Stealth Trader aims to generate passive income for traders and can be used to trade funds from proprietary companies. It can trade on small funds like $100 or $200. There are multiple backtesting and live records public on the website that we will analyze in our review to understand the system’s true performance.
Greg James is the developer of the EA who claims to have abandoned their 12-year business of an online trading platform to product Stealth Trader. They provide no certified document to prove their statements.
Stealth Trader trades on the Metatrader 4 platform and promises to generate over a 1000% return within a year and a half. The algorithm was developed after carefully monitoring movements on GBPJPY and then building a strategy to trade the pair with proper risk management.
What is behind the Stealth Trader?
According to the developer, the algorithm can be set up within the following steps:
- Login to your MT4 platform provided by the broker
- Upload the set files within the settings
- Check your account daily to see the profits
The robot has the following key features:
- It comes with free updates and customer support.
- The developer provides optimized set files.
- Multiple backtesting and live records.
- Fully automated system that can trade on any account.
The robot works on GBPJPY due to its volatility and wide movements. It is a fully automated system that does not use grid or martingale and uses a custom indicator as visible from the website images.
The history on Myfxbook records shows us that the expert uses a trailing stop to secure profits once the position enters in a plus. It uses a fixed stop loss and take profit that usually hangs around 25 pips.
The seller provided screenshots of backtesting records at which the algorithm traded from January 02, 2018, till March 07, 2020. The initial deposit is stated as $2500, at which the robot was able to generate a total net profit of $2652.28. The average loss stood at -$27.97, and the profit factor was 1.39. The system made 1060 trades, of which 23% resulted in a loss. The relative drawdown stood at 10.49%, with the Z-score of 0.42.
Stealth Trader comes at $347 with a one-year license and $597 with a lifetime key. To proceed with the payment, traders have to signup on the website. There is a 30-days money-back guarantee available.
Trading performance of Stealth Trader
Verified trading records are available on Myfxbook that show performance from October 31, 2021, till the current date. The winning rate stood at 73%, with a profit factor of 1.09 matching the backtesting stats. The system made a total gain of 134.65 with a drawdown of 30.91%.
The developers hide many key metrics of the robot, such as balance, equity, and best and worst trades which raises some concerns. The system mostly trades from 9-10 a.m. and is most profitable on Tuesdays and Wednesdays.
The vendor states that they provide a full user guide and customer support post-purchase. Traders can fill out a contact form to reach them.
There are 17 customer reviews present on Forex Peace Army, where the company has a rating of 3.196. While there are no feedback on Stealth Trader, a customer comments that using one of their systems has resulted in a margin call on his portfolio.