Introduction
NightVision MT5 is a night scalping robot designed to operate during the closing hours of the American trading session. With a high user rating of 4.86 and several positive reviews, it has garnered attention in the trading community. But let's not get carried away by the numbers. Is it really as effective as it claims to be? Let's dive in and find out.Description of Features
NightVision MT5 employs a night scalping strategy, using Bollinger Bands to identify market equilibrium states for optimal entry and exit points. It supports a wide range of currency pairs, including GBPUSD, EURUSD, and USDJPY, among others. The robot includes risk management features such as stop-loss and take-profit levels for every trade, and allows users to specify the maximum number of open orders. It also offers a simple user interface for setting up and configuring the EA, making it accessible even for novice traders.Performance Analysis
The robot's performance over the last year has been generally positive, with consistent gains and minimal drawdowns. User reviews like those from Hydee and Rios Su highlight its good track record and continuous improvements. However, it's essential to remember that past performance is not a guarantee of future success. Market conditions can change, and even the best algorithms can face challenges. The detailed statistics are available on our website: NightVision MT5 Performance.Pros and Cons
- Pros:
- Easy to use with minimal settings.
- Effective in low-volatility environments.
- Supports multiple currency pairs.
- Good risk management features.
- Cons:
- Performance can vary during high-volatility periods.
- Requires an ECN account with low spreads and commissions for optimal results.
- Limited adaptability to different market conditions.
Conclusion
NightVision MT5 is a solid choice for traders looking for a night scalping strategy. Its ease of use and effective risk management features make it appealing, but it's not without its limitations. Traders should manage their expectations and be prepared to monitor and adjust the EA as needed. We encourage users to discuss this robot on our forum and share their results.Source Code of NightVision MT5
We do not have access to the original source code of the NightVision MT5 robot sold on MQL5. However, we have created a sample code based on its description available on the MQL5 website. If you have any questions about the code, feel free to ask. This example code is provided by easytradingforum.com and is based on the description of the robot sold on MQL5. Please note that the EASY Trading Team does not sell the NightVision MT5 robot; we only created a code based on its description.
Code:
You don't have permission to view the code content. Log in or register now.