Lux Algo Premium Buy Sell Indicators. How Much Money Do They Really Make?

today we'll test luxalgo's paid indicators with a goal to find out their true win rate after 100 trades this video will be helpful for those who are looking to invest their money into premium luxalgo tools yet they're not quite sure what results to expect from them long term there are multiple options in terms of subscription i personally chose the monthly plan for 67.99 which is quite expensive in my opinion so the premium subscription includes these three indicators for today's strategy i'm going to be using these two lux algo premium and lux algo premium oscillators okay for my back testing i'm going to be using the price of dot coin on a five minute time frame and before we proceed with that strategy we need to make some adjustments to this buy and sell indicator so in an input section let's first disable the dashboard and enable the neo cloud and trend catcher and in a star section let's get rid of these exit buy and sell signals so for the first confirmation indicator we're going to be using this luxe algo premium based on its signals we're going to be placed in buy and sell orders as you probably noticed the indicator provides two types of signals a regular buying cell and a strong bind cell the indicator also colors the bars which is really useful notice when the volume in the market is low the bars are usually colored in purple the next piece of this indicator is this trend tracker this line is very similar to the half trend indicator so basically when the line is red color the trend is bearish and when the line is green color the trend is bullish this tool will help us identify the longer term trend momentum is very useful as it eliminates a lot of potential losing trades and finally we have the cloud which is also a really good trend track cam even though this indicator provides us with really accurate buy and sell signals we cannot be using it on its own so in order to confirm the entry given by this indicator we're going to be using this luxe algo premium oscillator when the oscillator is colored in red this is an indication that there is a short term bearish momentum in the price action and when the oscillator is green color this indicates a short term bullish momentum this indicator can also be used for a reversal strategy notice it has overbought and oversold levels so every time the oscillator touches one of these levels this is a signal to buy or to sell by the way if you want me to backtest a reversal strategy with this indicator please write plus in the comments alright now let's understand the exact rules for entering long and short trades so a signal to go long is valid only when we have these five conditions met first the premium looks algo indicator has to issue a buy or a strong buy signal second the trend tracker line has to be green third the neo cloud has to be colored in blue fourth the lux algo oscillator needs to be colored in green and finally the whole body of the trigger candlestick must be closed above the trend tracker and the neo cloud by the way if the lux algo oscillator hasn't cut off by the time the first confirmation indicator issued a signal we can allow another candlestick for it to catch up in this case we see all our conditions are met the buy order will be placed at the close of the trigger candlestick the stop loss will be set at the recent swing low the profit target at one and a half times the risk by the way if the signal appears on a purple candlestick we do not take the trade here's another long example where we had to allow the oscillator to catch up we see that at the time the indicator issued a strong buy signal the oscillator was being colored in red so we waited another candlestick and as we can see the oscillator turned green okay now let's understand the cell positions so for a short signal to be valid we need to have the following conditions met first the lux premium indicator needs to issue a cell or a strong cell signal second the trend tracker line has to be colored in red the cloud also needs to be a red color the lux algo oscillator is bearish and finally the trigger candlestick must be closed below the trend tracker line and the cloud the stop loss will be set at the recent swing high the take profit target will be set at one and a half times the risk here i want to show you two invalid short entries the first entry was not confirmed because the candlestick was partly inside the cloud and the second signal wasn't confirmed because the trend tracker line was being colored in green okay traders now you know the exact rules for this strategy so let's proceed to our backtesting to find out its true winrate [Music] so i just finished the back testing and as we can see the results are quite good the win rate for the strategy is 66 and we gained over 250 profit on our account after 100 trades by the way i found those 100 setups within four months the profit factor for the strategy is 2.91 and we had five consecutive wins against three consecutive losses the maximal drawdown is also looking pretty good it's only 5.88 so yeah overall we can see that the strategy is profitable and we can definitely try it on different markets and different time frames as well obviously i'm not saying you should purchase these indicators because there are plenty of free options out there the reason you might want to purchase them is because they provide a lot of customization options and trade alerts on your trading style you can change the signal sensitivity the smaller the number the more signals are issued by the indicator also depending on your trading strategy you can enable or disable some of these options and as i said you can enable different types of alerts this saves you quite a bit of time because you don't have to be staring at the charts all day so yeah it's really up to you but in my opinion there are some other indicators out there that provide even better entries and they are for free by the way if you're looking for some free trading strategies for crypto check out this playlist right here

Channel: TradeIQ

Views: 117,087

Keywords: Lux Algo, lux Algo indicator, Lux Algo strategy, Lux Algo system, best tradingview indicator, tradingview indicators, best indicator for scalping, 100% win rate strategy, highly profitable scalping strategy, best private indicator on tradingview, scalping, day trading strategy, best forex strategy, best crypto strategy, crypto trading for beginners, profitable scalping strategy, accurate indicator tradingview, trade pro, quantum trading strategies, tradeiq

Id: Z5XYyHKniSA

Length: 6min 18sec (378 seconds)

Published: Fri Sep 09 2022