BuySellSeriesEA is an FX trading tool that promises high monthly profits with accurate precision. This expert advisor claims to be 100% automated. It identifies entries and exit points for trades without the need for human intervention.
The About Us section of the website does not divulge much info on the developer team. There is just a mention of the team comprising programmers and traders with a collective experience of 15 years. However, the MQL5 site reveals more info on the developer.
Chukwudi Joshua Obiekwe based in Nigeria is the developer of this EA. He has three years of experience and has developed 2 products and 5 signals. PipCopyTrade is another trading tool created by this developer. An online contact form is the only support option present for this EA which we find is inadequate and raises our doubts regarding the trustworthiness of the product.
BuySellSeriesEA strategies and tests
From the minimal info the vendor provides on the official site, the features of this MT4 tool include high performance, full automation, and an easy installation process. Concerning the trading approach, the vendor claims that this EA uses a strong trend analyzing approach that uses a candlestick pattern along with a News Filter feature for identifying trade entries and exits accurately.
The vendor claims that this FX robot trades daily and can make any percentage of profit by controlling the risk level. On the recommendations, the minimum balance you need is $100. The vendor does not provide any further info like the suitable leverage, the currency pairs this EA works on, and more. The absence of explanation of the approach in addition to the minimal info present on the features and recommendations makes us suspect this is not a reliable MT4 tool.
BuySellSeriesEA track record review
A few real and demo live trading accounts verified by the myfxbook site are present on the official site. Here is a real USD account of this EA using a mixed trading approach with the leverage of 1:500 on the MT4 platform.
From the above images, we can see the total profit made by the EA is 182.08% and the absolute profit value is 111.19%. The difference between the two values and the withdrawal of $200 look suspicious and denotes an ineffective and risky approach. Other details of importance include the daily and monthly profits of 1.32% and 48.00% respectively. A drawdown of 90.13% is present in the account which confirms our suspicion that this EA uses a high-risk strategy. Furthermore, the hidden information on the lots used for the trading also validates our doubts. For the live account that started in June 2021, a total of 630 trades have been completed with a profitability of 80% and a profit factor of 2.18.
To buy this FX EA you need to pay $700. The package includes the software license, demo accounts, free updates, and 24/7 support. A rental option is also present at $200 with the same features. No money-back assurance is provided which makes us suspect the product is not as reliable as the vendor claims. Furthermore, compared to other competitor FX robots in the market, the price is exorbitant.
Is BuySellSeriesEA robot a scam?
From our evaluation of the features, performance, price, support, and other factors, we find this service is a scam. The performance is not as profitable as the vendor claims with a high drawdown, hidden data, and other discrepancies. We also found that the price of the system is exorbitant.
We could not find reviews from users of this FX robot on reputed sites like Forexpeacearmy, Trustpilot, etc. The absence of feedback denotes that the MT4 tool is not well-known among the trading community. We also feel that the expensive price and lack of a proven track record have put off interested customers.