A Question about Confluence Exits
Posted: Thu Aug 04, 2022 9:59 pm
So, as I understood it, confluence is when for example you got two different strategies , and when they both issue a buy or sell signal at the same time, you open a trade, because you augment the probability of the global system, more than both strategies separately. Apparently from what i've seen, two crappy strategies can make an average one
but what about exits ? the two strategies have different exit signals. So which one to take ?
several possibilities arise :
1) close the trade at the first exit signal (the 1st or second strategy)
2) close half the trade at signal of first strategy. and half at the second
3) close everything at the last signal ?
4) do something else ?
i'm not sure which one is the best statistically tho. If anyone can help me
thanks
Jeff
but what about exits ? the two strategies have different exit signals. So which one to take ?
several possibilities arise :
1) close the trade at the first exit signal (the 1st or second strategy)
2) close half the trade at signal of first strategy. and half at the second
3) close everything at the last signal ?
4) do something else ?
i'm not sure which one is the best statistically tho. If anyone can help me
thanks
Jeff