The goal of Night Hunter is to attain long-term stable growth for the user. The developer says she created the trading system years ago and updated it continuously to integrate the most recent innovations in Forex. So, the robot only has a strict rule-based approach to trading, enabling it to optimize profits and minimize risks.
Night Hunter is available at a one-time price of $999. It doesn’t come with a money-back guarantee or other offers such as free updates.
Night Hunter Pro trading strategy
According to the vendor, this system applies the advanced scalping strategy. This entails using smart entry/exit algorithms with refined filtering techniques to spot the most secure points of entry when the market is calm. In short, Night Hunter scalps the market, especially at night when trading activities are at a minimum.
Night Hunter Pro features
The EA’s features can be found here:
- It supports many currency pairs, including GBPUSD, EURUSD, EURCHF, USDCAD, USDCHF, CHFJPY, AUDCAD, EURCAD, and EURAUD.
- The recommended timeframe is M5.
- You need a single chart to trade all the symbols.
- It comes with an advanced news filter and a negative swap filter.
- It includes an auto GMT detection and self diagnostic system.
- A hedging account is required to start trading.
- Good brokerage conditions such as low spreads and slippage during the rollover are also required.
- You are advised to use the ECN broker.
- It should run on a VPS without interruptions.
- It is compatible with FIFO.
Night Hunter Pro backtesting results
The vendor tested the viability of this trading algorithm using the EURUSD currency pair and fixed lots on the M5 chart. The data used ranged between January 2005 and May 2021. There was an initial deposit of $100 that multiplied to $869.70 after the EA implemented 3117 trades. A maximal drawdown of 4.44% was generated, which means that the robot applied low-risk trading. The win rates for short positions were 83.81% and 81.78% for long ones.
Night Hunter Pro live trading results
Night Hunter Pro has been running this account since June 25, 2021, after it was deposited at $600. The EA makes a profit of 0.06% daily and 1.73% monthly. So, the gain made so far is $80.98. This profitability rate is too low, considering the trading period is about 7 months.
There are 408 completed trades, but the winning rate for short positions (68%) is not that great. The long positions (80%) brought in more wins. To date, the pips made are 594.3 pips, with the average win being 3.40 pips and the average loss being -3.81 pips. The lots traded are 13.64, and the profit factor of 1.43 further highlights the robot’s low return rate.
We can see that the system traded late at night and during the wee hours of the morning using the scalping approach. The grid approach was also present. SL and TP were attached to each order.
As of now, this account cannot be ruined easily.
Although the system trades daily, its activities peak on Friday.
Night Hunter Pro reputation
The vendor behind this EA is Valeriia Mishchenko. Her profile is very brief and doesn’t include her trading experience or professional background. We only know that she has created one other product — Waka Waka.
Night Hunter Pro has a 4.83 rating on mql5 based on 29 customer reviews. Clearly, most traders are satisfied with its workings. As we looked at some of the testimonials, we learned that the robot works as long as you follow the vendor’s recommendations. Furthermore, the system supposedly attains constant gains and a low drawdown. However, there’s one angry customer who complains about losing $3000 after his account was blown.
Night Hunter Pro review summary
- Strategy – 4/10
- Functionality & features – 6/10
- Trading results – 5/10
- Reliability – 5/10
- Pricing – 3/10
Night Hunter Pro is quite expensive, and based on the live trading results, it can take you months to get value for money due to the small profits made. The presence of the grid approach also threatens to wipe out the gains. Other than that, you can enjoy the many features the system offers and trade during the calm periods of the market.
