The Equilibrium, a key to success!

Currency strength in the forex market

(You can download the described indicators at the end)


Hello dear traders,

The forex market differs from other financial markets at a very significant point: it consists of currency pairs. When you take a position, you trade two different currencies at the same time. This offers many interesting opportunities, as you can, for example, capitalize on your views on two economies with only one position. Therefore, it is difficult to look at the performance of a single currency in isolation.

Take as an example the EURUSD as a currency pair. If the price rises more in one day, there may be two reasons. The euro is particularly strong or the dollar particularly weak. It could well be that at the same time the euro is strong and the dollar is weak. There are different currency strength indicators with different calculation approaches.

Before I share my personal experiences, however, I would like to quote a few statements from Hanover. Hanover is a very experienced member of FF who enjoys a high level of acceptance and a very high reputation in this forum.

His statements about Currency Strength Meter:

But, assuming that there are no coding errors in the indicator calculations, accuracy is dependent solely on the price data being provided by the broker or market maker.

Which brings me to my next point(s). Firstly, all CSMs are derived from price, and price lags sentiment. In an industry where getting quickest access to quality information can provide a competitive advantage, institutional traders tend to use indicators that quantify sentiment, economic flows, orderflow/liquidity etc. (Many of these indicators are proprietary and lie beyond the scope of 'retail' charting packages like MT4).

Secondly, all price analysis is retrospective, and as price moves as waves within waves, this opens the door for arbitrariness that can only be resolved by selective bias. To explain with an example: the last 10 candles might represent an up-move, but these may be the most recent part of a larger sideways move, which in turn may be part of a larger down-move. Hence, like all other technical measures (e.g. moving averages, regression lines, etc), the price-derived CSM measure is determined arbitrarily by the historical horizon that's under study. There is no objective way of proving that one horizon is superior to another, that one way of calculating the value is superior to another, and hence that one CSM is necessarily superior in its 'accuracy' to another. All are ultimately giving a retrospective view of what price has done, and have no greater predictive value than price itself (or any other derivative of price).

Thirdly, predictive value comes down to the strength of the underlying sentiment which is determined by a number of fundamental reasons, many of which are economic, structural and/or logistical. If, for example, a CSM says that EUR is weak and USD strong, then the downtrend in EURUSD will continue only if there are overriding reasons -- i.e. reasons that underlie price -- causing it to do so. A price based CSM is not equipped to take these fundamental factors into account.

Fourthly, a CSM is merely a tool, and it is down to the trader, and how s/he interprets the strength/weakness measure, and uses it in the context of an overall trading system, that is an ultimate determinant in success or failure.

These statements from Hanover are important for now, before we take a closer look at individual currency strength indicators. Basically, I do not recommend spending money on a currency strength indicator. Within FF there are great traders and programmers who offer you different currency strength indicators for free.

More information is available at:

Recent Strength indicator

The different CSM indicators calculate the currency strength from the different currency pairs in the 9 available time units. Ticks are provided by the brokers, but not kept due to the high storage requirements. To calculate a currency strength in the tick chart, you would first have to generate all the currency pairs in the tick chart in order to derive a calculation from it. Thus a currency strength in the tick chart is not representable, because too expensive. In addition, a tickchart runs in the offline chart, which makes things even more complicated. Let us restrict ourselves to the 9 known time units in the MT4. I have tried different CSM indicators, which were also recommended by Hanover and use the following modules.



MADdash indicator, Developer: honestknave high impact member FF. A multi-timeframe dashboard calculated from the price. 8 currencies CHF, JPY, CAD, USD, EUR, GBP, AUD and NZD are compared. This gives rise to the strength of 28 currency pairs. Green means strength, red means weakness. Time frames are possible from M1 to MN. The indicator can be used individually. More information is available at:

MADdash (Moving Average Distance)



From the professional indicator of honestknave I have created an optimal representation for me. If the dollar is strong only a red color appears, if the euro is strong, a green color appears. With that I achieve a better overview for me.

Point A: In the upper red boxes, the strength of the dollar from M1 to MN is calculated against the following currencies: CHF, JPY, CAD, EUR, GBP, AUD and NZD. The last two candles are calculated.

Point B: In the red fields, the dollar moves from M1 to MN against the following currencies: CHF, JPY, CAD, EUR, GBP, AUD and NZD. Only the current candle is calculated. The lower field (Point E) is a summary of the 7 fields above. I have hidden this series in my current presentation.

Point C: In the green fields, the Euro changes from M1 to MN against the following currencies: CHF, JPY, CAD, USD, GBP, AUD and NZD. Only the current candle is calculated. The lower field (Point E) is a summary of the 7 fields above. I have hidden this series in my current presentation.

Point D: In the lower green boxes, the strength of the Euro is calculated from M1 to MN against the following currencies: CHF, JPY, CAD, USD, GBP, AUD and NZD. The last two candles are calculated. On the right is a bionic chart (64 tick) for the video overview.



The price is in a downtrend for the first 2 minutes, the strength of the dollar is clear. After 2 minutes slowly arises a euro strength, whereby initially the dollar is strong. The strength of the euro is increasing and the price is rising.
However, this type of ad is very short-term and therefore very volatile. It shows me very fast price changes, which are not always reliable. Basically, I warn against start a trade based on these views. In an ongoing trade, this can be very helpful at times to avoid getting out too early.



In addition, I also like to use the following indicators

CCFp Indicator, Developer: SemSemFX, Interesting currency strength meter

+ RS_Group EUR & USD indicator, Developer: unknown, Very interesting strength indicator that reacts faster than the price chart. Here, the euro was currently compared to the dollar.

I recommend you to test these indicators during operation and to create your own interpretation. The big advantage of trading currency pairs is that there is a strength for the euro and the dollar, which often helps me identify what is happening in the market. However, this is no guarantee that this will remain so in the future. And for this we need the stock market data to detect possible absorptions in bid or ask. The Forex market is all about gaining an information advantage over most market participants.

If you identify the retail traders you usually have to act in the opposite direction, if you identify the big players, you usually have to act in the same direction. But that too can often go in the pants. Because when a big player collects Ask in a sideways phase (accumulation phase), the course does not have to go immediately straight up. Often there is only a fake outbreak down, to turn off the possible Ask buyers. Only then does the course go up.

