Lux Algo Trading Review: Lux Algo is a service on TradingView that aims to make their client’s trading experience smooth. Is buying LuxAlgo Trading worth it? Read through our LuxAlgo review to see what experts have to say about the Forex service.
Table of Contents
What Are Forex EAs, Signals or Indicators?
An expert advisor (EA) is software that directs and guide you on what trades to make or pass on. It even automatically starts and carries out trades according to a set of already programmed instructions. Expert advisors are most often deployed on the MT4 or MT5 forex trading platforms.
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We cannot overstate the advantages and usefulness of Expert advisor. Among the many advantages is the slight learning curve involved in using the Expert Advisor. That is to say, you need little learning to use an EA as the trades are being carried out by a set of instructions already made by an expert. Another advantage is that it can consider a lot of variables that humans may not have the time or potential to handle.
It is normal and not out of character for a Forex EA vendor or signal providers to lay claims to their product being a sure-fire way for you to get richer (it’s mostly just marketing.). This is because anyone who is looking for a signal provider is searching for a hassle-free way to make some profit.
However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit vendors at the bottom of this article.
Lux Algo Review
This service is manned by Alexander Friend, Sean Mack, Alex Pierrefeu and Matthew O’Hagan. The platform was founded in 2020, and aim to “provide traders with truly useful, unique, & reliable tools that can give them an edge over others in any market.”
How Lux Algo Trading Works
In this section, we cover the strategy of the EA. We also looked at the trade result if they provide any. For the trade results we hold results that are posted on myfxbook to be standard but we also consider fxblue and other alternatives.
The team provides confirmation signals, indicator overlay modes, contrarian signals, support & resistance methods, oscillator and volatility indicators.
Lux Algo Price
$67/month
Client Feedback
Customer feedback is a vital instrument for us to offer up a quantitative review and analysis of an EA. We mostly consider feedback a third-party site as we have found that reviews on the official page might be manipulated, concocted or paid for.
We could not find many reviews by customers who had used Lux Algo before, at least not enough to form a conclusive decision.
Read through our Yeti EA Review to compare and contrast the services they offer. You can also read our reviews on fxalg EA, FxPriemere, and Forex real profit.
Conclusion
Because of lack of feedback, we couldn’t gauge the satisfaction of the customers. Although we won’t recommend Lux Algo, they priced it reasonably and hence, consumers probably would not be taking much of an initial risk even if they cannot deliver the promised profitability.
EXPERT RECOMMENDATION: Use the Best Forex EAs/Robots in the Market Below
Accounts
Free Trial
Projects
SSL
2
Strategy: Scalping
Time Frame: M1, M5, M15 and M30
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
1
Strategy: Stop and Reverse
Time Frame: All time frames
Currency Pairs: EUR/USD, EUR/GBP and USD/CHF
License fee: $149
60 Day Money-back Guarantee
3
Strategy: Scalping
Time Frame: M1, M5, M15
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
Lux algo is trash.