The key I think is in the sleeve rather than the braided loop. It needs to be a good tight fit, more latex type of stretchy and grippy than harder plastic if you know what I mean - they do vary and some are frankly cr@p! Also needs to be the right size in relation to weight/thickness of fly line. Pitsford Pirate has the best sleeve material with his loops - wish I knew where he got it! Also important to thread your fly line at least 2" into the braid, then if glue is to be used (I do usually add a drop nowadays), one small drop right at top of sleeve so the free section of braid above that can still grip the fly line when it contracts. I also add a small drop of glue to the loop itself where it runs inside itself, to stop the loop undoing. However, some lines such as very thin Di7s are not really suitable for braided loops - too thin - so back to the traditional nylon loop method Ron decribes.
There is also the Gray's loop you could try:
Gray's Loop - Fly Line Leader Loop
I've tried that, and its good, but no better IMHO than a well fitted braided loop.