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I have found a great system called "TRUE Breakout system". It's not an EA, It's just a strategy and system with indicator which uses resistance and support levels to generate a signal of buy or sell. I have the free version of this system. It doesn't give many signals but it gives around 1 or 2 signals per day per pair, almost all of them are winning trades ( if you got 8 trades per week, sometimes all of them are winners, sometimes there is a 1 loosing trade), most of the trades closes in within few hours. Free version only work with EUR/USD. But the Commercial version works with many pairs. But commercial version comes with a hefty price tag of USD $300. So, I want to find the commercial version of this ..

 

the original site is .. http://fxquickroute.com/fqsystems/tbselite/

 

 

and there are discussions going on several forums, but I found followings are useful, to identify the exact indicator.

 

Discussion on Commercial version can be found here - http://www.forex-tsd.com/commercial-trading-systems-indicators/120579-true-breakout-system-commercial-112.html

Discussion on free version can be found here - http://www.forex-tsd.com/move/120430-true-breakout-system-18.html

 

 

Thanks guys, enjoy trading.

 

 

And if you don't have the strategy, try the free version, hope it will be useful to somebody.

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