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Can you become a trading millionaire


Hello dear bionic traders,

In times of social networks, there is a lot of envy and feelings arise at the same time, I want to achieve that too. On Instagram YouTube or Tick Toc, many trading coaches show their profits and talk about their rise to the league of the rich and beautiful. The really dramatic thing about it is the fact that it is difficult to understand whether this success is actually based on competence or just on pure coincidence. Success cannot be judged solely by whether someone makes money in the stock market. The decisive factor is whether he manages to teach other traders to make a living from trading in the long term. And that is exactly what will succeed in the rarest of cases, since every person is different. On the one hand, the trading coaches say that it's not easy to become a millionaire, but at the same time they get out of their sports car with a wad of banknotes or show us their latest villa. In fact, most trading coaches made their money from seminars rather than trading. That reminds me of a dramatic story. A young man receives an email, where a millonaire offering a book. This book is intended to describe in detail how to become a millionaire quickly and without much effort. He pays the $100 and a few days later receives the book. He opens the book and only finds blank pages. The last page says: Do what I do and sell this book 10,000 times. Today we will review together how realistic it is to become a millionaire through trading.



In order to become a millionaire, you first have to invest 1 million.

I keep my fingers crossed for you and wish you every success in trading.

Greetings Michael

Hi Michael,

I've been reading your contents now since June 2021 and been trying to replicate them on my own java-based trading platform.
I'm really impress that amount of material you've put together and the attention to detailed explanation.

I've seen a number of chart of the bionic candles sometimes the colors seems to indicate the strengh of the type of candle ( Bullish/Bearish) and sometimes the Pullback vs RealBody




I've put the following diagram to see If my understanding is correct?

Are candles A and B correct?

How would you represent candle C and D in the bionic chart? at this time I'm not sure as sometimes the colors seems to indicate the strength of the type of candle ( Bullish/Bearish) and othertimes the Pullback vs RealBody.

Unfortunately I can't use MT4 so I'm a bit limited...
Thanks,
Regards,
Serge.

Hello Bionics

Are the mt5 versions of the indicator available to download? I want to backtest on mt5 using daily pivot points, vwap, and 60 - 50% bullish bionic candles to determine bearish reversals on the euro USD. Much appreciated

I suggest you read the thread before asking a question that has already been answered on more than one occasion

Hello Serge, first of all thanks for the question. A trader for whom the advantages of the Bionic candle are important will be happy to voluntarily engage in the MT4. If you want to work with IOS, you must also use an Apple computer. If you want to work with the Bionic candle, unfortunately this is currently only possible in the MT4. Since you don't want to work with the MT4, it looks like you want to program the Bionic candle for your software yourself. In principle, you are welcome to try to reprogram each indicator and as long as you do it privately, it is legally okay. It becomes problematic when you make your programming available to others or when the bionic candle is published. The bionic candle is protected because it was developed by me. Violations of this will be legally prosecuted, which can be very expensive under certain circumstances. If the bionic candle is programming for other platforms, they must be approved by me beforehand. Please note these things. Thank you and best regards Michael

Hi Michael, thank you for your feedback.
I would like to develop the idea of the bionic candle on my personal standalone Java platform. This will be for my private use/trading.
Please let me know how we can collaborate on this.

Thanks,
Regards,
Serge!

Manipulation of the banks


Hello dear bionic traders,

The reason why so many traders lose is due to the fact that the current market situation is often misinterpreted. This is less due to the skill of the trader and more due to the fact that the big players are giving us a false truth. In today's video we will take a closer look at how the big players manipulate the markets and mislead us in the process.



I keep my fingers crossed for you and wish you every success in trading.

Greetings Michael

Look deeper into the candle


Hello dear bionic traders,

since many of you do not work with stock market data, I have developed an idea for those of you how to look even deeper into the market with the help of the bionic histogram.


First of all you can see a normal M1 chart in the middle and below that the bionic histogram, which also runs in the M1. Above that is an extra histogram created with an 8 tick chart. While time is responsible for the formation of a new candle in a seconds chart, the tick chart is initially time-independent because a new candle is formed every 8 ticks. Using the tick chart, a trader is able to look deeper into the M1 candle. In the upper right corner we see a total of 32 candles formed within 4 minutes. This splits an M1 candlestick into eight different candlesticks in the histogram, which makes it easier to identify certain movements. In our example, we see a clear dominance in the area of bearish moves.


We have already spoken in great detail about the advantages of the Bionic candle. With the help of the BIonic histogram, we are able to filter out certain movement sequences within the Bionic candle and display them next to each other in the chart.


In this example we have highlighted only the strongest candles in our histogram. In the overview we can see that the strongest candles were clearly in the bullish area (yellow) during the upward movement. In the pullback to the downside, the bearish blue candlesticks had the advantage, and then the yellow candlesticks again.


