NightVision EA is an FX robot that works during the ending phase of the American trading session. It is a night scalper that is designed with several unique features created by Alexander Kalinkin, the author of this system. The developer claims this FX EA is compatible with all currency pairs and uses only a few settings with an easy installation process.
A live trading account verified by the myfxbook site is present for this ATS and the developer maintains that the EA does not use risky methods for trading. However, the results show a high drawdown and hidden data that makes us suspect this is not a trustworthy system. The product is also overpriced without a money-back guarantee. Our initial conclusion is that this system is not to be trusted.
Alexander Kalinkin is the developer of this FX EA. He is based in Russia and has 3 years of experience in the Forex trading industry. His expertise is listed as asset management and product development on the MQL5 site. He has created 3 products and 2 signals. For support, the developer provides a Telegram channel link and the messaging option on the MQL5 site. There is no further info on the developer. We find the info is insufficient and makes us suspect the reliability of the system.
How Night Vision EA works
Some of the important characteristics of this FX EA that makes it unique, as per the vendor, are:
- It does not use toxic methods for trading like the grid, Martingale, arbitrage, etc. which can lead to loss of entire capital.
- An SL and TP are used for every trade which helps to protect user capital.
A list of settings for the EA is provided by the developer that includes the supported pairs, fix lot, risk percentage, GMT offset, Trade Friday, and more.
Timeframe, currency pairs, deposit
It works on multiple currency pairs. The screenshot below shows the instruments it supports:
The vendor recommends using the EA on ECN accounts that have low spread and commission. He does not provide info on the recommended leverage and timeframe for this FX EA.
Besides mentioning the night scalping approach, the developer does not elaborate on the method. The lack of explanation makes us suspect this is not a reliable EA. Furthermore, the vendor does not provide backtests which further confirms the unreliability of the FX robot.
Pricing and refund
This trading tool is available for $489. A rental option that costs $80 per month is also present. The developer offers a free demo account. There is no info available on the features available with the package. We find the price is exorbitant when compared to similar night scalping systems in the market. Further, there is no refund offer available which makes us suspect the reliability of the EA.
A real USD account with trading privileges verified by the myfxbook site is shown here. The account uses the IC Markets broker and the leverage of 1:500 on the MT5 terminal.
From the above stats, we can see the account has generated a total profit of 77.85% and an absolute profit of 81.51%. The daily and monthly profits are 0.16% and 5% respectively. A drawdown of 21.81% is present. The high value shows that the approach used is risky.
We cannot gain further info on the trading as the values are hidden by the vendor. The hidden data raises a red flag for this EA. From the high drawdown and hidden values, it is clear that this system is not to be trusted. Further, the lack of backtests confirms the unreliability.
People say that NightVision EA is…
A good EA. As per the reviews on the MQL5 site, there are 3 reviews for this FX EA claiming that the system is good. But we are doubtful of the feedback as it is on the MQL5 site. There is a high chance of the reviews being manipulated since the site promotes this product.
|Fully automated software||No explanation is present for the approach used|
|Night scalping system||Hidden data in trading results shown unreliability of the EA|
NightVision EA Conclusion
NightVision EA claims to be a safe and reliable ATS. Our analysis of the characteristics, performance and other aspects shows this FX EA is not to be trusted. The hidden data and high drawdown in the trading results indicate a risky approach and unreliability. Further, the product is overpriced without a refund offer which confirms the unreliability of the FX robot.