Hello,
the BBFX performance on USGFX is astonishing - congratulations!
But this broker has a very explicit clause in their terms of business (
文件已移動) which might be used to prevent a client to withdraw the profits:
"9.2 Incorrect pricing
Internet, connectivity delays, and price feed errors sometimes create a situation where the prices
displayed on USG’s trading screen do not accurately reflect market rates. The concept of arbitrage,
or taking advantage of these internet delays, cannot exist in a market where the Client is buying or
selling directly from the market maker. USG does not permit the practice of arbitrage on our online
facilities. The client acknowledges and agrees to this and USG can rely on the Client’s acceptance
of this. If USG determines that a Contract individually or together reasonably appears to rely on
price latency arbitrage opportunities, USG may revoke those Contracts without further liability to
the Client. To give effect to this, USG may make necessary or prudent corrections or adjustments
on the account involved. Any dispute arising from such apparent arbitraging will be resolved by
USG in its sole and absolute discretion."
So far I have not seen any results of BBFX on an account at ECN/STP brokers like Pepperstone, IC Markets or FXCM. All of these brokers allow scalping and you can open and close trades within seconds. You would be able to withdraw any scalping profits from them without a problem.
Therefore I think it is worth to try to adjust BBFX to run such brokers. As far as I could see from the demo account, BBFX enters into a trade when there is a strong momentum. This is therefore not an arbitrage but simply very fast response to emerging momentum in the price. As such momentum tends to persist some times for minutes, this approach should also work with ECN/STP brokers even if the profits would be smaller due to the lack of arbitrage opportunity. But during very high volatile times like NFP reports it should definitely work.
Did somebody experiment with running BBFX on an ECN/STP broker?
I would only consider purchasing this EA if there is clear evidence (monitored account) showing that it can make profits on ECN/STP brokers.
This is absolutely important because ECN/STP brokers profit from the spread and volume and can pay you any profits you make with them without being hurt by you. In contrast, a market maker broker would have to pay you from his own pocket - therefore you will never be able to withdraw a big profit from them or keep doing business with them more than a day or two - this is the reality in which we operate. If I purchase the EA I would like to use it with confidence that I can withdraw the profits and that I can use it in the long term with a broker.
@Alex and all BBFX users: please share your experiences and thoughts about this subject. Many thanks!
