Bionic Chart - The easiest forex navigation

Hello Lem, you are right when one only work with forex data in the forex market. But I am a hybrid trader who uses the stock market data to make trading decisions in the forex market. Of course, I work with the invisible price zones of the big players, which I determine with the Bionic candle. But for me that's only a small part of my overall approach. The invisible price zones show me where something can happen. The algorithms show me when I have to get in within this bionic zone and my pip value per minute when I have to get out again. In addition, I still work with special limit orders that show me exactly at which price level the bid or ask is collected. However, this has nothing to do with indicators, as I only work with the Bionic candle on my forex chart. My approach is designed to get as deep into the eye of the tornado as possible. But that would overwhelm the bionic approach. First of all, it is important for a trader to identify the turning points through the invisible price zones. Those who master this can then use stock market data to penetrate deeper into the eye of the tornado in order to further optimize their probability of winning. Kind regards Michael

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

Tomorrow is non-farm employment news, at 2,30 pm Central Eu time.

Hi Lem, my real goal with regard to the Bionic Candle is relatively simple. In the last 3 years after developing the Bionic candle, I have discovered some things that I think are sensational. But I believe this is just the tip of the iceberg. I was ready to share my knowledge with the background that together we would find out more advantages about the Bionic candle than I would have been able to do on my own. These shared insights could bring me more long-term benefits than if I had kept my knowledge to myself. Because let's face it, why should I share a huge market advantage without benefiting from it? I'm ready to share, but I'm not doing this for free. Here in the forex market, it's not about money, but about the willingness of people to share their knowledge about the bionic candle. The Bionic candle has been downloaded some 1000 times, I am curious to what extent these traders are willing to share their knowledge in this thread. The bionic candle is just a small piece of the puzzle of the knowledge that I have acquired over the past few years. I will only pass this knowledge on if something comes from the other side. Perhaps, We will be surprised. Greetings Michael

It's a great project, Michael and it's been a blast travelling the road with you since you began. Now looking forward to seeing what comes round the corner next.

One has to pray for miracles, but work hard for changes


Hello Lem,

Almost 2.5 years ago this was your first post on my blog.


I have to say that this is one of the most original and in depth threads on FF. The sheer amount of information available here for free is staggering. The fact that traders are then able to pick and choose the aspects that are of use to them directly is purely a bonus! I have no idea if you will be able to sustain this level of knowledge transfer without burning out but for now, well done and long may it last.

You are a very constructive and friendly person, with a high emotional quotient, have a very wide range of knowledge and know about Forex Factory better than I do, because you have a deeper insight into what is happening. In addition, you are very committed and post 10 times more content than me per month. I would like to take this opportunity to thank you for your many great contributions and ideas, which stimulate thought and can make a difference. I am happy that my ideas will help you too and that you can use them to develop further concepts for yourself.

The most important thing in trading is a kind of consistency that a trader needs to be successful. I've always been a very short-term trader and my strategy is in equilibrium, because that's where the big players collect ask or bids, which determines the future course of the price. That's why my first blog is also called: Equilibrium, the key to success. The idea for the Bionic Candle came up in 2014 and so did one of my first posts here at FF. The reason I signed up on this platform was because of the great contributions from Hanover, who is over 15 years at FF.

https://www.forexfactory.com/thread/...5#post10631955

10 months later I published the Bionic Candle because Georg (Swingman), a brilliant programmer, was kind enough to support me. At the same time, I was doing my master's in Java to better understand the structure of indicators. To date, the Bionic Candle has been downloaded over 10,000 times in total, but I had the feeling that most of them didn't even know what the potential was.

So for the last three years I have walked the path on my own for the first time and have dealt very intensively with the Bionic candle. In my newly created blog, I have now summarized my collected findings to show the advantages of the Bionic candle. The problem with this is that many traders expect immediate success. If this success does not occur, then the indicator or product is useless. Let's stay with the issue of consistency that I just mentioned.


On the left side we see the Bionic Candle 2019 and on the right side the Bionic Candle 2021. The basic principle of the Bionic Candle has been preserved as before. With the new candle we are only able to look a little deeper into the market.


On the left side we see my future screen from 2019 and on the right side my future screen from 2021. I still follow the same principle, but I am able today, to look much deeper into the eye of the tornado. To an outside observer, it may look like I'm constantly changing my strategies, but the only thing I actually change is the point of view. The basic elements are all retained, only the sieve is getting finer and finer in order to find all the gold.

Updated Bionic Candle

I have also readjusted the Bionic candle in the last few weeks. There is one very important aspect that I will go into in more detail over the next few days. Of course I will also make this new bionic candle available to all traders here free of charge. That means I have always followed the same approach, as I have done for many years. The only thing that changes is the angle of view in order to be as close as possible to the eye of the tornado.


It's similar with the VW Golf, of course the VW golf looks a little different today than it did then, but it also has four wheels, can drive forwards and backwards and has a steering wheel. The principle of the car has also remained the same here and I also pursue exactly the same concept within my trading strategies.

