Bionic Chart - The easiest forex navigation

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Hello dear traders,

Most retail traders have three problems. When trading, you are only focused on your strategy, receive little market information and do not know a successful trader with whom you can exchange ideas from time to time. In today's post I would like to offer you a possible solution to these 3 problems, that can only be reached via a few detours. In addition, I will show you how to identify fake accounts and where to get the best information.



I wish you a nice Sunday and good luck for next week

Best regards, Michael

New Bionic Candle 6.3
New Bionic Histogram 6.3


Hello dear bionic traders,


As promised last week, you will receive the new Bionic candle with the histogram today. First of all, I would like to thank you all for the many positive letters that have reached me in the last few months. Many of you were able to significantly improve your odds of winning thanks to the Bionic candle, which makes me very happy. By the way, since I developed the Bionic candles, they have been downloaded almost 17,000 times since 2019.


As you know, there are nine different movement sequences in the bionic candle, which can of course be individually represented with colors. This allows the individual movement structures within the candle to be displayed more clearly.


In the last few weeks I also came up with the idea of developing a bullish, bearish and equilibrium Doji, which we then quickly programmed.


An indicator is like a new vehicle. It only proves itself in practice. Unfortunately, we did the calculation without the so-called floating-point numbers, which ensure that not every equilibrium doji is actually displayed. Using the mantissa we were able to solve the problem.



Here you can see the first version of the different Dojis. In the chart we see a total of four equilibrium dojis, which are still shown in the histogram with a red and green bar. That was too inconspicuous for me. In addition, after an Equilibrium Doji, a stronger movement is often triggered.



In the Bionic Histogram 6.1, a total of four Equilibrium Doji were created during this period, although in fact ten Equilibrium Doji should have appeared. We have now solved this problem with the new indicators.


Here we now see that the data is displayed correctly in both the bionic chart and the histogram. However, due to certain calculation operations, individual errors can of course occur again and again. There are also different prices at the brokers, which lead to different representations in the bionic candle. Unfortunately we have to accept that.



The histogram was developed so that you are able to filter out different movements within the bionic candle and display them in the chart at the same time. With the new indicators, this should now be much easier. Since no distinction has been made between bullish and bearish dojis so far, please pay attention to whether there are certain pattern sequences in this area in the future. In my opinion, the Equilibrium Doji deserves special attention, since after the Doji appears, there are often stronger movement rashes. All in all, with the bionic candle and the histogram you have an interesting analysis to filter out and display the individual movement sequences differently. Likewise, the bionic candlestick and the histogram are currently being developed for the ATAS platform in the stock market. This means that the bionic candle will also be available in the future market. I can't say when that will happen because it's not within my sphere of influence.

As always, I'll put the new indicators on the first page of this thread. Since I don't have much time this week, I won't change the published templates for now. The Bionic Candle 6.1 and the Histogram 6.1 are still included there.

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

I hope you enjoy your work and of course I look forward to your feedback. Continued success in trading

Best regards, Michael

Tones and sound in Forex MT4

Hello dear traders,

In today's post you will get two important pieces of information. First, what is more important, fundamental analysis, technical analysis, charting, or reading the algorithms? Secondly, I am going to show you a concrete way of using the MT4 to create sounds and take advantage in the forex market. Of course you will also receive an indicator and the sounds modified by me for download.



I wish you good luck for this week

Best regards, Michael

Your way to becoming a full-time trader


Hello dear bionic traders,

In today's post, we're going to talk about how you can transition from being a part-time trader to a full-time job in four years. We will take a closer look at the requirements required for this and calculate them. I'll show you why you don't need a lot of capital to make ends meet. In addition, I will show you why the win rate has a significant impact on the new trader tax and how you can optimize it. All in all, today's topics are very exciting.



I wish you a relaxing weekend and keep my fingers crossed for next week.

Greetings Michael

Does your example assumes a manual or automated trade execution? Kind regards.

EA vs Trader


Hello Iddd,

due to the high number of trades, the thought is absolutely understandable. I find your question fascinating, so I would like to answer it in detail. First of all, I only work with manual trades, I would like to explain the reason in more detail.

With an EA, emotional trading decisions can be reduced to zero, which are often responsible for making far-reaching mistakes. In addition, an EA has the ability to evaluate several parameters at the same time, which the human brain would not be able to do. EAs use technical indicators to make a decision. Many factors can be included there, which, however, must be specified in advance by the programmer. The EA then carries out these decisions in concrete terms, without resorting to emotions. Another important aspect is that the computer always sticks to the trading system once it has been set up, regardless of whether losses or profits are made. However, a running EA does not help a trader to gain their own trading experience. Likewise, robots are incapable of making intelligent or important decisions. They have no understanding of the market, cannot understand or act on fundamental data. The key point: EA's cannot adapt to unexpected market conditions. In addition, the human brain is capable of acting intelligently and adaptably. It can recognize complex patterns, weigh multiple conflicting factors at once, and adapt to extreme conditions. An EA does not have these capabilities.

