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How much would you spend max for a great indicator?

  • #21
  • Dec 19, 2016 8:16pm Dec 19, 2016 8:16pm
Quoting Maritov
Before I'll vote, I'll would make sure I tested the indicator over and over again to make sure of success. It is this time I would know how much to spend. But I'll definitely give good money for any good indicator.
Yes the indicator theorized in the poll is a really innovative indicator, means that nothing like that has never been created/published.

All i can say for now is that it is coming soon, and will change forever the life of millions of traders, some of them not yet born.

The reason of this poll is about set a realistic price, and so far i see that 80% of ff traders wouldn't invest a dime in the success of their trading career, but the other 20% seems to be there, and it is a great thing.

Thanks to everybody for their vote, i hope more people will vote.
  • #22
  • Dec 20, 2016 5:22am Dec 20, 2016 5:22am
Show me results and then we can talk about money....

Actually...... forget "results"...anyone can create a indicator based on backtested results that have managed to curve fit a period of time to yield amazing results in hindsight. An indicator is useless anyway, you would need to be selling a complete system, the results of which could (again) simply be curve fitted to yield impossible results, again all in hindsight.

No, reliance on even "really good" indicators is foolishness.
  • #23
  • Dec 23, 2016 8:29pm Dec 23, 2016 8:29pm
The age old question is ---- why? If you have an indy that is capable of making a heap of money why do you want to make money by selling it? Just use it.
We are all One. Be present. Be the Observer
  • #24
  • Dec 26, 2016 12:46pm Dec 26, 2016 12:46pm
I wouldn't spend a penny on that, old fashioned free indicators are enough to make a good amount of return. They have been widely used and tested, they are the best for trading and most importantly help traders gain more trust in their trading system which is most crucial.
  • #25
  • Dec 27, 2016 6:31am Dec 27, 2016 6:31am
I am always suspicious of people selling indicators and EAs they claim they are great. If they’re so great why not just use them to make easy profit rather than go through the hassle of selling them?
  • #26
  • Dec 27, 2016 1:58pm Dec 27, 2016 1:58pm
ZERO!!! Glad to see 77% of the traders agree with me.
Make your losses in demo. Earn your profits live.
  • #27
  • Dec 28, 2016 7:56am Dec 28, 2016 7:56am
Quoting Forexia
ZERO!!! Glad to see 77% of the traders agree with me.
Keep in mind the human nature, most of the people lie most of the time.

If i make a new poll asking how many are profitables, probably 90% would "be" profitables

In truth, only a very few are profitables, and everybody (100%),both profitables and not, would pay good money for a good indicator.

Now if the answers to this poll are sincere, this means 78% are demo traders and don't have any money to spend.

Still 20% is a great number, way better than my forecasts.
  • #28
  • Dec 28, 2016 8:41am Dec 28, 2016 8:41am
Quoting tunera
{quote} Yes the indicator theorized in the poll is a really innovative indicator, means that nothing like that has never been created/published. All i can say for now is that it is coming soon, and will change forever the life of millions of traders, some of them not yet born. The reason of this poll is about set a realistic price, and so far i see that 80% of ff traders wouldn't invest a dime in the success...
Inserted Video
"You may say I am a dreamer .... but I am not the only one."
  • #29
  • Dec 28, 2016 8:56am Dec 28, 2016 8:56am
Quoting nullx8
{quote} use a per trade license model. instead of charge money for somethings a user can not test .. give the indicator out for free. but bind it on a IB .. so if the customer makes money .. you make money if the customer has 1million on the account .. you make alot .. if 100$ you make little .. its fair and transparent. moving boxes is not the way to make money .. and if a user have 500.000 on an account .. you may sell it too cheap anyway .. but the core custmers will be the ones with 500-1000$ anyway .. so how much can you make with 1k on the...
+1 for this idea.
FYI a same indicator, different broker, the result could be different (signal)
Cendol is the most popular dessert in my country
  • #30
  • Edited 9:46am Dec 28, 2016 9:10am | Edited 9:46am
Quoting tunera
Yes the indicator theorized in the poll is a really innovative indicator, means that nothing like that has never been created/published. All i can say for now is that it is coming soon, and will change forever the life of millions of traders, some of them not yet born.
The two parts I've highlighted are extraordinary claims. Especially the second one: the fact that you believe you will make millions of sales, and to a market 20 years into the future. Who knows exactly how, but the way in which the forex world operates will likely have changed significantly, by 2036. The economic landscape, the prevailing belief systems, the composition of the market in terms of participant types, and (especially) the available technology, will all doubtless be very different.

