This forex strategy was called by High Probability Trading System (HPTS) because of its success in trading and providing about 50 -70 pips profit per trade. High probability Forex System works on daily average range basis to see where the market price will move so it can be more easily to determine stop loss and profit target, and use Fibo Pivot (fibonaccy pivot) to determine support and resistance areas because we only place trades if price is around support and resistance.
Some indicators such as Zig zag, zig zag nonlag and stochastic indicators also complement this forex strategy as a filter to avoid some fake signals. Templates and indicators of High Probability Forex System can be found include with this HPTS forex ebook.
Source: Daniel
