NightVision EA is a trading solution that was published on January 31, 2021. There are 2 versions of the system that can be used on MT4 or MT5 terminals respectively. We are going to find out if the system fits our and traders’ expectations. 

NightVision EA: characteristics

The advisor has some details, setting a, and features explained. 

  • We can expect that the system will work automatically for us. 
  • The EA is designed to work on the MT4/5 terminal. 
  • The system scalps at night. 
  • “The EA uses a number of unique author’s developments that have been successfully tested on real trading accounts.”
  • We can work with it on Forex and on other financial instruments. 
  • The suggested broker is IC Markets. 
  • We should trade on an ECN account only. 
  • It doesn’t use Arbitrage, Grid, and Martingale strategies. 
  • The system works with SL and TP levels placed. 
  • It should be used by a broker with low commissions. 
  • The system can calculate lot sizes for us. 

Currency pairs, strategy & timeframe

  • The main strategy is scalping. 
  • We are allowed to trade GBPUSD, GBPCAD, USDCAD, GBPAUD, EURAUD, EURCAD, EURGBP, GBPCHF, EURUSD, USDCHF, NZDUSD, EURNZD, USDJPY, EURCHF, AUDJPY, and AUDNZD. 
  • There are no details revealed about time frames. 

NightVision EA trading performance

The presentation doesn’t include backtest reports. This looks suspicious. We don’t know details about how the system worked with the past data and what broker provided it. So, it would be hard to understand if the system was tested properly. 

NightVision EA live trading results.

The robot has verified trading results. It’s good for us. So, we are allowed to know how the system works here and now. There are charts and analyzed data shared. The advisor trades on a real USD account on an IC Markets account automatically. The leverage is 1:500. The platform was chosen as MT5. The account doesn’t have a verified track record badge. The account was created on November 22, 2020. Since then, the absolute gain has become 75.84%. An average monthly gain is 5.33%. The maximum drawdown was 21.81%. 

Trading activities of the robot.

The system traded 516 orders with 1404.9 pips. An average win is 8.52 pips when an average loss is -11.95 pips. The win rate is 72% for long and 68% for short trading positions. An average trade length is 13 hours 54 minutes. The profit factor is 1.40. 

Currency pairs the EA trades on.

The robot works for many cross pairs, but three of them brought no profits. The advisor trades USDJPY more often than other pairs – 76 orders. 

Trading risks.

It works with medium-high risks to the balance. 

Closed orders.

The advisor knows how to hide SL levels from the broker so as not to be hunted. 

Monthly trading activities.

Monthly gain shows that the system trades absolutely unpredictably. It’s hard to rely on this system. 

How much does it cost?

NightVision EA pricing.

We have a current price set at $489 after the last rising for $50. The system is twice overpriced. There are no subscription options available. We can download a robot for demo usage.

Reviews from customers

Customer testimonials.

There are several testimonials written about how good the system is but we can’t trust them blindly after checking trading results. 

Should you use NightVision EA?

ProsCons
Trading results shownNo risk advice given 
No money management advice provided 
No backtest reports shown
Horrible and unpredictable trading results
High pricing

Conclusion

NightVision EA is a medium-high risk scalper that works on a real account. Trading results show that the system can easily lose a month or even two. We can’t rely on a refund policy even if the price is that high. There’s a lack of testimonials that would claim that the system is good.