Expert Advisor Review

Seagull EA MT5

Inconclusive MT5 AUDCAD — Trend & Divergence From $797 Verified 14 Sep 2026

Which Seagull EA is this? This review covers Seagull EA MT5 sold by TheDailyFX at thedailyfx.uk. An unrelated Expert Advisor of the same name is sold by LinoCapital and trades a grid strategy on AUD/NZD. Nothing in this review applies to that product.

The Bottom Line

Seagull EA is marked Inconclusive, and the reason is an unusual one. It is not that we found the software wanting. It is that the evidence offered for it does not establish what it claims to.

The seller links three live Myfxbook accounts from the sales page, and we examined all three. The longest — 657 closed trades since January 2025 — spends a quarter of its volume on NZDCAD and AUDNZD, two pairs the product is not advertised to trade and which its own eighteen-year backtest never covered. A second account listed as evidence traded six pairs, of which AUDCAD produced 5.4% of the profit; its own Myfxbook description advertises a different product from the same seller. That leaves one account trading what the product says it trades: 109 closed trades over roughly six months, run at the seller's aggressive risk setting, with a maximum drawdown of 21.55%.

One hundred and nine trades clears our hundred-trade minimum by nine. It is not a long record.

The marketing describes something else entirely. The sales page headlines "100% Return in 11 Trades", and the seller's flagship account displays a gain of 2,282.11%. That figure is real — it is what Myfxbook calculates — but the same account reports an absolute gain of 9.42%, because $23,100 has been deposited and $15,433 withdrawn against a balance now standing at $9,793.74. Measured against money actually put in, that account has made $2,172.74. So far in 2026 it is up 6.19% across 189 trades, and it sits below the peak balance it reached last October.

None of that means the software does not work. We found no grid or martingale in the trade data, the seller states a hard stop loss on every order, and the 109-trade account returned 211.95% on $10,000 in six months with nothing withdrawn. The seller also publishes their weaker figures beside their stronger ones and hides no account we could find — which is more than several products we have reviewed can say.

What we cannot do is tell a buyer which of those outcomes to expect, because the published record does not separate this product from whatever else was running alongside it. Twelve months of clean, single-pair history on a settled configuration, and any genuinely independent evidence, would change this verdict. Judging an Expert Advisor on the right measures starts with knowing which account the numbers came from.

Methodology

ⓘ

Evaluation Methodology

This review was conducted under our Track 1 verification framework, which prioritises live-verified evidence over independently re-run backtests. Track 1 applies where an Expert Advisor has a genuine, independently tracked live trading history, and Seagull EA does — three Myfxbook accounts, all real money, all publicly visible.

Our methodology requires checking the developer's full published account list rather than the accounts they feature, because selective publishing is a documented risk in this market. We did that here, and found nothing hidden: the seller's Myfxbook profile carries only the two Seagull accounts already linked from the sales page, plus one unrelated Expert Advisor. No concealed losing account exists, and we say so plainly.

We also examine what each account actually traded rather than accepting the summary figures, and that is where this review turned. A per-pair breakdown of every closed trade on all three accounts is set out below. We then checked independent platforms — ForexPeaceArmy, Trustpilot and the MQL5 community — and found no coverage of this product anywhere. For a complete breakdown of our metrics and scoring system, read How We Test Expert Advisors.

Note: live data in this review is a dated snapshot taken from public, independently hosted Myfxbook accounts on 14 September 2026 — not self-reported developer figures, and not a live feed. Every figure carries the account it came from. Where a platform does not publish a measure we normally require, we say so rather than leaving it out silently.

Live Performance Data

The sales page links three live Myfxbook accounts. All three are real money, all run on Headway at 1:500 leverage, all were recorded by us on 14 September 2026, and all three carry Myfxbook track-record verification. That is a stronger evidence base than most products we review put forward.

Verification is worth understanding precisely, because it answers one question and not another. It confirms the trading data is genuine and came from the broker. It does not confirm which software produced the trades. Seagull EA is advertised as an AUDCAD system in three separate places on the sales page, and its eighteen-year backtest covers AUDCAD alone — so the question that decides this review is not whether the data is real, but what each account actually traded.

