NightForexBot EA initially trades at night.
Although it looks like a night scalping EA when it is doing well, it is actually a grid & martingale EA that trades very aggressively.
| Price | $295 |
| License | 1 account per license |
| Currency pair | USDCAD, AUDUSD,USDJPY |
| Terminal | MT4,MT5 |
| Money back guarantee | Money back guarantee available. However, this is limited to cases where a drawdown of 40% or more occurs despite operating according to the vendor’s recommended settings. |
NightForexBot EA live performance (forward test results)
Trades in two currency pairs, AUDUSD and USDJPY, are carried out in one account.
Note that the forward test shows a relatively large drawdown.
If you apply Martingale EA to two currency pairs in one account, the risk will simply double.
Also, although the profit curve is upward-sloping, there is a large discrepancy between the balance and equity.
This is because this EA executes grid & martingale trades in both buy and sell directions at the same time.
Trading strategy of NightForexBot EA
Points for first entry
The NightForexBot EA sales page states the following:
“The EA is based on a preference for night trading, with the aim of trading when the Market is calmer.”
This EA executes most first entries at 1:00 am trading server time (GMT+2/3).
In other words, the first entry is late at night.
This EA takes profit at 10 pips if the first trade goes well.
Judging only by the first entry and take profit, it is a night scalping EA.
Direction for first entry
The NightForexBot EA sales page states, “One of the tools (but not the only tool) used for trading analysis is the stochastic indicator. ”.
It is unclear how the stochastic indicator is used, but initially it enters in the direction of the trend.
In the long-span MT4 trading history chart below, you can see that this EA makes a sell entry in a downtrend and a buy entry in an uptrend.
■AUDUSD 4hour Chart White=Buy entry Red=Sell entry
Double-sided grid & martingale trade
In the MT4 trading history chart below, you can see how a buy position is opened at the same time while holding multiple sell positions.
■USDJPY 30 minutes Chart White=Buy entry Red=Sell entry
It also holds multiple buy positions even if it holds multiple sell positions, for example.
In the MT4 trading history chart below, you can see that we hold multiple buy and sell positions at the same time.
■AUDUSD 30 minutes Chart White=Buy entry Red=Sell entry
Sell trades and buy trades function completely independently.
In other words, the reality of NightForexBot EA is not a night scalping EA, but a two-sided grid & martingale EA.
reference:Martingale EA Risks and Benefits | Is it profitable?
Lot size increase rate
When opening an additional position, increase the lot size from the previous position.
The lot size increase rate is 1.5 times.
Below is an example of lot size increase rate.
| No | Open Date | Close Date | Symbol | Action | Units/Lots | Open Price | Close Price |
| 1 | 07/14/2023 01:00 | 11/03/2023 15:32 | AUDUSD | Buy | 0.07 | 0.68885 | 0.64864 |
| 2 | 07/17/2023 15:46 | 11/03/2023 15:32 | AUDUSD | Buy | 0.1 | 0.68002 | 0.64864 |
| 3 | 07/27/2023 21:27 | 11/03/2023 15:32 | AUDUSD | Buy | 0.15 | 0.67124 | 0.64864 |
| 4 | 08/01/2023 15:11 | 11/03/2023 15:32 | AUDUSD | Buy | 0.22 | 0.66237 | 0.64864 |
| 5 | 08/08/2023 08:51 | 11/03/2023 15:32 | AUDUSD | Buy | 0.33 | 0.65354 | 0.64864 |
| 6 | 08/16/2023 22:16 | 11/03/2023 15:32 | AUDUSD | Buy | 0.49 | 0.64169 | 0.64864 |
| 7 | 10/03/2023 14:11 | 11/03/2023 15:32 | AUDUSD | Buy | 0.73 | 0.62985 | 0.64864 |
The lot size increases from the previous position by approximately 1.5 times.
Run different grids & martingales in the same direction
NightForexBot EA may execute grid & martingale trades with different logics in the same direction at the same time.
For example, while executing a grid and martingale trade in the buy direction, execute another grid and martingale trade in the buy direction.
In the MT4 trading history chart below, you can see how a large pips width and a small pips width grid & martingale are executed at the same time.
■AUDUSD 30 minutes Chart White=Buy entry Red=Sell entry
This method is very risky as it involves a large number of positions in the same direction.
Backtest results of NightForexBot EA
■AUDUSD_Aggressive
| Test start | 2016/1/4～ |
| Test end | 2023/02/18 |
| Operation period | 85months |
| Initial deposit | 10,000 |
| Operational lot size | Adjusted by balance |
| Final balance | 2,186,352 |
| Total net profit | 2,176,352 |
| Rate of return (overall) | 21863.5% |
| Monthly rate of return (compound interest) | 6.5% |
| Monthly rate of return (simple interest) | – |
| Relative drawdown | 93.6% |
| Maximum drawdown (amount) | 624,914 |
| Profit factor | 1.94 |
| Winning rate | 79.3% |
| Total trades | 1818 |
■USDJPY_Aggressive
| Test start | 2016/1/4～ |
| Test end | 2023/03/25 |
| Operation period | 86months |
| Initial deposit | 10,000 |
| Operational lot size | Adjusted by balance |
| Final balance | 4,481,012 |
| Total net profit | 4,471,012 |
| Rate of return (overall) | 44810.1% |
| Monthly rate of return (compound interest) | 7.4% |
| Monthly rate of return (simple interest) | – |
| Relative drawdown | 93.8% |
| Maximum drawdown (amount) | 114,897 |
| Profit factor | 2.30 |
| Winning rate | 76.3% |
| Total trades | 2741 |
The backtest results of NightForexBot EA depict a very beautiful profit curve.
But note that the relative drawdown in aggressive mode is over 90%.
Also, the backtest period is approximately 7 years (approximately 86 months), which cannot be considered a long-term backtest.
Long-term backtesting may not yield good results.
Vendor of NightForexBot EA
NightForexBot EA is sold by the same vendor as his FXSTABILIZER, Forex Truck, etc.
The basic strategy of the EA they sell is a combination of grid trading and martingale.
NightForexBot EA trades very aggressively among the EAs they sell. The rate of return is higher, but it also comes with higher risks.
Conclusion of NightForexBot EA
NightForexBot EA, as its name suggests, initially trades like a night scalping EA.
However, if the price moves unfavorably from the initial position, it will change to a very aggressive grid and martingale EA.
The feature of this EA is that it performs grid and martingale trades on both the buy and sell sides at the same time.
Additionally, perform multiple grid & martingale trades with different pips widths in the same direction.
This means that this EA holds a large number of positions at the same time.
The higher the trading frequency, the higher the profitability, but the higher the risk.
Vendors recommend installing and operating such extremely high-risk EAs on multiple currency pairs in one account. This is insane.
Operating multiple currency pairs at the same time doubles the profitability, but also doubles the risk.
This EA has the potential to make big profits in a short period of time, but at the same time there is a risk that your account balance will drop to 0 in an instant.
Please understand this risk before purchasing and using it.
