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Be careful giving them your credit card. I tried their room and it was not at all helpful so I canceled and they still charged me. Eventually, they did give me a refund but it was quite a hassle. I don’t trust them at all.
Can you help answer these questions from other members on NexusFi?
Can you explain the logic behind switching to SIM? I'm looking at their system and they have a 90% win rate. Call me stupid, but if your system has that big of an edge, why would you stop... unless you don't have confidence in the system. I'm looking at the stop loss which is anywhere from 2x to 4x the profit take and it makes me think this system has a negative expectancy. They quit while they're ahead and continue to trade so as to provide a sense of value as they milk their little trader cows.
16 losing trades wipe out 62 winners. Risking 4R to take home 1R. Think about it like this. What if they make 2 bad calls back to back and you're down $700 and only making $90 bucks a win. You now need to win 9 times to break even. NINE times. Would you have the emotional strength to do that risking your hard earned money? No wonder they simming
Over the last few weeks, they have been email blasting and in the email, they show the previous day's trade results via that Ninja screenshot in a video. The narrator mentions in so many words that they start in LIVE and switch to SIM after they bank their profits not to lose the wins for the day. I don't recall his exact logic other than to not over trade and give up profits already banked.
I was set to do the $10 trial and saw that it's one of those deals that if you don't cancel in time, they will charge you the $147 for the next month and immediately knew that they'd likely take $147 no matter what so I did not proceed.
BSG not a plug and play product but have used it for several years now.
Some of the indicators on here like Volume Stop I seem to arrve at good thresholds at turns in both slower and faster markets.
SMTD indicator on a longer term Line Break Wicked charts seems to be good confluence and that is what I use to pick trades as they line up often enough and before the cattle are out of the gate so to speak.
I looked at BSG a few years back and it was OK but I didn't continue with it. I recently attended their Ninjatrader webinar and decided to look into their product again. I decided to go ahead and purchase the yearly deal they had.
I'm not too impressed with the auto trader just looking at the results on their website. They did it on sim and did not include commissions. The "blue chip" indicator is just a red light/green light deal which may or may not work. I haven't used it enough to pass fair judgement. In my brief time looking at it I suspect there may be some trade decision support value.
The main reason I purchased was the BG orderflow tool. I have only used it for two days on a market replay account but it seems to display the orderflow clearly. I have used Rancho Dinero (Acme products) and Ninja traders order flow tools but BSG seems to be much clearer to me. Only time will tell.
There are a few kinks to work out on my end setting it up correctly but if my testing is any indication it may be worthwhile.
My main problem with trading footprint charts has always been interpreting them quickly. It seems easier with this tool however time will tell. I tend to be over optimistic when trying out new things. Maybe I'll report back in a few months.
