FxStabilizer trades on multiple currency pairs and works on both MT4 and MT5 platforms. It has a striking price tag of $739 and $539. The developer tries to convince customers to purchase their product by stating a 30-day money-back guarantee.
FxStabilizer trading strategy
The developer states that the robot can work on 6 or 8 currency pairs depending on the trader’s package. To get good information on the working methodology, we had to go into the history of Myfxbook. From there, we can see that it has a combo of martingale and grid approaches on trades. The stop losses and take profits are virtual, and the average trade duration hangs at one day, referring to a day trading approach.
FxStabilizer backtesting report
Backtesting results are available for GBPCHF, where the relative drawdown was around 34.15%. The winning rate was 72.86%, with a profit factor of about 2.74.
All the tests were done on the 60 minutes chart with a starting balance of $10000. The robot tanked an average profit of $467.95 during this period, with 2045 trades in total. The best trade was $53278.04, while the worst one was -$6821.01.
FxStabilizer live results
Verified trading records on Myfxbook show performance from April 074, 2016, till the current date for turbo mode. The system made an average monthly gain of 4.8%, with a drawdown of 13.26%. The stated drawdown is high regarding the monthly revenue, giving us a risk-reward of 3:1.
The winning rate stood at 65%, with a profit factor of 2.2. The best trade was $704.6, while the worst was -$403.98 in a total of 2313 trades. The developer made $500 in deposits and $0 in withdrawals.
Some features of FxStabilizer
FxStabilizer has the following features:
- It has multiple packages that traders can choose from.
- The robot can work on various currencies.
- The algorithm can use a virtual stop loss and take profit.
- It has a drawdown control mechanism in place.
|Average monthly gain
|Grid and Martingale
From the Myfxbook records, we can see that the robot is currently working only on EURUSD. There is no recommendation on deposit.
Main things that make FxStabilizer unreliable service
Let us go over several things that make the company unfit for use.
The robot uses an aggressive martingale strategy to trade the markets. It combines that with a grid approach which can be extremely bad if the market chooses to trend in one direction. There is a chance to get a margin call on the account with such an approach.
- No insight on strategy
The developer does not explain the fact that the robot uses martingale and grid, which raises questions on their transparency. We cannot confirm if the claim on the website about drawdown control will hold true in the future.
Customer reviews are present on Forex Peace Army, giving the company a rating of 3.353 for a total of 7 reviews. One of the traders said that he attached the robot onto the AUDUSD chart and got a margin call on their account after a crazy move on the pair.