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Bionic Chart - The easiest forex navigation

  • #21
  • Oct 17, 2021 11:51am Oct 17, 2021 11:51am
No mt5 version?
  • #22
  • Oct 17, 2021 11:59am Oct 17, 2021 11:59am
Quoting ifurlan
I was reading some of the posts made on the Equilibrium thread. It gave me some valuable insights from the perspective of an institutional trader.
Hello ifurlan,
I am very pleased, thank you very much. The thread: Equilibrium, the key to success will deal in the future with the algorithms that the big players use in their trading to match their market orders with the limit orders. It may be a nice addition to the Bionic Chart later on. Many Forex traders do not work with stock market data and therefore do not get that deep market insight. This is exactly why the Bionic candle was developed, which, by the way, is one of the most important points in trade for me too. We do not need any stock market data for this, I will provide specific information on this next week. Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #23
  • Oct 17, 2021 12:01pm Oct 17, 2021 12:01pm
Important message to everyone visiting our thread for the first time.

First of all, we are pleased that you would like to take part in this exciting exchange. So that you get the most important basics, please have a look at my first post in the interest of all members:

https://www.forexfactory.com/thread/...rex-navigation

Thank you and we look forward, to a constructive exchange with you. Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #24
  • Oct 17, 2021 1:13pm Oct 17, 2021 1:13pm
Quoting WebFlar
Hi Michael good morning. I have read, indeed listened carefully to your post and I find the idea to be very interesting. You must know that I signed up on FF just to have the possibility of being able to communicate with you, since I haven't found a way to contact you around. Know that I too am not using my native language but a text translator. I am Italian and like you I have been trading for more than 10 years, I have developed my proprietary indicators that maybe one day I will have the pleasure of showing you if it will be to your liking. I...
Hello Fabio, first of all a warm welcome and many thanks for the kind words. The Bionic Candle project is my top priority, we will talk about this in great detail in the next few days. The Bionic Chart runs on MT4, which is the largest trading platform in the world and can be downloaded anywhere for free. Depending on the broker, this is the access to the largest market in the world, which, by the way, is 20 times as large as the stock or futures market. The forex market and futures market are two completely different markets, which are, however, connected to one another via swaps. I work exclusively in the forex market and only use the stock market data to read out the algorithms of the big players. This thread will not deal with the algorithms, but exclusively with the Bionic Candle. The forex market is much more difficult to trade than the futures market, but it also offers much more security for retail traders, as European brokers exclude the obligation to make additional payments. Usually, many future traders believe that they are superior to forex traders. However, this is a fallacy, because the volume trading that many trading coaches sell for expensive money does not work because bid and ask have nothing to do with each other and never meet in the market. In this market in which we work, there is no volume, only price. And in Forex EURUSD, the price is the guiding wolf, on which the exchanges orient themselves. The Bionic Candle has a number of properties that enable a retail trader to positively influence the probability of a profit even without stock market data. I am very happy that you are part of this blog. Kind regards Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #25
  • Oct 17, 2021 1:44pm Oct 17, 2021 1:44pm
Hi Michael!!! I am following your branch with great interest !!! Bravo!!! I will gladly take part in your project !!!)))
  • #26
  • Oct 17, 2021 3:24pm Oct 17, 2021 3:24pm
Quoting DerWanderer
No mt5 version?
Hello DerWanderer, first of all we start next week with MQL4, in November I have a little more time, then I'll see if I can do it in MQL5. Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #27
  • Oct 17, 2021 3:35pm Oct 17, 2021 3:35pm
Quoting Mik-Orlov
Hi Michael!!! I am following your branch with great interest !!! Bravo!!! I will gladly take part in your project !!!)))
Hello Mik-Orlov, I'm very pleased, thank you very much. Incidentally, I find the creativity of the Russian programmers fascinating; you can find excellent analysis tools there, especially in the area of open interest. Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #28
  • Oct 17, 2021 3:40pm Oct 17, 2021 3:40pm
Hi Michael, thank you for all the work in the previous thread and the videos you provided...Could not answer there a lot as was only for red flags profiles.Anyway looking forward to the new project!Kind regards, Milos
Make your own rules and stick to it.
  • #29
  • Oct 17, 2021 3:52pm Oct 17, 2021 3:52pm
A question, is it possible to trade index CFDs, such as the US30 and UK100?
He bought? Dump it!
