Night Vision trading robot is available at the MQL 5 marketplace. All the information and the characteristics of the system is detailed on a single page. The developer recommends using the algorithm on an ECN account and low spread. The live records are available at Myfxbook, which we have used in our review to analyze the system’s performance and see if it is fit for us.
Night Vision EA strategies and tests
It is simple to install the algorithm. The whole process is:
- After you purchase the system from the marketplace login to the MQL 5 community on the MT 5 platform and download it
- Place the algorithm on charts to start trading.
The developer states that the EA works on multiple currency pairs and does not use martingale, grid, and arbitrage strategies. It scalps on the market at night time at the end of the American trading session. In the history, at Myfxbook, we can see that it does not place a stop loss and can close trades with a significant loss in contrast with profit.
The robot has the following features:
- It has multiple options within its settings that can be tweaked.
- The risk management can be customized as the trader desires.
- There is no involvement of martingale and grid strategies.
- The robot can trade on multiple currency pairs.
Alexander Kalinkin is the author of the product who resides in Russia. He has a total rating of 4 for 34 reviews. The developer has three products published on the MQL 5 marketplace and has a total of 231 subscribers for his services. He has experience of three years. There are no verified portfolios available to prove his performance.
The developer doesn’t share backtesting results which is an extremely poor approach. They share a rough image. It seems they have tested out the robot for an unknown duration. The picture is blurry to see most of the information. We can only see that the algorithm had a profit factor of 2.39 with a drawdown of $34.25. Without knowing the initial deposit and other factors, the image is useless.
Night Vision EA live trading account review
Verified trading records are available on Myfxbook that show performance from Nov 22, 2020, till the current date. The system made an average monthly gain of 5.26% during the period, with a drawdown of 21.81.
This gives us a poor risk-reward ratio where the downside outweighs the profits by a margin of 1:4. The winning rate stood at 71%, with a profit factor of 1.39. The best and worst trades are hidden along with the balance and equity. The developer might have been using a small capital to mitigate the risk. There were a total of 503 trades.
The robot is available for an asking price of $489. There is no money-back guarantee in case of poor performance. The cost is high in contrast with the gain and drawdown we are getting for a month.
Is the Night Vision EA a scam?
Night Vision EA is not a good algorithm as the drawdown is significantly high. The developer does not share backtesting records with us, which raises concerns. The EA might have hit a drawdown during the procedure.