BMT Members teaming up - futures io
futures io



BMT Members teaming up


Discussion in Trading Reviews and Vendors

Updated
      Top Posters
    1. looks_one SpyderTrader with 4 posts (2 thanks)
    2. looks_two Big Mike with 3 posts (3 thanks)
    3. looks_3 MWinfrey with 3 posts (3 thanks)
    4. looks_4 sptrader with 1 posts (3 thanks)
      Best Posters
    1. looks_one wldman with 4 thanks per post
    2. looks_two blackout23 with 4 thanks per post
    3. looks_3 Big Mike with 1 thanks per post
    4. looks_4 MWinfrey with 1 thanks per post
    1. trending_up 3,562 views
    2. thumb_up 23 thanks given
    3. group 10 followers
    1. forum 18 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 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
 

BMT Members teaming up

(login for full post details)
  #1 (permalink)
 SpyderTrader 
Chicago, Illinois
 
Experience: Beginner
Platform: Esignal
Trading: ES, NQ, Crude
 
Posts: 120 since Apr 2012
Thanks: 12 given, 223 received

So basically I wanted to know if its possible for futures.io (formerly BMT) members to team up and do a group purchase of an indicator.

For example, if several futures.io (formerly BMT) members wanted to try out a certain indicator, and we partnered up and split the cost.

Just an idea, if anyone has done that before, please post.

I'm assuming, of course, that if its something you wanted to do, you could simply PM the member.

Big Mike, let me know how, and if, this is something you'd be cool with.

Thanks.

Around 5% move the market. 10% try to follow the 5%. The rest provide liquidity.
Started this thread Reply With Quote

Can you help answer these questions
from other members on futures io?
Simple "runner" code
EasyLanguage Programming
Anybody uses Bookmap with Tradestation?
TradeStation
Thinkorswim MACD Thinkscript
ThinkOrSwim
Futures education program reviews
Trading Reviews and Vendors
Multichart NET: where can i find esplanation on CustomIn …
MultiCharts
 
Best Threads (Most Thanked)
in the last 7 days on futures io
How much do you know about Bitcoin?
128 thanks
I finally blew up an account
46 thanks
Big Mike in Ecuador
27 thanks
The tiyfTradePlanFactory indicator
25 thanks
EdgeProX from Edge Clear
24 thanks
 
(login for full post details)
  #3 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 50,094 since Jun 2009
Thanks: 32,557 given, 98,584 received


I don't really like the idea as for encouraging people to buy indicators. I want to discourage people to do that, not encourage them or facilitate more purchasing of indicators.

And I don't want to give "weight" or acceptance to any particular indicator vendor or indicator through a group buy.

So no, I really would be against this.

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/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to Big Mike for this post:
 
(login for full post details)
  #4 (permalink)
 Peter2150 
Washington DC
 
Experience: Intermediate
Platform: NinjaTrader
 
Posts: 214 since Jun 2009
Thanks: 110 given, 117 received

Also there is another minor problem. Most license agreements specifically prohibit this, and also most of the commercial indicators, need your machine ID so they can turn them on. I doubt if any vendor would register your machine Id if they didn't have a record of payment.

Reply With Quote
The following 2 users say Thank You to Peter2150 for this post:
 
(login for full post details)
  #5 (permalink)
 MWinfrey 
Lubbock TX
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Stage 5 Trading
Trading: CL
 
MWinfrey's Avatar
 
Posts: 1,880 since Jul 2009
Thanks: 1,450 given, 3,325 received

What might be a better idea is if you must have indicators that are custom built and a group wants the same things, contract with someone like me to have them built and you then get them the way you want them.

Reply With Quote
The following user says Thank You to MWinfrey for this post:
 
(login for full post details)
  #6 (permalink)
 blackout23 
Europe/Germany
 
Experience: Advanced
Platform: NT
Trading: EUR/USD
 
Posts: 9 since Apr 2012
Thanks: 11 given, 7 received

That one special indicator isn't going to make you profitable on its own anyway.

