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Right, they have to balance their greed, with the necessity of keeping the cow alive. But who knows, in Germany, everybody plays the lottery, although the cow is long dead.[/quote]

One day, a young man from the country buys a horse from an old farmer nearby. A bargain for 250 dollar, because the horse is quite old. The man pays in advance and wants to pick up the horse in a few days. A day later, the farmer rings the young man's doorbell, turns his cap in his hands in embarrassment and says: "I'm sorry, the horse is dead." The young man says: "Then I would like my money back, please." The farmer replies meekly: "I'm sorry, I already bought fertilizer for that." The young man says: "Fine, then bring me the dead horse, after all, it belongs to me!" Ride a dead horse? "But what on earth do you want with it?" asks the farmer. "I'll raffle it off." The farmer is shocked: "You can't sell a carcass, who's going to buy it?" The man smiles and says: "Let that be my concern, I don't have to tell anyone that the horse is dead." A month later, the farmer runs into the young man and asks how it went. The man says: "It went great. I started a raffle and sold a total of 500 tickets for $10 each." The farmer congratulates him and asks in surprise: "Has no one complained?" "Only one," the young man replies. "The guy who won. So I gave him back his $10."

Hello Michael,
I am so glad that I found your channel a year ago. The content is very valuable and makes me understand what is really happening in the markets. Thank you.
I have questions about your last video. It's about the presentation of the limit orders (left in the picture). Could you explain:
1) When is a new line “printed”? What is the trigger?
2) What do the columns show us?
I would like to understand why a resistance pattern is a resistance pattern.
3) Do I hear the bid side on the left channel and the ask side on the right channel?
Thank you for your work and for sharing such information for free.

Which party should Germany vote for?

Hello dear traders from all over the world,

in a few days there will be elections in Germany after the previous Chancellor was voted out by a vote of confidence. Around 30% of all eligible voters are undecided as to which party they should vote for on February 23, 2025. I have created a video to help with this. First of all: I do not want to favor or disadvantage any party in this article, because according to the voters, every party has its merits. The following text is only my personal opinion and does not claim to be complete. Basically, everyone always votes for the party that brings them the most advantages or that corresponds to their ideology, and that is perfectly fine. Although we all know that many promises are usually broken again after the election. This is not because all parties are fraudsters, but primarily because they are completely overwhelmed by the current situation or do not agree. I think it is important that Germany has good trade relations with America, Russia or China. We german should learn from the mistakes of the past and behave decently in the world.



I wish us all much success

Best wishes, Michael

Hello deedeldum, thank you very much, I'm glad that the information helps you.

Here you can find detailed information about limit orders:
https://www.forexfactory.com/thread/...7#post13014307

and here is a video with detailed information about the tones:

Best regards, Michael

Hi Michael,
thank you for your quick response. I am sorry. I made a mistake. I was refering to the right chart (where we can see the "tape"). Thank you anyway. I was looking for more information about filtered limit orders anyway.

Nevertheless do you want to share more information about the DOM/T&S visualization?

1) When is a new line “printed”? What is the trigger? Are we "only" seeing whats happening at best bid/ask (first level)?
2) What do the columns show us?

Best regards, Daniel

Hello Daniel, as I have already written on my German blog, my algorithm analysis consists of several modules, such as MT4, ATAS, Quantower, Visual Sound Analyser, self-programmed 1ms tones, Linux VPS tick chart, RTD, VBA codes and various EAs. This then produces different representations that give me deeper market insights in order to identify the algorithms of the big players. The effort we put in is very extensive, as, among other things, we translate the DoM and the T&S into a graphical and auditory representation. This involves the different patterns that must first be correctly programmed and then precisely calibrated. As we do not accept automatic adjustment of the respective liquidity in the DOM, different programs must be called up depending on the prevailing liquidity. Within the liquidity we have specified, this results in over 5,000 programming steps, each of which must be checked for consistency in extensive test phases. The printing of a new line can also be set in different ways and is variable. Therefore, a description of this extensive programming would be too complex. In the end, it is not the limit order or the algo scanner that brings in my profits, but the knowledge of how the big players are currently behaving in the market. That is why I always look at the market from the perspective of the big players, and that alone changes a lot. I will keep my fingers crossed for you, best wishes, Michael

Trading against algorithms

Hello dear traders,

in my penultimate video we talked about how the algorithms of the big players can help us. Last week I posted my main trading chart, where you can look into the future for a few seconds using sounds and liquidity. Today's video will explain why trading against algorithms the future will be. You will learn very interesting things today that can help you in the future. As soon as the first algo tests have been successfully completed, I will also post a video in live trading, I hope that we can still do that this year.



