Night Hawk is a Forex EA from the DaVinci FX group working on the MT4 platform that claims to make profits from price movements in the Forex market. This fully-automated EA is marketed as a modified version of a classic system. The vendor claims that the algorithm for this robot was written by expert developers and that the EA is based on high-quality backtesting data.
Night Hawk can be purchased at $275 and the user has the option of paying via multiple payment gateways. After completing your purchase, you need to send your MT4 account number to the service team to receive the latest version of the system. A 30% discount is offered for the purchase of subsequent copies.
Night Hawk Trading Strategy
This Forex EA trades every single day, but the major signals appear during the Asian sessions, and entries are guaranteed only at favorable prices. By trading daily, the robot can achieve risk-diversification while avoiding over-optimization based on historical data.
A modified Martingale strategy is used by this robot and positions are opened with the help of various indicators like Commodity Channel Index, Bollinger Bands, candlestick patterns, etc. The overall drawdown is effectively reduced through customizable filters for currency pairs and the number of open transactions. It also possesses a specialized algorithm that is utilized by the Average True Range indicator for constructing dynamic orders grid.
We would have liked the vendor to provide further technical details about the trading strategy, mentioning how the Martingale strategy has been modified for this robot. Seasoned Forex traders often look for these minute details, and they might find this information to be insufficient.
Night Hawk Features
Night Hawk EA can trade in the absence of manual intervention. It has a trade time filter due to which the user receives reliable signals at all times. It is compatible with all kinds of brokers, but the vendor recommends using an ECN broker for the best results.
Lifetime support is provided to all users and upgrades do not cost anything extra. Moreover, the system has four smart filters that allow it to exit a position prematurely based on indicator signals, and this means it can lock in profits until the price changes direction.
Trading lots are selected automatically through the money-management system that takes into account the deposit made by the user. The vendor also claims that the drawdown is reduced significantly via the news and currency filters.
Night Hawk Backtesting Results
This backtest was conducted on the AUD/CAD pair starting from 11th Jan 2012 to 16th April 2020 with an every tick model and a timeframe of 15 minutes. As we can see, a total deposit of $3000 was made for this backtest, from which the system generated a profit of $12,260.23. The daily and monthly profits were 0.05% and 1.63% respectively, while the drawdown was marginally low at 28.34%.
A total of 1992 trades were conducted in this backtest, out of which 72% were won by the robot. The average win and loss were 33.26 pips/$18.98 and -54.55 pips/-$26.63 respectively, while the profit factor was quite decent – 1.82.
Night Hawk Live Trading Results
Here we have a live trading account for Night Hawk that is verified independently by Myfxbook. Launched on 5th May 2019, and since that time it has made 446 trades. At 73%, the win rate for this live trading result is similar to the backtest. Both daily and monthly gains are higher while the drawdown is much lower at 16.90%, which is indeed a good sign.
Currently, the net profit generated by this account stands at $7863.27, while the profit factor is 2.42. Generally, a profit factor above 1 is considered to be standard, and when it is above 2, you know the system has something special to offer.
Night Hawk Reputation
The vendor has revealed the identities of some of the team members on the official website. Vitaly Nemykh is the Lead Tester and Idea Generator, and he has been a Forex trader since 2006. It is mentioned that he has ample experience in managing low-risk investment portfolios.
Roman Starostin is the lead software developer and he has been developing trading algorithms for around five years. The DaVinci FX group has developed systems like Zodiac EA, Sakura EA, and Breakeven Definer in the past. However, we were unable to find any user reviews for Night Hawk EA.
Night Hawk Review Summary
- Strategy – 6/10
- Functionality and Features – 7/10
- Trading Results – 8/10
- Reliability – 7/10
- Pricing – 8/10
Conclusion
To summarize, Night Hawk is a reliable and trustworthy Forex EA that can help you win consistent profits. The vendor has taken care to share multiple backtesting as well as live trading results where we can see the stellar performance of this robot.
