FX Stabilizer is an automated trading Forex robot supposedly owned and operated by the ForexStore team and it offers 2 packages for you to purchase. The ultimate version costs $539 and can be used in dealing with 6 forex pairs. The Pro version goes for $739 and it offers extra license and can be used in dealing with 8 forex pairs.
If you consider buying a package with them, take a note of the following review. As you can probably guess by the low score we gave this EA, we don’t recommend it, and the reasons for that are highlighted below.
- 1 FX Stabilizer EA Review
- 1.1 FX Stabilizer EA Advantages
- 1.2 FX Stabilizer EA Disadvantages
- 1.3 Trading Strategy
- 1.4 Trading Result
- 1.5 FX Stabilizer EA Conclusion
- 1.6 FX Stabilizer
- 1.7 Pros
- 1.8 Cons
FX Stabilizer EA Review
FX Stabilizer is owned and operated by the same group of people that run the ForexStore website. This group is also responsible for other systems like Forex Spectre, PowerfulForex and FX Charger etc as you can see on their websites. There is no details on the company, location and the creators of this trading systems. Doing business with anonymous expert advisors is not recommended in general. But that is not the main issue, there are other disturbing points about FX Stabilizer that you need to know.
FX Stabilizer EA Advantages
Comprehensive selection of Forex pairs, intraday timeframe
FX Stabilizer offers a good selection of assets for trade. It features both major and minor Forex pairs in its product portfolio, EURUSD, AUDUSD, EURJPY, USDJPY, USDCAD, CHFJPY, EURGBP, GBPCHF. The majors are the most liquid and widely traded currency pairs in the world and thus comes with a lower spread.
Besides, the EA works with M15 timeframe, which is an intraday timeframe. Intraday Timeframe have advantages which include lots of trading opportunities, less chance of losing months and no overnight risk. But you should consider that the transaction costs will be much higher (more spreads to pay).
FX Stabilizer EA Disadvantages
High Price, negative client review
The cost to purchase a single package of FX Stabilizer is $449. This is high compared to the industry average. Most forex robots costs within $100 – $250 as a start, and some go even lower. For example, leading automated trading software DaxRobot, cost is free and requires a minimum initial deposit requirement of $250.
Also, there are no much client reviews on this EA and the available ones are not good at all.
The vendor said that the EA works on two modes ‘Durable’ and ‘Turbo’ but did not provide much details on this.
They did not mention popular strategies like Bolly Band Bounce Trade, Daily fibonacci pivot trade, Trading the Forex fractal etc.
Quite often, traders will rely on trading strategies that haven’t been tested thoroughly, setting themselves up for a failure. The truth is, you can spend hours searching all over the internet for the right strategy – and have no luck finding one.
The only solution is to try out the leading strategies for yourself and see what actually works, see here.
The vendor of this EA provided a backtesing result and myfxbook account showing single pair trading on EURUSD and AUDUSD.
Myfxbook is a professional community for traders, where performance is transparent and audited for public use. Additionally, you can see what are the recent discussions in the community, and how are other systems you’re watching performing.
FX Stabilizer EA Conclusion
FX Stabilizer provided a verified trading result showing on myfxbook, but if a real user have rated it low, you’d better stay away. There are too many scams operating on the forex and cryptocurrency markets.
Furthermore, the strategy behind this EA is still yet unknown in the marketplace.
If you are using this FX Stabilizer EA let us know how it performs with you below.
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