Stealth Trader trading robot claims to offer a stable passive income for investors while trading on GBPJPY. The algorithm comes with a detailed setup guide and optimized settings to get it up and running without any struggle. We will be going through its live records, drawdown, winning rate and pricing to see if it can be a good choice for investment.
Detailed Forex robot review
The developers state that the algorithm has turned in over 1000% in a short span of two years. Traders can try it out on a demo account to judge its profitability before going live.
Greg James, the author of the algorithm, claims to be a co-founder of an unknown online trading platform in 2005. He is a forex geek who has now abandoned that business. He manages funds for private investors for now.
There are no reasons laid out for leaving their business. It is hard to trust their story with no linked-in profile or certificates to back the claims.
The robot has the following set of features:
- Detailed setup guide
- Full support available
- Free lifetime updates
- Preoptimized set files
How does it work?
The robot works by following the steps mentioned below:
- Purchase the expert advisor from the developer’s website
- Download the algorithm files on your computer
- Start Metatrader 4 on your PC
- Drag the downloaded EA files into the charts section and enable auto-trading
Stealth Trader strategy tests
The developer states that the robot trades on GBPJPY that day trades the market to avoid significant risks. It does not use a grid or martingale. There is no further information available on the strategy, which is quite a poor approach. The author has used the whole website page to bolster the profits and so-called performance of the EA.
The history on Myfxbook records shows us that the EA does use a grid approach as multiple trades close simultaneously. The lot size is hidden from the developer, so we cannot confirm the implementation of martingale.
The developer provided the backtesting records for GBPJPY from January 2 till March 7 2022. The system participated in 1060 trades while winning 816 and losing 244. The average amount of profitable executions was $11.61, with a profit factor of 1.39. The modelling quality of the expert advisor stood at 90%.
Live account trading results
Verified trading records on Myfxbook showed performance from July 11, 2022, till the current date. The system made an average monthly gain of 12.98%, with a drawdown of 28.89%.
The winning rate stood at 70%, with a profit factor of 1.36. The developer hides many important statistics such as best/worst trades and the account size being used for trading. The algorithm has a sharp upcurve in the initial stages of trading which means that it may have used a larger lot size to increase returns.
The robot is sold for a one-time price of $597. Traders can also purchase it for one year at $397. There is a 30 money-back guarantee available, and the developer is not clear about the keys available.
Leap FX has 17 customer reviews available on Forex Peace Army, which gives them a rating of 3.196. There is no feedback present for Stealth Trader. A trader comments that they had set up everything. After a short period of profits, they lost a considerable amount of money.
Stealth Trader uses averaging strategies to trade a volatile GBPJPY currency pair. The developer hides multiple figures in the live records and does not disclose their whereabouts.