The Equilibrium, a key to success!

Liquidity in EURUSD / Euro FX 6E



Hello dear traders

Compared to July 2024 compared to December 2024, liquidity in Euro 6E has reduced by a factor of three. In 2024, the DoM had ten levels of up to 4000 lots on the ask and bid side. Currently, there are between 1200-1500 lots. This has to do with many factors, including the election in America, the upcoming election in Germany, and other political influencing factors within the EU and the world. In addition, it is completely normal for liquidity to be withdrawn from the market at the end of the year and gradually reintroduced from mid-January of the new year. In the EURUSD foreign exchange market, liquidity is 100 times greater than in the Euro FX 6E future market, but there it is also currently only around a third of the values that were present in summer 24. Due to the withdrawal of liquidity, volatility has understandably doubled. Generally, high liquidity in an asset shows interest from the big players. Of course, interest in the Euro US dollar is generally very high, but, as already written, political factors are responsible for the fact that there is still great uncertainty about adding further liquidity. I believe that this uncertainty will reduce in the next few months and we will see significantly more liquidity in both the Future 6E and the Forex EURUSD. The situation is currently unsatisfactory for us too. The higher the liquidity in the market, the better we are able to read the algorithms of the big players. Higher liquidity requires the increased use of algorithms. This will inevitably significantly reduce volatility, but future price movements can be predicted more clearly through algorithm analysis. Some traders like to make a lot of money in a short period of time. This is precisely why the S&P or NASDAQ is a popular trading instrument, as the volatility is very high there. Unfortunately, however, most people forget that 90% of traders lose. Of course, 10% of traders will reach their goal faster, but 90% will also lose their money faster. High volatility usually means low liquidity, and low liquidity also shows little interest from the big players. A beginner should therefore generally start in markets with high liquidity and once he has reached his break-even point, markets with higher volatility are easier to trade. This can significantly reduce his losses.

I wish you continued success in trading.

Best wishes, Michael

How the algorithms help us
(translated into English)

Hello dear traders,

In today's video I will show you how the algorithms of the big players help us and what opportunities arise from them. I will show you how we can use the patterns that the algorithms produce to look into the future for a few seconds to generate profitable trades. We will talk about why identifying the algorithms is the future and how the markets change as a result. It is a big challenge, but one that is worth it, especially for a scalper.



I hope you have fun

Best wishes, Michael

Hear the algorithms in EURUSD

Hello dear algorithm traders,

in this 2.5 hour video you can see my 86" main screen on February 14th, 2025 from 5:00 p.m. to 7:30 p.m. We see the EURUSD currency pair in the foreign exchange market and the evaluation of the algorithms in Euro FX 6E. Pay attention to the different patterns that are forming. The sounds on the right and left speaker channels are also interesting. If you look at the chart history for a while, even a layperson can often see which direction the price will take next. Proof that identifying the big player algorithms is the future.



Enjoy listening

Best wishes, Michael

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

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

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

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

Maybe I'm going to regret making this post, but I observe...

First, I'm subscribed to -- but have never dived deep into -- your thread because you're obviously a seasoned, thoughtful trader, and you post some indicators I might be interested in. You put a lot of work into your thread and videos, and I respect that. There may well be real value here, and I hope to explore it further, to find out if there's more of interest to me. I also have no clue if you have a hidden commercial agenda, but I haven't noticed, and am not saying you do.

Regarding scammers who decompile source, or take what was freely posted, then turn around and sell it, yes they are the worst. I applaud your efforts to call them out and try to shut them down, though nearly impossible on this "world wide web".

I started trading around 18 years ago. I can program, but didn't know MT4. So I started learning by reading source code examples, figuring out what each did, and made incremental improvements. I posted many indicators (long ago), and always gave credit to the original author(s) of each. What I've learned over the years is that most free examples of code do close to what they're supposed to do, but have many bugs, are written with huge inefficiencies, and -- after "improving" enough of them, I also learned it would often be better to start over from scratch. BUT, I could not have even started writing MT4 had I not had MT4 source examples to learn from!

CogAlpha is posting his source.
It's for TradingView, which I don't use, but if MetaTrader ever bites the dust, we'll all need an alternative.
AFAIK, he does not appear to be charging for it. If he develops a reputation for coding and then does contract work, great! Good for him and the traders who can't code.
His free code shows by way of example how others can write TradingView indicators.
He gets ideas from... anywhere, just like you, me and all traders.

I will concede one point, that he probably shouldn't call what he's doing, exactly "Bionic Candles" (which are yours), but I would have no objection had he wrote on your blog:
"Playing around with my interpretation of Bionic Candles on TradingView.. Fun.."

He's obviously not trying to hide from you, not scamming anyone. In fact, he's drawing more attention to you. I've never even used Bionic Candles, have no idea what they are or how useful they may be. I might now dive in deeper. (Why not now... is that I'm very busy with coding my own ideas).

It is often said that "imitation is the sincerest form of flattery". I would agree with just that, as said. Feel flattered.

