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Stealth Trader Review: Is It a Reliable ATS?

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Stealth Trader

Stealth Trader is an expert advisor that assures a fully hands-free operation, third-party verified account, and is safe to use on an account of any size. The developer, Greg James claims that even beginners will find the system easy to use. He has over 12 years of experience in the Forex industry. This FX EA is promoted by the LeapFX company that provides automated trading systems, managed account service, brokers, and Virtual private servers. Dynascalp, Atomic Trader, AX Trader, and The Fund trader are some of the products of the system. For support, the vendor provides an online contact form and an email address.

As per the developer, the main features that make this FX robot stand apart from its competitors are:

  • It is a 100% hands-free trading tool that does not require any input from you after loading it.
  • The FX EA is a low drawdown system designed to boost your profits and minimize losses.
  • No dangerous methods like the Martingale or Grid strategies are used by the ATS.
  • The system is set up to provide daily profits.
  • It works on the GBPJPY pairs.
  • Backtests and real verified trading results are present to prove the efficacy of the system.

Trading strategies and currency pairs

As per the developer, the expert advisor makes use of the daily market movements that remain consistent and predictable at specific times. The FX EA uses the volatile pair GBPJPY leveraging its big price movements, and wide ranges to ensure multiple daily trading opportunities.

Using the EA is simple and easy. You need to load it on your MT4 platform, confirm the parameters integrated into the software and log into your account to know the profits you have made daily.

A few backtests are present for the FX robot. Here is one of the backtesting reports for the system found on the myfxbook site:

Backtesting report of Stealth Trader on the Myfxbook site

Backtesting report of Stealth Trader on the Myfxbook site

Backtesting stats of Stealth Trader on the Myfxbook site

Backtesting stats of Stealth Trader on the Myfxbook site

From the above report, we can see that a profit of 109.61% was generated from the backtest executed from 2018 to 2022 using the M5 timeframe and the ‘EveryTick’ model. A drawdown of 11.08% was present for a total of 1,043 trades with 76% profitability and a profit factor of 1.40. For a deposit of $2,500, a lot size of 0.10 was used. From the low drawdown, it is clear that the system used a low-risk approach and the high profits show good performance. The big lot size however indicates a risky approach.

Stealth Trader trading statistics

The vendor provides a real EUR account verified by the Myfxbook site. Here are screenshots of the account using the ICMarkets broker and the leverage of 1:100 on the MT4 platform.

Growth curve of Stealth Trader on the Myfxbook site

Growth curve of Stealth Trader on the Myfxbook site

Trading stats of Stealth Trader on the Myfxbook site

Trading stats of Stealth Trader on the Myfxbook site

From the above trading stats, we can see the account shows a high profit of 1,299.56% with a daily profit of 0.39% and a monthly profit of 12.38%. A drawdown of 28.89% is present. For a total of 1,0303 trades, the profitability of 70% and a profit factor of 1.35 are present. The growth curve shows an irregular pattern indicating a risky approach and ineffective money management. Further, the details such as the balance, equity, profit, interest, deposits, withdrawals, lots, etc. are hidden. Hidden data makes us suspect the reliability of the system.

Pricing and refund

To use this FX EA, you need to choose from the two packages available. One of the packages is a one-year membership plan costing $347 and the other is a lifetime membership costing $597. Features you get with the packages are similar and include free updates, best recommendations, free customer support, and a 30-day money-back guarantee. A detailed installation guide is also present. When compared to the market average, we find the pricing is expensive.

What else you should know about Stealth Trader

Unfortunately, we could not find user reviews for this FX EA on reputed sites like Forexpeacearmy, Trustpilot, etc. However, we found 17 reviews for the company on the Forexpeacearmy site with a rating of 3.196/5. As per the feedback, the users are unhappy with the poor performance of the products of the company.

Stealth Trader Conclusion

4.1

Stealth Trader promises successful trading with high returns. The developer provides backtests and real trading results. However, our analysis of the real trading results indicates a risky approach. Further, the hidden data in the verified results raise doubts about the reliability. The expensive pricing and the failure of the developer to explain the approach are other shortcomings we found in this FX robot.

  • Price - 4/10
  • Strategy - 4/10
  • Trading Results - 4/10
  • Vendor Transparency - 5/10
  • Customer Reviews - 4/10
  • Support - 4/10

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