Night Trade EA is said to be a fully automatic night scalper that doesn’t need any manual intervention. The vendor provides a list of recommendations, which we believe are meant to help the trader get the best out of the EA. But is Night Trade EA really worth the money? We review it to find out.
The developer of this robot is known as Mikhail Voropaev. He is from Russia and has created two other products — ImpulsWD and EastStar EA. Info on his qualifications, trading experience, and skill-sets have not been divulged. It is possible that he is just another unqualified trader who hopes to make some good money by selling automated trading tools.
Features
The system has a variety of features, which we have listed below:
- It does not utilize dangerous strategies like martingale and grid.
- Protects all trade orders using a stop loss.
- Settings can be customized.
- Traders are advised to utilize brokers that provide ECN or Raw accounts with minimal spreads.
- For stable operation of the advisor, use a VPS server.
- It uses many currency pairs for trading: AUDCAD, EURAUD, EURCAD, CHFJPY, GBPAUD, GBPUSD, EURCHF, AUDUSD, USDCAD, EURGBP, EURUSD, and USDJPY.
- The default working timeframe is M15, but the EA can also work on the M5 timeframe.
As intimated earlier, Night Trade EA uses the night scalping approach. It particularly opens orders within 2 hours between the American and Asian sessions.
How to start trading with Night Trade EA
The system is currently available at $199. Alternatively, you can hire it for 3 months at $99. You can also opt to use it for 6 months and pay $149. So, if you want the system to begin trading for you, attach it on the MT4 platform once you complete the purchase and installation processes.
Backtests
Backtest results are available, but they are reported in Russian. Anyway, we have interpreted the data as best as we can for you below.
According to the data, the robot was tested for 4 years, mainly between January 2017 and April 2021. The trading was done on the 15 minute chart using the AUDCAD currency pair. The end result was a total net profit of $552,187.04 and a huge relative drawdown of 35.44%. The drawdown value makes us aware that the strategy used is dangerous.
There were win rates of 75.88% for short positions and 84.29% for long ones. The EA had a higher probability of losing trades going by the average loss trade of -$2833.57 compared with an average profit trade of $1841.10.
Verified trading results of Night Trade EA
The robot ran a real USD account, and, as you can see on the screenshot above, was not performing well at all. As you can see, the system has managed to undervalue it by -99.9% after making an average monthly loss of -43.61%. The massive drawdown of 99.88% means that there is no hope of ever salvaging the account. Other data values are hidden probably because they are not good.
This EA did not trade often. Since April 2019, it has only completed 260 trades and has an average trade length of 1 day. The profit factor of 0.77 and negative pips (-181514) highlight the unproductive nature of the robot’s strategy. The accuracy rates for long and short positions were 62% and 79%, respectively.
The system’s monthly performance in 2019 was sporadic and poor. The huge loss (-121.26%) made in August must have contributed to the account’s current woes.
The robot’s monthly performance improved in 2020, especially between January and February, as it brought in huge profits. However, it started to take a downward trend in March. Unfortunately, we don’t have stats for the month of May going forward. Monthly data for 2021 are also not availed. We suspect that the results are terrible.
Customer reviews
There are only positive reviews for this system on mql5. Some customers are saying that the EA functions stably and generates steady profits and a low drawdown. These comments do not match with the live trading results we have just analyzed. Therefore, the reviews could be fake. The fact that they are also not verified further raises doubt about their credibility.
Is Night Trade EA a viable option?
Advantages
- Supports multiple currency pairs
- Offers customizable settings
Disadvantages
- Risky strategy on board
- Unsatisfactory vendor transparency
- Unreliable user reviews
- Massive drawdown
Summary
Night Trade EA is not a viable trading option. It works with a risky approach that seems to only engage in bad trades that result in losses. We also suspect that the vendor lacks the necessary qualifications to put together a workable strategy. He needs to go back to the drawing table and engage experienced professionals to help him create an efficient tool. Otherwise, unsuspecting traders will lose a lot of money while using the product.