Another important aspect: An EA is not able to react to the algorithms of the big players. These big player algorithms cannot be compared to the conventional, price-based EAs, as they are used in a completely different context. Although high-frequency traders work with fully automatic algorithms, arbitrage trading in this area is a completely different topic that cannot be compared to normal trading, as the risks there are significantly lower. However, we do not find any high-frequency traders in the forex market, as the EBS has built-in time blocks of at least 500ms. Unfortunately, the price and the candles are only the effect, the cause lies in the market orders that run into the limit orders. Most EA s only access the price, i.e. the effect and not the cause. The reason lies in the law of causality. Causality means that there is a clear cause-and-effect relationship between variables. Unfortunately, in the forex market there are only effects.

First of all we should ask ourselves why the big players don't work with EAs, because every year they pay many millions for their analysts, traders and computer experts. With a successful EA, the big players could dismiss all experts and save a lot of money. But if you put the risk in relation to the profit, it is cheaper for the big players not to rely on fully automatic EAs. Let's imagine that a trader trades profitably. Now he begins to write down what factors must come together for him to enter the market, how the market must behave in order for him to stay in the trade, and finally what must happen for him to exit the trade. If you write all these things down carefully, you will find that these multiple and varied criteria could never be built into an EA. And why? Because, in retail you have to consider too many things, at the same time. Nevertheless, I could imagine that so-called hybrid EAs could also help us in trading in the long term. But only if they show us possible entry points that enable profitable trading. However, the trader should still decide whether to enter into this trade or not.

I myself would never enter or exit automatically, since a robot lacks an understanding of the market basics and could never make independent decisions on its own. However, this is a crucial point in order to have a chance at all on the stock exchange markets. In addition, I would limit my personal experience in trading.

I wish you a nice weekend and continued success in trading.

Greetings Michael

Thank you Michael.

I was curious how you would execute a trading plan to realize trading for a living. There is a lot of theory where equally uncertainty, that's why I asked.

What i mean by that?

Well, let's say you found out that executing x number of trade entries/exits per day should ideally lead to your expected monetary goals to be then able to make a living out of it. This could possibly quickly get out of hand if for what ever reason you would no longer be able to perform to execute such plan.

This could be due to all sorts of unpredictable reasons such as sudden illness. Ultimately, that would possibly mean that you would make less profit than assumed.

Not sure how best to deal with it. Possibly having sufficient reserves and miss as few trades as possible.

Trading = company


Hello Iddd,

The strategy I described in the video shows one way a trader can reach his break even point faster.




Of course, there is constant uncertainty in the market, as the price can move in any direction at any time. In principle, the course is not random, since the big players always react accordingly to the retail traders and generally take an opposite position. So if you know where and what the big players are currently collecting, you have a corresponding market advantage.

How can you protect yourself from unforeseeable situations in order to continue to achieve your financial goals in trading?

First of all, the secret lies in the lasting experience. A trader who has completed 12,000 trades has more experience than a trader with significantly fewer trades. Since the markets are constantly changing, the trader should react accordingly to these changes. But first he needs to know what has changed. This is also the reason, for example, why I concentrate exclusively on the biggest big players. In addition, you should be modest with your trading capital. Every professional entrepreneur puts money aside in the good times to survive in the bad times. It's the same in trading. The most important aspect, however, is the willingness to invest in the future. The big players are upgrading and investing in better technology, better traders, analysts and more effective algorithms. Before a trader spends a lot of money on luxury goods, he should rather invest in his own business.

Trading is like a company, we must never forget that.

I wish you a successful trading week.

Greetings Michael

Thanks. It's not exactly what I tried to say but yeah. A company can be passive income, having to execute a certain amount of trades every day in a manual way requires active work time. So if for what ever reason you would fail to be able to keep doing that it could be the difference of facing a profitable or non profitable outcome you then may or may not be able to make a living off.

No idea about market makers and what they may do or not do at times. I think I can't do nothing about that anyways.

Markets change all the time, thats true. So you probably need an "edge", trading plan, strategy (you name it) that works in all terms of conditions and not just partially doing good for the optimal case.

I am not so much convinced about using indicators. I am still having a hard time finding a working plan for me that would allow me to just trade one specific forex pair or what ever else market / instrument following some clear rules when or when not to be in front of the screen and when or when not to enter or exit a position by following some clear rules that are somehow systematic, repeatable.

Wish a successful trading week for you too.

Hello Iddd,

I know what you mean and I agree with you. In principle, I also don't use any typical forex indicators to generate an entry or exit from them. You can generate clear rules from the Bionic candle as they show the clear reversal points in the chart. A key candle is identified from a new candle display, which will definitely help you. Here you will find some videos and information.

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

Greetings Michael

Thanks. I'll take a closer look and then get back to you.

Important message to everyone who is visiting our thread for the first time.

Attached Image (click to enlarge)

The bionic candle is a new type of candle display, with which one can identify most reversal points beforehand.

You can find all the information and videos here:

The secret of the bionic candle

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

I see, so it’s more like a versatile tool you can use to find the right time to enter a trade.

