It's for traders to set their R;R and SL before entering a trade
#💬hangout
sinful phoenix
my first day too...love it, and i have the Tradovate integration connected ..im gonna kill this thing on market open tmrw @fluid vortex
empty solar
Also different timeframes always show different things
vagrant meadow
Wellll different timeframes will of course give different entries. 1H charts are not the same as 1M charts. Each timeframe needs to be respected as such
native radish
Is there a way to setup alerts for tge signals?
empty solar
!alerts
frank geodeBOT
How to set up alerts in TradingView: https://luxalgo.com/apps/help-center#!hc-how-do-i-set-up-alerts-on-tradingview-1
kindred forge
@empty solar is there a demo that shows what all the items on the new dashboard means?
frank geodeBOT
To learn more about Lux Dashboard: https://luxalgo.com/apps/help-center#!hc-lux-dashboard-new
fluid vortex
@sinful phoenix yeah I also used it for the first time trading QQQ options this afternoon and made $541 profit of the Strong signal, up until now I've just been using TOS and various indicators, I've only been trading futures for a few weeks
kindred forge
the directional matrix
kindred forge
ok thats what i meant, thanks
fluid vortex
@sinful phoenix tradeovate is integrated to LuxAlgo?
empty solar
Whatever that is - no
sinful phoenix
Trado integrates with Tradingview...so it works out fine @fluid vortex
fluid vortex
got it, I'm set up with infinfity futures and use their chart and DOM to place the trades and LuxAlgo to confirm in TV
sinful phoenix
it which means i get to use the DOM to execute..its awesome @fluid vortex
marble grove
@empty solar another question so i have buy sell and strong red and green i thought there was exit points 1-3 also wasnt there a box at the end of each candle giving info? Do i need to set these up some how? Thanks
granite idol
Any videos going to be made on how to use these? I know they’re explained, but showing how they’re used in real time helps.
thin trail
Yes 100% @granite idol
We delayed putting out YouTube videos as we wanted to get our updates out first so it's not outdated a couple weeks after posting videos
but we have a solid ground here with major developments for now and are more ready to release lots of good videos for everyone on YouTube :))
hushed wharf
Is it possible to have the equilizer bands and the reversal zones on at the same time?
plain epoch
it will look so busy lol
thin trail
They are separated into modes, so no @hushed wharf - in terms of effectiveness, I'd say it depends on your trading style
plain epoch
reversal zone just release today and will test it out tomorrow
thin trail
scalping, honestly the reversal zones
while equalizer bands are great for just adding additional confirmation and trading with the trend better
different use cases @hushed wharf
frank geodeBOT
iamjustncase#6168 has been warned
thin trail
Sorry for the mute @hushed wharf - yes they are a knockoff product of ours
Glad you like us better... it's kinda obvious 😉
This update does not affect signals btw @hushed wharf
Just additional features & efficiency upgrades to other features
hushed wharf
Awesome
Just a little motivation for everyone
30 pips can go a longggg way
Especially when you have a system like this
vagrant meadow
My man @hushed wharf is about to be the US30 slayaaaa
hushed wharf
🙏🏽🙏🏽🙏🏽
hidden moss
Possible
vagrant meadow
Congratulations 🎉 !
hidden moss
Congratulations Man GL
analog onyx
Is everyone happy with the new update? What is your favorite new feature? :)
plain epoch
🙊
thin trail
dashboard 🤣 couldnt see shit prior
@hidden moss i like the new dashboard too
but what do u mean you couldn’t see shit prior? lol the old version you didn’t like??
too close to the candles?
hidden moss
the old dashboard hid stuff sometimes and I wouldnt see signals and idk
yeah a bit close to candles
buoyant dagger
I like it! But I gotta say, I don’t if it’s just me or if the dashboard is a little too far. I mean, it’s better that it’s not too close like it was before
But it took me a bit to find it at first lol
thin trail
yeah, new one is in a nice spot and we also just added the option to move it closer to the price if you want
thin trail
yea re-update again and you’ll have that option in Dashboard Location
analog onyx
Where’s that option?
@buoyant dagger dashboard location -> next to candle
buoyant dagger
Ohh that’s a lot better, thanks!
That was too far for me lol
It’s perfect now, good job!
The reversal zone bands are incredible by the way guys. Really happy with it.
ocean snow
I love the way algo handled that roku trend today
analog onyx
Glad to hear it
ocean snow
Straight printing
ocean snow
You could of stayed in all day on a call option and banked
sand coyote
I'm working my way up until i can start trading futures, stocks, etc
thin trail
paper account is great and smart @hidden moss :)) always play it safe when ur starting out!
sand coyote
fx moves so slow sometimes
analog onyx
im here chilling with my paper account
@hidden moss that's how true winners start
hidden moss
ocean snow
Make sure you have consistency first
hidden moss
good paper day today
buoyant dagger
Paper trading is awesome. Even now that I trade real cash, I usually have paper trade going at the same time to test new things.
ocean snow
I like to test swings on them
thin trail
wow @hidden moss ur like a pro already😳
thin trail
:// well you’re on the right track
& risk management is key too:)
thin trail
high timeframes r my go to, always
hidden moss
they seem more reliabe
thin trail
i cannot trade low timeframes, ever
thin trail
unless it’s a crazy volatile market, they can work
buoyant dagger
Low timeframes are FUN and a rush but damn is it risky.
thin trail
it’s moreso just healthier i find to swing trade, scalping makes me go insane — but some can handle it and do well ofc @hidden moss
buoyant dagger
Learned my lesson during the uni/usd trading on Friday.
analog onyx
🦄 once again
hidden moss
thats why I trade fx
hidden moss
alex do u trade? Ik gecko doesnt
analog onyx
alex do u trade? Ik gecko doesnt
@hidden moss I did for a short amount of time, rn it's just full time development
Gotta make great indicators for our beloved community
buoyant dagger
Anyone have any good articles or videos to study differences between SMA, WMA, and linear regression. Still trying to figure out which to use with the new update?
analog onyx
Anyone have any good articles or videos to study differences between SMA, WMA, and linear regression. Still trying to figure out which to use with the new update?
