Introduction
In this article, we shall provide an unbiased review about a trading robot known as Night Owl. This robot has received mixed reviews from its users and a rating of 3.5. We shall also compare it to one of our reliable EASY trading robots and will highlight the reasons why our EASY series robot performs significantly better.Comparison with EASY Robot
When compared to our EASY Breakopedia, Night Owl seems to be lagging in several aspects. EASY Breakopedia delivers more consistent profits, even during volatile market conditions, while Night Owl's performance is inconsistent as evident from the users' reviews. Performance stability is an essential factor for long-term profitability and in this respect, EASY Breakopedia undoubtedly stands out.Pros and Cons
Night Owl- Pros: Performs well on live backtests and has the potential to deliver profits.
- Cons: Inconsistent performance, higher losses than profits, and inability to control big losses.
- Pros: Consistent profitable performance, stability in all market conditions, and excellent customer support.
- Cons: Requires careful risk management when leveraging for higher profits.
Optimal Usage Conditions
Based on user reviews, Night Owl performs best when backtesting on live accounts, suggesting that it may deliver profits under the right market conditions. Create a suitable risk management strategy to contain any potential losses.Source Code of Night Owl
Unfortunately, we don't have the actual source code of the Night Owl bot being sold on MQL5. However, based on the description from the MQL5 site, we can create a code. If you have any queries regarding the code, feel free to ask. Bear in mind that this code example from easytradingforum.com is based on Night Owl's description as sold on MQL5. The EASY Trading Team does not sell Night Owl; we merely created a trading bot code based on its description.
Code:
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