Do you have some kind of fixed trading plan (even if based on this magic candle) that could be repeated by a noob like me looking more like for a complete step by step thing covering not just single aspects

Something like

- what to trade
- when to trade (between xx time to xx time of the day)
- the actual entry/exit criteria
- how much to risk and target per trade (in percentage terms as pips are meaningless)
- how many entries exits to expect per day doing that
- what my max. percentage risk per day should look like doing that until I would either stop for a profit or stop at a loss.

Unfortunately this is what most forum threads are missing somehow. Actually the real important stuff…

Creation of your personal setup

Hello Iddd,

I have a clear trading and operational plan that I have developed for myself over the past 12 years. In the video you can see my approach to trading, how I combine the data from the stock market and futures market and how I reconcile chart technology, technical and fundamental analysis, and algorithm trading. We look at the measures I can use to identify the invisible price zones of the big players with a very high probability. All these factors interact to achieve a market advantage.



My main screen mainly consists of the DoM, the time and sales list and various spoofing information. For example, many traders cannot do anything with these many numbers. Because of this, each trader needs to create an individual setup as each person has different skills. In my Youtube videos (approx. 30 hours) you will find a lot of free information that will help you to create your personal setup.

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

Greetings Michael

Thank you again for taking the time to answer me in such detail.

It's good that you have such a plan, many don't have it. I watched the video and some more. I really like your stuff but it sounds too complex for me even if I come from a technical background myself.

I am looking for some VERY simple almost mechanical like trading plan where my entry criteria would be as simple as having defined two horizontal lines between a pre-defined time period of the day.

However, I'm giving up hope slowly that I'll ever find something that works for me to consistently average a few positive pips at the end of the month doing x same simple thing every day over and over again.

Then I read about all these many traders on forums like this making hundreds if not thousands of Pips every month... There should be far more wealthy individuals on this planet if all that would be true.

Das ist sehr nett, vielen Dank

Trading is anything but easy


Hello Iddd,

even if it's a bit difficult for me, but unfortunately I have to take away the illusion that there is a simple system with which you win in the long term. If we were still in 1990, this wish would certainly be easier to fulfill. But with the introduction of algorithms, the entire market situation has changed. From the point of view of the retailer, unfortunately not to the advantage. The best traders in the world now employ an armada of analysts, computer experts and very professional traders to have a realistic chance in this market. And believe me, if there was a simple system, the big players would be the first to use it. A trader who claims the market is easy either has no trading knowledge or is an illusionist. If the market was that simple, why do over 88% of all traders lose their money? Of course there are traders who make good profits, they have usually been in the market for many years and belong to the 5% who can make a living from it. People don't like to talk about losses, so to the outside world it looks like everyone is a winner. However, the facts speak a different language. If you stick with it, are diligent and have completed your 10-12,000 trades, you too will know how the market works. Trading is a profession that takes 7-10 years to learn properly.

If you persevere, you will reach your goal and I keep my fingers crossed for you.

Best regards, Michael

Earn 30% more

Hello dear bionic traders,


Every trader would like to make more money in the same amount of time without taking on more risk. Today I want to show you a way to significantly improve your trading efficiency without changing your setup or approach. In addition, I cordially invite you to take part in our new project.



I wish you a nice day and keep my fingers crossed for next week.

Greetings Michael

Hehe, thank you. Well, I am now involved into trading for well over a decade and still have the feeling I haven't learn anything, having spend an incredible amount of time scrolling up and down the internet. Everything that has been advertised to me as "working" actually turned out to be not working for 1 cent.

The latest trend seems to be that it's all controlled and manipulated by the big market makers and without following them and trade like them it can't be done.

I somehow refuse to buy the story of having to use complicated fancy indicators, algorithms and all that to become/stay a consistent profitable trader but maybe you are right and it needs to be more complicated following that logic that otherwise everyone would just do it and the markets would no longer exist.

Maybe making a living from trading in the way of making long term consistent profits you can then withdraw from your broker's account on a monthly base is introduced by Bill Gates to keep mankind dumb

I more and more start to believe it's all ** and people who claim to be able to make a living from trading either live in a country where the average wage to make a living is at a $10 a month or simply live in fantasy land.

Anyway, have a nice weekend too and good success for the upcoming week.

I'm leaving with a quote.

How do big players make profits


Hello dear bionic traders,


In today's post we look at different approaches of the big players and how they realize their profits with different strategies. This results in striking differences compared to the approach of retail traders, which also explains the high loss rate in the retail sector. In addition, I will show you why it is a big mistake to only focus on the market orders. Today we're going to look at six different strategies that the big players use to make the majority of their profits. Those who identify these strategies at an early stage have a clear market advantage.



I wish you a happy weekend and keep my fingers crossed for next week.

Greetings Michael

Important message to everyone who is visiting our thread for the first time.

Attached Image (click to enlarge)

The bionic candle is a new type of candle display, with which one can identify most reversal points beforehand.

You can find all the information and videos here:

The secret of the bionic candle

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