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NexGen indicators and review (www.nexgent3.com)
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NexGen indicators and review (www.nexgent3.com)

  #151 (permalink)
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Jaguar52 View Post
Seriously, I bought the T3 Fib Pro Trader many years ago. I have a love hate relationship with them. Some days they helped me make a small fortune, then days later give it all back. I started getting confused as the entry rules started to change a bit, then some setups were so vague I could not find them. Reasonable stops became huge stops.
Recently they have the Revolution. I got the upgrade but did not get the automated signal generator. The charts are a lot cleaner, easier to see. Unfortunetly it does not help.
IMHO you have to have a sustained trend. You cannot scalp with them consistently enough to be succesful. But if you just wait until a sustained trend is on the way, then you have a chance. You have to put in thousands of hours of screen time to learn them, and they are still expensive.
So, what is the percentage the market actually trends a sustained move? on an intra day basis? That is about as effective as you have the "potential" of sustained profits...maybe...on sundays....in summer....after a rain storm....
But you know, I paid so much for them....they just have to work...or maybe it's just me....sigh...


You always get attached to things you own, and value them higher than those that you don't own. The money you spent and the gains and losses you experienced have further intensified your feelings for that lovely peace of software.

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  #152 (permalink)
Trading Apprentice
london
 
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Trading Room

Hey FXPRO888 - Kindly give me access to your trading room.

I use a variation of T3 and would like to share trading ideas with other users of this method of trading.

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  #153 (permalink)
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Nexgen T-3 is worth it.


Because I had studied technical analysis extensively before I took the Nexgen free trial, I recognized how good their system was right away. After two hours into the trial I had made up my mind to buy the software. I have not had buyers remorse since. But, most of thier clients don't make money. People want it to be easier than it is. You can create the same lines on your chart if you master Ninja Trader, but Nexgen's software is better than what the drop down menus will give you. Just buy it. It is the best method in my opinion. I've gone to 2-3 webinars every week through Hotcom to see what methods exist. I haven't seen any in 2 years that are better than Nexgen. Two came close and one had a much higher client success rate. So I bought that system too. I like Nexgen better. If you want Indicators like Nexgen's, there are copy cats out there but Nexgen came first and they are the best. I won't tell you who the others are. Go find 'em. Better yet, if you're serious about being a trader, just buy the software. It will pay for itself. The Nexgen clients who are successful can make 20 plus tics per day. One guy in Italy has made over 300 in one day. My trading buddy averages about 20 tics per hour. The system works for those who master it. But, you gotta spend the money and put in the time.


mrloanapproval View Post
After 2 weeks of training and recording sections of NexGen T3, I was in complete sticker shock. I am going to purchase Ninja Trader and open an account at Mirus Futures. I think the only thing I am lacking is indicators. Does anyone have similar indicators as NexGen? I want to SIM for another months, then go live. I am looking for Large Triggers, Small Triggers, Bollinger Bands, Mid Band, MACD's, Support and Resistance lines. After reviewing so many different post, it seems that there are many ways an indicator can read. I have a good amount of knowledge from NexGen, but just don't want to pay the price for the software considering it's all free or close to free. Any pointers?

Thank you for any input. (the new guy)


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  #154 (permalink)
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Trader Duck View Post
Because I had studied technical analysis extensively before I took the Nexgen free trial, I recognized how good their system was right away. After two hours into the trial I had made up my mind to buy the software. I have not had buyers remorse since. But, most of thier clients don't make money. People want it to be easier than it is. You can create the same lines on your chart if you master Ninja Trader, but Nexgen's software is better than what the drop down menus will give you. Just buy it. It is the best method in my opinion. I've gone to 2-3 webinars every week through Hotcom to see what methods exist. I haven't seen any in 2 years that are better than Nexgen. Two came close and one had a much higher client success rate. So I bought that system too. I like Nexgen better. If you want Indicators like Nexgen's, there are copy cats out there but Nexgen came first and they are the best. I won't tell you who the others are. Go find 'em. Better yet, if you're serious about being a trader, just buy the software. It will pay for itself. The Nexgen clients who are successful can make 20 plus tics per day. One guy in Italy has made over 300 in one day. My trading buddy averages about 20 tics per hour. The system works for those who master it. But, you gotta spend the money and put in the time.


Nexgen has been around a very long time. IMHO, if after the 8 years I have known about them, this statement is still being thrown around, then you have to ask yourself some serious questions. Grant it, they now have a signal arrow making it a lot clearer as to what is or is not a signal, but your ability to make money has more to do with you than with the signals. So, I ask you, what is lacking in Nexgen that causes that statement?
Trading education is not the same as signal education. A pair of moving averages is as good as almost anything else, and if you want to spend that kind of money on non-magical indicators, spend it on a real trading education or save it for your learning curve drawdown. IMHO, we are culturally educated to think more $$ means more probability of success, more probability that it is better than anything else. This is an illusion.

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  #155 (permalink)
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Nexgen Trades


fxpro888 View Post
so youre saying the users group is no longer functioning? lets start a new one. cuz im full time and I will never quit. we can help each other. lets get together and trade. i have 10 friends with nexgen. I have a conference room we use to discuss trades and so on. perhaps we can get together and assist each other. develop some mutually beneficial value. what do you say?


