5 Min Scalping With Laguerre is a forex trading system which is targeted for the scalpers. 5 Min Scalping With Laguerre can be used for swing trade purpose as well. 5 Min Scalping With Laguerre forex trading system can be used by beginner traders as well as by experienced traders. This forex trading system is based on the trend following forex trading system so you will be putting trades only in the direction of the major trend of the market. 5 Min Scalping With Laguerre comprises of very little forex trading indicators which are easy to understand and they are very powerful one.
When you install 5 Min Scalping With Laguerre in your trading platform, your chart should look like this:
- Pulse Slope
Pulse Slope is a special kind of moving average which changes its color as per the direction of the market. when this indicator is red, it indicates decreasing market prices and the blue pulse slope indicator indicates increasing market prices.
- ProFx
ProFx indicator consists of histograms and oscillator. The histogram fluctuates in positive and negative territory. When the histogram is in positive territory, it indicates up trend market and when the histogram is in negative territory, it indicates bearish market.
Buying Conditions Using 5 Min Scalping With Laguerre.
- Market should be up trending.
- Market should be bouncing from the recent swing low.
- The Pulse Slope indicator should be blue.
- ProFx histogram should be in positive territory.
- Place your long position as soon as above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profit when the Pulse Slope indicator turns red.
Selling Conditions Using 5 Min Scalping With Laguerre.
- Market should be down trending.
- Market should be pulling from the recent swing high.
- The Pulse Slope indicator should be red.
- ProFx histogram should be in negative territory.
- Place your short position as soon as above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when the Pulse Slope indicator turns blue.
Download Free Forex Laguerre Scalping Strategy
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