Night Hawk is a trading meta advisor, designed to work on the MetaTrader 4 platform during the Asian session according to the CCI, Bollinger Bands indicators. This MT4 tool is optimized “by the Tick Data Suite for MetaTrader 4 software package with a variable spread and slippage imitation”. The developers of this automated trading software claim that Night Hawk robot’s testing quotes were provided by the Swiss broker Dukascopy with a quality of 99%.
Today in this Night Hawk review, we will have a closer look at this expert advisor and analyze its trading performance, risk factors, and price to decide whether this EA is a good choice for traders.
Is Night Hawk a Good Choice for Traders?
Night Hawk seems to be a good Forex EA, but there are a few questions on whether it is the best solution for traders. On evaluation, we have found some problems associated with Night Hawk, which prove that this robot is not the best choice for its price:
- Dangerous Martingale trading strategy
- Lack of user testimonials
- No information about the money-back guarantee
- No trial version
Night Hawk is an expert advisor designed to work on the MetaTrader4 platform. This EA trades every day, but the main signal for operating orders comes only during the Asian session. Daily trading without any restriction on the days of the week allows the system to “diversify the risk and avoid over-optimizing the trading system on historical data”.
The DaVinci FX Team points out the following benefits of Night Hawk:
- 100% automated Forex EA
- Compatible with any brokerage
- Built-in money management system
- Four-position exit filters Free updates
- Lifetime customer support
- Integrated MM system
The software goes in $ 199. Traders can purchase it via WebMoney, PayPal, or Yandex Money. The vendors offer a 30% discount on the purchase of 2nd and subsequent copies of the EA.
On the Night Hawk website, we have found that the system uses Martingale trading strategy. Every time we see expert advisors that use the Martingale trading approach, we tell our readers that they are dangerous and risky. However, the developers of Night Hawk tell us that their Martingale system includes “significant improvements and benefits that allow you to profit from market movements in the real interbank Forex market”. Let’s jump on the real trading results to see how the system works.
Verified Results from Myfxbook
We appreciate that the vendors share 2 trading results of his EA on their website. Well, let’s have a look and analyze their trading results.
1) Night Hawk (IC Markets)
This is a real trading account that is working on the MT4 platform with IC Markets brokerage. It was launched on December 20, 2018, and since that time it has obtained a gain of over 186% with a 41, 35% drawdown. Its absolute gain is 109%, with a daily gain of 0, 16%. The initial deposit was $999. During 1 year and 9 months of trading, the robot has generated $1691 of profit.
This EA is trading multiple currency pairs: AUDCAD, AUDNZD, EURCHF, EURGBP, EURSGD, EURUSD, GBPAUD, GBPCAD, and NZDCAD.
For approximately 2 years of trading, the system has traded 1358 trades and 8131.3 pips. It has won 1036 out of 1358 trades, which represents 76%. The average win is 24.07 pips, while the average loss is -52.20 pips. It means that its risk/reward ratio is 2:1. The profit factor is 1.75 and the average trade length is 2 days.
Its monthly gain chart has shown that the robot’s best trading results were in 2019 and ranged between 3% – 11%.
In 2020 the trading performance of Night Hawk is not as good as the one of 2019:
Here you may see that the average trading results ranged between 4%-5%. We have also noticed that there were losses in February -5, 28%, and September -0,12%. As a result, the robot has brought only $580 of profit for 9 months of trading.
2) Night Hawk EA (Roboforex)
This real USD cent account has been trading since May 05, 2019. It is trading with Roboforex brokerage and a 1:500 leverage. For over 1 year of trading, the account has obtained a 539,51% gain with an absolute gain of 538,78% and a drawdown of 17,10%. Its initial deposit was $1254. Now, the profit equals $6766,19 that is considerably better than the one of the previous robot that trades with IC Markets brokerage.
The robot trades AUDCAD, AUDNZD, EURCHF, GBPAUD, and GBPCHF currency pairs:
This EA has placed 391 trades and 2531.7 pips with an average win result of 21.59 pips and an average loss of -34.18 pips. The average trade length is 1 day and the profit factor is 2,31.
Its monthly gain chart is showing that the robot is not working as effectively as it used to trade in 2019, which means that either the system needs an update or that it is not effective anymore.
Nevertheless, we see that the robot is still trading and bringing a stable income.
Lack of User Testimonials
We have found no user review for Night Hawk EA. Client testimonials would have confirmed or nullified the claims that DaVinci FX Team made about their robot.
The developer of this MT4 robot is DaVinci FX Team. They tell us that their team consists of experienced professionals of their specialization. Each team member has its duties in the company: some of them are searching for ideas for developing trading algorithms, while others are writing codes in MQL and testing trading algorithms.
We appreciate that DaVinci FX Team provides us with detailed information about their main team members: Vitaly Nemykh (Lead Tester – Idea Generator) and Roman Starostin (Lead Software Developer), located in Russia. Each of them has big trading experience in the Forex marketplace. Therefore, we may assume that these people do know their business: