2 EMA and Laguerre Trading System
This trend following strategy works in a 5 and 15 minute timeframe and can be used to all currency pairs.
Forex Indicators:
- EMA 16
- EMA 48
- Laguerre;
For Long Entry:
- Closing Price is above the 16EMA;
- The 16EMA stays above the 48EMA;
- Laguerre cuts above 0.8 level.
Place your stop loss around 30 pips below from the entry point.
Take profit half of your position when price has gone above 20 pips.
For short entry:
- Closing Price is below the 16EMA;
- The 16EMA stays below the 48EMA;
- Laguerre cuts above 0.2 level.
Place your stop loss around 30 pips above from the entry point.
Take profit half of your position when price has gone below 20 pips.
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