Whistleblower / MAD World
Hello dear subscribers,
With my last article that I posted on Sunday, I seem to have struck a nerve with some traders, which has caused them to react differently.
Which is stronger, market orders or limit orders?
First of all, I would like to emphasize that the vast majority of traders have reacted very positively to this contribution, I would like to thank you for this. But there were also clear hints that I had already revealed too many secrets, which would significantly reduce my market advantage and that I should therefore consider discontinuing this thread. Some others expected me to publish my complete filter setting in the form of templates to make it accessible to the people concerned. This prompted me to choose a heading that I have used in the past for a post. I recommend reading this post again to get a little closer to the big players.
Mad world
It's actually a crazy world, if someone posts on Forex Factory posts that are utter nonsense, the majority are expected to stop these posts so as not to misinform traders. When someone posts something that comes very close to a possible truth, there are also people who expect to stop it so that they don't have to give up a possible advantage.
I asked this writer to post his message to me on my blog. He wrote back to me that he would not do it because this blog would get even more attention and we would both get more damage from it. First of all, I can understand his approach, because if someone uses a similar advantage, he also worries that my publication will reduce his own advantage. While I have no doubt that the person who wrote to me followed a similar approach, I do not believe that they are able to get the same market overview that we are working with.
As far as I know, there are currently only one or two platforms on the market that are capable of realizing these representations. With over 1 million different filter setting options, it is also unlikely that someone will work with the same setting as me. First of all, I take his friendly request not to reveal too much as a compliment and would also like to thank the writer for this. He just meant it well and wanted to protect himself and me with it. But am I really a whistleblower and is my information so crucial to change markets?
First of all, let's take a closer look at what I have revealed in detail and what effects this could have on a market.
From the perspective of a forex or future trader who has never dealt with algorithms, this information may be new at first, but he cannot do anything with it. The reason is that the market is far more complicated than I presented in my posts. There are different data feeds, with different information that have to be intercepted in a certain way in software. Then the actual work of the different filter settings begins to identify the different algorithms. I not only work with filter settings provided by the software, but also use my own programmed filter settings. These own programmed settings are my personal trading advantage as they are tailored to my personal needs. I willnot publish this information and I will not sell it. I only earn my money from trading and use my creativity to decipher algorithms.
Another point that is very crucial is the complexity of the market. The way big players work means that I have to optimize and adjust my filter settings every day. My posts, which I posted a few days ago, are already a thing of the past for me, since my filter settings and my optimizations have been extremely changed again. We have to be aware that this market changes every day and those who don't adapt to these changes cannot be successful in this market.
Another point is very important, there is no successful system in this market and there will never be. A profitable success always depends on a single trader if he is able, in the complexity of the market, to filter the big player algorithms in such a way that he can gain a trading advantage from them. And that will never work by putting a template on the screen to be successful. Then a Formula 1 driver would also be able to become world champion the following year with the racing car setup of the last world champion. And that is precisely what does not work because the world champion has personally tailored his setup.
I started this blog because I write my own trader diary and generate new ideas for my personal setup. The second, crucial point is to find dealers who share the same level of knowledge. These are crucial points that help me personally. Why should I stop this thread and block my own development?
Of course, I reveal some things that the majority of traders may not yet know, but we should be aware that sooner or later this knowledge will reach retail traders anyway. There are already well-known traders who have worked with high-frequency traders or big players in the past and who unfortunately sell their knowledge at a high price today. I offer my knowledge for free, I don't want to be a trainer, I don't want to sell trading signals or EAs or any templates to identify algorithms.
My information can ensure that you already have 80% of the knowledge to be successful in this market. But you have to walk the last 20% of the way yourself. This 20% of knowledge is the exact breakdown of the algorithms that make a trader trade profitably. And this 20% is my personal market advantage that I would not sell for any money in the world. This is my personal racing car setup that is tailored to me. And that's the only key to success for me.
If you first deal with the 80% and familiarize yourself more with the matter, you will be able to create your own profitable setup that will give you an incomparable market advantage. But that's the hardest and most time-consuming job. I have already pointed out that anyone who develops a working lottery generator will always use it himself and never sell it. This lottery generator can be compared to the identification of the algorithms. The big problem is that the algorithms change daily and there will never be a sustainable, functioning lottery generator. So it's an ongoing development process. First of all, it is crucial to decode the basic algorithms and then to adapt them depending on the market development.
I do not need to tell you that there are insanely clever minds on the market, especially in the field of algorithm programming, who come up with new strategies every day and make them available to the big players. My job will be to follow these algorithms to decrypt them in a short time. This is a very demanding job that I see only as a challenge. Therefore, the information I posted last week is already a thing of the past.
The aim of a trader is to orientate his knowledge as closely as possible to the present. And that's the biggest challenge in these markets. We should be aware that the markets will change even faster in the future and the algorithms will adapt even faster to different market conditions. The big players are already developing self-learning algorithms that learn from their own mistakes in order to exploit the market even more efficiently. What I'm posting here is just the tip of the iceberg and it's not because I want to conceal it, it's because I don't know yet.
I will continue to share my knowledge with you, but everyone should be aware that my knowledge is always a little behind reality. The big players have a huge head start and whoever gets a little closer to this information automatically has an advantage over 90% of most traders. I would like to emphasize again that I do not believe that my knowledge is the decisive factor for successful trading. I have my own opinion, which I propagate as long as I can. There are certainly much more successful traders at Forex Factory that I really appreciate and each of these people has their own opinion that I absolutely respect. Perhaps it is possible for me to give a little help to one or the other trader, because many statements by these traders have also helped me. I would like to thank you for this.