In the histogram above, we have highlighted the crucial pullbacks within a candle. The red candles show the retracements inside a bullish candlestick, while the green candles show the retracements inside a bearish candlestick. With these retracements you can see very well when a price is stopped more strongly. In the first half, we see that the bullish candles have been curbed more than the bearish ones. At the same time, the strongest candles were in the bullish zone. This speaks for a clear upward movement.

Of course, it is not possible to predict a future price from a past price. But as we know, trading is all about probability and looking at the filtered candles in the histogram may help to derive a higher probability.

I would be happy if some of these ideas could help you

Best 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.

There you will find numerous videos and all indicators with templates.

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

Thank you and we look forward, to a constructive exchange with you.

Greetings Michael

Success is often closer than you think

Hi Serge,

first of all I have no problem if you program and work with something for yourself. I am OCM myself (Oracle Certified Master) and I know the program structures of Java. The biggest advantage of Java is also a disadvantage: performance is reduced because Java code is interpreted by the interpreter (which makes platform independence possible in the first place). Therefore, there are no successful stock market programs written in Java. The fastest retailer stock exchange program runs under C#, compared to assembler or C++ the speed of the calculation operations is sometimes at a disadvantage, but the susceptibility to errors with C# is significantly lower. The cases where C++ is actually faster are in highly optimized programs where experienced programmers have thoroughly optimized the code. Of course, since you can program in Java, I understand that you write your programs there. But from my point of view this is not effective because the stock market is about speed. With an MT4 in combination with a fiber optic line, a fast ping of 4ms and a fast broker who provides you with liquidity at all times, you are often faster in and out of the market than many other traders. As a trader in Europe, you cannot get a minus on your account, this is the highest level of security with a Black Swan. I recommend that you work with a professional stock market program to read the stock market data. I would trade in the forex market because that's where you have the greatest security. Save your valuable time recreating indicators and focus solely on trading to break even. Trade only with real money but with the smallest number of lots (0.01 lot), because it takes longer with a demo account. This also only works in the Forex market. I think it's great with what motivation you, Serge are trading. If you keep at it you can do it too. Another little tip. Find an experienced mentor who will accompany you until you reach break even. It's not easy and it takes time because you have to trust him. You can find some videos about hybrid trading on my English channel.

https://www.youtube.com/channel/UCqB...8qVMsDR0FKpEZA

I didn't mean to lecture you with this, just to give you some serious advice as I know how hard it is as a scalper. I hope this helps you a little further.

I wish you from the bottom of my heart that reach fast you break even.

Best regards, Michael

Hi Michael,

Thank you for your advices, I really appreciate your feedback considering your busy schedule.

You are 100% right about Java vs C++. I'm a polyglot programmer and also proficient in both C++, C# and other development languages. I'm 200% conscious of the slowness of Java but at this stage of my trading Journey that doesn't matter yet to be that fast. My target platform architecture is C# on Azure/AWS. At the moment I'm Java/AWS, because it's cheap and at the same time it enables me to grow gain more insight.

The good news is I'm also an highly experienced IT Architect and I designed the trading platform in a way that it could be ported later to C# or even C++.

The only reason to re-develop some of your indicators is mostly for training purpose and it's fun for me. This is to go through the learning process of understanding the benefit of transforming the information in that way. One thing is too watch a video or read about and idea. It so much more valuable when I do it myself and see the same result, that lesson is priceless.

My goal at this stage is to become a fulltime systematic/automated trader. At this stage of my journey in systematic trading, your level of speed won't help me yet but I'm sure it will later.

By the way, I'm dealing at 0.001 lot level, so I think i'm invisible to many and only visible to my broker. I still have a long way to go to reach 0.01 lots .

I hope that by the time I'm ready financially for your level of dealing that the market wouldn't have changed its nature again. One good news is that moving big money will always need time and planning. So no matter how fast big players will be, moving large amounts of lots should always leave some footprint.

Thanks, Serge and happy Trading!

Comparison Bionic Candle vs Candle Chart


Hello dear bionic traders,

Today we look again at a direct comparison, where we compare a candle chart to the bionic candle.


First, we see a price action of a candle chart in the EURUSD M15. The question where are the strongest candles, we will possibly answer with the blue arrows.


In fact, these weren't the strongest candles at all, as we can see on the Bionic Chart.


The strongest candle is not always automatically a key candle, but let's draw a fictitious resistance zone for the strong candles just for fun. We see that price often reacts to these zones.


Now, where are the strongest pullbacks to be found? This is not easy to answer in the candle chart, since the wicks are thinner than the body of the candle and are therefore harder to identify.


Within the Bionic candlestick, the pullback is immediately visible as it is basically the last move that is highlighted.