But the more good information you have, the sooner you can work out an advantage. Therefore, you have to create a good setup from the abundance of different indicators. And with this setup, only you can do something. Therefore, the indicator settings of me or other traders do not help you. Every trader interprets the market differently. That's why I recommend testing indicators and interpreting them yourself. It does not matter what another trader says or claims. If you look at your screen and recognize a particular pattern, that can often be worth more than any well-intentioned professional advice. For that you need training and a lot of screen time.

If an indicator does not help you, leave it. After I work with the stock market data, I know what I have missed the last few years. But that too is not a holy grail. The key is to create an individual setup from the flood of information that increases your chances of winning. And only you can do it alone. This blog is a wealth of information about possible setups, but not a specific system. Choose the best, test it extensively and create your own individual system. It takes time and is exhausting, but in my opinion it is the only chance we have.

I keep my fingers crossed for you and wish you the necessary endurance.

best regards

very, very interesting. Do you think a similar setup could work with Gold?

Gold in Forex

Hello letsride,

First of all, welcome to our blog. The same question I asked myself many years ago, because gold has always fascinated me.

Precious metals have always had a special place in human history. It used to be exchanged for goods, but with the entry of currencies it lost its importance in trade. Today it is considered a security in currency crises.



The total amount of gold produced is estimated at 195,000 tonnes and corresponds to a cube with an edge length of approximately 21 meters. 3,500 tons of gold are added every year. Central banks and other institutions own just 18% of total gold. Of these, the US is in first place with 28.8%. Since gold is practically indestructible and, strictly speaking, is not consumed, theoretically every ounce produced is still available today. By value, this amount of gold today equals $ 9.37 trillion. For comparison, the Forex market trades more than $ 5 trillion per day. When all currencies lose value, gold provides the necessary security, but food and water are more important to survive.

In addition to the geopolitical tensions caused by the trade dispute between China and the US or the increasing tensions in the Persian Gulf, economic data point to weaker global economic development. This burdens the mood of companies and corporate profits. Increased volatility could cause investors to diversify risk by adding gold to their portfolios, as the correlation of gold with equities is low to negative. For me these are too many different factors that have an impact on all commodities. Some factors affect prices, but many do not. In the field of precious metals, platinum and palladium are predicted to have a greater future, as it is more urgently needed in the industrial sector.

A very important aspect, one should not forget when trading forex with gold. There is no physical gold, only money. And if the price of gold should rise so high because the money is no longer worth it, a huge profit in the form of money on the stock market will not benefit me. For that you should put physical gold in the vault. Gold is an insurance against devaluation. And insurance costs money and often brings no returns. Of course, the short-term speculation in the forex market is not comparable.

To identify a strength in gold one would have to work with correlations, e.g. Compare the dollar index with the gold price, but these correlations are constantly changing. Also the euro and dollar strength are no guarantee for a secure profit in EURUSD. Of course, one can make good profits with the speculation in the precious metals. The decisive factor is: to have an information advantage.

For me, there are too many different influencing factors to consider in the precious metals or currencies area to make a long-term future forecast. Therefore, I am working with the short-term stock market data and trying to scan the market in the sideways phases for bid and ask absorptions. You can react to that very quickly. This also works very well in the precious metals sector. Gold was interesting to me many years ago, but today I prefer to trade in a high-volume market with low drawdowns. And the EURUSD is a very good choice.

If you specialize in gold, you should create an individual setup. What information, indicators or stock market data will help you make the right decision? Unfortunately, this is a process that can often take many years, but once you have found your optimal setup, it will pay off. No matter if it is EURUSD or gold.

best regards

Delta from the past

(Volume data of the last 7 years as excel file to download)


Hello dear subscribers,

at certain price levels, there is an above-average increase in trade than at other price levels. From this, interesting assumptions can be derived. I would like to post some examples today.



First, with the stock market data, I have retrieved a list of all price levels from 01.12.2012 to the present day. On the list next to the price we see the cumulated volume, the cumulative trades as well as the cumulated ask and bid at the respective price levels. The delta results from the cumulated ask and bid. For me, this delta is a crucial factor for possible resistance and support zones.



Then I copied the data into an Excel file and analyzed the ratio of the volume to the number of trades. At the bottom we see the number 1.83 and above the number 1.64. The smaller the number, the higher the probability that more big players were involved in this price level than in the higher numbers. From this, further assumptions can be derived.



Here we see a volume delta of this last 7 years in the weekly chart. When you mark the largest deltas, this gives a rough overview and a range is created. This range we now want to look in smaller time units.



On the left side, I first displayed the delta volume in the weekly chart and compared it with a H1 chart in the exact price comparison. With the three largest Volumendeltas again a rough price range arises in the H1 from the 25.September to today.



Now we zoom in and take a closer look at the last trading day from 10:00 CET. Again, the three largest deltas were used to form a range. By looking at the volume, I can list Bid and Ask individually and thus make the zones even more concrete. We recognize that the past delta volume may have an impact on future price performance. Of course, you can also further narrow down the individual zones with the current Market Profile in order to receive a confirmation.



The goal is to get below the Vol Low or above the Vol High a good entry to trade direction POC. In the area of the POC, on the other hand, one should be more cautious. The accumulation or distribution phases in the vicinity of the POC (points A and B), on the other hand, are particularly valuable and give a trader interesting information about a possible further course of the price. Even with the argument: I do not make forecasts where the price goes, I just trade with the price, you always have to make an assumption where it can go. But with the right information, it is possible to get an information advantage. And that is our chance to turn the odds in our favor.



If I drive my vehicle in an unknown area, I get help with a map or a navigation system. Take a look at this map and ask yourself where we are right now. They will not always be right, but at every stage there are certain behaviors of the big players, with which they betray themselves.

Therefore, it is important to work only with information that helps me determine my location. There are different market situations, only certain information will help me. Therefore, I recommend to use different information in different market situations. It is enough to analyze the points A to D closer and to think about what happens in these crucial phases. Information and indicators help not in each phase. Once they are able to identify these individual phases, they are already ahead of most traders. After that, it's only about a good entry and exit.

Go back in time and identify these 4 phases. Afterwards they look with the help of the stock market data exactly, which happened exactly in these phases. This will allow them to put together exactly the indicators or charts that will help them in this phase. This will also enable you to find out where you are. Compiling this navigation system is a real project and can only be done by you. Even if the road is difficult, in the end you will know why.

I wish you that you find this way for yourself.

