268# Laguerre Pro and Spearman Correlation
Momentun Trading System
Laguerre Pro trading zone
Submit by Dimitri
Laguerre Pro and Spearman Correlation is a trading system based on Laguerre Pro momentum indicator and the Speraman Correlation Statistical indicator. The Laguerre PRO indicator identifies areas of overbought green bar and oversold red bar where it is possible that a short inversion of the price occurs, when in these areas the arrow of the Spearman correlation indicator appears is an indication of a possible change of direction of the price. This situation can be confirmed by the support and resistance and SEF Bull and bear trend action indicator.
The system is suitable for trading with high / low binary options for scalping and day trading.
Time frame for binary options is 5 min. Expiration time 15-20 minutes.
Time frames are 5-15 minutes for scalping and day trading.
Currency pairs for binary trading: major-minor and stock indexes.
Currency pairs major-minor with low spreads for Scalping and Day Trading, and stock market indices.
Metatrader 4 Indicators
Changer Symbol vertical version.
3 ZZ Semafor alert.
Forex Star 3,
True fractal band.
Laguerre Pro indicator
MT4 X-cycle alert.
Pearson & Sperman Correllation indicator.
SEFC Bull and Bear.
Trading rules Laguerre Pro and Spearman Correlation
Buy or Call conditions for entry
Buy arrow of Pearson$Spearman correlation.
Laguerre Pro green bar.
SEFC Bull and Bear green bar.
Supports below the bars.
Sell or Put conditions for entry
Sell arrow of Pearson$Spearman correlation.
Laguerre Pro red bar.
SEFC Bull and Bear red bar.
Resistances above the bars.
Initial stop loss below/above support and resistance.
Profit target at the levels SR. (discretionary levels).
Note this system sucks a lot of ram and could be simplified to make it easier for the PC.
In the pictures Laguerre Pro and Spearman Correlation in action.
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