The Night Hunter Pro EA conducts automated forex trading on the widely used MetaTrader 4 and MetaTrader 5 platforms. Its popularity surged through the MQL website, a platform where traders and programmers exchange various forex EAs, indicators, scripts, signals, and strategies.
Developed by Valeriia Mishchenko, the Night Hunter Pro EA is part of her collection of forex EAs, available on her website. In our review, we will delve into the advantages and drawbacks, examine any backtests, and, most importantly, scrutinize real verified results. Hopefully, this assessment can assist you in determining whether this automated forex system aligns with your trading objectives.
Live Results
The developer has additionally shared a Myfxbook account showcasing the most recent verified results of the Night Hunter Pro EA. Although the account size is relatively modest compared to some other forex robot results encountered previously, the available statistics still offer insights into its performance amidst recent market conditions. As of writing this Night Hunter Pro EA review, it’s reasonable to conclude that the EA has performed admirably.
Trading Strategy
The Night Hunter Pro EA employs an innovative scalping system, utilizing intelligent entry/exit algorithms and sophisticated filtering techniques to identify entry points during periods of low volatility in the forex market. Unlike other strategies, the Night Hunter Pro robot abstains from martingale or grid trading methods, opting solely for entering trades with pending orders and implementing a stop loss for each trade.
The EA offers several valuable features and customizable settings, including a convenient news filter and the ability to set maximum spread input. Users have the option to utilize default settings or experiment with their own, tailored to their individual trading preferences. While certain currency pairs are recommended, users can choose to trade their preferred currencies, with major pairs like EUR/USD often preferred due to their liquidity and, consequently, lower spreads.
The Night Hunter Pro EA can analyze charts within the MT4 platform to identify potential trading opportunities based on its embedded algorithm. Upon detecting a trade setup, it can execute and manage trades on behalf of the user. While this hands-off approach may appeal to those lacking time or trading expertise, it’s essential to consider important factors before employing any forex trading robot.
Firstly, there are no guarantees on results, and past performance does not necessarily predict future outcomes. Additionally, as a forex scalping robot aiming to capture small pip movements in each trade, factors such as the broker’s spread, commission, and potential slippage can significantly impact results.
For example, suppose the Night Hunter Pro EA aims for a 5-pip profit per trade, with a spread of 2 pips, commission of 2 pips, and 1 pip of slippage. In this scenario, the total cost incurred would be 5 pips, necessitating the expert advisor to achieve a 10-pip profit on that trade to offset expenses. However, it’s worth noting that the developer meticulously considered these factors during the development and testing phases to ensure optimal performance under diverse broker and market conditions.
Back Testing
Through over two decades of back-testing with authentic tick data and a myriad of variables, including different currency pairs, risk parameters, and lot sizes, the Night Hunter Pro EA demonstrates impressive versatility. With a modelling quality of 99%, indicative of the developer’s utilization of tick data alongside genuine variable spreads, its performance is commendable. However, the inclusion of the commission remains unclear, which could significantly influence the Night Hunter Pro EA results. Nonetheless, the extensive backtest portfolio of the Night Hunter Pro EA underscores its ability to adapt and deliver favourable outcomes across diverse market scenarios.
Conclusion
In conclusion, there are numerous favourable aspects to the Night Hunter Pro EA, evident from its thorough backtesting and the verified outcomes shared by its developer. While many forex scalping robots can be overly reliant on broker and market conditions, the Night Hunter Pro EA stands out for its notable stability among such systems.
You can acquire the Night Hunter Pro robot from the official or MQL websites. The disparity between these two platforms is minimal. Through MQL, each license allows for 10 VPS terminal activations, whereas purchasing from the website grants the flexibility to utilize the Night Hunter Pro expert advisor across 10 different accounts simultaneously without being restricted to a specific VPS.
If you’re considering trying it out, starting with a demo account is advisable. However, it’s important to recognize that demo trading conditions often differ significantly from those of real live accounts, as factors like spreads, slippage, and liquidity may vary. These elements can influence performance, not to mention the emotional aspect of trading, where there might be a temptation to interfere with the EA.
The Night Hunter Pro robot package includes comprehensive instructions, full support, regular updates, access to the Telegram channel, and a money-back guarantee. Notably, the developer is highly active and responsive, offering a significant advantage to users.