On the left we see the candle chart going down sharply. Now, looking at the Bionic chart, we can clearly see that from the middle of the move, the pullbacks get stronger as the price goes down. This can also be clearly seen in the histogram. It looks like a big player is putting more and more pressure on the brakes.


When comparing the two histograms, it becomes clear that you get a lot more information from the Bionic Histogram and that is exactly what increases the probability of winning.



We come to the last and crucial question: How do we find the decisive key candles within a candle chart? Well, from my point of view this is almost impossible since our main focus is only on the candle body. In fact, the main candle body is completely unimportant for us traders..


At points A and B, we see price being rebuffed sharply to the upside. We now see which key candle breaks through these two zones. And it is precisely this key candle C that we draw on the chart. Initially, the price runs out of this zone and after it comes back into this zone, it is strongly repelled down.


In order to get as much different information as possible, I can work with the Bionic Candle in the chart and also use the histogram to help me filter out individual movement sequences. This gives me a much better and faster overview of the current situation in the market. By the way, tomorrow morning at 9:00 a.m. my new video will be released with the title: Losses are more important than gains.

I hope that this information will help you and wish you another successful trading day.

Best regards, Michael

Hi Bionic, first of all thanks for your extensive and priceless work. I dare to expose in my opinion a pattern that I have seen is repeated throughout the day and I would like you to comment on it.
Thanks

Losses are more important than gains


Hello dear traders,

in today's post we will talk about why losses are more important than profits. In the stock, forex and futures market, 85% of all traders lose their money in the long term. If you look at all the videos on YouTube, you often get the feeling that 85% of all traders only win. The saying that only losers lose is a relic of the past that we are going to talk about today. Losses are the most important element in trading and only those who are able to deal with them properly can use them to reach the break even point faster. Today we will take a closer look at which things to pay attention to in detail.



I wish you a nice weekend, next week a very successful trading week and I look forward to seeing you here again soon.

Best regards, Michael

Just saw your last video Michael.
I hardly know any other person that offers so much know-how for free.

Just wanted to mention my story:
25 years ago we bought the first Telekom Stocks with my wife, with our hard-earned savings. Made good money.
We then started to buy "Neue Markt" Funds, the beginning of the internet boom.
Our depot climbed all the way to 110000 DM.
Then came the crash, with whatever was left I started my part-time trading career.
A couple of years later, I stopped.
Do you want to know how much was there left? 13 DM, ( not 13K), exactly 13 DM, which I never even bothered to collect...I think that account must be still open somewhere.
After that, another part-time 20 years, losing consistently, books, software, and yes, Forex.
Just last year made it to BE, and now I am pretty confident to retire by the end of next year and make some extra money. Not millions though.
We are good to go, own our house, small business, no debts, some savings...And yes, trading is fun.
All the best and a
happy snowy weekend!

Persistence is rewarded sooner or later - but usually later.


Hello cuchuflito,

Thank you very much for the kind compliment, I feel very honored. Also thanks for your honest statement. You have traded part-time for 25 years and have now reached your profit threshold, congratulations on that. You are the best example of perseverance and perseverance. Our greatest weakness is always giving up, the surest way to succeed is to try again. Perhaps your dedication and perseverance will show many traders what to expect in the years to come. We not only work in the largest market, but also in the toughest market in the world. I keep my fingers crossed for you and that your wishes come true.

Lass dich nicht unterkriegen!

Greetings Michael

Hello krakof,

First of all, thank you for your kind words and for your ideas. In your drawn zone, we first see a strong bearish candle running down. The candlestick you drew does not overcome the previously drawn candlestick. So this is not a typical key candle for me.


Your zone is at point A. Before that, a very strong blue candle has formed. Due to the different pricing of the brokers, your candle is not blue but still very strong. The following candle at point B represents a key candle from my point of view, and the price also reacts accordingly. After that, the price comes back into the zone and is rejected up again at point C. However, the origin of this zone is at Point D. This is is a very strong candle inside the up move I've drawn. A little tip: Due to the different time units, it is not always easy to determine the zones, so start in H1 and draw in the zones. After that you can go into the M15, M5 and then into the M1. If you want to lower your stop afterwards, you should use a tick chart.

I wish you a great weekend and hope that the information will help you.

Best regards Michael

Announcing new Bionic Candle 6.3 and Histogram 6.3


Hello dear bionic traders,

The Bionic Candle shows the candle strength more precisely than the candle charts and unclear prices are displayed better. The key point with the Bionic candle is that the last move just before the close is highlighted. For a trader, this is the last decisive move. The normal candle chart consists of a candle body with two thin wicks, from which the candle strength is derived. The wicks are often not clearly recognizable and as a result volatile price developments are shown unclearly in the chart.


