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Bionic Chart - The easiest forex navigation

  • #701
  • Aug 19, 2022 8:06am Aug 19, 2022 8:06am
Quoting Outcast918
Dear Subscribers, and Michael, First off I'd like to point out that written English is very well understood and executed very well. I have read through the material and honestly, bionics gives such a good view of price action in terms of filled orders, I am still figuring out a way to use it systematically. Finding the key candle has been a little challenging even after watching the videos multiple times. At the moment I am studying the price action by comparing Japanese candle sticks and bionic candles. Also, I was wondering if there is...

Hello Outcase,

first of all, I'm glad that the Bionic Candle is helping you. I developed the Bionic Candle in order to work out the concrete advantages of the Bionic Candle in this thread together with the market participants. Your question shows me that you expect a lot from the Bionic candle and I am happy about that. Tradingview uses the Pine script, which is a relatively simple programming language. We are still at the beginning of the project and although I have already invested over 5,000 hours in the Bionic Candle, we do not yet know all the benefits. Also, the fewer people know about the project, the better for all of us. Since I was asked again and again whether the Bionic Candle will also be available for Tradingview or the MT5, I wrote an article about it.

https://www.forexfactory.com/thread/...5#post13767865

Another point, I have been working very successfully with the Bionic Candle for 3 years, although the Bionic Candle is not decisive for my entry into trading, only the stock market data. The Bionic Candle shows me where something might happen and the stock market data shows when it will happen.

Good luck in trading.

Best regards, Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #702
  • Aug 20, 2022 2:06am Aug 20, 2022 2:06am
Scalpers versus day traders

Hello dear traders,

In today's post, we compare a seconds and minutes scalper to a short and medium term day trader. All four have $3000 in their accounts, trade a maximum of one lot and use a leverage of 200. The effective win rate for all four traders is 69.9%, but of course they work with different stops and are also trading for different lengths of time. And that's exactly why the timing at which each of these traders trade has been adjusted. The day traders even have a trading advantage of over 50 hours. The overall result surprised even me and I am convinced that you would not have expected it either. Click here for the video

Inserted Video


In mid-July 2022 I presented the first version of Bionics Moneymanagement V1.0 and provided you with an Excel file. You can find the information here:

https://www.forexfactory.com/thread/...8#post14068618

Table B has now been revised in Bionics Moneymanagement V1.2 and is available for download on my German blog.

https://www.forexfactory.com/thread/...7#post14107317


I would be very happy if the information was helpful to you and I wish you continued success.

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #703
  • Aug 27, 2022 2:24am Aug 27, 2022 2:24am
Stock market trading opinions and facts

Hello dear traders,

In today's article we talk about opinions and facts that are often misinterpreted, especially in stock market trading. This always leads to misunderstandings because everyone sees things differently. First important for me are the traders who follow this channel to optimize their trading win rates. Unfortunately, in the course of time, people also join in who badmouth an idea or are simply against everything. But I don't run a business here and I would like to show all those who consider my information valuable how we can distinguish between opinions and facts even better in the future.

Inserted Video



I wish you a great weekend

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #704
  • Aug 29, 2022 1:45pm Aug 29, 2022 1:45pm
Quoting Bionics
{quote} Hello Outcase, first of all, I'm glad that the Bionic Candle is helping you. I developed the Bionic Candle in order to work out the concrete advantages of the Bionic Candle in this thread together with the market participants. Your question shows me that you expect a lot from the Bionic candle and I am happy about that. Tradingview uses the Pine script, which is a relatively simple programming language. We are still at the beginning of the project and although I have already invested over 5,000 hours in the Bionic Candle, we do not yet know...
hello Michael, you always talk about stock market data, so I am wondering where can we get that stock market data and learn about it, and be able to see from your own perspective in terms of when to get that precise entry. I hope it's too much to ask for.
  • #705
  • Aug 29, 2022 2:56pm Aug 29, 2022 2:56pm
Hey Michael, I need your eye on this one. I have been trying bionic candles on Renko charts for a week now. The reason I tried Renko charts is to easily spot the rejections (turning points) with the help of the bionic pullback indicator on the market. However, I have experienced delays in candle price movements and color changes, especially at turning points, in which I used color to spot strong candles to make my entries within marked zones. See attached. Can you help me so I get accurate price movement and color changes when it happens? Look at the pictures attached and see the difference i am talking about.. thanks in advance.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2022-08-29 (5).png Size: 15 KB
Click to Enlarge Name: 2022-08-29 (6).png Size: 15 KB
  • #706
  • Aug 30, 2022 2:28am Aug 30, 2022 2:28am
Quoting rhinohorn
{quote} hello Michael, you always talk about stock market data, so I am wondering where can we get that stock market data and learn about it, and be able to see from your own perspective in terms of when to get that precise entry. I hope it's too much to ask for.
Hello rhinohorn, this is data from the futures market. Stocks, futures and options are traded on the stock market. In the English translation, it looks as if I'm talking about shares data, but I meaning the data from the futures market. You will find many examples in my English and German videos. Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #707
  • Aug 30, 2022 2:30am Aug 30, 2022 2:30am
Prizes are always random