No doubt, some will resonate more with the full quote, attributed to Oscar Wilde:
"Imitation is the sincerest form of flattery that mediocrity can pay to greatness".

Perhaps -- for now -- it's mere mediocrity. But we all start in Kindergarten, then Grade school, College for many, then a few achieve true inspiration putting it all together. But none get there without the steps in between, and by watching and learning from others along the way.

Regarding what CogAlpha (Chris) wrote you:
"Copyright law generally protects the specific expression (the actual code) rather than the underlying concepts, mathematical formulas, or trading logic that the indicator represents."

... Seems to be a reasonable and fair interpretation to me.

Hello pips4life, I think it's very honorable that you are supporting Chris (CogAlpha), who has already helped you, but that doesn't mitigate his criminal offense.

Let's talk about the facts first:

Your words: I also have no clue if you have a hidden commercial agenda, but I haven't noticed, and am not saying you do.

My comment: A possible commercial intent has nothing to do with the current situation at hand. My motto, which is on my YouTube channel, is: A successful trader makes his money from trading, an unsuccessful trader from coaching (or from selling indicators or programming work). I could certainly have made a lot of money by selling my Bionic candle, but that never interested me because I've been trading successfully for 15 years. I would even have been ashamed to charge other traders money for my indicators.


Your words: Regarding scammers who decompile source, or take what was freely posted, then turn around and sell it, yes they are the worst. I applaud your efforts to call them out and try to shut them down, though nearly impossible on this "world wide web".

My comment: Then you should actually understand my situation and save Chris from doing something very stupid. If someone steals something you have worked on for years, would you just accept it?


Your words: CogAlpha publishes its source code.

My comment: Tradingview requires open source code, otherwise you cannot post there. Most published indicators in MT4 are created as ex4 and not as mql4. This means they are protected because the programmer wants to protect himself from scammers. This is common in the software sector. Of course there is public source code, for example for Internet browsers, but not because the developers are so friendly, but rather to save a lot of money on maintenance work.


Your words: It's for TradingView, which I don't use, but if MetaTrader ever bites the dust, we'll all need an alternative.

My comment: But that is no reason to steal indicators from others. Just because Mercedes could go bankrupt, no one would think of stealing the development work to copy this vehicle. Where would that get us?

For information: MT4 has been around since 2010 and in 2012 its successor MT5 came out, which has not yet been able to compete with MT4. MT4 is the largest trading platform in the world and that will not change in the next 10 years. Tradingview is a good idea, primarily for stock buyers. I personally don't know a single successful future trader who works with Tradingview.


Your words: As far as I know, he does not appear to be charging for it. If he develops a reputation for coding and then does contract work, great! Good for him and the traders who can't code. He gets ideas from... anywhere, just like you, me and all traders.

My comment: The future is not in stealing ideas, but in being creative in developing new ones. If you make money by stealing, that is a criminal offense.


Your words: I will concede one point, that he probably shouldn't call what he's doing, exactly "Bionic Candles" (which are yours), but I would have no objection had he wrote on your blog: "Playing around with my interpretation of Bionic Candles on TradingView.. Fun.."

My comment: It's not about the name, German law is clear here: "Anyone who, in cases other than those permitted by law, reproduces, distributes or publicly displays a work or an adaptation or transformation of a work without the consent of the authorized party, shall be punished with imprisonment of up to three years or a fine." If CogAlpha recreates the Bionic Candle, we will see how the German legislature reacts.


Your words: He's obviously not trying to hide from you, not scamming anyone.

My comment: He cannot hide either, because it would have come out sooner or later. But then he would have had a big problem, because he would have committed a criminal offense of copyright infringement. If he communicated openly, why didn't he talk to me before copying my indicator, then he would have been spared a lot of work.


Your words: It is often said that "imitation is the sincerest form of flattery". I would agree with just that, as said. Feel flattered.

My comment: If I rob a bank, I don't think the judge will be any less lenient if I say that I only robbed the bank because I think it is great.


Your words: "Imitation is the sincerest form of flattery that mediocrity can pay to greatness".

My comment: There is unfortunately a big difference between imitation and theft in German jurisprudence.


Your words: Perhaps -- for now -- it's mere mediocrity. But we all start in Kindergarten, then Grade school, College for many, then a few achieve true inspiration putting it all together. But none get there without the steps in between, and by watching and learning from others along the way.

My comment: As a child, I learned not to steal things that do not belong to you. I believe CogAlpha has received these values as well.


Your words: "Copyright law generally protects the specific expression (the actual code) rather than the underlying concepts, mathematical formulas, or trading logic that the indicator represents." ... Seems to be a reasonable and fair interpretation to me.

My comment: Unfortunately, your interpretation within the criminal procedure code is wrong. I have already clearly cited German jurisprudence on this. The problem in today's society is trivialization. A thief is not a thief, but a specialist in spontaneous property transfer. No, this is a criminal offense that is punishable in Germany with up to 3 years in prison. And this is not a trivial offense. I politely asked CogAlpha not to copy my indicator, and he insisted on justifying his theft. Nothing much has happened so far and I have not really started to fight back. CogAlpha is now free to choose what he does. He has already been banned several times from Tradingview, and in the event of a copyright infringement, his account is gone forever.

