Petko AleksandrovIntroduction
In today’s review, I want to discuss the Night Hunter Pro Expert Advisor, which has gained significant popularity on the MQL5 Marketplace. As someone who actively trades with various Expert Advisors, I’m considering adding this EA to my portfolio. Join me as I delve into the reasons behind my interest in the Night Hunter Pro and explore its unique features and positive reviews.
One of the Most-Rated EAs on MQL5
Night Hunter Pro holds a unique position on the MQL5 Marketplace; it’s currently one of the most-rated expert advisors available. That level of attention from traders tells you something.
High ratings don’t guarantee profits, of course. But they indicate active usage, ongoing testing, and presumably enough satisfied users to generate that volume of feedback. With 70 reviews accumulated, this EA has clearly caught traders’ attention in a crowded marketplace.
What makes this rating volume particularly meaningful? Many EAs on MQL5 have a handful of reviews, maybe 10-15 if they’re popular. Night Hunter Pro’s 70 reviews suggest sustained interest over time, not just initial hype followed by abandonment.
Diversifying My EA Portfolio
As followers of my channel know, I trade with many Expert Advisors on my live account. The main reason behind this approach is to diversify my portfolio and incorporate different trading systems. Considering the Night Hunter Pro, I am particularly drawn to its distinction from Grid and Martingale systems.
This Expert Advisor was developed by Valeria Michenko, who has previously created the Waka Waka and Golden Pickaxe EAs, both of which I have reviewed. I believe that adding a scalping strategy without Martingale elements will enhance the diversification of my portfolio.
Impressive Features and Compatibility
The Night Hunter Pro offers a range of notable features that caught my attention. Firstly, it supports multiple currency pairs, including GBPUSD, EURCHF, and CHF, among others. The recommended time frame for optimal performance is M5. Additionally, this EA is suitable for FTMO, which means I can potentially use it for Prop Firm challenges—an exciting prospect for expanding my trading opportunities. Moreover, the Night Hunter Pro is FIFO compatible, making it accessible to American traders who understand the significance of this feature.
Positive Reviews and Developer Engagement
A significant factor in my decision to consider the Night Hunter Pro is the abundance of positive reviews it has received. With 70 reviews and counting, this EA has garnered attention and generated a buzz among traders. Furthermore, the developer, Valeria Michenko, actively responds to some of the reviews, which demonstrates her commitment to user satisfaction and addressing any concerns or inquiries.
Navigating Negative Reviews
While the Night Hunter Pro boasts predominantly positive feedback, there are a few negative reviews worth noting. For instance, one user mentions the high price in relation to a losing trade. It’s important to keep in mind that losses are an inherent part of trading, even with expensive Expert Advisors. Evaluating the overall performance and considering the long-term results is crucial in assessing the effectiveness of any trading system.
Overview of Live Performance
In this section, we will delve into the live performance of this Expert Advisor. By examining the total profit percentages and annual returns, we can gain valuable insights into its potential.
Impressive Profit Percentages
Looking at the live performance of the Night Hunter Pro, we can see that the total profit stands at an impressive 216%. Breaking it down by year, we observe a 7.39% profit in the current year, 17% in 2022, 106% in 2021, and 20% in 2020. While the recent numbers show a decline, it is possible that the developer has adjusted the risk settings to mitigate potential losses. Nonetheless, a 17% profit for the previous year is satisfactory.
Balanced Approach with Minimal Drawdowns
A notable feature of the Night Hunter Pro is its balanced approach to trading. Moreover, the absence of a Martingale system means that losses are not masked or amplified through risky strategies. This is reflected in the balance and equity, which show no significant drawdowns. The EA’s risk management approach ensures a controlled and stable trading experience.
Verified Track Record on MyFXBook
To gain further confidence in the Night Hunter Pro, let’s examine its verified track record on MyFXBook. The main account started with an initial deposit of $285 and has since grown to a balance of $443. By reviewing the performance chart, we can see that the highest balance was achieved recently, around 10 days ago. This suggests that the EA has the potential to generate consistent profits.
Key Statistics and Profitability Analysis
When analyzing the track record, it is essential to consider key statistics. The Night Hunter Pro has accumulated a total of 1470 pips, indicating its ability to identify profitable trading opportunities. Additionally, the profit factor stands at a remarkable 187, which is calculated by dividing all profits by all losses. With a profit factor above 1, the Night Hunter Pro demonstrates a profitable trading strategy.