You ask: How much would I be willing to pay? It depends on the indicator. By itself, OHLC(V) is merely past data with little predictive value. An indy that rehashes OHLC(V) in a different way would at best be nothing more than handy, and that's assuming that it gathered and displayed the data in a way that wasn't obvious by merely looking at the candles. But you say that it's "really innovative", well something like (for example) a bot that analyzed sentiment flows by gathering comments from news and twitter feeds, and then summarized consensus as to how institutional traders were viewing currencies as bullish or bearish -- something like this -- across different horizons...... well, something as innovative as that might be a lot more valuable.

Hence I agree with other comments -- to gauge value, I'd first need much more info as to what the indicator does, and how, before I could participate in your poll. And I'd want to know what charting platforms it runs on, especially as MT4 is apparently going to be discontinued soon; also, if I was paying a significant sum of money, what software support, warranties, licensing terms and conditions, etc were being offered.
______________
{EDIT} @guesser: our posts crossed, and we both highlighted the same areas of the OP's post. Great minds think alike, LOL!!
  • #31
  • Dec 28, 2016 9:25am Dec 28, 2016 9:25am
A great indicator or trade plan is totally useless if you can't IMPLIMENT it in real time trading. Implementation in this game looks easy but for the vast majority (including me) it's not (assuming you're not a 100% system trader but even then you have to turn the live trading switch to ON.

This is why I always say - a good trade plan is NOT enough.

Think implementation as similar to a rifle range if you're a soldier. The range is nice and safe, you have sandbags to lie on, take your time, line up your sights and bingo, probably a bullseye. In fact you might find yourself such a good shot you get a little medal.

Now drop out of a helicopter in a war-zone, bullets flying everywhere, your best mate just got his head blown off and 1/4 of his brain splatters your face, now you might not be able to hit a barn door at 10 paces. THAT is the reality of war and THAT is also the reality of trading, and yes, there is lots of blood in trading, the blood of losses!

So again, having a good trade plan or even indicator is not enough because you have to IMPLMENT that trade plan in live markets.

So the best indicator in the world has a value of less than zero if you cannot implement it in real time trading. Think about this point because it's extremely important and many have failed in this game not because of their trade plans but because they can't for whatever reasons implement it in real time trading.
Road To Wisdom? To err and err and err again, but less and less and less...
  • #32
  • Dec 28, 2016 9:38am Dec 28, 2016 9:38am
the more success, the better value
success of this indicator can be proved with this way:
1. create own live account
2. hold forum public list of members/aplicant
3. run trading on that live account based on this indicator and after every earned equity growth, create one license bound to aplicant trading account
4. make this license time limited (few days), if aplicant ask you for license renewal, generate it
5. share about interest
6. continue this loop - after few whole rounds, the interest prove success of your indicator and increase/decrease its value
  • #33
  • Dec 28, 2016 10:16am Dec 28, 2016 10:16am
Quoting hanover
{quote} The two parts I've highlighted are extraordinary claims. Especially the second one: the fact that you believe you will make millions of sales, and to a market 20 years into the future. Who knows exactly how, but the way in which the forex world operates will likely have changed significantly, by 2036. The economic landscape, the prevailing belief systems, the composition of the market in terms of participant types, and (especially) the available technology, will all doubtless be very different. You ask: How much would I be willing to pay?...
Yeah, this thread was opened just in order to make a poll and gather some information about what a good price can be.

And it's very nice to see such a good response and votes in the poll, really nice.

Yes I ask: how much would you pay?
You ask: it depends on what is on the table?
I say: something very cool.
You say: i don't see anything cool right now, so i cannot vote.