@buoyant dagger that technical paper by zakamulin is a reference when it comes to the study of different types of moving averages https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2854180
buoyant dagger
Ah thanks! That’s actually perfect.
latent trout
Where can I download the bot ?
thin trail
!guide
frank geodeBOT
Quick link to our User setup guide: https://luxalgo.com/apps/help-center#!hc-user-setup-guide
marble grove
!update
frank geodeBOT
To update Lux Algo V2, refresh your browser / screen and remove it, add it back to your chart, and save your chart layout on TradingView.
If this didn't work, refresh your browser / TradingView mobile app and then remove/re-add Lux Algo V2 back to your chart and save your chart layout.
Watch walkthrough here: https://www.youtube.com/watch?v=RWphLlHuz4s&t=57s
marble grove
!settings
frank geodeBOT
More info on changing the input settings on Lux Algo V2: https://luxalgo.com/apps/help-center#!hc-adjusting-input-settings
river trench
How can I find out when my membership expires?
finite vortex
There's a specific parameter for the version 2.8 ?
marsh totem
hey guys where can I learn how to use the new features of the 2.8 version?
pallid isle
Good job
tepid crypt
Thanks! This is before London session, I’m excited, let’s get that bread!!
pallid isle
how can i use this?
lucid lily
anyone know what the directional matrix mode setting do?
tired belfry
Bandmode, Above lux dashboard on your screenshot
hidden moss
thanks!!!!!!!!!!!
cedar yew
I'm struggling to add the reversal zones, ive tried evything that was mentioned in the video
Could anyone help
empty solar
Can I see your settings?
wraith relic
Bands mode needs to be set to reversal
cedar yew
Good it thanks
I know different settings will work for different styles of trading does anyone have any suggestions for any settings
Basically to avoid having lots of irrelevant signals
radiant trout
Hey!
I know "it depends", but are people using default settings for sensitivity etc? or are the most commonly used settings higher or lower sensitivity? Im trying to find out what most people are using in here 🙂
empty solar
Honestly I don't really think there is a most common, it really does differ between people since they are trade different assets and timeframes
But most likely their settings will be around defaults
A little higher
Or lower
That's what I've seen at least ☺️
radiant trout
I see:) thank you!
cedar yew
Thanks
hidden moss
niceee
thorn silo
@hearty summit is there a way you look at the charts an can tell when there might be a strong movement up or down? Im having some trouble reading the charts
pallid isle
same here lol
hidden moss
Volume spike and momentum can be combined for the surge
hearty summit
To be honest, I’m on the same boat.. what made me hop onto GME was realizing the PS5 and XBox releases this year and it made me look at their all time chart.. every year of playstation and xbox release, their stock spikes !!!
hearty summit
I just use the chart to somewhat basically see upcoming downfalls and when to sell out of my positions
hearty summit
I just look at the 5minute, 1 hour, and 2 hour charts to see what signal its on and how the patterns and trends are going
empty solar
!resources
frank geodeBOT
Link to our Help Center, many common questions can be answered here: https://luxalgo.com/apps/help-center
vagrant meadow
https://www.marketwatch.com/economy-politics/calendar for anybody in a trade, Powell is speaking at 10:30am EST. I personally don’t hold positions when he opens his mouth- just a heads up!
pallid isle
thanks
hidden moss
Batteyday tooo
gentle zephyr
How do we use the stock bot to show us what to look for?
Like the guy who bought GameStop?
empty solar
The discord scanner?
gentle zephyr
@empty solar yes
empty solar
Well you just look and see what it says 🙂
gentle zephyr
Or just trading view
empty solar
gentle zephyr
@empty solar what about today though? Does it not find it in real time?
gentle zephyr
Okay. I just wish It would have caught zm today
Are there any tips on how to do this?
empty solar
well the alerts are for 2h + candles
So it alerted yesterday
As you can see on the 2h for ZM
And here's the alert
If you like to trade lower timeframes feel free to set your own alerts 🙂
hidden moss
@hushed wharf what broker do u use for us30
pallid isle
thoughts on using lux for STOCKS or FOREX, preferences?
hidden moss
hmm stocks seem the safest tbh
limpid fossil
@empty solar very nice
hidden moss
gecko
empty solar
si
hidden moss
explain to me how ur band is so much better than mine 
hidden moss
what timeframe?
empty solar
Stocks are always a little nicer 🙂
hidden moss
lux better perfectly predict battery day today
nocturne relic
!confirmed
frank geodeBOT
When is a signal confirmed? https://luxalgo.com/apps/help-center#!hc-when-is-a-signal-confirmed-1
pallid isle
taking forever to get an account on thinkorswim:(
mossy portal
lux better perfectly predict battery day today
@hidden moss looking like it’s a sell so far.
fluid vortex
first day using LuxAlgo and 4 out of 4 wins!!!
hidden moss
Congrats man.. which tickers? How did you pick the tickers?
fluid vortex
MSFT (1 time) and QQQ (3 times) I already play them, using LuxAlgo to confirm the move with my TOS charts and it worked beautifully
now looking at DIS
fluid vortex
but looks to be consolidating and it's that time of day so I'm done until this afternoon
hidden moss
So it alerted yesterday
@empty solar what settings for algo are in this chart shown for zoom?
frank geodeBOT
Our Discord market scanner alerts all use the following:
- Heikin Ashi Candles
- Default Lux Algo (V2.7 inputs & no toggle options enabled)
- Normal trading hours (no extended hours)
- Main exchanges / brokers such as NASDAQ / TVC / OANDA / COINBASE / BINANCE
TradingView alerts are set per your exact settings, timeframe, and enabled toggle options at the time you set the alert.
