Lux Algo provides advanced trading tools via Discord and TradingView. These tools give buy and sell signals and work on multiple currencies and time frames. The company claims that more than 35000 investors currently use its service. To see if its services are profitable for us in the long term, we will review them in our article and provide a detailed analysis.
What is Lux Algo?
Lux Algo has the following features:
- Multiple indicators present on TradingView
- Scanners and bots
- Automated alerts and optimization
- Trusted by over 35000 traders
- A 30-day money-back guarantee is available
Official Lux Algo website
The developer details all the information about the product on their website in a detailed manner. We can see that the 24/7 live stream presents the signals from the algorithm, and there is a discord group that hosts all the traders.
How can we use Lux Algo?
The service works with the following steps:
- Purchase one of the packages available on the website
- You will receive the link to join the discord group and the Trading view link to access the indicators
- Copy the trades from the EA to your account manually
The indicators available on TradingView will analyze the market on auto mode and paint out the respective signals.
Pricing & refund
There are 3 pricing plans available. The first one comes for $67.99. Traders can also get a quarter and a year offer coming for $143.97 and $489.99, respectively. The service comes with customer support and a 30 days money-back guarantee.
The developer only states that the indicators can work on multiple time frames and instruments. They do not repaint themselves and use divergences and custom settings that can be modified according to the trader’s will. Unfortunately, there are no live records that we could identify the indicator’s methodology on our own.
There are no live records present on the website that we could use to know the statistics of their trading tool. This is a poor approach from the developer and raises many concerns about their transparency. The developers do not provide any backtesting records to check out the efficacy of their system.
Sean, Alexander, and Alex are the co-founders of the system. They claim to have an extensive background in the fintech department and trading view Pine script. There are no certificates on the website that could be used to assure their claims.
What are the real customers saying about Lux Algo?
The company has a total rating of 4.2 for 214 reviews in TrustPilot. One of the traders states that the system does not convey any useful information. They comment that most of the feedback on the website is fake and as a professional trader they find the system to be useless.
Another trader says that the company is selling free indicators by relabelling them. They state that if the product made money, the authors would not have been selling it.
Summary: is Lux Algo a trustworthy service?Lux Algo
Trading results2/5 Bad
- 30-day money-back guarantee
- Poor vendor transparency
- No backtesting records
- No live records