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Vendor Fraud Keeps Going on


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Vendor Fraud Keeps Going on

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  #11 (permalink)
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aligator View Post
Agree @Lornz, Thanks. Last bar is being formed (will color on close of the bar)


why is it they always hinge your actions on the bar close, whilst they're clicking in on that trade,



frauds, all!

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  #12 (permalink)
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websouth View Post
re: First screen shot is "my" free indicator TrendGRaBer posted on futures.io (formerly BMT) in downloads section.

I agree silly to sell colored candles based on 34 ema. GRaB is an acronym that stands for Green, Red and Blue, which is a trading style used by Interbank FX Chief Currency Analyst Raghee Horner. Raghee uses 3 exponential moving averages to help her in her trading.

Forex Trading Tools - GRaB - Interbank FX

or

Download the newly updated GRaB 2.0 plug in for MT4 | Official website for trader and author Raghee Horner

Yes, that is pretty much what I explained in futures.io (formerly BMT) download area. Here is the what I wrote:

"I wrote this indicator based on a chart setup used by Raghee Horner for trading currency pairs but it can be applied to any instrument. So, credit for the idea goes to Ms. Horner.

Although this indicator is very simple, it is very powerful when used correctly. The indicator is a trend following setup that will keep one out of choppy markets and on the right side of the trend.

It is helpful to watch one of Raghee's seminars on IBFX to understand how this indicator is applied.

Enjoy!!

Added on October 10, 2011:

Here is a link to free Raghee Horner's eBook on this setup.

https://www.dailyforextradingedge.com/sites/default/files/ebook.pdf

Added on November 2, 2011"

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  #13 (permalink)
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(attention: i have here also a vendor state)

My personal mine:
Its very diffical to create new unique tool. For example: i have create my here free published t4tCumUD (is a UpDown Volume based "delta" custom draw indicator) without read any source code line of gomi's GomCD or the ACME VolumePackages. The resulting optical function of GomCD and t4tCumUD is nearly equal!?
When is now see the ACME volume Package, its dont need many changes for full replicate this function... without one line of copy any code!

What well i say: Many of public concepts can be realized with 100% different own code. Full function compatibility is not a bad feature, its a nice confirm for a good concept.
Publish free tools can don't destroy a vendor business based on true customer support... publish compatible or equal tools for a lower or a higher price by a other vendor... this is the true live. More providers of one good concept, give the warranty for a good support and the continue development to realize new nice features

My vendor mine to the WebSite:
ACME has a nice, clear strutured WebSite with good user oriented (promotion) descriptions... when i well create my own website with a webshop, then i copy this concept.
(i can free write this, while up to this time i dont publish any content on my site)

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  #14 (permalink)
Market Wizard
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aligator View Post
Here is another example of how some vendors will steal indicators and package them under their name.

First screen shot is my free indicator TrendGRaBer posted on futures.io (formerly BMT) in downloads section.

Second screen shot is the stolen version shamelessly packaged in a dll file and deceivingly name it AcmeFibonacciWave without giving any credit.

One can assume other stuff they are selling are stolen also.


@aligator: Honestly, I would not bother about 3 EMAs with a few paintbars. This can be coded by everybody in five minutes and is a child's play.

I had a look at the indicator at the website of Rancho Dinero. It is not a copy of your indicator, he has properly serialized the colors, which proves that it is his own indicator.

He did not steal your idea, he did not copy your code, so what do you complain about?


By the way I have bought a book by Raghee Horner a few years ago. It is one of the worst books on trading that I have ever read. I stopped after 30 pages for good.

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  #15 (permalink)
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aligator View Post
Here is another example of how some vendors will steal indicators and package them under their name.

First screen shot is my free indicator TrendGRaBer posted on futures.io (formerly BMT) in downloads section.

Second screen shot is the stolen version shamelessly packaged in a dll file and deceivingly name it AcmeFibonacciWave without giving any credit.

One can assume other stuff they are selling are stolen also.




I'll do a comparison using some other instruments and see if the results are also identical.

Not surprised to see Rancho Dinero up to no good.

I'll try to post screen shots later.

Around 5% move the market. 10% try to follow the 5%. The rest provide liquidity.
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  #16 (permalink)
the coin hunter
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freshly made, trend ribbon from TMFT

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  #17 (permalink)
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They clearly give credits to Raghee Horner in their site and its also free for everyone to download..

"This is an idea we, er, borrowed from noted forex trader Raghee Horner. Itís also known as the 34EMA Wave, and GRaB Candles. We wonít spend much time explaining it, because you should read all about in the inventorís own words here"

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  #18 (permalink)
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vegasfoster View Post
Any lawyers in the house? I've heard of the GNU public license, but I don't know how it works. Does anyone know if it is applicable and would it provide recourse for anyone who publishes their work on a forum? Are there other options? Or are people basically screwed without legal copyright?

There are sites on the net where some folks share copyrighted material with a sense of entitlement.

I've seen threads on discussion boards where traders talk about starting a group effort to reverse engineer some vendor's expensive indicators or methods.

How much time and money would it take to get a legal injunction... and how would you enforce it?


cory View Post
freshly made, trend ribbon from TMFT

That was from a description someone got from a TradeStation indicator. But it's not much different from the Keltner Channel. It uses a set number of ticks and Keltner uses a multiple of the ATR.

Other than coloring lines and bars .... adding arrows and alarms.... combining a couple of existing indicators ... it is difficult to come up with a totally unique indicator.

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

My daddy always said, "Every day above ground is a good day!"
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  #19 (permalink)
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ThatManFromTexas View Post
There are sites on the net where some folks share copyrighted material with a sense of entitlement.

I've seen threads on discussion boards where traders talk about starting a group effort to reverse engineer some vendor's expensive indicators or methods.

How much time and money would it take to get a legal injunction... and how would you enforce it?

I have seen strange things, one funny example is the CFG Momentum Oscillator, which was developed by Andrew Cardwell. The green plot is the first derivative of the RSI (called RSI momentum) added to a SMA of the RSI. The red and yellow lines are just to signallines, which are moving averages of the green line with different periods. You can code that one in less than an hour, and the code has been published by Constance Brown in the book Breakthroughs in Technical Analysis, the formula is on page 81. She calls the same indicator Composite Index. However, there is a catch:

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), link below
WebVoyage Titles

@ThatManFromTexas: What I do not know, does TX stand for text or for Texas?

I will collect some rare mutations of the SuperTrend, add some colors and a bit of noise and then send it to the patent office and register it at Fat Tail's Swinging Oscillator.

For your info, I have never advanced the CFG Momentum Oscillator to the downloads, not because I am afraid of the patent, but because I do not want to annoy anybody. If you need it, the formula is public and easy to apply.

Chart attached under Copyright.


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  #20 (permalink)
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aligator View Post
Here is another example of how some vendors will steal indicators and package them under their name.

First screen shot is my free indicator TrendGRaBer posted on futures.io (formerly BMT) in downloads section.

Second screen shot is the stolen version shamelessly packaged in a dll file and deceivingly name it AcmeFibonacciWave without giving any credit.

One can assume other stuff they are selling are stolen also.


What makes you think he stole your code? Again, this is just three EMAs and anyone that can code can probably code this indicator. I am sorry but I don't understand what you are complaining about. Are you saying you were the first one to code this indicator? C'mon now. I am sure you might also say Rancho "stole" IRT .

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May 11, 2012


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