Blazing Night Scalper trades automatically and has both backtesting and live results available on the website. The developer seems to have coded a night scalping strategy into the system with a slight touch of averaging. It trades on multiple currency pairs and has a total growth of 44%. We will cover all the pros and cons of the algorithm to see if it is profitable for our accounts.
Blazing Night Scalper trading strategy
As mentioned before, the EA has a night scalping strategy on multiple currency pairs. The developer states that the robot does not trade based on indicators and has its own logic for trading the markets. According to him, it does not implement grid and martingale with a stop loss and take profit. The average holding duration hangs at 2 hours.
Blazing Night Scalper features
The robot has the following features:
- It comes with both backtesting and live records.
- The developer constantly updates the system to remove any bugs.
- There is a night scalping strategy under the work.
- Traders do not need to attach it to every chart.
Price
The software comes with a one-time payment of $249, and there is no money-back guarantee. It is also possible to rent it for one month at $90.
Blazing Night Scalper backtesting results
Backtesting results are available for unknown currency pairs. The duration of the test is 11 years. The developer presents backtesting results by showing multiple images. There is no detailed statement available. For the period, the robot had a maximum drawdown of 47.38% and turned an initial deposit of $10 into $53 million dollars. It had a winning rate of 88.94% with a profit factor of 1.451. The average amount of profitable trades was $6117.43, while the average amount of losing deals was -$32487.32. There were a total of 29184 trades executed during this period.
Blazing Night Scalper live trading results
We have live records available on MQL 5 that show us information about the product’s performance. The system made a total growth of 86 %, with a drawdown of 65.84%.
The winning rate stood at 92.15%, with a profit factor of 2.25. The average profitable trade was $0.59, while the worst was -$3.08 in a total of 204 trades. The developer made $119.84 in deposits and $0 in withdrawals.
With a maximum deposit load of 35%, we can state that the robot uses most of the trading margin. This can lead to severe drawdown, which might happen in the future.
Blazing Night Scalper reputation
Traders on MQL 5 community look neutral with their view on the algorithm. One of the traders says that he is happy with the product and that it has a good profitable curve.
Is Blazing Night Scalper a good EA to invest in?
Blazing Night Scalper has a good amount of deposit load, which refers to the use of high margin. Some brokers may stop trading and close all the open positions causing a loss if it exceeds the designated point. Traders have to be cautious while investing in it.
Blazing Night Scalper review summary
- Strategy – 3/10
- Functionality and features – 4/10
- Trading results – 4/10
- Reliability – 5/10
- Pricing – 3/10
Blazing Night Scalper is an average system that requires further testing to see if it is profitable. Traders have to be cautious while purchasing it now. Long story short, we would not recommend this expert advisor to the public.
