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Forex Expert AdvisorsReviews

Lux Algo Review: Is This Forex Indicator Profitable or Not?

by manager91 01/18/2022
01/18/2022

Lux Algo is an indicator that should be used to show us when it’s the right time to get into an order, with what parameters, and in what direction. The devs insisted that the system can enhance our trading experience. It’s time to figure out what intel is correct and if we can trade better with this solution. 

Is Lux Algo good?

We don’t think so. The developers have been avoiding providing us with relevant trading results for years. If those systems were profitable, the devs would like to make profits, using them. 

Features of Lux Algo

We have prepared a list of settings, details, and other information about the system. 

  • The developers redesigned the presentation. So, much information was removed from the site. We don’t know the reason for this. 
  • They insisted that they are #1 in the Forex world. 
  • We aren’t ready to trust this blindly. 
  • Another claim is about 15,000 traders who enjoy the service. 
  • It’s a pretty controversial statement. 
  • This information is impossible to be checked. 
  • There’s a set of indicators that can help us to follow financial institutions on the market. 
  • The system provides us with automatic delivery of the signals when they appear. 
  • The developers share a Discord channel with us. 
  • All signals are real-time ones. 
  • If the market goes in the wrong direction we can expect that the signals will be updated. 
  • We are allowed to cancel our subscription anytime. 
Lux Algo discord channel
  • We can see what the discord channels look like. 
Lux Algo discord channel
  • There are some details about indicators provided.
Lux Algo pricing details
Lux Algo pricing details
Lux Algo pricing info

We have three subscription packages and one lifetime offer available. One-month subscription available for $67.99. Three-month subscription costs $143.97 (was $203.97). The annual subscription costs $489.99 (was $815.88). The ultimate lifetime appeared several days ago. We can purchase the system for $1197. It’s twenty times higher than it costs on MQL5. All packages are featured by a premium indicator suite on tradingview, VIP Discord Access, signal settings optimization experience, and free lifetime updates. We have no money-back guarantee applied. 

Trading TerminalsMT4
StrategyN/A
TimeframeN/A
Price$67.99, $143.97, $489.99, $1197
Money RefundNo
Recommended DepositN/A
Recommended LeverageN/A
Money ManagementNo
Customer ReviewsYes

What strategy does Lux Algo use?

  • We don’t know details about strategies. Usually, they are price action or trend. 
  • The devs provide no info about time frames. 
  • The same we have when we talk about cross pairs. 

Backtesting vs live trading results

The developers decided not to share with us backtest reports. It’s a huge disadvantage because the system before being released has to be tested. As a result, we have no final report with details about win rates, profit factor, drawdowns, and so on. 

The owners have never provided trading results verified by Myfxbook, FXBlue, FXStat, or MQL5. This means that they don’t make money using their software. All of this brings high risks that the system can simply not fit current market conditions and the devs didn’t know anything about it. 

The core team

People testimonials

There are some positive testimonials published on the site. 

People testimonials on Trustpilot

Lux Algo runs a page with a 4.2 rate based on 210 reviews on Trustpilot.

Negative user testimonials
Negative testimonials

There are a lot of people who weren’t satisfied with the service quality that they had to experience. 

End notes

End notes

Lux Algo is an indicator that has to inform us when it’s the right time to open an order. The company has only a discord channel with some people online. We have no backtest or trading results provided.

InvestGrail
  • Yield
    2
  • Reliability
    2
  • Trading Approach
    5
  • Consistency
    2
  • Customer Support
    4
The Goods
  • Various pricing packages are available
  • A discord channel was created
The Bads
  • No team revealed
  • No risk or money-management advice given
  • No strategy explanations provided
  • No backtest reports shared
  • No trading results available
  • Many negative testimonials written
3.0 1.5 5
Average Score
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