NightVision EA Review: Does It Win or Lose?

NightVision EA

NightVision EA is a trading solution that was released half a year ago on MQL5. Since January 31, it has got seven activations and 544 demo downloads. The developer is Alexander Kalinkin. The last update is 6.5, and it was published on 23 May 2021. Let’s analyze the efficacy of this trading tool to decide whether it is a worthwhile investment decision in 2021.

What is NightVision EA?

It’s a common night scalper that tries to make some profits executing orders at night. 

Official NightVision EA website

There’s no website behind it. Everything we have is the page on the MQL5 forum. There is not so much intel about the system provided. 

How can we use NightVision EA?

We don’t have much info to share with you. We had to come up with the intel they didn’t provide:

  • The system knows how to trade automatically for us. 
  • It works on the MT5 terminal. 
  • It uses a scalping strategy. 
  • Most orders are opened at night. 
  • “The EA uses a number of unique author’s developments that have been successfully tested on real trading accounts.”
  • It can be used on various trading instruments. 
  • We are allowed to copy signals from the system. 
  • IC Markets is a suggested broker. 
  • The system should be run on an ECN account. 
  • It doesn’t use dangerous strategies like Arbitrage, Grid, and Martingale. 
  • It places SL and TP levels to cover every open order. 
  • The following pairs are allowed for trading GBPUSD, GBPCAD, USDCAD, GBPAUD, EURAUD, EURCAD, EURGBP, GBPCHF, EURUSD, USDCHF, NZDUSD, EURNZD, USDJPY, EURCHF, AUDJPY, and AUDNZD. 
  • We have to use low commission brokers. 
  • It can work with fixed or dynamic lot sizes. 
  • That’s it. Not so much, right?

Pricing & refund

NightVision EA pricing
NightVision EA pricing

The robot can be bought only for $449 for a copy. We can subscribe to the system because no options are provided. We are free to check the system by downloading a demo copy. 

Trading strategy

  • The robot runs a scalping strategy. 
  • It works with 16 pairs. 
  • We don’t know the time frame the system works with. 

Trading results

We have no backtest reports provided. It means we’re not allowed to know how the system works with the past data and what results it could manage to achieve. 

NightVision EA trading results
NightVision EA trading results

The advisor has been working on a real account on IC Markets automatically with 1:500 leverage. The platform was chosen – MT5. The track record is not verified. We cannot trust this data that it’s correct. The account was created on November 22, 2020. We don’t know the size of the deposit because of a lack of transparency. Since then, the absolute gain has become 67.07%. An average monthly gain is 5.98%. The maximum drawdown is 21.81%. 

NightVision EA trading activities
NightVision EA trading activities

There were 433 orders with 1133 pips traded. An average win is 8.93 pips when an average loss is -12.94 pips. The win rate for longs is 71% and 70% for shorts. An average trade length is 13 hours and 32 minutes. The profit factor is 1.40. 

NightVision EA trading pairs
NightVision EA trading pairs

EURGBP with 48 orders is the most frequently traded symbol. Many symbols have lost directions. 

NightVision EA daily activities
NightVision EA daily activities

Most orders are opened at night. 

NightVision EA daily trading activities
NightVision EA daily trading activities

Monday is the day that is much ahead in trading. 

NightVision EA risks
NightVision EA risks

The system works with huge risks to the balance. 

NightVision EA closed orders
NightVision EA closed orders

The system hides Stop Loss levels from a broker. There’s a trailing take profit feature. 

NightVision EA monthly trading activities
NightVision EA monthly trading activities

The robot has wild past trading results. It’s so risky to use it. 

What are the real customers saying about NightVision EA?

NightVision EA testimonials
NightVision EA testimonials

We have several testimonials about how it’s good. We’d like not to trust them blindly. 

Other notes

NightVision EA developer’s profile
NightVision EA developer’s profile

We have another developer from Russia with a 2793 rate. The products have a 4.1 rate based on 58 reviews. 

Summary: is NightVision a trustworthy EA?

NightVision
2 5 0 1
NightVision EA acts like a night scalper that makes short-term profits on many currency pairs. The presentation doesn’t include backtest reports. The same we may tell about trading results because data is not verified. The system is at least twice overpriced. We have neither rental options nor a money-back guarantee.
NightVision EA acts like a night scalper that makes short-term profits on many currency pairs. The presentation doesn’t include backtest reports. The same we may tell about trading results because data is not verified. The system is at least twice overpriced. We have neither rental options nor a money-back guarantee.
2.0 rating
2/5
Total Score
  • Strategy
    2.0 rating
    2/5 Bad
  • Features
    2.0 rating
    2/5 Bad
  • Trading Results
    2.0 rating
    2/5 Bad
  • Reliability
    2.0 rating
    2/5 Bad
  • Pricing
    2.0 rating
    2/5 Bad

Like

  • Real account trading results shared

Dislike

  • No risk advice given
  • No settings explanations provided
  • No backtest reports provided
  • Horrible trading results
  • No people’s testimonials published
  • No rental options provided
Total
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