Stealth Trader is an expert advisor that takes advantage of the innate price volatility in the GBPJPY pair. It promises to give you astronomical returns. In effect, one of the accounts it is running on Myfxbook has supposedly generated more than 1000% profit for the owner.
Stealth Trader company profile
Stealth Trader is a product of LeapFX. The company has been operating in this market since 2018, creating Forex solutions and managing traders’ investments. Some of its listed products include Funnel Trader, Atomic Trader, AX Trader, Bounce Trader, The Skilled Trader, etc. The main face behind this EA is Greg James. He currently manages funds for a few private investors.
The highlights Stealth Trader
The EA comes with the following features:
- It is easy to use.
- It supports the MT4 platform only.
- The system trades on the GBPJPY currency pair only.
- It comes with a detailed setup guide.
- The dev offers full support for any issues you may encounter.
Stealth Trader is a scalper. We are also made to understand that it seeks to capitalize on the volatile nature of the GBPJPY symbol that causes it to record large price movements and wide ranges. For this reason, the instrument presents many trading opportunities on a daily basis, which the EA acts on to make profits. The grid approach is also integrated in this algorithm, though the vendor fails to mention this.
Facts & figures
The above results prove that this EA was tested between January 2018 and March 2022 using a $2500 deposit. By the end of the trading period, the system had completed 1060 trades and made a total profit of $2652.28 in the process. Subsequently, the total gain realized was 106.09%.
The win rates for both long (73%) and short positions (80%) were not very good. The profit factor of 1.39 even shows us that the EA had a low profitability rate. Fortunately, low-risk trading was employed, as illustrated by the small drawdown (10.49%) generated. A total of 2843.2 pips were won.
Stealth Trader has traded on this account for quite a long time, having placed its first order in 2020. To date, the successful trades have increased the user’s net worth by 1223.71%. All the while, the bot has been making profits worth 12.40% on a monthly basis. The drawdown rate has remained below the 30% mark, which is a good thing. It means that the capital is safe for now. Other trading outcomes are concealed from the public.
We have 998 completed trades that have reported win rates of 67% for long positions and 72% for short ones. These success rates and the profit factor (1.35) are slightly lower than the ones showcased in the backtest report. This means that the system produces much lower revenues for the user compared to the simulation period. The average trade length is 1 hour and 13 minutes.
From the table above, it is apparent that the bot mainly works with long trades.
This account is about to get ruined.
The grid element is present. Though the EA has made some profits, it has also suffered losses, which are considerably higher than the wins. SL and TP are implemented.
Stealth Trader packages
Stealth Trader features two membership plans. The yearly one costs $347, while the lifetime one is $597. These packages are quite costly considering that the standard price for an EA is usually $200 or below. By purchasing any of the aforementioned options, you get to enjoy these features: free updates, the best recommendations, free customer support, and a 30-day refund policy.
You can get in touch with the customer support team by filling out the online contact form displayed on the EA’s official site. Another option available to you is to email the team directly with your concerns.
There are no comments that relate to this EA on Trustpilot or Forex Peace Army.
Is Stealth Trader a reliable system?
We have confirmed that the robot makes profits for traders. However, its losing streak is significantly higher. So, you will probably have an unhealthy risk/reward ratio when trading with it.