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NexGen indicators and review (www.nexgent3.com)


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NexGen indicators and review (www.nexgent3.com)

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  #201 (permalink)
 buddy858 
Mandeville, LA
 
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Fat Tails View Post
[/B]


Modified Keltner using an EMA as a CenterLine with Period 55 and ATR 3.

Downloads - NinjaTrader 7 Indicators - Keltner Universal V4 - Big Mike's Trading Forum

I think maybe they used to have the ATR set to 3 when they were using tick charts, but they now set the ATR for the EMA 55 Keltner channel to 3.5 rather than 3. I just wanted to make that clarification in case someone is trying to replicate the system as it is currently being sold and taught.

Best,

Daniel

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  #202 (permalink)
 Fat Tails 
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buddy858 View Post
I think maybe they used to have the ATR set to 3 when they were using tick charts, but they now set the ATR for the EMA 55 Keltner channel to 3.5 rather than 3. I just wanted to make that clarification in case someone is trying to replicate the system as it is currently being sold and taught.

Best,

Daniel

This really depends on the bar type used. Let us take three different bar types: a Better Renko, Renko-Hybrid and Kase bars. Then you will find the following:

Reversal Size:

A 4-BetterRenko bar has a similar sensitivity to reversals as a 6-RenkoHybrid and a 9-Kase bar. Or otherwise put, for a given bar size (range or true range) Kase bars react to smaller reversals than RenkoHybrid bars, which in term are more sensitive to reversals than Renko bars.

Directional Price Action:

When the market is perfectly trending, Renko-Hybrid and Renko-Spectrum bars still show an overlap. This means that those bars are oversized relative to price action, if you compare them to other bars. You would therefore need to reduce the multiplier applied to the bar range to calculate your Keltner Channels, and you are back to 3.

I would not try to exactly replicate the Nexgen system. There are numerous approaches possible, which are based on a similar logic

-> identify trend (slope of regression line, price versus regression line, price versus midband)
-> identify support and resistance (fib lines, pivots, etc.)
-> identify overbought and oversold conditions (Keltner Channel)

Then wait for a consolidation within an established trend and enter when price resumes in the direction of the original trend and nothing is in the way of the price move.

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  #203 (permalink)
 buddy858 
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Fat Tails View Post
Keltner Channel -> CenterLine is EMA(55), ATR(55) uses exponential smoothing, bands use multiplier of 3.5

Ok, I see here you wrote they use a multiplier of 3.5. I guess I should have continued reading through the thread before commenting on your previous post. Apologies.

D.

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  #204 (permalink)
 buddy858 
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Trader Duck View Post
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.

The LOM is actually based on a CCI overbought/oversold. Nothing special. Basically, if there's a close on the opposite side of the Small triggers near the Outer Band or beyond (EMAkeltner channel 55 with multiplier of 3.5) it will plot LOM...

D.

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  #205 (permalink)
 buddy858 
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Fat Tails View Post
This really depends on the bar type used.

I thought that might be the case. Thank you very much for this explanation.

D.

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  #206 (permalink)
 Goldentrader 
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I studied too many systems and indicators for over 15 years and I can say now that I earned a lot of experience. Personally, I am an Elliottician in philosophy. I crossed with NexGen through a friend of mine 3 years ago and I studied it carefully. I managed to reproduce quite well all of its indicators except the most valuable (my opinion) which is the Fibonacci levels of support and resistance. As far as I know these levels are clusters from 10 time intervals so it is not an easy task to reproduce them correctly. Yes, the software is very expensive and also the marketing tactic of the company is not friendly enough with new and old also users. Nevertheless, I believe that the value of the toolbox (which Fibos are the main weapon of it) worths the money, the time and the effort for someone who is serious about trading. It needs to invest to it hunderds of hours to understand the ''set-ups'' and the philosophy behind them. Note that I do not like the semi-auto version of Revolution although the Renko bars are interesting. I prefer the old-fashioned version of T-3 at Tradestation which gives a lot of freedom to a well-trained trader to follow the set-ups and also his/hers instict of the trader. Surely, it is not something that it is plug and play after 1-2 hours of reading. But I believe it worths the (admitable the high price) money for someone who is willing to invest to it a lot (and I mean A LOT) of time and effort.

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  #207 (permalink)
 dk27 
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If the fibs is the main missing weapon, you can get excellent Fib cluster indicator from Fat Tails.