I hope you have fun with it

Best wishes, Michael

Playing around with Bionic Candles on Tradingview..

fun..

Hello CogAlpha, where can we find the Bionic Candle on Tradingview? Best regards Michael

Trading against algorithms
(translated into English)

Hello dear traders,

in my penultimate video we talked about how the algorithms of the big players can help us. Last week I posted my main trading chart, where you can look into the future for a few seconds using sounds and liquidity. Today's video will explain why trading against algorithms the future will be. You will learn very interesting things today that can help you in the future. As soon as the first algo tests have been successfully completed, I will also post a video in live trading, I hope that we can still do that this year.



I hope you have fun with it

Best wishes, Michael

Not yet available as there are a few things I need to fix...
I also wonder if you are fine with it?
To be fair, I am also not sure if its exactly the same, as I dont have the actual code.
But the fundamental logic should be similar, based on your explanations given.

Great topic, I'll follow along as well.

Hello CogAlpha, first of all, I think it's good that you are so honest. As described in many of my videos, the Bionic Candle is protected and a copy would constitute a copyright infringement. Since I am the developer of the Bionic Candle, I do not allow a copy for Tradingview, as the Bionic Candle should continue to be protected. If the developers of Tradingviev approach me, I will be happy to talk to them about a protected implementation of the Bionic Candle for Tradingview.

The version you have developed is unfortunately not complete and will therefore not work correctly. I have no problem if you build any indicator and use it exclusively for private purposes. We both have a problem if you copy my development to use it in Tradingview or to pass it on, possibly sell it or enrich yourself financially in some way. The Bionic Candle has been protected to ensure that every trader can use it free of charge. If the Bionic Candle really helps you, you can currently only use it in MT4, MT5, ATAS and Quantower. Both ATAS and Quantower have implemented the Bionic Candle in their respective systems, and this would also apply to Tradingview.
Nothing has happened yet and you have not committed any copyright infringement. Therefore, in your own interest, I ask you not to publish or share your programming.

Thank you very much and continued success in trading.
Best wishes, Michael

Thank you for your message and for sharing your concerns about the Bionic Candle indicator. I appreciate your position as the original developer and your desire to protect your work.

I'd like to clarify that what I've created is my own implementation based on publicly available information and explanations you've shared in your videos/Thread. Copyright law generally protects the specific expression (the actual code) rather than the underlying concepts, mathematical formulas, or trading logic that the indicator represents.
While I understand your request, it's important to note that independently implementing trading logic based on publicly explained concepts is typically considered legitimate reverse engineering. The indicator I've developed for TradingView:

1. Uses my own original code
2. Was built based on public information
3. Functions differently in several respects from your MT4 version

That said, I respect your work and understand your concerns about potential distribution.

Thank you very much and continued success in trading.
Best wishes, Chris

Add it to your indicator thread and we can discuss there.

Hello CogAlpha, you don't seem to have studied law, I would ask a lawyer for competition law before it costs a lot of money. I don't want to argue, but I will make sure that pirates like you are stopped. Best wishes, Michael

Call to all members of Forex Factory,

in recent years, pirates and fraudsters have become more and more brazen. They don't make any money from their trading and steal indicators to modify them, sell them or gain fame with them. I already published a post about this on June 4th, 2022 in the thread: "Hall of Shame".

https://www.forexfactory.com/thread/...1#post14021391

At fxeachraked, you could find indicators from Swingman, Cja, Sangmane, FX Sniper and me, among others. The site is now no longer accessible. That's exactly the problem, the fraudsters are always on the run because they can be caught at any time.

