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NexGen indicators and review (www.nexgent3.com)


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NexGen indicators and review (www.nexgent3.com)

  #131 (permalink)
 superpete 
Montreal, Quebec
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Optimus Trading Group/Rithmic
Trading: CL
Posts: 69 since Oct 2009
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I trialed Nexgen T3 indicator package two years ago... For a willing newbie it seemed like the holy grail, but the price of admission was 16,000$ !!!! The rep that called me a few times was very nice and a perfect gentleman... Thing is I now know now that I could make as much money with two MAs and good risk management, so...

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  #132 (permalink)
 
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 vovan348 
Moscow
 
Experience: Beginner
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trendisyourfriend View Post
Fat indicator is pretty much the same although i have not compared both side by side.

I use the exact framework as NexGen (Keltner, Trigger lines (Large' Small), MACDBBLines), a copy conform (CC) if you want of their indicators. Send me an PM i'll try to help you. What version of Ninja do you use ? I have been using the same base since 2 years ago except that i have added Market Profile for identifying emerging key areas during a session. How long have you been using their framework ?

Hi! I saw your post here about indicators you've been using. I've been using Trade Navigator for a year now and I am new to NT. Could you help me to find indicators you are using.

I tried to make my own triger lines (80,20) and (20,5) but they don't look the same like yours. They are not that smooth and I don't know how to make them to change colors when they cross each other.

Buy the way I'm using NT 7


Thank you very much!!!

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  #133 (permalink)
 
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 Fat Tails 
Berlin, Europe
Market Wizard
 
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The forum has a download section. Just explore it! The trigger lines can be found here:


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  #134 (permalink)
 
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 vovan348 
Moscow
 
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Thanks FT!!! Looks great!!

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  #135 (permalink)
 
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 Big Mike 
Manta, Ecuador
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  #136 (permalink)
 dh004110 
Aurora, canada
 
Experience: Beginner
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Big Mike View Post
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I'm not trading this method now, i just feel that i need to learn more than just reading an indicators.....

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  #137 (permalink)
 fxpro888 
Taiwan
 
Posts: 6 since Oct 2010

guys, stop trying to simplify everything. nexgen may have some elements of common indicators that are floating around for free, but no doubt about it there are BIG differences. The three biggest elements that make Nexgen so valuable are 1. rules (that is, exact science for how to enter on a specific bar w/ specific SL) 2. fib lines (which can never be recreated by a pirated system) and 3. the 1-on-1 training that nexgen offers. If you want to trade and plan to devote yourself then an investment in Nexgen is an excellent idea. Of coures, to each his own. And good luck to all!

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  #138 (permalink)
 
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 Fat Tails 
Berlin, Europe
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fxpro888 View Post
guys, stop trying to simplify everything. nexgen may have some elements of common indicators that are floating around for free, but no doubt about it there are BIG differences. The three biggest elements that make Nexgen so valuable are 1. rules (that is, exact science for how to enter on a specific bar w/ specific SL) 2. fib lines (which can never be recreated by a pirated system) and 3. the 1-on-1 training that nexgen offers. If you want to trade and plan to devote yourself then an investment in Nexgen is an excellent idea. Of coures, to each his own. And good luck to all!

He are no pirated systems. The indicators used by Nexgen have been around before Nexgen started using them. The trigger lines are simple moving linear regression lines. MACD, Bollinger Bands and Keltner Channels are not new either. The Fibonacci Lines are their main selling proposition. I have done statistical analysis and created my own Fibonacci Indicator, which of course is not identical with the Nexgen indicator. Maybe it is even better. If you like, you can try it.

The system they sell is overpriced. If you divided the price by 10 or 20, you would get a reasonable price. Nexgen needs to sell at high prices because most of their efforts go into marketing.

That said, their system is a valuable approach to trading. I agree that the indicators alone will not help you a lot without specific training, how to use them. However, you should not have used the term "science". This is no science, it is a game. The rules of this game change, and the only thing you try to figure out is the behavior of your opponents.

If you want to pay $ 16,500 just to be eligible for their training, this is your own decision. You may be disappointed in the end. There is no science, and the trading style may not match your personality.

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  #139 (permalink)
 
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 vovan348 
Moscow
 
Experience: Beginner
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Trading: ES, TF, 6E
Posts: 460 since Mar 2011
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Hey guys! I'm sorry for a stupid question but how you can get those dots at the closing price on every bar. It's so hard to see when they are close to each other.

Thank you!

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  #140 (permalink)
 
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 cory 
virginia
 
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vovan348 View Post
Hey guys! I'm sorry for a stupid question but how you can get those dots at the closing price on every bar. It's so hard to see when they are close to each other.

Thank you!


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