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Trust score
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Pros 👍🏻
- TradingView Platform
- Manual Trading System
- Technical Indicators
- Trader Dashboard
- Signal Alerts
- Market Scanners
- Any Trading Instrument
- Any Chart Time Frame
- Full Support
Cons 👎🏻
- Takes Time To Learn How To Use
- Not Ideal For Beginners
- Requires Some User Initiative
Overview
Lux Algo can be used by both beginner and advanced traders. It is user friendly and includes setup instructions with trade examples for clarity on how to use it as the developer intended.
Lux Algo is a vendor that provides advanced charts, indicators and signals for Tradingview users. Luxalgo targets the creation of an all-embracing set of technical tools that traders could use on the TradingView platform by its users.
With the constant evolution of the financial market and the tech industry, traders and investors need an updated toolkit to execute smart trades. For this reason, Luxalgo has created toolkits that can enhance traders’ experience on the tradingview platform and discord.
Lux Algo targets making charts-monitoring so easy for its users by making their tools usable on any device and fine-tuning the charts for all markets available on the Trading View platform.
The carefully crafted toolkits developed by Luxalgo can spot a pattern formation automatically, signals for buying and selling, moves made by institutional traders, etc.
Luxalgo has a vivid community on Discord with over 50000 members. The investors and traders on this server can access relevant updates, signals, and automatic alerts.
How does Luxalgo work?
A user can choose any of the available plans. Once that is done, he can sign up. After signing up, a mail will be sent to the user from where he can connect his TradingView and discord accounts. Alex Pierrefeu is the developer behind the project.
The software works with numerous markets such as the foreign exchange market, stock market, and indices market. Users can trade with different timeframes ranging from one minute to one week.
Once an account is connect to a tradingview account, users can access the tradingview charts. Any tradingview plan, even the basic plan, can connect with the Luxalgo software.
Luxalgo premium indicators
A key indicator Luxalgo provides is the Lux Algo Premium indicator. With the Lux Algo Premium indicator, Luxalgo targets to help each user make an informed decision when trading by delivering all helpful information.
Is Lux Algo Safe and Trustworthy?
If you’ve been around these internet shores for a long time, you most definitely understand that there are a lot of platforms and software that are created to dupe innocent users. As an online trader, you of course do not want to fall victim to such scams, so the first question that you’ll ask is; is Lux Algo safe and trustworthy?
As far as Lux Algo is concerned, we’ve done unbiased due diligence and review and can assure you that this system is safe and trustworthy. This, however, doesn’t mean that using it guarantees profits. Instead, it gives you trading signals that not only make your work easier when analyzing trading charts but also improve your chances of making profits.
Additionally, Lux Algo has a rating of 4.3 on Trustpilot after 225 reviews which is an indication that it’s safe to use this system. Again, you’ve probably gone through various Lux Algo reviews and we bet you’ve not come across the software being associated with anything malicious or suspicious.
More importantly, more than 50,000 traders place their trust in this software.
Lux Algo Price and Trial
Another important thing to consider when pondering whether or not to use Lux Algo is its pricing. Of course, you shouldn’t expect such a platform to come for free. It means there is no way for the Lux Algo indicator free download. This system offers an all-inclusive membership plan that allows you to access all the features of the system once you make the payment.
After purchasing an all-inclusive subscription, you receive an email with a link to instantly access the premium suite of 3 powerful indicators on TradingView.
They also offer automated trading signals, optimization, and a community experience with lifelong updates in the VIP section of the Discord server.
Pricing is available in three different packages namely monthly, quarterly, and yearly. This will cost you $67.99, $143.97, and $489.99 respectively. You can get discounts on monthly and yearly subscriptions while you can also cancel your subscription at any time.
As far as refunds are concerned, the system gives you a 30-day trial period under which you can receive a full refund if the system doesn’t work for you. You, however, have to keep in mind that Lux Algo has a clear no-refund policy after the free-trial period.
Features
- It displays buy and sell signals.
- It has two methodologies which are Confirmation Signals and Contrarian Signals.
- Users can select which signal to be displayed to suit their trading style.
- Traders can choose a comprehensive option of settings based on their needs.
- An Auto Pilot Confirmation Signal Setting option allows a signal algorithm to self-adjust based on the market moves.
- There are four different ways support and resistance levels plott automatically.
- Users can set two take profit points and two stop-loss points.
