Stealth Trader trades on GBPJPY currency pair and comes with a detailed setup guide upon its purchase. The algorithm is designed to trade with little loss while maximizing profits and uses no martingale and grid strategy as claimed by the developer. To check if the robot finds advantageous for its users, we will look at its history records, drawdown, profitability, and key characteristics.
Greg James is the robot developer, and LeapFX is the parent company. The enterprise owns multiple bots for auto and manual trading, such as Automatic Trader, DynaScalp, etc. There is no information about the company foundation year and residing country.
The highlights of Stealth Trader
Down below are some of the features of the algorithm:
The algorithm offers free updates on its purchase. They are available within the members’ area.
The robot has a 30-day money-back guarantee without any questions asked.
The algorithm is developed to generate a stable passive income on your portfolio.
Trading strategy of Stealth Trader
Following steps should be followed to make the algorithm work
- Select the desired offer and click on the buy now option
- Get the files into your computer
- Login to your MetaTrader platform via using credentials
- Bring the robot to the expert directory and refresh the page
- Connect the algorithm with the chart and start trading
The algorithm trades on GBPJPY without using grid and martingale strategies. With no clear insight into the strategy, we head over to the live records on Myfxbook. From there, we observe that the system uses a stop loss and take profit of around 25 pips. After the position enters a certain profit, the trailing stop loss will turn on to secure the profits.
The backtesting data is available from January 2018 to March 2022. There had been 1060 trades, out of which 77% were profitable. The initial deposit was $2500 with a daily gain of 0.05%. The robot traded on the 5 minutes timeframe and had a profit factor of 1.39. The drawdown value was 10.49%, with a small monthly gain of 1.43%. This resulted in the overall final balance of $5152.28.
Trading results in real time
The algorithm started trading in July 2020 and is currently live, as seen on Myfxbook. The stats showed that the EA drawdown value was 28.89% and a gain percentage of +1,279.26%. A total of 1002 trades were accomplished, of which 30% were negative. The profit factor noted was 1.35 and an average win of 12.89 pips. We can see that most of the stats are hidden from the developer, which is a poor approach.
Stealth Trader price
The bot comes with two purchase offers depending on the validity period. $347 is valid for one year, whereas $597 provides a lifetime membership. Both deals include free updates, a 30-day money-back guarantee, free customer support, and Stealth Trader software on its purchase.
As mentioned on the website, free customer support is available for its users. Traders can ask their questions by filling out the form present on the contact page or email them directly.
Are traders happy with Stealth Trader?
The company has a rating of 4.1 for 14 testimonials on Trustpilot. There is no feedback available for Stealth Trader. One of the customers comments that he has lost $2500 and warns other traders not to buy their product. The company blocked his email address when he tried to reach them.
Stealth TraderStealth Trader
Customer Testimonials2/5 Bad
- Backtesting and live records are available
- The vendor is unclear on their profile
- The price for the product is high
- Poor feedback on Trustpilot