95% of Expert Advisors are nothing but crap. They come with fancy names and leave traders lamenting over their losses.
And then there are those that try building a name based on the length of time that they’ve served in the market.
However, it’s important to note that no matter the length of time an EA has been offered in the market, it does not always mean that it will perform astonishingly. If anything, this EA could just be a total waste of your money and time.
FX Stabilizer is one such EA that came in 2013 and still exists today. This EA appeared on Forex Verified, a website that is associated with a mysterious man called Ruben King.
This man’s reputation is questionable at best, hence we don’t get surprised when we see him promoting FX Stabilizer.
Also, this EA is presented in two variants. The first version is restricted to EURUSD pair while the second version trades AUDUSD only.
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One wonders why this EA is only able to trade two currency pairs. Is technical and fundamental analysis all the same across all pairs?
While there is a similarity between these two currency pairs since the USD is common between them, it should also be understood that any EA that can trade these two pairs profitably should be able to trade other currency pairs too.
We don’t understand why FX Stabilizer cannot trade other pairs. But this could also mean that the vendor was plotting to make more money per license out of all the pairs traded on the FX market.
There are over 10 pairs that are popular in the Forex market. If this guy can make Expert Advisors for the 10 pairs and sell each license for $265, he can easily smile on his way to the bank. Don’t you think so?
It’s basically a way of creating opportunities for him to cash in. The ultimate test therefore relies on how FX Stabilizer will perform on the two pairs.
But as far as performance is concerned, FX Stabilizer has since failed to prove its long-term sustainability.
Most false Expert Advisors suffer from this problem anyway. Therefore, the only way to preserve your bankroll is by using our recommended Forex products instead.
The ability of FX Stabilizer is very short-term. You could be on your way to paradise today but then end up in hell by the time you’re walking up tomorrow morning.
FX Stabilizer is not stable because it uses the infamous Martingale/Grid system of trading.
It uses indicators to open and close trades respectively. You can win a few trades in a row, which will fool you to get a second license, probably.
Secondly, the EA is touted as the safest EA with turbo and durable mode. Turbo mode is aggressive trading, plus we don’t see how one can engage this setting and still make consistent profits in the long run.
On the other hand, the durable mode of this EA is said to specialize in taking smaller risks, and thus smaller profits.
However, because of the huge draw down percentage that FX Stabilizer often gives, you’re likely to go back to zero since it only takes one wrong trade for FX Stabilizer to blow up the little victories you had enjoyed with this EA.
In short, FX Stabilizer cannot be trusted. This is the same case with their ”past performance” results which they claim to have tracked since 1997.
No one can spend such a long time building, testing and re-building an EA and still fail to come up with a robot that can perform well in the long run.
It’s a little bit hard to trust these results anyway, now that a lot of users are confessing otherwise.
This reminds us of what past users are saying about this EA in forums like Forex Peace Army.
It’s one thing to make a profit. But it’s quite another to keep making those profits.
That’s why FX Stabilizer for both EURUSD and AUDUSD has failed in the long run. This failure forms the basis of nearly all complaints on Forex Peace Army.
One user said that he tested FX Stabilizer on the AUDUSD and made profits. However, the third time he engaged the robot, he got a margin call.
In other words, this user is saying that the EA blew up his account because it had swallowed profits that were initially accumulated.
Another user gave a very disturbing account of the failures of this system. This user claims that FX Stabilizer was flagged as malware in his windows system.
He kept reinstalling but his Windows OS kept deleting it over and over again. This prompted him to give up on it.
This is an indication that the code of this EA is somehow malicious, which is why it is being flagged in the first place.
Also, when users request for a change of this EA from their account to another account which they own, the vendor does it free of charge.
However, any subsequent changes after this will prompt the vendor to ask for a fee of $100. This does not sit well with most users by the way.
At the moment, the guy whose copy of FX Stabilizer got flagged by Windows is asking for a refund because the vendor states clearly on the website that they have a 30day money back guarantee with no questions asked.
But if you actually place a request to have your money back, the vendor says No. This means that the vendor does not honor their refund policy either.
So if you ever encountered a problem with this EA, you will be frustrated and never will you be compensated.
Another user claims that FX Stabilizer makes very small profits especially when users engage ”durable” settings.
However, this will not continue for a long time since the robot is known to blow up every single penny it made in a short while. This user lost 75% of his account, and is not using FX Stabilizer anymore.
In short, the martingale system which is being used here is very dangerous.
Also, even though the profit graph claims that this EA cannot have a draw down that is larger than 39%, this is false in most cases as FX Stabilizer can easily blow past that level.
Secondly, this EA offers very little to cost over 200USD. There are much better systems that cost the same amount but offer trading opportunities for all currency pairs. This one is a total joke.
This is a waste of your money and time, believe us. No user is giving any positive account of this EA.
The few positive reviews which you’re seeing on Forex Peace Army are actually suspicious. You should not trust those who say that FX Stabilizer performs well.
Another disadvantage is that one license can only work on one live account and 3 demos. We believe there is a better way to offer value for money.
To cut the long story short, let’s just say that FX Stabilizer is a bogus EA. You cannot and won’t make money with this thing. You better opt for these Forex products instead.
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