00:00welcome to trade pro in this video i'm

00:01going to give my unbiased review

00:04and test results of the lux algo

00:07premium paid indicator on tradingview

00:10this is a

00:10highly marketed and popular product so

00:14i've had a ton of requests to actually

00:16test it to see what the results are

00:19what i did was i searched on youtube to

00:22see what type of strategies people were

00:24using and recommending

00:25so four of my tests were done using

00:28youtube recommended trading strategies

00:31so i tested

00:32each one of these strategies 100 times

00:35and then i also did two strategies that

00:37i came up with just based on looking at

00:39the indicator

00:40and just kind of putting things together

00:44so out of those six strategies that i

00:47tested 100 times

00:48each two of them were profitable

00:52and four of them actually lost money so

00:55that is the basis of where we're going

00:58off of here

00:59so i'm gonna go um kind of into the

01:01indicator a little bit

01:02talk about my opinion what what i think

01:05about it

01:06of course you can form your own opinion

01:08it's only my personal opinion

01:11and then i'll go over the results of the

01:13two that were profitable

01:14so i'll talk about those strategies and

01:17which ones were actually profitable

01:19over the series of 100 trades that i

01:20tested so let's get into it

01:23all right so there are tons of different

01:25features for this

01:26indicator set and i can't go over

01:28everything or this video is going to end

01:30up being 45 minutes long

01:32but i'm just gonna quickly go through

01:33the different aspect of it and

01:35say what i think so just starting with

01:37the main set of

01:38indicators here the luxe algo premium

01:41says the

01:42big dog here that they really advertise

01:45a lot

01:46with the different colored candles and

01:49the buy and sell signals so if you've

01:52seen advertisements for lux algo you've

01:54probably seen

01:55these sort of signals to get a strong

01:58buy and then the

01:59green candles and the purple candles and

02:01the red candles so

02:03it color codes the candles depending on

02:05what the indicator thinks that the trend

02:08is or if it thinks that price is ranging

02:10so that

02:11is a interesting feature so you get

02:14these purple candles for ranges

02:16obviously green or red depending on

02:18uptrend or downtrend

02:20uh you get the buy and the sell signals

02:22um so

02:23strong buys you get normal buys you get

02:26strong cells

02:27normal cells so those are some of the

02:30unique features

02:32of this indicator and the other features

02:36are where i kind of have a bit of an

02:38issue

02:39now first thing is this right here up

02:42here

02:42and down here they call it the reversal

02:44zones it's just bollinger bands

02:46and so you do have that for free already

02:50and then we have trend tracer and trend

02:53tracker these two lines here that switch

02:55from

02:56red to green it's basically just super

02:58trend indicators

03:00and then you have okay this is really

03:03hard to see

03:04but this cloud right here

03:07and this cloud is essentially just ema

03:10ribbon

03:11so those few of those are not unique

03:14whatsoever

03:16and you already have them for free on

03:17trading view but

03:20that better mean that you know these are

03:22useful these buying these sell signals

03:24and these

03:25colored candles and the reality is

03:28based on my test they are not actually

03:31profitable if you test them over a stage

03:33of 100 trades

03:35using you know an actual system of

03:40setting a stop loss and take profit

03:42target with a good risk to award ratio

03:45you know it doesn't produce profitable

03:47returns

03:49so that is kind of where

03:52i am with this the luxago premium

03:56main indicator we have a ton of

03:58different features in here

04:00which i can't go over all of them you

04:02can decide to do contrarian signals

04:04both confirmation and contrarian

04:06confirmation just means with the trend

04:08um and these are the actual buying the

04:10cell signals here

04:11signal mode you can change the

04:13sensitivity of the signals

04:15as well and of course you can change the

04:18the color

04:19candle mode um

04:22there's also this right here where you

04:24can have predictive ranges auto trend

04:26lines into two institutional profile

04:29you know this stuff is mostly just stuff

04:32that you have for free already the one

04:33thing that

04:34isn't is auto trend lines i don't

04:38know that i've seen this someone on the

04:40patreon actually told me about this and

04:43said to check it out

04:44so if i turn this on you're gonna see it

04:47will draw

04:47trend lines in all sorts of different

04:49places

04:52so it'll draw transl trend lines for you

04:54can change the sensitivity of it so it

04:56will draw trend lines in different

04:57places

04:59so that's one kind of unique feature

05:01about it i'm not sure that i've seen an

05:03indicator that

05:04does the same thing but for me

05:08you know it's not much of a use um so i

05:11don't see much value in any of

05:13that um if i pop up some of this other

05:15stuff you'll

05:16you'll recognize it so let me put up the

05:18institutional profile here

05:21you'll i think it puts it way on the far

05:23side here

05:24here it is so you know this is just a

05:27volume profile

05:28so what they do is they change the name

05:30of all of these things

