Verdict
you want to start free, backtest in the same conversation (with a trade log, Monte Carlo and prop-firm checks), use LuxAlgo's Vela charts and 800+ free indicators, and value a company that has been around since 2020.
you want code to paste into TradingView or attach to MetaTrader 5, MQL5 Expert Advisors compiled in MetaEditor, Python crypto bots, or a one-time price of $49 instead of a subscription.
At a glance
| Aspect | Edgoro | LuxAlgo Quant |
|---|---|---|
| Pricing | $29/month or $49 once (Lifetime). MT5 and Python bots are an option: +$25 at checkout or $49 later | Free plan; Essential $24.99, Premium $39.99, Ultimate $59.99, AI Ultra $119.99 a month (less per month yearly). Quant has no separate price |
| Pine Script v6 | Yes, always v6 | Yes: writes standard Pine Script and ports older scripts to v6. Runs on LuxAlgo's Vela charts through its PineTS runtime |
| MT5 / MQL5 | Yes, MQL5 Expert Advisors (bots option). No MQL4 | Not mentioned |
| Python bots | Yes, ccxt bots for Binance, Bybit and OKX (bots option) | Not mentioned |
| Compile check | MQL5 compiled in MetaEditor and Python checked with py_compile; Pine Script checked by Edgoro Pine Check, our own v6 checker (not TradingView's compiler). Up to 2 automatic fixes | Says Quant checks every line and won't hand over a script it can't run (on PineTS, not TradingView's compiler) |
| Chart analysis | Yes, from a screenshot of any chart, in both plans | Draws fair value gaps, liquidity, structure and levels on Vela charts; rebuilds a chart screenshot as a script |
| Backtesting | Pine strategies ready for TradingView's Strategy Tester; Backtest Lab option ($9/month) on crypto history | Built in: performance, trade log, Monte Carlo and prop-firm checks, in the same conversation |
| Free option | Free Pine Script generator (3 scripts a month, no account), error fixer, strategy builder, 33 calculators and an indicator library. No free tier for the builder | Yes: free plan with Quant usage that refills every 5 hours and weekly, plus 800+ free indicators |
| Refunds | 7-day money-back guarantee on an unused first purchase | 30-day money-back guarantee on the first payment |
What each tool is
LuxAlgo Quant is the coding agent built into Vela, LuxAlgo's charting platform. It writes indicators and strategies in Pine Script, ports older scripts to v6, backtests what it builds in the same conversation, marks up charts and can propose paper trades that you approve. Pine Script runs on Vela through PineTS, LuxAlgo's own runtime; LuxAlgo says Quant writes standard Pine Script, so its scripts also paste onto a TradingView chart. Quant is included in every LuxAlgo plan, the free one too, with usage limits that grow with the plan.
Edgoro turns a plain-English description into a TradingView indicator or strategy in Pine Script v6, and analyses chart screenshots. MetaTrader 5 Expert Advisors in MQL5 and Python crypto bots are an option on top of a plan; each EA is compiled in MetaEditor before you get it, with up to two automatic fixes. It launched in November 2026 and is built by a small company in France. Plans are Pro Monthly at $29 a month or Lifetime at $49 once.
Where LuxAlgo Quant is stronger
- A free plan. Every LuxAlgo account includes Quant usage that refills every five hours and every week, with no card needed. Edgoro has no free tier for its builder.
- Backtests in the conversation. Quant reports performance, the trade log, a Monte Carlo simulation and prop-firm challenge checks without leaving the chat. Edgoro hands you strategy code for TradingView's Strategy Tester, and its Backtest Lab option covers crypto only.
- A full charting platform and library. Vela charts, the order-flow suite and 800+ free indicators come with the account.
- Track record and refunds. LuxAlgo was founded in 2020 and its paid plans carry a 30-day money-back guarantee on the first payment, against Edgoro's 7 days on an unused first purchase.
Where Edgoro is different
- Built for TradingView and MetaTrader 5 themselves. Edgoro's scripts are written for TradingView's Pine Editor, where you compile and run them. Quant's home is Vela, and LuxAlgo's PineTS runtime is not TradingView's compiler, so check a Quant script in TradingView before you rely on it there.
- MT5 and Python. With the bots option, Edgoro writes MQL5 Expert Advisors compiled in MetaEditor (up to two automatic fixes) and Python crypto bots for Binance, Bybit and OKX. LuxAlgo's pages don't mention MetaTrader or Python.
- Pay once. Edgoro Lifetime is $49 once. LuxAlgo's paid plans are subscriptions from $24.99 a month.
- Chart analysis from any screenshot, whatever platform the chart comes from.
A note on LuxAlgo's AI backtesting assistant
LuxAlgo's AI Backtesting Assistant, now called Strategy Screener, searches backtests of strategies built from LuxAlgo's own toolkits rather than writing new code. Its documentation says Strategy Screener and its alerts retire on 14 November 2026; Quant is the tool that writes and backtests custom strategies.
Frequently asked questions
Is LuxAlgo Quant free?
Quant is included in every LuxAlgo plan, including the free one, with usage that refills every five hours and every week. Paid plans run from $24.99 to $119.99 a month (less per month when paid yearly) and raise the usage limits.
Do LuxAlgo Quant scripts work on TradingView?
LuxAlgo says Quant writes standard Pine Script, so its scripts also paste onto a TradingView chart. Quant itself runs scripts on Vela through LuxAlgo's PineTS runtime, so compile and test a script in TradingView before you rely on it there.
Can either tool write MT5 Expert Advisors?
Edgoro can, with its trading bots option: MQL5 Expert Advisors compiled in MetaEditor before delivery. LuxAlgo's Quant and pricing pages don't mention MetaTrader or MQL5.
Which has the better refund policy?
LuxAlgo offers 30 days on the first payment of a paid plan. Edgoro offers 7 days on a first purchase, as long as the account hasn't been used yet.
Sources
- LuxAlgo Quant · checked on
- LuxAlgo pricing · checked on
- LuxAlgo: Pine Script on Vela · checked on
- About LuxAlgo · checked on
- LuxAlgo docs: AI Backtesting / Strategy Screener · checked on
- Edgoro pricing · checked on
- Edgoro refund policy · checked on
- Edgoro Pine Script generator: what it writes and its limits · checked on
- Edgoro MT5 Expert Advisor generator: compile check · checked on
Product names belong to their owners and are used only to identify the products compared. Spotted something out of date? Write to support@edgoro.com and we'll correct it. Trading involves substantial risk of loss and is not suitable for every investor. Edgoro is a software tool, not a broker or financial adviser: nothing it produces is investment advice, and past or backtested performance does not guarantee future results.