MT4 indicators and template attached – Updated to version 1.3

This is an easy to use system that I’m working on. I’m using EURJPY/15 minutes only for now. Please try it out and help me improve it!

Settings
EURJPY 15 minutes
Heiken Ashi default (usually comes with MT4)
SSL 5
Laguerre Gamma 0.75, Levels 0.75 and 0.25

Indicators
Heiken Ashi is similar to the candlestick chart but smoother, you don’t have to use it but I consider it a component of the system. In the template provided it replaces the bar/candlestick/line chart. Note that the longer that wick is on the bottom of the candlestick, the stronger the downtrend and longer it is above the candlestick the stronger the uptrend. The wicks generally show the same highs and lows as a candlestick.
SSL is the faster indicator and like the Parabolic SAR in that it sits above the chart in a downtrend or below in a uptrend.
Laguerre shows the overall trend and a long cross is up through 0.25 and should usually stay above 0.75 throughout the long trend. A short cross is down through 0.75 heading towards 0.45 and should usually stay below 0.15 throughout the short trend. Sometimes it will break below its long of 0.75/above short of 0.25 and quickly come back.

Strategy
As far as I know, any time is a good time to trade, as long as the market isn’t too slow or ranging. Just wait for both indicators to line up and enter. The Laguerre should be generally above 0.75 in a long trend/below 0.25 in a short trend. Remember, all indicators should agree before you get in/out/reverse. If you missed the entry, it might be safe to get back in after the SSL crosses back in the right direction if it had crossed the other way.
For now I use a fixed stop loss of 50 pips, and move it up slowly as the trade progresses. I’m manually entering it 120 pips from highest high or lowest low reached during trade and occasionally tightening it a bit if the trade has gone on for a while. If I were to use a fixed take profit it might be 100 pips (a simple 2:1 ratio).
I use the Heiken Ashi because I find it less alarming than regular a candlestick chart.

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