Night Hunter Pro is an FX robot that promises stable growth in the long term. It claims to be an advanced scalping robot that uses smart algorithms for identifying accurate entries and exits. The FX robot uses advanced filtering methods for its trades.
Valeriia Mishchenko is the developer of this FX EA. She is based in Russia and has developed 4 products and 13 signals. This FX Robot was first published in June 2021 and its current version is 4.68 with the recent update being done in August 2021.
Support is via the message board on the MQL5 site. The inadequate support options and lack of location address and phone number info make us suspect the reliability of the FX EA.
Features
This FX robot supports 9 currency pairs which include GBPUSD, EURCHF, USDCHF, CHFJPY, EURUSD, EURCAD, AUDCAD, EURAUD, and USDCAD. As per the developer, the system does not use risky approaches like the grid or Martingale methods. It enters trades using pending orders and SL position is present for every trade.
Other features the developer focuses on are single chart setup for all the symbols, advanced news filter, self-diagnostic system, automatic GMT detection, negative swap filter, and a Friday Exit feature.
How to start trading with Night Hunter Pro
To buy this FX EA, you need to shell out $599. No rental options are present but a free demo offer is present. As per the website info, the package is available with a 45% discount. No money-back assurance is present for this product which raises doubts regarding its reliability.
The M5 timeframe is used for the EA and the main currency pair the developer recommends is the EURUSD. Other recommendations include the use of a broker with low spread and slippage like an ECN broker. The developer provides installation tips, settings, strategy, and other info on the MQL5 site.
Backtests
A backtesting report for the portfolio of 5 pairs using the IC Markets broker and real tick data from 2015 to 2021 is present.
From the above strategy tester report of 100% modeling quality, we can see the initial deposit of $100 generated a net profit of $705.09. The profit factor was 2.35 and profit trades out of the 3335 trades executed were 78.38%. A drawdown of 8.64% is present for the account using fixed lots. While the drawdown was low, we found the profit gained was also low. The low returns signify an ineffective trading approach.
Verified trading results of Night Hunter Pro
A real USD account using Valutrades broker and the leverage of 1:500 on the MT4 platform is present for this EA.
From the trading stats of this account verified by the myfxbook site, we can see a total profit of 3.32% and an absolute profit of 3.32%. A daily and monthly profit of 0.04% and 1.33% are present for the account.
The drawdown for the account that started in June 2021 with a deposit of $5000 is 0.67%. For a total of 296 trades executed, the profitability is 72% and the profit factor is 2.33. A lot size of 0.04 is used for the account.
Despite the low drawdown, the profit is not very high for this EA which indicates the strategy is not effective. Compared to the backtesting results, the profitability is similar indicating the ineffective approach and poor performance of the FX robot.
Customer reviews
We could not find user feedback for this EA on reputed third-party sites like Forexpeacearmy, Trustpilot, etc. The MQL5 site has 14 reviews for this FX robot. Here are a couple of the testimonials from users.
One of the reviews claims that the EA blew his $3000 account on the first trading day and he complains that this is the fastest account blowing robot. Another user commends the performance of the EA stating that it generates consistent profits. Most of the reviews on the MQL5 site are positive which makes us suspect they may be manipulated.
Is Night Hunter Pro a viable option?
From our evaluation of the functionality, performance, support, and other features of this FX robot we do not find it a feasible option. Here are the main advantages and disadvantages we identified in this FX robot.
Advantages
- Fully automated trading software
- Verified trading result
Disadvantages
- The strategy is not explained
- Low profits in the real trading account
- The product is overpriced
Summary
Night Hunter Pro claims to provide stable trading with low drawdown. Our analysis of the features, performance and other aspects of the FX robot reveals that while the drawdown is low, the profits the system generates are not high. The backtesting result and real trading results show low profits confirming our suspicion that the approach used is not effective. While the developer maintains that the EA does not use Martingale, grid, or other risky approaches, the low profits make us suspect a high-risk approach. The inadequate support, expensive price, and lack of a money-back guarantee further confirm that this is not a reliable FX EA.
