Waiting Night is an expert advisor that works on ECN or Raw accounts with a low ping VPS. The system trades on multiple currency pairs and has flexible settings, permitting you to adapt it to your preferences. For that reason, you can modify the risk levels or work with a broker of your choice.
The EA was created by a developer known as Marat Baiburin. He lives in Russia, and his portfolio includes two trading systems only—Waiting Night for both the MT4 and MT5 versions. Unfortunately, his professional qualifications and trading experience are not provided, so we don’t know if he can be trusted or not.
Features
Find below the features of the EA:
- All of its transactions adhere to FIFO rules.
- The system uses pending orders to decrease slippage.
- It trades on 12 currency pairs, namely USDCAD, USDCHF, USDJPY, EURCAD, EURCHF, EURUSD, EURGBP, EURAUD, GBPUSD, CHFJPY, AUDCAD, and AUDUSD.
- It closes all trades within 3-5 hours.
- The EA does not utilize news filters.
- It has an in-built volatility filter optimized for every currency pair.
- No dangerous trading methods like martingale, averaging orders, etc., are not used.
- It attaches a stop loss and take profit on every order.
How to start trading with Waiting Night
You need to purchase the EA first to begin trading with it. For now, you can buy it at a fair price of $199. Sadly, the price will soon rise to $399, but the final price will be $2000. No money-back guarantee or a rental option is offered.
Once you are done with the purchase process, download and attach the system to your MT4/ MT5 account. Configure the settings according to your liking and activate the bot. The EA will supposedly apply an innovative approach to night scalping to carry out trades on your behalf. Though no details about this strategy are given, we believe that the system will open numerous trades at night. The main goal is to make small wins from each order. Price action and the author’s indicator are also used to track positions.
Backtests
Waiting Night was backtested from May 2003 to December 2021 using a $10000 deposit. In total, 3797 trades were carried out. The resulting profit ($11201.30) was pretty decent. From a profit factor of 2.58, we can see that the system was relatively lucrative. The average profit trade was $6.26, while the average loss trade was -$8.14. Furthermore, low-risk trading was implemented as only a small drawdown of 1.04% was generated.
Verified trading results of Waiting Night
According to these statistics, the system has been trading live on this account since May 10, 2022. A deposit of $100 was placed at the start, and the EA has worked with it to carry out 56 trades. As a consequence, the owner has earned a profit of $42.24, increasing the balance to $142.24. So, the overall account’s growth rate stands at 42.24%. The maximum drawdown is still low at 14.7%.
The EA has a 78.57% profitability rate, and so far, it has generated a profit factor of 1.82. The loss made from the worst trade (-$17.75) is higher than the profit produced from the best trade ($6.11). For now, the system has a higher chance of making more losses than wins, as illustrated by a higher average loss (-$4.27) than the average profit ($2.12). A total of 6 trades are conducted weekly, and each trade is held for 1 hour, on average.
Customer reviews
All available customer reviews relating to this product are positive. According to some clients, the system works great and generates desirable results in the live market. In short, they believe that it is stable and efficient.
Is Waiting Night a viable option?
Advantages
- Supports 12 different currency pairs
- Fair pricing
- A risk management system is present
Disadvantages
- Lack of verified trading results
- No money-back guarantee
- Inadequate vendor transparency
Wrapping up
Waiting Night gives you a chance to trade on many currency pairs to increase your income stream. It’s also reasonably priced and attaches a stop loss to each order to ensure you don’t lose money unnecessarily. Sadly, the live trading results have not been verified, so we don’t know if the outcomes we have seen can be replicated on traders’ accounts. Also, you won’t be refunded in case the bot fails to meet your expectations.