Adding the Equalizer band makes it require more confirmation to register a signal as "Strong".
hidden moss
the screeshot
hidden moss
I have default and looks different
oh you have the new 2.8
still have the 2.7 here
empty solar
They are the same signals between the versions 🙂
It's literally just the 2h chart
Default everything
hidden moss
4.25 1.96 20
empty solar
ahhh there yah go 🙂
hidden moss
where is it sorry?
empty solar
Right click your chart
settings
Uncheck
We prefer it off - some people like it on
But all our alerts have it off
craggy dawn
@empty solar does this extended hours need to be off for even crypto?
hidden moss
Seems that I can trade right away almost based on those signals
hidden moss
But all our alerts have it off
@empty solar this is advisable for futures as well?
Indexes
plain sentinel
jagged burrow
How do we add the support and resistance lines? Looks different than the YouTube
empty solar
Should all be live 🙂
@jagged burrow We updated them
If you want to use the old ones: https://www.tradingview.com/script/JvsZSkWO-Lux-Algo-Support-Resistance/
They aren't that good
But for some reason people like them hahaha
So just add them here
jagged burrow
Thank you
hidden moss
euraud just hurt really bad
empty solar
yep is new 🙂
limpid hedge
niceee
empty solar
😄 we always like to add new stuff
limpid hedge
everyday something new...
twilit rock
Anybody trade nas100 or us30?
formal pier
Whats your setting for trading nas100,us30?
formal pier
i liek scalping
since the pair moves really fast, i like to get in and get out. Whats your trading style for nas100?
twilit rock
Yeah klawzeus Im having trouble wining, I may have a big win one day and then a bad the next
true jasper
twilit rock
Mind explaining your strategy?
true jasper
It's not about the settings though - I have a personal algorithm I use
ya.. no problem. #1 asked question. I'm going to have to make a video
I use this:
This
This is on a 1 minute chart.
twilit rock
Are you scalping? Or how would a entry for you would like in the chart?
twilit rock
Better than 50% lmao
hidden moss
i win most of the time yk just hold until its positive 
true jasper
- Upon price action crossing the leading edge of the EQ band, check:
- Strength must indicate similar direction
- Volatility must be above 30%
- Oscillator trend must NOT be older than 7 candles
- SL = ATRx2.0, TP1 = ATRx2.0, TP2 = TS@ATR1.5
- Exit if price crosses SMMA
That's it
twilit rock
Thank you!! Bro really helps a lot
true jasper
and Yes, I will make a video this week showing exactly how I do it. I'll be trading live for a couple hours so you can see it in action
hidden moss
do you have a yt channel
true jasper
I probably should get all that set up
more and more people are asking all the time
I just wanted to be a quiet trader. yall are just too good of a group to say no
empty solar
@true jasper Want to collab?;)
true jasper
I'd love that. I want a few more months of tweaking and actually make a scalping bot
empty solar
hahaha sounds good 🙂
hidden moss
how long before I can et a lux algo tshirt
true jasper
There are a couple of bad moves that happen and I'm narrowing in on an indicator that will help me avoid them... If I succeed, it'll be an 80% win rate
empty solar
very soon destiny 😉
true jasper
I'm not trading right NOW NOW... a few distractions... NEVER TRADE IF THERES EVEN A POSSIBILITY OF DISTRACTIONS... but my rules would've had me enter just a few minutes ago here.
finite vortex
Anybody know the right setup for daily or swing trade on the algo 2.8 pls ?
empty solar
There is no such thing as the right setup 🙂
That's really up to you
also depends on the asset
hidden moss
but there is the wrong setup
hidden moss
illadvised setups
tepid crypt
Gecko, have you guys ever thought of having a MT4 lux indicator with alerts?
empty solar
We love TradingView for now 🙂
true jasper
haha.. I've taken some pretty sucky indicators and slapped an MA on it and it's suddenly a pretty good indicator
just gotta play with settings
ALL THETIME
twilit rock
Who’s the creator of the smma?
true jasper
My SMMA?
twilit rock
Yeah
empty solar
a ssma is just a simple smoothed moving average
true jasper
It doesn't say
empty solar
It's probs built in
true jasper
junior steeple
$NAOV halted
mighty arch
I’m a little slow but what’s the EQ band? Is it like the ichimoku cloud?
empty solar
!resources
frank geodeBOT
Link to our Help Center, many common questions can be answered here: https://luxalgo.com/apps/help-center
empty solar
Our resources do a nice job of explaining 🙂
99% of answers are in there and do a better job of explaining then I can
mighty arch
My bad didn’t know it was on there
empty solar
all good 😄
jagged burrow
Do you know if there is a way to have a alert/sound play when a buy signal or sell signal occurs?
empty solar
When you set the alert I think you can select the sound
mighty bay
@empty solar hey man seems the support/resistance lines got all messed up with this new update
anyone else said anything?
empty solar
Nope they are better than ever 😉
mighty bay
they aren’t anywhere close to how they were before
empty solar
The old ones were awful
But if you like them
Here you go
They are based on pivot points
limpid fossil
The old ones were awful
@empty solar the old one it s just highr and low
mighty bay
maybe help me out on required setting for the new ones?
limpid fossil
maybe help me out on required setting for the new ones?
