Traders typically have several questions after seeing Lux Algo, one of them being:
What advantages does these paid indicators give me over free ones?
And the most important one:
Will I make profits using them?
It would be presumptuous and dishonest of our part to tell you the indicators we propose work like a charm and will guarantee you huge returns in a short amount of time, things are more complicated than that. Our indicators are designed to be fully user interactive and have a high level of interoperability with each other, and this is actually what can make them work for you.
A trader could expect indicators to work by themselves, without requiring any user interaction, just set them running and forget them, if an indicator can't generate returns under these conditions then it is not worth trading.
The worth of a technical indicator will hardly be found in its ability to make you money by itself, the complexity of market prices variations makes this way too difficult, and a technical indicator is not smart nor adaptable enough to overcome such extreme conditions, however, this is not the case of the experienced trader, who will not use the indicator as a money printer, but as a supportive tool for decision making.
We believe that the success lies in the association of the user with the indicator, the indicator can access and process a large amount of data, delivering a large quantity of useful and easy to interpret information which the trader can't really do by themselves, but he/she is smart, aware of a lot of external factors, and can manage their money.
When I was passing tests to work on a private investment fund, we needed to work alongside an automated trading algorithm, I thought that we just had to let him run, but no, we had to stop the algorithm during huge volatile markets movements, limiting risk, so we had to team up with the algorithm to make it work, this changed my vision on technical indicators and their usability in trading.
An indicator giving non-redundant information that is easy to access and of high quality alongside an experienced trader will form a strong pairing, that will have higher chances to generate persistent returns on the market. At Lux Algo, we try our best to give such indicators to every trader.
If you are not free you won't go far, some traders are natural contrarians, others ride with the trend, whatever your trading style is we embrace it, giving you indicators that any kind of traders can use at their full potential.
This is part of the success of the Lux Algo indicators with traders, while a lot of indicators give you a two-dimensional picture of the market, we give you a three-dimensional picture of it, giving you the liberty to trade the indicators the way you want, as standalone or in confluence with other indicators.