Reply With Quote
The following 4 users say Thank You to blackout23 for this post:
 
(login for full post details)
  #7 (permalink)
 wldman 
Chicago Illinois USA
 
Experience: Advanced
Broker: IB, ToS
Trading: /ES, US Equities/Options
 
wldman's Avatar
 
Posts: 3,342 since Aug 2011
Thanks: 1,978 given, 8,877 received


MWinfrey View Post
What might be a better idea is if you must have indicators that are custom built and a group wants the same things, contract with someone like me to have them built and you then get them the way you want them.

An indicator that you posted is central to a primary method that I use everyday. I've often thought about how I could leverage the talents of others especially in areas where I have no experience.

There are a couple ways:

We could collaborate or work together in a mutually beneficial way but the problem with that is sometimes the colaboraters do not share the same values or opinions about how math should be used to generate a specific graphical display...they have different ideas about time frame or risk reward for example. So a weakness of this approach is that I want what I want, to suit my hallucination. That might be different from your interest, need or desire.

I could ask you to help me by donating your time and specific skills to a project that is important to me in a way that suits my needs, but beyond a certain level this creates a parasitic relationship and one that nobody should be interested in cultivating.

I could contract with you, as you suggest, for a specific well defined project or need. You could "quote" that as a programming job and require that the parameters be specific and complete prior to starting work. You could communicate the level of future support or revision to be included prior to starting work. That last way is really the best for both parties. Here is the thing. As members here we are guests in Big Mike's domain. We are connected because of him. I'm not sure that he wants members transacting business on his site. What we do privately is our business.

I've often felt that I should ask guys for their pay pal account so that I can make a contribution due to the value they have provided for me. That includes you, Mike and a few others. But, I do think that we want to maintain the public non commercial nature of futures.io (formerly BMT). So maybe the best answer is to use PM to exchange other contact information and communicate outside of futures.io (formerly BMT).

Curious for the opinion of Mike and other members on this issue. DB

BTW Big Mike, we share the same passion for Labs and I know from our other communication that you are a "dog guy" so the family has decided to make a donation in your name to Great Lakes Lab Rescue. https://www.greatlakeslabrescue.org/index.html Thank you for the value and the tremendous effort you make to benefit others with futures.io (formerly BMT).

Visit my futures io Trade Journal Reply With Quote
The following 4 users say Thank You to wldman for this post:
 
(login for full post details)
  #8 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 50,094 since Jun 2009
Thanks: 32,557 given, 98,584 received


wldman View Post
BTW Big Mike, we share the same passion for Labs and I know from our other communication that you are a "dog guy" so the family has decided to make a donation in your name to Great Lakes Lab Rescue. GLLR | Dog Rescue Thank you for the value and the tremendous effort you make to benefit others with futures.io (formerly BMT).

Very kind of you, thank you.

Labs are simply the best.

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/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #9 (permalink)
 ThatManFromTexas 
Houston,Tx
 
Experience: Advanced
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: TF
 
ThatManFromTexas's Avatar
 
Posts: 2,302 since Feb 2010
Thanks: 1,206 given, 4,337 received


MWinfrey View Post
What might be a better idea is if you must have indicators that are custom built and a group wants the same things, contract with someone like me to have them built and you then get them the way you want them.



I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
Reply With Quote
 
(login for full post details)
  #10 (permalink)
 Sunil P 
los angeles
 
Experience: Intermediate
Platform: nt
Trading: cl
 
Sunil P's Avatar
 
Posts: 292 since Jan 2012


nothing to the chaps above, but WE all suffer from a disease,I do myself for many years and still havent recovered.

