Here is a Trading system I have been given by someone, they claim it brings about 300 pips a mont , it to trade all of the majors with it every day. The biggest drawdown for the last 6 months was 90 pips.
Here is the system.
The indicator attached gives out the Pivot Point lines at the start of each day. Let`s say you are using it on a trading platform with GMT timing, so the new pivot point values appear every 00:00 GMT.
At that time, you sit down in front of your trading platform and put out orders:
And order for BUY between the two pivot point that are higher then the current price ( 00:00 GMT ) . The SL for this order is the closest pivot line. The TP is the the one that is mmore far frome you.
Vice Versa ( the other way around ) for Sell .
Check out the pics