. I also sit on Patent Committees, I read about 150 invention disclosures per year and I've even spoken at the USPTO (by invitation twice - to teach about my inventions - not to teach them about their work - big difference). I only say this so that you know I have some background in the area of Intellectual Property. There is a difference between Patents and Copyright (both are IP). A patent is the idea in a preferred enablement. Copyright can be similar but generally applies to original creations (works of art, logos, code, etc.). Both are protected and are the property of the creator.

It would take too many pages of text here to get into details but essentially, anything that can be patented has to be novel, useful and enabled (meaning it is do-able). So you can have the "idea" that you will use a rocketship to get to Mars but the guy or organization that actually enables a workable rocketship is the one who gets the patent.

Once something is in the public domain (by way of publication, presentation or patent), it is no longer available to be claimed in a patent except in the case of *reduction*. So if someone patented a method that requires 5 steps, and you figure out how to do it in 4, then you have a new idea that can be patented. If you do it in 6 and those 6 steps contain the original 5, you are infringing.

In the case of indicators, someone who copies code directly or only makes minor changes and claims it as their own is in violation of Copyright (and they are a scumbag). Someone who takes a non-patented (think non-protected) idea and substantially modifies the code, method or functionality has created and original work which is theirs.

There is much more that can be said - so much so that our courts are tied up with the infinite verbiage that this area of law has created. But I hope this brief explanation helps.

BTW, I too was following a previously mentioned well-know vendor and even bought DVD's and went to seminars, etc. All newbies do that. It didn't take me very long to smell a rat. Thankfully, due to my natural skepticism and my ability to research, I never shelled out many dollars and I never traded their signals.

Incidentally, when I compare the value I get from futures.io (formerly BMT)F to the value I've received from my previous "education" activities, there is no comparison. futures.io (formerly BMT)F is among the best of deals in the industry :-)

-Dr.GM

@DoctorGM: Thank you for your comment. Before I go further, I would like to bring up a specific case.

There is a pretty simple indicator called CFGMomentum Oscillator. It is basically an average of the RSI with the N-bar change of the RSI added. This is the main line, from which two signal lines are generated by smoothing the main line with a SMA. The whole thing can be coded in 15 minutes and is just a variation of many other indicators that have been built on the RSI.

The whole thing got interesting when I realized that there was a patent to protect this outburst of ingenuity.

Type of Work: Text
Registration Number / Date: TX0003375191 / 1992-07-22
Title: Relative strength index : advanced / by Andrew E. Cardwell, Jr.
Description: 1 v.
Copyright Claimant: Cardwell Financial Group (employer for hire)
Date of Creation: 1990
Date of Publication: 1990-04-27

Variant title: Relative strength index : advanced
Names: Cardwell, Andrew E., Jr.
Cardwell Financial Group
(copied from the home page of the United States Patent Office)


By the way the indicator has been published under a different name in a book by Constance Brown. But this was not a case of multiple discovery as she had worked with Andrew Cardwell in her earlier life. The formula is therefore public knowledge.

I am primarily astonished that such a patent is acceptable by the patent office. For me this just a sign of decadence. Will we next see patents of moving averages? Or will the "inventor" of market profile claim the intellectual ownership of all probability distributions?

Much of the stuff for which vendors pretend that it is the secret path to riches barely stands the test of high school mathematics. Or in other words, it is both primitive and useless, as its sole purpose is to fill the pockets of dubious vendors. Of course, there are some serious guys around, who believe in what they are doing and who offer reasonable advice. Usually they do not "protect" their ideas by copyrights, as they do not feel that this is necessary. They are keen to publish their findings and discuss them. There are other ways to make money than to sell scam to unsuspecting amateur traders. What about trading the markets?

Reply With Quote
The following 2 users say Thank You to Fat Tails for this post:


futures io Trading Community Trading Reviews and Vendors > List of vendors selling BMT indicators


April 11, 2013


Upcoming Webinars and Events
 

Free BloodHound Licenses for everyone!

June
 

Every journal equals ten meals for the hungry

June
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
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.
no new posts