A successful trading week.

best regards


Here you will find an Excel file with price, volume, trades, bid, ask and delta on the respective price levels from the futures market.
Please note that the price in the futures market - represents swaps = price in the forex market. On Friday, the Euro FX Futures Market closed at 1.10855 and the EURUSD Forex Market at 1.10348. That's about a 50 pip difference, with the swaps varying. In addition, there are fewer price ranges in the futures market than in the forex market. The data of the price ranges start from 1.12.2012. You do not find a date because the price ranges were sometimes touched several times at different times. There are data from 5700 price levels from 1.39930 to 1.03670 available.

Dear Bionics, I'm very interested in your posts, they have a great value.
The relationship between forex and futures catches my attention. The fact of taking not only the information of volume as a basis but eventually other analyzes in futures to make trading decisions in forex. I have observed this behavior and its possible applicability through back and fowardtesting, it really suggests a big potential, however, two questions are around my head lately:
1. Who leads whom? the futures market to forex or the opposite? It seems logical to deduce that as you mentioned and we all know, forex has a huge transactional volume, in fact it is the largest market that exists and for this reason it should be taken as a reference to trace other markets including futures. While your parallel and observations in the relationship are very relevant, why should a much smaller market be the leader of a larger one?
2. Apparently the vast majority of participants in the forex market are traders and not investors. I do not know in depth the mechanics of futures and I would like to know if more traders or investors predominate. Regardless of your response based on your experience, I think it reaffirms the previous point as to who can give bias
Your posts have motivated me to study the general context more thoroughly and everything has led me to the intermarket concept. The alleged established relationships between all markets. I have analyzed the possible links between bonds, indexes, futures, commodities and even interest rates. Indeed, in backtesting these relationships are evidenced without a doubt but again the same question arises again and again: Why should we take even the entire intermarket context as a reference for forex trading ( Katsanos, Menselsohn, Laidi, Murphy), if the forex leads the volume widely? In other words, is it logical or correct to have an intermarket based analysis model to look/search for "bias" and also possible "strength / weakness" in currencies to trade forex and not the opposite? The most hopeful answer is that the majority of the non-forex market is somehow centralized and the information is more reliable and accurate, however it still represents a smaller transactional volume than forex!!
Another possible answer would be related to the investors / traders relationship: A smaller group of investors, so to speak, can lead or carry more weight than a traders tzunami ?
As always and with great appreciation for your teachings I would like to know your opinion about it.

Hi, Bionics and thank you for sharing this valuable information. I have download the file and I noticed some very interesting patterns, but how someone calculate and turns the prices of the future market to the prices of forex market for several years?

[quote=jusiur;12557588]Dear Bionics, I'm very interested in your posts, they have a great value.

Hello jusiur,

First of all thank you for your kind compliment to this blog. My idea to investigate the relationship between forex and future was based on the fact that both markets are almost tick-matched. This resulted in our project Nr.7. The leading factor is clearly the forex market which is over 100 times bigger. Since I act basically only in the EURUSD I compare here only the EURUSD with the Euro FX. Further information can be found in my very detailed article on the futures and forex market.

Forex versus future

The forex and futures market are linked to the swaps in order to prevent interest rate differentials that have a negative impact on the market as a whole. A foreign exchange swap (FX swap or forex or foreign exchange swap) is a foreign exchange transaction that consists of a foreign exchange spot transaction (FX spot) and a forward exchange deal (FX forward). Two currencies are exchanged for one another by spot and swapped back at a later date (swap). Both transactions of a foreign exchange swap are concluded simultaneously and with the same counterparty. The price in the Futuremarkt lies about 50 pip over the price of the Forex. The variable swaps close this difference.

The EURUSD in the forex market is the biggest challenge in the market because there is no specific volume information for market participants. The EBS (Electronic Broking Services), the world's largest trading platform for foreign exchange in interbank trading leads an anonymous central limit order book, to prevent high-frequency traders from their speed alone have an advantage over the other market participants. Therefore, this market for high-frequency trading is not quite as interesting as the stock market environment. Since the sales in the futures market are 100 times smaller, this market is less interesting for me. If you want to have an execution in the Forex market, you usually get them immediately, no matter how many Lot you want to trade. Since the prices of both markets are almost tick-to-toe, I came up with the idea of using the information of the futures market for trading in the forex market without taking a big financial risk. My assumption has been confirmed in recent weeks, but stock market data is a big challenge. Since I am very creative, I combine different information of the stock market data with the data from the forex market. I work on 8 large screens exclusively in EURUSD and Euro FX. This gives me the comfort of creating interesting shortcuts that nobody would ever come up with.

As both markets are indirectly linked, the trades of the high-frequency traders naturally have an indirect impact on the cash market. But interestingly enough, I get a little closer to these high-frequency traders every day with the stock market data. However, the big focus is on the 12 banks (big players) that control 85% of the Forex market. These banks decide where the course is going and not the news or economic conditions. In the accumulation or distribution phases, the big players try to acquire as many as possible Ask or Bid to push the course up or down. And it always depends on whether retail traders are willing to provide ask or bid. After all, only retail traders are usually loser in this market.

As I wrote in my last post Delta from the past I will create my individual card views of the 4 crucial patterns on the market.(Accumulation, re-accumulation, distribution and re-distribution). From this, interesting possibilities can be derived. I can not prove that my assumptions are correct. After all, this is a project and the results so far are promising. I also have no problems to share my findings with everyone, because with my setup anyway no one can do something. As I wrote, a setup always has to be created individually, because every trader interprets different things with it. In this respect, this blog is a buffet, which I think provides great ideas. For the compilation of ideas, however, every trader is responsible. But that's the only way to be profitable in the long term.

I wish you a successful trading week

best regards

Hello Js3mwtRc

I am very happy that the information will help you, that is exactly the aim of this blog. Regarding your question:
This works best with the stock market data. One possibility would be to deduct the swaps of about 50 pip to get the forex price, but unfortunately the swaps are variable. Nevertheless, one could roughly identify certain resistance zones. But I would not act afterwards. The data should only show what possibility you have with stock market data. Stock market data you get today for little money.

Best regards

[quote=Bionics;12557687] Thank you Bionics

[quote=jusiur;12559100] Hello jusiur,

I keep my fingers crossed, greetings

Michael

Identification of the big players


Hello dear subscribers,

As we have already stated several times, we have to put ourselves in the situation of big players to follow you. For this, it is important to first understand what is causing movements in the market. 12 banks control 85% of the forex market, identifying them is easier than with 50 banks.



