We test trading ideas and show what holds.
Algorex is a trader's workshop: free tools for MetaTrader and TradingView, research written up in the open, one-to-one sessions, and expert advisors and indicators built to mandate. Every idea runs on professional exchange data before it is published. Trading is a craft; the machine does not replace the trader, it covers his back.
Behind it is one trader with about thirty years in markets: the craft learned in an interbank dealing room, prop trading again and again ever since. About →
Tools
Nine free tools for MetaTrader 5, MetaTrader 4 and TradingView, among them Combo Lab, a test bench for your own trading ideas, and the Liquidity Radar. Each was built for one moment at the screen.
Research
Claims from books, courses and statistics sheets, tested in mechanical form on futures data. What holds is written up, and so is what does not.
Sessions
Sixty minutes by video call on your setup, your rules and your trading day. Expert advisors and indicators are built to mandate.
Where do you want to start?
New to trading
Start with the vocabulary and the daily routine, before any system.
Trading on MetaTrader or TradingView
Free tools, the moment at the screen each was built for, and a session on your own setup.
Prop and desk
The rule set, the research behind it, the test record, and what is built to mandate.
The lab: test your own idea
The method behind this site, as a free tool. Combo Lab lets you build a trading idea from blocks in the MetaTrader Strategy Tester and find out for yourself whether it holds: in both halves of the test, without its few best trades, with higher costs, and against plain chance.
A laboratory, not a signal. No setting in it is a recommendation.
What I use every day
The Algorex Liquidity Radar keeps an inventory of the levels the market works with: the Asia, London and New York session highs and lows, the previous day's high and low and the opening ranges, and for each one whether it is still open or has been taken.
It reads no order flow and gives no signal. It is a location tool. PRO, 39 USD: for MetaTrader in the MQL5 Market, for TradingView by invitation after payment.
Case study: one system, every test
The NY Liquidity Model is one example of how we build and test. It trades the E-mini Nasdaq-100 future on one rule set. We ran it through five tests that differ in period, data and fill model. The strictest test and the longest history give the lowest figures. Plan with those, not with the first.
The system wins rarely and loses small. Three of four trades end at the stop, at break-even or by the time exit; the winners run to the next liquidity level. A low hit rate with winners several times the size of the losers is the signature of this approach, and it is why the rules matter more than the hit rate. All figures are hypothetical backtest results on one Micro contract.
We publish the rules before we sell the software.
Research
Why a daily target halves the result
A fixed 200 $ target per day cuts the year's profit in half. A time limit on losing trades costs nothing and lowers the drawdown. The difference is which trades you cut.
Direction is the lever
The same entry rules make 4 845 $ with a thirty-minute direction read and 11 400 $ with perfect foresight. Everything in between is where the work is.
No edge without the gap
Opening range breakouts in 120 variants and opening retracements in 78 variants, on the same data: nothing. The sweep followed by a fair value gap is the only pattern that paid.