Is Stealth Trader Your Secret to Trading Success? Our Review

Stealth Trader is a Forex expert advisor from the LeapFX team. According to the developer, the robot has generated more than 1250% in a little over a year while following a low-risk strategy. It is supported by a third-party verified trading account. The vendor also claims that the robot is safe for any account size. 

There are two pricing plans for this EA. The first one is a yearly plan that costs $347, and the second one is a lifetime membership plan that you can get for $597. Both plans come with free recommendations and updates. The vendor offers a 30-day money-back guarantee for this system.

Stealth Trader trading strategy

There is no complicated setup process for this EA. You simply load it on your MT4 platform, which is provided by your broker for free. Before you start trading, you need to confirm that the in-built parameters are set properly. After that, you can log into your account daily to check your earnings.

The vendor has mentioned that this is a low drawdown system that is built to trade with low loss while avoiding dangerous trading schemes like grid and martingale. However, they have not explained the actual trading strategy behind the system.

Stealth Trader features

Each user gets access to the full software program with an internet settings optimization system. The robot is coded with auto-optimized settings, so there is no need to make any adjustments. You simply need to select the risk and you can start trading. With this robot, you get a detailed user manual outlining setup instructions and best recommendations. 

The robot only trades in the GBP/JPY currency pair. This pair is known for its wide ranges, huge price movements, and unrelenting volatility. Thus, there are several profit-making opportunities for this pair on a daily basis.

Stealth Trader backtesting results

This backtest was conducted from January 2018 to March 2022. During the test, the EA conducted 1060 trades, winning 77% of them and generating a total profit of $2,652.28. Apart from the high win rate, the robot also had a decent profit factor of 1.39. While the daily and monthly gains were 0.05% and 1.43% respectively, the drawdown was 10.49%. Looking at the low drawdown, we can tell that the trading strategy was not too risky.

Stealth Trader live trading results

Here we have a live trading account on Myfxbook that has been active since July 11, 2020. To date, the EA has conducted 989 trades through this account, winning 70% of them. The win rate is slightly low compared to the backtest, but it is still quite high compared to other robots. This account currently has decent daily and monthly gains of 0.40% and 12.67%, respectively.

The drawdown for this account is quite high at 28.89%. Thus, it is evident that the robot follows a risky strategy that can lead to heavy losses. The current time-weighted return is 1265.57%, while the profit factor is 1.35. It should be mentioned that the account owner has chosen not to reveal some of the key parameters like balance, equity, profit, interest, deposits, and withdrawals.

From recent trading history, we can see that the EA places multiple orders every day. Also, it has recently suffered multiple consecutive losses. On average, it holds a trade for 1 hour and 13 minutes.

Stealth Trader reputation

LeapFX is a Forex automated systems development company that is based in New York, United States. We don’t know when it was founded and the vendor has not revealed the identities of the team members. Other expert advisors from this developer include Funnel Trader 2.0, Automic Trader, DynaScalp, AX Trader, The Fund Trader, Easy Money X-Ray Robot, Trade Explorer, and Bounce Trader. 

There are no reviews for this particular EA, but LeapFX has a moderate rating of 3.196 out of 5 on Forex Peace Army, based on 17 reviews. Users have complained about their accounts being blown while using the EAs. One of them has stated that the robot uses a risky martingale strategy.

Stealth Trader review summary

• Strategy – 4/10
• Functionality & Features – 4/10
• Trading Results – 5/10
• Reliability – 4/10
• Pricing – 5/10

Stealth Trader is an affordable EA that is supported by verified trading statistics. However, it uses a risky strategy that increases the drawdown and leaves your account open to heavy losses. There is not much information on the parent company and several users have complained about bad results.