When I press the buy button, I get Ask. The price goes still up. Now I want to sell my Ask and hit the sell button. That means I sell the euro and buy the dollar at the same time. I buy Bid to dissolve my previously acquired Ask. This sale could cause the price to go down. If the price does not develop in my desired direction, but runs down and triggered my stop, I buy at the moment also Bid which can make sure that the course is even more down. This strategy is very much used by the big players in stop fishing. When I press on the sell button I buy Bid. That could make the price go down. As soon as I want to resell my Bid, I have to buy Ask. This allows the price to go up. And this is where we come to an important insight. A course goes down and suddenly there is a strong bullish candle. That does not necessarily mean that someone buys the euro. It could well be that a big player who pushed the price down now sells his dollars. Of course, it does not matter if you buy the euro or sell the dollar. In both cases Ask is required. But if a big player gets out to sell his dollars, the price is unlikely to rise immediately, but rather to run sideways. Therefore, it is crucial to know if someone is buying the euro or selling the dollar. However, identifying this is a big challenge.

The big players have so much money that they can push the price up or down within a few seconds. Why this would not make sense, I would like to point out now.



Point A

The price is at 1.10250 and we assume that there are limit orders of 100 lot at each price level. Of course, the market is usually determined mainly by the market order, which we want to exclude for our example. Now, if a big player buys 1100 Lot Ask, the price will run to 1.10305. With the purchase he has broken through eleven price levels, each with 100 Lots.

Point B

The price is now at 1.10305 and the big player has received 1100 lots at an average price of 1.10280. This purchase creates a large bullish candle. We now assume that this will attract more buyers, driving the price to 1.10360.

Point C

At this stage, the big player now wants to get rid of his purchased 1100 lot.

Point D

By selling the price has gone back to 1.10305. The big player was able to sell his 1100 Lots at an average price of 1.10335.

Point E

1100 Lot Ask were bought at an average of 1.10280 and sold at 1.10335. This gives the big player an advantage of 55 ticks and a profit of $ 393,250 without spread and fees.



Point A

First, the big player collects 600 Lot Ask within a sideways market. After that he drives the price up by 5 ticks with 500 Lot Ask. In total, he also invested 1100 plumb bobs.

Point B

Now the price is at 1.10275, with a bullish candle upwards. This bullish move attracts more buyers. In total, the big player has purchased on average 500 lots at 1,10265 and 600 lots at 1,10225.

Point C

The price runs as in the first example to 1.10360. At this price level, the big player wants to sell his 1100 Lot Ask.

Point D

By selling the price goes back to 1,10305. The big player has sold his 1100 lot at an average price of 1.10335.

Point E

Result: 1100 Lot Bids were sold at an average of 1.10335. On average, 500 lot Ask were bought at a price of 1.10265 and 600 Lot Ask at a price of 1.10225. This results in a profit of $ 656,500 without spread and fees.

I believe that you can see from this example that it makes no sense to simply push up or down a price. Crucial is the collection of ask or bid in the sideways phases. Therefore, I concentrate exclusively on these phases and try to find out what is mainly bought there.

Important: As a rule, the big players do not sell their Ask or Bid in one fell swoop. Ask can only be sold if other market participants still expect prices to rise. Therefore, a big player sells his ask in small numbers in the rising market. He does not try to slow down the course. The advantage: The course continues to run upwards and the Big Player receives even better prices when exiting. Once the big player is out, there is no one more who drives the price up. What happens afterwards is clear and the last will bites by the dogs.



If you work with the stock market data, I recommend you to pay attention to the accumulated delta. If the delta falls, it means that more Bid have been invested, than Ask. As the delta increases, it means that more than Ask as Bid has been invested. In the sideways phase at point B you can see very well how the cumulative delta falls sharply down. At first the price rises, but after that the price drops more. With the cumulative delta you can see many market situations faster.



Another example in the stock market is the distinction between smart money and dump money. We have already talked about this in detail.



When looking at different price developments, I always ask myself the question with a bullish candle: Is the Euro being bought or the dollar sold? With a bearish candle: Will the dollar be bought or the euro sold?



In my stock market software, I have the indicator: "Big Trades" available. This indicator finds large trades in the current market and represents them within the chart. This requires a special algorithm that sums up a large number of similar trades in a trade and presents them in an individual size. Than I thought about the price course and labeled the single big trades. Of course, this is purely speculative and based solely on my personal opinion. But it helps me to analyze the market better.



From my individual opinion I drew resistance zones. At point A (Friday morning), a good friend told me that he wanted to go short now because he was firmly convinced that the price was falling. I told him that this was just a stop fishing and I assume the price will go up sharply thereafter. The background was that at point B very strong purchases took place in the market, which led me to this assumption. Maybe it was just luck, but I seem to have more luck with it than with other views.



If you do not have stock market data, you should focus on the currency strength in the forex market. I have already reported on this in detail in the last posts.

Currency strength in the forex market

Point A

The course initially went down and there was a sideways market.

Point B

In this sideways market, the dollar initially still has the upper hand, but it moves in parallel to the strength of the euro.

Point C

Here you can see that within the sideways phase of the dollar is sold strongly. That alone is a good indication that the market is saying goodbye to the dollar. At the end of the sideways phase, one can finally see that the market is beginning to buy the euro. All these are clear signs that the course may be goes up.

Of course these are just assumptions and pure speculations. But to win in this market, one must always assume assumptions. Only the one who has an information advantage over all others, is able to optimize his profits. And that's exactly what works on probabilities. If one realizes that the market sells the dollar, the probability is very high that the price will rise. Of course, it can also be different in reality, but we have our stops, for avoid greater damage. With the currency strength in the forex and the Bid and Ask in the future, I'm not always able to turn the odds in my favor. But when I realize what happens in a candle with Bid and Ask, the probability of winning is already much higher. And since this market is only about probabilities, this information advantage could help you a lot.

Try to get rid of the price, because the price is just a reaction to the previously invested Ask and Bid. With the stock market data, the view is much easier but also with the currency strength can be made quite interesting assumptions in forex.

I keep my fingers crossed for you and wish you a successful week

best regards

Trading, every risk is also an opportunity.


