Stealth Trader is said to be a tested and proven system that is capable of making frequent, consistent profits for the user daily. The vendor claims that the system can supposedly increase your net worth in the background, even if you have a 9–5 day job. The robot is 100% hands-free and safe for any account size.
Greg James, the developer of this EA, was a pioneering co-founder of what he says is a popular online trading platform that works with leading copy and social trading companies in Europe and Asia. He quit after working on this platform for 12 years. Now Greg focuses on managing funds for a few private investors.
Stealth Trader overview
The EA has the following features:
- It is easy to use.
- The sysrem only trades on the GBPJPY currency pair.
- It comes with a detailed setup guide
- Stealth Trader offers full support and free lifetime updates.
- It works on the MT4 terminal only.
The EA has 2 distinct pricing options. A lifetime license is currently being sold at $597, while the annual plan costs $349. At these prices, you will get the Stealth Trader software, a 30-day refund policy, free customer support, free updates, and best recommendations.
How it works
Stealth Trader is designed to carry out a variety of trading functions on autopilot. In essence, it will buy and sell currency pairs for you based on how the vendor has programmed it.
The devs don’t explain the kind of strategy their EA uses to trade. They imply, however, that the system is focused on the GBPJPY’s unrelenting volatility, large price movements, and wide ranges, which generate numerous trading opportunities on a daily basis. As a consequence, the bot capitalizes on these opportunities to make profits for users. We are also told that no martingale or grid strategies are applied during trading.
As per the data above, the EA was tested between 2018 and 2022 and managed to grow the account by 106.09% upon completing 1060 trades. A profit of $2652.28 was realized using a $2500 deposit. The drawdown, which was 10.49%, indicates that low-risk trading was employed at the time.
The win rates for short and long positions were 73% and 80%, respectively. On average, the robot held a position for 47 minutes. A total of 2843.2 pips were won after the system traded with 141.50 lots. The average win was 10.86 pips, whereas the average loss was -24.68 pips.
Stealth Trader is presently running a real EUR account on Myfxbook that is being hosted by IC Markets. The account, which was opened almost 2 years ago, has attained a total gain of 1256.76%. The EA makes a monthly profit of 12.65% for it, which is impressive. To date, the drawdown generated is 28.89%. This figure isn’t high and implies that risky trading activities aren’t involved. We are not shown the other data values.
We have 987 trades that have achieved win rates of 67% for long positions and 73% for short ones. These outcomes are mediocre and not outstanding. The profit factor (1.35) is also average. The average trade length is 1h 13m, while the total pips won are1539.4.
The grid strategy is present, which disproves the vendor’s claim that this approach isn’t used. Though the EA won some trades, it also made some huge losses. Each trade had an SL and TP target attached to it.
The account has a high risk of ruin, so it has a bleak future.
The robot is active throughout the week, and so far, Thursday is the busiest day with 214 completed trades.
We could not find any customer reviews relating to this EA on either Trustpilot or Forex Peace Army. Therefore, it’s hard to gauge whether the trading community has embraced it or not.