A candle chart offers four information points OHLC, but the high and low is always the same for both candles. While the close is always higher than the open in a bullish candlestick, the opposite is true for a bearish candlestick. In the past, candlestick formations have often provided traders with important information that has become more and more diluted as algorithms have been introduced. In the candle chart, the wicks are rated neutral, while the body of the candle represents strength. However, this supposed strength is wrong and is therefore often misinterpreted. The Bionic candle shows actual strength up to seven times more accurately than a candle chart. There are only two different processes in the Bionic candle, which saves a considerable amount of time, since 33% fewer movements have to be analyzed. Interestingly, the open is given more attention in trading than the close, even though it's further away in time. For this reason, the bionic candle does without it. The pullback from high to close in the bullish candle and from low to close in the bearish candle is a crucial point in trading. Important information can be extracted from this in order to better recognize future price developments.


There are nine different movement sequences within the bionic candle, which are variable in the color representation. This can be used to highlight up to 81 different movements in the candle to make it easier to identify the big players' invisible price zones. Since there are many possibilities here, the Bionic Histogram was also developed. On the upper left we see the basic setting of the Bionic Chart, with 8 different colors. Yellow shows the strongest bullish candle and blue shows the strongest bearish candle. In a bullish candlestick, the pullback is red, in a bearish candlestick, it is green, and the movement in this case is shown in gray. For the first time in the history of the stock market, the Bionic candle distinguishes between a bullish, bearish and an equilibrium Doji. Basically, the open and close of a doji are always at the same price level. If the distance between close and high is greater than the distance between close and low, it is a bullish doji, otherwise it is a bearish doji. If the distribution is equal, a white Equilibrium Doji is created. A doji initially means uncertainty as the price cannot decide on a direction. Special attention should be paid to the white Equilibrium Dojis, as a stronger movement is often triggered immediately afterwards.


On the upper right side, the Bionic candle is only shown in four different colors and shows bullish and bearish trends. On the lower left side there are only two movement colors per candle. Red represents the bearish and green the bullish movements. On the lower right side, only one color is used for the basic movement. When the close is above the open, the candle is green, when the close is below the open, it is red. Certain movements can of course also be hidden or given special emphasis. It gets interesting when you only highlight the pullbacks, the dojis or the strongest candles. However, this becomes a bit difficult within a chart history, since you only have one chart available. The bionic histogram was developed to represent different information.


Prices basically zigzag up or down. This means that the proportions of the individual candles are often not comparable with one another. In the bionic histogram, all bullish candles above the zero line and all bearish candles below the zero line are next to each other. This allows the sizes of individual strengths to be assessed more quickly and certain movements to be highlighted. In the picture we first see the complete Bionic chart in the candle development. Below are three different histogram displays. In the upper histogram, only the pullbacks of the bearish and bullish candles were initially highlighted. This enables you to specifically compare the pullbacks with each other. Of course, the gray motion candles can also be hidden. In the middle histogram only the dojis were shown. In the histogram below, only the strongest candles are highlighted. A strong bullish candle closes on the high, and a strong bearish candle closes on the low. Initially, the course was in an upward movement, in the first 80% of the chart the yellow candles have a clear advantage. Towards the end of the chart, we can see that the blue candles are getting stronger and the price eventually turned down. From this point on, there was no longer any uncertainty, since no dojis were created. With the help of the bionic histogram, different representations can be filtered out exactly, which give a trader concrete information about the current price development. Of course you can still work with the candle chart, Renko or Heiken Ashi and only use the Bionic Candle in the form of a histogram. This keeps the trader flexible and keeps an overview at all times.


However, there were some problems in the calculated Equilibrium Dojis. Although the high to close was of the same length as the close to low, a bullish or bearish doji was still drawn. This is due to the so-called floating-point numbers. Floating-point numbers bring a few surprises, especially for the mathematical layman, which often influence the results of pocket calculators and computer calculations. Most important are overridden, common mathematical calculation rules. Anyone who works intensively with a calculation aid must be familiar with these properties. They are due to the limited precision with which mantissa and exponent are stored. The consequence of this limitation becomes clear when one considers that the infinitely many real numbers should be represented by finitely many combinations of digits. One can think of the floating point numbers in the domain of a system as a long table of discrete values. A floating-point function then assigns a different value to each value in this list. The same applies to operations with two or more digits. You can find more information under the term Minifloats. We have fixed the problem that floating point numbers, when calculated and not coming directly from the system, do not have the expected mantissa. (The digits of a floating-point number in front of the power are called the mantissa. Example: For the number 2.9979 108, 2.9979 is the mantissa.)

I will post the new indicator for you next week.

I wish you a great weekend

Greetings Michael

Losses are more important than gains


Hello dear bionic traders,

Since I posted a few posts today, I would like to highlight this video again because I think it is important for many traders.

Inserted Video

I wish you a nice weekend, next week a very successful trading week and I look forward to seeing you here again soon.

Best regards, Michael

I like the precision of the key candle, I'm still learning, Thanks Miguel