Hello dear subscribers,


There are approximately 5,000,000 traders worldwide. In relation to a world population of 7.75 billion people, this is just 0.6%. Even the proportion of doctors is 3 times higher, as there are 1000 doctors for two residents. Trader is a very special profession and if you're wondering if you want to become a long-term trader, you should first look at opportunities and risks. Konrad Adenauer, a former Chancellor of Germany, used the Adenauer Kreuz when he had to make an important decision. On one sheet he noted on the left: "What speaks for it?", On the right side he noted: "What's speaks against it"? After he had noted all the points, he forgave every single point a value. The values were added together and at the end he had a decision-making aid. This works with all questions and helps us to get a quick overview. Us are often unaware, that we have a choice. We just have to learn how to get the most out of these choices. It often happens that we decide wrongly. It does not matter how we decide between A and B, but that we first make sure there is a C and D. For many of us, this is unthinkable at first because we usually only make A or B decisions and exclude C or D decisions. But these alternatives are often the best.


Let's look first at what speaks against trading.


1.The most difficult market in the world

The interbank market is the market where money and credit business takes place only between banks. Banks and financial institutions trade with one another in the interbank market, lend each other money and can thus ensure that they remain liquid. The rates of currencies are not determined by a government as long as they are freely tradeable and not linked to another currency. They are based solely on supply and demand. Forex trading is usually OTC, i. E. it is not centrally organized, but takes place directly between the market participants or through a broker. Over $ 5 trillion is being transacted daily in the forex market. By the end of 2019, the $ 6 trillion limit is to be reached. This would have increased the volume of 1995 almost sixfold. In 24 years, the Forex market has thus achieved an average increase of 7% per year. There is no regulatory authority. Only twelve banks control 85 percent of the market. Banks do not trust each other and no one provides information about his trading activities. Therefore there is no real volume or an order book in the interbank market. The resulting volumes in MT4 are a pure estimate.

2. The trade strains our nerves

Depending on which market you are in, different volatility arises during the day. If they are on the right side, strong volatility creates a quick profit target. On the other hand, high volatility may also cause a quick loss. In 70% of the cases the prices move in sideways phases, what makes it difficult to trade for the swing and day traders. Of course, if you win, you can get positive feelings, with big loses you get the opposite. These feelings affect our behavior on the stock market. In an emergency, our body is focused on it: fight or flight. At that moment, our body releases hormones like adrenaline, norepinephrine and cortisol. The heartbeat is increased, the respiratory tract widens and the digestive system shuts down its function. This stress situation is permanently harmful to our body. Therefore, a balance like sport is a crucial point in order to be successful in this profession over the long term.

Many beginners are afraid and panic when the first trades fail. Instead of gaining distance and strategically realigning, the beginner wants to recover his loss as quickly as possible. All strategies and rules are forgotten. Often this is the beginning of the end. The same is true when greed makes you want too much. The stock market is a sea of emotions and it requires a high degree of psychological discipline to succeed in the long term in this market.

3.How successful are traders really?

Unfortunately, there is no trader in the Forbes list of the richest people in the world. If it is really possible to systematically predict price movements, there would have to be somebody who made millions or billions. The biggest billionaires are pure investors. An investor who speculates in investment funds has the advantage that he can buy his shares with the so-called cost average effect. In addition, his costs are significantly cheaper than if he speculated on the stock market.

Cost Average Effect

This does not mean that you as a trader could not be successful, it is only much harder than an investor. Trading stocks, CFD or futures is a special challenge. The chance to win as a trader is 1:23 in the stock market, 1:19 in the forex and 1: 6 in the futures market. The 1:19 chance in Forex means that 95% of traders lose long term. One of the main reasons for the loss is the high trading fees. The more you trade, the more likely you are not to be profitable. This gives a Swing Trader better cards than a Scalper. In search of successful traders, one inevitably comes to the trading experts who offer training, indicators or individual training.

4.The illusion of trading experts

In times of social networks there is a lot of envy, at the same time feelings arise: "That's what I want to achieve". On Instagram, YouTube and TicToc, many traders show their profits and tell of their rise to the league of the beautiful and the rich. Some also tell the supposed truth and start trading as a coach one year later. The alleged evidence these self-proclaimed trainers deliver can be forgotten. Nowadays you can fake the best stock market evaluations so that nobody notices. And even if real trades are mapped, it is hard to see whether this profit is actually based on competence or only by pure chance. Because there are over 5,000,000 traders, it is just by chance clear that some without any talent or skills to earn their money. Success can not be judged solely by whether someone makes money on the stock market. It is crucial that he is able to show others how to live long term from trading. This will succeed in the rarest cases, since each person is different. In the great YouTube videos where huge profits are shown, it is amazing that the losses are left out. That is also clear, because with losses one can not win customers. In principle, all this is a Facebook world, you see beautiful pictures and envies the other for his life. In reality, the other's life is only average and he show a life that he does not have in reality, just to attract customers. The fact is: a really successful trader will never act as a coach, or have you ever seen that Warren Buffett in the internet offering seminars? A successful trader trades for a few hours each day and enjoys the rest of the time with friends or family. Why should he take the stress out of running some $ 1,000 seminars and messing with dissatisfied customers. Believe me, most trainers are eunuchs who speak of intercourse and have no more idea than most beginners.

5.A critical look at the money

Everyone dreams of a beautiful life, with all amenities. What do you think why so many people play the lottery? Did you actually know that not the amount of money in a job is crucial, but first and foremost a balanced work-life balance, followed by leadership style and corporate culture? Makes money really happy now? Some studies have shown that it depends on how the money was earned. Assuming that the money was earned honestly and conscientiously, happiness is higher than if it was generated in a morally reprehensible manner. What matters is that morality thwarts us when we make our money with a guilty conscience. Honestly earned money actually makes you happy, if only for a short time but unfortunately not permanently. Before I started trading, I earned above average money in my job. The reason I chose to trade was the work-life balance that allows me to trade and not the tempting millions one can earn from it. Maybe that was the reason why I can live on it today. I love my work and find it very challenging to survive in these insanely heavy markets every day. I have been doing this for ten years now and believe me: Trading does not mean earning money in a simple way. If I counted the hours I spent in front of the screen with my previous hourly wage as a self-employed, trading in the first few years would not have been worth it. But the more experience you have, the more effectively you can act on the stock market. Under 10,000 hours of experience, this is not possible in my opinion to be profitable. If someone says otherwise, he is either a lucky guy or a trading coach.