Forex Factory is the largest platform for innovating new indicators, there are many creative developers there who create their own indicators and make them available to all traders free of charge. However, they are not prepared to publish this indicator on TradingView because they would have to provide the source code there.
Then there are people like CogAlpha, who look for good ideas on Forex Factory, reprogram these indicators and publish them on TradingView. This gives them a certain level of fame without them having to be creative themselves. They want to use this level of fame to eventually earn a lot of money with contract programming work. What they fail to take into account is that this is a criminal offense according to Section 106 of the German Civil Code.

When is it a copyright infringement?
Any use of copyrighted works on the Internet without the consent of the author or rights holder is a copyright infringement.

How high is the penalty for copyright infringement?
Anyone who reproduces, distributes or publicly reproduces a work or an adaptation or modification of a work without the consent of the right holder in cases other than those permitted by law will be punished with imprisonment of up to three years or a fine. Trying to do so is a criminal offense. In the US and Canada, the penalties are much higher.

Another point that is not taken into account, TradingView also has clear rules.

TradingView House Rules
No plagiarism. You must obtain permission from the original author. Please only create and share content that is yours alone. Do not copy or use other people's content without permission or citing its authors. Make sure you respect the legal rights for reusing content. Just like in school, copying only leads to detention, suspensions and eventually expulsion.

Serious violations TradingView
Some violations are more serious than others and can lead to an immediate permanent ban. These include plagiarism, spamming in the public library, misleading users and advertising outside of the signature field of a premium account.

Let's take a look at how CogAlpha does it:

On 02.03.25 CogAlpha wrote in my blog:
Playing around with Bionic Candles on TradingView.. Fun..

He posted this image

Note: This means he already admits that he uses my Bionic Candle as the basis for his programming, a clear violation of copyright.

I asked him kindly: Hi CogAlpha, where can we find the Bionic Candle on TradingView? Best regards Michael

He replied:Not yet available as there are a few things I need to fix... I also wonder if you are fine with it? To be fair, I am also not sure if its exactly the same, as I dont have the actual code. But the fundamental logic should be similar, based on your explanations given.

Note: We can already see here that he has no idea what benefit the Bionic Candle brings to the individual trader.

I then wrote him the following reply: Hello CogAlpha, first of all, I think it's good that you are so honest. As described in many of my videos, the Bionic Candle is protected and a copy would constitute a copyright infringement. Since I am the developer of the Bionic Candle, I do not allow a copy for Tradingview, as the Bionic Candle should continue to be protected. If the developers of Tradingviev approach me, I will be happy to talk to them about a protected implementation of the Bionic Candle for Tradingview. The version you have developed is unfortunately not complete and will therefore not work correctly. I have no problem if you build any indicator and use it exclusively for private purposes. We both have a problem if you copy my development to use it in Tradingview or to pass it on, possibly sell it or enrich yourself financially in some way. The Bionic Candle has been protected to ensure that every trader can use it free of charge. If the Bionic Candle really helps you, you can currently only use it in MT4, MT5, ATAS and Quantower. Both ATAS and Quantower have implemented the Bionic Candle in their respective systems, and this would also apply to Tradingview. Nothing has happened yet and you have not committed any copyright infringement. Therefore, in your own interest, I ask you not to publish or share your programming. Thank you very much and continued success in trading. Best wishes, Michael

Note: I believe it has become clear that as a developer, I do not give consent for my Bionic Candle to be copied.

Reply from CogAlpha: Thank you for your message and for sharing your concerns about the Bionic Candle indicator. I appreciate your position as the original developer and your desire to protect your work.

Note: He has confirmed that he understands that I do not give consent for my Bionic Candle to be copied.

