Stealth Trader is a Forex expert advisor that claims to have generated over 1250% profit in little over a year using a low-risk high-reward strategy. It is a 100% automated trading system supported by verified trading statistics. According to the developer, this system is safe for any account size and suitable for novice traders.
On the official website, the vendor has explained in detail how the robot was developed and what sets it apart from other systems. We have several screenshots of live trading accounts showing high profits. The vendor has also shared the backtesting results, the pricing details, and a screenshot showing customer testimonials.
This is a product from the LeapFX team, which is based in New York, USA. The team is well-known for manufacturing robots like Funnel Trader 2.0, Automic Trader, DynaScalp, AX Trader, The Fund Trader, Easy Money X-Ray Robot, and Trade Explorer. The lead developer is Greg James and he was at the helm of a popular online trading platform for 12 years. After that, he studied the behavior of currency pairs while maintaining a hedge fund.
Features
This robot is only compatible with the GBP/JPY pair, which is known for its volatility, sharp price shifts, and wide ranges. Multiple trading opportunities are generated daily for this pair. Each user gets access to the full software with internal settings optimization. You don’t need to make any adjustments and only the risk level needs to be selected.
You also get a detailed user manual with the best recommendations and setup instructions. All customers are eligible for free lifetime updates. The vendor has not clearly explained the trading strategy behind this robot.
How to start trading with Stealth Trader
There are two pricing plans for this EA, one for a yearly membership and the other one for a lifetime membership. For the yearly membership, you need to pay $347, while the lifetime membership costs $597. The vendor also provides a 30-day money-back guarantee for this product.
Stealth Trader is a system that is designed to trade with low drawdown. It avoids using risky trading strategies like grid or martingale. For low risk exposure, it uses a low stop loss system.
Backtests
This backtest was conducted from January 02, 2018, to Mach 11, 2022. During the testing period, the EA conducted 1060 trades, winning 77% of them and generating a total profit of $2,652.28. Apart from the high win rate, it also had a decent profit factor of 1.39. The daily and monthly gains were quite satisfactory at 0.05% and 1.43%, respectively. It had a drawdown of 10.49%, which can be considered suitable for trading.
Verified trading results of Stealth Trader
Here we have a live trading account on Myfxbook that trades with 1:100 leverage and places its orders through the IC Markets exchange. The account was launched on October 31, 2021. The trading history is not too long and the EA has conducted 349 trades to date. At this moment, it has a win rate of 74%, which is slightly lower than what we saw in the backtest. However, it is still quite high compared to other systems.
This account has a semi-decent profit factor of 1.12. The daily and monthly gains are 0.48% and 15.61%, respectively. It currently has a drawdown of 30.91%. Looking at the high drawdown, we can tell that the EA is following a risky trading strategy. Here, we should mention that the account owner has hidden some key parameters like balance, equity, profit, interest, deposits, and withdrawals.
From the live trading history, it is evident that the robot frequently suffers heavy losses. Also, it is not always able to recover its losses in the subsequent trades. The average length of each trade is 41 minutes. This EA conducts multiple trades on a daily basis.
Customer reviews
There are no reviews for this EA on third-party websites. However, there are a few reviews for LeapFX, the parent company, on Forex Peace Army. Here, several users have complained about their accounts being blown.
Is Stealth Trader a viable option?
| Advantages | Disadvantages |
| High win rate | High drawdown |
| Money-back guarantee | Lack of strategy insight |
| Negative customer reviews for parent company |
Wrapping up
Stealth Trader has not been trading live for too long. Although it has a high win rate, we can see that it uses a risky strategy that leads to frequent losses. Also, we don’t exactly know the specifics of the trading strategy used by this expert advisor.