My quote to close with is: If you play with fire, you will die in it. I don't want to put any obstacles in CogAlpha's way, and I will leave him alone if he abides by the law. We will see if he takes this opportunity.

Call them out, call them out - They have "borrowed" the DTosc/StochRSI which is decades old, whenever I see anything being "rebranded" I make sure I post about the original - they don't like it, but at least its evidence - there will always be people like that, which is why I will never publish how I trade

Your Path to Becoming an Algorithmic Scalper

Hello dear traders,

In my last video, we talked about the clear advantages of being an algorithmic trader. There are many aspects you need to pay attention to in order to be successful in the long term. At first glance, things always seem very complicated, but the more I delve into them, the easier they become. We all know that the first step is often the hardest. And that's exactly why I want to show you today how you need to proceed in order to become an algorithmic scalper in the long term.



PS: You can find my new indicator, Bionic Money Management V2.0, on my German blog.
https://www.forexfactory.com/thread/...6#post15197816

I hope you enjoy it.

Best regards, Michael

Your Path to Becoming an Algorithmic Scalper

Hello dear traders,

In my last video, we talked about the clear advantages of being an algorithmic trader. There are many aspects you need to pay attention to in order to be successful in the long term. At first glance, things always seem very complicated, but the more I delve into them, the easier they become. We all know that the first step is often the hardest. And that's exactly why I want to show you today how you need to proceed in order to become an algorithmic scalper in the long term.



I hope you enjoy it.
PS: You can find my new indicator, Bionic Money Management V2.0, on my German blog.

Best regards, Michael

New FFTs: Are stocks dead?

Hello dear traders,

The newly elected government in Germany supports the financial transaction tax at the European level. We'll look at the individual markets: stocks, futures, and foreign exchange, and examine their forecasts. We'll also discuss how this tax will affect the future of the markets and whether scalping and day trading are still worthwhile in the long term.



I hope you enjoy it.
Best regards, Michael

These MT4 indicators are helpful

Hello dear traders,

In today's post, I'll introduce you to two creative indicators, which we'll also look at live to check their accuracy. These indicators can support you in your trading and provide guidance in the future.



I hope you enjoy them.

PS: You can find the indicators for download on my German blog.
https://www.forexfactory.com/thread/...9#post15262709

Best regards, Michael

These MT4 indicators are helpful
(translated into English)

Hello dear traders,

in today's post, I'll introduce you to two creative indicators, which we'll also look at live to check their accuracy. These indicators can support you in your trading and provide guidance in the future.



I hope you enjoy them.

PS: You can find the indicators for download on my German blog.
https://www.forexfactory.com/thread/...9#post15262709

Best regards, Michael

The Four Seasons on the Stock Market

Hello dear traders,

in today's video, we'll talk about a crucial point that, unfortunately, many traders fail to consider. This leads to massive losses, which means that the break-even point is reached much later. Those of you who take these factors into account will have significant trading advantages in the future.



I hope you enjoy it.

Best regards, Michael

Algo LIVE Trading Chart

Hello dear traders,

In today's post, I'd like to show you my current main trading chart and how it behaves in the EURUSD. First, we'll discuss the individual trading charts and then run this chart for an hour in the EURUSD. Also interesting are my self-developed tones, which play differently on the left and right channels. If you have a basic understanding of the individual charts, you can more easily follow certain processes. I'm convinced that in some cases you'll already know where the price will go next.



I hope you enjoy it.

Best regards, Michael

Trading Market Advantage, just do that...

Hello dear traders,

Today's video is about the exciting topic of market advantage in trading. This is the magic word that will take you dramatically forward in the future. When you hear "market advantage," you might immediately think of insider trading, which offers a decisive advantage, especially in the stock market. But today it's not about insider trading or other prohibited practices, but about creative strategies that will make you successful in the future. I'll also show you concrete examples that you can implement in the coming months.



I hope you enjoy it.

Best regards, Michael

ALGO Live Chart Coming Soon

Hello dear traders,

over the next 8 weeks, you'll have the opportunity to test my newly developed trading screen live on YouTube to get creative ideas about what will really help and advance you. We'll discuss the exact process in more detail in this video.



I hope you enjoy it.

Best regards, Michael

Tuning for your Trading

Hello dear traders,

Today's video is going to be very exciting because in a few weeks you'll have the opportunity to identify live algorithms for yourself. The interesting thing is that in many cases you can predict price changes in advance and react to them. In today's video, we'll talk about the individual modules that I'll be making available to you in the livestream on YouTube, how they work, and what to look out for. I'm convinced you won't want to miss this exciting project, especially considering that you can often glimpse into the future for a few seconds.



I hope you enjoy it.

Best regards, Michael