How much would you pay MAX on a monthly basis for an innovative profitable indicator?

[MagicMike]

I understand that most "systems" are garbage and all that but seriously people... in every other business people know that you have to spend money to make money but so many people in trading reject this.

And that's why you have a bunch of people trading off of RSI and other antiquated meaningless trash.

Good "indicators" are just data with a framework. If the data is good and the framework is useful I would pay through the nose for the opprtunity to use it while it still works. So yeah, OP throw it at me. I'm very happy to pay for some good data.

 

[Street Trader]

Good "indicators" are just data with a framework. If the data is good and the framework is useful I would pay through the nose for the opprtunity to use it while it still works. So yeah, OP throw it at me. I'm very happy to pay for some good data.

What do you mean by "data"?

 

[SimpleMeLike]

I understand that most "systems" are garbage and all that but seriously people... in every other business people know that you have to spend money to make money but so many people in trading reject this.

And that's why you have a bunch of people trading off of RSI and other antiquated meaningless trash.

Good "indicators" are just data with a framework. If the data is good and the framework is useful I would pay through the nose for the opprtunity to use it while it still works. So yeah, OP throw it at me. I'm very happy to pay for some good data.

I agree. I would pay for a system if it makes money and I learn from it to enhance my learning. You are paying for the system data collection.

 

[MagicMike]

What do you mean by "data"?

I pay a vendor to collectivize hte cost of buying and storing huge amounts of tick data and running analysis on it to look for patterns of dark pool buying/selling. At the end of this process, they create an "indicator" which I use to make trade decisions.

If they hadn't supplied this, i probably wouldnt have done it myself because it would be prohibitively expensive and difficult to do it on my own. Can you access this kind of data (raw information) and create this indicator (digested information) on your own? Maybe you can... I can't... so i pay for it.

So this is an example of what I mean: squeezemetrics.com

So I don't see what's wrong with this. Like @SimpleMeLike says, I use it to enhance my learning and performance, and even with a smallish account, I've made it pay for itself, even though most people here seem to think $0 is the proper price to pay for this.

 

[d08]

I understand that most "systems" are garbage and all that but seriously people... in every other business people know that you have to spend money to make money but so many people in trading reject this.

And that's why you have a bunch of people trading off of RSI and other antiquated meaningless trash.

Good "indicators" are just data with a framework. If the data is good and the framework is useful I would pay through the nose for the opprtunity to use it while it still works. So yeah, OP throw it at me. I'm very happy to pay for some good data.

It appears you don't know what the indicators are actually based on. Vast majority are just using price and volume, there's a limited amount you can display with just that. RSI is a great indicator if you know how to use it, nothing antiquated about it.
People need to stop believing in indicator magic, it doesn't happen. They have their function but they are not a system all on their own.

As for "spend money to make money", that's about something very different. You are spending money by buying a trading computer, buying data and spending on commission.
Ask yourself this, if you have a great indicator that makes you incredible amounts of money, would you sell it for peanuts? There have been many indicator sellers over the years, a lot of it has been reverse engineered and the results aren't encouraging.

 

[zdreg]

there are trading systems which work. e.g.black boxes used by HFT traders. they consist of a group of traders and programmers who share in the profits. the key is the programs are tweaked(updated) as market conditions change.

at $500/ month, programs for retail traders, you are buying expensive snake oil.

 

[birzos]

There are two types of people who will buy indicators, the expensive indicators where the buyers want to find out how it works and either stop paying or build a pyramid structure reselling it but packaged in a different way. The indicator seller will never recoup their R&D costs.

The second type are those without capital wanting to make their millions in the markets using low priced indicators, so the sellers just make everything up as they go along and the buyer may get a small percentage addition to their knowledge base. The buyers never complain because you get what you pay for and the markets are so obscure the seller can find any reason to say it's not their fault.

There's actually a third, but that's hidden so you'll never find them nor want them. These are the indicators that actually make money, the designers know that if you sell them to people, usually at a high price, those people will want to pyramid with them or compound them at above average rates. But because they are designed with higher level knowledge plus the markets don't like over compounding without getting paid, any buyers will ask 1,001 questions becoming disruptive because they don't understand how it works, and ultimately wanting their money back.

So the designers keep them for themselves and only those that they trust, money is less important than time, that's what we do. Apparently no one noticed there is a post by w4rri0r with the same naming style, there is no such thing as random when it comes to money and markets, most are just too distracted to notice.

 

[w4rn1ng]

if a strategy was profitable and scalable, I would pay up substantially, whatever it took as long as it kept working.

Let's stop all this blue balls and let's see this damn indicator, I'm ready to start busting some nuts with it.

The launch is planned for January after the holidays ends, and probably some platforms will not have it.
I'm currently trying to reach them all but some platforms companies are really.. Slow.

Some make you have an account in 5 minutes and you're ready to code, some other take weeks and still nothing happen.


To the other posts, i can't now jump in the debate, however "innovative" means something that is new.
Btw voting is going great, thanks to everybody!

 

[Zzzz1]

good luck marketing your indicators, at least you gotta pay as salesman on this site which in turn gains all of us more features and further up-time or else get banned. Win-win I would say.

The launch is planned for January after the holidays ends, and probably some platforms will not have it.
I'm currently trying to reach them all but some platforms companies are really.. Slow.

Some make you have an account in 5 minutes and you're ready to code, some other take weeks and still nothing happen.


To the other posts, i can't now jump in the debate, however "innovative" means something that is new.
Btw voting is going great, thanks to everybody!

 

[MagicMike]

It appears you don't know what the indicators are actually based on.

What indicators are you talking about?

RSI is a great indicator if you know how to use it ... People need to stop believing in indicator magic

RSI is arbitrary nonsense... like most other 'indicators.' Maybe you can use it as a reference point, but that's it. It has no meaning.

As for "spend money to make money", that's about something very different. You are spending money by buying a trading computer, buying data and spending on commission.

So spending money on information that would be too expensive/time consuming to gather on your own is 'something very different?' I don't see why. Should we all just put our blinders on and trade with RSI and other free things?

Ask yourself this, if you have a great indicator that makes you incredible amounts of money, would you sell it for peanuts?

By your logic quant PhDs should trade their own accounts or sell their skills individually instead of getting hired at WS firms for a measly six figs. Look... some people sell data. Like Markit. Or Nanex... and they sell their feeds (obviously valuable) for a measly $800 a month or something. Does that make it worthless?

I pay a tiny $4500 a year for dark pool data and just $30 for other subscriptions. Is it all bad because it's cheap? Not in my experience. It's data... and it's worth paying for.