Every closed trade, by pair, across all three accounts

Account	AUDCAD	Other pairs	Total trades	AUDCAD share
Seagull EA MT5 (seller, "Conservative")	488	NZDCAD 114 AUDNZD 55	657	74.3%
2000 USD Per Month (seller, "Aggressive")	108	AUDNZD 1	109	99.1%
2000 USD Every month (third party)	11	EURUSD 13, USDCAD 11 USDJPY 7, AUDUSD 6, CADJPY 1	49	22.4%

All three accounts are verified. Only one of them trades what this product is advertised to trade. On the seller's longest record, 169 of 657 closed trades — a quarter of the account — sit on NZDCAD and AUDNZD, neither of which appears anywhere on the sales page or in the backtest. On the third account, AUDCAD produced $796.80 of $14,719.25 in profit, or 5.4%; nearly three quarters came from USDJPY and EURUSD, which this EA does not trade at all. Verified data is not the same thing as verified attribution.

The record that counts

"2000 USD Per Month with Seagull EA" — seller's account, Aggressive profile

Recorded: 14 September 2026 — a dated snapshot, not real-time. Tracking began 11 March 2026, roughly 27 weeks. This is the only one of the three accounts that trades Seagull EA's advertised pair, and the only one we treat as evidence for the product.

109

Total Trades

82.6%

Win Rate (90 of 109)

4.57

Profit Factor

21.55%

Max Drawdown

+211.95%

Absolute Gain

0.39

Sharpe Ratio

Myfxbook verificationTrack record verified

Growth / absolute gain+223.75% / +211.95% — the two figures agree because nothing has been withdrawn

Expected payoff per trade9.1 pips / $205.66

Average win / average loss15.83 pips ($318.80) / −23.05 pips (−$330.23) — the average loss is larger than the average win

Best / worst trade+$2,336.50 (18 Mar) / −$1,327.16 (4 Aug)

Longs / shorts won32 of 37 (86%) / 58 of 72 (80%)

Account funding$10,000.00 deposited; $0.00 withdrawn; balance $32,993.77; profit $22,417.27

Trades per weekApproximately 4

Average holding time1 day

Total lots / commissions300.50 lots; $0.00 commission; −$491.38 interest (swap)

Broker and leverageHeadway, 1:500

View this account →

Verified — but a mixed record

"Seagull EA MT5" — seller's account, Conservative profile

Recorded: 14 September 2026. Tracking began 14 January 2025, roughly 87 weeks. This is the longest record offered and the one the marketing draws its headline figure from. Its track record is verified — but a quarter of its trades are on pairs the product does not claim to trade, so it cannot be read as a record of Seagull EA alone.

Myfxbook verificationTrack record verified

Growth / absolute gain+2,282.11% / +9.42%

Why those differ so widely$23,100.00 deposited and $15,433.00 withdrawn against a balance of $9,793.74. Total profit is $2,172.74. We do not publish the growth percentage as a performance figure — where cash flows are large relative to the balance, it measures the funding pattern rather than the strategy

Trades / win rate657 closed; 505 won (76.9%)

Profit factor / drawdown2.29 / 14.25%

Average win / average loss15.76 pips ($7.61) / −26.09 pips (−$11.03) — again, the average loss is larger

Best / worst trade+$381.01 (10 Mar) / −$113.12 (10 Mar)

2026 to date+6.19% across 189 trades. The balance remains below its 27 October peak of $9,867.19

Expected payoff / Sharpe6.1 pips / $3.31; Sharpe 0.13

View this account →

Verified — but a different product

"2000 USD Every month" — third-party account

Recorded: 14 September 2026. Tracking began 29 July 2026, roughly 7 weeks. The sales page presents this account as evidence for Seagull EA. Its own Myfxbook description advertises AccuTrade System — a separate product sold by the same seller — and links to that product's page.

Myfxbook verificationTrack record verified — genuine data, but not data from this product

Trades49 closed — below our 100-trade minimum in any case

Pairs tradedSix: EURUSD, USDCAD, AUDCAD, USDJPY, AUDUSD, CADJPY

AUDCAD contribution$796.80 of $14,719.25 total profit — 5.4%

Largest contributorsUSDJPY $6,357.14 (43.2%) and EURUSD $4,360.08 (29.6%) — pairs Seagull EA does not trade

Headline figures+147.18% gain, 16.37% drawdown, profit factor 36.24, 49 trades

Our positionWe record it because the seller offers it, and we do not count it toward this product's evidence

View this account →

Data recorded directly from Myfxbook's independently-monitored servers on 14 September 2026. Three measures we normally publish are not available here: Myfxbook reports a single drawdown figure rather than separating drawdown by balance and by equity, and publishes neither recovery factor nor maximum consecutive wins and losses. Slippage is not published on any of these accounts, and the product is not listed on the MQL5 Market, so there is no marketplace rating or purchase count to report. We state these gaps rather than omit them. Both of the seller's accounts show an average loss larger than the average win, which means profitability on each depends on the win rate holding. Past performance, including verified live performance, is not a guarantee of future results.

