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Laguerre Trading System
This system works on a 5 minute timeframe and applicable to all major currency pairs.
Forex Indicators:
- EMA 16;
- EMA 48
- Laguerre
Rules for long entry:
- The closing price must be above the EMA 16.
- The EMA 16 must be above the EMA 48
- Laguerre cuts above 0.8 level
Set stop loss to 30 pips from the entry point.
Take profit half of the position when price will reach above 20 pips and take the rest when EMA 16 cuts below EMA 48.
Closing price must stay below the EMA 48 on a 5 minute chart.
Rules for short entry:
- The closing price must stay below the EMA 16.
- The EMA 16 must cut or stays below EMA 48
- Laguerre cuts below 0.2 level
Set stop loss to 30 pips from the entry point.
Take profit half of your position when price will reach below 20 pips and take the rest when the EMA 16 cuts above EMA 48.
Closing price must stay above the EMA 48 on a 5 minute chart.
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