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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.
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.
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.
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.
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.
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.