Blazing Night Scalper assures better returns and lower risks with its night scalping approach. It does not use toxic methods like the Martingale and the grid approach. Scott Fredeman is the developer of this trading tool. He has 4 years of experience in developing FX EAs and has created 8 products and 8 signals. His other products include Midnight Blitz, Gratified Long-Term Day Trader, and Aggressive Grid Sniper. For support, the author provides a website address and the messaging option on the MQL5 site.
You can buy this FX robot for $299. A rental package is present which costs $149. As per the developer, the price will increase to $499. The developer also offers a free demo. There are no other details present on the features available with the package. No money-back-guarantee is present which makes us suspect the reliability of the product.
The significant features that make this FX robot competitive as per the developer are:
- It trades only during night-time and works on the AUDCAD, EURCAD, EURAUD, EURUSD, USDCAD, USDCHF, GBPUSD, and GBPAUD pairs.
- The ATS also works on other currency pairs and can work on a maximum of 20 currency pairs.
- It works best in a low spread condition.
- An SL reduction system is used to limit the losses and prevent a long floating loss
- The robot trades on the M5 timeframe.
- Recommended brokers include Vantage, ICMarkets, Tickmill, Pepperstone, Oanda Core Pricing account, and Fusion Markets.
There is no info on the recommended deposit and leverage. The author does not divulge further info on the settings to use with the EA.
Blazing Night Scalper trading approach
This FX EA uses the night scalping method. It works by looking for the lowest spread during nighttime and uses the recent highs and lows for identifying entry positions. As per the author, the EA does not use indicators. It uses its own logic to assess the trade entries.
The developer provides backtesting results for this FX EA. Here is one of the tests done with 100% real ticks from 2009 to 2021.
From the above stats, we can see the EA had generated a total net profit of $37,509,140.12 for an initial deposit of $1000. A total of 21020 trades were executed with a profitability of 90.21% and a profit factor of 1.48. The maximum drawdown is 4.55%. From the results, we can see that the drawdown is very low and the profits are high indicating good performance and effective strategy.
Blazing Night Scalper live trading results
A live signal for the FX EA is present on the MQL5 site. Here is a screenshot of the results:
From the above stats we can see the account that started in October 2021, shows 21% growth and a profit of $99.60 for an initial deposit of $500. A maximum drawdown of 4.7% and profitability of 83.2% are present for the account. A total of 238 trades have been executed with a monthly growth of 6.37%. While the drawdown is low as seen in the backtesting report, the profits are not very high in real-time trading. Further, the sample size is small to assess the performance properly.
What are the risks with Blazing Night Scalper?
From our evaluation of the various aspects of this scalping robot, here are the important influencing factors we identified:
- The developer does not provide a proper explanation of the approach used.
- From real trading results, the profits are not very high indicating a below-average performance.
- There is no money-back guarantee present.
Unfortunately, there are no user reviews for this FX EA on reputed third-party sites like FPA, Trustpilot, etc.
What are the pros & cons of investing in Blazing Night Scalper?
|A fully automated software||Vague explanation of the strategy|
|Backtests and real trading results present||Low profits in real trading|
|No refund policy|
Our analysis of the FX EA reveals that while the developer provides proof of performance with the backtests and real trading stats, there are some drawbacks that you should consider with care.
Blazing Night Scalper Conclusion
Blazing Night Scalper claims to provide minimal losses and high returns with its night scalping system. While the backtesting results prove the claims of the developer, real trading results show low profits but with a minimum drawdown. The lack of a proper strategy explanation, the expensive pricing, and the absence of a money-back guarantee are other downsides that can affect your buying decision.