- In addition to the confirmation and contrarian signals, users can use other technical indicators on the chart.
- Users can set colors for each candle, and some of these candles are based on contrarian and confirmation signals.
- The dashboard displays important information and data that can be used alongside signals and indicators.
- There are in-built alert conditions with the Luxalgo premium indicators.
Lux Oscillator premium
This is a complete package oscillator that contains some other four oscillators. These four oscillators are below:
Legacy
Using the stochastic and moving averages, this oscillator guarantees earliness and accuracy.
It has two colors that can help determine an uptrend and a downtrend.
Classic
Using the intersection between the oversold and overbought points, and the oscillator, the classic indicator reveals a point of divergence and a fact where there is a likely trend reversal.
There are two alerts on this oscillator. The Classic Oscillator Buy is triggered when the oversold zone goes below the oscillator. The Classic Oscillator Sell is triggered when the oscillator goes above the overbought zone.
Advanced
This oscillator gives a trader multiple information which could be acted upon. Some of the information that traders could get from this indicator are an estimate of an adaptive cycle or trend, a divergence, an estimate of actions taken by institutions.
This oscillator has 3 elements: main oscillator, cycle oscillator, and institutional movement.
Normalized
This oscillator adapts to different market price variables, and it is in a range between zero and a hundred. It bases its calculations on the confirmation signal. Traders can use it to detect an uptrend and a downtrend.
Lux Statistic Premium
This is a set of tools that include 3 indicators to help traders make forecasts.
Features
👉 Pivot oscillator
This oscillator can be used to forecast a point that can likely be a top or a bottom.
👉 Lux Volatility
This indicator measures how volatile a market is at a time to make it easy to interpret.
👉 Institutional Activity
This indicator reveals the volume of activities by institutions.
With this indicator, traders can expect information to affect a market movement and make necessary adjustments.
Discord features
VIP Resources
VIP members can get their information from the VIP Announcement channel.
A VIP Guide channel can help VIP members understand the VIP discord channel.
VIP members can set the alerts they want for individual markets. Members can do this on the View-Scanners channel.
VIP Trading Hub
VIP members can get answers to questions, engage in various discussions, and share different trading ideas on the VIP Hangout channel.
There is a Crypto Chat channel where discussion about the cryptocurrency markets holds.
Another Forex chat channel is accessible for VIP members where discussions about the forex market are held.
There is a Stock Chat channel for the VIP members where discussions hold about the stock markets.
VIP members can also chat about the futures market on the Futures Chat channel.
Pro members share their analysis on the Pro callout channel.
VIP Support
Support team members on the VIP Support channel are always available to provide solutions to membership and indicator-related problems.
Users who have suggestions about some other features Luxalgo could add can make their suggestions on the VIP Suggestion channel.
Optibot channel
Users can configure the sensitivity and agility settings for alerts on this channel where signals are optimized for higher returns.
Pattern Detection Channel
Patterns that are just formed or are almost entirely formed for various assets on 1d timeframe are detected and posted on this channel by 2 pm each day.
Satellite
Users can get information about various assets from this channel’s stock market, indices, crypto, and forex markets.
Luxbot
There is a bot on the Lux Algo discord server that, when called by typing /, can allow users to:
- backtest different trading strategy
- fetch news relating to an asset of choice with an option of selecting a news source,
- display different charts from tradingview.
Market Scanner
There are 7 channels that give alerts across the different markets supported.
Conclusion
To this end, we can confidently note that Lux Algo is a perfect system if you want to take your trading to the next level. This, however, doesn’t mean that using this system will guarantee profits.
Instead, it helps you in analyzing the markets and offers signals that you can use to your advantage. Of course, you have to have knowledge of the markets, though it can be used by both beginners and advanced traders.
It’s also flexible enough and is compatible with a host of trading platforms but works best with TradingView. It also allows you to use your own trading strategies.
On the flip side, the subscription fee is expensive and there’s no guarantee that using the trading signals provided by the system will lead to profits.
FAQ
- Where is Lux Algo located?
Lux Algo’s headquarters are located at United States
- What is Lux Algo’s Revenue?
Lux Algo’s revenue is <$5 Million
- What is Lux Algo’s SIC code?
Lux Algo’s SIC: 62,622
- What industry does Lux Algo belong to?
Lux Algo is in the industry of: Finance General, Finance
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