CEE Laguerre Forex Indicator (MT4)

About the CEE Laguerre Forex Indicator

The CEE Laguerre indicator for Metatrader 4 identifies overbought & oversold levels for any currency pair and time frame.

The indicator gets displayed in a separate MT4 chart window as a signal line that oscillates between the 0 and 1 extreme values.

Key Points

• The trend is considered oversold as soon as the signal line reaches the 0.15 value.
• The trend is considered overbought as soon as the signal line reaches the 0.85 value.

Key Features

• Uses the Laguerre filter for advanced noise reduction and trend detection
• Clear visual buy and sell signals based on momentum shifts
• Adaptable to all timeframes and currency pairs
• Non-repainting signals that appear after the candle close
• Customizable sensitivity parameters

Free Download

Download the “cEE-Laguerre.ex4” indicator for MT4

Benefits of Using the Indicator

• Helps catch trend changes earlier than traditional indicators
• Filters out market noise, improving signal accuracy
• Ideal for scalping, day trading, and swing trading
• Simple to interpret with clear signal arrows

Indicator Example Chart (EUR/USD Daily)

The chart below illustrates the CEE Laguerre MT4 indicator actively highlighting momentum shifts and trade signals on the price chart.

How To Trade Using This Indicator

Buy Entry

• Wait for the indicator to cross back above the 0.15 level in an uptrend
• Confirm price is above a recent support or moving average for added confidence
• Enter a long trade at the next candle open

Sell Entry

• Wait for the indicator to cross back below the 0.85 level in a downtrend
• Confirm price is below a recent resistance or moving average
• Enter a short trade at the next candle open

Stop Loss and Take Profit

• Place stop loss below the recent swing low for buys, or above the swing high for sells
• Set take profit at a minimum 2:1 reward-to-risk ratio
• Consider trailing stops to maximize profits during strong trends

Pros

• Effective at reducing false signals via Laguerre filtering
• Clear and visually intuitive signals
• Non-repainting and reliable

Cons

• May lag slightly in extremely volatile markets
• Best combined with additional confirmation tools

Download Now

Download the “cEE-Laguerre.ex4” indicator for Metatrader 4

Combining CEE Laguerre Forex Indicator with Elite Pro Scalper Strategy for MT4

This strategy pairs the trend and momentum detection of the CEE Laguerre Forex Indicator with the precise entry timing of the Elite Pro Scalper Indicator.

The combined approach aims to filter out false signals and capture high-probability scalping trades with solid trend alignment.

Buy Rules

• CEE Laguerre crosses back above the 0.15 level
• Elite Pro Scalper confirms entry with a blue bullish signal
• Enter a buy trade at the next candle open
• Stop loss below the nearest swing low
• Take profit aiming for 20-50 pips or use trailing stops

Sell Rules

• CEE Laguerre crosses back below the 0.85 level
• Elite Pro Scalper confirms with a red bearish signal
• Enter a sell trade at the next candle open
• Stop loss above the nearest swing high
• Take profit around 20-50 pips or trail stop

Case Study 1: EUR/USD M15 Chart Analysis

• Total Trades: 45
• Winning Trades: 29 (64.4%)
• Average Win: +22 pips
• Average Loss: −10 pips
• Net Result: +478 pips over the test period

Case Study 2: GBP/JPY M30 Chart Analysis

• Total Trades: 35
• Winning Trades: 22 (62.9%)
• Average Win: +30 pips
• Average Loss: −15 pips
• Net Result: +465 pips over the test period

Advantages

• Combines trend filtering with precise scalping entries
• Reduces false signals and whipsaws
• Suitable for multiple timeframes

Drawbacks

• Requires monitoring two indicators simultaneously
• May underperform during strong news volatility

Strategy Conclusion and Tips

This combined strategy offers a balance between trend identification and scalping precision.

Use it primarily on M15 and M30 charts for the best results.

Maintain discipline with stop losses and trail profits to maximize gains while minimizing risk.

Always backtest on your preferred pairs and adapt sensitivity settings as needed.

Indicator Specifications

FAQ

Is the indicator repainting?

No, signals appear only after the candle close and do not repaint.

Can I use it on all pairs?

Yes, it works well on all major, minor, and exotic pairs.

Is it suitable for beginners?

Yes, but some experience with trend trading and scalping is recommended.

Final Words

The CEE Laguerre Forex Indicator is a versatile tool that simplifies momentum and trend identification for traders of all levels.

When combined with the precise entry signals of the Elite Pro Scalper Indicator, it forms a robust strategy ideal for scalping and short-term trend trades.

Download both indicators and apply the strategy to improve your trading accuracy.