Laguerre Trend Forex Trading Strategy

To survive the currency trading niche, one must ensure ownership of a trading strategy that guarantees long term profits.

The Laguerre Trend forex trading strategy is a simple profitable trading strategy designed for every trader who’s looking for long term profits from currency trading.

It consists of the highly popular Laguerre oscillator indicator and one powerful trend trading indicator.

Let’s take a look below at how to put this strategy into action:

Chart Setup

MetaTrader4 Indicators: kijunTenkant.ex4 (default settings), Laguerre.ex4 (default settings)

Preferred Time Frame(s): 1-Minute, 5-Minute, 15-Minute, 30-Minute, 1-Hour, 4-Hour, 1-Day

Recommended Trading Sessions: Any

Currency Pairs: Any pair

Download

Download the Laguerre Trend Forex Trading Strategy

Buy Trade Example

Fig. 1.0

Strategy

Long Entry Rules

Initiate a buy entry if the following indicator or chart setup is put on display:

  1. If the blue line of the kijunTenkant.ex4 custom indicator intersects the indicator’s red line bottom up as shown on Fig. 1.0, price is said to be pressured higher i.e. a trigger to buy the stipulated currency pair.
  2. If the magenta line of the Laguerre custom indicator breaks above the 0.45 level as illustrated on Fig. 1.0, it is a trigger to go bullish on the currency pair of interest.

Stop Loss for Buy Entry: Place stop loss below trading support.

Exit Strategy/Take Profit for Buy Entry

Exit or take profit if the following rules or conditions takes precedence:

  1. If while a buy signal is ongoing, the blue line of the kijunTenkant.ex4 custom indicator crosses its red line in a top downward fashion, then price is said to be halting its bullish stance i.e. an exit or take profit will suffice.
  2. If the magenta line of the Laguerre custom indicator falls below the 0.45 level when a buy alert is running, it is a trigger to exit or take profit at once.

Sell Entry Rules

Enter a sell order if the following holds true:

  1. If the blue line of the kijunTenkant.ex4 custom indicator intersects the indicator’s red line top downward as seen on Fig. 1.1, price is said to be pushed lower i.e. a trigger to sell the designated forex pair.
  2. If the magenta line of the Laguerre custom indicator breaks below the 0.45 level as shown on Fig. 1.1, it is a trigger to go bearish on the currency pair of focus.

Stop Loss for Sell Entry: Place stop loss above trading resistance.

Exit Strategy/Take Profit for Sell Entry

Exit or take profit if the following takes center stage:

  1. If while a sell signal is running, the blue line of the kijunTenkant.ex4 custom indicator crosses its red line in a bottom up manner, it is a pointer that more bears are exiting their position(s), hence an exit or take profit will do.
  2. If the magenta line of the Laguerre custom indicator rises above the 0.45 level when a sell alert is on the trot, it is a trigger to exit or take profit at once.

Sell Trade Example

Fig. 1.1

Free Download

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About The Trading Indicators

The KijunTenkant.ex4 is a forex indicator that is a component of the popular Ichimoko Kinko Hyo trading indicator and finds its use as a metric for medium-term momentum.

The Laguerre custom indicator is an oscillator that oscillates between 0.00 (oversold) and 1.05 (overbought).

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