NightVision EA Review: Is It a Good EA to Buy In 2022?

NightVision EA is a fully-automated Forex expert advisor that works on both MT4 and MT5 trading platforms. According to the developer, this robot has some unique features that have been tested on live accounts with real money. It has an easy installation process and is able to trade in multiple currency pairs.

We are not able to collect too much information from the presentation on the MQL5 product page. There is a short introduction followed by a list of features and characteristics. We also have a couple of screenshots showing the trade setups.

The developer behind this system is Alexander Kalinkin, a resident of Russia. We have no background information on this person and it is unclear whether they work alone or as a part of a team. There is no official contact information for the developer, but there is a Telegram channel you can join if you are in need of assistance. This seller has another EA called Lucky Price Action.

The current price of this EA is $489, which is not exactly cheap compared to other robots on the market. There are three rental options for this system. You can rent it for 3-months, 6-months, and 1-year in exchange for $214, $299, and $349, respectively. If you wish to test the performance using virtual money, there is a free demo version available for download. Unfortunately, the vendor does not offer a money-back guarantee for this EA.

Key features 

This robot is compatible with pairs like GBPUSD, GBPCAD, USDCAD, GBPAUD, EURAUD, EURCAD, EURGBP, GBPCHF, EURUSD, USDCHF, NZDUSD, EURNZD, USDJPY, EURCHF, AUDJPY, and AUDNZD. It uses take profits and stop losses with each trade in order to protect your deposit. The EA does not use toxic trading methods like arbitrage, grid, and martingale. It is recommended that you use an ECN account with low spread and commission.

NightVision EA trading approach 

NightVision EA is a night scalper that is active during the closing of the American trading session. The vendor has not shared any other details about the trading strategy. We don’t know if the EA uses any indicators or how it identifies profitable trades.

Backtesting results 

We don’t have the backtesting results for this expert advisor. As such, we don’t know anything about the robot’s long-term performance. So, it is impossible to compare the historical results with the live statistics.

NightVision EA live trading results   

Here we have a live trading account on Myfxbook that was launched on November 22, 2020. After conducting 728 trades, the win rate currently stands at 68%. The daily and monthly gains are 0.06% and 1.75%, while the drawdown is 32.42%. Looking at the high drawdown, we can tell that the EA follows a risky trading strategy. 

The profit factor for this account is decent at 1.10. Here, we should mention that the vendor has chosen not to reveal some of the key parameters like balance, equity, profit, interest, deposits, and withdrawals. 

From the live trading history, we can see that the EA has lost most of its trades recently. Some of these losses have been quite large. The robot typically keeps its trades for several hours. 

What are the risks with NightVision EA?

There are several risks with this trading system. First of all, it suffers from a lack of vendor transparency. The EA uses a risky trading strategy that enhances the drawdown and leaves you open to heavy losses. Also, the vendor does not have a refund policy in place.

Worth noting!

There are no reviews for this EA on websites like Trustpilot, Forexpeacearmy, Quora, and Myfxbook. This indicates a lack of reputation. There are some reviews on MQL5, but we cannot consider them genuine.

What are the pros & cons of investing in NightVision EA?

As you can see, this EA has several shortcomings. We don’t know much about the vendor and there have been too many losses suffered in recent times.