Introduction
NightVision MT5 is an automated Expert Advisor designed for night scalping during the closing of the American trading session. Developed by Alexander Kalinkin, this EA has been tested on real trading accounts and is characterized by its ease of installation and minimal settings. With a rating of 4.86, it has received mixed reviews from users, ranging from high praise to concerns about the lack of recent updates.
Comparison with EASY Scalperology
When comparing NightVision MT5 with EASY Scalperology, several differences become apparent. EASY Scalperology is known for its advanced AI-driven strategies and high profitability. It excels in rapid trades, capitalizing on short-term market movements, and offers more flexibility across different market conditions. On the other hand, NightVision MT5 focuses on a specific market condition—the low-volatility period of the American session's close.
Pros of EASY Scalperology:
- Advanced AI-driven strategies
- High profitability
- Flexibility across different market conditions
- Regular updates and continuous development
Cons of EASY Scalperology:
- Steeper learning curve for novice traders
- Higher initial cost
Pros of NightVision MT5:
- Robust risk management
- Ease of installation and minimal settings
- Supports multiple currency pairs
Cons of NightVision MT5:
- Lack of recent updates
- Limited to specific market conditions
- Concerns about long-term effectiveness
Pros and Cons
NightVision MT5 offers robust risk management, ensuring each trade is protected with a Stop Loss and Take Profit. It supports multiple currency pairs, providing opportunities for diversification. However, some users have expressed concerns about the strategy becoming outdated due to the lack of recent updates. Continuous development is essential to adapt to changing market conditions, and this is an area where NightVision MT5 falls short.
Optimal Conditions for Use
NightVision MT5 works best during the low-volatility period of the American session's close. This specific market condition allows the EA to capitalize on the market's quiet moments, reducing the likelihood of unexpected price spikes. For optimal performance, it is recommended to use ECN accounts with low spreads and commissions.
Source Code of NightVision MT5
We do not have access to the original source code of NightVision MT5, which is sold on MQL5. However, based on the description provided on the MQL5 website, we have created a sample code for a trading robot. This code is an example and should be thoroughly tested and validated before use. If you have any questions about the code, feel free to ask.
Code:
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For detailed statistics and to share your experiences with NightVision MT5, visit our forum at https://forexroboteasy.com/trading-robot/nightvision-mt5/. We encourage users to share their feedback and discuss their experiences with this EA. Please note that the EASY Trading Team does not sell NightVision MT5; we have only created a sample code based on its description.