NightVision EA Review: Things to Consider Before Investing

NightVision EA

NightVision EA uses unique methods to ensure better results. It is a fully automated system that works at the closing phase of the American trading session. It works on multiple currency pairs. As per the author, Alexander Kalinkin, the various innovative features in the scalping system enable successful testing on real trading accounts. The developer is based in Russia and has four years of experience in asset management and Forex products development. He has created 3 products and 2 signals in his portfolio. His other robots include Lucky Price Action.

The highlights of NightVision EA

The developer does not reveal much info on the features of this ATS. From the info available, here are some features that according to the developer set this FX robot apart in the market:

Low-risk strategy

As per the developer, the FX robot does not use dangerous or toxic methods like the Martingale, grid, and arbitrage strategies. The use of such methods carries a high risk of losing the entire account balance.

Drawdown control

To reduce the drawdown and increase the profits, the robot uses SL and TP for each trading position it enters. This helps to protect the deposit. Further, the developer recommends the use of ECN accounts that have low spread and commission.

Trading strategy of NightVision EA

This EA uses the night scalping approach. The developer does not elaborate on the strategy other than mentioning that it works at the ending part of the American session. He also mentions that the FX robot does not use risky methods like the Martingale, arbitrage, etc. The absence of strategy info makes it difficult to get an insight into the effectiveness of the EA.

Backtesting reports

No backtesting results are present for this FX robot on the MQL5 site. Backtests or tests based on historical data cannot predict the future performance of a system. However, they are used by traders to understand the strategy and its efficacy.

Trading results in real time

A real live USD account for this FX EA verified by the myfxbook site is present. Here are a few screenshots of the account using the leverage of 1:500 on the MT5 terminal:

Growth curve of NightVision EA on the Myfxbook site
Growth curve of NightVision EA on the Myfxbook site
Trading stats of NightVision EA on the Myfxbook site
Trading stats of NightVision EA on the Myfxbook site

From the above stats, we can see the account that started in November 2020, has generated a total profit of 25.59% and an absolute profit of 30.18%. The daily and monthly profits are 0.05% and 1.58% respectively. A drawdown of 35.08% is present for the account. Other info like the balance, equity, profit, deposits, etc. are hidden. Further, the growth curve shows too many ups and downs indicating a risky approach and poor performance. For a total of 759 trades, 68% profitability and a profit factor of 1.09 are present. The high drawdown and hidden data show that a risky approach is used that can endanger the account. This is further confirmed by the growth curve.

NightVision EA price

Pricing packages of NightVision EA on the MQL5 site
Pricing packages of NightVision EA on the MQL5 site

To purchase this FX robot, you need to pay $489. Rental packages are available that include a 3-month package costing $214, a 6-month package of $299, and an annual package costing $349. A free demo account is provided with the packages. The developer does not provide details on the features available with the package. There is no money-back guarantee present which makes us doubt the reliability of the system. When compared to the market average, the price of this FX robot is very expensive.

Customer support

For support a couple of options are present. You can contact the developer via the Telegram channel link provided on the MQL5 site or use the direct messaging feature on the site.

Are traders happy with NightVision EA?

Unfortunately, we could not find user feedback for this FX robot on trusted review sites like Forexpeacearmy, Trustpilot, etc.

NightVision EA

NightVision EA
2 5 0 1
NightVision EA uses the night scalping method for better results. The developer provides real trading results for the system. But the results have hidden data that makes us suspicious of the efficacy of the approach and the performance. Further, the drawdown is high indicating a risky approach. The expensive pricing and lack of a money-back guarantee are other shortcomings you should be aware of before you decide on using this system.
NightVision EA uses the night scalping method for better results. The developer provides real trading results for the system. But the results have hidden data that makes us suspicious of the efficacy of the approach and the performance. Further, the drawdown is high indicating a risky approach. The expensive pricing and lack of a money-back guarantee are other shortcomings you should be aware of before you decide on using this system.
2/5
Total Score
  • Profitability
    2/5 Bad
  • Strategy
    3/5 Neutral
  • Reliability
    2/5 Bad
  • Price
    2/5 Bad
  • Customer Testimonials
    1/5 Awfully

Advantages

  • It is a completely automated system
  • Verified trading results are present

Disadvantages

  • The strategy is not explained properly
  • Hidden data in real trading results
  • Pricing is expensive
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