Need a system based on confluence
I have seen a few videos on youtube about forex trading. Those were about confluence. It seems to be a pretty strong system of trading.
Is there anyone having EA which uses confluence concept. I think it will be one of successful EAs.
Many EAs try to prove that they r the only "holy grail" in forex world. Most of those EAs claim to be using mix of indicators. So u can find many many EAs with concluence concept. But there is no guarantee of their success.
Stick to your rules
Many EAs try to prove that they r the only "holy grail" in forex world. Most of those EAs claim to be using mix of indicators. So u can find many many EAs with concluence concept. But there is no guarantee of their success.
Stick to your rules
Yes. Confluence word is not used but actually many EAs use more than 1 indicator.
@Sasha.... why do u think that confluence in an EA will make it successful? It is the strategy not just a mix of indicator that can make an EA succesful. It doesnt matter if it is one indicator or 10 indicators.
The good or ill of a man lies within his own will. – Epictetus
confluence is kind of confirmation to enter or exit a trade. If an EA is using just one indicator it is less likely to be a success. EAs r programmed and they dont have their own brain. They will only do what is programmed into them. If more than 1 indicator is programmed they can perform better.
Any system using multiple indicators will be confluence based system. But its success depends on how good is the strategy on which this system is based. I dun agree with the point that system based on confluence will have very high chances of winning. It is actually strategy which makes a good system.
Thankyou for comments. I agree with all of u.
I think the high rate of success that came into my mind was bcoz if confluence concept is used wisely, it can generate very good profits.
Originally posted by SashaThankyou for comments. I agree with all of u.
I think the high rate of success that came into my mind was bcoz if confluence concept is used wisely, it can generate very good profits.
I missed this post. R u impressed by AFM post on confluence ?![[grin]](/themes/default/images/smiles/grin.png)