Pump and Dump is an expert advisor that can be found on the MQL5 marketplace, we have added a link below so you know exactly which expert advisor we are looking at. Pump and Dump was first uploaded on the 2nd of October 2018 by Sergei Lanin. It has had a number of different updates, the most recent update was on the 24th of March 2020 and this brought the expert advisor up to version 2.0.
Overview
Pump and Dump is an expert advisor that can be used with the MetaTrader 4 trading platform. It was designed to be a fully automated expert advisor which aims to buy cheap and sell expensive.
The main features of the expert advisor are its built-in risk management which can stop trading in time and save your capital. Monitoring the stoppage of trades, so when the EA suspects that trading at a certain time will exceed the risk management settings it will stop. It has a way to multiply the profit of orders and gives instant notifications of risk through push notifications.
There are a number of settings and parameters that can be changed, some of them include the multiplication of profit, the first lot size, step distance, schedule, news filers, and many more.
Service Cost
At the time of writing, there was a discount where the indicator could be purchased outright for $75 rather than the usual $130, buying it outright gives you unlimited access and no limitations. You are also able to rent it on a monthly basis which will cost you $45 per month. There is a free demo version available, it will have some limitations but unfortunately, they are not stated on the site so we do not know what they are, it is still worth downloading to test though.
Conclusion
There are currently 51 reviews from the users, they have given the expert advisor an overall rating of 5 out of 5.
“Great EA with non-trending fx pairs. Patience is required with trending pairs as the EA buys in at multiple levels waiting for a reversal back into profitability. As for support, you won’t find better support anywhere. Sergey provides OUTSTANDING support providing detailed explanation of the EA as well as suggested pairs and settings to best trade. He is always available to answer your questions and to help with all aspects of trading the EA. You can count on Sergey to provide you with all the help and support you’ll need to trade this EA successfully. I look forward to purchasing additional EA’s from Sergey.“ – A 5-star review.
“This is a very stable and profitable robot, the author is very enthusiastic to help answer questions, I strongly recommend this robot.” – A 5-star review.
“Mr.Sergei totally helped me to solve my problem on my VPS. I always ask him my questions and he answered properly. This EA is nice and his support is wonderful too. I really appreciate his support.” – A 5-star review.
So the reviews are very positive, they mention the great support and this is backed up by the comment section, plenty of comments and the developer has been replying and helping all of them in a prompt manner, so it seems that the customer support is top-notch. Even with so many positives, we would suggest downloading and trying the free version, also contacting the developer with any questions to make sure it will suit your needs before making a purchase or rental.