BumbleBeeFX 1.3 Discussion

Will be interesting to follow this one. I see you have altered trade duration to meet the 3 minute requirement from USGFX. Looking good so far. Good luck with this. cheers

Hi I have just been looking at the summary of figures for the account, and they don't make sense to me... If the deposit was $1,000 and profit is $1,877.56 how can balance be 9350.67??? and also why would highest value read $5,297.60. Is this a myfxbook error? cheers

Balance: $9350.67
Equity:(100.00%) $9350.67
Highest: (Jan 14) $5297.60
Profit: $1877.56
Interest: $0.00
Deposits: $1000.00

Extremely insane results for today!!!! Up to 97K!!!

This account 154728 is just a 'trial account' under USG live server. Therefore, the funds in the account cannot be withdrawn under all circumstances.

Best regards,

USG Team

okay thanks Jarora, I notice the many of the trades aren't over the 3 minute requirement so even if it was a real account profits wouldn't be able to be withdrawn according to their terms and condition...

Jarora posted:
This account 154728 is just a "trial account" under USG live server. Therefore, the funds in the account cannot be withdrawn under all circumstances.

Best regards,

USG Team

Jarora: I realize that this is a test account, but why do you have certain pairs running at the 3 min minimum requirement and others at less than 60 seconds?? Why do you have a 3 minute restriction rule anyways, because you say that you are not a market maker, but with that rule in place this leads me to believe that USG FX is a market maker indeed.

If you think about it, it should not matter how long each trade is, given the fact that someone (liquidity provider) always takes the other side of each trade as its a zero sum game, unless of course you are a market maker.

USGFX is definitely a Market Maker, this is why they have the restriction in their PDS that all trades must be over 180 seconds (i.e. 3 mins), anything less than that they consider fraud. So if you have an account with lots of trades under this amount you will never get withdrawal of profits. Their PDS also states 'We MAY choose to limit our exposure to our clients by entering into opposite transactions with hedging counterparties as principal in the wholesale market. However, there is also a risk that a hedging counterparty that we deal with may become insolvent. Where this occurs, we may not have recourse to underlying assets and will become an unsecured creditor of the hedging counterparty' Whenever a PDS uses words like MAY you know they are a B book Market Maker, they aren't promising to pass on 100% of trades like Global Prime would.

Therefore I also suspect that even if this EA is modified to only close trades after 3 mins, it's unlikely the broker will let you trade there for long, as you win they lose, so eventually you will get a notification you are no longer welcome. However happy to be proved wrong in the long term if users of the system want to weigh in and talk about their medium - long term results.

Hello BumbleBeeFX ,

if I could ask you verifyTrading Privileges Verification and Track Record Verified ? I would like to purchase this system.

Thanks. Have nice day.

Regards
Peter

hi I buy MFM4 about 4 days ago, but why ooks like it not wirk at my laptop, I set up according the tuation, who can help me?
thanks alot

Ok. This looks like scam broker!

mikemeng posted:
hi I buy MFM4 about 4 days ago, but why ooks like it not wirk at my laptop, I set up according the tuation, who can help me?
thanks alot

You need a VPS... it trades mainly at night.
You need to put on the charts of indicated pairs, and set to download settings.

Wow, great to see that you successfully made a withrawal of 50k. :)

Sorry for see your message just today,many thanks

does it need to be an ECN account? some of a trades are only 13 Sec

is anyone actually using this ea?

To Navy
No it is not 50k usd withdrawal but only 500usd because this is a Cent account
Nobody can withdraw big profit from this broker

I watch this EA ,I don't like that it only works with this broker .

Agree...

which broker does it work with?