@mighty bay
hidden moss
the old ones were just highs / lows
empty solar
Yeahhh
limpid fossil
the old ones were just highs / lows
@hidden moss yep
empty solar
So were plotted reterospctively
These are predictive
And live
So way more advanced and better imo 🙂
hidden moss
they arent amazing but they can help a good bit
hidden moss
ive seeen them be completly ignored but ive seen them predict perfectly too
empty solar
You need to enable them in settings and then zoom out / change the filter
They are not pivot points like the old ones
limpid fossil
limpid fossil
almost deafault setting
would anyone mind screenshotting their settings
@mighty bay zoon in o out your chart or change hte color
mighty bay
aight
limpid fossil
ai dont know if you have the same color than SR
rancid moat
Does anyone have the same problem? like the current candle is showing the real color.. not Lux changed color.. is this a glitch or anyone else facing this?
rancid moat
Did it like a few times, even refreshed the page. Still having the same issue.. strange
austere bison
Can you change the scanner timefrom from 2H to 1H?
empty solar
You can set your own alerts but we won't do 1h because it'd spam members wayyyy to often
austere bison
Oke Thanks Sir
limpid fossil
Does anyone have the same problem? like the current candle is showing the real color.. not Lux changed color.. is this a glitch or anyone else facing this?
@rancid moat tradingview problem i see in another script too
pallid isle
Any NOEWEGIANS here?
rancid moat
@rancid moat tradingview problem i see in another script too
@limpid fossil ohhh okay okay, hope they fix it soon
oak carbon
Did you remove HA locked sensitivity?😒
limpid fossil
Did you remove HA locked sensitivity?😒
@oak carbon yes they remove
i thinl its 4.4
oak carbon
Default agility and smoothing?
limpid fossil
It's just HA source
@empty solar its my day off so trying to help a litle bit
buoyant dagger
These reversal bands are insanely good..
fluid vortex
any states based forex traders in here? What broker do you use and why?
celest grail
how can we get the old S/R
warped topaz
that's probably purposeful
grizzled mist
Got it never mind sorry lol 🤦🏼♂️
empty solar
Access to it will be removed in maybe a week
Then we will move it to controlled access
gray pewter
Can we all agree that elon is high as a kite durning this event????
hidden moss
Anyone here trade gold with Lux?
vagrant meadow
@eager fossil does ^!
eager fossil
Hi
celest grail
so any idea of what is the best setting for gold, best timeframe
empty solar
You should be using the timeframe you like 🙂
And then making lux work around you
not working around lux
celest grail
agree, but the problem that i'm just a beginner and need some help or guidance or at least the general basics
empty solar
ahhh then stick with higher timeframes 🙂
Don't try and go <1h
smaller timeframes are harder
celest grail
ok thanks, so i'll reset the setting to default and will wait for the strong signal
celest grail
Thanks alot, I'll try
fluid vortex
damn, one full day of using LuxAlgo and I'm 5 for 5 trading options earlier and now 2 for 3 trading futures!! LuxAlgo is truly incredible tool!!
drifting basin
Is it me or is the forex market dog crap this week?
fluid vortex
Lux Dashboard - is a HUGE advantage
plain epoch
what is your setting @fluid vortex
fluid vortex
for what?
plain epoch
using 5/15m?
fluid vortex
I trade using the 3min and 1min chart with 15min trend confirmation for options and 3min and 1min chart for futures with 3min confirmation, but since /NQ moves so fast the 1min is my primary
and Lux Control is huge confirming the trend direction
of Bulls or Bears
empty solar
@fluid vortex glad you're liking it, people of course like to focus on the signals but other stuff is just as good 😎
fluid vortex
the signals are just part of the process in my opinion because you cannot just rely on the signals @empty solar so glad I found out about Lux Algo
fluid vortex
and now just traded /ES and 2 for 2, this is simply amazing, nice $1,041 profit for the day!!
fluid vortex
yeah, I need to upgrade to the year subscription!!
empty solar
!upgrade
frank geodeBOT
You can upgrade your monthly subscription at anytime during your subscription by purchasing one of our exclusive plans.
Once purchased, we ensure your monthly subscription is cancelled for you and add on the remaining amount of time left to your new plan.
empty solar
If you ever decide 😄
gaunt socket
just a curious question all you guys seems to trade options i'm from sweden and that ain't so popular here so hard to find sites from our country to trade with options, but ain't the tax pretty high for you guys?
fluid vortex
yes, I will, I'm a believer!!!!
true jasper
just a curious question all you guys seems to trade options i'm from sweden and that ain't so popular here so hard to find sites from our country to trade with options, but ain't the tax pretty high for you guys?
@gaunt socket We'll hang out. I'm not a fan of options
FX and Indices leveraged trading here
gaunt socket
because with stocks here we have an ISK account it is called and it makes so you don't need to how to say in english fill in the wins and loses on your own and the tax is really low like 5-10% tops
fluid vortex
I learned options first, then futures and will start forex next week, three revenue streams!!
gaunt socket
hahah yeah bro we can
gaunt socket
the first thing i did was options when i had no clue what anything was just used my stomach feeling and my natural sense of match went from 100$ to 500$ in 4-5 hours but everything has changed since then
yeah it's pretty nicea catually
true jasper
haha... beginner's luck. That's a good thing.
Makes you hungry.
