Ive read most of the thread on this EA,
off course seems awesome if it can do even a quarter what the broker statement says, and I wanted to believe it, but Ive seen too many things not make any money after looking so promising so I researched it best I could.
Im a programmer in 3 platforms, and Ive looked through some of the trade statement of bumblebee to try to piece together what its using as signals.
Problem is Ive found a false set of entry prices that look suspiciously different enough to me that Im unsure this system is legit.
example is ticket: 1419406 for EURUSD buy of 2.1 lots, there is a 2 hour time difference to GMT of the chart Im going to try to attach so the account statement says 2nd Dec 2014 15:44 entry time, and my chart has 13:44 entry. And ive drawn a line and arrows showing where the entry price and exit prices supposedly were at minutes of :44 and :45. There is about a 2.5pip discrepency I can see in a price that is not that volatile to be any explanation, and remember this EURUSD on this trade not XAU or somewhere you expect to see much difference in teh quote prices from a different broker. the chart Im using is from dukascopy set to a custom 3 seconds, verify for yourself if you like, but this dont look good. the blue line is the entry price where the supposed buy was done, which means the ask price of the broker (which is off course above the bid price bars we're looking at) somehow got a buy in minute :44 exactly where the blue horizontal line is drawn, if you dont know what that means I just said above, then you should let others that do know, to comment on my post.
I welcome any informed comments and opinions, maybe ive overlooked something
The truth is more important than for me to be right.
View attachment 17833
Hello Recruit JasonSi,
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Welcome to FPA! We really appreciate your participation; but programmer or not, you have made a most basic forex newbie error.
This is a common occurrence and should be of no concern to you, the other 50,000+ FPA members, or the general public at-large who now have access to your post.
Your confusion affords us an opportunity to again address this basic, but very important issue for all readers (especially for newer FX traders); and an opportunity for you all to avoid some serious pain as experienced by so many others in whose path you tread.
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The test of BumbleBeeFx EA as posted on FPA is established on a broker that uses the standard rollover time, while your chart appears to be offset by 2 hours.
'Rollover Time' is that moment more commonly known in other markets as 'Settlement Time', after which you become obligated to pay (or shall receive) the swap premium calculated up to that moment for the time value of the margined currency position you choose to hold 'overnight' in the Quote Currency, relative to your Base Currency.
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The MT4 platform never reports trades in your local CPU time or GMT time; rather it always reports trades on your 'Broker Server Time' within any MT4 Statement.
Contact your broker to learn your proper GMT offset, or go to your 'Chart Properties' and enable 'Period Separators' then examine an intraday chart timeframe like H1.
You will see the rollover time as a dotted vertical line each 24 bars (hours), except for possibly Sundays and Fridays. That time is your specific 00:00.
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Industry standard is for brokers to roll at 5pm NY time daily, which starts their 24-hour clocks at their 00:00 when the forex market opens for the week each Sunday afternoon.
This time is key because it is dawn Monday on the international dateline, beginning the business week in Asia first and ending the week in the USA last.
This produces a precise 5x24 hour week with a close precisely at 5pm NY time on Friday (22:00 London).
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Some brokers do not observe this standard. choosing to run on London time, Swiss time, GMT, Russian time, etc.
Most non-conformers roll at Midnight in London or GMT, which is sometimes 24:00 or 00:00 at this time of year (due to issues with Daylight Savings Time, etc.).
This ALWAYS results in 6 daily bars per week, with irregular Sundays and Fridays.
Although no impediment to experienced traders, this can result in wild deviations amongst inadequate EAs and confusion amongst inexperienced traders.
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It appears your broker offset is different by 24 - 22 = 2.
This is the reason your chart examination seemed to result in suspicious activity.
You misinterpreted trades done two hours after the times you thought were shown in the statement.
"We have met the enemy, and he is us."
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Due to your limited understanding of the FX market environment at this time, I highly recommended you attend the FPA Military School self-study course and avoid this EA like the plague, until you have a much stronger grasp of the serpent you intend to slay.
https://www.forexpeacearmy.com/fore...y-school-complete-forex-education-pro-banker/
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Below, a markup of your ticket issue made from the real money historical account data my test will be running on shortly.
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