1. Each indicator or tool has a forecasted win rate, reward-to-risk ratio, and drawdown. These expectations and averages change over time as a result of market structure. Trending trades, for example, are particularly profitable when the market is moving, but range trades are more profitable when the market is less active.
2. By combining tools and indicators, the trader is able to overcome the shortcomings of each when utilised separately. In other words, the trader lowers the danger of relying on a single technique and so acquires additional confirmation for a setup. When a Forex trader employs the confluence notion, he or she has the option of eliminating trade setups in which many indicators are out of rhythm and harmony. As a result, the trader improves the total aggregate performance. Please also read the Simple approach of trading many time periods in forex.