Stabilis Lucra appears to be one of the most decorated forex robots of all time. Their success was especially at an all-time high between 2016 and 2017. The bot won in several Forex categories, including Best Innovative FX Product 2016, Best Forex EA 2016, Best Performing FX Strategy 2016, and the Best EA Performance in 2017. We perform an EA review of Stabilis Lucra to determine whether it’s legit or not.
Table of Contents
What is Stabilis Lucra?
Stabilis Lucra is a trading robot that prides itself in helping traders gain exponential profit from their investments. This forex robot is compatible with the Metatrader 4 platform and is made for stability and profitability. Using MT4 means that a trader doesn’t have to be constantly present on their computer to trade. The bot currently supports GBPUSD and AUDUSD as its most profitable currency pairs.
The robot costs about $1000, depending on the promotional discount drive going on when you purchase it. The bot gives you access to the robot’s software, bonuses, updates, and 24/7 support on email, Skype, and live chat. Purchasing this robot also entitles you to a 60-day money-back guarantee.
To start trading with Stabilis Lucra, a trader should have access to a broker account, a Virtual Private Server, and the bot. The creators recommend that when trading using this software, you need to find traders with really low spreads and a glitch-free environment to work in. You can deposit funds as low as $300 to your investment account.
EA Review: Stabilis Lucra
Because GBPUSD is quite a major currency pair, its spreads are minimal, and the trading doesn’t affect liquidity levels. Despite the entire spiel about how successful the trader is, Nathan seems to shy away from telling us exactly how the robot works or what got them the many awards they won.
What happens when you trade using Stabilis Lucra?
This robot uses the stop loss and takes profit to ensure that trades get triggered to enter and exit the market at opportune moments.
- This is a high-frequency low-risk trader.
- Because of loss recovery, you can gain profit even though the market is going in the opposite direction.
- You can identify healthy, strong FX trends to trade on
EA Review: Stats and Community Trust
As usual, the first thing we reviewed was the website. Aside from tooting their horns with award displays, nothing much is going on on their sales page. The self-praise automatically gave us scammer vibes. Information about what the bot does and its achieves results is conveniently missing from the sales page.
The creators haven’t provided us with backtests, so we can’t study the historical data. However, this kind of information is usually speculative and not an indicator of forex robots’ performances.
The bot’s live results are on Myfxbook, and this year hasn’t been favorable for this robot; we see a massive spike in drawdown, even though the profit is still at +224.83%. The daily growth for this bot is 0.04%. All this is done with a 1:300 leverage.
This robot has enough red flags from the website to the bot itself. Having reviewed all the info provided, we can’t, in good conscience, let her continue working without reporting it. There are a myriad of alternatives.