Night Hunter Pro is an MT5 compatible FX robot that claims to have a live track record of stable profits and low drawdown. This FX EA uses a scalping system with smart algorithms for entries and exits. As per the developer, this system uses advanced filtering methods for spotting safe entries and the approach is aimed at long-term consistent growth.
Valeriia Mishchenko is the person standing behind this EA. She is from Russia and has developed 4 products including this FX EA and 14 signals. The developer can be contacted via the private message board on the MQL5 site and through the Telegram group.
Night Hunter Pro strategies and tests
This MT5 tool is claimed to be a result of many years of development and updates by the developer. It does not use risk-free Martingale or other such approaches. Instead, it uses a rule-based strategy that ensures maximum returns without increasing the risk.
The main currency pairs this FX EA works on are GBPUSD, EURUSD, EURCHF, USDCAD, USDCHF + CHFJPY, AUDCAD, EURCAD, and EURAUD. The default currency pair is the EURUSD. A timeframe of 5 minutes is recommended by the developer. The FX robot is FTMO compatible and enters trades using pending orders and SL is present for each trade.
Some of the features the developer lists for this EA include an advanced news filter, automatic GMT detection, negative swap filter, self-diagnostic system, and multiple currency pairs support. Backtests done with Tick Data Suite are present on the MQL5 site. Here is a backtest that was done for a portfolio of 5 pairs using IC Markets broker and real tick data from 2015 up 2021.
From the results, we can see that the testing was done with 100% modeling quality. For an initial deposit of $100, the account had generated a total profit of 705 and a profit factor of 2.35. The drawdown was 10.45 for a total of 3335 trades with profit trades making up 78.38% of the trades. From the backtesting results, we can see that the profits are not high despite the claims of high returns by the developer.
Night Hunter Pro live trading account review
Here is a real USD account of this FX EA verified by the myfxbook site. It uses Valutrades broker and an automated trading style with the leverage of 1:500 on the MT5 platform.
From the trading stats, we can see the system has generated a total profit of 2.13% and an absolute profit of 2.13%. The daily and monthly profits are 0.02% and 0.74% respectively. A drawdown of 1.18% is present for the account. For a deposit of $5000, the account has generated a profit of $106.48for the trading period starting from June 2021 up to the present. The profit is very low indicating an ineffective trading approach. The low profits corroborate our analysis of the backtesting results. The profit factor value is 1.56 and the total number of trades executed is 329. A lot size of 0.04 is used for the account.
This EA costs $699 and the quoted price is for the last three of the 10 copies available at the rate. The rest of the copies will be sold at $799. We could not find a money-back guarantee for this product which makes us suspect its reliability. Furthermore, compared to the price of similar scalping systems in the market, the cost is exorbitant and not worth it.
Is Night Hunter Pro robot a scam?
Our assessment of the various aspects of this MT5 tool reveals that this is a scam. The developer assures stable profits and a low drawdown. From the backtests and the real trading info, we find that the profits are very low making the claims of the developer false. Furthermore, when compared to the existing expert advisors in the market this product is grossly overpriced.
We could not find user reviews for this FX EA on reputed sites like Forexpeacearmy, Trustpilot, etc. While the MQL5 site has a few reviews, the chances of the feedback being manipulated are high. The lack of user testimonials indicates this is not a popular product.