Many thanks again for your great contributions, I wish you continued success and look forward to more ideas.

Kind regards Michael

Are there patterns in the candles?


Hello dear Traders,

In today's video, you will learn how to protect yourself from the big players. We check whether there are clear pattern sequences in the price and I am introducing a new candle that brings you significantly more information, while at the same time saving 33% in time. First of all, thank you very much for all of your private feedback that has reached me. I am very happy that the information helps you and that you can optimize and improve your probability of winning. In the last few weeks there have been more and more inquiries about how I have optimized my approach over the past few years. I would like to go into that.



I wish you continued success and tomorrow the next video will start.

Greetings Michael

2.5 years! Time flies when you're having fun for sure, eh?! Glad to have been some small part of the equation.

Onwards and Upwards!

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

Good morning. Took 2 trades yesterday:
EURUSD5
-1 small loss.
-1 with almost 3 R profit, which I closed 15 minutes before the non-farm news.
Bionic Stop Run works.

One thing I noticed a long time ago with EURUSD, is that often the Big Boys run Stops twice. My feeling is that they already realized some retailers are using SR levels, and they program their algos to wash and rinse the weak hands twice.

After the non - farm wash bar (45 pips to slaughter as many as possible, so much for long-time traders!)

Then the market in the 5-minute bar continued down and turned up at 5.30 PM . I was done for the week, but could not figure out the reason for the turn.
So I went up to the D,W, nothing...but looking at the Monthly bar bingo, there it was.
Have a nice weekend.

Multiple stop hunting



Hello Cuchuflito,

Thank you for your experience report, I am pleased that the Bionc candle helps you in retail and the first successes can already be seen. The fact that the stops are run several times from time to time has the following background. If fewer stops are triggered in the event of a downward stop than the algorithms have previously identified, it is likely that there are currently more long traders than short traders in the market. In order to rule out this factor, the market is first slowly driven upwards and then followed by a second stophunting downwards. This ensures that there are as few long traders as possible in the market at this point in time. Since the market then goes up for a longer period of time, this should prevent as few long traders as possible from benefiting from a longer upward movement from the low. The bionic candle has the clear advantage that you can actually identify every turning point in the chart with it. For a beginner it is not easy at first, but whoever deals with it for a long time is also able to predict these turning points in the future with a high probability.

I wish you continued success in trading

Kind regards Michael

Laptop or Desktop PC, which is better?





Hello dear traders,

In the last few weeks I have been asked again and again whether it is better to use a PC or laptop for trading and which operating system is the best. These questions are not easy to answer at first, as there are different decision criteria that we will look at in detail. Many mistakes can arise if the order of the decision criteria is not followed. And that is exactly what can cost a lot of time and money in the end. Nowadays, especially for young people, the issue of mobility is a decisive factor that contributes greatly to independence. Unfortunately, however, trading mobility has some weaknesses that we need to talk about. We will take a close look at the different aspects, weigh up all the advantages and disadvantages so that you can make a decision that is satisfactory for you in the end.



I keep my fingers crossed that you will soon reach your breakeven point.

Greetings Michael

Important announcement Bionic Candle 6.0

Hello dear Bionic Traders,

In the last few weeks I have implemented some ideas that have led to an upgrade of the Bionic candle. This is about an important aspect that has received little or no attention in the market up to now. This idea will bring you a lot of new knowledge in connection with the Bionic candle. On Monday I will write a very detailed article on this, of course with the new Bionic Candle 6.0 and some interesting templates.

Kind regards Michael

Find the fastest broker


Hello dear Bionic Traders,

Today's post is about the differences between Forex brokers and how you can individually find the best broker for you. We also shed light on criteria that are normally not taken into account. As I have already shown in my previous videos, I essentially only use the forex data to process a trade. The decisive advantage lies in the incredibly high level of security that a forex broker offers in relation to the future market. However, we will also look at the dangers that some forex brokers pose. There are still too many black sheep in this industry who take advantage of their hegemony over retail traders. Those who are familiar with this matter can quickly protect themselves against fraud or manipulation.



Greetings Michael

Bionic Candle 6.0
Bullish and Bearish Doji


Hello dear Bionic Traders,

In the last few weeks you have had your first experience with the new Bionic candle and I have received many positive responses from you. For that I would like to take this opportunity to thank you very much. In today's post I will introduce you to the Bionic Candle 6.0, the innovations there and at the same time show you the various possibilities the Bionic Candle offers.


The updated version of the Bionic Candle is primarily about the dojis. In normal day-to-day business, the dojis are given relatively little attention. On the one hand, this is due to the fact that the open is identical to the close, so there is no candle body and the representation in the chart only consists of two lines. In the Bionic Chart, the Dojis are now differentiated between bullish and bearish. This distinction does not yet exist, as a Doji is always a neutral movement and the open and the close are on the same price line. First, let's ask what a doji says. Well, in this case, there is uncertainty in the market. Of course, this uncertainty is accidental, as we know that a candle is formed out of price and time.