I had the same kind of thing happen to me when I started
made $23,000 first month
gaunt socket
haha yeah you can say that but my account didn't get through verification so got mad and just clicked away all the money xD
wooow
that is nice man congratz 😄
true jasper
lost all of it, AND my first deposit in the next 6 weeks
gaunt socket
woooow hahah damn bro
gaunt socket
hahah yeah atleast it shows it's possible
true jasper
and that's when I busted my ass
gaunt socket
as long you play the cards right
true jasper
and traded demo accounts for a year
gaunt socket
thats good man i have tried a couple of times but can't seem to get intersted when i do fake money XD
i like the challenge xD
true jasper
oh yeah.. takes 10x the discipline as with real money
gaunt socket
got in with stocks maybe 6 months ago and did a trump
asked my father for a small loan
hahahah
he always wanted to help me get an apartment it took some heavy analyzes to convince him
true jasper
but it's like playing a musical instrument. If you get a really shitty guitar, but learn how to play it well... when you pick up that $5,000 Gibson, you sound like a God
getting a loan is smart
other people's money
gaunt socket
so he took a loan in his name and gave me 15000$ did som bad investments but mostly good in the beginning
i'm up 5000$ since then
true jasper
good work
true jasper
How long you subscribed to Lux?
gaunt socket
not long since maybe 1-2 weeks ago but have been haveing my eyes on it for over a month
true jasper
nice
I spent 2 full weeks just playing with settings on all the pairs and indices I trade
gaunt socket
and saw some real potential so took some win money and got a year subsription mostly for see what it says compared to my trades
true jasper
then, 2 weeks in demo accounts
rancid moat
made $23,000 first month
@true jasper you made23k with lux?
gaunt socket
thats dedicaton at it's highest
true jasper
@true jasper you made23k with lux?
@rancid moat lol.. nooooo
gaunt socket
respect bro
true jasper
back when I first started trading in 2017
true jasper
here's an important hint, folks.. the pros NEVER share how much their making
empty solar
^ Never a good idea
true jasper
so.. if you see an ad somewhere and they're posting money shots, RUN
gaunt socket
hahaha yeah these ads today
gaunt socket
it started with forum manipulation
true jasper
naturally
gaunt socket
now they even try to trick in people who have no clue what the market is to just put their money there so they can take it
true jasper
The most I'll share is pips. I never even reveal how much I risk/pip
gaunt socket
mostly corona who made me get into stocks to
true jasper
Yeah.. it's a freaking bloodbath - especially when volumes go up
gaunt socket
felt like it was all an hoax since i first heard it
and that it's purpose was to get control on the masses
whats your guys opinon on corona just for fun
empty solar
hahahah yeah best not start that convo here it will get spicy 😉
The chat will become a bloodbath
gaunt socket
hahaha is that so okay
drifting basin
I just had an epiphany. I’m looking at the slow ranging forex market on the higher timeframes. So I go “why not scalp on the lower timeframes?”
Wow! I’m blown away at how useful Lux is at scalping
Quick easy results!
whats your guys opinon on corona just for fun
@gaunt socket I’m of the opinion that there are bigger things about to happen of Nature that the world governments are trying to get ahead of.
Using Covid-19 as a way to put certain things in place ahead of time
true jasper
Yeah.. I never scalped much, and when I did, it was stressful
drifting basin
Yeah.. I never scalped much, and when I did, it was stressful
@true jasper to me it’s the same thing that happens on the higher timeframes but more opportunity.
true jasper
exactly
drifting basin
Profit picked up fast. Lightning speed!
true jasper
I need just a couple more indicators when I scalp, but otherwise... Lux makes it way less stressful
but see, I only scalp the indices. Forex, I stick to the 4hr... sometimes 2hr... and that gives me my conservative 15-20%/mo
wraith sonnet
do you guys combine lux with somethng else or solely using lux as trade entry?
true jasper
Just my preference
drifting basin
I never really liked scalping but now I’m seeing the benefits
true jasper
do you guys combine lux with somethng else or solely using lux as trade entry?
@wraith sonnet depends on the asset
wraith sonnet
forex
wraith sonnet
well as general, lets say
true jasper
But I have three entries I watch
drifting basin
I use a multi moving average from another strategy I used on MT4
wraith sonnet
because honestly I havent find a good setting just for lux
and I am pretty conservative, using high tf
i feel like so many false signals
again, just lux
drifting basin
I just use the default settings and they seem good enough but you need another indicator to confirm the signals.
true jasper
The fast edge of the EQ is sometimes nice
I'll use the buy/sell/strong signals as designed for some
Then, I also have some where I need to see a MA cross WITH a lux signal
wraith sonnet
yeah, i feel like i need an MA or baseline to filter
true jasper
yep.. and I'll use my ASO as a confirmation LOTS
wraith sonnet
and I only take strong signal and ignore normal buy/sell
true jasper
almost 100% of the time
wraith sonnet
what is ASO?
true jasper
Absolute Strength Oscillator... it's actually a histogram in TV, but I take away the bars and just paint lines
drifting basin
true jasper
I absolutely LOVE seeing the bulls and bears segregated
if there's a long signal, but I don't see the bulls having strength, I don't take it
wraith sonnet
ok, worth trying. thanks for suggestion
yeah, i feel like i need a filter like that
so that i dont take all the strong signals
true jasper
HUGELY helpful
yeah.. not all signals should be taken
But they should be evaluated
wraith sonnet
yeah, i just testing lux as is, just to get some ideas
true jasper
good good
wraith sonnet
actually for high sensitivity, its not bad by it self
hidden moss
klawzeus, how to get this absolute strength indicator? Can you share pls
vagrant meadow
I am 99% sure the ad I just saw for a “breakthrough” algo was a screenshot of Lux 😂😳🥴
hidden moss
Looks neat ..
Thanks !!
