5 min scalping with Laguerre Strategy For MT4

5 min scalping with Laguerre Strategy For MT4

Table Of Contents:

  1. 5 min scalping with Laguerre Strategy For MT4
  2. 5 min scalping with Laguerre Strategy For MT4 – Long positions
  3. 5 min scalping with Laguerre Strategy For MT4 – Short positions
  4. Is the 5 min scalping with Laguerre Strategy For MT4 profitable?


Please note: This strategy was publicly published in the trading community and is free to use. We do NOT make an attempt to decide if this strategy is profitable or not, because we know that the major factors regarding trading results are the skills/experience of the trader who executes the strategy. Therefore, we are mainly explaining the components and rules of the strategy. If applicable, we are highlighting advantages, disadvantages and possible improvements of the strategy.


The 5 min scalping with Laguerre Strategy For MT4 is a trend following trading strategy which makes use of the pulse indicator which behaves like a moving average line. It changes color depending on as in when the markets are moving in an uptrend or in a downtrend. This trading strategy is recommended to be used on the five minute chart timeframe. Overall, the number of indicators used in this trading system are only three.



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While we have the pulse indicator on the main price chart, there is the pro FX indicator in the first sub window of the trading system. This indicator behaves like a histogram which revolves around the zero line. Buy and sell signals can be determined based on how the histogram is positioned. On the same sub window, we also have the Laguerre ASC indicator which is overlaid. As a result, the combination of both these two indicators resembled somewhat like the traditional MACD indicator.


The market trends can be determined based on how the pulse indicator is positioned. Following this, traders can look to the indicators in the sub window to pick up the turning points in the price. As you can see, this trading system is rather simple and easy to use. The charts are not cluttered at all and therefore makes it easy for anyone to get started in trading with the 5-minute scalping with Laguerre strategy.


Although the title of this trading strategy suggests that it is a 5 minute scalping strategy, traders can extend this on to other chart timeframes as well. As a result, the 5-minute scalping with Laguerre strategy can be used for swing trading as well.


There are many different ways on how you can put this trading strategy to work. While we show one of these methods, traders can also make use of other concepts such as applying divergences by looking at the pro FX oscillator in the sub window.


This is a trading system which is quite simple but also very promising. Therefore, if traders spend enough time in understanding how this trading strategy works, you would be easily able to convert this into a consistently profitable forex trading system.


One of the points to note is that as with any trend following trading strategy, the 5--minute scalping with Laguerre strategy is also susceptible to ranging markets. However traders can avoid this by looking at the signals from the pro FX oscillator in the sub window.


Let's now take a look at how you can trade long and short positions using 5-minute scalping with Laguerre strategy for MT4.




5 min scalping with Laguerre Strategy For MT4 – Long positions




To take long positions using the 5-minute scalping with Laguerre strategy, you should wait for the pulse slope indicator to turn blue. This usually happens when you see that the market trend is moving to the upside. Following this, you should wait for price to make a swing high and then make retracement back lower.


At the same time, the retracement should also form a higher low. Following this pattern, you can then set up a long position at the previous swing high that has formed. The stop loss would be set to the swing low that formed and based on this; you can set up your calculated risk to reward ratio for your take profit levels.


By the time your pending long order is triggered, the pro FX indicator in the first sub window should ideally be turning below the zero line. This will confirm that the market momentum is to the upside. The Laguerre Oscillator will also be turning below the zero line and confirming this bias.




5 min scalping with Laguerre Strategy For MT4 – Short positions




To take short positions using the 5-minute scalping with Laguerre strategy, you should wait for the pulse slope indicator to turn red. This usually happens when you see that the market trend is moving to the downside. Following this, you should wait for price to make a swing low and then make retracement back higher.


At the same time, the retracement should also form a lower high. Following this pattern, you can then set up a short position at the previous swing low that has formed. The stop loss would be set to the swing high that formed and based on this; you can set up your calculated risk to reward ratio for your take profit levels.


By the time your pending short order is triggered, the pro FX indicator in the first sub window should ideally be turning below the zero line. This will confirm that the market momentum is to the downside. The Laguerre Oscillator will also be turning below the zero line and confirming this bias.




Is the 5 min scalping with Laguerre Strategy For MT4 profitable?


The 5-minute scalping with Laguerre strategy is a simple forex trading system which partly follows the concept of trend following. There is nothing quite unique about this trading system so don't really expect any big edge in the market when trading with the 5-minute scalping with Laguerre strategy.


the choice of indicators used in this trading strategy are quite simple and it makes it easy for even beginners to understand how this trading system works and they can immediately get started with this strategy. Although the trading system suggest using this on the five minute chart time frame, you can make use of this on any timeframe horizon of your choice. This is made possible by the fact that there are no other additional indicators in this trading strategy.


While the 5-minute scalping with Laguerre strategy clearly states that the trading system is built upon the Laguerre indicator, this indicator is merely confined as a way to confirm the trading signals. In fact, most of the heavy lifting comes from the main pulse indicator on the price chart.


Due to the simplicity of this trading system, traders can look at experimenting with this strategy. This means making use of additional indicators such as the intraday pivot levels in order to set your take profit levels when trading on the five minute chart time frame. On the longer horizons, you could make use of this trading system as a trend following strategy.

Download the complete system description and the files here:

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