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Hi Glen,
You raise some interesting questions. I can't answer the first one about
copyright laws (but it seems Lionel did). And Drummond may require
a non-disclosure agreement for his training material, but I received my
literature
not from Drummond ... but from one of the original students of P&L (lets
call
him Mr. X) trained personally by Drummond back in the early 80's (Mr. X has
his own training material). Mr. X didn't require a non-disclosure agreement,
but I
still don't want to anger Drummond, and he rightly deserves full credit for
this
method! Is this mine to give away? Well I don't claim to "own" the P&L
method,
but you can't learn the method from my MetaStock code or the "Expert" I
developed... but it still might reveal things Drummond wouldn't want in
public.
Mathematically all the calculations are simple, since they deal strictly
with the
High's, low's close, and a 3 day moving average.
Do I recommend this method... well I am still testing, but so far it has
impressed
me to the point of spending many hours developing my trading tools to use
with it, and the more I learn the better I like it!
Adam
----- Original Message -----
From: Glen Wallace <gcwallace@xxxxxxxx>
To: MetaStock listserver <metastock@xxxxxxxxxxxxx>
Sent: Monday, April 03, 2000 10:27 AM
Subject: Re: Question....
> Adam:
>
> Three issues. The statutory issue -- does copyright law cover formulas.
> You'll probably never get a clear answer from a lawyer on this. Second,
the
> contractual issue. Correct me if I'm wrong, but doesn't Drummond require
a
> non-disclosure contract? If so, you'll probably find your answer there.
> Third, the moral issue -- is this yours to give away. I don't know.
You'll
> have to answer that question yourself.
>
> In any case, I'm sure we would all love to hear your views and
recommendations
> on Drummond's methods.
>
>
>
> ----- Original Message -----
> From: "Adam Hefner" <vonhef@xxxxxxxxxxxx>
> To: <metastock@xxxxxxxxxxxxx>
> Sent: Sunday, April 02, 2000 8:35 PM
> Subject: Question....
>
> > Any legal minds here? I have been learning a trading method, and have
since
> > developed an
> > "Expert Advisor" and MetaStock code to go along with it. My question
deals
> > with sharing this
> > Code with others... for example here is a statement from there web page:
> >
> > Any formulae presented are copyrighted. .... Copyright © 1996,
> > 1997, 1998, 1999 Charles Drummond
> > "Drummond Geometry", "PL", "P&L", "Point and Line" copyright by Charles
> > Drummond. All rights reserved.
> >
> > I did learn a method developed by Drummond, but all of my code is my
own
> > work, so my question is:
> > What are my limitations in sharing my MetaStock work? I have no
intentions
> > of selling this, nor actively
> > teaching others how to use it.... but I don't mind sharing the MetaStock
> > code (If it wont get me into trouble).
> >
> > Thanks,
> > Adam Hefner
>
>
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