The Laguerre Filter indicator for Metatrader 4 (MT4) is a directional trend tool that works on the Laguerre trading formula.
The indicator appears as a purple colored signal line on the activity chart.
The Laguerre Filter can be used in multiple ways to enhance your trading.
Buy & Sell Trade Example
- A buy trade occurs when the candlestick crosses the purple colored Laguerre signal line upwards.
- A sell trade occurs when the candlestick crosses the purple colored Laguerre signal line downwards.
The Laguerre Filter indicator can be used for both trade entry and exit or as an additional trend filter for other strategies and systems.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “laguerre filter.mq4” indicator for MT4
Indicator Chart (EUR/USD M1)
The example chart below displays the Laguerre Filter mt4 indicator in action on the trading chart.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Laguerre Filter indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Trend
Does the indicator repaint? No.
MT4 Scalping Strategy Using Laguerre Filter Signal and Simple Arrow Scalper Indicators
This MT4 scalping strategy combines the Laguerre Filter Signal Indicator MT4 with the Simple Arrow Scalper Metatrader 4 Forex Indicator to capture quick and precise entries.
The Laguerre Filter confirms the market trend, showing bullish signals when the price is above the purple line and bearish signals when below.
The Simple Arrow Scalper provides exact buy and sell entries with blue and magenta arrows.
This combination is ideal for lower timeframes such as M1, M5, and M15 and works well for traders looking to scalp small moves in fast markets.
Buy Entry Rules
- Ensure the price is above the purple line on the Laguerre Filter Signal Indicator, indicating a bullish trend.
- Wait for the Simple Arrow Scalper to display a blue arrow.
- Enter a buy trade at the close of the signal candle.
- Place the stop loss a few pips below the most recent swing low.
- Close the trade when a magenta arrow appears, signaling a potential reversal.
Sell Entry Rules
- Ensure the price is below the purple line on the Laguerre Filter Signal Indicator, indicating a bearish trend.
- Wait for the Simple Arrow Scalper to display a magenta arrow.
- Enter a sell trade at the close of the signal candle.
- Place the stop loss a few pips above the most recent swing high.
- Close the trade when a blue arrow appears, signaling a potential reversal.
Advantages
- Combines trend confirmation and precise entry signals for higher probability trades.
- Works on lower timeframes for fast scalping.
- Arrow reversal exit allows capturing profits without guessing take profit levels.
- Flexible for multiple currency pairs and active market sessions.
Drawbacks
- Requires attention since exits depend on arrow reversals.
- Stop loss placement is essential to avoid being stopped out early in volatile moves.
- Scalpers need discipline to wait for both indicators to confirm before entering.
Example Case Studies
Case Study 1 – GBP/JPY
On the GBP/JPY M5 chart, the price was above the purple line on the Laguerre Filter, indicating a bullish trend.
A blue arrow appeared on the Simple Arrow Scalper, triggering a buy entry at 178.50 with a stop loss at 178.35.
The trade was closed when a magenta arrow appeared at 178.75, netting 25 pips in 15 minutes.
This shows how trend confirmation combined with precise arrows can improve scalp accuracy.
Case Study 2 – EUR/USD
On the EUR/USD M15 chart, the price dropped below the purple line on the Laguerre Filter, confirming a bearish trend.
A magenta arrow appeared on the Simple Arrow Scalper, prompting a sell entry at 1.1060 with a stop loss at 1.1070.
The trade closed when a blue arrow appeared at 1.1035, achieving 25 pips profit in 20 minutes.
This demonstrates how using both indicators together can capture short-term profitable moves.
Strategy Tips
- Use this strategy during active market sessions such as London and New York for better scalp opportunities.
- Focus on currency pairs with high volatility for faster moves.
- Always wait for both the Laguerre Filter and the arrow signal to confirm before entering a trade.
- Exiting on arrow reversal helps maximize profits without needing fixed take profit levels.
- Consider combining with volume or momentum indicators for additional confirmation in volatile markets.
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Download the “laguerre filter.mq4” indicator for Metatrader 4
