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

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

  • 0

    Votes: 36 72.0%

  • €100

    Votes: 2 4.0%

  • €250

    Votes: 1 2.0%

  • €500

    Votes: 11 22.0%
  • Total voters
    50
SimpleMeLike said:
w4rn1ng,

Seriously, i don't understand why the poll is not 100% buy a system. Why figure it out yourself when someone can teach you or just use their system? I pay $3000 for a system tommorow if it's meet my criteria. That's just me. That being said, I am working on testing my own trading ideas.
More...

Most people who buy systems don't have the experience of knowing when the system needs to be adapted-they don't have a clue fast enough that the market is changing and why is it changing, markets change for various reasons. It is not something like it never happened, but if you not had ten years of trading, you have never had that experience to know what you have to do, so you will just lose with someone else's system you are paying, they lose then just lose even more money if they worked for several months as you throwing even more contracts at the signals, you will not only lose the money you made but you will even more money. If everyone did what your 2 cents are, 99% will only have 2 cents left after paying people for their indicators and systems. It is a long road to memorize time and patterns, go back and study charts from last 100 years and you will discover NOTHING is new, it is just new to you.

When you buy a system, anything decent you won't get the code, you are leasing the system, but not the code. If I was to sell a system or indicator, it be web based so no one would have hard copy of it, there is no trust when it comes to making money, how ironic. There are indicators that never come to the public cause they are as close to holy grail, why share an ATM when you don't have to do so, most people would screw it up and trade too heavy and someone will notice and find ways to stop it.

TA is nothing but designing rules based on patterns that get tested out by you, it is too often thought it is a system, but it is not. You are the system. You have to fill in all the blanks, like building an engine, if you build it, you will be able to listen to the engine and when you hear unusual noises that most other people don't hear, you will know how to fix it, same goes with trading. But if you buy or use other people's indicators, you have lack of being able to know how it runs but you have to keep paying for it. The is really no fast track to trading, you have to build engine one step at a time.

I am very glad most people don't use RSI as I been using it very long time and MACD as I use both in very long term stocks and commodities, use it in Scalping as well, some people will bad mouth just about anything. But I don't pay a dime for watching it, it saves me time, watch price long enough, you known what all indicators should be doing, just makes it easier.

Happy Holidays all.
 
Handle123 said:
Most people who buy systems don't have the experience of knowing when the system needs to be adapted-they don't have a clue fast enough that the market is changing and why is it changing, markets change for various reasons. It is not something like it never happened, but if you not had ten years of trading, you have never had that experience to know what you have to do, so you will just lose with someone else's system you are paying, they lose then just lose even more money if they worked for several months as you throwing even more contracts at the signals, you will not only lose the money you made but you will even more money. If everyone did what your 2 cents are, 99% will only have 2 cents left after paying people for their indicators and systems. It is a long road to memorize time and patterns, go back and study charts from last 100 years and you will discover NOTHING is new, it is just new to you.

When you buy a system, anything decent you won't get the code, you are leasing the system, but not the code. If I was to sell a system or indicator, it be web based so no one would have hard copy of it, there is no trust when it comes to making money, how ironic. There are indicators that never come to the public cause they are as close to holy grail, why share an ATM when you don't have to do so, most people would screw it up and trade too heavy and someone will notice and find ways to stop it.

TA is nothing but designing rules based on patterns that get tested out by you, it is too often thought it is a system, but it is not. You are the system. You have to fill in all the blanks, like building an engine, if you build it, you will be able to listen to the engine and when you hear unusual noises that most other people don't hear, you will know how to fix it, same goes with trading. But if you buy or use other people's indicators, you have lack of being able to know how it runs but you have to keep paying for it. The is really no fast track to trading, you have to build engine one step at a time.

I am very glad most people don't use RSI as I been using it very long time and MACD as I use both in very long term stocks and commodities, use it in Scalping as well, some people will bad mouth just about anything. But I don't pay a dime for watching it, it saves me time, watch price long enough, you known what all indicators should be doing, just makes it easier.