Price and Licence Terms

Lifetime licence$797 — includes free lifetime updates and 3 live-account licences; 10% off if paid in USDT

Free licence routeFree to clients opening an account through the seller's referral links: Pepperstone or Tickmill ($500 deposit), VT Markets ($2,000). The seller requires contact before registration and states other registration routes are not accepted

Existing broker clients50% discount offered

Minimum / recommended depositMinimum start $500; recommended standard $1,000; lowest stated leverage 1:30

Risk settings"Auto Lot Balance" parameter, default 1000, described as scalable to 100–200 for aggressive settings. Directional control modes (Buy Only / Sell Only) also available

Money-back guaranteeNone stated anywhere on the seller's site

PlatformMetaTrader 5 only. No MT4 version is offered

Prices recorded14 September 2026, from the seller's own site

Key Evaluation Criteria

✅ Evidence authenticity: passes, and comfortably. All three accounts carry Myfxbook track-record verification, meaning the platform confirms the data came from the broker rather than from the seller. We also checked the seller's full Myfxbook profile and found no concealed losing account — it carries only the two Seagull accounts already linked, plus one unrelated Expert Advisor. The claim that this product is backed by verified live trading history is accurate.
✅ Strategy disclosure: passes. No grid, martingale or hedging is claimed, a hard stop loss is stated on every order, and nothing in the trade data contradicts either. The two risk profiles are openly labelled and the lot-sizing parameter behind them is documented.
❌ Attribution of the track record: fails. Verification establishes that the data is real; it does not establish which software produced it. A quarter of the longest account's trades are on NZDCAD and AUDNZD, and a third account offered as evidence is 95% other pairs and advertises a different product. The record does not isolate this EA.
❌ Accuracy of safety claims: fails. The sales page states that "Your capital is shielded from black swan events at all times." No automated system can deliver that. A gap straight through a stop loss is precisely a black swan event, and it is the one circumstance in which an EA's risk controls cannot protect an account.
⚠️ Length of clean record: the one account trading as advertised has 109 closed trades over roughly 27 weeks. That clears our 100-trade minimum by nine trades and is not a long record.
⚠️ Payoff structure: on both seller accounts the average loss exceeds the average win — $318.80 against $330.23, and $7.61 against $11.03. Profitability rests on maintaining a high win rate, which is a specific risk the marketing does not mention.
⚠️ Independent corroboration: none found. No coverage on ForexPeaceArmy or Trustpilot, no MQL5 Market listing, and every one of the 81 Myfxbook reviews of this product is labelled "Not Verified" — which is a separate matter entirely from the account verification above.
⚠️ Description versus record: the seller calls it a "high-frequency execution engine" running M1 and M15. The accounts average roughly 4 to 8 trades a week with a one-day average holding time. That is not high-frequency trading, and it matters for anyone assessing prop firm eligibility.

Suitability & Risks

What's Genuinely Positive

To be fair to the product

Our objection is to what the evidence can establish, not to whether it is real. Several things here are better than much of what we review.

✅All three accounts carry Myfxbook track-record verification. The data is confirmed genuine, not self-reported.
✅Nothing is hidden. The seller's full Myfxbook profile contains no concealed losing account.
✅The account showing a 9.42% absolute gain is published openly alongside the stronger one.
✅The two risk profiles are labelled, and the lot-sizing parameter that separates them is documented.
✅On the clean account, 211.95% on $10,000 in six months with nothing withdrawn is a real six-month result.

Key Risks

What to watch out for

Every item below is sourced to the seller's own accounts or their own sales page.

⚠️The only clean record is 109 trades old, run at the aggressive setting, with a 21.55% drawdown.
⚠️At the seller's own recommended $1,000 deposit and default settings, their comparable account is up 6.19% in 2026 — not $2,000 a month.
⚠️Average loss exceeds average win on both seller accounts. One sustained run of losses changes the picture materially.
⚠️Observed drawdown of 14.25% to 21.55% exceeds the 8–10% limit typical of prop firm challenges, despite the page's prop firm claim.
⚠️No money-back guarantee is stated anywhere, at $797 up front.
⚠️The free licence requires opening an account through the seller's broker referral links, which pays them a commission per signup.