I agree on the fact that this poll is lacking some serious information, but take it as it come, i should have made an option in the poll that say "can't vote because i don't know what i'm voting about", unfortunately now i cannot edit the poll, so this current of "undecided" voters is lost, there will be no data that register their vote.

My bad!

Thanks anyway
  • #34
  • Dec 29, 2016 4:12am Dec 29, 2016 4:12am
None money for indicator, I will rather love to create my own strategy which can works according my mind. Dont need to waste my time and money with stupid indicator.
  • #35
  • Dec 29, 2016 5:41am Dec 29, 2016 5:41am
it also very very much depends on the situation.

as example, if someone could programm me a multiday-vwap for example, i would gladly pay for it.
but not on a retail basis ..

more for the signed NDA and the exclusivity
  • #36
  • Dec 29, 2016 7:50am Dec 29, 2016 7:50am
Tunera you always have been thinking out of the box and always looking for new angel.

I always say if you want to make million $ easiest way is making a mobile phone application selling $0.99 for only 1 million people in WORLDWIDE.

Achieving a unique idea is the missing part of this game, people will easily pay thousands to make 100k. win-win.

HOWEVER, assuring customers is another challenge as you can see on poll result.

This poling I think is much result of your excitement rather than pricing model.

In my opinion, If you want to sell your product, do it with proof or a test drive or a snapshot of your profit or anything to show the stage, result and heat up the customer's excitements. Again one off payment if much favourable for customers rather than monthly subscription. They own the product

I bet all FF members plus other forums will beg for your bank account soon or later IF and only IF you have the LAST part of 1000 pieces JIGSAW to unlock.

I will pay you if I see by paying you I can make much more money that I am making.

I have been trading since 2005 and have not seen such an indicator so far and I personally am not sure to see in the future !

Good luck and make millions of dollars and give some to me
  • #37
  • Dec 30, 2016 12:33pm Dec 30, 2016 12:33pm
Quoting tunera
{quote} Keep in mind the human nature, most of the people lie most of the time. If i make a new poll asking how many are profitables, probably 90% would "be" profitables In truth, only a very few are profitables, and everybody (100%),both profitables and not, would pay good money for a good indicator. Now if the answers to this poll are sincere, this means 78% are demo traders and don't have any money to spend. Still 20% is a great number, way better than my forecasts.
Well depends on how you phrase the question, if you just simply ask the question how many of you are profitable, at any given point of time, 90% of the traders ARE profitable so if they answer that, it is not really lying. Whereas whether they will pay for an indicator, majority of the traders would not even it's great because there are many great indicators that are free so why should we pay for something that we could get for free?

Lord knows that we traders have paid enough to try to make a living via trading, commissions, software charges, fees of all sorts, spread, slippages and now indicators? Honestly at the end of the day, the only people who are making money in this industry are the ones who are NOT traders when this is supposed to be a trading industry where the people who TRADE are supposed to be the one making money from TRADING. LOL

Happy new year everyone!! All the green pips to you in the new year (except if you are in/from China, then all the red pips to you)!
Make your losses in demo. Earn your profits live.
  • #38
  • Edited 6:52pm Dec 30, 2016 6:36pm | Edited 6:52pm
Quoting Forexia
{quote} Well depends on how you phrase the question, if you just simply ask the question how many of you are profitable, at any given point of time, 90% of the traders ARE profitable so if they answer that, it is not really lying. Whereas whether they will pay for an indicator, majority of the traders would not even it's great because there are many great indicators that are free so why should we pay for something that we could get for free? Lord knows that we traders have paid enough to try to make a living via trading, commissions, software charges,...
Yeah i apologize, didn't mean that anybody here is lying.
It was just a personal observation regarding how the average human being act (lie is an everyday thing), then maybe in this forum nobody do it lol, if somebody felt offended please accept my apology, nothing personal really.


Happy new year!
  • #39
  • Last Post: Edited 7:44pm Dec 30, 2016 7:11pm | Edited 7:44pm
Dont know is this funny troll honey pit.
Sounds it.
thanks this forexfactory coming more stupid and stupid i will shoot my head.
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