The Laguerre Forex scalper indicator for MT5 delivers rapid buy/sell signals that work for daily easy pips.
It’s composed of the Laguerre and ATR technical indicators.
Many MT5 traders use this indicator for scalping and day trading currency pairs.
You don’t need prior experience to start using this easy pips scalper.
Buy and sell trends works as follows:
- A blue Laguerre signal line indicates the start of a new short-term uptrending market.
- A red Laguerre signal line indicates the start of a new short-term downtrending market.
This indicator can generate signals on its own or can be combined with other technical indicators and price action methods.
Feel free to experiment with its parameters and settings.
Use it on any Metatrader 5 symbol of your preference (currency pairs, indices, stocks, commodities, metals,..)
Download This MT5 Forex Indicator Free
Download the “atr-adaptive-laguerre-rsi.mq5” Metatrader 5 indicator
Laguerre Forex Scalper Indicator Chart
Here’s an example of how the indicator should look like when loaded onto the Metatrader 5 chart.
You can apply the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Triggers With Easy Pips Laguerre Forex Scalper Technical Analysis Chart Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Open a new buy trade order when the Laguerre Forex scalper indicator starts painting a blue signal line on the chart. The short-term trend is now bullish.
Place stop loss below short-term support, or use your own stop loss placement method.
Exit the Laguerre buy scalper trade for a fixed profit target, for instance 16 pips on the 1-min trading chart.
Sell Trigger: Open a new sell trade order when the Laguerre Forex scalper indicator starts painting a red signal line on the chart. The short-term trend is now bearish.
Place stop loss above short-term resistance, or use your own stop loss placement method.
Exit the Laguerre sell scalper trade for a fixed profit target, for instance 25 pips on the 5-min trading chart.
Download This Forex Indicator Now
Download the “atr-adaptive-laguerre-rsi.mq5” MT5 indicator
Adjustable Parameters
Laguerre ATR period, smooth period, price, levels period, colors, width, style.
Usage
The indicator can be used as a stand-alone signals indicator.
It can also be combined with:
- Trading oscillators (MACD, Stochastic, RSI,…)
- Trend indicators (Moving Average, Bollinger Bands, ADMI,…)
- Price action methods and techniques
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT5
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: trend scalper
Installation
Copy and paste the indicator in the MT5 indicators data folder.
Then restart the MT5 terminal and attach it to any chart.