So basically, we need a strong BUY and light green
to enter
and STRONG Sell and RED to confirm?
true jasper
that's what I do, yes
it helps minimize losses
If there's a strong sell, but the bears aren't strong, I don't take it
true jasper
it's ok if the bear line is below the bull line - as long as it's strengthening and the bulls are weakening
hidden moss
the bears aren't strong? LUX Dashboard bears % ?
true jasper
na.. the ASO
hidden moss
ok
true jasper
So that Strong signal has the ASO showing the bears are getting stronger and the bulls getting weaker
so it's good
hidden moss
by strength, you mean red line going high and green line going down on ASO..
analog onyx
Oh the absolute strength histogram
How nostalgic uwu
That code is originally mine
Feast your eyes! But it's an old one to, the free scripts that will be posted on the LuxAlgo account aim to work well with the premium indicators
true jasper
just the SMMA
hidden moss
Guys, I have tried two days to send auto orders based on LUX signal .. couple of issues .. slow data on TV.. despite a premium account .. and coding needed to run Python bot to send orders.. I have Trade Station account.. which allows Auto orders based on a strategy .. Any idea how to send LUX signals tjere or get the basic script converted to TS ?
true jasper
good work @hidden moss - demo accounts are so underrated
hidden moss
Agreed im finding my mistakes and loving it
hidden moss
Yesterday was alot bigger than today but im making up losses from this morning
frail pond
So what sensitivity do y'all like to use for swing trading in order to avoid the pdt rule
drifting basin
@true jasper Thanks a lot for the intro to the ASH indicator. That is sooooo useful
drifting basin
I see it show basically the same thing that I had rigged up with the multiple moving averages. Only problem with my setup is it moved when you move the chart and was causing me a lot of confusion.
My setup works best on MT4
true jasper
ahh
yep.. I have a few things i use on MT4 as well..
mainly just the ATR though
because my broker is sometimes 1-3 pips off TV
Movement is accurate, but sometimes the ATR differs just enough that I like to go off that
brittle quail
how everyone doing today?
drifting basin
@true jasper what broker do you use?
true jasper
I'm on JAFX right now... switching to TradeViewForex in the next few weeks
drifting basin
Hmm I'm looking at TradeViewForex website now. Looks pretty good.
loud quail
ODANA good?
true jasper
I'm sure it is.. I'm illegible for an account with most of those brokers
dim mountain
@loud quail OANDA, Forex.com, IG market they all are good and legit, compare their spread price before you choose one! you always need tight spreads as a broker!
as a trader*
loud quail
Yeah I’ve been paper trading on OANDA and I’ve been turning a profit I just wanted to make sure nothing was going to change once I use real money
Like the leverage won’t change or anything
wraith sonnet
Oanda is good. I am with Oanda. Leverage is 1:50 max though. Some people like higher leverage
dim mountain
@loud quail it will change your mindset will be diff and also the broker commission might cut your profit which you don't experience on paper trading!
loud quail
Broker commission?
marble grove
Yo i need help how do i turn OFF alerts please help phone wont stop lol.
true jasper
The amount of leverage you have doesn't change your money management... it simply changes the balance you're able to start with
I chose JAFX simply because I could get money in and out FAST
dim mountain
@loud quail A broker gets paid on commission for helping clients buy and sell investment tools like stocks, bonds and mutual funds. To buy and sell stocks, bonds and mutual funds, you need a broker. ... Brokers make money by charging commissions on each trade and collecting fees from investors.
loud quail
How much is the fee
dim mountain
@true jasper JAFX are they regulated ?
true jasper
Nope. But that doesn't mean a whole hell of a lot these days
there are regulated ones that are reallly bad
marble grove
@loud quail on the app? I dont see it. Screen shot?
loud quail
Damn
It’s all at the top of the screen. Top left corner is 3 lines then at top right corner is 3 dots then scroll down to notifications
So I’ll pay a few cents per transaction or a few cents per unit
true jasper
Yep.
marble grove
@loud quail
true jasper
and there are fees called a 'swap' if you hold a trade through one day to the next
marble grove
After i tap the 3 lines top left.. no dots..
loud quail
Sorry I thought you were talking about discord
😂😂
I don’t know how to turn notifications on
loud quail
Wait do a pay per transaction or per unit
true jasper
different brokers have different amounts they charge
It's good to run demo accounts through them to get those details
loud quail
Appreciate it
true jasper
No problem-o
frail pond
What's y'all's watchlist for tomorrow
analog onyx
What's y'all's watchlist for tomorrow
@frail pond soda related stocks, I trade what I drink
crude herald
Can someone suggest me good setting for forex?
hidden moss
@crude herald
hidden moss
i like to trade 2h
empty solar
what else you use to trade
hidden moss
oI trade between 4.25-5.75 depending on th pair
crude herald
I'd like to trade on 2h,4h.. But i'm new to this world so i'm not really good at trading (i lost 25€ on real)
hidden moss
we all start somewhere I mean im still trading my paper account
empty solar
If you're newer to trading do you have a technique?
Or are you following signals blindly?
crude herald
Yes i'd like to trade on critical support and resistance, with candlesticks strategies like hammer pin bar engulfing and harmonic patterns
hidden moss
that would seem to well with signals and bands
empty solar
Yeah that in theory should work nice with bands and sigs
hidden moss
In theory 
wraith relic
I assume upgrading to a yearly plan on Lux automatically overrides my monthly plan right?
empty solar
@wraith relic Yes sir 🙂
wraith relic
sweet!
wild palm
@empty solar that reminds me, forgot to ask - is the discounted price on the quarterly and yearly memberships with or without the FLASH20 code applied?
empty solar
I believe you can apply flash20 ontop of them 🙂
So they are discounted as standard
Then you can apply another on top
empty solar
So the website's displayed price is without 😉
wild palm
that quarterly membership looking awfully tempting 
empty solar
idk really but they do look pretty
hidden moss
superb techinical analysis
wild palm
no not tf as in dafuck as in time frame LOL
wild palm
👌
hidden moss
its on my paper acct
true jasper
haha
hidden moss
soooooo I wouldnt follow my trade
hidden moss
although im up 70points
wild palm
noice 🙂
true jasper
I find us30 on 15m more stressful than the 1m
rancid moat
Which timeframe you guys suggest us30?
true jasper
depends
you need a LOT of capital to trade the 1D
smaller the balance, the smaller the timeframe.
