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http://www.tf2outpost.com/trade/9634052: First trade, he has an offer of a Planets Executioner~4-.4.7 according to this site, next is a S. S. Brown bomber if he adds, talked to the guy personally he said 14 keys would suffice, and he also wants 4 pure. Which is not a buy out.
http://www.tf2outpost.com/trade/9564561 Next guy has a b/o of 4.5 and one offer of a scotching bonnet, low but 4 on the high, he doesn't specify which but they are relatively the same.
http://www.tf2outpost.com/trade/9390323/report/33345029 this guy has offers of a sun beams bonk helm~4 on the high, next offer of was clean flip flops~2.5 + bud + pink bills + gold botkiller scattergun Mk:2~6 keys which totals to around 4 and some. His b/o was 4.33
Did you calculate Unusual Overpay?
Don't really need to cuz if they have a b/o of 4 and they are gonna take a hat worth 4 according to this site, the hat is either worth more in actual trading or they don't care about over pay. And trust me none of them are selling below 4. Only one that is overpaying a lot is the executioner.
You always need to calculate overpay for item offers. I doubt any trader would trade an unusual, for another unusual of the same value. Because it'll be a gain for one person, and a complete loss for another.
L1:
Planets executioner ~4 pure
S.S brown bomber ~3.9-4 pure subtract the .5 buds and that's about 3.4 pure
L2: Scorching gelngarry bonnet ~3.4 pure
L3: Sunbeams bonk helm ~2.8 pure (where the hell did you get 4 on the high end? it's 3.4 on the highend...)
Next offer: flip flops ~2 + 1 + pink bills ~0.25 + scatter gun ~0.15 = ~3.4 pure
Nope. Downvote. No 4.3 pure offers
Two have a b/o of 4 buds, no way that is worth more than 4.
The executioner could need a price drop maybe, the guy who offered it on the modest has a b/o of 3.3 buds: http://www.tf2outpost.com/trade/9615619