This is a strategy published in latest edition of currencytradermag.com monthly magazine. You can get it at

http://www.currencytradermag.com/downloads/index.php (December Issue)

You need to register for this magazine but this is a free registration.

Once you download the magazine you can go to page 18 to see the strategy. This strategy is based on pivot points. For this strategy you need to calculated to pivot points manually. But if you have an indicator that will show you the pivot support and resistances on the chart that would be very useful and you don’t need to calculate the daily pivots manually.

I have researched a little on the web and found one indicator that does the job for you. The indicator is Daily Pivot Indicator and you can get it at

http://codebase.mql4.com/1941

Download the mq4 file and save it under experts -> indicators folder and restart your metatrader and you can see this daily pivots under custom indicators. This indicator draw the daily pivot lines for you.

Check the strategy and if you are interested in the strategy download the free pivot indicator and try it.