Jaguar52 View Post
Nexgen has been around a very long time. IMHO, if after the 8 years I have known about them, this statement is still being thrown around, then you have to ask yourself some serious questions. Grant it, they now have a signal arrow making it a lot clearer as to what is or is not a signal, but your ability to make money has more to do with you than with the signals. So, I ask you, what is lacking in Nexgen that causes that statement?
Trading education is not the same as signal education. A pair of moving averages is as good as almost anything else, and if you want to spend that kind of money on non-magical indicators, spend it on a real trading education or save it for your learning curve drawdown. IMHO, we are culturally educated to think more $$ means more probability of success, more probability that it is better than anything else. This is an illusion.

Here is a chart of some of the trades that can be found using the Nexgen Method. It is bar by bar chart marking that I'm doing. I am testing some new strategies that go beyond what Nexgen teaches. So far, I have over 100 days of bar by bar trading done. I am trading the first 2 hours of the market for each day. I'm averageing over 25 tics per hour with no losing days in the last 70 days. This is one of the better days with 154 tics on the EC in just 2 hours.

Attached Thumbnails
NexGen indicators and review (www.nexgent3.com)-07-23-11-04-18-11-ec-220-1.png  

Last edited by Trader Duck; August 15th, 2011 at 06:05 AM.
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  #156 (permalink)
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LOM


SARdynamite View Post
Anyone find out what is their LOM exit about ? It's close to market extremes each time.

Also how is their divergence numbers from charts calculated ? Tried a few things but could not replicate it precisely.

Cheers

I use to think the LOM was using a Stochastic or RSI for an over bought/sold signal. Then I noticed it plotted each time a bar was at or near the OB and closed on the opposite side of the STs. I forget now, but the Macd bbs may have been turning at the same time. My Stochastic settings give a signal a the same time. I found that for a slow Stochastic using 10,2,4,1 on Trade Station (4,10,3 with ninja) works very well. I back tested those settings and in 12 hrs of the EC there was a fortune to be made just using the Stochastic signals with the Nexgen method. Here is a couple of charts that show the back test. I only did 12 hrs of the EC market and never did any more. I just wanted to know if those setting were good.

Attached Thumbnails
NexGen indicators and review (www.nexgent3.com)-06-09-10-06-10-10-1_ec-220-stoch-back-test.png   NexGen indicators and review (www.nexgent3.com)-06-09-10-06-10-10-2_ec-220-stoch-back-test.png   NexGen indicators and review (www.nexgent3.com)-06-09-10-06-10-10-3_ec-220-stoch-back-testpng.png   NexGen indicators and review (www.nexgent3.com)-06-09-10-06-10-10-4_ec-220-stoch-back-test.png  
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  #157 (permalink)
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Trader Duck View Post
...Here is a couple of charts that show the back test. I only did 12 hrs of the EC market and never did any more. I just wanted to know if those setting were good.

From my perspective, these tests or fake trades are meaningless. I know the Nexgen approach pretty well and what you are showing on your charts looks like some of the regular Nexgen entry/exit but in reality they are not. You've got some pretty lines on your chart (i am thinking about the Fib lines) but despite of this you do not seem to consider them. I think you are showing a good example of over trading. You close some of your trades too soon for fear of losing and take too many entries. Most importantly you do not take into account slippage and commission. Add that to the equation and you'll instantly become more selective and will want to develop the ability to evaluate the merit of a trade (R:R) before taking it. Look at cjbooth's approach. He is a good example and his trades are real.

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  #158 (permalink)
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trendisyourfriend View Post
From my perspective, these tests or fake trades are meaningless. I know the Nexgen approach pretty well and what you are showing on your charts looks like some of the regular Nexgen entry/exit but in reality they are not. You've got some pretty lines on your chart (i am thinking about the Fib lines) but despite of this you do not seem to consider them. I think you are showing a good example of over trading. You close some of your trades too soon for fear of losing and take too many entries. Most importantly you do not take into account slippage and commission. Add that to the equation and you'll instantly become more selective and will want to develop the ability to evaluate the merit of a trade (R:R) before taking it. Look at cjbooth's approach. He is a good example and his trades are real.

You need to read the first chart. It explains how the back test was conducted. That will solve your confusion.
Thanks

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  #159 (permalink)
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hmmm


Trader Duck View Post
You need to read the first chart. It explains how the back test was conducted. That will solve your confusion.
Thanks

first chart shows some purely indicator entry, such as sts. during perfect range market, the 80, 20 things might work,
but the market has different look everyday. and I saw you took profit too soon, that is a loosing strategy for long run.
Entry based on KD cross is too lagging, I didn't buy Nexgen, but from the setup you posted, I really haven't found any valuable things of Nexgen.

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  #160 (permalink)
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Lot of charts



Trader Duck View Post
Here is a chart of some of the trades that can be found using the Nexgen Method. It is bar by bar chart marking that I'm doing. I am testing some new strategies that go beyond what Nexgen teaches. So far, I have over 100 days of bar by bar trading done. I am trading the first 2 hours of the market for each day. I'm averageing over 25 tics per hour with no losing days in the last 70 days. This is one of the better days with 154 tics on the EC in just 2 hours.


What timeframes do you use regularly? The slow stoch replaces MACBB?

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