How to automate LuxAlgo Indicator



In this article, we will show you how to create a TradingView alert for the Free LuxAlgo indicator and create a bot based on this indicator. In the same method, you can automate any Free LuxAlgo indicator on WunderTrading.

What is LuxAlgo

Lux Algo is a smart tool for people who trade in financial markets like forex, cryptocurrencies, and stocks. It helps traders make better decisions by giving them real-time alerts, detailed charts, and a bunch of premium indicators. Lux Algo's special algorithm helps traders improve their trading strategies and make smart trades, whether they're trading daily or holding positions for a little longer. LuxAlgo has a vast number of indicators that are available for free, but if you would like to automate the paid indicators then use our referral link 

Why use LuxAlgo indicators

Instant Alerts: Lux Algo gives you real-time notifications based on its built-in algorithm's analysis of trading indicators. These alerts can help you fine-tune your trading strategies and make intelligent trades.

Advanced Charts: Lux Algo offers advanced charts that make it easier to see what's happening in the financial market. These charts help you grasp market trends and make wiser decisions.

Special Indicators: Lux Algo provides various special indicators that offer insights into market trends and potential trading chances.

Community Support: Lux Algo has an active community on Discord where traders can share ideas, seek advice, and support each other.

Broad Compatibility: Lux Algo works well with many markets, including stocks, cryptocurrencies, forex, and indices. Its flexibility makes it a valuable tool for all kinds of traders.

Where I can find LuxAlgo indicators?

Getting started with LuxAlgo indicators is a straightforward process. Here's a detailed breakdown of the steps:

  • Begin by launching TradingView, the platform where you can access LuxAlgo's indicators.
  • Once you're on TradingView, locate and click on the "Indicators" tab. It's typically found in the charting interface.
  • Within the "Indicators" tab, you'll see a search field. Type "Luxalgo" into this search field and hit enter.
  • Your search for "Luxalgo" will yield a comprehensive list of indicators that have been specifically developed by the LuxAlgo team. This list comprises a variety of tools designed to assist traders in their analysis and decision-making.
  • Now, from this list, you have the option to choose any of the free indicators. These indicators are readily available for you to use without any cost.

Once you've selected the free indicator that suits your needs, it will be instantly and automatically applied to the chart you are currently viewing. This means you can start benefiting from the insights and signals provided by LuxAlgo's indicators without any complicated setup.

LuxAlgo alert automation.

You can automate any LuxAlgo free indicator in simple steps.

  1. Sign up on WunderTrading and link your API to your preferred exchange for trading. You can find a detailed video guide [Link] on how to do this.
  2. Open the LuxAlgo indicator on your chart. In this example, we'll use "Support and Resistance Levels with Breaks." Adjust the indicator settings to your liking.
  3. Create an alert for long trades. Click the "Alert" tab in TradingView. In the alert settings, select the indicator's name and condition. Set the trigger to "Once Per Bar Close." This ensures the alert triggers every time the condition is met. You can name the alert and insert the comment from your WunderTrading bot in the message field.

  4. For short positions, repeat the same steps to create a new alert. Again, click the "Alert" tab in TradingView, select the indicator and condition, set the trigger to "Once Per Bar Close," and name the alert. Insert the relevant comment from your WunderTrading bot in the message field. 


After setting up the alerts your bot is ready. Wait for the signal and enjoy the automation of free LuxAlgo Indicators


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