6.We invest something more valuable than money

If you earn a 10% return on your trading while trading $ 10,000, you will receive $ 1,000 a month. After deducting taxes, there are about $ 700 left. You spend 10 hours per day and with the preparation at the weekend you work over 200 hours. That's an hourly wage of $ 3.50. 120% return is a very good performance as a beginner and yet the merit is lower than the social assistance. Why do you do that? Because you have the hope that one day it will get better. However, a person who is very ill, will see things differently. For him, time is the most important factor. Maybe we should also think about the time factor. Of course, for a beginner, the time factor is an investment, but how much time are you willing to invest? Remember, all the time you spend is lost to your family, friends, and yourself. That's why we should handle it carefully.

7.You always have to stay on the ball

A trader who does not trade does not earn money. As a trader, you have to watch, buy, analyze and sell every day in front of the computer. If you are ill or on vacation you do not earn money. As an employee, you will continue to earn your money, even when ill and on vacation. As a trader, however, you have one major disadvantage: you work diligently and still lose your money. That's a crucial point to think about.

8.Be on your own

As a trader, you sit alone in front of your screens every day and have few like-minded people to talk to. Of course, there are forums in which one can exchange views, but this is not comparable to a real conversation among traders. Even your family will rarely be able to help you, because they do not understand the matter. Therefore, you must be prepared to work alone. You have to motivate yourself and sometimes slow down yourself. That's one of the biggest challenges in the life of a trader. Think carefully about whether you can succeed with it.


Each coin has two sides, a shadow side and a sunny side. Let's take a look at what's speaks for trading.


1.Long or short around the clock with small capital

Previously there was no way to sell / short sell stocks and securities to make a profit. The only thing that could be achieved by selling stocks that lost value was to limit further losses. Today, traders can also make profits when markets fall. Financial crises do not disturb forex traders. You just click on Sell. The markets are open 24 hours a day from Sunday evening to Friday evening. This also helps beginners to start part-time. Trading accounts can be opened today with relatively little capital investment and additionally you can trade with demo accounts at the beginning. As forex traders the risks are manageable, in the futures market the risk is very high. That's great opportunities for a future future.

2.Some costs for self-employment

In most countries, you do not have to sign up for an expensive trade or start your own business. You do not need an expensive office because you can trade from home. Those who are married can get health insurance free of charge via their partner and in case of profit a maximum of 30% is taxable. The top tax rate in Germany is 45% plus an average trade tax of 15%, which is 60% in total. The tax situation of the traders is therefore a very interesting aspect. Most of the time, the internet is already there and the computers and screens you need are affordable. The investment of stock market data and a good stock exchange software costs a maximum of $ 50 a month. An optimal condition for a favorable start.

3.Trading is scalable

Anyone who has found his optimal setup with increasing experience and gains regular profits over time, has the option to optimize his earnings. You can scale the number of invested lots as you like. Of course, so does the risk. But with strategic money management you can oversee your risks. Winning 60% of the time on an average Return/Risk Ratio of 1: 2 gives you an experience, that's well worth scaling. This makes it possible to double its revenue relatively easily. Please note the total risk that you are willing to accept. This scalability is possible in the least professions. This is a special feature that is possible in trading.

4. Exchange time for more money

The longer and more successful you are in trading, the more you have the choice. I would like to invest more time to earn more or would prefer to spend more time for my family or hobbies. Due to the scalability you are flexible and can determine the optimal ratio of time and money with the help of your trading overview and a good Moneymanagement. Of course, one is exposed to the risk of losing every day, but since it is always about probabilities, one can still create a possible plan.

5.Trading is possible worldwide

The beautiful thing about trading is you can do it very easily and anywhere in the world. If you have the dream of moving to Australia, it's easier for you as a trader than for someone who needs to find a job first. Of course, there are some things to keep in mind, but as a trader you can earn your money everywhere. It will be interesting if you are very successful. In certain countries, taxes are much cheaper than in your country. If you earn $ 300,000 a year as a trader, you'll pay nearly $ 100,000 in taxes in Germany. In some countries, you can quickly save $ 60,000 in taxes. This allows you to pay your living expenses in the new country without giving up your old profits. An interesting thought.

6. Fun and free time sharing

As a successful trader you always have the choice. More time or more money. Scalability makes it possible to earn what you have earned in a month within a week. Now you can make the decision to work 2 weeks a month and earn twice as much as you did before. In addition to the free time division is now added the fun to enjoy its higher earnings in the double free time. But I always recommend save some money, because there are times when things do not go so well and then it is good to not have to rely on the income.

7.No physical effort

If you've worked hard and physically in your life before, you'll appreciate the convenience of a trader. Of course, Traden is a mental and psychological challenge that can be very tiring in the trade. But calculate yourself how often you are in the trade on a day. I am on the market about 10 times a day for a few minutes. Total maybe a maximum of 1 hour. The rest I sit in front of the screen and have a nice day. One can overcome that psychologically. If I imagine 8 hours of doing a hard physical work, I am glad to have chosen this profession 10 years ago.

8.Image and development

Being a trader is something special, I do not need to tell you how people react when they ask you what you do for a living. Only 0.6% of all people are traders, even doctors are 3 times more likely. We work in an environment that is associated with Wall Street. The only problem is, if you sit alone all day in front of the screen, that you should still evolve. During the last year, I did my master's degree in Java at Oracle 2,000 hours to better understand the indicators. That has brought me madly forward. In this blog I have written a total of 3 books, as a kind of trading journal. I've improved my English skills and regularly watch interesting trading videos in English. This year, I have dealt extensively with the stock market data and now develop interesting strategies to better identify the big players. If you rest, you rusts. Whoever is on the move, don t rusts. The key is that you are happy.

In my opinion, these were 8 reasons that speak against and for trading. I do not belong to the group of people who claim that everyone can trade. Trading is a very demanding profession and only about 2% manage to survive in this market in the long term. First and foremost, this is because of perseverance and less intelligence. Into a market created by chance is not the intelligence decisive, but rather the experience. And experience just needs time, nothing more, nothing less.

To be successful, I need optimal risk management. Professional risk management begins with the identification of risky problems. Risk management requires incalculable risks. Example: If you trade, you can never be sure that in the end you will win more than you lose. Qualitative risk management is therefore not limited to avoiding all risks in the first place, but rather is the process of identifying risks, then assessing them and then deciding whether it is necessary or even worthwhile to take risks. Risk management therefore means overcoming obstacles and taking advantage of opportunities. Often it is not considered that risks can certainly have positive effects. At this point, risk management builds up: every risk always has an opportunity at the same time. Just to take advantage of these opportunities - and thus to generate an added value from the conscious or already indispensable assumption of a risk. This is an important aspect of successful risk management. Who behaves better: Is it the person who sees everything new as an opportunity to be start, or is it still the one who first waits for developments and, in addition to Plan A and B, still devises Plan C and D? Basically, this question can not be answered. But every human being should ask himself whether he is suddenly too spontaneously plunging into something new, or whether on the other hand fear does obstruct new paths?

