Blazing Night Scalper is a Forex expert advisor that is compatible with 10 different currency pairs. It was launched on 1st October 2021, so it is a brand new system with very little experience. We are naturally skeptical about new Forex EAs, and this makes it necessary for us to conduct a detailed analysis of its various performance aspects.
Blazing Night Scalper: to trust or not to trust?
The presentation on the MQL5 product page does not give us a clear idea regarding how the system functions. The vendor has shared a video showing how to load the EA on trading charts, along with backtesting results. However, they have only shared the unverified trading results. Also, there is a clear lack of vendor transparency and reputation that makes us wary about investing in this system.
Features
Blazing Night Scalper is a fully automated trading system that you can purchase for $249. There is a monthly rental option that costs $90 and the vendor also offers a free demo version of the system. Unfortunately, there is no money-back guarantee for this expert advisor.
It is a night scalping system that is designed to work with low spread. During the night hours, it looks for the lowest spread and locates the entry points on the basis of recent highs and lows. Instead of using indicators, it uses its own logic for calculating the entry. However, the vendor has not specified the exact logic used by this robot.
Blazing Night Scalper does not use grid or martingale systems. It has a stop loss reduction feature that lets you exit a trade early in an attempt to minimize losses. Again, we don’t exactly know how this feature works so we cannot judge its effectiveness. Scalping is a high-frequency strategy that can be quite stressful for beginners. Due to the large number of trades placed daily, you need to constantly monitor your trading positions.
This EA is compatible with currency pairs like AUDCAD, CHFJPY, EURAUD, EURCAD, EURUSD, GBPAUD, GBPUSD, USDCHF, USDCAD, and USDJPY. You can use it on M5 charts. The vendor recommends signing up with brokers like Oanda, Tickmill, Pepperstone, Vantage, ICMarkets.
Unverified trading results
There are no verified trading accounts for this EA on third-party websites like Myfxbook, FXBlue, or FXStat. The vendor has shared the results on MQL5, but we cannot accurately gauge the robot’s profitability based on these. Here, the EA has a short trading history of 36 days during which it has conducted 181 trades.
The win rate for this account currently stands at 91.16%. It has generated a total profit of only $41.46. The profit factor and maximum drawdown are 1.85 and 8.6%, respectively.
Between 2009 and 2021, the EA placed 21025 trades for this historical test using 100% real tick data. It had a win rate of 90.4% and managed to make a total profit of 34798.1 Pips. The daily and monthly average profits were $8433.86 and $243038.56, respectively. Blazing Night Scalper had a high drawdown of 26.79% for this backtest, which is an indicator of a high-risk strategy.
Vendor transparency
Blazing Night Scalper is a product from Scott Fredeman, a developer based in the United States. Apart from MQL5, he also sells his products on his official website Destroytheodds.com. We don’t know anything about this person’s trading history, but his MQL5 profile tells us that he has 4 years of experience. While there is a private Telegram group hosted by the developer, there is no official contact information.
Other systems developed by this person include Midnight Blitz, Aggressive Grid Sniper, and EA Monster Multiple Strategies. Due to the lack of information about the vendor, we are a bit wary about investing in this scalping bot.
Customer reviews
We could not find any customer reviews for Blazing Night Scalper on websites like Myfxbook, Quora, Trustpilot, and Forexpeacearmy. It is not surprising that traders don’t feel confident about investing in a system that was launched only recently. While there are a few reviews posted on the MQL5 product page, we don’t think they are genuine, since the vendor had the opportunity to manipulate them.