The developer of the Stealth Trader EA provided us with three live trading performance charts by the third-party company Myfxbook. The robot trades only on the GBPJPY currency pair and obviously, all three statistics are live trading on this currency pair. The longest live trading from all the charts has been done on the “Stealth Trader #1 Account – Long Term” account. The Stealth Trader has been trading live on the account since July 11, 2020, which is almost 22 months already. The other two accounts have been live since October 31, 2021, which is only 6 months’ statistics.
Considering the duration of the live trading accounts statistics, the results look pretty good. The Stealth Trader reached an amount of 1299% of the profit on the “Long Term” account but also much less on two other newly created accounts – only 70% on the “#2 Account” and 184% on the “#3 Account”. The statistics graphs of the Stealth Trader EA look very sharp having many downward movements but still, the main trend is upward, and the profit also confirms this.
There are no backtests made by the MT4 Strategy Tester for the Stealth Trader. But on the official website of the robot, the developer provided some kind of backtests made with the help of the Myfxbook platform. These backtesting results of the system are not that impressive at all. The robot manages to make a little more than 100% of the profit using the data of 3 years of historical quotes. These results really add nothing to the quality of the system, even more, it shows that the Stealth Trader EA might be not that effective in the long-term trading.
All the backtests are made on a 5M timeframe using every tick testing model, which is the most precise method of backtesting based on all available least timeframes. The backtests’ modeling quality is 90% which is okay for this EA because it does not use a scalping strategy.