Date:Sun Nov 24 2024Tokyo:19:09Sydney:21:09New York:5:09London:10:09CET:11:09
BinaryOptions.net Forums› Signals/Robots/Autotraders etc
Signal Push & Signal Rush
ninja_bodotnet
Posts: 232 admin
Posts: 232 admin
This discussion was created from comments split from: Mike's Binary Options Signals Facebook Group.
Comments
Hit me up on skype at Brymcafee (McAllen TX)
www.tradingaxis.com
props to Michael Freeman and then I recognized hell must be freezing over so no wonder it is cold in our dimension LOL.
Seriously I watched some of MF recent webinars and thought they were pretty good. The speakers were trying to help and
most people seemed to be following. Some guys missed trades or got in late or wanted to get in again after winning but that
happens in trading rooms. LOB makes mistakes at times and it is a sign of maturity to retract them if needed. Also I much prefer
LOB making better use of his time sharing his thought process. Education is what can really help bins not signals.No real-time in
the markets so every ones results can not match infinitely. That is not rocket science it is as simple as that.
With SignalPush, as a provider you have a few options. You can trade from MT4 using any number of our MT4 tools (can see more at www.mt4connect.com), most other trading programs can be modified to send to SignalPush (like NinjaTrader), or you can trade directly from your binary platform itself. For instance, you'd pull up Marketsworld, place a trade like normal, it's sent to us. You get to continue trading the way you're used to. We also don't use ghost clicks, so it's going to be the fastest possible connection.
Thought I would chime in real fast, here is a quick video and at around 44 seconds you can see the execution speed of the trade came in at about 0.385 seconds (yes I know this is only just one example). There is another example a little further along in the video also. Its Friday so for now I will leave you with the video as I want to get My weekend started, its going to be over 100 degrees here in Dallas so time to head out to the lake for a nice bit of Jet Skiing.
But I will say I do not want to get into a Pissing match With Signal Push, they have an outstanding product and have set the bar on performance. But I do think competition leads to innovation and better yet a choice of services, which can only be good for the end user. If you have been following us on Facebook you can see our number one concern has been the quality of the product, which is why I have had to eat my own words several times on a release date as it got pushed back. If we did not think our product was ready even though it would be a nasty way of doing things, we could just not endorse any other products over here at bo.net or worse just bury all there posts.
I hope you enjoy the video feel free to come join our facebook page www.facebook.com/groups/mt42binary/ and ask any questions you have.
The site im happy to say is finally up and running for MT42Binary which is our first step into the market, we will be taking the same time and care getting Signal Rush up and Running also. www.mt42binary.com
Regarding the lock-in, yes we do. We do that for a variety of reasons, to protect ourselves (as we give access to patent pending technology), the clients and the providers.
I do have a question though, how are you getting "0.385 seconds"? When I watch the vid, it's more like 2-3 seconds. If you're timing the time it takes to get from MT4 to MW, not including the actual execution.. that makes more sense. I just would be very careful saying your execution is 0.385 seconds.
If you are in fact just talking about signal "delivery", we give an SLA of < 0.250 seconds but the majority of our customers see double digit delivery times. Here is an example (these are milliseconds, so for instance 12.50 is 12.50 milliseconds, also written as 0.0125 seconds).
I think it would be more beneficial to work together at building a great product than working separately. This industry is ruthless and you need all the non-crazy partners you can have
Anyways, love to chat and see what we could do together. You know where to find us!
I think the future is in DARK POOLS muhahaha
The only "lock in" we have is a really just a termination notice in that you can't up and quit. You have to give adequate notice (typically 60 days) if you wish to quit. This protects clients from signing up to someone who leaves and doesn't finish their subscription, and providers from leaving without notice and getting into legal issues with upset clients who didn't get what they paid for.
So in short, if you really feel it's necessary to have your service on another platform, go for it. Let me remind you that if your signals are manual, your signals are a service you provide. If they are 100% automatic, they are a product. What you see on Apple, Amazon, Google... Those are products. Putting them on multiple won't hurt clients. Now, putting a manual signal service on multiple platforms, that CAN hurt clients. You would be taking the same signal twice, so who would get the better entry? One of the services would.
We have seen it happen several times where providers try and offer their signals too many places and the clients get jipped as the provider isn't focused on providing signals to just the tech they are on. Performance suffers.
In any case, this thread for Mike isn't the place to really discuss our legal, or even SignalPush or Signal Rush. I'd suggest emailing us or starting a new thread for the proper discussion topic.
1) If you are a signal provider for them and you start providing signals outside of using their technology they will and have gone after people for this.
2) The use of martingale statistics with fudged math is not acceptable to me as it does not reflect "TRUE" statistics noted by my last post of showing how BSBs performance is actually higher then Legendary Dragons which is misleading to customers and unfair to better providers as BSB vs Legendary which in fact BSB is better = less risk/lower drawdown %s. I mean you can say you lose 1 and win a double up = 2 that its 100% but in fact its really 66% trade for trade.
