Night Hawk (by DaVinci FX group) Review

Night Hawk is a Forex robot that is offered by DaVinci FX. It works on the MetaTrader 4 platform. The developer claims that it can earn gains from price shifts in the Forex market. Plus, it generates lucrative signals and provides lifetime support.

Night Hawk is a fully-automated trading system that is claimed to be a modified version of classic trading software. As per the seller, its algorithm was created by professionals and it is based on high-quality backtesting information.

The main idea generator and lead tester of this Forex robot is Vitaly Nemykh who has been trading since 2006. He has lots of investment portfolio management experience and knows how to minimize risks. There is also Roman Starostin who is the main software developer who has been trading since 2012. He has experience in many investment projects and developed many trading algorithms.

Night Hawk at a glance

Night Hawk functionality

You can see a lot of information about Night Hawk on its official website, which includes its features, advantages, and recommended VPS servers and brokers that you can use with it. The site also has many live trading and backtesting results of this expert advisor.

Plus, you can see the email addresses for the whole team behind Night Hawk on its official website. You can use this EA with all brokers, but it is recommended to employ an ECN broker.

Some of its main features include:

• The main strategies used by this expert advisor are Martingale and Grid
• Trades in nine currency pairs
• The backtesting results use real data from brokers
• Calculates lot sizes per order as per the existing margin 
• The time filter allows you to trade in your chosen hours
• News filter
• Free updates.

Night Hawk trading strategy tests

Night Hawk trades daily, which is why it can diversify the risk and avoid over-optimization as per historical data. However, its key signals are seen during the Asian trading sessions. This trading tool uses a modified Martingale trading approach and opens positions using several indicators, such as candlestick patterns, Bollinger Bands, Commodity Channel Index, and much more.

Its total drawdown is minimized with the help of the number of open transactions and adapted currency pair filters. Moreover, it uses a special algorithm for the Average True Range indicator to construct dynamic orders grid.

The backtest we talk about here is for the AUD/CAD pair. It took place from Jan 11, 2012 to April 16, 2020 with an M15 time frame and every tick model. The initial deposit was $3000 and it generated $12,260.23 in profits. 

Its monthly profits were 1.63% and daily profits were 0.05% with a low 28.34% drawdown. The account carried out 1992 trades in total while winning 72% of the total trades. Furthermore, the profit factor was -1.82 while the average loss was -54.55 pips/-$26.63 and the average win was 33.26 pips/$18.98.

What about Night Hawk live trading results

There are two live trading accounts of Night Hawk on Myfxbook. We will analyze the one that uses the Roboforex broker. This is a real USD cent account that automatically uses technical indicators and works on the MetaTrader 4 platform. The account’s track record is not verified.

It was created on May 5, 2019 and has finished 493 trades till now. The account has a 72% win rate, which is the same as in its backtest. Its daily profits are 0.24% and monthly profits are 7.39% with a low drawdown at 16.90%. The account has generated $9427.88 in profits till now with a 2.48 profit factor. However, it shows losses for many months.

Price

You can buy Night Hawk at $275 only through PayPal or WebMoney. Moreover, if you want to purchase it through a bank card, Neteller, or Skrill, you have to get in touch with them, which is an odd thing. After you buy it, you must send your MetaTrader 4 account number to its team to get its latest version. You can get a 30% discount when you buy its subsequent copies. However, there is no refund policy for this EA.