Night Forex Bot EA is an automated Forex trading system that trades using the three currency pairs on two of its real live trading account. Live trading on both “NightForexBot USDCAD” and “NightForexBot AUDUSD, USDJPY” accounts of the robot began on the 2nd of August 2022, with an initial deposit of $2000.

Throughout its trading journey, the system has demonstrated remarkable growth, increasing its Myfxbook accounts by an impressive +234.47% on the USDCAD account and +329.67% on the the AUDUSD_USDJPY account. Achieving a maximum monthly compound return of 13.24% and 16.24% respectively and a maximum floating drawdown level of 17.16% and 35.84%, it exhibits good potential for generating substantial profits in the Forex market.

The performance exhibited by the Night Forex Bot EA on real live accounts allows us to draw certain conclusions regarding its future potential. Over the span of 10 months, it has achieved an impressive cumulative gain of 234.47% on the USDCAD account, accompanied by a maximum fixed drawdown level of 13.24%. These statistics suggest an average profit-to-drawdown ratio of approximately 1:1.

Over the course of 10 months, the cumulative gain of this EA on the AUDUSD/USDJPY account has reached even more impressive result of 329.67%. In conjunction with this, the maximum fixed drawdown level has been recorded at 35.84%. These results indicate that the average profit-to-drawdown ratio level is almost 0.9:1. These nembes are quite close to the results of the USDCAD account, which means that the system performs stably on all available currency pairs.

As we can see, the Night Forex Bot EA has consistently and effectively demonstrated its prowess over an extended period of time, showcasing cumulative gains of 234.47% and 329.67%, together with maximum fixed drawdown levels of 13.24% and 35.84%. These achievements serve as a clear testament to the EA’s ability to generate profits consistently. However, it is important to bear in mind that past performance does not guarantee future results. While these results may not claim the top spot among trading robots on ForexStore, they undeniably stand out and establish the Night Forex Bot EA as a viable option for traders seeking to maximize profitability while minimizing risks. It is important to note that these results have been achieved through the usage of real live accounts, as opposed to simulations or backtesting.

In this trading analysis we will be focussing on the live trading of the Night Forex Bot EA on the USDCAD account, as the system trades quite similar on both account and so there is no need to analyze all of them separately.

Upon closely examining the live performance graphs of the Night Forex Bot EA, it becomes clear that the system uses a trading strategy known as grid Martingale. This strategy involves increasing the trade size for the next trade after experiencing a loss in a specific currency pair. The Night Forex Bot EA repeats this process up to 5 times during live trading in an attempt to recover from previous losing trades.

Interestingly, the system does not use lot-size multiplication for the winning trades and also does not group those trades as grids, having them as separate winning trades. This indicates that the Martingale pattern is used solely for the recovery process after a losing trade. By refraining from multiplying the lot size for winning trades, the system reduces the potential risk of incurring larger losses in the event of a prolonged losing streak.

As shown in the previous screenshot, the initial lot size for the trades on the USDCAD account is 0.10. And the pips taken in each trade usually 15.0. These number are different on the other account, but hte idea is the same. This means that the system has a pre-set default settings for the initial trades.

As shown in the previous screenshot, the initial lot size for the trades on the USDCAD account is 0.10. And the pips taken in each trade usually 15.0. These number are different on the other account, but hte idea is the same. This means that the system has a pre-set default settings for the initial trades.

Also, it is obvious if look closely on the trading history of the robot that it does not use compound interest through the time, because the initial lot size have not been changed since the very beginning of live trading of the Night Forex Bot.

In the past 10 months since its inception, the Night Forex Bot EA has executed a total of 380 trades. On average, this translates to approximately 38 trades per month, equivalent to at least 1 trade per day. Moreover, the system’s performance is noteworthy, having a win-loss ratio of 74% to 26%. This shows that the Night Forex Bot EA has demonstrated a higher frequency of successful trades compared to unsuccessful ones, underscoring its capability to generate profits.

The trading activities of the Night Forex Bot EA frequently cover time range from 20 minutes to 1 day, showcasing its flexibility in responding to dynamic market conditions. However, the average duration of trades typically falls within the range of 1 hour to 5 days, highlighting the system’s adeptness at seizing opportunities within medium-term timeframes.

Interestingly, this duration range is where the Night Forex Bot EA tends to make the most profitable trades. As demonstrated by the graphs in the following screenshot, most of the trades that remain open in the market for more extended periods eventually become losing ones.