Bionic Forex Algorithms | Page 4 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Bionic Chart - The easiest forex navigation 1,101 replies

codification of the market / Genetic Algorithms 36 replies

Trendline EA which rates trendlines by formulas/algorithms 2 replies

Designing of algorithms and creation of complex indicators and advisers for MT4 0 replies

Attachments: Bionic Forex Algorithms
Exit Attachments

Bionic Forex Algorithms

  • #61
  • Sep 10, 2022 2:55am Sep 10, 2022 2:55am
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!
  • #62
  • Sep 14, 2022 8:33am Sep 14, 2022 8:33am
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!
  • #63
  • Sep 17, 2022 2:53am Sep 17, 2022 2:53am
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!
  • #64
  • 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!
  • #65
  • Sep 19, 2022 4:03am Sep 19, 2022 4:03am
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!
  • #66
  • Sep 21, 2022 9:49am Sep 21, 2022 9:49am
Your way to become a profitable trader

Hello dear traders,

Today's post is about the path to becoming a profitable trader, but that is anything but easy, as you will quickly see. In the last months I have published 56 videos on the subject of profitability. In principle, successful trading consists of many individual pieces of the puzzle that a trader has to put together individually based on his or her skills. There are so many things to consider at the same time, that we could spend many months, dealing with them in detail. The fact alone that over 90% of all traders lose in the long term shows how demanding this profession is. It is not enough to hope for a fair chance with a laptop and a moving average. But with the necessary background knowledge and a strategic probability, the breakeven point is within reach.

Inserted Video


I wish you a great week

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #67
  • Sep 22, 2022 8:46pm Sep 22, 2022 8:46pm
Quoting Bionics
Bionic Forex Algorithms A picture says more than 1000 words, but a video consists of many 1000 pictures. (Dieser Thread ist auch auf Deutsch verfügbar): https://www.forexfactory.com/thread/...ex-algorithmen Hello dear retail traders, first of all, welcome to my channel. My name is Michael, I have been trading for over 12 years and I am one of the 2% of professional Forex traders who are allowed to trade within ESMA regulations in Europe with a leverage of up to 1:500. Over the past 8 years I have strategically transitioned...
Wish you all the best mate, congratulations on your journey!
Financing our future
  • #68
  • Sep 24, 2022 8:35am Sep 24, 2022 8:35am
Mindset or setup

Hello dear traders,

Many trading coaches always talk about mindset and how important it is in trading. Can you compensate for a lack of expertise and a trading setup with a good mindset or is it all just marketing to make a lot of money? Is it actually possible to beat the big players on the stock market with just your thoughts and attitude and thereby become financially independent? In today's post we will analyze what priority the mindset actually has in relation to trading expertise and trading setup. You'll be amazed at what comes of it.

Inserted Video


I wish you a great week

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #69
  • Sep 28, 2022 11:07am Sep 28, 2022 11:07am
Strategic money management

Hello dear traders,

As we all know, success in trading can be influenced with the help of probabilities. In order to use the efficiency of the probabilities optimally, a trader needs the corresponding numbers. As a Formula 1 driver, it is no longer enough just to know his lap times, the telemetry data that shows the driver exactly where he made mistakes is crucial. The money management data for the trader are comparable to the telemetry data in Formula 1. Interestingly, money management is still receiving far too little attention in trading, which may explain the still high loss rates in the retail sector. Imagine you're a pilot and start your plane in Frankfurt to fly to New York. You only rely on the flight view, do not use a compass or a navigation system.

Inserted Video


I wish you a great week

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #70
  • Oct 1, 2022 2:04am Oct 1, 2022 2:04am
Avoid the trap


Hello dear traders,

Due to the massive imbalance between big players and retailers, our risk in the market is disproportionately high. The big players have a clear and strategic approach designed to keep trapping us retailers. And indeed, we keep falling for their strategies. Today we will talk about how we can significantly reduce this risk and at the same time optimize our money management.

Inserted Video


I wish you a successful week

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #71
  • Oct 5, 2022 10:42am Oct 5, 2022 10:42am
Emotions Psychology in trading

Hello dear traders,

Today's post is about the most important point why so many traders lose. The reason for this lies in our emotions, which are not sufficiently trained and educated when it comes to trading. These emotions are not only responsible for our losses, but also for our gains. The biggest problem is that most traders are unaware of these emotions. How can you change something if you don't even know that you have to change something. In today's video we will deal with the measures you can take to get these emotions under control in the long term.

