I would like to see if anyone has seen Nexgens new software release the "Revolution" and what your thoughts towards there new software was.
http://www.nexgent3.com/blog/
Can you help answer these questions from other members on futures io?
You'll need to be patient until 2101. Chances are we'll be dead when it is released. They probably want to be up and running when Ninja 7 will release their final version
DarrenH, i took some time to see the video and i find the idea interesting in order to help the trader take a quick decision instead of being paralysed with too much analysis. Nonetheless, i consider it's a rehash of the same old indicators they have been using since the beginning. I would not give $15000 for a suite of indicators you can find here for $0.
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It is legitimate that somebody who sells something, wants your money. If you like the something more than your money, then you can purchase it.
The revolution seems to be some colors and a sort of dashboard to identify setups. Should not be difficult to implement that yourself.
Past customers who have made $$$ millions with this software, will certainly purchase the new release. But how many millionaires has Nexgen already produced?
A couple of years ago I started an unofficial Nexgen users group. It had roughly 50 enthusiastic members. After 2 years I know of only 3 people who both continue to use the software and are profitable with real money. In other words, about the same % of success one would expect from any approach.
Further, the 3 profitable traders are all critical of how Nexgen teaches their own method, i.e. they are not using the (ever changing) trade setups as taught.
And I agree with the comment above that virtually all indicators they use are either available free or easily coded.
From what I saw on the video, I would not expect that the success rate will change at all with the new software.
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