Quoting rhinohorn
Hey Michael, I need your eye on this one. I have been trying bionic candles on Renko charts for a week now. The reason I tried Renko charts is to easily spot the rejections (turning points) with the help of the bionic pullback indicator on the market. However, I have experienced delays in candle price movements and color changes, especially at turning points, in which I used color to spot strong candles to make my entries within marked zones. See attached. Can you help me so I get accurate price movement and color changes when it happens? Look at...

Hello rhinohorn,

first of all I think it's good that you're trying to get closer to the market with the help of your creativity. Renko was never an option for me because the prices are distorted because they are smoothed. In addition, the Renko calculates the open from the close of the last candle chart. A challenge are gaps that occur between the candles and further distort the price display. Of course, there are also many gaps between the candles, which, however, cannot be identified in most candle charts. Basically, the prices in the market are random as they are created by the market orders running into the limit orders. The DoM is both time and volume independent. From this data, an indicator now forms a candle chart, which is pressed into a fixed time scheme. The candlestick chart represents the price within a fixed time frame, whereas Renko charts only visualize the price, regardless of the time factor. They only reflect a change in price if it has gone through a certain minimum number of movements. A better alternative for me is the tick chart, because at the moment when many ticks are created, more candles are formed, which enable a better resolution of the price displays. In principle, however, all candles are only created randomly, regardless of whether they are calculated based on price, tick or volume. I only use my bionic candle to identify key zones, but would never take a trade just because the price goes back into that key zone. My keyzone is just one possible option. The moment the price comes into this key zone, the identification of the algorithms is the crucial point to enter into a trade or not. The big players are always looking for the retailers' stops to pick them up with their hidden iceberg orders. But that depends on when and where the retailers enter the market. In this respect, the big players always react to the current market behavior of the retailers in order to fill their limit orders. While you can influence retailer behavior through specific actions, it doesn't always work. Indicators, candlesticks, prices, an equilibrium, news, currency strength, footprints, the DoM or the time and sales list are basically random and there are no clear patterns within these actions. We traders believe we can see patterns in this, but the loss rate of 90% clearly speaks against it. In addition, many traders trade what they see. Unfortunately, you cannot derive a forecast for the future from a random price development and that is exactly what makes trading so difficult. The only possible alternative for me: filtering out certain orders from the DoM and the times and sales list, combining them with each other and translating them into sound sequences, which then use a spectral analysis to show clear patterns in the algorithms. Algorithms basically have the same pattern structures, since programming is always processed line by line. And so it should be logical that there can only be clear patterns within the algorithms. So when a price runs into my previously defined key zone, the algorithms can be a reliable tool to make a correct decision. However, this is just my personal opinion, which I have acted on for years.

But don't let my opinion influence you, use your creativity to move forward, because that's the right way.

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #708
  • Aug 30, 2022 9:33am Aug 30, 2022 9:33am
My trading strategies

Hello dear traders,

In today's post I will show you my approach to trading, how I combine the data from the stock
exchange and futures market and how I can reconcile chart technology, technical and fundamental
analysis, and algorithms trading. We look at what measures I can use to identify the invisible price
zones of the big players with a very high probability beforehand. All these factors intertwine to
achieve an unbeatable market advantage. This makes it possible to place trades in regions where
only very few are trading at this point.

