Some of the vendors have you sign nondisclosure agreements that are pretty restrictive. I signed up for a ebook course and signed 3 pages of nondisclosure mumbo jumbo. Not sure what Electriclocal and Don Miller are doing but wouldnt be surprised if there using this.
A non-disclosure agreement (NDA) can restrict someone's ability to disclose the specific methods taught in the course. But it's extremely difficult to legally prevent someone from making a statement like: "I took the course and I'm making money hand over fist." Or... "I took the course and I can't make a dime with it." Those are simply statements about a personal experience and hard to enforce just using an NDA.
That said, I guess we'll never know if the class was a success or failure. Just curious, that's all.
I follow his blog but must admit the whole education part smells fishy, he hardly post any losers trades, and in any trend following system you gonna get chopped. Having said that he does have nice stories on his blog, and does seems to have lots of experience.
I'm a follower of EL's blog for quite some time and one of the things I wish I had on my trading arsenal was the algo he calls "Flo". Having the conditions coded into a red-green traffic light can really help as you can your thoughts focused on other important things of your trading.
So with this in mind I tried to come up with an algo with some basic conditions:
1. Slope of both EMA's positive or negative
2. Slow CCI above or below 50
Very basic right? Yes but its a start and it already helps me and I hope that with everyone's help we can code this baby and add all the conditions we like.
Here's a screenshot from today showing the algo/indicator I called "aMerda", it's the panel below the price. The panel above the price is the PriceActionSwingTrend indicator. Then you have your regular CCI's and GOMCD on the bottom.
Attached is also the template I'm currently using.
EDIT : minor adjustment on the zip file
Last edited by Braulio; August 17th, 2011 at 10:41 AM.
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Regarding electronic local, I am also a long time follower and was quite disappointed when he came up with the first workshop, now I'm really disappointed, not only because of the second workshop but because of the sleazy teasers that lead to the workshop, now I really questioning whether he makes money at all, so dont get too much caught in his new "indicators" teasing...
How many conditions do you have in your setup? Is it so hard to keep track of that manually?