According to its website, FX Stabilizer is a forex robot that aims “to do everything to close trades in profit.” The bot is designed to work every day, trading automatically to provide a steady profit daily. The bot’s site claims to provide reliability and durability despite the rapid changes in the forex market. Today, we will be performing an EA review of the FXStabilizer by highlighting how the bot functions. Does the robot offer you the stability it promises?
What is FX Stabilizer?
According to its site, the Forex Expert Advisor is fully automated and was founded in 2015 to help forex traders maintain a stable profit daily. The platform doesn’t mention where their headquarters is, and its origin remains a mystery. This robot is one of many robots powered by Forex Store.
FX Stability has two packages, FX Stabilizer Pro and Ultimate, and two trading modes for the Pro version. You can choose between two modes, Turbo and Durable, with durable being the low-risk version and Turbo being the high-risk version.
According to its website, this is what sets FX Stabilizer apart from other forex bots:
- Proven reliability
- 6 to 8 currency pairs to spread risk
- They use algorithmic trading
- Durable and Turbo modes
- History results from 1997
- Good profitability
- Live results from 2015
- Easy to use
EA Review: FX Stabilizer
The expert advisor is compatible with Metatrader (MT4) and Metatrader 5 (MT5) trading platforms for automatic trade. Because the robot is automated, it’s suitable for both amateurs and professionals. It uses leverages ranging from 1:200 and higher. The bot’s creators promise shorter drawdowns, stable profit, reliability, and durability. All these are attractive words, but there is no comprehensive explanation of how they do it. The robot seems to be using the trend trading strategy.
The two packages, on average, are more costly than other bots out there. The FX Stabilizer Ultimate costs $539 and trades on six currency pairs, with the EURUSD and AUDUSD being the significant pairs and EURJPY, USDJPY, EURGBP, CHFJPY being the minor ones. Using this package, you can’t change trade modes.
FXStabilizer claims to have a strong money management system where it uses take profit and stop loss to grow your account and prevent you from losing more resources than you had set.
FX Stabilizer Pro trades on eight currency pairs, including all the features that the Ultimate package provides. The package comes with an additional license of the unlocked version of FX Stabilizer. It costs $739. You can only change trade modes on the EURUSD and the AUDUSD. There is mention of a “mechanism of absolute trading security” to protect your account from losing its deposit and user-friendliness of the software.
EA Review: FX Stabilizer Community Trust
Their website does look professionally done, albeit the vague descriptions. They have shared their stats on the site, bombarded us with backtests starting from 1997. We will focus on the EURUSD backtest that was done using the H1 timeframe. The test started from 2009 to 2016, with a $10000 deposit and a 0.01 fixed lot. The test happened under a 90% modelling quality, and within the seven years, the account accrued a $176789.20 net profit.
The drawdown was set at 33.11%, which is relatively high, with a profit factor of 2.10. From the 1849 total trades done over the years, the robot was able to win 60% of the short positions and 57% of the long positions. The risk limit for this account was set at 35%.
We checked out the robot’s Myfxbook account, and the account has been live since 2015. There is no likelihood that their popularity increasing. We will analyse a real Turbo’s EURUSD account. The account’s track records were verified by Myfxbook, which speaks to its legitimacy. It was done on a 1:500 leverage.
The trader here began with a $500 deposit. The account was created in April 2016 and is still functioning to date. The account has grown to $11800 so far, which translates to around 2260.05% profit.This trader’s account has been growing about 0.17% daily, and the drawdown stands at 21.47%.
We studied the graph, and the highest drawdown was 13% this year, seems like the drawdowns get higher when closing profits, which means that the trader doesn’t make significant losses. The robot has won 65% of the trades so far, which isn’t that bad.
Because the trader has two packages, we can also study FXStabilizer Pro’s performance. For this account, the trader deposited $1000, which grew to $13407.37. This translates to a 1240.74% profit. The drawdown is quite high at 48.48%, and the daily profit stands at 2.24%. FXStabilizer has won 62% long trades and 64% short trades. Myfxbook verifies both the track record and the trading privileges. The robot’s average win stands at 33.20 pips and losses of -58.01 pips.
Their lack of popularity also shows in their user reviews. For example, they have a 3-star rating on Forex Peace Army, with most of their user reviews being unfavourable.
Despite having an early start, FX Stabilizer is still unpopular and has only been reviewed on the Forex peace army, and the reviews don’t make us confident in it. We can’t consider the 90% modeling quality as accurate, and for a professional trader, I have no idea why they didn’t decide on the 99.9% modelling quality.
We have no idea who developed the robot or where they are located. How do you trust something whose origin you don’t know? The site’s trading methods are vague at best, despite the package costing a hefty amount.
The robot asks for around $500 to $750 for a one time purchase, and they haven’t specified a minimum deposit. The robot is quite pricy even with the profit they’re posting, and you can’t contact technical support directly. The only way to do so is to leave a form on the website and wait for them to contact you. The robot seems legit, but I would proceed with caution before investing in it.