1 min Scalping with Laguerre indicator

1 min Scalping with Laguerre indicator is a trend momentum strategy for short term trading.

Time frame 1 min or 5 min.

Currency Pairs: GBP/JPY, GBP/USD, USD/JPY, EUR/USD.

Forex Indicators:

LaGuerre 1 ( for entry ) - Gamma 0.55, levels 0.15, 0.85,0.45

LaGuerre 2 ( for exits ) - Gamma 0.85, levels 0.30, 0.70, 0.45 this is optional.

Bollinger bands - 20, 2.0, close .

200 EMA, close

60 EMA close.

Trading Rules for Entry & Exit

Trades only in the direction of the trend.

Trend up= EMA 60 above EMA 200.

Trend down EMA 60 below EMA 200.

Buy

Trend up and Laguerre 1 is above 0.15 and pointing up..

Exit for buy is when Laguerre 2 goes to top and turns down to 0.70, this is optional.

Sell

Trend down and Laguerre 1 is below 0.85 and pointing down.

Exit for Shorts when laguerre 2 goes to 0.0 Level and then turns up above 0.30 this is optional.

Initial stop loss 10 pips below the entry bar or for buy below the lower band of the BB, for Sell above the upper band of BB.

Profit target 10-15 pips. After 8 pips in gain move stop loss at the breakeven.

In chart 1 min time frame, GBP/JPY see the power of this strategy.

Below the link for download the  Laguerre RSI trading MT4 Indicator:

https://drive.google.com/file/d/0Bwjv2Pbf48itYVRFSDBCRXJXSkk/view?usp=sharing