Goldentrader View Post
I studied too many systems and indicators for over 15 years and I can say now that I earned a lot of experience. Personally, I am an Elliottician in philosophy. I crossed with NexGen through a friend of mine 3 years ago and I studied it carefully. I managed to reproduce quite well all of its indicators except the most valuable (my opinion) which is the Fibonacci levels of support and resistance. As far as I know these levels are clusters from 10 time intervals so it is not an easy task to reproduce them correctly. Yes, the software is very expensive and also the marketing tactic of the company is not friendly enough with new and old also users. Nevertheless, I believe that the value of the toolbox (which Fibos are the main weapon of it) worths the money, the time and the effort for someone who is serious about trading. It needs to invest to it hunderds of hours to understand the ''set-ups'' and the philosophy behind them. Note that I do not like the semi-auto version of Revolution although the Renko bars are interesting. I prefer the old-fashioned version of T-3 at Tradestation which gives a lot of freedom to a well-trained trader to follow the set-ups and also his/hers instict of the trader. Surely, it is not something that it is plug and play after 1-2 hours of reading. But I believe it worths the (admitable the high price) money for someone who is willing to invest to it a lot (and I mean A LOT) of time and effort.


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  #208 (permalink)
 mjwfinc 
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I have the T3 Software and I started using Renko bars and after some observation find that
its quite good - esp trades at the Fib levels - I dont know about revolution though
thanks:
pcguru:

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  #209 (permalink)
 mjwfinc 
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I ve used the RENKO platform too, its good but need to adjust to the settings for instrument
being traded as for some Instruments the charts are too fast..... also I don't know about their
new releases - Evolution etc

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  #210 (permalink)
 Magiklair 
Alexandria, Minnesota
 
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Their software may work great. But after reading this thread.
Nexgen fraudsters | Elite Trader
I decided to pass..

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  #211 (permalink)
 SpyderTrader 
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I took a trial with these guys, I didn't like having to screenshare while the connected to my computer and installed a whole bunch of stuff...I thought that was odd.

Additionally, there were so many indicators loaded into their template that it looked like a plate of spaghetti and meatballs.

I completely disagree with their theory that you need that many indicators to generate a signal...its simply not necessary.

Around 5% move the market. 10% try to follow the 5%. The rest provide liquidity.
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  #212 (permalink)
 SpyderTrader 
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I have received multiple "promotional" emails almost every week last month...so these guys must have started a new marketing campaign lol.
Anyone take their free trial?
Curious on your thoughts if it has helped your trading or not.

Around 5% move the market. 10% try to follow the 5%. The rest provide liquidity.
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  #213 (permalink)
 Magiklair 
Alexandria, Minnesota
 
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SpyderTrader View Post
I have received multiple "promotional" emails almost every week last month...so these guys must have started a new marketing campaign lol.
Anyone take their free trial?
Curious on your thoughts if it has helped your trading or not.

I signed up for a trial
Then I read, Nexgen fraudsters | Elite Trader

They were relentless with both phone and emails. I replied to the email saying not interested. They continued with phone calls until I called them back. They must not read their emails.

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  #214 (permalink)
 traderfranco 
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Hi,

Is there anybody who purchased Nexgen T3, and it's not satisfied and would like to transfer Nexgen software license for me?

Tks

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  #215 (permalink)
 Cloudy 
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tradingschools.org's review showed the CFTC and NFA enforcement and fines against NexGen fraud which turned out to have a 20 year history


Nexgen Software - Trading Schools.Org

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  #216 (permalink)
 Forexoil 
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i took a trial with them years ago. Devious imo

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  #217 (permalink)
 forgiven 
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so if there are any users of the software and training that were green in 30 days and now live in Saint Kits please share with us the wonderful thrill ride

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  #218 (permalink)
 forgiven 
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Forexoil View Post
i took a trial with them years ago. Devious imo

they will demo it with you and answer questions. 6500 to 8500 no trail..if the free trail is gone you must move on..give us 6500 trust us ..

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  #219 (permalink)
 SpyderTrader 
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Weren't these guys hit with a giant fine from the CFTC?

If anyone has an update on that, please share.

Or if the owner (John) and his leaches...I mean...his kids...can comment that would be great.