Inserted Video


I wish you a great week

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #709
  • Aug 31, 2022 6:56am Aug 31, 2022 6:56am
Quoting Bionics
Prizes are always random {quote} Hello rhinohorn, first of all I think it's good that you're trying to get closer to the market with the help of your creativity. Renko was never an option for me because the prices are distorted because they are smoothed. In addition, the Renko calculates the open from the close of the last candle chart. A challenge are gaps that occur between the candles and further distort the price display. Of course, there are also many gaps between the candles, which, however, cannot be identified in most candle charts. Basically,...
Hi, Michael thank you for this great knowledge. Well since I have no knowledge of algorithms, I only find key zones and enter my trades, and most of the time the trades run into wins. I can confidently say that the bionic candle has increased my win rate. Besides that, my losses mostly occur when the key candle is a large candle which then makes my stop loss big. I guess then I should start using the tick charts as you mentioned. Above all, I would really like to learn about market algorithms, and I take it that, in the future, you will introduce the Algorithms topic in more detail in your forum. Thanks again.
  • #710
  • Aug 31, 2022 10:08am Aug 31, 2022 10:08am
Quoting rhinohorn
{quote} Hi, Michael thank you for this great knowledge. Well since I have no knowledge of algorithms, I only find key zones and enter my trades, and most of the time the trades run into wins. I can confidently say that the bionic candle has increased my win rate. Besides that, my losses mostly occur when the key candle is a large candle which then makes my stop loss big. I guess then I should start using the tick charts as you mentioned. Above all, I would really like to learn about market algorithms, and I take it that, in the future, you will...
Hello rhinohorn, first of all I am pleased that the Bionic candle is helping you in the trade and that you were able to improve your winnings as a result. In fact, the tick chart helps shrink the crucial key candle, thereby increasing the RRR. We will be talking in great detail about the algorithms over the next few years. I wish you a successful trading week. Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #711
  • Sep 3, 2022 2:14am Sep 3, 2022 2:14am
Algorithms, the power in trading

Hello dear traders,

In today's post we talk about the algorithms of the big players. We look at what algorithms are needed for, how to read them and what advantages they bring for us retailers. The imbalance between big players and retailers is dramatic. Just looking at their technology should make it clear to everyone what advantage they enjoy in retail. In addition, they are set up and brought into line like an army. The retailers, on the other hand, compete as individuals. But even the best individual is never as good as a group. It gets particularly exciting when you look at the screens of the big players. Here the question arises: Where are the indicators of the volume or footprint chart.

Inserted Video


I wish you a great weekend

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #712
  • Sep 7, 2022 7:19am Sep 7, 2022 7:19am
True Lies

Hello dear traders,

In today's video “True Lies” you will see how the big players deceive our eyes and we fall for it every day. Trading is purely a business of probabilities, so let's look at how we can use those probabilities to our advantage. We will highlight some aspects that can help you in your daily trading. In addition, I cordially invite you to take part in our new project.

Inserted Video



I wish you a great week

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #713
  • Sep 10, 2022 2:54am Sep 10, 2022 2:54am
The business of greed

Hello dear traders,

In today's post, we'll take a closer look at the business model of the stock exchanges and will first analyze why most people fail at it. Nevertheless, there are clear solutions that we can use to protect ourselves from future surprises. I will show you these today.

Inserted Video


I wish you a successful trading week

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #714
  • Sep 14, 2022 8:31am Sep 14, 2022 8:31am
Reach the breakeven faster

Hello dear traders,

Making profits in trading is not difficult, but it is very difficult to keep it. In today's post, we're going to talk exactly what actions you can take to achieve the greatest success in the long run. Since we retailers cannot modify the markets, we have to adapt to the current situation. At first glance this seems very difficult, but it is easier than you think.

Inserted Video


I wish you a great week

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #715
  • Sep 14, 2022 8:52am Sep 14, 2022 8:52am
Greetings, Dear Michael! Could you add the same values to the bid ask indicator as in the screenshot.
Attached Image (click to enlarge)
Click to Enlarge Name: bidask.jpg Size: 111 KB
Attached File(s)
File Type: ex4 Bionic Bid & Ask Total 2 Level.ex4   10 KB | 369 downloads
File Type: ex4 Ema_Bid_Ask_Pips_.ex4   33 KB | 340 downloads
  • #716
  • Sep 14, 2022 10:51am Sep 14, 2022 10:51am
Quoting wens
Greetings, Dear Michael! Could you add the same values to the bid ask indicator as in the screenshot. {image} {file} {file}
Hello Wens,
I'd like to help you, but it's against programmer ethics. The indicator you sent is protected because it has been published as an ex4 file. The developer wants to prevent the indicator from being changed. In any case, it is unclear to me how bid and ask are calculated, since there is a bid and ask in the forex market, but this information is not available to us retailers. In this respect, the indicator can only add or subtract the tick data. And these have nothing to do with bid and ask. So it is probably a cumulative tick calculator that calculates the down and up ticks in the area of the MA. My indicator can also only work with the price data in the tick area, but I already pointed that out.

