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Vendor Fraud Keeps Going on
Updated May 11, 2012
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Vendor Fraud Keeps Going on
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#1 (permalink )
Legendary Market Wizard
Las Vegas, NV
Experience: Advanced
Platform: Abacus, Slide Rule, HP-65
Trading: Futures, Stocks, Options
Posts: 3,475 since Aug 2010
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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.
Can you help answer these questions from other members on futures io?
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#3 (permalink )
virginia
Experience: Intermediate
Platform: ninja
Trading: NQ
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seems like their version has more parms and candle wick/tail stick out more, just some observation. On other hand don't raise your blood pressure sometimes it could be an improvement of your version which you can steal some ideas back or sometimes it's just a pure coincident. If Elders worries about this he won't write another book.
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#4 (permalink )
Oslo, Norway
Experience: Advanced
Platform: CQG, Excel
Trading: CL
Posts: 1,198 since Apr 2010
cory
seems like their version has more parms and candle wick/tail stick out more, just some observation. On other hand don't raise your blood pressure sometimes it could be an improvement of your version which you can steal some ideas back or sometimes it's just a pure coincident. If Elders worries about this he won't write another book.
No, unless I'm hallucinating, they're completely identical (aside from coloration and the last bar).
To quote the omniscient Alan Partridge: "Scum, subhuman scum!"
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#5 (permalink )
las vegas
Experience: Intermediate
Platform: Sierra Chart
Broker: Velocity/IB
Trading: 6E
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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?
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#6 (permalink )
Legendary Market Wizard
Las Vegas, NV
Experience: Advanced
Platform: Abacus, Slide Rule, HP-65
Trading: Futures, Stocks, Options
Posts: 3,475 since Aug 2010
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cory
seems like their version has more parms and candle wick/tail stick out more, just some observation. On other hand don't raise your blood pressure sometimes it could be an improvement of your version which you can steal some ideas back or sometimes it's just a pure coincident. If Elders worries about this he won't write another book.
Yes, noted. No rising blood pressure since I posted it free for all on futures.io (formerly BMT ). They just added colors as parms. Just po'd that they made it into a dll.
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#7 (permalink )
Near Dallas, Texas, US
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Platform: NinjaTrader
Broker: ZenFire
Trading: CL
Posts: 1,070 since Jun 2009
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Been a lot of talk of the Rancho Dinero indicators lately here.
As consistently profitable traders.. "We get paid to wait, and we wait to get paid."
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#8 (permalink )
Market Wizard
Perdido Beach, AL
Experience: Intermediate
Platform: graph paper
Trading: The shiny stuff
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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
“Be who you are and say what you feel because those who mind don't matter and those who matter don't mind.” - Dr. Seuss
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#9 (permalink )
Legendary Market Wizard
Las Vegas, NV
Experience: Advanced
Platform: Abacus, Slide Rule, HP-65
Trading: Futures, Stocks, Options
Posts: 3,475 since Aug 2010
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Lornz
No, unless I'm hallucinating, they're completely identical (aside from coloration and the last bar).
To quote the omniscient Alan Partridge: "Scum, subhuman scum!"
Agree @Lornz , Thanks. Last bar is being formed (will color on close of the bar)
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#10 (permalink )
Toronto, Canada
Experience: Advanced
Platform: NinjaTrader, MT4
Broker: Amp/CQG, Citibank
Trading: CL, GC, 6E, ES, TF, EURUSD, GBPJPY, AUDUSD
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aligator
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.
WOW, the resemblance is EXACT! If I or someone knew/could peek & disassemble the DLL code well ....
Completely sad that this goes on, although it is never surprising, and, certainly reinforces how the vast majority of indicators by "successful" traders are their main source of revenue, while they tout the monthly thousands that can be made with a $2500 account to unsuspecting newbies. It's infuriating and immoral.
Last Updated on May 11, 2012
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