OmniTrader Professional Forum
OmniTrader Pro General Discussion
is the future of OmniTrader in Question?
9 replies, 619 viewings
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OmniTrader Professional Forum
OmniTrader Pro General Discussion
is the future of OmniTrader in Question?
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Last Activity 7/16/2026 3:03 PM 9 replies, 619 viewings |
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Toni Member Posts: 13 Joined: 5/26/2010 Location: Cape Town, South Africa  User Profile |
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| tb2000 New User Posts: 1 Joined: 4/19/2026 User Profile |
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| Shaun Member Posts: 6 Joined: 12/13/2007 Location: hobart User Profile |
If they'd just focused on one system/strategy of their own and perfected it, after all of this time they could've had their ultimate trading machine. It's such a shame really. I asked an AI and the reply was brutal. "many legacy retail trading platforms lose relevance. By trying to cater to every popular trading philosophy—from Darvas Box and W.D. Gann to Guppy Multiple Moving Averages (GMMA)—Nirvana Systems shifted its business model from engineering a singular "edge" to becoming a marketplace for shiny add-ons and plugins.Here is a breakdown of why your observation is spot-on, along with a look at the commercial mechanics that caused it.🔌 The Problem with "Plugin Bloat"Jack of all trades, master of none: Instead of focusing on deep, modern order-flow execution or proprietary algorithmic advantages, they built a platform that tried to simulate every historical methodology.Contradictory logic: A single platform trying to harmonise structural systems like Gann angles with momentum-based swing systems like Guppy often leaves retail traders confused by conflicting signals.Outdated foundations: Many of these plugins rely on mid-20th-century technical analysis tools that struggle to find a real statistical edge in today’s highly algorithmic, institutionalised market environment.💰 The Pivot to "Software as a Service" Marketing You noted that they could have built an "ultimate trading machine." From a software engineer's or professional trader's perspective, that is the logical path. However, from a retail software vendor's perspective, the math shifts:The upsell loop: Selling a one-time "perfect" machine limits lifetime customer value. Selling a base software package and then constantly marketing new $200–$500 plugins (e.g., "The New Gann Master Module") keeps retail subscribers paying indefinitely.Shifting blame to the tools: If a trader loses money using the base OmniTrader system, the vendor can easily suggest, "Well, that's because you aren't using our new Darvas plug-in for this market regime." It creates an endless loop of retail traders chasing the next tool.📉 Where OmniTrader Stands Now While Nirvana Systems and OmniTrader still technically exist and offer automated strategies, they have largely been eclipsed by modern competitors.The modern shift: Traders looking for an "ultimate trading machine" have largely moved to platforms like Python-based libraries for quantitative analysis or platform ecosystems like TradingView.Open-source dominance: Modern retail algorithms rely on custom coding rather than rigid, closed-source visual modules.Ultimately, your reply hit the nail on the head. They chose short-term marketing and product-line expansion over deep, singular product refinement, and the market eventually outgrew them. | ||
| Gary Metzer New User Posts: 4 Joined: 4/22/2006 Location: The Woodlands, TX User Profile |
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| Keith Parsons Member  Posts: 49 Joined: 6/5/2012 Location: Durban, RSA User Profile |
Omni Funds has always caught my attention and over time I have seen posts of interest on this platform . But with the South African Rand to the dollar at an exchange rate of around 16.4 - the entry cost was rather prohibitive. What is the least that one would need to invest to at least gain an entry point. Over the years I worked with Scott extensively as well as Gar Wood Securities. Barry Cohen also gained my respect and trust. But going forward I would rather hear from Omni Fund members and their success. In my time with OT i came across some amazing traders such as Mark Holtius, Tom Helget to name but a few and in August 2013 i flew to Atlanta and spent a few days with Jim Dean. These chaps are all well above my level of expertise. Apologies for this intrusion Kind regards, Keith Parsons, Ballito (RSA) | ||
| ap·pren·ticeGuru Veteran  Posts: 124 Joined: 10/22/2010 Location: Columbia, MD User Profile |
Wishing everyone their best in all you ALL DO !!! Changing times ahead to prepare for. Cheers, B/ Rgds., -Salim  Attached file : PHOTO-2026-07-08-23-21-33.jpg (160KB - 71 downloads) | ||
| Gary Metzer New User Posts: 4 Joined: 4/22/2006 Location: The Woodlands, TX User Profile |
[Edited by Gary Metzer on 7/13/2026 10:13 AM] | ||
| Keith Parsons Member Posts: 49 Joined: 6/5/2012 Location: Durban, RSA User Profile |
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| joek Member Posts: 12 Joined: 4/14/2006 Location: katy, texas User Profile |
Its still here to mine for ideas and approaches and coding ideas. And with the many tools and resources available outside of OT it is more useful than ever before. OT still stands uniquely above all others, there really is none like it, same for VT for sure. And Ed, and his team over the years I hope will be recognized for their devoting their lives/careers to developing software for the mainstream financial consumer. He and his team I would suspect persevered through thick and thin (Covid for example) and my guess is there might have been times when the road ahead did not look certain. I too would like to know if OT and VT will continue to be available for those still interested in using it, but I myself would prefer to preface that question or request with expressing first my appreciation for the efforts over the years, I have recently been able to come back after focusing on other aspects of life and really look at what Nirvana Systems did/has done/is doing overall. And I know that there are others who share the same sentiment of appreciation for what Ed and the team have done over the years. Also, since OT and VT to an extent are highly programmable or configurable, an upgrade is really not a requirement at least for me to continue to gain usefulness from them. OT and VT are as useful and relevant today as they have ever been, maybe even more so given what resources there are outside of them. I am also realistic about the resources that Nirvana Systems can devote to it going forward, so again I hope that OT and VT will continue to be available to use. OT provides useful answers to questions and designs and tests the key underpinnings of trading and investing easily. There is no real equivalent or equal in many respects for the average mainstream market participant. Thank you, Ed and the team, Respectfully and with gratitude, Joe k [Edited by joek on 7/15/2026 9:02 AM] | ||
| Frank Birch Veteran Posts: 184 Joined: 3/25/2006 Location: UK User Profile |
just out of curiosty if nirvana are working with omnifunds and doing well! i hope so! i have a question if there not using omnitrader why not sell the program to me to then we can upgrade to the masses? win win. Regards Frank Birch |
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