Expert AdvisorsForex

FxStabilizer Review: Things You Need to Know Before Investing

2 Mins read
4.0

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.

Backtesting records
Backtesting records

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. 

Growth chart of FxStabilizer
Growth chart of FxStabilizer

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.
Total return2350.22%
Maximal drawdown 13.26%
Average monthly gain 4.8%
DeveloperN/A
Created, yearN/A
Price$739
TypeGrid and Martingale
TimeframeH1
Lot size0.01
LeverageN/A
Min.depositN/A
Recommended depositN/A
Recommended brokersN/A
Currency pairsEight
ECNNo

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.

  1. Martingale

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.

  1. 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.

Other notes

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.

Customer review at FPA
Customer review at FPA

FxStabilizer Summary

4.0
FxStabilizer is not a trustworthy system due to the implementation of the martingale strategy. As traders say, it is possible to receive a margin call on the account.
5.0

Functionality

4.0

Reliability

4.0

Strategy

2.0

Price

3.0

Trading Results

6.0

Vendor Transparency

Pros

  • +Multiple subscription plans

Cons

  • -Uses grid and martingale
  • -It has a high drawdown
  • -No transparency on strategy
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