Stealth Trader Review: Things to Consider Before Investing

Stealth Trader

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.

Company profile

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:

Updates

The algorithm offers free updates on its purchase. They are available within the members’ area.

Money-back guarantee 

The robot has a 30-day money-back guarantee without any questions asked.

Passive income

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

  1. Select the desired offer and click on the buy now option
  2. Get the files into your computer 
  3. Login to your MetaTrader platform via using credentials 
  4. Bring the robot to the expert directory and refresh the page 
  5. 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.

Trading history on Myfxbook
Trading history on Myfxbook

Backtesting reports

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.

Backtesting records
Backtesting records
Backtesting records
Backtesting records

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.

Live records on Myfxbook
Live records on Myfxbook
Live records on Myfxbook
Live records on Myfxbook

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. 

Customer support

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.

Customer review on Trustpilot
Customer review on Trustpilot

Stealth Trader

Stealth Trader
2 5 0 1
Stealth Trader comes with both live and backtesting records, which show a mediocre performance. The company is not transparent on its profile as it provides no evidence of its foundation year, employee details, and residing country. We observed some poor reviews about the company on Trustpilot, and there are no comments for Stealth Trader.
Stealth Trader comes with both live and backtesting records, which show a mediocre performance. The company is not transparent on its profile as it provides no evidence of its foundation year, employee details, and residing country. We observed some poor reviews about the company on Trustpilot, and there are no comments for Stealth Trader.
2/5
Total Score
  • Profitability
    3/5 Neutral
  • Strategy
    2/5 Bad
  • Reliability
    3/5 Neutral
  • Price
    2/5 Bad
  • Customer Testimonials
    2/5 Bad

Advantages

  • Backtesting and live records are available

Disadvantages

  • The vendor is unclear on their profile
  • The price for the product is high
  • Poor feedback on Trustpilot
Total
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