Almost everything new is once unfamiliar. Different people with different previous experiences and different natures will perceive something new as a chance or as a risk. And the vast majority of people will not only see one or the other, but both opportunities and risks, but with different proportions. And then it's about the willingness to take the risks in order to secure opportunities. The human risk appetite varies according to the situation, so that the basic attitude to risks is a stable psychological feature. People are more cautious in one situation and more risk-tolerant in the other. Thus, the level of risk-taking is individually rooted in the character of each person. If you put up with uncertainty, you might get more tension. What should we do now: Take or avoid risks? Or should one take careful and planned risks? A well-planned assumption of calculable risks initially sounds very good. When it comes to how calculable the risk must be, there is again a wide range of different answers.

In addition, one can also set different priorities when calculating risks: We can think about the probability of our behavior having negative or positive consequences. Traden offers opportunities for profit and fun, but at the same time is something we should not ignore risks. If we trade with real money, we can lose real money. And it should not be the money that we need for the next rent. In these situations, the actual questions that come to the fore come to the fore: What makes me happy and satisfied? We do not have to be a particularly risk-taking or cautious person to lead a happy and contented life. But we should ask ourselves what our risk behavior looks like and if it makes us happy. If we can answer that yes, that's fine, otherwise we'll have to change something. And if it does not work as a trader, that is not dramatic. Over 7.75 billion people are not a trader and still satisfied and hopefully happy.

Unfortunately, our personality does not change that easily. A person who avoids risk does not suddenly become a very risk-taking person and vice versa. But that is not necessary. Often a small step in the right direction is enough to cover a decisive path.

I wish you from the bottom of my heart, that you find this path.

best regards

Bionic time is money indicator


Hello dear subscribers,

During my daily trading I noticed that one often notices at the price change of the EURUSD , whether the course that runs in a particular direction is slowed down or not. Unfortunately, you can not see that in the current course price but well as in his current account balance in the terminal of the MT4. This was the idea to simulate an account balance. There are nine time units in MT4 from M1 to MN. The start is the close of the last candle, e.g. the Daily Close. From this point on you invest one lot on rising prices. When the price goes up, the indicator shows the gain in euros, when the price falls, the indicator shows the loss in euros. From the next Daily close the indicator starts again at zero. The M1 candle is recalculated every minute, the monthly candle every month. The calculation is done with the bid. If the value is positive, a green number is displayed, if the value is negative, the number is red.



On the left you see the indicator Bionic Time is money EURUSD Daily, on the right side you can see all nine time units. For this I shot a short video to show you the indicator in action.



Advantages of the indicator:

Resistances in the course of the price can be identified more quickly.
Trends are easy to grasp
Based on the profits or losses, the trend strengths can be recorded.

Disadvantage:

At each full hour, the H1, M30, M15, M5 and M1 begin with the same value.
The change in the presentation is very flexible, but also a bit laborious
The presentation is right-justified and optimized exclusively for the EURUSD.


I work here with two forms of presentation.

In my main chart, I work with the presentation in Dailychart, so that course obstacles are quickly recognizable for me. In addition, I placed an extra chart with the nine time units in a small corner. Thus, I recognize trend consequences and trend strengths very well. There is one more version for use in the chart. The monthly and weekly candles are a good long-term indicator, the day and H4 candle are a medium-term indicator and the remaining candles are an important clue to the short-term range. It may also be interesting what you could have earned if you were not out of the trade too soon. Just like what you would have lost if you were out later. You can learn something from that as well. Please note that this is 1 lot (100,000 euros). If you deal with a higher / lower number of lot you have to convert the value accordingly.

Another interesting point is the up or down counting of the respective amounts in certain price courses. With this you can quickly grasp, in which time unit, which sums can be earned or lost. The respective spreads or fees are of course to be added.

This is only an auxiliary indicator that should give us additional information and it goes without saying that we should not trade because of this information. Nevertheless, I hope the information will help you and I look forward to your feedback.

I wish you a successful Friday

best regards



I have created three different versions for you.

"Bionic Time is money EURUSD Daily" is the view from the last Daily close and a good overview for the day.



"Bionic Time is money EURUSD all times" is a big view of 9 time units and meant for you to create a single chart.



"Bionic Time is money EURUSD all times Small" is a view of 9 time units and suitable for copying into the chart view.



If that is not enough for you, the indicator can be customized.

best regards

Micheal the Bionic! Wow ..wow..just don’t know what to say. I take my hats off for you. Lol. Anyway I been following you for a while but for the past 6month now I have been seriously studying and testing your work. And I must say the results are mind blowing. I don’t wanna get too excited cos it might be too early lol!
However, i must confess the outcomes so far is really really looking good. But pls I have one request from you in other to facilitate test and compare the results.
I would have love to write you privately but I don’t know how.
Anyway , lam currently working on your demand and supply concept with your smzigzag-bionic v4.2 indicator.

I need your help Micheal pls , there are particular values on smZigzag-bionic v42. am testing and interested in.

Is there anyway you can code an indicator/scanner capable of scanning preferred instrument (market) or all the instruments the broker offers for this particular values am taking about?

for example let say am looking value of (4) at the end of a trend smZigzag-bionic v4.2 produces a value of 4 that’s fine or produce a value of 21.1 which will be = 4 by reducing the total number into one digit... which is 2+1+1=4.

or let’s say I wanted to scan for value of 7 and smZigzad-bionicv4.2 produces 7 at the end of trend ...that’s fine or 322 which i also called 7 by summing the total of 322 ( 3+2+2) = 7.

i want an indicator/ scanner capable of doing so. And also can allow me to scan multiple upto (1-5 different) values of choice at
a time. ( intraday/ end of day).
pls I will like to know if this is possible. This will go a long way in helping me with this test, of which I will get back to with results.
many Thanks,
Boby
p/s ... by the way my wife from Hamburg. Lol

[quote=bobydegood;12582380]Micheal the Bionic! Wow ..wow..just don’t know what to say.

