Waiting Night is a night scalping EA that trades multiple currencies from a single chart. Traders can modify the parameters like risk levels, lot size, and specific brokers according to their needs. It requires leverage of 1:500 and has a built-in news filter to avoid bad market conditions. Here we will analyze and review the key features, history records, features, and much more about this robot.
Waiting Night offers a free demo and can be bought for $399. The product has no money-back guarantee, which makes the investment a bit risky.
Vendor transparency
Marat Baiburin is the developer of Waiting Night and resides in Russia. The author’s profile shows he has a rating of 4403 based 23 overall rating for freelancing, market signals, and algorithms. Marat has sold 500+ products on MQL5.
Key features
Some of the most notable features of Waiting Night can be listed as:
- The EA trades on MT4/MT5 platforms.
- It allows trading for all symbols via one chart.
- The robot supports several currency pairs like USDJPY, EURCAD, EURCHF, EURUSD, etc.
- It uses pending orders to reduce slippage and requires a minimum deposit of $100 for 0.01.
- The robot is accompanied by stop loss and take profit features.
Waiting Night EA trading approach
The algorithm does not use martingale, averaging, and other risky methods for trading. It uses the TP/SL on each trade and can also implement limit orders. The average trade duration as per the statement of the author is 3-5 hours.
The history on MQL 5 shows that the EA uses a night scalping approach. It frequently places and cancels limit orders.
Backtesting results
The backtesting records are available from March 2003 to February 2022. The developer used variable spreads and a 99.9% modeling quality to produce the results. For this time, the robot generated a profit of $4183.95 while participating in 1040 trades and managed a win rate of 76.63%. The maximum portfolio drawdown stood at 1.15%, with a profit factor of 3.24.
Waiting Night EA live trading results
Trading performance is available from March 2022 until the current date. The algorithm has been trading for 31 days, earning a profit of $61 on an initial deposit of $100.
The portfolio’s current balance stands at $161.17 and the robot has a maximum drawdown value of 14.7%. It has participated in 69 trades so far, where it managed a win rate of 79.71%. The best trade was $7.15, and the worst was -$17.75. This difference points out that the EA can incur high losses while trading.
What are the risks with Waiting Night EA?
Trading with FX EAs is inherently dangerous, and investors should be cautious of market volatility. The following dangers are related to using Waiting Night:
- There are no user reviews on reputable third-party platforms such as Trustpilot and Forex Peace Army. Only the MQL 5 forum has reviews, with 34 comments giving it a rating of 4.85.
- The robot is only maintained by a single person. It does come under the monitoring of a team of professionals, which may result in bugs and a lack of EA stability.
Worth noting!
The vendor recommends using the algorithm on ECN or RAW accounts with an extended ping VPS. Due to the short live records, we have to wait and see how it will perform in the future to analyze its true performance.
What are the pros & cons of investing in Waiting Night EA?
| Pros | Cons |
| Support multiple currency pairs | The price is a bit high |
| No information on refund policy | |
| The vendor is not clear on his portfolio |
Waiting Night EA Conclusion
Waiting Night uses a night scalping strategy which is common among many algorithms in the financial marketplace. The algorithm comes with a short period of live records with no detailed strategy explanation. The author provides no information on a money-back guarantee.
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