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Reply from LuxAlgo

Hi Sinan, thanks for your honest review.

Regarding your view on the premium indicators – it’s a totally fine approach to avoid indicators, focus on risk management, etc.

We aren’t a ‘signal provider’ – we just provide free indicators & then have premium versions built with more functionality based on user feedback.

Marketing is marketing just like any product in any industry, however, we don’t promise returns or present it as magic in any way. Our “Confirmation Signals” are only presented to be used within trading strategies as confluence, so they are not meant to be used as entries/exits as you mention. We have extremely comprehensive toolkits for various styles of trading with dozens of features designed to be used together.

We suggest you read out thought pieces on technical indicators to give an understanding on our positioning here & wish you all the best!

1.) https://docs.luxalgo.com/getting-started/what-is-lux-algo#why-it-can-work

2.) https://www.tradingview.com/chart/SPX/enKVc3nN-The-Philosophy-of-Selling-Technical-Indicators/

3.) https://www.luxalgo.com/blog/technical-indicators-whats-useful-what-isnt-lux-algo

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