05:31so like with bollinger bands and the

05:33super trans and

05:35institutional profile and you know they

05:38changed the name of it

05:39on the indicator you know to try and

05:42make it sound kind of special but

05:43it's really just looks a bit different

05:47maybe they changed something about it

05:49but it's pretty much the same thing that

05:51you have for free

05:52so i'm not finding a lot of value for me

05:55personally on this and obviously they

05:57what they say is you're supposed to use

05:59these tools in addition to your strategy

06:02and

06:02kind of as confirmation extra give you

06:04an extra edge but

06:06i'm just not seeing what more it gives

06:08you than

06:10the free indicators that you already

06:12have so

06:15yeah well let's take a look at

06:19the other indicators so we have the lux

06:21oscillator which gives you divergences

06:24gives you institutional activity

06:28and you get this you know kind of an

06:30oscillator

06:31trend tracker a bunch of different

06:34things you get these

06:35buy signals green pluses on the bottom

06:39and you also get the cell signals

06:42on the top so

06:47yeah you know you get a bunch of

06:48different things here and

06:51i just don't see that it's any better

06:54than

06:55other oscillators that you see the

06:58divergent signals of course i did test

07:00and that was one of my better tests so

07:02the divergence signals i found

07:04interesting that it actually can signal

07:06divergences

07:06and so my hat is off to them for trying

07:10to

07:10you know code divergence because

07:12divergence is subjective it's

07:14almost impossible to code it accurately

07:16of course it's not

07:17accurate so i'm not saying they did code

07:20it accurately but

07:21it's uh still interesting that they give

07:24it a shot

07:25and you know it doesn't repaint so um

07:29yeah really cool that they did do that

07:31i definitely approve of them trying to

07:34get divergent

07:35um scripted here um

07:39as far as the buy and the cell signals

07:40go yeah that was

07:42one of my tests and yet they were not

07:44they did not do anything good

07:46going with the trend um and obviously i

07:50didn't try any counter trend trading

07:52strategies because that's not

07:53what i do so every test i did was

07:57with the trend and then one of my tests

07:59was also with the institutional

08:01profile and what these are supposed to

08:03be saying

08:04is when there's institutional activity

08:06so these

08:07kind of brown bars and how they

08:11i believe kind of advertise it

08:15is that when there's institutional

08:17activity it's likely there's going to be

08:18a reversal

08:20but if you actually do the testing

08:24it's really random they pop up all over

08:26the place

08:27just like you know these signals where

08:30you can make it look really good at

08:31certain points but

08:32then you get two other points and it's

08:35just a mess where it's giving you

08:36signals

08:37all over the place so

08:41i don't know that you're getting more of

08:43an edge

08:45with this versus what you already have

08:48for free

08:48on trading view and then you have

08:52this lux metrics which right now is set

08:54to volatility

08:56and with this you can kind of see

09:00when there's a volatile move you get

09:03this to go

09:04into the overbought line which is here

09:06at 80

09:08and it will kind of change colors you

09:09know these it all looks really cool and

09:11it all looks nice

09:13so there what i guess what this is

09:15supposed to do is when you get

09:17into the overbought territory it's you

09:19know been really volatile and then you

09:21see it start cooling off it's likely

09:22going into a range

09:24so it could be either a reversal or a

09:26consolidation after one of these spikes

09:28above here

09:32so you know that's kind of the different

09:33aspects i don't want to go into each one

09:36and all their different features you

09:37know they do have a lot of features to

09:39work with so

09:40i will say you know that's awesome that

09:42they have a ton of different

09:44options different things that you can do

09:46to

09:47try and make it work with your strategy

09:50and yeah okay i wanted to share

09:54this detailed pros and cons list that

09:57was sent to me from a

09:58user of lux algo who's had it for

10:01something like almost a year

10:03and they go into more detail about a lot

10:06of the things that

10:07i don't talk about in this because i

10:09focused on the indicators themselves and

10:11the type of results you can get

10:13using the indicators but they have a lot

10:15of other features like their discord

10:16group and such

10:18so this pros and cons list kind of goes

10:20more into those

10:21aspects of it this person only uses

10:24the auto trend line feature that i

10:26showed and nothing else

10:28about the lux algo anymore so

10:31that is kind of a little look into

10:34someone else's point of view and some of

10:36the other aspects

10:37um if you want to take a look at this

10:39all right quickly going over the two

10:41strategies that i

10:42tested that did have profitable results

10:45the first one i'm going to call the

10:46institutional activity strategy

10:49so with this one you need to see an

10:51institutional activity bar

10:53on the lux oscillator i got rid of

10:55everything else

10:56but the institutional activity bars so

10:58when you get an institutional activity

11:00bar that pops up