Hello Boby,

Thanks again for the friendly compliment for this block. I am glad that you are so dedicated and that you deal extensively with this block. I am convinced that some information will help you and that will save you a lot of time. Your approach and deep research with the Bionic zigzag I would not recommend you.

The values that you analyze or calculate from this are purely random. The forex market is controlled by a total of twelve banks which produce 85% of the turnover. These big players can only collect Ask or Bid in a sideways phase, then push the course up or down. Depending on how many retail traders are prepared to Bid or Ask in different price levels, either Bid or Ask will be bought by the big players. And that's exactly what the future price trend will look like. The individual candles that we get displayed in the forex market are thus purely coincidental and have little meaning.

The Bionic Zigzag Indicator was designed with a background to recognize the trend strength in each candle while identifying strong pullbacks. The numbers above or below the candles indicate the average pipettes per candle that have occurred within the trend.



In this example you can see how a course goes down. Within the sideways market, the Big Players collect Ask or Bid, in this case Ask was collected, which is hard to spot on the forex candles. Within the sideways market, there are three strong upward moves that I have marked with a yellow circle. If you collect a large number of Ask, a course will inevitably go up. That alone was a good clue that someone could collect Ask. If you recognize such a situation, you just have to wait for the course to break through the strong yellow zone. Once the course comes back and accepts this yellow zone as resistance, you can try a long trade.

The average strength figures achieved in the individual candles are purely random and have no patterns. It is crucial to know at which price level someone buys Bid or Ask. We do not receive this information in the forex market. I recommend you to access data on stock exchanges, to see exactly what is happening in the market right now. Analyzing these stock market data by Bid and Ask is more of a work worthwhile in the long term. For this I will publish a detailed report at the weekend.

Although the price in the forex market is absolutely correct, unfortunately we can not look closer into the candle to see what is happening. Thus, all assumptions that we meet in the forex market are purely coincidental. In order to increase the probability of winning I have to resort to more in-depth information. PS: The new auxiliary indicator time is money may help you.

I hope that I could help you with that and wish you a nice weekend.

best regards

Thank you so much Micheal, i so much appreciate the swift feedback and recommendations. I will definitely look into it and put it into consideration.
many Thanks
Abel

I found that you are familiar with the construction of bar. I was seeking the bar that is related to price, but it is a little different from tick bar and range/renko bar.
Let me describe characteristics of the bar, here I name it 'p bar'.
suppose eurusd price 1.11000 at present, the minimum unit for p bar is 0.00001 here. the setting of p bar 10, means
1.1.11000->
2.1.11001->
3.1.11002->
4.1.11001->
5.1.11000->
6.1.10999->
......
10.1.10995
every step is basic unit 0.00001, set 10 means step 10 times up and down and must same size(0.00001)
Could you understand the this kind of bar? and what is difference between p bar with tickbar/rangebar/renkobar？
p bar vs range/renko bar
range/renko bar only care open and close price, neglect the procedure/process.
suppose set range bar 10, current price is 1.11000,
whenever price up and down 10 times ,100 times ,...etc. , if it not hit 1.11010(1.11010+10) or 1.10990, a new bar will never formed.
but p bar will form a new bar when up and down 10 times.
p bar vs tick bar
they are all reflect change of price , but tick bar did not consider the size of price. here still eurusd for example, minimus unit 0.00001, current price 1.11000
tick bar setting=5 tick,
first tick 1.11000
second tick 1.11001
third tick 1.11008
forth tick 1.11005
fifth tick 1.11006
after five tick, a new tick bar formed ,but p bar formed three bars ,why ?
p bar setting =5 p, for p bar, it is already step 12 unit, （1.11001-1.11000=1,1.11008-1.11001=7,1.10008-1.10005=3,1.11006-1.11005=1， 1+7+3+1=12), because setting=5 12/5=2.4 , formed three bar
could you comprehend the constructhon of the bar? Is there any bar like this ?

[quote=extjsjquery;12583708]{quote} I found that you are familiar with the construction of bar.

Hello extjsjquery,

First of all thank you for your request. What you describe seems to be the basis of calculation of the volume in MT4. Unfortunately, the Forex volume calculation is wrong, a detailed description and justification can be found here.

Volume in Forex

Basically, your idea is good to find out within a candle, how often the price was at a certain level. But even if you find out, it will not do you much good. The key is the number of Ask and Bid on a price level. In my experience, you can generate in Forex the optimal price representation with a tickchart, for this I have published some contributions in this forum.



In the stock market, there are 14 different price calculations, for which one does not need an offline chart and which are the same for all exchange participants.



Here is an example in Euro FX. The numbers show the seconds that the price spent in the respective price levels.



The same chart shows the volume on the left and the number of trades on the right.



On the left side you can see the number of Lots on the Bid side and on the right the number of Lots on the Ask side.



The difference between Ask and Bid is the delta. The result you can see in the chart.

The only reason for a price change in the market are the traded Bid and Ask. Unfortunately you can not get this information in forex. If this information is important to you, I recommend you to work with correct stock market data. That saves you a lot of time. Although I also act exclusively in forex, but I rely only on the stock market data. That's exactly what our current Project No. 7 is all about.

I hope that I could help you a little bit and wish you a nice weekend

best regards

Bionic Time is Money High Low


Hello dear subscribers,

I would like to publish an interesting extension for the time is money indicator today. First of all, we always look at a daily course in EURUSD. Within this day, there are four crucial zones. The Daily open, the Daily High, the Daily Low and the current price.



Basically, the indicator assumes that one sets at the Daily Open, 1 Lot on rising prices. The amount at point A is calculated by the difference between the open and the high. The amount at point B is calculated by the difference between the open and the current price. The amount Point C calculates the difference between the open and the low. So you can clearly see the difference between high and low.

In addition, I have updated the two indicators time is Money all times. The start is now the respective open of the current candle and not the close of the previous candle. More information about the indicator can be found here:

Bionic time is money indicator

I wish you a nice Saturday

best regards

Hello Abel,

You are welcome. I think the key point is correct data. When flying a plane, you also expect correct displays and data. Otherwise a crash is inevitable. The trade is always about a lot of money that you can lose. It is better to invest the possible loss in a good trading software and stock market data. But you have a decisive advantage. You have this information now and can make something out of it. in a few minutes I'll post an interesting report, how the big players work. Maybe this will help you.

Have a good weekend

Greetings Michael