Night Hunter Pro uses an advanced method of scalping that includes algorithms for smart entries and exits along with advanced filters. As per the developer Valeriia Mishchenko, this FX EA is designed to generate consistent growth in the long term. This fully automated MT5 tool was published in June 2021 and is in version 5.52 now. The author states that this FX robot does not use dangerous methods like the Martingale method. It works on 9 major currency pairs. The author is based in Russia and has developed 6 products and 18 signals. Other products of the developer include News Catcher Pro and Waka Waka.
Some of the key features of this FX robot that make it competitive as per the developer are:
- You need only a single chart setup for trading all currency pair.s
- It works on the GBPUSD, EURCHF, EURUSD, USDCHF, USDCAD, CHFJPY, EURCAD, EURAUD, and AUDCAD pairs.
- The M5 timeframe is recommended for this FX EA.
- It is FIFO and FTMO compatible.
- The expert advisor uses an advanced news filter.
- It can automatically detect GMT.
- It uses a negative swap filter.
Trading strategies and currency pairs
As per the developer, the FX robot uses an advanced scalping method, pending orders for entry, and an SL for every order. The EA uses a rule-based method with good risk control ensuring maximum returns. To get the best results, the author recommends the use of a hedging account, ECN broker, or a broker with low spread and slippage. It needs to be run continuously on a VPS. A backtesting image is present on the MQL5 site as shown below:
From the above image, it is clear that the backtest was done from 2005 to 2021 with an initial deposit of $100 and using fixed lots. We could not find further info on the test as the developer fails to provide a detailed strategy tester report.
Night Hunter Pro trading statistics
A live real USD account using the Tickmill broker and verified by the myfxbook site is present for the FX robot. Here are screenshots of the results for the account using the leverage of 1:500 on the MT4 terminal.
From the above images, we see a total profit of 27.34% is present with a daily profit of 0.08% and a monthly profit of 2.52%. A drawdown of 5.83% is present for the account. For an initial deposit of $600, the EA has generated a profit of $165.63. From the growth curve, we see the system shows slow growth for the major part of the account with a sudden spike in February followed by a consistent profit. The data reveals the approach is risky and that the risk control is not sufficient. For a total of 479 trades, the profitability is 75% and the profit factor is 1.78. From the trading history, we can see a lot size of 0.01 is used. Although the drawdown and lot size are small indicating low risk, the profits are not high revealing an inefficient approach.
Pricing and refund
To purchase this FX robot, you need to shell out $1199. A free demo account is present. There are no other details on the package like the features included and the presence of a refund policy. When compared to other competitor systems in the market, we find the pricing of this EA is exorbitant. Further, the lack of a refund offer makes us doubt the reliability of the product.
What else you should know about Night Hunter Pro
Unfortunately, we cannot find user reviews for the FX robot on trusted review sites like Forexpeacearmy, Trustpilot, etc. The MQL5 site has 35 reviews for this FX EA with a rating of 3.86/5. However, since the site promotes the product, there is a high chance of the reviews being manipulated. So, we do not consider the reviews.
For support, the developer provides a Telegram channel link and the messaging option on the MQL5 site.