  • #30
  • Oct 17, 2021 8:17pm Oct 17, 2021 8:17pm
subscribed, pretty inspiring
  • #31
  • Oct 17, 2021 11:26pm Oct 17, 2021 11:26pm
I would recommend applying your price indicator on a larger time frame (1hr and 4hr) I noticed that your indicator has an edge in determining strong trend and fading trend, like I said focus more on larger time frame , I've come to notice time after time how chaotic the 1 minutes and 5 minutes time frame can be ,so understanding the price action using smaller time frame can be Very complicated if not impossible..
  • #32
  • Oct 18, 2021 1:37am Oct 18, 2021 1:37am
Quoting charli86
Hi Michael, thank you for all the work in the previous thread and the videos you provided...Could not answer there a lot as was only for red flags profiles.Anyway looking forward to the new project!Kind regards, Milos
Hello Milos, thank you very much I appreciate that. I am glad that you are there. Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #33
  • Oct 18, 2021 1:38am Oct 18, 2021 1:38am
Quoting ifurlan
A question, is it possible to trade index CFDs, such as the US30 and UK100?
Hello ifurlan, in principle, it is possible to call up the Bionic Candle in all ASSETS that your broker makes available to you. You will be able to test for yourself in our project to what extent this is effective and is worthwhile. Myself and my co-moderator only trade in the most liquid currency pair in the world, EURUSD, where we have the most experience. Warm greetings
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #34
  • Oct 18, 2021 1:38am Oct 18, 2021 1:38am
Quoting cinalex
subscribed, pretty inspiring
Hello cinalex, welcome to our thread and thank you for the friendly praise. There is a great deal of potential in the Bionic Candle; in recent years we have only been able to decipher a small part of it. What we have discovered is worth starting this thread, but we will find out the real impulses in a great collaboration. Kind regards Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #35
  • Oct 18, 2021 1:39am Oct 18, 2021 1:39am
Quoting ohakaba
I would recommend applying your price indicator on a larger time frame (1hr and 4hr) I noticed that your indicator has an edge in determining strong trend and fading trend, like I said focus more on larger time frame , I've come to notice time after time how chaotic the 1 minutes and 5 minutes time frame can be ,so understanding the price action using smaller time frame can be Very complicated if not impossible..
Hello ohakaba, first of all I am pleased that you have already gained some experience with the Bionic Candle and that they help you with trend analysis. My friends and I, who have been dealing with the Bionics Candle for several years, are even working with it in a 4 tick chart, which is even more volatile than the M1. I agree with you that a larger time frame allows more precise statements. Fortunately, the advantage of the Bionic Candle is that these zones can be reduced very precisely in smaller time units. We will talk about this in great detail later. Kind regards Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #36
  • Oct 18, 2021 3:57am Oct 18, 2021 3:57am
Hi Bionics
Thanks for fascinating thread,when i understand your Bionic Candle a little more i'll give it a go on The Dax which i trade mainly because of it's volatility,you don't have to wait long before you know whether you're right or wrong with your analysis
  • #37
  • Oct 18, 2021 5:26am Oct 18, 2021 5:26am
Quoting watsone
Hi Bionics Thanks for fascinating thread,when i understand your Bionic Candle a little more i'll give it a go on The Dax which i trade mainly because of it's volatility,you don't have to wait long before you know whether you're right or wrong with your analysis
Hello watsone, thank you very much and welcome to our place. This is exactly the goal to find out for you in which asset you have the best probability of winning with the Bionic candle. The high volatility in the Dax results from relatively low liquidity on the limit side and increased volume on the market side. You may reach your limits with the Bionic candle, but you can always switch to markets that have a high level of liquidity on the limit side, e.g. EURUSD, USDJPY or GBPUSD. Kind regards Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #38
  • Oct 18, 2021 5:51am Oct 18, 2021 5:51am
great work again !
keep it up
cheers !!!!
  • #39
  • Oct 18, 2021 7:47am Oct 18, 2021 7:47am
Quoting ShanA
great work again ! keep it up cheers !!!!
Hello ShanA, thank you very much for the kind words. We haven't done much so far, but that will change. I am currently preparing another video and I hope it will go online soon. Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #40
  • Oct 18, 2021 11:42am Oct 18, 2021 11:42am
A new video will be released tomorrow morning


Hello Bionic Trader,

I finished another video today, which will be online tomorrow morning from 7:00 a.m. There we will talk about some very interesting aspects of the Bionic candle. It will definitely be exciting. I hope you all had a good and successful day. Kind regards Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
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