11:01such as right here we get our first oops

11:03right here

11:04and then you need to see that you're

11:07going with the trend so we need to see

11:09two of the same color trend tracing and

11:12trend catching lines which are basically

11:14super trends

11:15and essentially price also needs to be

11:18above

11:18the ema ribbon and price needs to be

11:21green

11:22or indicating that same direction trend

11:24at the same time that you get this

11:26institutional

11:27bar because we're trying to get in with

11:29the institutions on

11:30that move okay so let's enter a long

11:34position here

11:35everything's green got the institutions

11:37on our side

11:38stop loss goes to the trend tracer

11:42and then we're targeting two times the

11:44risk

11:45so this is the one of the strategies i

11:48tested

11:49and let me show you the other one really

11:50fast the other strategy

11:52is a divergent strategy so it actually

11:55uses an

11:56outside indicator here which is a 200

11:58period ema

11:59set to the one hour time frame i'm on

12:02the 15 minute time frame

12:04and we want to be going with the long

12:05term trend direction so

12:07prices above the one hour 200 ema you

12:09can only take longs

12:10prices below the one hour 200 ema you

12:12can only take shorts

12:13if price is above we're looking for

12:15bullish divergent signals

12:16so we have a bullish divergence right

12:19here

12:20and so we can take along right here

12:23and these divergent signals do not

12:25repaint the stop loss goes below the

12:28swing low

12:28and then targeting three times the risk

12:31okay

12:33and it looks like it does reach it all

12:36right

12:37so that is the strategy for the

12:39divergences don't want to spend too much

12:40time on these and i'm going to run the

12:42200 tests

12:44on 100 times speed

12:53[Music]

13:12[Music]

13:27[Music]

13:40all right after the 200 test 100 on each

13:43strategy here are the results

13:45they are not all that great so going

13:48over the multi-time frame

13:49ema and the divergent strategy we had

13:52that done on the 15-minute time frame

13:54using a one-to-three risk reward ratio

13:56it was done on bitcoin against the us

13:58dollar in euro against the us dollar

14:00it took seven months of price data for

14:02the hundred trades there were 32 winners

14:04and 68 losses

14:05most losses in a row was 10 and the max

14:07wins in row is four

14:09gain on the account 28 then with the

14:12institutional trend following strategy

14:14there was done on the 30 minute time

14:17frame using a one to two risk reward

14:18ratio

14:19on euro against the us dollar took seven

14:21months of price data

14:22and 37 163 losses max losses in a row

14:26was eight

14:27maximum narrow was four gain on the

14:29account 11

14:31so you know my overall opinion is that

14:34it's

14:34difficult to come up with something that

14:36is profitable with the lux

14:38algo indicators but i will say that they

14:40do provide a lot of free indicators

14:42on their discord channel and they do

14:45provide a lot of assistance and help if

14:46you have questions so

14:48you know the main thing that i would say

14:50is that it's just

14:51overpriced if they want to give

14:54something like this out maybe cut the

14:56price in half

14:57and a lot of it is just stuff that you

15:00can

15:01find for free on trading view already

15:04and a huge issue i have with it is that

15:07you can't

15:08auto back test with it so

15:11for me personally it's it's useless i

15:13don't see any use in it

15:15obviously i already have a strategy that

15:18i use and i'm just reviewing this

15:20for the channel because it was requested

15:22but if i was to be searching for

15:25a new strategy for myself this would not

15:28be where i would look i would

15:30not need this i was actually wishing

15:33that i was using normal trading view

15:35indicators when i was doing these

15:37strategies

15:38i would have rather just had normal

15:40bollinger bands and a normal macd

15:42or rsi to find the divergences instead

15:44of the signals

15:46and you know i can i've shown 20 plus

15:50better trend following strategies on the

15:53channel

15:53using the free indicators so it

15:55shouldn't be this hard to come up with

15:57something profitable and

15:59when they advertise that these are the

16:02only indicators you will ever need you

16:05know it

16:06they should have something a bit better

16:08in my opinion so

16:10um price should be cut in half

16:13don't advertise that these are the only

16:15indicators you will ever need

16:17and then i would be pretty happy so not

16:20terrible you know not helpful for me

16:23personally but

16:24maybe someone it has helped so

16:27yeah that's that's my review of the luxe

16:30algo

16:31and obviously i've only had it for a

16:33short period of time i've done six

16:34strategy tests on it

16:36but honestly i think that's more than

16:38most people do i don't think anyone

16:40actually tests it properly they don't

16:42actually run it through

16:44a sample of tests before they start

16:45trading it

16:47which would be typical for a lot of

16:49people who are getting into trading

16:52but yeah not

16:55not that special not that special so

16:58that's my review my only

16:59only my opinion so looks

17:02it's just my opinion you have a great

17:05great system

17:06amazing system everyone buy it great

17:09system

17:09okay let's hear that don't sue me