In this post I will be reviewing the FxStabilizer forex robot. This is a 100% fully automated trading system for the free to download MetaTrader 4 trading platform which you can get from most forex brokers. It is set and forget so you can download it and have it running on your forex trading account in just 5 minutes by following the easy to understand instruction manual. However, there is a lot to consider before you rush to start using it. Of course, no forex robot including the FxStabilizer EA can guarantee results. The forex market is tough, and no matter how good any manual or automated trading system has performed in the past, there is no saying that it will continue that way in the future.
This is another forex robot from the same development team who have a range of other forex software that I have previously reviewed including Forex inControl, FxDiverse, FXCharger, FXParabol EA, FXQuaser EA, FXConstant EA, FXHelix, FXZipper EA, FXTrackPRO, FXRapid EA, MyForexPath EA, FXGoodway EA, Forex Truck EA, Forex Extract EA and the FXCipher EA.
You may ask yourself why do these developers sell so many forex robots when they claim each of them can perform so well. Surely, they should be using them on their own accounts and raking in pips rather than selling them and dealing with customer support issues.
Hopefully this FxStabilizer review will help you decide if these claims are backed up with solid trading strategies, top-quality backtests and verified real account results. We will look at the most important aspects to consider when choosing a forex robot to see if this is a forex expert advisor (EA) that you would consider running on your own trading account.
FxStabilizer Trading Strategy
The FxStabilizer forex robot contains 2 different trading modes – durable and turbo. It will analyse charts for potential trading signals based on the built-in algorithm. When the FxStabilizer EA finds a signal, it can place and manage trades on behalf of the user. You can simply check up on how things have been progressing when you have the time to do so and intervene if necessary. Whilst this is a hands-off approach to trading, the FxStabilizer robot cannot see things that the human eye can which brings certain limitations. You may set it to semi-automated trading in which instance it will send you a signal alert and you can decide from there if you would like to enter the market or wait for the next opportunity to come along.
In order to use this forex robot, you will need a trading account with a forex broker. With so many brokers to choose from, I have conveniently compiled a list of my best forex brokers to help you quickly and easily choose a broker that meets your needs. One of my favourite forex brokers for running automated trading systems is IC Markets. This is because they have some of the lowest spreads and lots of liquidity which means that you can get your trades executed at some of the best possible prices at all times.
FxStabilizer comes with default out of the box settings that have been provided by the developer based on optimisations on various currency pairs and chart timeframes. You can use these settings if you wish but make sure you check what the lot/risk is set at and if this is a suitable size for your risk preferences. Furthermore, you may also amend any of the FxStabilizer settings to meet your own individual trading style. However, if you do decide to experiment with the inputs then you might want to do so on a demo trading account to begin with and see how things go.
FxStabilizer Back Testing
The FxStabilizer website has published back tests all the way back to 1997 across multiple currency pairs which is great. However, these back tests only have a modelling quality of 90% so do not use tick data, real spreads or commissions. It would have been useful for potential users to see 99% modelling quality back tests using Birts TDS in the MT4 strategy tester, something that other forex robots such as Forex Robotron do. I would therefore not really consider these backtests as a way to draw an accurate conclusion simply because the spreads and commissions along with tick data could have had a huge impact on historical results. This is especially the case for a trading robot that relies on small price movements to try and grab some pips here and there. I think the developers should have the knowledge to provide more accurate FxStabilizer backtests which would be very beneficial for potential users to get an idea of how it traded through various different market conditions.
FxStabilizer Live Results
Although the FxStabilizer backtests were limited to 90% modelling quality, the developer has gone some way to making up for it by publishing multiple different real live verified accounts showing the latest FxStabilizer results. I actually think the performance looks decent on some of the accounts whilst on others the drawdown is too high for my taste. I think it would really depend on the broker that you use and current market conditions. Generally speaking, the lower the broker spreads and commission fees, the better. This will also help you to save on trading costs in the long term. It is also good to see that the FxStabilizer robot has been running for a few years as it gives you plenty of data to analyse and see if you like the way it has been trading. As always, keep in mind that these are historical results and by no means any inclination of what will happen in the future.
Overall, I feel that FxStabilizer has potential provided it is used correctly. By that, I mean that it will require a broker with suitable forex trading conditions, such as tight spreads, low fees and quick trade execution speeds. It is great to see the developer has shared some real verified FxStabilizer accounts but I do think that they could improve the back tests by using tick data, variable spreads and including commissions. FxStabilizer includes full 24/7 support, licenses, free updates, instructions and a 30-day money back guarantee to see if it is suitable for you. You could always run it on a demo account to begin with and see how things go. Please feel free to use the link below and visit the FxStabilizer website for more information and to see the latest results.
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.