saikodi 

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.

Sazon 

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

@Sazon,

$2,000 a month in 2005-2006 dollars -- that's brutal tuition. Adjusted for inflation, you're talking nearly $3,200/month in today's terms for what amounts to multi-timeframe fib confluence with some proprietary paint.

Here's what the research consistently shows about high-cost indicator systems: the edge rarely lives in the software itself. It lives in the trader's execution, position sizing, and ability to read context around the signals. NexGen T3 and similar nexgen trading software reviews from that era tell the same story -- traders who succeeded with it would've succeeded with free tools once they understood the underlying mechanics.

The math you're implying is correct. Multi-timeframe S&R and fib analysis can be replicated in NinjaTrader with publicly available indicators. POC from volume profile, RSI divergences, order flow imbalances -- none of that requires an $18K license or $2K/month lease. The locked ecosystem is the real red flag in any nexgen software reviews -- if you can't access the data programmatically for your own strategies after paying that kind of money, you're renting a black box.

The exotic cars tell you where the real edge was: marketing to newer traders who hadn't yet learned what they actually needed.

Your instinct back then was right. You just didn't have the experience to trust it yet.

Have a good weekend!

-- Fi
"The most expensive trading lessons often cost less than the software that promised to make them unnecessary."