Happy Holidays all.
More...

Thank you Handle123 for your experience and input.

I appreciate your response. Although I don't have the trading experience, but everything you said makes logical sense. I agree, it only makes sense to build your own system, especially if the code is not provided with the system a trader is buying.

I understand now. Merry Christmas Handle123, your experience is great for us new traders.
 
Handle123 said:
Most people who buy systems don't have the experience of knowing when the system needs to be adapted-they don't have a clue fast enough that the market is changing and why is it changing, markets change for various reasons. It is not something like it never happened, but if you not had ten years of trading, you have never had that experience to know what you have to do, so you will just lose with someone else's system you are paying, they lose then just lose even more money if they worked for several months as you throwing even more contracts at the signals, you will not only lose the money you made but you will even more money. If everyone did what your 2 cents are, 99% will only have 2 cents left after paying people for their indicators and systems. It is a long road to memorize time and patterns, go back and study charts from last 100 years and you will discover NOTHING is new, it is just new to you.

When you buy a system, anything decent you won't get the code, you are leasing the system, but not the code. If I was to sell a system or indicator, it be web based so no one would have hard copy of it, there is no trust when it comes to making money, how ironic. There are indicators that never come to the public cause they are as close to holy grail, why share an ATM when you don't have to do so, most people would screw it up and trade too heavy and someone will notice and find ways to stop it.

TA is nothing but designing rules based on patterns that get tested out by you, it is too often thought it is a system, but it is not. You are the system. You have to fill in all the blanks, like building an engine, if you build it, you will be able to listen to the engine and when you hear unusual noises that most other people don't hear, you will know how to fix it, same goes with trading. But if you buy or use other people's indicators, you have lack of being able to know how it runs but you have to keep paying for it. The is really no fast track to trading, you have to build engine one step at a time.

I am very glad most people don't use RSI as I been using it very long time and MACD as I use both in very long term stocks and commodities, use it in Scalping as well, some people will bad mouth just about anything. But I don't pay a dime for watching it, it saves me time, watch price long enough, you known what all indicators should be doing, just makes it easier.

Happy Holidays all.
More...
Thanks for the nice post, i agree with it.

Regardless of what you've written, I'm quite sure that you (like millions of other traders, some of them not yet born) will use "my" indicators everyday.

Merry Christmas to everybody!
 
w4rn1ng said:
Thanks for the nice post, i agree with it.

Regardless of what you've written, I'm quite sure that you (like millions of other traders, some of them not yet born) will use "my" indicators everyday.

Merry Christmas to everybody!
More...
lol you are quite an interesting person!
 
w4rn1ng said:
Thanks for the nice post, i agree with it.

Regardless of what you've written, I'm quite sure that you (like millions of other traders, some of them not yet born) will use "my" indicators everyday.

Merry Christmas to everybody!
More...

LOL, I been trading nearly 40 years and I know how to trade and most all of my best systems are automated, I only recently subscribe to one service that tracks "Tax withholding" which calls all major trends in stock market, when I can capture 75% of the range of nine years, I am more than happy. It is good to be confident of what people have for a business, but assuming all going to want your services in insane, I trade cause of the "challenge" of me against me and money are the points for the game in my 401k.

algofy said:
lol you are quite an interesting person!
More...

HUH? he is a salesman, if you have to rely on a indicator to make calls, do you think you have evolved to be one with the market? And when the indicator stops working cause nothing is 100%, and life cycles at different times, will you have the experience to know how to make changes? If whatever people sell worked incredibly well, how come they not managing a hedge fund or trading accounts to build up monies for their own account? I have seen systems that has cost over $50k and always the same, they not worth more few hundred bucks cause they never work all the time.

Charts are like an airplane, if you don't know how to fly it-just a large paperweight, but if you can fly, around the world you go and just cause of the experience you have.

Happy Holidays
 
You must log in or register to reply here.
Back
Top