After reading all the posts re: John Novak and Nexgen, I have come to the conclusion that this site is saturated with uninformed and completely clueless people when it comes to evaluating trading success and what it takes to succeed in this business.
I happen to be a user of Nexgen Software, now for over two years. Yes, it does have a learning curve, and no, it is not what I would call very simplistic. Anyone with the time and dedication can learn this software and do quite well financially, but this same trader also has to manage this new business as a business, as well as learn how to manage his emotions. Anyone not willing to put in the time and effort is not going to be successful with this software, nor with anything else that this person is trying to master.
What has happened with John Novak and CFTC is completely irrevelant and unimportant to what is happening in the here and now. The support offered by Nexgen is second to none, but each trader has to make himself available to receive this help. This means not trading live with real money until the indicators/software are well understood; it is quite evident to me that anyone losing their life's savings with this software was not doing what they suggested as far as their progression was concerned in learning the software; only trading live with real money makes sense after one has learned the software well, and losses will be expected if the time and effort are not put in to do this. Sure, losses will come with any software, and Nexgen is no exception to that rule, but following the steps that they have lined out for each user will most assuredly lead one onto a successful path, assuming that the trader follows the recommendations of the Nexgen support team.
My suspicion is that the posters on this forum are not successful traders, and will spend their lives looking for the Perfect Holy Grail. While Nexgen, as well as all other software programs out there, is no Holy Grail, it is pretty close to it....it requires time, experience, and the understanding that good things happen to those who want something bad enough.
So you guys quit bad mouthing John Novak and Nexgen, go on and do something constructive, or better yet, do something for yourself and get educated about Nexgen and get the software. If you do what they tell you to do, success will come.