Do you want to trade and invest smarter? Are you looking for a perfect indicator to help you win every trade? Then, you are reading the right article. In this Lux Algo review, I will go over Lux Algo features, benefits, pricing, and much more. You will get an in-depth overview of how LuxAlgo works and whether Lux Algo is trustable.
Lux Algo is the #1 provider of trading indicators worldwide. Over 50,000+ traders trust the platform.
Lux Algo Review: What is Lux Algo?
Lux Algo is not another trading platform. It was created from innovation in the technical analysis space with an aggressive focus on user experience & feedback.
Investors have thousands of tools to choose from, combined with free and paid education, yet they get overwhelmed with information. Data is available in an instant, and yet investors are confused, and they make wrong decisions.
LuxAlgo tries to remove clutter and offer indicators that serve the purpose and help investors make technical analysis that is easy to understand and reliable to make a good investment decision.
What does Lux Algo do?
LuxAlgo is an ‘all-in-one’ indicator toolkit concept on TradingView to allow for a more organized approach.
Lux Algo works on any market internationally, including stocks, indices, forex, futures, currencies, and commodities, on all timeframes, including 1m, 5m, 30m, 1H, 4H, 1D, 1W, etc.
In addition, you can utilize LuxAlgo toolkits for scalping, swing trading, or even trading options. Its tools are fully customizable and can fit any discretionary trading style.
Lux Algo connects with your TradingView account, and once these are connected, LuxAlgo will spot patterns automatically and give you a signal for buying and selling. Continue reading this Lux Algo review for more features.
Features
Lux Algo offers some advantageous features, such as:
- Buy/sell signals that aim to support the analysis of the trader
- Signal modes: Confirmation and Contrarian
- Signal adjustment (optimized to fit personal trading style)
- Display various technical indicators
- Setting Take Profit / Stop Loss Points
- The candle coloring feature allows the user to change the body color of the candles/bars when using candlesticks or bar charts
- Dashboard that displays most relevant metrics
- The optimal sensitivity setting
- Trend strength which quantifies the strength of an underlying trend as a percentage and can inform the trader whether the market is trending or ranging.
- The Lux Volatility shows how volatile the market is
- Squeeze: which is a measure of price compression
- Volume sentiment metric
- Real-time data
- And many more
Some premium alerts are the following:
- Trend Catcher Up/Down
- Trend Tracer Up/Down
- Normal Buy Turn Strong
- Normal Sell Turn Strong
All LuxAlgo plans offer the following:
- Premium indicator suite on TradingView
- VIP Discord group with scanners and bots (This Lux Algo review explains Discord later in the text)
- Signal settings optimization experience
- Real-time alerts and non-repaint signals
- 24/7 support and active product updates
Is Lux Algo Beginner Friendly?
Unlike extensions that offer no guidance or education, LuxAlgo is the right choice for newbies. Lux Algo tools can be used efficiently, and if you are stuck, there are many tutorials and guides offered by Lux Algo for free that will set you on the right path.
LuxAlgo is here to make the trading experience less stressful and only focuses on a few indicators worth following.
Once you have these, you can easily decide to buy or sell. LuxAlgo is the solution for turning confusion into clarity.
LuxAlgo Discord Community
Discord is a free instant-messaging platform for participating in communities. Lux Algo has a huge Discord community where you can seek help and talk to other traders using Lux Algo.
When you first join Lux Algo’s server, you won’t be able to see anything besides their public channels. You can chat in the public trading area, get help in the #support channel, see announcements, and examples of their tools, get helpful information regarding Lux Algo and learn how to sign up. You don’t have to be a LuxAlgo member to join the community.
However, you get more benefits once you sign up (purchase) with LuxAlgo on the website.
The VIP role gives you access to all the hidden chats with the entire active member community, who share their trades, help each other with analysis across every market, and conversate with each other in #vip-hangout.
Pricing
There are three payment plans. Each plan offers the same features, but you either pay monthly, quarterly, or yearly. With all plans, you get the same features and benefits.
And the best thing is that there is a 30-day money-back guarantee. You can test Lux Algo, see how it works, and decide if this is for you. In sum, any plan you choose you will get the same benefits.
Lux Algo: Is it Worth it?
Lux Algo has it pros and cons, but overall it’s a good toolkit that removes clutter and helps you enhance your trading experience.
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