BuySellSeriesEA installs itself within minutes and requires only a minimum of $100 to begin trading. The robot comes with free updates and 24/7 support to solve any questions. Our article will discuss the system’s important features and take into account the live results to answer the question if it is profitable or not.
How BuySellSeriesEA works
The robot will be sent over to your email after purchase. You have to place the ex4 or 5 file within the experts’ directory of the MT software. Refresh the expert tab and enable auto trading. After that, place it on the respective charts to begin trading.
Vendor Transparency
The company does not provide any knowledge on the whereabouts of the developer and his/her trading experience. Clicking the about us tab will lead you to the page where you can fill a form and contact the developer.
Features
BuySellSeriesEA has the following features:
- It comes with live updates and support 24/7
- It provides multiple live trading accounts for analysis of the results
- The system is fully automated and does not require any manual intervention from the trader
- It requires $100 to start trading
Applied strategies
The developer states that the robot uses a trend trading strategy that is based on the candlestick pattern. It also uses the news filtering option. There is no further information on the topic, so we use the live records onMyfxbook and search the history. From there, it is obvious that the EA uses grid strategies as multiple trades are closed simultaneously. It trades on GBPUSD and EURJPY with an average holding duration of 10 hours and 39 minutes. The lot sizes are hidden, so we cannot predict if it uses martingale as well.
Unfortunately, there are no backtesting results available that can verify the performance of the robot. This raises many red flags over the performance of the system.
BuySellSeriesEA trading results
Verified trading records are available on Myfxbook that show performance from June 07, 2021, till the current date for forexwavesignal1. The system made an average monthly gain of 40.82% during the period, with a drawdown of 90.13%. The stated drawdown is high regarding the monthly gain, which means that it loses much more than wins. It also states that the robot nearly had a margin call on the account. The winning rate stood at 79%, with a profit factor of 2.09. The best trade was $8.78, while the worst was -$16.05. There were a total of 535 trades. The developer made $273 in deposits and $2000 in withdrawals.
Pricing & refund
The developer is not clear on the pricing format. On the website, it mentions $200 and $700 for similar features. This is a poor approach to presenting the product. Maybe the price difference is due to the number of licenses available for the live account. There is also no mention of the money-back guarantee.
Other notes
There are no customer reviews that can guide us on the experience of other traders. Traders may have seen the high drawdown which is present in the live records of the EA and are therefore not willing to invest in the robot. Without any feedback, it is impossible to gauge the output through the experience of a retail trader.
