Laguerre Filter Expert Advisor
Info
The Laguerre Filter Expert Advisor is a Expert Advisor for MetaTrader 5 that the laguerre filter expert advisor uses the intersection of fast and slow lines of the indicator for entry. Signals are formed when a bar closes and the oscillator crosses its signal line.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Laguerre Filter Expert Advisor
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
The Laguerre Filter Expert Advisor uses the intersection of fast and slow lines of the indicator for entry.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: Calendar News Filter for MT5: Avoid Trading During High-Impact News Events - another powerful expert for MetaTrader 5 traders.
The Laguerre Filter Expert Advisor uses the intersection of fast and slow lines of the indicator for entry. Signals are formed when a bar closes and the oscillator crosses its signal line.Also recommended: Opening Range Breakout with NR4 / NR7 Contraction Filters (2026 Update) - similar expert with strong performance on MetaTrader 5.
This Expert Advisor requires the compiled indicator file laguerrefilter.ex5 to run. Place it in
Default input parameters were used during the tests shown below. Stop loss and take profit were not used during the tests.
Fig.1. Examples of deals on the chart
Testing results for 2026 at USDJPY H4:
Fig.2. Testing results chart
You may also like: EMA Cross Scalper for XAUUSD (M15) with WIB Session Filter - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_plots 2
#property indicator_type1 draw_line
#property indicator_color1 red
#property indicator_style1 style_solid
#property indicator_width1 1.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.