![]() Admittedly it took much longer than expected to achieve the very first automated Fibonacci Confluence Area. In August or September of 1997, I enlisted a friend who was a high-level programmer and we set out to automate this method. Having experienced selling software and knowing selling software was a great way to not only be involved in the trading business, it was a very lucrative way to make a living, I set out to automate the discretionary Fibonacci methodology. My hunger to learn everything possible about Fibonacci was ignited. My client told me he could accurately predict the turning points of a market before they got there. I had a client that day traded the S&P market using Fibonacci. When I was selling software for another investment firm. What gave you the idea for (what you do/your company)? How did it start? John runs a live day trading class Monday – Friday 9 am – Noon ET teaching traders to recognize the correct trading setups. According to, with his team of software programmers, they have automated this entire Fibonacci process and created a trading plan built around the software that is both powerful and easy to learn. He has devoted his adult life to the automation of the Fibonacci methodology. We wish you well and continued success and thank you for taking the time to send feedback.John Novak the CEO of Nexgen Software Services has been involved in the marketing and distribution of technical analysis software since 1996. ![]() To say you "smoked" us with your established plan after < 10 days of Nexgen use is simply fantastic! Great work! We love traders to be winners even if they chose to not become part of the Nexgen family after the 10-day free trial. and a VERY IMPORTANT part of not repeating mistakes for new users. New traders and new demos need this very much. Example to see the Sept 22nd classroom video ( 2 hours but it is a class). Not to cover up failures, just to illustrate to those new users that have not studied the "termination conditions at length" how they could do better. In class, one of the big things we do for new users is to cover reasons why some trades do not work. Also agree that discretionary trading is by its very definition subjective in nature, however Nexgen works hard to remove subjectivity from the method to the greatest extent possible. The software is 23 years established and admittedly, the third party Ninja Trader 8 vs 7 does have some bugs ( they have extensively reviewed some of our code and said they are working to resolve their issues) - out of our control- but a good point to know is that Nexgen's software DLL is identical for both ninja7 and 8 ( so are the trades & rules btw) so we hope they resolve these NT8 issues soon. We do pride ourselves on customer service so thank you again. They say repetition is the mother of perfection. After 23 years in business much of the video information we have produced can be redundant, even boring to established traders. I have personally stared work on "shortening" the videos and down to 32-min on the "main info video" this one video covers 90% of what a new trader needs to know from entry exit and management standpoints. Nexgen focuses heavily on "new traders" and helping those without an established consistent method incorporate a well rounded plan with live instruction that gives them a great chance at success. Reply from Nexgen Software Services 27 Sept 2020 Based on my experience I decided Nextgen wasn't for me. My answer and reason was that if it made trading simpler and more profitable then the monthly price tag might be worth it. My friend who uses Nexgen asked me why I was going to try it out before I even started the trial. I smoked them with results every day and my setups and rules are far easier to see and implement, at least for me. I followed their software and methods during class while running my own extremely simple and basic charts on separate screens. I personally know a trader that uses this product successfully and I'm sure there are others. Lots of variables and instructor can always fall back and point to plethora of rules that will support why trades didn't work out. Process and method, while being in line with classic technical analysis application is still subjective in interpretation. Currently crashes on Ninjatrader-8 regularly and is advised to install and run on older version Ninjatrader-7 until Ninjatrader fixes problem with platform software. What's not to like: - Software is complex, bloated, and a resource hog. Trade and risk management, spread sheet for tracking and reviewing trades, etc. Plenty of educational information and tools even if you don't purchase their product. What's to like: - Customer service is tops. Plan to spend some time to learn everything. The videos are around an hour to two hours each. I signed up for 10 day trial after watching several recommended preliminary instructional videos.
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