Night Hunter Pro is an advanced scalping system that is focused on long-term growth. It trades on multiple currency pairs and uses an M5 time frame for scanning the markets. The robot requires a hedging account which is quite suspicious as such systems can incur a high drawdown. We will go through each feature of the robot to see if it is profitable to be run on our live accounts.
How Night Hunter Pro works
The EA requires the following steps to work properly:
- Purchase it from the MQL 5 marketplace and download it on your MT4/5 platform
- Refresh the experts’ tab, and the robot will show up. Press on the auto trading button
- Place the algorithm on the charts to start trading
Vendor transparency
Valeriia Mishchenko is the developer of the product. Her details are present on the MQL 5 marketplace, showing that she has a total of 130 subscribers. There are four products from her, with 130 subscribers for her services. According to the MQL 5 website, she has no market experience.
Features
The EA has the following features:
- It does not need to be attached to multiple charts.
- The algorithm has a solid backtest.
- There is an automatic GMT detection in place.
- A negative swap filter is included in the product.
- The robot uses an advanced scalping strategy with limit orders.
Applied strategies
The developer states that the robot uses a scalping approach to trade the markets. It has sophisticated entry and exit algorithms and does not use martingale strategies. The algorithm trades on GBPUSD, EURUSD, EURCHF, USDCAD, USDCHF + CHFJPY, AUDCAD, EURCAD, EURAUD at the M5 time frame. We can see from the trading history at the MQL 5 marketplace that the system trades using limit orders with an average trade duration of 8 hours.
The developer does not provide us with complete backtesting records with a detailed statement. Only an image shows the relative drawdown, which was around 8.64%. The winning rate was 78.38%, with a profit factor of about 2.35. With an initial deposit of $100, the robot tanked an average profit of $1228.38 during this period. There were 3335 trades in total, with 6670 deals. The best trade was $16.53, while the worst one was -$13.06.
Night Hunter Pro trading results
On the live records, we have had the robot trading since October 27, 2020. The system made an average monthly gain of 3.44%, with a drawdown of 19.1%. The stated drawdown value gives us a poor risk-reward of 8:1.
The winning rate stood at 73.09%, with a profit factor of 2.13. The best trade was $5.51 while the worst was -$17.28. There were a total of 446 trades.
Pricing & refund
The robot can be purchased for $899, and there is no money-back guarantee. There are no renting options which is a poor practice. The license is available for a single account where the trader decides to log in.
Other notes
There are 24 reviews available at the MQL 5 marketplace, which gives the system a rating of 4.78. One of the traders states that the robot caused a margin call on the account on the first day of using it. He says that the backtesting is not the same as testing it on a real account.