Attached Image (click to enlarge)
Click to Enlarge Name: Bild2.png Size: 125 KB


But I have a solution with a compromise. You can adjust the ask and bid numbers a bit in the settings. For this you have to change the values on the X and Y axis. It's not right next to the indicator, but at least close.

I wish you a successful trading week. Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #717
  • Sep 17, 2022 2:51am Sep 17, 2022 2:51am
Die hard

Hello dear traders,

More than 5 million traders worldwide try their luck in trading every day. What most people don't even know is that with their approach, they have no realistic chance of ever breaking even. So most of them die a slow loss death and lose a lot of money in the process. In today's post, I'm going to show you what's the best way to break even.

Inserted Video


I wish you a great week

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #718
  • Sep 18, 2022 5:21am Sep 18, 2022 5:21am
Finally Bionic candle for the MT5

Hello dear traders,

At the end of 2018 I made the Bionic candle available to all traders free of charge and so far this quick price indicator has been downloaded over 20,000 times. Next week I will make the Bionic candle available for the MT5, but only in a basic version.

I wish you a great weekend.

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #719
  • Sep 19, 2022 3:59am Sep 19, 2022 3:59am
Bionic candle for the MT5

Attached Image (click to enlarge)
Click to Enlarge Name: Bild1.png Size: 41 KB


Hello dear traders,

MT4 is still the most used platform in the world for retailers because it has the highest number of indicators and EAs. Of the 5 million retail traders worldwide, 3 million use MT4 and 500,000 traders use MT5. The cTrader, on the other hand, is only used by around 300,000 traders. All other platforms do not have a significant share in the professional retail sector. This means that the MT4 and MT5 have a share of over 70%. The MT4 started in 2005 and although the MT5 was presented as a successor in 2009, it has not yet been able to assert itself against the MT4. This will continue to be the case because there is no easy way to convert an MT4 indicator to the MT5 architecture. That's because the MT5 is a completely different programming architecture. Basically, the MT5 is faster in execution time than its predecessor, but with a fast ping time, this advantage is only marginal. Many good auxiliary indicators are programmed as ex4 files and are therefore write-protected. These cannot be transferred to the MT5 as they would have to be reprogrammed to do so. However, in many cases the mql4 file is no longer available because the developers are no longer active or cannot be found. Never change a winning team. The retailers are not willing to do without their most important indicators and so the MT5 will probably continue to lead an unsuccessful existence. The MT5 is interesting for a trader who is just starting out or can do without his MT4 indicators. 85% of all retailers work under Windows, I myself work very successfully with MT4 tick charts running in a very fast VPS Linux server.

In 2018, I therefore initially made my developed bionic candle available for the MT4. From today it is also available for the MT5. In theory, 70% of all retailers worldwide could work with the bionic candle. Of course, the MT5 variant of the Bionic candle will also be free of charge, but it is also only available as an ex5 file because I don't want it to be changed. I have a request for this: If one day you notice that a trading coach is using my bionic candle in his seminars, please let me know.

You can download the MT5 Bionic candle for free on my German blog, but it is only available to Forex Factory members who are also properly registered there. You can find out how to register properly here in these videos.

Inserted Video


Inserted Video


Before you work with the Bionic candle, please take a look at my specially produced videos and the information about them!

Text and videos in English here: https://www.forexfactory.com/thread/...ex-navigation?

Text and videos in German here: https://www.forexfactory.com/thread/...x-algorithmen?

Here you can download the Bionic candle for the MT5:
https://www.forexfactory.com/thread/...0#post14142670

I wish you every success

Best regards, Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #720
  • Sep 19, 2022 2:29pm Sep 19, 2022 2:29pm
Quoting Bionics
Bionic candle for the MT5 {image} Hello dear traders, MT4 is still the most used platform in the world for retailers because it has the highest number of indicators and EAs. Of the 5 million retail traders worldwide, 3 million use MT4 and 500,000 traders use MT5. The cTrader, on the other hand, is only used by around 300,000 traders. All other platforms do not have a significant share in the professional retail sector. This means that the MT4 and MT5 have a share of over 70%. The MT4 started in 2005 and although the MT5 was presented as a successor...
First of all I want to thank for all those sharings you've made. It is really interesting, all the information in this threads. But as a newbie I dont understand the concept of all of this, I mean the bionic candle, volume, foot print,...etc... Just one question, can I just practice with the bionic candle first? thanks.

P.S: sorry for y bad english
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