NightVision EA is a fully automated Forex expert advisor that works on multiple currency pairs. It was launched on 31st January 2021 and is currently available on the MQL5 website. According to the vendor, the system uses a number of unique developments that have been tested on live accounts.
On the MQL5 product page, the vendor briefly describes what the system is about before sharing links for live signals and recommended brokers. After that, we have a list of features and EA characteristics. The presentation is not very detailed and the vendor has not made the effort to provide the maximum possible information.
NightVision is a product from Alexander Kalinkin, a Russian developer. According to his MQL5 profile, he has 3 years of experience in developing EAs. There is virtually no information on this person, so we are not too impressed with a vendor transparency perspective. Apart from this EA, he has developed another robot called Lucky Price Action. There is no contact information available, except for a Telegram Channel.
Due to the lack of vendor transparency and the dearth of information about the system, our expectations from it are not too high. You can purchase it for $489, and honestly, we feel this is too much for a robot that has so many obvious defects. The vendor offers a demo version of the robot for testing purposes, but the fact that there is no money-back guarantee makes NightVision EA a high-risk investment.
|Currency Pairs||GBPUSD, GBPCAD, USDCAD, GBPAUD, EURAUD,EURCAD, EURGBP, GBPCHF, EURUSD, USDCHF, NZDUSD, EURNZD, USDJPY, EURCHF, AUDJPY, AUDNZD|
|Recommended Min. Deposit||N/A|
NightVision EA trades in 16 currency pairs, namely GBPUSD, GBPCAD, USDCAD, GBPAUD, EURAUD, EURCAD, EURGBP, GBPCHF, EURUSD, USDCHF, NZDUSD, EURNZD, USDJPY, EURCHF, AUDJPY, AUDNZD. Seasoned traders in the Forex market generally prefer robots that are specially built for trading in a handful of pairs. Unless you can tweak the EA settings, it might be difficult to adjust the system to new pairs.
For risk-management purposes, the EA uses take profits and stop losses for each trade. It avoids trading schemes like arbitrage, grid, and martingale. Instead, it uses a night scalping strategy during the end of the American trading session. Scalping is a strategy where there are a large number of trades placed on a daily basis. It can be quite high-paced and novice traders should stay away from it.
As per vendor recommendation, you should run this robot on ECN accounts having low commission and spread. You can modify certain parameters like the risk percentage, fixed lot size, amount of deposit used for each lot, maximum allowed number of open orders, and GMT offset.
Here we have the live trading results of NightVision EA on Myfxbook. This account has been active since November 22, 2020, and the EA has placed a total of 501 trades through it. Currently, it has a win rate of 70%. Here, we should mention that the owner of the account has chosen to hide some of the parameters like balance, equity, profit, interest, deposits, and withdrawals.
The daily and monthly gains for this account are 0.17% and 5.26% respectively, while the drawdown is 21.81%. Such a high drawdown is indicative of a high-risk strategy. Trading with this robot can drain your account quickly.
The vendor has not shared the backtesting results of NightVision EA. This comes as a disappointment since Forex traders often look for historical results to decide whether the robot is worth using in the live market. The lack of backtesting data might deter many of them from investing in this expert advisor.
We couldn’t find any user reviews for this robot on trusted third-party websites. Clearly, not many people are using it right now and it does not have much of a reputation. While there are a few reviews on the MQL5 page, we cannot take them into account for the purpose of the review.