How Do I Get Started?

Choose the right evaluation for your personal risk tolerance and financial objectives. Please see the user guide to get started. https://nexgen-software-services.gitbook.io/nexgen-pro-trader-funding/general/registration-and-getting-started

Pay particular attention to the daily loss limits and drawdown maximums. These are going to affect your long-term stability.vNexgen allows more drawdowns and more losses per day, along with “end of trade” static drawdowns vs. open equity high drawdowns. Nexgen Protrader Funding wants its traders to win and will try to provide every assistance possible.

Explain The Different Drawdowns

Drawdown is a point of equity high to a lower point of equity high. More info here. https://nexgen-software-services.gitbook.io/nexgen-pro-trader-funding/evaluations/draw-down-explained

Nexgen ProTrader Funding only uses a “STATIC” trailing drawdown. This type of DD will only count a closed-out WIN or LOSS against your drawdown. For example, if you close out a trade for “any profit” over 1 dollar, you have zero drawdown. If a trade loses $300, you have a $300 drawdown. This is MUCH easier for new traders, which is why Nexgen Traders benefit from this type of evaluation.

Other firms love using the worst type of drawdown during evaluations, or worse, live accounts, which is using “open equity highs” during a trade as the peak equity from which to calculate the drawdown, which you should AVOID AT ALL COSTS!

How Do I Get Paid?

First, you must complete the evaluation by trading the required days, hitting your profit objective, and not hitting daily or max drawdown limits.

Your account goes from a simulation to a live simulation environment. From here, trade your plan. Anything you make up to the first $12,500 will be yours via Nexgen’s payout schedule, which is specific for each type of plan. Nexgen’s payout schedule rules.  Click here for payout requirements. https://nexgen-software-services.gitbook.io/nexgen-pro-trader-funding/funded/payouts

When Do I Get My Log-In Info?

You will get your login information through our automated system once you have completed your evaluation selection and paid for it. Usually, this process takes 2-10 minutes during the trading week.  Here is the step-by-step process. https://nexgen-software-services.gitbook.io/nexgen-pro-trader-funding/general/registration-and-getting-started

Please note that any NEW evaluation plan for a new user purchased between 5 p.m. ET on Friday and 5 p.m. ET on Sunday will receive log-in information when CQG maintenance is complete, before 6 pm ET Sunday night.

Is Nexgen Software Needed?

You DO NOT need to own or lease Nexgen’s software to do a trading evaluation.

We expect that MOST traders out there already have their methods and know how to trade. We simply make Nexgen’s trading software and trading plan available to our Funding clients if they need a method and plan or maybe wish to enhance their trading.

Using Your Own Trading Method

We expect that MOST traders out there already have their methods and know how to trade. While Nexgen Software Services, trains day traders and gives them the tools and education needed to become a winner, we know there is a million ways to make money in the market. We are looking to fund those traders who can reliably and consistently execute their trading plan. Our goal is to be your support system, and allow you to peek in at some of the education Nexgen Software Services offers which may help enhance your trading. Nexgen’s Discord is free for all, here you will find a mix of Funding traders and Nexgen traders who have upwards of 20+ years experience with our methods. We are ALL-IN on your success!

Nexgen Funding vs Nexgen Software

Nexgen Funding is a futures funding prop firm (proprietary trading firm) that provides capital to traders to trade futures contracts. After passing an evaluation and paying a small fee, Nexgen Funding allows traders to use the firm’s money to trade rather than risking their own capital.

Nexgen Software Services provides Fibonacci-based software that predicts market turning points. This software is combined with a specific trading plan and live trading education to fine-tune traders until they are successful. Nexgen Software has been in business for 27+ years. To learn more, visit the user guide at https://nexgen-software-services.gitbook.io/nexgens-software-day-trading-documentation

Can I Get A Trial Of Nexgen’s Software?

YES! Nexgen offers a free trial of our software, live educational room, and “traders chat” participation. Please visit https://nexgent3.com/landing2/ to learn more.

DO NOT Trade Over-Leveraged

If your car goes 160 MPH it doesn’t mean you should drive it that fast all the time! Leverage is a knife that cuts both ways. If you trade more contracts and you are winning you make more money. WE ALL LOVE MORE MONEY! Save it for when you go live! When doing evaluation accounts consistency is king. It is better to make 500-1000 per day and do it daily vs make big chunks one day, and lose big chunks the next. Depending on the TYPE OF DRAWDOWN you selected for your evaluation, your trading plan’s winning percentage and your ability to follow your plan you may choose to trade more or less contracts. Short version, most traders are better off trading small lots and being consistent.

TTFM – Take The Freaking Money!

For 27+ Years Nexgen Software has trained traders to TTFM – Take The Freaking Money! Nexgen also has predictive analysis that tells you exactly where that spot should be! Assuming you have a great trading method and a great plan for managing your trades, then taking profit when it presents itself, especially during the evaluation process is a great rule to add to your plan. Some will do it with fixed targets, some will do it with support and resistance, some will do it with moving averages or other indicators. We just want you to win and when you do the less expensive evaluations that have dynamic trailing drawdowns, you should think TTFM all day long!

Use Consistent Entry Rules!

Nothing will make trading more difficult than being inconsistent! For 27 years+ Nexgen Software has taught simple rules that can be made into a checklist. Here is an example https://app.screencast.com/b1HGIZIICCpCl
 
As you can see there are very specific trading rules for entry that can be made into a checklist. Every trader we have ever seen that has been successful has followed simple rules very consistently. If you do not have rules that are easy, please work on your plan or visit Nexgen’s Discord to learn the plan we teach.

Use Consistent Management Rules Daily!

After learning to be consistent in your entries, the management of the trade is where the money is won or lost. Consistent management rules will keep you from trading on emotion or hope. If XYZ happens, I will exit; I will hold on for more profit if ABC happens. All great traders have a very consistent trade management strategy in place. If you need help, study the Nexgen Software user guide; here, you may find some management techniques to enhance your plan. https://nexgen-software-services.gitbook.io/nexgen_user_guide/trade-management-techniques

How to Sign Up for Trading View?

Getting started with Trading View is as simple as navigating to their website, https://www.tradingview.com/, and clicking the “Sign Up” button in the upper right corner.
Enter your email address, choose a username and password, and complete the registration process. For the ENTIRE process A-Z, please follow these directions. https://nexgen-software-services.gitbook.io/nexgen-pro-trader-funding/general/registration-and-getting-started