Stealth Trader Review

Stealth Trader

Stealth Trader implements a low-risk scalping system and uses tight stop loss on its trades. It comes with a detailed setup guide and includes the best recommendations to maximize its outcome. To give more information to our readers, we will discuss the profitability, history record, strategy effectiveness, and key features of the robot.

Greg James is the robot developer who presents multiple backtesting and live records to verify its performance., LeapFX is the parent company that owns numerous bots for auto and manual trading, such as Stealth Trader, DynaScalp, etc. The vendor keeps its users blind to vital company information such as company foundation year and residing place.

Stealth Trader at a glance

Price$347 (yearly), $597 (lifetime)
Trading PlatformsMT4
Currency PairsGBP/JPY
StrategyGrid
TimeframeM5 
Recommended DepositN/A
Recommended Leverage1:100
Money ManagementYes

Stealth Trader functionality

Users must follow the following steps to get started with the system: 

  1. Click on the purchase option available on the website
  2. Sign in to MetaTrader 4 platform 
  3. Bring the bot to the expert directory and reload the page
  4. Link the robot with the chart, and be ready to go 

The algorithm comes with the following key features: 

  • Multiple purchasing options are present.
  • A free demo is available.
  • It works on the MetaTrader 4 platform.
  • The algorithm has free updates and customer support
  • The product comes with a 30-day money-back guarantee 

Stealth Trader trading strategy tests

The robot does not use grid or martingale and trades on the GBPJPY currency pair. It prefers the following instrument due to its volatility and wide ranges. The history on Myfxbook shows us that the robot uses a fixed take profit of around 25 pips. It has a trailing stop loss feature to secure profits once the trade becomes positive.

Trading history on Myfxbook
Trading history on Myfxbook

Backtesting records

The account backtest is available from Jan 2018 till Mar 2022, where the robot had a win rate of 76%. From the statistics, we observed that the algorithm conducted 1043 trades and earned $2,740.14. It had the best trade of $82.57 with a profit factor of 1.40. The initial deposited amount was $2500, resulting in an average win of $11.99.

Backtesting results
Backtesting results
Backtesting results
Backtesting results

What about Stealth Trader live trading results

The trading account on Myfxbook has been active since July 11, 2020, till the current date. The robot has had a gain percentage of +1,297.12%, with a daily gain rate of 0.39% and a noted drawdown value of 28.89%

Live records on Myfxbook
Live records on Myfxbook

After placing 1024 trades, the portfolio has a 70% win rate and a monthly gain percentage of 12.40%. The vendor has locked the details such as deposit, profit, current balance, etc. the noted approach raises trust issues for its users.  

Live records on Myfxbook
Live records on Myfxbook

Customer reviews

The company has a rating of 4.1 based on 14 reviews on Trustpilot. One of the traders says that the EA does not only work correctly, and the company does not take the money-back guarantee seriously.

Customer review on Trustpilot
Customer review on Trustpilot

Another user finds the robot has accurate entries and states that the customer support is very fast.

Customer review on Trustpilot
Customer review on Trustpilot

Stealth Trader Review Summary

Stealth Trader
3 5 0 1
Stealth Trader comes with live and backtesting records that show below-average performance. There is no information on the market experience of the developer and their whereabouts. The use of grid trading can cause the drawdown to increase if the market trends in one direction with momentum.
Stealth Trader comes with live and backtesting records that show below-average performance. There is no information on the market experience of the developer and their whereabouts. The use of grid trading can cause the drawdown to increase if the market trends in one direction with momentum.
3/5
Total Score
  • Functionality
    4/5 Good
    Free updates, demos, and multiple purchasing offers.
  • Trading Strategy
    2/5 Bad
    Uses grid trading strategy.
  • Live results
    3/5 Neutral
    The drawdown value of 28.89% makes it more open to risk and losing investments.
  • Customer support
    2/5 Bad
    The customer service team is present for trader's inquires. The drawdown can be seen at 99%, showing complete liquidation of the account.
  • User reviews
    3/5 Neutral
    Above average feedback on Trustpilot.

The Good

  • 30 days money-back guarantee

The Bad

  • Lack of information on company profile
  • Below average live performance
  • Poor customer support
Total
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