Nexgen

Hello out there. Been talking to a senior member about Fibonacci levels in trading ( don't understand at all), but he says you need a little knowledge of them to make good profitable trades.
Thats not my point, been reading through the nightmare that are Fibs and came accross a company called NEXGEN and thier product THE T-3 FIBS PROTRADER. anyone heard of it and if so, used it and does it aid in your trading.

Many thanks Kev.

PS. Im just learning the trading game so no big words please, keep it simple....thanks

I have the T-3 Fibs ProTrader software and i can sell my license for half price if someone wants

update

stylist said:

I have the T-3 Fibs ProTrader software and i can sell my license for half price if someone wants

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Did you sell your license yet? Why are you selling it? Did you make money using it?

Thanks

send me a email on nexgen t-3 [email protected]

Anyone using nexgen profitably? isit worth going for?

Thanks

Have you got any response on the Nexgen Software? .. Thanks

I am able to talk about the concepts and technique in nexgen

futuresmaster10 said:

I am able to talk about the concepts and technique in nexgen

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Isit worth looking at?

Your question is very general!

The answer is YES!
Going there will strat you on the right path!

The issue is:
1) Cost for the software.
2) Cost for the training.

The concepts are definitely valid.
However, I think that depends on what instrument you are planning to trade.

The training is more or less per the book.
In my opinion that is somewhat substandard!

There are a few holes in what they don't teach you!

But, consider the basic concepts of what is necessary in a trading system.
1) Ability to determine target areas.
2) ability to see how much gas is in the market to go to those target areas.
3) Use of a minimal stop loss relative to possible profit.

Nexgen supports all three.
However, It is dependent on you to do tons of homework to develop your vision on how to read the indicators.

The issue is in the ability to bring multiple time-frames into consideration when trading.
Hope that helps!
Although, I haven't check to see if thier training has changed lately.
But, I don't think it has!
There are probably many people with bad experiences.
But, what you need to understand is 2 things.
Many people buy the software thinking they can start making money tomorrow.
It really takes lots of time for the techniques to sink in!
It takes much longer when someone is giving you substandard training or not feeding you every thing you need to grow!
Also, I have read on this WEB site that some seem to think anyone can learn from a book what they might learn from a coach. I believe it's probablly hard to find a coach who can teach you everything. But, I know for sure that the average person will just be growing old reading books and still trying to figure it out while losing money in the markets!

Cheers

Also note that in my reply, I am simply saying there is plenty validity into what they are doing.
I also don't think it is in my beneficial interest to point out exactly were the gaps are!
But, the software definitely requires plenty of study as I might put it, even tough their web site might make it seem easy.
I also know there were some exceptional people making tons of money using the software that did put in the time but also had previous experience in the markets.!
Cheers again!

Nexgen Software

futuresmaster10 said:

I am able to talk about the concepts and technique in nexgen

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How successful have you been with Nexgen? How does it compare to others that you have used? What is your favorite?
I tried it on a trial and it seems difficult to follow and anticipate. It is very expensive and wondered if it is really worth it.

My license is for sale if anyone is interested, I know the software is second to none, however I just don't have the time to stay on top of it. Send me a message if you are interested.

Jocc_hou said:

My license is for sale if anyone is interested, I know the software is second to none, however I just don't have the time to stay on top of it. Send me a message if you are interested.

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How long have you had Nexgen? What is the least you will take for it?

MarWell said:

How long have you had Nexgen? What is the least you will take for it?

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I've had it for more than a year, I'll PM you

futuresmaster10 said:

Also note that in my reply, I am simply saying there is plenty validity into what they are doing.
I also don't think it is in my beneficial interest to point out exactly were the gaps are!
But, the software definitely requires plenty of study as I might put it, even tough their web site might make it seem easy.
I also know there were some exceptional people making tons of money using the software that did put in the time but also had previous experience in the markets.!
Cheers again!

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I visited their trading room for a public presentation and had a close look at their trading methods:

(1) I think it is a valid and professional approach to trading. It may suit you or it may not.

(2) Most of their effort goes into selling and marketing the product as well as running their trading rooms.

(3) The product is completely overpriced.


This is what I found:

Their unique selling proposition is fibonacci confluence areas. This is difficult to reproduce, but not impossible. I have coded this for myself (as an add-on to NinjaTrader, was a lot of work to do this). My version is not identical to theirs (I am not a thief), so I have done my own statistical evaluation to determine the weights of the various fib lines which add up to confluence zones. This is the only piece of their software that is not available for free elsewhere.

The trading system is mainly built around MACD BB-Lines (fib lines are only slightly improving the system). MACD BB-Lines are pretty standard and available for free on many forums.

The small and larger trigger lines are just filters. Take a linear regression indicator displaced by 3 or 4 bars and use 2 different periods and you get the same thing. There are other trend filters you can add ad libitum.

The enveloppe can be built from a Keltner channel around a smoothed moving average.

To summarize, with the exception of the fib confluence areas they put up-front, there is nothing special I noticed. The whole thing can be improved by using volume analysis / anchored VWMA.

If anybody is interested to further discuss the concepts, please let me know. To have a look at more details follow the link to Nexgen's user guide:

http://www.nexgent3.com/file uploads/Nexgen Software Services December 2009 user guide.pdf

The idea behind Nexgen is very solid. There are systems that are profitable with MACD-BB only, therefore, the addition of the fib areas makes things even better.
Ready made fibonacci confluence indicators are also availble from feargread.com and markpkex.com and maybe from Suri Dudela.

the info Im posting may be 3 years old. I had a friend who broke the nexgen codes and they were very simple and were just basicly calculation using mas. Im sure its improved since then,but is it really worth the money. There is no software imo that is really better than a basic data feed. I say this with confidence because even if it was great you still have to pull the trigger and manage the trades.

I have a Nexgen T-3 license for sale.I am unable to use it as I trade for a Canadian brokerage firm and am restricted from having other accounts.I can be reached at [email protected]

brownie50 said:

I have a Nexgen T-3 license for sale.I am unable to use it as I trade for a Canadian brokerage firm and am restricted from having other accounts.I can be reached at [email protected]

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Thank you for your interest. However I am no longer interested in Nexgen software. I am trying to remove my inquire from Trade 2 Win.

Thank you for your interest. However I am no longer interested in Nexgen software. I am trying to remove my inquire from Trade 2 Win.