Blazing Night Scalper is an FX Robot that uses the night scalping method for successful trading. This FX EA works on 10 currency pairs and can work on 20 currency pairs as per the developer. This MT5 tool works effectively with a low spread which is present during the night hours. The developer claims that the expert advisor does not use indicators and relies mainly on its proprietary algorithm for calculating the right entries.
Is this a reliable robot still good to go?
Scott Fredeman is the developer of this product. According to his MQL5 profile, he is based in the United States and has four years of experience. He has created 6 products and 5 signals. For any queries on the product or for support, the developer provides a telegram group link. The info provided for the FX EA on the MQL5 site is very minimal. From the details present here are the main features that the developer highlights for this ATS:
- It works on the following currency pairs: AUDCAD,CHFJPY,EURAUD,EURCAD,EURUSD,GBPAUD,GBPUSD,USDCHF,USDCAD, and USDJPY.
- As per the author, this EA uses a scalping method that works effectively in the presence of a low spread.
- It identifies the lowest spread during the night hours and calculates the entries from the recent lows and highs.
- The system uses an SL and TP for each entry and does not use high-risk methods like the Martingale or Grid system.
- An SL reduction system is present that will help in limiting the losses and also avoid a long floating loss.
How to start trading with Blazing Night Scalper
To use this FX EA, you need to buy it on the MQL5 site. The package costs $249 for an outright purchase. A rental option is present that costs $90 per month. You can also use the free demo offer present. The developer does not provide info about the features present in the package.
There is no money-back assurance which makes us suspect the reliability of the product. Further, the developer does not provide recommendations for the setting, balance, leverage, lot size, etc. The lack of pertinent info makes us suspect the system’s reliability.
Blazing Night Scalper backtests
A backtesting report done from 2009 up to 2021 is provided by the developer. The test result shown above used the Dukascopy Real Ticks. For an initial deposit of $1000, the system had gained $37,509,140. The profitability was 90.21% and the profit factor was 1.48.
A maximum drawdown of 4.55% was present for the account, which had executed 21020 trades. From the results, we can see the backtesting reveals high profits and a low drawdown. But it is a well-known fact that good results in the backtesting cannot predict a similar performance in real trading;
A live signal is present for this trading tool on the MQL5 site. A screenshot of the results is shown below:
From the above trading stats, we can see the account was started on September 28, 2021, and has completed 40 trading days with 23 trades executed per week. Growth of 51.49% is present and the profit for a deposit of $119.84 is $61.71. A maximum drawdown of 8.6% is present for the account and profitability is 92.2%. The profit factor is 7.15.
Comparing the results with the backtesting report shows a higher profit factor value than the backtest. The drawdown is higher than the value found in the backtest. While the profits are good, the small sample size is a drawback. Such a small sample cannot show the true performance of the system. Further, the growth is very high for such a short period indicating a high-risk approach.
For support, the developer does not offer a live chat feature or a phone number. There is no location address and other forms of support that help in easy and quick contact. The insufficient support methods make us suspect the reliability of the system.
We could not find user reviews for this system on reputed sites like FPA, Trustpilot, etc. The lack of reviews indicates this is not a popular system among the trading community.
- Fully automated software
- Live signal results
- A vague strategy explanation provided
- Small sample size
- No refund policy
Blazing Night Scalper is an MT5 tool that promises high returns and a low drawdown. Our evaluation of the system shows that this is not a reliable system. The vague strategy explanation, small sample size, the absence of a refund offer, and lack of user reviews are downsides that make this FX EA an unreliable product.
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