3) You make all of your providers contracted workers because you can write them off as employees. Hence why you require signal providers to fill out tax forms of course I don't know how you do that with overseas clients but again they are partners not your employees so I don't like that. Are you going to offer them 401k plans and health insurance? Heck that might even be a good marketing ploy lol..
1) We've gone after people who were creating competing technology or were assisting others in creating a competing technology. I can't think of any instance where we have "gone after" someone for simply trying to provide signals elsewhere. If you know of one I don't, feel free to inform me. Believe or or not Lotz, you don't know they full story behind everything
2) You should already know we have a new leaderboard and performance calculator coming out.
3) It's called the law. They are not employees. They are independent contractors/vendors providing a service. We are REQUIRED by law to send a 1099 for any US based or American citizen who we have paid over $500. Those who are overseas and are not required to pay US taxes do not have tax forms to fill out.
Who do you think you are? Gavin Belson maybe? Next you are going to tell me "I don't want to live in a world where Signal>Push does not own/create all the auto-trading technology>"
You are absolutely correct. Those individuals we went after either were trying to create their own autotrade technology or were assisting others in creating a competing technology. I can guarantee those would be upheld in court. We did not however, go after someone who simply wanted to provide signals elsewhere, only if they were creating their own or helping others create one. It's pretty obvious when someone posts a job posting on a site like eLance that says "Looking to replicate signalpush" and it's posted with their name and email.
If a provider signs up for your service, you give them access to your tech, they go and try and replicate it, and you decide not to go after them.. that's your call. We like to protect our technology and business just as we protect our clients.
I'm an extremely fair individual and run my business with integrity and professionalism. You can agree or not, no difference to me. This just isn't the place for these conversations. In the end it's very simple. You go work with someone who is going to give you access to private technology, you're almost guaranteed to sign an agreement where the business is protecting their technology. This isn't open source.
The point I am making is you don't own all AUTO TRADING TECHNOLOGY and those who sign up as a provider with you and maybe even clients who just get signals. If they ever tried to create their own IP/TECH for signal delivery even if it had ZERO to do with your IP/TECH then you would go after them because they signed your agreement. Correct? Yes it is a place to discuss this as that is what a forum is for duh, education not just marketing lol..
Sorry if you don't like it but it does not make it any less true. On the 1099s I would generally agree with you but you also impart W2s is that correct? Then again does not matter you are in the U.S. taking advantage of any TAX leverage to benefit/protect your interests makes sense even if providers don't like it. The other thing about the stats well I don't think you really care to change it because its n00b bait to show higher win%s for the higher/risk less performing 2 step marty traders. I just think its unfair to better traders below because it does not reflect their true equity yield curve which = less drawdown overall more stable consistent trading behavior/results if you get me.
I find it very hard to believe that if you had a provider sign up with your tech and then you found out they were off creating their own using some of the same technology and many of the same features, that you would just not do anything. If that's the case, you're openly saying, "Here, come use our stuff, find out all about our technology and what we're worked so hard to figure out and create.. and use that knowledge to go create your own. No need for us!", and I wish you the best in protecting your business. I know exactly what instance you're referring to and that person may not of been actively sending signals via SignalPush but they had access to our tech, have provided signals in the past, and have never sent in any sort of termination notice.
Each circumstance is different and being that none of them involved you, you don't have all of the information. If you don't like that we protect our technology from those trying to replicate it, that's your right to disagree. No one has to sign up to be a provider with us. If they are signing up to be a provider and have any desire to create their own technology or help someone build one, don't sign up. If you want to just focus on providing signals and want to leave the technology to others, we'd love to have you.
I don't mind competition, I welcome it. What I do mind is stealing, lying, and signing up to be a provider for the sole reason of finding out how we do what we do.
1) "If they ever tried to create their own IP/TECH for signal delivery even if it had ZERO to do with your IP/TECH then you would go after them because they signed your agreement. Correct?" - If it had ZERO to do with it? No, we would not. Even if it HAD something to do with ours, we may not care. Every situation is different and requires a full knowledge of the situation to decide whether or not there is a true conflict.
2) "but you also impart W2s is that correct?" - No, we don't send W2's to providers. Those are for employees.
3) "the other thing about the stats well I don't think you really care to change it because its n00b bait to show higher win%s for the higher/risk less performing 2 step marty traders. I just think its unfair to better traders below because it does not reflect their true equity yield curve which = less drawdown overall more stable consistent trading behavior/results if you get me." - Are you kidding me? We're all about making things easy to understand and completely transparent. Our new leaderboard due out very soon gives the client the ability to input their own #'s and will calculate the true ROI on each provider, including all drawdowns, curves, etc. If a provider is better without using martingales than one using them, it will show that. No one is trying to "bait" anyone. Why would we want to bait someone to sign up with a worse provider? We want the client to make money and stick around.
Like I said, competition is welcome, but come up with new innovative ideas. Otherwise all your doing is stealing the hard work and innovation of others.