When it comes to Forex Trading, one product that has been making the rounds in the trading community is the Night Crow EA. This trading robot has been designed to exploit market gaps, primarily on Mondays, across 17 optimized currency pairs. This article provides an objective review of the Night Crow EA, its trading strategy, and its effectiveness in the Forex Market.
Identifying Market Gaps
The Night Crow EA operates on the principle of identifying gaps in the market. Market gaps often occur due to the difference in the closing price of a currency pair on Friday and its opening price on Monday. The Night Crow EA is programmed to scan the market for these gaps and initiate trades based on these fluctuations. The majority of these trades are executed on Mondays, aligning with the release of economic news and market openings after the weekend.
Optimized Currency Pairs
The Night Crow EA boasts an impressive portfolio of 17 optimized currency pairs. Each of these pairs has achieved a Profit Factor (PF) of at least 3.0 during testing phases. This indicates that the robot has a successful track record, with each dollar invested yielding three dollars in return. The number of trades executed per week averages to four, a number set to increase as further pairs are optimized.
Trading Parameters and Protection Measures
Appreciably, the Night Crow EA comes equipped with two types of stop-loss (SL) measures. These measures ensure that each transaction is protected against unfavorable market movements. Additionally, the robot features automatic slippage detection and protection. This implies that the robot can calculate potential slippage and decide whether to proceed with the trade or not. The robot also provides spread protection; while a lower spread might result in more trades, a higher spread doesnโt affect the accuracy of the trades.
Performance and Testing
According to the productโs description, the Night Crow EA was tested from 2015 to 2021 with the highest accuracy possible. This involved using DUKASCOPY Real Spread with a minimum spread of 1.0 pips. Despite the rigorous testing parameters, the robot maintained high stability throughout the six-year testing period. Interested users can view independent testing of the Night Crow EA on the forexroboteasy.com website. Subscriptions for updates on the productโs testing results are also available.
Optimization and Recommendations
The Night Crow EA provides the flexibility of easy optimization. This allows users to improve results by adjusting any parameter to suit the market conditions or their personal trading strategy. It is recommended to use a broker with a good spread after midnight, a trading leverage of 1:500, and a risk management strategy of 0.01 Lot per $50. The product is designed to function optimally on a 5-minute timeframe, and a stable network connection is necessary for open transactions.
FAQ
What is Night Crow EA?
The Night Crow EA is a Forex trading robot designed to identify and trade market gaps, primarily on Mondays.
How many currency pairs does it optimize?
As of the time of writing, the Night Crow EA optimizes 17 currency pairs.
How does it protect my trades?
The Night Crow EA provides two types of stop-loss measures and features automatic slippage detection and protection, as well as spread protection.
Where can I see the test results of the Night Crow EA?
Independent testing of the Night Crow EA can be viewed on the forexroboteasy.com website.
In conclusion, the Night Crow EA presents a unique approach to Forex trading by exploiting market gaps. Its robust features and proven track record make it a noteworthy contender in the world of Forex trading software. However, as with any trading tool, itโs important to understand its operation and use it responsibly. We invite readers to share their experiences using this product to further enrich this review.
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