• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Managed Accounts
  • Forex Robots
  • Forex Brokers
  • Forex Signals
  • Social Trading Platforms

Forex Traders Guide

The Ultimate Forex Knowledge Base

  • Robots
  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

Panda Night Review

January 13, 2022 by Forex Winner Leave a Comment

Panda Night

Panda Night is a trading advisor that opens and closes deals on Forex. We have an average presentation with short explanations about the strategy. 

Detailed Panda Night robot review

We got together all the details about how the system is going to function on a real account if we’d like to purchase it. 

Best Forex Robots ›

Compare leading trading systems on the market

  • The system was designed to help us with automatic trading on our terminal. 
  • “The system looks for signs of reversal, in hours when the market is not strong, and the risk of high movements is low.”
  • Trading is allowed on various cross pairs. 
  • The system doesn’t need much margin in trading. 
  • “The correlation of the different symbols is generally very low, giving to the system a very high diversification, which reduces the overall risk.”
  • The installation process will take several minutes. 
  • We can customize the robot if we understand how. 
  • The settings are delivered and well-explained. 
  • “If the names of the symbols aren’t common in your broker platform, update the names in the Symbol List parameter.” 
  • This doesn’t sound simple. 
  • We can work on the same account if we want. 
  • It has to be a low-spread one. 
  • The dev suggests we use IC Markets and TickMill brokers. 
  • The first one is good to go. 
  • “The best brokers are those that work with the GMT offset +3.”

Panda Night strategy tests

Panda Night backtest report.

The robot was tested on the past tick data of all cross pairs. Test results showed that the system didn’t trade smoothly in the past. The win/loss ratio was 6.3. The gross profit was $39,970. 

Panda Night backtest trading details.

The robot was tested on 10 cross pairs. The profit factor was from 2.5 to 7.4. These numbers are good. 

Panda Night trading results

Panda Night trading results.

The system keeps running a real $1000 account on IC Markets with unpredictable success. The leverage is 1:500 and the platform is MT5. The maximum drawdown is 13.1%. The maximum deposit load is 9.1%. The win rate is 72.4%. The system has been running here for 53 weeks. Since then, the total growth has amounted to 35.95%. 

Panda Night trading details.

The trade frequency is 39 deals weekly. An average holding time is 3 hours.

Panda Night growth chart.

The system has lost September, November, and December 2021. 

Panda Night trading details.

It looks better in January 2022. 

Panda Night trading details: a closer look.

Panda Night closed 772 deals. The best trade is $20.64 when the worst trade is much bigger -$32.19. The recovery factor is 1.79. The profit factor is 1.38. We remember it was over 2 or so. An average profit is $2.33 when an average loss -$4.43. The average monthly loss is -7.82%. The annual forecast is -94.84%. 

Panda Night distribution.

EURUSD is the most actively traded pit with 151 orders. 

Pricing

Panda Night pricing info.

The dev has decided to decrease the price twice from $399 to $199. There are no rental options available. The system is available for demo usage, so we can check settings and execute backtests. 

Customer reviews

The developer profile.

Jiang Ming Wang is a developer with a short rate – 810. His portfolio has a 5 rate based on 13 reviews. The portfolio includes three products and four signals.

People testimonials.

We have both positive and negative testimonials written about the robot.

Review Summary

Panda Night is a trading advisor that scalps profits at night. The past trading activities showed that the advisor isn’t stable and should be updated to suit 2022 year conditions.

Advantages
Trading results shown
A backtest report provided
Acceptable pricing
Disadvantages
No risk advice given
No money-management advice provided
The robot doesn’t work stable
We have many negative comments written
4

Best Forex Robots ›

Compare leading trading systems on the market

Filed Under: Forex Robots

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Best Forex Robots

  1. Techberry 8.7
  2. Happy Forex 8.0
  3. Forex Fury 7.7
  4. Promax Gold EA 6.8
  5. Gump EA 6.4

Best Forex Brokers

  1. Techberry 8.7
  2. XM 8.2
  3. eToro 8.1
  4. Pepperstone 8.1
  5. IG 8.0

Latest News

How to Predict Forex Movement?

November 30, 2022

The Red Dog Reversal: A Strategy for Day or Swing Trading

November 9, 2022

Tron DAO to Pull Out Additional 3 Billion TRX

Tron DAO to Pull Out Additional 3 Billion TRX

June 16, 2022

Footer

Forex Broker Reviews

xm forex broker

XM Review

April 25, 2019 By Forex Winner

Videforex

Videforex Review

May 22, 2019 By Forex Winner

InstaForex

InstaForex Review

December 26, 2019 By Forex Winner

Forex Robot Reviews

Tradescoop Review

May 2, 2023 By Forex Winner

Profit Lab EA Review

Profit Lab EA Review

June 28, 2022 By Forex Winner

GoodMorning EA

GoodMorning EA Review

June 23, 2022 By Forex Winner

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2023 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure