Need a system based on confluence

Aug 16, 2012 05:02 pm

uniquetrader User

Posts: 939
Member since: 21/04/2011

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

Aug 16, 2012 05:02 pm

#3

uniquetrader User

Posts: 939
Member since: 21/04/2011

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

Aug 17, 2012 06:03 pm

#4

ironical User

Posts: 734
Member since: 22/04/2011

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

Aug 20, 2012 12:58 pm

#5

Jogi User

Posts: 685
Member since: 06/06/2011

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.

Sep 12, 2012 01:29 pm

#6

illiterate User

Posts: 561
Member since: 21/04/2011

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.

Sep 13, 2012 01:43 pm

#7

Sasha User

Posts: 836
Member since: 16/05/2011

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.

Sep 14, 2012 05:28 pm

#8

Champ User

Posts: 711
Member since: 17/05/2011

Originally posted by Sasha

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.

I missed this post. R u impressed by AFM post on confluence ? [grin]

Need a system based on confluence

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