Don't risk more than 3% at a SL of ATRx2.0
ATR1.5 IF you can get above 70% accuracy
and trade for 3 months on demo until you get the hang of it
the us30 is an unforgiving bitch and will bite your head off
I'll do 10% in one day NO problem... but only if I keep my phone out of the room, make it dark, and I listen to binaural beats
never scalp and think you can do something else
hidden moss
I am willing to pay the 60usd a month just to use on paper trading it aint that much
Poggers reaching my first zone soon
scarlet mantle
Poggers
hidden moss
lets go 100 pips in profit rn
mild bloom
Any forex scalpers out there? I’m profitable but not a lot. What TF do you use, settings, and strategy?
true jasper
I don't scalp FX.. just us30
dreamy reef
@mild bloom Rsi & Moving average crossover stradegy, I use the signals as confirmation. Any time frame 30min and up.
mild bloom
@true jasper what is your scalping strategy for us30 index?
@dreamy reef I’ll have to check this out thank you. Do you trade only with the trend?
true jasper
I really need to make that video
you're like the 5th person to ask me that this week already 🙂
mild bloom
@true jasper do ittttttt
dreamy reef
@mild bloom Yes
mild bloom
Thanks @dreamy reef
@true jasper would you explain it now so I don’t have to wait?? Hahaha
empty solar
Poor klaw
true jasper
- Upon price action crossing the leading edge of the EQ band, check:
- Strength must indicate similar direction
- Volatility must be above 30%
- Oscillator trend must NOT be older than 7 candles
- SL = ATRx2.0, TP1 = ATRx2.0, TP2 = TS@ATR1.5
- Exit if price crosses SMMA
true jasper
That's the strategy's rules
sweet crow
lol ought to make a hotlink
true jasper
if you want.. you can search my username and find my screenshots of my indicator settings on page 7
But again.. the video will be epic. I'm going to trade for two hours and explain everything... I can usually see every scenario within a two hour trading session
true jasper
Yesterday at 11:22am MST, (22 hours ago) I shared all my screenshots
I don't use HA when scalping us30, no
bars
hidden moss
Thanks
true jasper
I primarily use HA on 4hr charts with FX pairs...
and then SOMETIMES... I'll switch to HA if I'm in a trade - and use them as an exit indicator
hidden moss
I’m on Fx only.
true jasper
disclaimer: I do NOT have a user-friendly approach to trading EVERYTHING.. I have asbergers, so please never expect to trade like me... and don't look up to me for it either. It's extremely limiting
I trade 28 FX pairs and I have 23 different configurations of indicators at different settings
It's not at all one-size-fits all
so yeah.. hence why my social skills really lack
hidden moss
rip batteryday
hidden moss
i get sidetracked too often tho
wraith sonnet
thank you @true jasper, i am learning a lot from you
acoustic pecan
Do any of you scalp?
I scalp because I can’t hold trades for more than a day
Because I can’t take swap fees because of religious reasons
And I’m located in Canada so there’s no broker that offers swap free accounts 😭
sweet goblet
I scalp because my hands are weak to swing lol
sweet goblet
On what time frame ?
sweet goblet
Same
acoustic pecan
Wow thts crazy 😂
sweet goblet
I just got Lux so I’ve been using the default settings.
acoustic pecan
Ooo
sweet goblet
How do you like 6.35?
acoustic pecan
Lux is def gonna be extremely helpful
It’s really good
ESP cuz it’s on a lower time frame
It picks up profitable trades easily
sweet goblet
Yeah I sold ZM way too soon this morning but Lux showed bright green candles lol so still getting use to it
acoustic pecan
Perfect
sweet goblet
I did about 26% but had I held would of been like 75% profit
fleet stream
You guys can move to Legacy FX it’s complete swap free
scarlet salmon
how do I read the directional matrix?
ocean snow
nice put on roku thx to algo
i was in the car and i got the alert
i went back int he house got in and made money
elder anvil
I scalp on 6.35 sensitivity
@acoustic pecan Do you use that setting on several pairs or just 1?
hidden moss
BTC/USD 
hidden moss
not today 
hidden moss
it took 5 days to go from 9.5k € to 10k € (25aug to 1st sept)
might go faster this time but i would say at least 2 days
wild palm
sideways action very likely
tardy maple
Any thoughts on $COST
dry rain
If anyone is a fan of trading indices I found some settings that aren’t too bad. Figured I’d share. FYI These settings are rather weird on pairs
fallen nacelle
@dry rain thanks will be using
tardy maple
Love my life sometimes....I just sit here all day and throw money at my laptop. Let’s GO $SPY stop playing
hidden moss
If anyone is a fan of trading indices I found some settings that aren’t too bad. Figured I’d share. FYI These settings are rather weird on pairs
@dry rain will give a look thanks
frigid tundra
!scanners
frank geodeBOT
Everything you need to know about our Automated Market Scanners in Discord: https://luxalgo.com/apps/help-center#!hc-automated-market-scanners
rancid moat
@dry rain which timeframe is this?
dry rain
@rancid moat I’ve noticed the 1 hour and 15 min don’t have a lot of noise. Of course it’s just a starting point and you can tweak with the settings as you’d like. Just wanted to share
rancid moat
Oh okay imma give it a try thanks
last elbow
@frank geode enjoying updates. Any accuracy upgrades or improvements done to actual signals over last two updates?
analog onyx
@frank geode enjoying updates. Any accuracy upgrades or improvements done to actual signals over last two updates?
