Stealth Trader assures high rewards and low risk with its unique approach. This fully automated software works mainly on the GBPJPY pair. The vendor claims that the ATS has generated over 1,250% profits in less than two years. This FX robot is 100% hands-free and can be used safely on any account regardless of its size. The vendor provides real trading results verified by a third party. 

Product offering

The website is well-designed with all info on the FX robot being displayed on a single page. However, the developer’s explanation is tedious, which can be done without, making the FX robot look less professional. Greg James is the developer of this expert advisor. He cites his experiences in a popular online trading platform for his knowledge of Forex and the development of the product. LeapFX is the company promoting the product. We could not find info on the founding year of the company, its location, phone number, and other details.

Price $347-$597
Trading Platforms MT4
Currency Pairs GBP/JPY
Strategy Price action
Timeframe N/A
Recommended Deposit N/A
Recommended Leverage N/A
Money Management N/A

To purchase this FX EA, you have two membership plans to choose from. One is an annual subscription package costing $347 and the other is a lifetime membership package costing $597. Important features of the package include free updates, free support, the best recommendations, and a money-back guarantee of 30 days. When compared to the price of competitor systems in the market, we find the price of this FX robot is expensive. 

Trading strategy

From the explanation provided by the developer, we find this expert advisor uses the volatility and price movement of the GBP/JPY pair to generate high returns. The developer states that the volatility, big price movement, and wide range of the currency pair help in providing multiple trading opportunities. He claims that he and his team have built this automated system as robust, stable, reliable software. Some of the key features of this system that the developer focuses on are:

  • It is a fully hands-free trading tool.
  • The FX EA does not use the grid or martingale methods making it a low drawdown system.
  • It is designed to work only on the GBPJPY pair.

We could not find info on the timeframe, recommended deposit, and other settings of the expert advisor.

Trading results

A few backtesting results are posted on the official site. Here is one of the backtests done from January 2018 to May 2022 using the M5 timeframe. 

Backtesting report of Stealth Trader on the Myfxbook site.

From the above stats, we can see the backtest had generated a total profit of 106.09% with a daily profit of 0.05% and a monthly profit of 1.43%. For a total deposit of $2,500, the test generated $2,652. Profitability of 77% was present for a total of 1,060 trades and the profit factor was 1.39. Lot sizes of 0.10 and 0.20 were used. A drawdown of 10.49% was present. The low drawdown indicates the strategy is not risky. 

The developer provides real live trading results verified by the myfxbook site. Here is a real EUR account using the IC Markets broker and the leverage of 1:100 on the MT4 platform. 

Growth curve of Stealth Trader on the Myfxbook site.

Trading stats of Stealth Trader on the Myfxbook site.

From the above screenshots, we can see that the account started in October 2021 has generated a total return of 165% with the daily and monthly profits being 0.58% and 18.76%. A drawdown of 30.42% is present. The balance, equity, profit, deposits, and many other details are hidden making us suspicious of the reliability of the results. 

Further, the growth curve reveals several ups and downs indicating a high-risk approach. The risky strategy is further confirmed by the high drawdown. Comparing the backtesting result with the real trading stats, we find that the profits are higher in the real trading, but the drawdown is also high denoting the backtesting results are not predictive of future performance.

Customer reviews

User reviews for the LeapFX company on the Trustpilot site.

Unfortunately, we could not find user reviews for this FX EA on trusted sites like Forexpeacearmy, Trustpilot, and myfxbook. However, we found 14 reviews for the LeapFX company on the Trustpilot site with a rating of 4.1/5.

Pros
It is a 100% automated system
Verified trading results
Backtest reports provided
Cons
Absence of strategy explanation
Hidden data in verified results
Expensive pricing
4
Verdict
Stealth Trader claims to provide stable and reliable results. Our analysis of the expert advisor reveals that the backtests and real trading results are the upsides. The money-back assurance also implies reliability. However, we also found shortcomings such as the vague strategy explanation, hidden data in real trading stats, and expensive pricing that you need to consider when deciding on this EA.

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