Inserted Video


I wish you a successful week

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #72
  • Oct 6, 2022 4:59am Oct 6, 2022 4:59am
Trading Coach revealed

Hello dear traders,

In the last few months, new trading coaches have been springing up and offering their pointless trading seminars with unfair methods. If you watch the videos, you see successful traders driving their sports cars home to their happy advertising families in the evenings. Word should have gotten around that this type of advertising is anything but realistic. Some incompetent trading coaches are being exposed right now, so it's a good time to warn you again.

Inserted Video


I wish you a successful week

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #73
  • Oct 8, 2022 2:28am Oct 8, 2022 2:28am
Tick chart save 90%

Hello dear traders,

a tick chart can help us increase profits while reducing losses. This can improve the CRV by a factor of three in the same trade and at the same time significantly reduce the risk per trade. In today's post we will look at which tick chart is suitable for this and which server we work best with.

Inserted Video


I wish you a successful week

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #74
  • Oct 12, 2022 5:19am Oct 12, 2022 5:19am
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 breakeven faster. Today we will take a closer look at which things to pay attention to in detail.

Inserted Video


I wish you a successful week

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #75
  • Oct 15, 2022 2:45am Oct 15, 2022 2:45am
Power failure in trade

Hello dear traders,

Imagine you are about to enter a trade and you now want to set your stop. Suddenly you find that your mouse is unresponsive. The trade starts going heavily negative against you. You think maybe it's the mouse's power supply and start frantically looking for batteries. Thank God you can still find new batteries and swap them out quickly. Meanwhile, the trade is still going strong against you and would have hit your stop long ago. The new batteries are installed and you try to close the trade, but the mouse still does not respond. When we are in trade, there are some situations that make us lose control of our trade. This loss of control is anything but good and at this moment the stress factor increases to unimagined heights. There are some factors that can trigger such a situation, which we will talk about today. We need some kind of contingency plan for that.

Inserted Video


I wish you a successful week

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #76
  • Oct 19, 2022 6:22am Oct 19, 2022 6:22am
Full time trader

Hello dear traders,

In today's post I will show you how you can switch to your main job as a part-time trader within four years. We will take a closer look at the requirements required for this and calculate them. I'll also 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.

Inserted Video


I wish you a successful week

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #77
  • Oct 19, 2022 8:02am Oct 19, 2022 8:02am
Quoting Bionics
Full time trader Hello dear traders, In today's post I will show you how you can switch to your main job as a part-time trader within four years. We will take a closer look at the requirements required for this and calculate them. I'll also 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. https://youtu.be/KsZzZXbcUuQ I wish you a successful week Greetings...
Not be able to do it in 10+ years so far, will watch the video this evening.

Personally, I don't believe most traders will worry too much about the tax situation Michael... I think most would be happy finding something generating a regular profitable result (i am on of them).

Rest is money management, scaling up position size, so X Points/Pips you then constantly manage to achieve whatever monetary value is needed for a life based on that. Isn't it?

I think you need a LOT of capital if you plan to trade full time in a realistic way. As long as you don't live in a developing country where you might only need a few bucks a month to survive. But here in good old Germany... This month alone I've already spent 3.000 Euros and haven't even bought anything to eat yet.

Say i would be able to consistently make +1% a month i would already need a 300.000 EUR account to realize that. That's not living a particularly glamorous lifestyle, it's just the basics.

For sure if you are one of the super traders flexing their Yachts on YouTube making 1000% percents every month and even compounding things look different.

Hope you are well. Cheers.
  • #78
  • Oct 20, 2022 2:26am Oct 20, 2022 2:26am
Life is not a request concert

Quoting lddd
{quote} Not be able to do it in 10+ years so far, will watch the video this evening. Personally, I don't believe most traders will worry too much about the tax situation Michael... I think most would be happy finding something generating a regular profitable result (i am on of them). Rest is money management, scaling up position size, so X Points/Pips you then constantly manage to achieve whatever monetary value is needed for a life based on that. Isn't it? I think you need a LOT of capital if you plan to trade full time in a realistic way....