Important Disclosures

Verification History

14 September 2026 — initial assessment. Verdict: Inconclusive. Every figure on this page is a snapshot taken on this date. Live accounts change daily and the numbers you see today will differ.

What would change this verdict. A longer uninterrupted live record on the advertised pair and settings — twelve months or more, at meaningful trade volume, on an account the vendor identifies as running the product as sold. Independent third-party coverage would help. So would a clear explanation from the vendor of why the two largest published accounts trade instruments the product is not advertised to trade. We will revisit this review if that evidence appears.

What verification does and does not confirm. All three linked accounts carry Myfxbook track-record verification, which confirms the trading data is read directly from the broker and has not been edited. It does not confirm which software placed the trades, who owns the account, or that the settings match the product on sale. We examined the per-pair breakdown on all three accounts to test that separately, as set out in our testing and review methodology.

The headline gain figure is misleading. The largest account displays +2,282.11%. That figure is compounded and distorted by deposits and withdrawals. The honest measure on the same account is Absolute Gain of +9.42%: $23,100.00 deposited, $15,433.00 withdrawn, a closing balance of $9,793.74 and total profit of $2,172.74. None of this is hidden — it is all on the public Myfxbook page — but a buyer who reads the headline percentage and stops there will form a wildly inaccurate picture. We explain the mechanics in Evaluating EA Drawdown Risks: What the Numbers Hide.

Average loss exceeds average win on both seller accounts. A system can still be profitable on that shape — it simply needs to win more often than it loses, which these accounts do. But it means the profit curve depends on the win rate holding up. If the strike rate slips even modestly the arithmetic turns quickly, because each loss costs more than each win recovers. This is a characteristic of the strategy, visible on the public track records, not a flaw we have uncovered.

Regulatory warning: VT Markets. The sales page offers a free licence to traders who open an account through the vendor's broker referral links. One of the three brokers named is VT Markets. The UK's Financial Conduct Authority has published a warning about this firm, first published on 21 June 2023 and last updated on 2 September 2025, naming the websites vtmarkets.com and tryvtmarkets.com and stating that the firm is not authorised by the FCA. The practical consequence for a UK trader is that money placed with a firm the FCA has not authorised is not covered by the Financial Ombudsman Service and not protected by the Financial Services Compensation Scheme. We are not suggesting the vendor is aware of this, and we make no allegation about the broker's conduct — we are stating a matter of public record that a UK buyer should know before following that referral link.

The "free" licence is not free. Broker referral arrangements pay the referrer an introducing broker commission on the spread or volume the referred trader generates. The buyer pays for the licence through their trading costs instead of paying $797 up front. Nothing about this model is improper and it is common across the industry, but it creates an incentive worth being conscious of: a vendor earning IB commission benefits when the referred account trades more and stays open longer, regardless of whether it is profitable. We cover the trade-off in Free vs Paid Expert Advisors: Is Free Ever Actually Free?

The leverage claim does not survive contact with EU rules. The product description states that the brokers offer 1:500 leverage for EU clients by default. Under ESMA's product intervention measures, retail clients in the EU are capped at 30:1 on major currency pairs and 20:1 on non-majors. AUDCAD, AUDNZD and NZDCAD are all non-major crosses, placing them at the 20:1 cap. Where higher leverage is available it is typically because the account sits with an offshore entity of the same brand, which usually means the client is outside the EU protections they may assume they still have. Our guide to ASIC vs FCA vs CySEC explains why the licensing entity matters.

The "black swan" claim. The sales material states that "Your capital is shielded from black swan events at all times." No retail trading system can honestly make that claim. A black swan is by definition an outlier existing risk models did not anticipate. Stop losses gap through in fast markets, brokers widen spreads, requote or suspend trading, and the Swiss franc de-pegging in January 2015 wiped out retail accounts that carried stop losses. Absolute safety claims are one of the clearest markers we look for when assessing whether marketing has outrun the evidence — see Common Expert Advisor Scams and Red Flags to Watch For.

On the eighteen-year backtest. A long backtest on a single pair demonstrates that a parameter set can be found which fits eighteen years of history. It does not demonstrate that the parameter set was chosen without reference to that history. We have not independently re-run it, and we treat vendor-supplied backtests as marketing material rather than evidence — the reasoning is set out in Overfitting in EAs: Why Perfect Backtests Fail Live.