@last elbow The 2.8 did not change the signal logics, only new features. We are working on making better signals and they should arrive in a future update :)
loud quail
I’m up 20% in 2 days on my paper trading forex account. Is this normal????
vagrant meadow
on how many trades? If you’ve taken 20,30,40 trades then it sounds like you’ve got a solid system! If it’s on 5,6, even 10 trades then it’s still good but sounds like you’ve hit a winning streak and going in too heavily, so your loss will be detrimental. So I guess what I’m saying is without more context I can’t tell you LOL
thin trail
!affiliate
frank geodeBOT
Sign up to be an affiliate for Lux Algo: https://luxalgo.refersion.com/?oid=74006
thin trail
@ocean snow
warped holly
Dear Traders, based on your experience with Lux Algo what are best settings for 5m and 15m timeframes?
thin trail
#706894045556899933 - impossible to say @warped holly
fluid vortex
just made $825 with ES in 20min and Lux confirmed the signals!!!
empty solar
Dmoff kiling it 👑
fluid vortex
3rd day using it, $2,358 profit
fluid vortex
yeah, this is insane the confirmation it gives me is just incredible, once I'm in a trade I really just watch the Lux Control to determine the trend
frozen stream
damn why cant i have that type of luck with lux algo lol
and finally stocks came up at 330pm and i didnt even see it! would be up big right now lol
@fluid vortex what time frame you using?
fluid vortex
it's not luck at all, I wait patiently for the right confirmations, I primarily use the 1min and 3min time frames for both futures and options
ocean snow
it's not luck at all, I wait patiently for the right confirmations, I primarily use the 1min and 3min time frames for both futures and options
@fluid vortex whats yours settings for options on the 3 min?
frozen stream
anyone know if you can trade futures on tastyworks?
frozen stream
need a margin account right cant be cash account
warped nova
yes
frozen stream
ok cool thank you
fluid vortex
@ocean snow I'm using the standard settings
predictive support and resistance are also very helpful
frozen stream
are you just picking any stocks when you do options and just waiting for the bounce? @fluid vortex
tribal pendant
@fluid vortex I was planning on trading some options tomorrow. Hopefully my luck is as good as yours. Trying to pay for this subscription I just bought 🤣
fluid vortex
I mainly trade QQQ because it's so liquid and ES and NQ for futures
frozen stream
ok sounds good
fluid vortex
No luck involved at all, just made another $625 on ES
frozen stream
damn
tribal pendant
So I’m guessing you’re buying puts on ES then lol
I’m gonna do some calls on amd tomorrow I think
Maybe some snap
frozen stream
what are good stocks to day trade on small accounts?
fluid vortex
yes, but I came to the conclusion using Lux, I got in on the first leg down and then you see on the 3min it bounced off the predictive support and resistance so I got back in again!!
SPY and QQQ are great with small accounts because they are so liquid, IWM is also good, it moves slower though
I like to keep things simple and trade options and futures with just a few tickers that are the most liquid and not chase the unicorns!!
I'm going to try forex next!!
frozen stream
i love the plan @fluid vortex ! let me know how forex goes!
tribal pendant
I’ve def been looking at spy too. I’ve also been looking at forex as well but I’m having a hard time wrapping me head around it atm lol
Been looking at stocks for too long
fluid vortex
you should also look at futures!! Easy money to be made!!
cedar heart
Yea I wanna try forex aswell
fluid vortex
simply buy and sell, no expiry or strikes to worry about like options
I started futures 2 weeks ago and wish I had learned it before options, it's seriously so easy
a buddy of mine is crushing it with forex so wanna try that next!!
empty solar
forex apparently with the algo is a lil harder
From what i've heard
But some people do kill it
fluid vortex
my buddy doesn't use Lux with forex, so I'm curious to see how it works once I get things going
ocean snow
No luck involved at all, just made another $625 on ES
@fluid vortex whats your setting? 5 2 20?
fluid vortex
I primarily use the 1min and 3min time frames and will look at 15min for a longer trend and my settings are just the standard Lux settings as I tried to mess around with the sensitivity but found it works best as is for those time frames
ES taking another leg down
scapled another $250
ocean snow
Same settings for futures?
fluid vortex
yep same settings for options and futures for me with those time frames, I use TOS to chart longer time frames and technical analysis
tidal pier
whats the ES code on tradeview?
ocean snow
My friend told me i should look into it
tidal pier
ES1!, got it.
fluid vortex
ESZ2020 as you need to be looking at the December contract
I use Infinity to trade futures, only $5 per R/T TD Ameritrade is $7.50
frozen stream
once i get to $2000 ill get a margin account to do futures lol
hidden moss
what futures do u trade tho
tidal pier
isnt it cheaper through interactive brokers?
US-Future and Future Options 0.85 (commission per contract) (for americans)
fluid vortex
yeah, $2k is the min because 50% of it goes into escrow so you can't lose all of your money, so you can trade with $1k which is 2 contracts at $500 each and thats what I trade with every time a 2 dollar move makes you $400 with ES
@hidden moss ES and EQ futures
the most liquid
ones
fluid vortex
I do trade SPY and QQQ and don't have pdt because I have a Tier 2 Cash account with TDA
frozen stream
wow 2 dollar move is $400 thats crazy
fluid vortex
yep
frozen stream
i dont even have 1000 lol ill have to build up to that
fluid vortex
obviously you can also lose $400, but Lux really helps confirm the move before I get in
frozen stream
gotcha
fluid vortex
market opening shortly, I'll check back in later!! Have a great day peeps!!
raven cosmos
Greetings...how do we see support/resistance in LuxAlgo?
hidden moss
under which settings i cant find it either