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. 

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. 

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.

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 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 ?