OCI : Obsessive compulsive indicatoritis.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #11 (permalink)
 SpyderTrader 
Chicago, Illinois
 
Experience: Beginner
Platform: Esignal
Trading: ES, NQ, Crude
 
Posts: 120 since Apr 2012
Thanks: 12 given, 223 received


wldman View Post

BTW Big Mike, we share the same passion for Labs and I know from our other communication that you are a "dog guy" so the family has decided to make a donation in your name to Great Lakes Lab Rescue. GLLR | Dog Rescue Thank you for the value and the tremendous effort you make to benefit others with futures.io (formerly BMT).

@wldman

If you really did indeed do that....then thats an incredibly nice thing to do.
nice job.




Big Mike View Post
I don't really like the idea as for encouraging people to buy indicators. I want to discourage people to do that, not encourage them or facilitate more purchasing of indicators.

Mike

@Big Mike

I wouldn't say its about "encouraging people to buy indicators"....that sort of implies that every vendor under the sun is going to create his/her own thread and promote their signals to the masses, hoping to capture pools of potential paying customers.

I would say this is more of a scenario where a futures.io (formerly BMT) member sees something they like, and wants to team up with a handful of other futures.io (formerly BMT) members who also likes the same thing, for any number of reasons:

-reduce the financial out of pocket risk (share the cost)
-learn as a group, instead of learning as an individual
-bounce concepts off each other, sharing different perspectives

Lets say you put a trade on, and you have to decide if you want to put your stop at 50 ticks or 10 ticks.
10 ticks dramatically reduces your financial risk, and 50 ticks increases it.
How is this concept any different?

Guess what....at the end of the day people are going to buy indicators anyway.
Whether those indicators are scams or legitimate, well thats another story

Around 5% move the market. 10% try to follow the 5%. The rest provide liquidity.
Started this thread Reply With Quote
 
(login for full post details)
  #12 (permalink)
 SpyderTrader 
Chicago, Illinois
 
Experience: Beginner
Platform: Esignal
Trading: ES, NQ, Crude
 
Posts: 120 since Apr 2012
Thanks: 12 given, 223 received


MWinfrey View Post
What might be a better idea is if you must have indicators that are custom built and a group wants the same things, contract with someone like me to have them built and you then get them the way you want them.

@MWinfrey



I'm not following....are you saying that if we found something we really liked, you could figure it out (decode) and replicate it?
Isn't that simply called reverse engineering?

Or are you saying that if we wanted something custom, like an audio alert or something.....you could program that for us.

Around 5% move the market. 10% try to follow the 5%. The rest provide liquidity.
Started this thread Reply With Quote
The following 2 users say Thank You to SpyderTrader for this post:
 
(login for full post details)
  #13 (permalink)
 cory 
the coin hunter
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
 
cory's Avatar
 
Posts: 6,046 since Jun 2009
Thanks: 857 given, 7,918 received


SpyderTrader View Post
So basically I wanted to know if its possible for futures.io (formerly BMT) members to team up and do a group purchase of an indicator.

For example, if several futures.io (formerly BMT) members wanted to try out a certain indicator, and we partnered up and split the cost.

Just an idea, if anyone has done that before, please post.

I'm assuming, of course, that if its something you wanted to do, you could simply PM the member.

Big Mike, let me know how, and if, this is something you'd be cool with.

Thanks.

I prefer For example, if several futures.io (formerly BMT) members wanted to try out a certain indicator, we partnered up and make it.

Reply With Quote
 
(login for full post details)
  #14 (permalink)
 MWinfrey 
Lubbock TX
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Stage 5 Trading
Trading: CL
 
MWinfrey's Avatar
 
Posts: 1,880 since Jul 2009
Thanks: 1,450 given, 3,325 received


SpyderTrader View Post
@MWinfrey



I'm not following....are you saying that if we found something we really liked, you could figure it out (decode) and replicate it?
Isn't that simply called reverse engineering?

Or are you saying that if we wanted something custom, like an audio alert or something.....you could program that for us.