Profitability Analysis by Month
Examining the profitability by month provides valuable insights into the Night Hunter Pro’s performance history. In 2023, the EA achieved an average monthly return ranging from 1.5% to 2%. In 2022, there were three losing months, namely September and December, which resulted in approximately -3% losses. However, 2021 stands out as the most profitable year on the MQL5 platform, with no losing months reported.
Multiple Verified Live Trading Accounts
To further validate the Night Hunter Pro’s performance, we can explore the various verified live trading accounts associated with the developer, Valeria. By visiting her profile, we can observe a total of nine accounts utilizing the Night Hunter Pro EA. These accounts may employ different settings, but it is crucial to ensure consistency if you decide to trade with this Expert Advisor.
Why this matters:
Each account tests different risk parameters, lot sizing approaches, or currency pair combinations. The developer isn’t just running one “perfect” setup and showing those results. She’s demonstrating that Night Hunter Pro works across multiple configurations.
Think about what this reveals. If the EA only performed well with one specific set file in one specific market condition, you’d see one account. Nine accounts suggest robustness; the strategy adapts to various parameter choices without breaking.
The challenge for you:
With nine different setups producing results, how do you know which configuration to use? The vendor’s website offers set files and recommendations, but ultimately, you’ll need to match settings to your risk tolerance and account size.
I plan to start with the default recommended settings during my testing period, then perhaps experiment once I understand how the EA behaves.
Backtesting on MetaTrader 5
By backtesting, we can evaluate the EA’s performance using historical data and assess its potential profitability. Follow along as we guide you through the process step by step.
Accessing the Night Hunter Pro EA
Open MetaTrader 5. Navigate to the market section and search for Night Hunter Pro. Once you locate it, click on the demo version in the description to proceed
Setting Up the Backtest
The recommended time frame for Night Hunter Pro is M5. To begin the backtest, open a new chart window for EURUSD on the M5 time frame. Drag and drop the Night Hunter Pro EA onto the chart to reveal all the input settings.
Customizing Inputs and Settings
You will notice various input options, including the choice between fixed or dynamic lots, maximum risk per trade, maximum spread for market orders, and maximum drawdown protection. Additionally, there are time settings, strategy settings (including the option to hide stop loss and take profit), and news filters. These settings allow for customization and flexibility based on your preferences and risk tolerance.
Running the Backtest
Proceed to the testing section in MetaTrader 5 and select EURUSD for the M5 time frame. Choose the desired testing period, either from the beginning of the year or a specific range. Ensure that “Open prices only” is changed to “Every tick” for more accurate backtesting results. Click on the start button to initiate the backtest.
Analyzing the Results
During the backtest, you will observe the equity curve and drawdowns on the graph. Night Hunter Pro’s non-martingale system attributes the absence of significant drawdowns. The stable performance observed in the backtest aligns with the results shown on MyFXBook.
Free Trial and Live Testing
Now that you have seen the backtest results, you may be interested in trying Night Hunter Pro yourself. Luckily, Valeria offers a free 15-day trial on her website. Visit the website and download the EA to explore its performance on a demo or live account.
Where to Buy: MQL5 vs. Vendor Website
Here’s something worth knowing before purchasing. Night Hunter Pro costs approximately $200 less when bought directly from Valeria’s website compared to the MQL5 Marketplace price.
Same EA. Same license. Same support. Just $200 cheaper.
Why the price difference?
MQL5 takes a commission on marketplace sales. When you buy directly from the developer’s site, that commission disappears, and apparently, Valeria passes those savings to customers.
The vendor website also offers a 15-day free trial, allowing you to test before committing to either purchase option. Download it, run it on demo or small live accounts, and see if it matches your expectations.
Additionally, there’s a money-back guarantee period. Even after purchasing, you get time to test on a live account and request a refund if performance doesn’t meet your standards.
My Two-Week Testing Protocol
I don’t buy EAs impulsively, even when they look promising. Night Hunter Pro gets the same evaluation process I use for all potential additions to my portfolio.