Around 5% move the market. 10% try to follow the 5%. The rest provide liquidity.
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  #220 (permalink)
 dk27 
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I am sure everyone would love to see claim of 33% day to be backed with appropriate broker statements.


dawntrader View Post
I have been using the software for 9 years. It's really the best and it really does work. I made about 33 percent today with 38.11 profit factor and 86% accuracy (lost one trade). It has proven itself to me over and over---but it isn't everything that you need to have in your toolbox. Besides experience, you need a few more tools in combination, IMHO. Have you already spoken to Nexgen? If not I can save you about 5 to 10k.


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  #221 (permalink)
 matthew28 
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Five posts today by dawntrader promoting nexgen and offering to sell discount licences.
I would have thought a trading master who has been using the software for nine years and makes double digit daily returns would be okay for cash?

Trading, ideally structured, is a vehicle for expanding consciousness, not damaging it. - Brett Steenbarger
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  #222 (permalink)
 dk27 
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Then you are doing much better than the owner of NexGen, he would find every excuse in the world not to provide any statements.


dawntrader View Post
If someone can benefit by using the program which you seem to know nothing about, then I can provide a license.

[See Attachment per your request]

Profit factor is most important (even more than the money for long-term consistency) It means for every dollar lost ($282) $38.11 were made. Or, in other words 282 X 38.11 = $10,747 profit today. Itís more important than even accuracy. It conveys the risk to reward the best.


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  #223 (permalink)
 forgiven 
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dawntrader View Post
If you have a good knowledge of fibonacci, and you want an edge, after 9 years of using the program, I find it is a great tool for turning points and places where momentum may shift.

there is a good reason for not having a tree trail. send us thousands we got the grail. i will leave to the readers of this post if they think that is true or not. as for me i do not think a word of it is true. buyer be ware

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  #224 (permalink)
 forgiven 
Fletcher NC
 
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dawntrader View Post
It is your loss. I don't know what else i can do except post one more thing. See attachment. Nexgen is a great tool. If you choose to besmirch it or it's people because the price is too high, then you probably shouldn't be trading. ATTACHMENT ADDED PAGE 23...actual individual trades per the existing documented uploads. Annotated red squares are shorts and green circles are the exit (buys).

there getting bashed for not having a free trail, if people want another view ...go to internet and trade school.org take a look at what other are saying. it is not so good it is ugly.

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  #225 (permalink)
 forgiven 
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dawntrader View Post
It's not what people who take trials say, it is what experience says. 9 years experience with the product (NEXGEN) vs. people who take trials and probably got put off by the price.

or you a mask vendor, you do not act like a regular member ...i have said all i am going to ..lola sales must have slowed down

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  #226 (permalink)
 saikodi 
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dawntrader View Post
Don't be an ass. I am not a mask vendor. I can't sell my own license to someone who wants it if I am a vendor of Nexgen. In fact, I can't sell it to ANYONE who has already been talking with them. Be smarter in your cynicism. And, I have purchased 8 licenses for 8 computers. I use less than that now, so, I'm just trying to make an offer---you don't have to accept, but you also don't get to put down what you do not understand and not get a retort. I provided evidence. You don't want to accept it, that is your choice.

After hearing a lot about Nexgen, I decided to try their demo for 2 weeks. Just joined today. Obviously didnt see any trades executed today but looking at what they have, it looks pretty good to me. I kind of follow a similar trading methodology. Essentially its about joining the trend on pullbacks / retracements. There is absolutely nothing wrong with it.

Lets see how the 2 week trial goes. I am going to attend the live education room religiously every single day for the next 2 weeks and then decide what to do. But I must say based on the video content and and my interaction with them today, am very impressed. I will post an update at the end of this week.

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  #227 (permalink)
 pfsthib 
Sulphur, LA USA
 
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saikodi View Post
After hearing a lot about Nexgen, I decided to try their demo for 2 weeks. Just joined today. Obviously didnt see any trades executed today but looking at what they have, it looks pretty good to me. I kind of follow a similar trading methodology. Essentially its about joining the trend on pullbacks / retracements. There is absolutely nothing wrong with it.



Lets see how the 2 week trial goes. I am going to attend the live education room religiously every single day for the next 2 weeks and then decide what to do. But I must say based on the video content and and my interaction with them today, am very impressed. I will post an update at the end of this week.



How did the demo go?


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  #228 (permalink)
 saikodi 
Seattle WA/USA
 
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pfsthib View Post
How did the demo go?


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So yes I tried the demo for 1.5 weeks. I did see potential in the system. Its an enhanced version of what I currently use. I primarily trade based off fibs and support / resistance. Nexgen's system is more enhanced because it provides the exact information I need from multiple time frames on the same chart. So I was definitely impressed by it.