The latter...take a look at all the indicators in the downloads area. Those are examples of what I'm referring to. If you want to purchase something like RJay's HybridRenko and then share the cost of that with others, then I would not be a party to that. Products like that which are offered to the public for a price is a problem imo. The fact is that most of those products are protected as was described in one of the early posts. So sharing the cost for purchase of a product like that isn't feasible anyway.

Reply With Quote
The following 2 users say Thank You to MWinfrey for this post:
 
(login for full post details)
  #15 (permalink)
 sptrader 
Colorado
 
Experience: Advanced
Platform: MultiCharts
Broker: IB & Iqfeed
Trading: ES , CL
 
sptrader's Avatar
 
Posts: 543 since Apr 2010
Thanks: 1,094 given, 697 received

I'd rather see futures.io (formerly BMT) members "Team Up" to take a basic system (BO type or other) and have a contest to see who can make it the most profitable, using MM etc., with some sort of prize for the winner. (buying indicators is a waste of money)
Sharing different and creative MM etc., techniques would benefit us all.

Reply With Quote
The following 3 users say Thank You to sptrader for this post:
 
(login for full post details)
  #16 (permalink)
 MWinfrey 
Lubbock TX
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Stage 5 Trading
Trading: CL
 
MWinfrey's Avatar
 
Posts: 1,880 since Jul 2009
Thanks: 1,450 given, 3,325 received


sptrader View Post
I'd rather see futures.io (formerly BMT) members "Team Up" to take a basic system (BO type or other) and have a contest to see who can make it the most profitable, using MM etc., with some sort of prize for the winner. (buying indicators is a waste of money)
Sharing different and creative MM etc., techniques would benefit us all.

That sounds promising. If I understand, we all use the same entry criteria but each use our own MM?

Reply With Quote
 
(login for full post details)
  #17 (permalink)
 Anagami 
Market Wizard
Cancun, Mexico
 
Experience: Advanced
Trading: NYSE Stocks
 
Anagami's Avatar
 
Posts: 871 since Dec 2010
Thanks: 609 given, 1,963 received


sptrader View Post
I'd rather see futures.io (formerly BMT) members "Team Up" to take a basic system (BO type or other) and have a contest to see who can make it the most profitable, using MM etc., with some sort of prize for the winner. (buying indicators is a waste of money)
Sharing different and creative MM etc., techniques would benefit us all.

Hmmm, Battle of the Bots??

"The mind is its own place, and in itself can make a heaven of hell, a hell of heaven." - Milton
Reply With Quote
The following user says Thank You to Anagami for this post:
 
(login for full post details)
  #18 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 50,094 since Jun 2009
Thanks: 32,557 given, 98,584 received


Anagami View Post
Hmmm, Battle of the Bots??

Yup, that is one of its primary purposes.



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/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #19 (permalink)
 SpyderTrader 
Chicago, Illinois
 
Experience: Beginner
Platform: Esignal
Trading: ES, NQ, Crude
 
Posts: 120 since Apr 2012
Thanks: 12 given, 223 received

Well, this thread didn't seem to generate much interest, oh well.

If anyone out there is looking for partners to team up on an indicator, you are more than welcome to PM me, or post in this thread.

On the same token.....I have been collecting a list of vendors that I want to try.
This group of indicators is very effective, but a bit out of reach in terms of cost.

I don't want to publicly list them all (theres only 4-5) because Big Mike might consider that "vendor advertising" so you'll have to PM me and I'll send you the list, you can evaluate them on your own.
I think 3 of them have videos of youtube.

Then if you're interested in partnering up, we can set something up.

Thanks.

Around 5% move the market. 10% try to follow the 5%. The rest provide liquidity.
Started this thread Reply With Quote


futures io Trading Community Trading Reviews and Vendors > BMT Members teaming up


Last Updated on May 8, 2012


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing

NEW BlackBird Features + FOREX Support w/Jeremy Tang @ SharkIndicators

Elite only
 

Our 12-year anniversary w/ $$,$$$ prizes (check soon)

June
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), 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