Forex Robot ReviewsPassive Income

Blazing Night Scalper Review: Is It Wise to Hand Your Trading Over to This EA?

3 Mins read
4.0

Blazing Night Scalper is an expert advisor that was designed by Scott Fredeman who’s an averagely known developer on MQL5. The presentation includes information that can help us with understanding how good the robot is.

Blazing Night Scalper company profile

The dev’s profile on MQL5
The dev’s profile on MQL5

Scott Fredeman is a developer from the United States. He has over five years of MQL5 trading experience. Scott has eight products on the board that were downloaded 1680 times. There also are 5 signals in his portfolio. Based on 106 reviews, his products have a 4.8 star rate, which is quite high.

The highlights of Blazing Night Scalper

The presentation includes information about how the system should be customized to be profitable on the market.

  • The advisor provides us with a possibility to work on the market completely automatically.
  • So, no extra effort is needed.
  • The current price is $299, but the developer claimed that it will be raised to $499.
  • There’s a Telegram channel where the dev communicates with clients.
  • The system was tested on the 12-year tick data.
  • The modeling quality was 100%. 
  • We are allowed to open orders on the M5 only.
  • There also is a MT4 version of the system sold on MQL5.
  • We can work with the following brokers: IC Markets, Vantage, Pepperstone, and Oanda. 
  • Placing Oanda here is a weird choice because this broker is used extremely rarely.
  • We can turn on the multi symbol settings.
  • The system is allowed to trade on AUDCAD, CHFJPY, EURAUD, EURCAD, EURUSD, GBPAUD, GBPUSD, USDCHF, USDCAD, and USDJPY.
  • There are even more pairs to work, up to 20, if we can handle their customization.
  • The system requires it to be set on the low spread account.
  • We have to work on a VPS or stable internet connection.
  • The system places orders based on the recent high and low levels.
  • The advisor protects orders with SL and TP levels.
  • It can work without Martingale lot sizes.
  • The developer provides fanatical support.

Trading results with Blazing Night Scalper

Blazing Night Scalper backtest report
Blazing Night Scalper backtest report

We have the final table of the report where the robot was tested on 2009-2021 data that was received from Dukascopy. There’s a 100% modeling quality. An initial deposit of $1000 was turned into $53,874,537 of the total net profit. The maximum drawdowns were 10.78%. The profit factor was 1.51 when the recovery factor was 26.51. They are common numbers. Blazing Night Scalper traded 29,184 deals with the win rate between 88% and 90%. Anyway, it’s not professional to provide that low quality of screenshots.

Blazing Night Scalper trading results on MQL5
Blazing Night Scalper trading results on MQL5

Blazing Night Scalper has been working on a real account on Coinexx. It trades automatically with 1:500 leverage. The maximum drawdown is 20.6%. The maximum deposit load is 35%. We have 86.5% of the win rate. The absolute growth is 30.03%. It has lost 20% of the account for five weeks.

Blazing Night Scalper details
Blazing Night Scalper details

An average trade frequency is 12 orders a week. An average holding time is 4 hours. No one is subscribed to the signals.

Blazing Night Scalper monthly profits
Blazing Night Scalper monthly profits

We may note that the robot can’t provide this account with a stable performance. 

Blazing Night Scalper closed orders
Blazing Night Scalper closed orders

Trading results showed that it’s possible for it to lose five orders in a row.

Blazing Night Scalper statistics
Blazing Night Scalper statistics

The robot has traded 334 orders. The best trade is $1.74 when the worst trade is -$8.49. The recovery factor is 0.94 when the profit factor is 1.25. An average monthly result is -4.33%, while an annual forecast is -52.52%.

Blazing Night Scalper pairs
Blazing Night Scalper pairs

The most traded pair is EURUSD with 58 deals closed.

Blazing Night Scalper packages

Blazing Night Scalper pricing on MQL5
Blazing Night Scalper pricing on MQL5

We can buy a copy of the system for as low as $299. The package, as usual, includes a single real account copy. We are allowed to rent the robot out for $149 for one month. There’s a demo copy of the system that can be downloaded for free.

Assistance

The owner provides good support. He tries to answer all questions within several hours.

Other notes

Customer reviews on MQL5
Customer reviews on MQL5

The presentation is featured by some positive testimonials.

Is Blazing Night Scalper a reliable system?

The system is going to lose another month. So, it’s an unpredictable trading solution.

Blazing Night Scalper Summary

4.0
Blazing Night Scalper is a robot that struggles to survive. The presentation looks average. We have some positive testimonials written that do not match with the trading results we see on MQL5.
3.0

Performance statistics

7.0

Reviews from customers

3.0

Ease of use

4.0

Implemented strategies

3.0

Pricing

Pros

  • +A backtest report provided
  • +Trading results revealed
  • +Acceptable pricing

Cons

  • -No risk advice give
  • -No settings explanations provided
  • -The robot works unpredictably on the market
  • -No refund policy applied
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