However 6 business days is not really sufficient to understand the system and the potential problems it can possibly have. So I decided to lease the software for 8 months for a hefty price. :-) So as of 4/13/2019 my lease started and am evaluating it further.

I have an initial impression of it which is both good and bad. I am still trying to understand the system and it will take me a few more days - perhaps an additional month. I will post a more detailed analysis here later.

But as of now I can definitely say that it costs a shit load of $$ for what it really is. If I had the time, I could have implemented something like it myself in NT. And trust me its not that difficult.

One thing I really hate about their system right out of the bat - its not easily accessible from your own custom indicators or strategies. If someone were to pay 18K for a system and they still cant own it completely, I dont see a point. :-)

Of course, in this age there is nothing in this world that cant be hacked. :-) But it requires some effort. So reading the values from the charts and doing reverse engineering just so you can use the software in your custom strategies requires some effort but things are working and am happy with that. But it took me a lot of time and effort to get them extracted.

Anyways, will post more later.

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  #229 (permalink)
 barabas 
Chicago IL USA
 
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saikodi View Post
So yes I tried the demo for 1.5 weeks. I did see potential in the system. Its an enhanced version of what I currently use. I primarily trade based off fibs and support / resistance. Nexgen's system is more enhanced because it provides the exact information I need from multiple time frames on the same chart. So I was definitely impressed by it.

However 6 business days is not really sufficient to understand the system and the potential problems it can possibly have. So I decided to lease the software for 8 months for a hefty price. :-) So as of 4/13/2019 my lease started and am evaluating it further.

I have an initial impression of it which is both good and bad. I am still trying to understand the system and it will take me a few more days - perhaps an additional month. I will post a more detailed analysis here later.

But as of now I can definitely say that it costs a shit load of $$ for what it really is. If I had the time, I could have implemented something like it myself in NT. And trust me its not that difficult.

One thing I really hate about their system right out of the bat - its not easily accessible from your own custom indicators or strategies. If someone were to pay 18K for a system and they still cant own it completely, I dont see a point. :-)

Of course, in this age there is nothing in this world that cant be hacked. :-) But it requires some effort. So reading the values from the charts and doing reverse engineering just so you can use the software in your custom strategies requires some effort but things are working and am happy with that. But it took me a lot of time and effort to get them extracted.

Anyways, will post more later.

How much did the lease cost?

Looking to hear from you

Best of luck!

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  #230 (permalink)
 saikodi 
Seattle WA/USA
 
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barabas View Post
How much did the lease cost?

Looking to hear from you

Best of luck!

Sent you a PM with the details.

Thanks for the wishes. I have something that is running as of this morning... Still more work to do.

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  #231 (permalink)
 Sazon 
Roswell, GA
 
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saikodi View Post
So yes I tried the demo for 1.5 weeks. I did see potential in the system. Its an enhanced version of what I currently use. I primarily trade based off fibs and support / resistance. Nexgen's system is more enhanced because it provides the exact information I need from multiple time frames on the same chart. So I was definitely impressed by it.

However 6 business days is not really sufficient to understand the system and the potential problems it can possibly have. So I decided to lease the software for 8 months for a hefty price. :-) So as of 4/13/2019 my lease started and am evaluating it further.

I have an initial impression of it which is both good and bad. I am still trying to understand the system and it will take me a few more days - perhaps an additional month. I will post a more detailed analysis here later.

But as of now I can definitely say that it costs a shit load of $$ for what it really is. If I had the time, I could have implemented something like it myself in NT. And trust me its not that difficult.

One thing I really hate about their system right out of the bat - its not easily accessible from your own custom indicators or strategies. If someone were to pay 18K for a system and they still cant own it completely, I dont see a point. :-)

Of course, in this age there is nothing in this world that cant be hacked. :-) But it requires some effort. So reading the values from the charts and doing reverse engineering just so you can use the software in your custom strategies requires some effort but things are working and am happy with that. But it took me a lot of time and effort to get them extracted.

Anyways, will post more later.

I remember back in 2005-2006 timeframe I leased NexGen for $2,000 per month when I didn't know s%^@t about trading while he and his wife drove around in his and hers lamborghinis or was it ferrari's..I can't seem to remember I see that he's still selling that snakeoil.

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futures io Trading Community Trading Reviews and Vendors > NexGen indicators and review (www.nexgent3.com)


Last Updated on May 2, 2019


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