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Vendor Fraud Keeps Going on
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Vendor Fraud Keeps Going on

  #1 (permalink)
Market Wizard
Las Vegas, NV
 
Futures Experience: Advanced
Platform: Abacus, Slide Rule, HP-65, Metastock, TOS, NT
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aligator's Avatar
 
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Vendor Fraud Keeps Going on

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.

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Vendor Fraud Keeps Going on-es-06-12-5-min-5_10_2012-1.png   Vendor Fraud Keeps Going on-es-06-12-5-min-5_10_2012-2.png  

Last edited by aligator; May 10th, 2012 at 11:55 AM.
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  #2 (permalink)
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  #3 (permalink)
Market Wizard
virginia
 
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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)
Membership Revoked
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cory View Post
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)
Elite Member
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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)
Market Wizard
Las Vegas, NV
 
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cory View Post
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)
CL Assassin
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Been a lot of talk of the Rancho Dinero indicators lately here.

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  #8 (permalink)
Elite Member
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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

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  #9 (permalink)
Market Wizard
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Lornz View Post
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)
Elite Member
Toronto, Canada
 
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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.

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.

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