Night Hawk is a multifunctional robot that is fully automated and uses a built-in integrated money management system. The algorithm works with all brokers and comes with detailed backtesting and live records that we will use in our review to see how it performs in real market conditions.
The robot has the following features:
- The algorithm is fully automated.
- It comes with lifetime support and updates.
- There is a built-in money management system.
- The EA can work with all brokers.
How it works
The service will work if you follow the steps below:
- Purchase the system from the developers’ website
- Download it on the MT4 platform
- Enable the auto trading button and place it on the charts to start trading
Trading strategies and currency pairs
The developer states that the robot trades with all brokers and has a built-in money management system. There is no further information on the strategy that we could use to analyze its methodology.
To better understand the methodology, we go to the records on Myfxbook and see that the algorithm uses martingale and grid strategies. It trades on EURCHF and AUDNZD and has an average holding duration of 1 day. There is no fixed stop loss attached with trades.
Backtesting results are available for GBPCHF, where the relative drawdown was around 18.03%. The winning rate was 79%, with a profit factor of about 3.13. All the tests were done on the 15 minutes chart with a starting balance of $3000. The robot tanked an average profit of $10007.7 during this period. There were 1042 trades in total where the best trade was $807.94, while the worst one was -$200.03.
Night Hawk EA trading statistics
Verified trading records are available on Myfxbook that show performance from December 20, 2018, till the current date. The system made an average monthly gain of 3.65%, with a drawdown of 41.35%. The stated drawdown is high, showing us that the algorithm can cause a big loss on the account. The winning rate stood at 75%, with a profit factor of 1.62. The best trade was $95.73, while the worst was -$55.79. There were a total of 2150 trades. The developer made $3703.22 in deposits and $3836.22 in withdrawals.
Pricing and refund
Traders can purchase the service for an asking price of $275. There is no information present on the number of accounts the key is available for or if the money-back guarantee is at hand.
What else you should know about Night Hawk
Unfortunately, there are no customer reviews present on Forex Peace Army or TrustPilot that we could use to judge the system’s output based on the viewpoint of other traders.
The developer states that their team consists of traders specializing in MQL coding. All their robots are pretested on the VPS system. They present the names and email id of the developers but do not detail their whereabouts or certificates that could prove their statements. Customer support is said to be available for a lifetime.