I'd like to clarify that what I've created is my own implementation based on publicly available information and explanations you've shared in your videos/Thread. Copyright law generally protects the specific expression (the actual code) rather than the underlying concepts, mathematical formulas, or trading logic that the indicator represents. While I understand your request, it's important to note that independently implementing trading logic based on publicly explained concepts is typically considered legitimate reverse engineering. The indicator I've developed for TradingView: Uses my own original code, was built based on public information, functions differently in several respects from your MT4 version.That said, I respect your work and understand your concerns about potential distribution. Thank you very much and continued success in trading. Best wishes, Chris

Note: This is cheeky and brazen, but from a legal point of view it is a mistake. In his first post with a picture, he refers to my Bionic Candle. This means that he admits that the Bionic Candle is the basis for his copyright infringement. In addition, he has already created this copyright infringement on TradingView. According to him, you could buy a Mercedes, take it apart, rebuild it with a few modifications and then sell it as your own creation. Fortunately, this is protected by copyright.



What he doesn't realize is that in addition to my Bionic candle, he also copied an indicator from cja. (https://www.forexfactory.com/cja) It looks like other members of FF are affected. He has also already clashed with two other High Impact members, emmanuel7788 and Erebus.

Here is his account at TradingView, check for yourself whether he copied an indicator from you or someone you know.

https://www.tradingview.com/u/Cognit...lished-scripts

If that is the case, inform the operators of Forex Factory and the operators of TradingView immediately. This should make his membership with FF or TradingView a thing of the past.

If a person is not creative and steals ideas in order to enrich themselves directly or indirectly, then this is often not an isolated case. He will do it again and again and at some point the law will strike with full force. Especially since CogAlpha comes from Germany and they catch such people quicker there than in other countries. Our judiciary uses his email or IP number to find his home address and this data is stored in Germany for at least 10 weeks.

If you notice anything or have further information that convicts CogAlpha of a crime, please write to me and I will show my gratitude. If several people are affected, we can also launch a class action lawsuit, which will make it a little more expensive for him.

Maybe he will learn from his mistakes and retreat, if not the law will do it. Learning through insight requires cognitive abilities (perception, imagination) of the individual. People learn through insight or pain, but when both come together it is often most effective.

The problem is this: If any idiot here on FF can steal indicators and sell them as their own creations, the really creative traders will no longer post ideas. And that's exactly what makes FF so special: the majority of traders benefit from these ideas. But to do that, we have to work together to make sure that the scammers disappear.

I'm keeping my fingers crossed for you all
Best wishes, Michael

Hi Bionics, I am a fan of traders with your level of proficiency.
Question: I believe you are German. Have you seen in the news the "sweet Finanztransaktion Steuer" that the SPD is pushing for?
I mean, just after they finally took out the 20K Verlust Beschränkung, now they are into this one.
Included are Derivates (CFDs), which can potentially destroy day trading. I mean 0,2, or even 0,02, if they apply it to a leveraged Lot that would cost more than any profit could cover.

Here´s a link for that beautiful news.
Koalitionsverhandlungen: Das sind die Steuerpläne der SPD

Hello cuchuflito, first of all, thank you very much for your kind words. I have indeed already heard about the SPD's plans, which is a good reason not to vote for them. Whether the SPD will get these plans through remains to be seen. This is because it also affects many stock savers who have privately secured their pensions.The issue of the trader tax didn't affect me as much, as I had a profit rate of over 75%, resulting in an average tax rate of 31%. Of course, according to the SPD's plans, this amount could be higher, but as a creative trader, there are always legal ways and means to circumvent these ideas. The government, contrary to its election promises, has incurred €1 trillion in new debt and now wants to make the citizens pay for it. We'll see how long the citizens will tolerate this. I believe there could be new elections as early as next year. Besides, as a trader, I am free and independent. If the politicians take it to extremes, there are enough countries that will accept traders like me. And with significantly lower taxes. Incidentally, this also applies to many successful entrepreneurs I know who eventually pack up shop here. That's what happens when you can't get enough. It's a real shame for Germany.

Hi Bio, thanks for the careful answer. My concern was more based on the "Finanztransaktion Steuer". Tax on every transaction, as it used to be on the table years back, 0,2 or 0,02, to go in and again to go out.If on CFD forex, they use the leveraged amount for the tax, which knocks it down completely. (I trade 5 Tick charts, in and out in usually no longer than 10 minutes). And yes, leaving this beautiful country is always an option, but not for me. My old lady is 75, and we are going nowhere. We own a little sweet house. Life is still comfy here, but these communists are so dangerous, cause people still vote for them massively.