On the Myfxbook reviews. All 81 reviews on the product's Myfxbook page are marked "Not Verified", meaning Myfxbook has not confirmed the reviewer owns the product. They are also unusually clustered, with the bulk posted between 31 July and 26 August 2026. Unverified reviews can be inflated by a seller and can equally be attacked by competitors. We did not weight them in either direction.

Affiliate disclosure. We have no affiliate or commercial relationship with TheDailyFX or with Seagull EA MT5. We do not earn a commission if you buy this product, and we would not have earned one had we rated it Recommended. No link in this review is an affiliate link. We bought nothing, were given nothing, and were offered nothing in exchange for this assessment. We did not contact the vendor for comment before publication; this assessment rests entirely on material the vendor has published itself.

Risk warning. Trading foreign exchange and contracts for difference carries a high level of risk and can result in the loss of all invested capital. Automated trading does not remove that risk — it removes the delay between a decision and its execution. Past performance, including verified past performance, is not a reliable indicator of future results. Nothing in this review is financial advice, a personal recommendation, or an invitation to trade. We are an independent publisher, not a regulated financial adviser.

Frequently Asked Questions

Is Seagull EA MT5 a scam?

We have seen no evidence of fraud and we do not describe it as one. The three track records are genuinely verified by Myfxbook, meaning the trading data is read directly from the broker rather than entered by hand. Our concern is narrower: only one of those three accounts trades the pair the product is advertised to trade, and that account has a short history of 109 trades over roughly 27 weeks. That is an evidence problem, not a fraud allegation.

Why is this review marked Inconclusive rather than Recommended or Not Recommended?

Inconclusive is our verdict when a product neither trips an automatic disqualifier nor produces enough evidence to earn a recommendation. Nothing here fires a disqualifier — the accounts are verified, the vendor is identifiable and the pricing is stated openly. But the advertised strategy is supported by a single account with a short record, while the two larger accounts trade materially different instruments. We do not recommend products on the strength of evidence that does not match the claim.

What does "verified" actually mean on Myfxbook?

It confirms two things: that the account data comes directly from the broker via investor password or read-only API, and that it has not been edited. It confirms the trades are real. It does not confirm that a particular Expert Advisor placed them, that the account belongs to the person publishing it, or that the settings match the product on sale. Verified data and verified attribution are different claims, and only the first is on offer here.

The headline account shows over 2,000% gain. Is that real?

The number is real; the impression it creates is not. Myfxbook's "Gain" figure is compounded and distorted by deposits and withdrawals. On the same account, Absolute Gain — the honest measure — is +9.42%, with $23,100.00 deposited, $15,433.00 withdrawn and a balance of $9,793.74. Always read Absolute Gain.

Can Seagull EA MT5 be used to pass a prop firm challenge?

The vendor states that the conservative profile is compatible with prop firm challenge rules. We cannot verify that claim. Prop firm rules vary enormously between providers and change frequently, and they commonly restrict news trading, weekend holds, maximum lot sizes and specific EA types. The account that trades the advertised pair recorded a maximum drawdown of 21.55%, which would breach the maximum drawdown limit at most funded account providers. Check the specific rules of your own firm rather than relying on a general compatibility claim.

Does the free broker licence cost me anything?

Not directly, but it is not free either. Opening an account through the vendor's referral link typically pays the vendor an introducing broker commission generated from your trading costs. You pay for the licence through your spreads rather than up front.

Are the reviews on the Myfxbook page trustworthy?

We would treat them cautiously in both directions. All 81 are marked "Not Verified", and they are unusually clustered, with the bulk posted between 31 July and 26 August 2026. Unverified reviews can be inflated by the seller and can equally be attacked by competitors. We did not weight them in our assessment.

Review Our Complete Testing Methodology

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Risk Warning & Affiliate Disclosure: Trading foreign exchange and CFDs on margin carries a high level of risk and may not be suitable for all investors. Past performance, including verified live performance, is not a guarantee of future results. The Robotic Trader may receive compensation from partner brokers, VPS providers and software developers through affiliate links, at no extra cost to you. This supports our research and does not constitute personal financial advice. Commercial relationships never affect our verdicts, and we disclose where we hold accounts ourselves. Always trade with money you can afford to lose.