I hope that I was able to make my point clear to you, wish you a successful trading week and continued success
Lovely wishes
Michael
Hello dear subscribers,
With my last article that I posted on Sunday, I seem to have struck a nerve with some traders, which has caused them to react differently.
Which is stronger, market orders or limit orders?
First of all, I would like to emphasize that the vast majority of traders have reacted very positively to this contribution, I would like to thank you for this. But there were also clear hints that I had already revealed too many secrets, which would significantly reduce my market advantage and that I should therefore consider discontinuing this thread. Some others expected me to publish my complete filter setting in the form of templates to make it accessible to the people concerned. This prompted me to choose a heading that I have used in the past for a post. I recommend reading this post again to get a little closer to the big players.
Mad world
It's actually a crazy world, if someone posts on Forex Factory posts that are utter nonsense, the majority are expected to stop these posts so as not to misinform traders. When someone posts something that comes very close to a possible truth, there are also people who expect to stop it so that they don't have to give up a possible advantage.
I asked this writer to post his message to me on my blog. He wrote back to me that he would not do it because this blog would get even more attention and we would both get more damage from it. First of all, I can understand his approach, because if someone uses a similar advantage, he also worries that my publication will reduce his own advantage. While I have no doubt that the person who wrote to me followed a similar approach, I do not believe that they are able to get the same market overview that we are working with.
As far as I know, there are currently only one or two platforms on the market that are capable of realizing these representations. With over 1 million different filter setting options, it is also unlikely that someone will work with the same setting as me. First of all, I take his friendly request not to reveal too much as a compliment and would also like to thank the writer for this. He just meant it well and wanted to protect himself and me with it. But am I really a whistleblower and is my information so crucial to change markets?
First of all, let's take a closer look at what I have revealed in detail and what effects this could have on a market.
From the perspective of a forex or future trader who has never dealt with algorithms, this information may be new at first, but he cannot do anything with it. The reason is that the market is far more complicated than I presented in my posts. There are different data feeds, with different information that have to be intercepted in a certain way in software. Then the actual work of the different filter settings begins to identify the different algorithms. I not only work with filter settings provided by the software, but also use my own programmed filter settings. These own programmed settings are my personal trading advantage as they are tailored to my personal needs. I willnot publish this information and I will not sell it. I only earn my money from trading and use my creativity to decipher algorithms.
Another point that is very crucial is the complexity of the market. The way big players work means that I have to optimize and adjust my filter settings every day. My posts, which I posted a few days ago, are already a thing of the past for me, since my filter settings and my optimizations have been extremely changed again. We have to be aware that this market changes every day and those who don't adapt to these changes cannot be successful in this market.
Another point is very important, there is no successful system in this market and there will never be. A profitable success always depends on a single trader if he is able, in the complexity of the market, to filter the big player algorithms in such a way that he can gain a trading advantage from them. And that will never work by putting a template on the screen to be successful. Then a Formula 1 driver would also be able to become world champion the following year with the racing car setup of the last world champion. And that is precisely what does not work because the world champion has personally tailored his setup.
I started this blog because I write my own trader diary and generate new ideas for my personal setup. The second, crucial point is to find dealers who share the same level of knowledge. These are crucial points that help me personally. Why should I stop this thread and block my own development?
Of course, I reveal some things that the majority of traders may not yet know, but we should be aware that sooner or later this knowledge will reach retail traders anyway. There are already well-known traders who have worked with high-frequency traders or big players in the past and who unfortunately sell their knowledge at a high price today. I offer my knowledge for free, I don't want to be a trainer, I don't want to sell trading signals or EAs or any templates to identify algorithms.
My information can ensure that you already have 80% of the knowledge to be successful in this market. But you have to walk the last 20% of the way yourself. This 20% of knowledge is the exact breakdown of the algorithms that make a trader trade profitably. And this 20% is my personal market advantage that I would not sell for any money in the world. This is my personal racing car setup that is tailored to me. And that's the only key to success for me.
If you first deal with the 80% and familiarize yourself more with the matter, you will be able to create your own profitable setup that will give you an incomparable market advantage. But that's the hardest and most time-consuming job. I have already pointed out that anyone who develops a working lottery generator will always use it himself and never sell it. This lottery generator can be compared to the identification of the algorithms. The big problem is that the algorithms change daily and there will never be a sustainable, functioning lottery generator. So it's an ongoing development process. First of all, it is crucial to decode the basic algorithms and then to adapt them depending on the market development.
I do not need to tell you that there are insanely clever minds on the market, especially in the field of algorithm programming, who come up with new strategies every day and make them available to the big players. My job will be to follow these algorithms to decrypt them in a short time. This is a very demanding job that I see only as a challenge. Therefore, the information I posted last week is already a thing of the past.
The aim of a trader is to orientate his knowledge as closely as possible to the present. And that's the biggest challenge in these markets. We should be aware that the markets will change even faster in the future and the algorithms will adapt even faster to different market conditions. The big players are already developing self-learning algorithms that learn from their own mistakes in order to exploit the market even more efficiently. What I'm posting here is just the tip of the iceberg and it's not because I want to conceal it, it's because I don't know yet.
I will continue to share my knowledge with you, but everyone should be aware that my knowledge is always a little behind reality. The big players have a huge head start and whoever gets a little closer to this information automatically has an advantage over 90% of most traders. I would like to emphasize again that I do not believe that my knowledge is the decisive factor for successful trading. I have my own opinion, which I propagate as long as I can. There are certainly much more successful traders at Forex Factory that I really appreciate and each of these people has their own opinion that I absolutely respect. Perhaps it is possible for me to give a little help to one or the other trader, because many statements by these traders have also helped me. I would like to thank you for this.
I hope that I was able to make my point clear to you, wish you a successful trading week and continued success
Lovely wishes
Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
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