Bloody BankersFX Core Volume: The truth revealed

Proof that the BankersFX Core Volume indicator for MetaTrader4 does not receive any institutional data.

This project simulates a BankersFX license server. It shows that the claim that the indicator is linked to an institutional data feed is not true. In fact, BankersFX charge money for an oscillator that uses only the client's price data.

Demonstration

The project is hosted on a demo server. The indicator is included and can be downloaded here. It consists of an MQL4 indicator and an MQL4 library. To use the indicator with the demo server add the line

138.201.82.87 www.bankersfx.com

to your system's DNS configuration file C:\Windows\System32\drivers\etc\hosts.

Use BANKERSSCAM (11 capital letters) for input parameter unique user id (a.k.a the license code). This code works for all MT4 accounts (demo and real).

Documentation

https://www.forexfactory.com/showthread.php?p=11845781

Requirements

• PHP 7.4 or higher
• a web server, e.g. Apache

Setup

• Clone the project or download and extract the ZIP archive.

  git clone https://github.com/rosasurfer/bfx-core-volume.git

• Use Composer to install the dependencies:

  cd bfx-core-volume
  php composer.phar install

• Configure a web server for the project. For Apache adjust one of the predefined templates in etc/httpd/apache*.conf. SSL is not needed.

• Edit your system's DNS configuration and point the domains in the template to your local machine. To do this open the file C:\Windows\System32\drivers\etc\hosts in a plain-text editor (e.g. Notepad). You need admin rights to edit the file (see Edit The Hosts File in Windows 7/8/10). Add the following line:

  127.0.0.1   local.bankersfx.com  www.bankersfx.com
  

• Restart the web server and test the setup. If everything works, both URLs http://local.bankersfx.com/ and http://www.bankersfx.com/ will display the following message:

  Test case proving that the BankersFX Core Volume indicator does not use institutional data.
  

Usage

Use the BankersFX indicator as usual (see downloads in etc/mql4/). Copy the indicator to {mt4-data-directory}/mql4/indicators/ and the library to {mt4-data-directory}/mql4/libraries/.

Use BANKERSSCAM (11 capital letters) for input parameter unique user id (a.k.a the license code). This code works for all MT4 accounts (demo and real).

ps: Imho the acronym "BankersFX TFV" stands for "Trade with Fake Volume".