Week 1: Demo account observation
- Small $1,000 demo account
- Default settings from the vendor
- M5 timeframe on recommended pairs
- Monitor trade frequency and drawdown behavior
- Check if backtest patterns match live execution
Week 2: Decision checkpoint
By the end of week two, I’ll know whether Night Hunter Pro fits my portfolio needs. Does it trade as frequently as expected? Do drawdowns stay manageable? Does it conflict with my other EAs or complement them?
If week two shows promise, I’ll purchase and move to a small live account, maybe $500-$1,000 initially. Test it with real money, real execution, real spreads. See if the demo performance translates.
Only after successful small live testing would I consider scaling up to a bigger account or using it for prop firm challenges. That’s the progression: demo → small live → scaled live or prop firm usage.
Perhaps this seems overly cautious. But I’ve added dozens of EAs to my portfolio over the years. The ones that survive long-term are the ones I tested thoroughly before committing significant capital.
Choosing a Reliable Broker for Algorithmic Trading
When using Night Hunter Pro or any other EA, it is crucial to select a reliable broker, especially for algorithmic trading. Consider using an ECN (Electronic Communication Network) account, as it provides low spreads and minimal slippage during rollover times. ECN accounts offered by some brokers are ideal for executing scalping strategies effectively.
ECN Account Options for Scalping
BlackBull Markets offers two ECN account types relevant for Night Hunter Pro:
ECN Standard Account:
- Spreads starting from 0.8 pips
- No commission charges
- Suitable for smaller accounts
- Good for initial testing with real money
Prime Account:
- Even lower spreads than Standard
- Commission-based structure
- Requires $2,000+ deposit minimum
- Better for larger accounts or serious scalping
For my testing, Standard makes more sense initially. No commissions means simpler cost calculation. Once I’m comfortable with Night Hunter Pro’s performance and ready to scale up past $2,000, the Prime account’s tighter spreads would offset the commission costs.
Remember Valeria’s requirement: “low Spread and slippage during rollover time, I advise using a really good ECN Broker.” ECN execution matters for scalping strategies. You need that direct market access and minimal slippage.
Conclusion: Backtest, Test, and Evaluate
In conclusion, Night Hunter Pro offers a promising scalping strategy that can be backtested on MetaTrader 5 to evaluate its performance. By following the steps outlined in this review, you can gain insights into the EA’s potential profitability.
Additionally, take advantage of the free 15-day trial offered by Valeria to test Night Hunter Pro on a demo or live account. Remember to choose a regulated broker with an ECN account to ensure optimal trading conditions. Take the opportunity to explore Night Hunter Pro and make informed decisions based on your backtest and trial:
For traders interested in deeper insights, Algo Trading Space offers a VIP Club that provides exclusive access to our complete trading results dashboard, priority support, and early intelligence on high-performing EAs before they become public knowledge. Members also get downloadable set files, access to our private Discord community, and our full course library.
Frequently Asked Questions
How many live accounts is Night Hunter Pro currently trading on?
Night Hunter Pro trades on nine verified live MyFXBook accounts managed by developer Valeria Mishchenko. Each account uses different configuration settings, testing various risk parameters, lot sizing methods, and currency pair combinations.
This multi-account approach demonstrates the EA’s adaptability across different setups rather than relying on one optimized configuration. Traders can review all nine accounts on Valeria’s MyFXBook profile to see how different settings perform under real market conditions.
Should I buy Night Hunter Pro from the MQL5 Marketplace or the vendor’s website?
Purchase from Valeria’s official website to save approximately $200 compared to the MQL5 Marketplace price. Both options provide identical EA functionality, licensing, and support; the price difference reflects MQL5’s marketplace commission.
The vendor website also offers a 15-day free trial and money-back guarantee period, allowing you to test before purchasing and request refunds if unsatisfied with performance. Download the trial version first to verify it meets your expectations before committing to either purchase option.
What’s the minimum account size recommended for Night Hunter Pro scalping?
Start with at least $1,000 for demo testing using default settings. For live trading, consider a $1,500-$2,000 minimum to handle the drawdowns typical of M5 scalping strategies.
BlackBull Markets’ ECN Standard account works well for accounts under $2,000 with spreads from 0.8 pips and no commissions. Accounts exceeding $2,000 benefit from upgrading to Prime accounts offering tighter spreads despite commission costs. The EA’s maximum drawdown protection feature helps prevent catastrophic losses regardless of account size.
