Waiting Night provides an innovative strategy that ensures flexible customization and profitable results. The FX EA is fully automated and works 24/7. You can make changes in the risk level and add customization for a particular broker. The author provides backtesting results and real trading stats for the FX EA. However, the pricing is expensive and there is no money-back policy. Further, the real trading results show a small sample size making the results random.
Marat Baiburin is the author of this FX EA. He is based in Russia and has one year of experience in developing FX trading tools. Marat has 3 products and 9 signals in his trading portfoliot. You can contact the author via Skype, the messaging option on the MQL5 site, and an email address. Lightness EA is his other product besides the MT4 and MT5 versions of Waiting Night.
How Waiting Night works
Some of the key features of the system that make it maintain an edge over its competitors as per the author are:
- The FX robot works on 12 currency pairs.
- You can use one chart to trade all the supported pairs.
- The FX EA uses pending orders to reduce slippage.
- No Martingale, averaging, and other toxic methods are used by the EA.
- It closes all transactions in 3 to 5 hours.
- No news filters are used but an integrated volatility filter is present that is optimized for every supported pair.
- The transactions are compliant with FIFO rules.
- Every transaction uses an SL and TP along with a limit on the transaction life.
Timeframe, currency pairs, deposit
This FX EA works on the USDCAD, USDCHF, USDJPY, EURCAD, EURCHF, EURUSD, EURGBP, EURAUD, GBPUSD, CHFJPY, AUDCAD, and AUDUSD pairs. A minimum deposit of $100 is recommended to trade the 12 pairs using a lot size of 0.01 lots.
This FX EA uses the night scalping approach. A flexible customization feature is present in the approach that this FX EA uses. The methods include the author’s indicator, price action, and a unique position tracking system. You will find the parameters are easy to understand and apply with a simple optimization done in 5 settings. You can use the default settings or make changes to the settings whenever you need. The approach includes money management methods like SL, TP, and transaction life limitation.
Pricing and refund
To use this FX EA, you need to pay $319 which is a discounted rate for the package with the original price being $449. The final price quote for the product is $2000. We could not find info on the features provided with the package. There is no money-back guarantee which makes us suspect the reliability of the system. When compared to the market average, we find the pricing is expensive.
Shown above is a backtesting result for the FX EA using a timeframe of 5minutes on the USDCAD pair. For an initial deposit of $10000, a total net profit of 728059 was generated with a drawdown of 0.59%. For a total of 2947 trades, the profitability was 80.25% and the profit factor was 3.90. From the results, it is clear that the system uses an effective approach.
Live trading results are present for the FX EA. Here is a screenshot of the real USD account for this EA using the ZeroMarkets broker.
From the stats, we can see the account shows 73.3% growth for an initial deposit of $100. A total of 73 trades have been completed since the account opened in May 2022. Profitability is 79.5% and the profit factor is 2.20. The maximum drawdown is 14.7%. Comparing the backtesting results with real trading results, we find the drawdown is low in the two results and the profits are high indicating a low-risk approach.
People say that Waiting Night is…
Good. From the 15 reviews found on the MQL5 site, we find that users are happy with the product giving it a rating of 4.83/5. However, since there are no reputed third-party reviews to back the feedback on the official site, we cannot consider them authentic.
|It is a fully automated software||Small sample size|
|Live trading results||No money-back guarantee|
Waiting Night Conclusion
Waiting Night is a night scalper using a combined approach to boost returns. The author gives backtesting and real trading results. While the drawdown is low and profits are appreciable, we found some disadvantages such as the small sample size, expensive pricing, and the absence of a money-back guarantee.