Hello Iddd,

I agree with you that 90% of all traders try to break even. For this I have published many ideas and tips over the last few years to help these traders. I can't agree with the statement that you need a lot of capital for this. The background is that the brokers provide leverage that makes a €300,000 account unnecessary. Every trader can work with a leverage of 100-200 without taking the risk of going into the red with his trading account. In order to trade with one lot (€100,000), only a margin of €1,000 to €500 is required. You can also find a post on the subject here.

Inserted Video



How much capital does a trader need?

Attached Image (click to enlarge)
Click to Enlarge Name: Folie1.PNG Size: 75 KB


A trader has €4,000 in the account, trades 1 lot, with a win rate of 60%, spread 0.7 pip in EURUSD, stop 3 pip and TP 6 pip. With this range he can complete 10 trades from 4-8 p.m. His risk is under 1% and the margin call would trigger at 50 pips. With these odds, the expected profit would be €31.80, the expected loss €14.80 and the expected profit €17 per trade. After 250 trading days, the profit is €79,500 and the loss is €37,000. This means that the trader tax is already an issue that needs to be considered. At the end of the year, the net profit is €26,810 and the monthly return is 2.2%, even though the trader only has €4,000 in his account. By the way, you can find the Excel spreadsheet on my German blog.

Attached Image (click to enlarge)
Click to Enlarge Name: Folie2.PNG Size: 182 KB


Even if the win rate is only 55%, the trader has a trader tax issue. Of course, a trader cannot live on €2,000 net yet, but he should first trade for 5-6 years in order to train his experience. If he posts regular income, he can consider becoming a full-time trader. Luckily, I'm not one of those traders who flex their profits, rather my posts focus on encouraging traders and showing them how they can make a living from trading for the long term. It's not about Ferrari and Rolex, but about being able to pay for everyday things like electricity and gas costs.

I keep my fingers crossed for you and hope you achieve your goals.

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #79
  • Oct 20, 2022 7:10am Oct 20, 2022 7:10am
Quoting Bionics
Life is not a request concert
Stimmt. Das Leben ist kein Wunschkonzert. Man sollte sich schon holen was man möchte. Wünsche allein reichen da nicht aus.

Quoting Bionics
I can't agree with the statement that you need a lot of capital for this. The background is that the brokers provide leverage that makes a €300,000 account unnecessary. Every trader can work with a leverage of 100-200 without taking the risk of going into the red with his trading account. In order to trade with one lot (€100,000), only a margin of €1,000 to €500 is required.
Yes. Leverage is a double edged sword. I probably don't have to explain that to you. I would also say that you shouldn't put all your capital in one brokerage account, my example was of an extreme nature. Still i would say you should plan a little more than leverage might give to you. It's not a matter of course that you actually achieve a defined risk and goal in an environment full of uncertainties

Quoting Bionics
You can also find a post on the subject here. https://www.youtube.com/watch?v=dLWzt8Wyt9I
Thank you very much I will take a look at it again.

Quoting Bionics
A trader has €4,000 in the account, trades 1 lot, with a win rate of 60%, spread 0.7 pip in EURUSD, stop 3 pip and TP 6 pip. With this range he can complete 10 trades from 4-8 p.m. His risk is under 1% and the margin call would trigger at 50 pips.
The risk is not guaranteed in my experience. You might place a hard stop loss at -3 Pips per order but get stopped out with a fill of a far different price at times. Since I've been mostly concentrating on trading GBP/USD lately, I can tell you that there have been instances where the price unexpectedly jumps hundreds of pips in a matter of seconds. So you should be prepared to reach the margin call faster than you think.

Quoting Bionics
I keep my fingers crossed for you and hope you achieve your goals. Greetings Michael
Again, thank you Michael. I am actually about to give up to ever find something working for me that is even profitable on a consistently base, forget about having certain minimum goals you want to achieve. Most i see is either highly complicated (too complicated for my needs) or is probably too simple to be effective.

  • #80
  • Oct 21, 2022 5:41am Oct 21, 2022 5:41am
Very Interesting concept at reading the candles from another perspective rather the traditional way
0 traders viewing now