NightVision EA is an MT5 tool that works during the closing phase of the American trading session. This night scalping system makes use of unique developments of the author that the vendor claims are tested on real trading accounts. As per the vendor, this ATS has only a few settings and the installation is easy. It can work on a majority of the trading instruments.
Detailed forex robot review
Alexander Kalinkin is the author of this trading software. He is based in Russia and has 3 years of experience in asset management and product development. Alexander has created 3 products and two signals. Contacting the developer is through the email address and telegram channel link he provides under his profile. As per the MQL5 site, this software was first published in January 2021 and is in version 6.5 now with the recent update being done in May 2021.
The main features of this ATS include the use of SL and TP for each trade to protect the capital and avoiding the use of dangerous strategies like Martingale, Grid, Arbitrage, and more. This FX EA works on 16 currency pairs and for best returns, the developer recommends the use of an ECN account with low commission and spread. A few settings for the FX robot are revealed by the developer and these include the option for selecting the trading pairs, lot size selection, risk percentage setting, and more.
NightVision EA strategy tests
Other than mentioning night scalping, the developer does not provide info on the trading approach. There are no strategy tester reports for this system. The lack of strategy explanation and backtests raise a red flag. Since it is important for a prospective customer to know about the trading approach and its effectiveness, most vendors provide proof of the performance by showing backtesting reports. The absence makes us suspect this is not a dependable product.
Real live account trading results
A real USD account of this FX EA using IC Markets broker and the leverage of 1:500 on the MT5 platform is shown below:
From the screenshot, we can see that while the trading privileges are verified, the myfxbook site has not verified the track record. A total profit of 62.42% and an absolute profit of 62.78% are present for the account started in November 2020. The daily and monthly profits are 0.17% and 5.29% respectively. A drawdown of 21.81% is present.
All other details under the trading stats including the balance, equity, profit, interest, deposit, and withdrawals are hidden. We find this very suspicious. From the other info present for the account, we can see profitability is 71% and the profit factor value is 1.35. A total of 453 trades have been executed but we can see many of the values like the lots, commission, average wins, and losses, etc. are hidden. This makes us suspect the approach is risky and that the performance is bad.
To buy this MT5 tool, you need to shell out $489. No money-back-guarantee is present. But a free demo offer is available. The developer does not divulge further information on the features available with the package. From the lack of refund, we suspect this is not a reliable product. Comparing the price of this night scalper with other competitor products we find this ATS is overpriced.
We could not find user feedback for this FX EA on reputed third-party sites like Forexpeacearmy, Trustpilot, etc. User testimonials from such sites are unbiased and reveal plenty of info such as the performance, support, reliability, etc. The lack of reviews raises a red flag. The MQL5 site has a few reviews. But since the site promotes the product, we suspect the reviews may be manipulated.
NightVision EA is an FX robot claiming to provide high returns with its night scalping approach. Our assessment of the features, settings, and trading results reveals that the claims are not true. To start with, the developer does not elaborate on the trading approach and reveals very little of the features of the system.
While no backtests are present, the real trading results have most of the significant info hidden. This raises our suspicion about the dependability of the product.
Furthermore, the EA is overpriced and does not come with a money-back assurance. All these factors indicate this is not an FX EA we can recommend to traders.