So far this uncertainty has received less attention in the market, for this reason the bearish and bullish doji have now been added to the Bionic candle. A dark red candle (Bearish Doji) appears in the Bionic Chart when the distance from Close to Low is further away than the distance from Close to High. Likewise, a dark green candle (Bullish Doji) arises if the distance from close to high is further away than the distance from close to low. Let's take a look at this in practice.


Basically, we can first of all assume that significantly more dojis will arise in the M1 than in the M5 or M15. At point A we see an upward movement and recognize here a clear dominance of the bullish dojis. In the subsequent downward movement, at point B, the dominance of the bearish dojis has an advantage. At point C, the bearish dojis also have an advantage. In the subsequent upward movement, at point D, there are no other dojis apart from the bullish dojis. From my point of view, it is difficult to predict the future course of the course from the number of dojis that will arise. However, I have already discovered an abnormality that could help us in the future. Significantly more dojis arise within an equilibrium than in a clear upward or downward movement. With this the dojis could help us to identify an equilibrium earlier. We will definitely find out together over the next few weeks and months whether this is actually the case.


The Bionic candle is very variable in its different settings. In this illustration you can see the Bionic Move Candle. When the close is above the open, the candle is drawn in green and when the close is below the open, the candle is drawn in red. Except for the doji, which we talked about earlier. This representation shows the main movement of each candle, whereby you can of course also display the open and close via the MT4 chart.


Here you can see a candlestick where the bullish movements (Ask) are compared with the bearish movements (Bid). It should be noted that this ask and bid display has nothing to do with the future market and only relates to the calculation of the Bionic candle.



Only the bullish movements within the Bionic candle are shown here. In an upward movement it is the distance from low to close, in a downward movement likewise.


Only the bearish movements within the Bionic candle are shown here. The upward and downward movements are basically the distance from high to close.



What can you do with this information?




It gets interesting when you put two different charts next to each other in a tick or seconds chart. In the video, the price initially went down, where you can see exactly that the bearish movements have a clear advantage. A small equilibrium arose, with the bullish and bearish movements being equally strong. After that, the price went up, with the bullish movements having a clear advantage. You will also find a template, from a post from November 2018. Please note that you have to use the new Bionic candle 6.0 there.

https://www.forexfactory.com/thread/...8#post11653168


At the end you get a template, with gray neutral candles, where only the strongest movements are highlighted. The strongest movement in a bearish candle occurs when the close occurs on the low. The strongest movement in a bullish candle occurs when the close occurs on the high. In the last chart below, only the bullish and bearish dojis are highlighted. The views are of course more interesting in a tick or seconds chart. At the end of the article you will find the respective templates with the new Bionic candle 6.0.

Summary

Using the examples, you can see that the Bionic candle is very flexible in its presentation, as you can highlight different movement sequences. It should be noted that the candle is still the fastest indicator on the chart. Now it is entirely up to you to find out which of these representations is best for you. Due to the special display of the Bionic candle, it is much clearer than a normal candle chart. And it is even able to better represent unclear price zones. Please note that so far we have only talked about the Bionic candle without adding any further indicators. Depending on the representation, you will only get more information with this candle than if you work with many different indicators. Working with the Bionic candle is like having a new car that you drive for the first time. It inevitably takes a while to get used to it. But once you have discovered the advantages for yourself, you will no longer give up the Bionic candle.



Here is the corresponding video!

The current bionic indicator with the latest templates can be found on the first page!

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


I keep my fingers crossed that you will achieved all of your goals that you have set yourself and I look forward to your feedback.


Kind regards Michael

Bless you for all the hard work putting into make Trading interesting, and simple for us ...

Hello ShanA, thank you very much for your kind words, I would be very happy if this information helps you with your daily trading. As soon as the first usable feedback from the participants comes, we will go a little deeper into the Bionic Candle with interesting auxiliary indicators. I wish you a successful trading week. Greetings Michael

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

Michael, I am a quiet lurker in many forex forums and I speak very rarely (I have a rule that if I have nothing interesting to say, I remain silent).
I must admit that I am very intrigued by the concepts you describe on the forum and in the movies, the issues you describe are very close to me:
- years ago I experimented with charts modifying them so that I could see upside and downside candles separately
- I was wondering about the possibilities of "hearing" the price movement, hoping that there was a kind of harmony in it
- I became sure that price movements are either random or intentionally controlled, so that we believe that we can predict the next move, that we believe that knowing the patterns will give us an advantage on the market - today I know that there is just an industry of primitive tinsels

... I can mention this endlessly, but I will stop at the fact that I am glad that you share your knowledge and experience and I will follow this thread (and recordings) with great care (your descriptions of the mechanics of the price movement are very interesting).

I wish you successes!