EA review - Night Lottery EA
| Rating total: | |
| Backtests: | |
| Live performance: | |
| Risk control: | |
| Customizability: | |
| Price: |
| Vendor link | Price: | $30 (2022.02.07) |
| Trading strategy: | Night Scalper |
| Vendor live account: | No |
| Own live account: | No |
| Latest tested version: | 1.14 |
| Latest tested date: | 2019.09.14 |
| Risk factors: | Strong price movements during the night |
Night lottery EA is a night scalper that trades a mean reversion strategy with up to 5 positions in the same direction. These 5 positions are not opened in a grid, but depend on entry conditions.
There is no signal available with a real money account, but the author publishes a demo signal. Strategies that rely on trading during periods of high spreads like night scalpers can lead to very different results between demo and real money accounts.
The only recommended curerncy pair is EURUSD, which was tested with the recommended set file. However, we also tested other pairs with the same set file (and different max spread settings) to show the performance on those pairs.
The seller seems to only optimze the EA starting from 2018. In the out-of-sample period prior to 2018, there were many more losses, indicating that the period afterwards is likely to be over-optimized. The maximum spread setting in the recommended set file is very low (0.7 pips), which prevents a lot of trades in the backtest. We also tested more realistic values, like 1.5 pips for EURUSD, which lead to much worse backtests again indicating over-optimization.
Our opinion
For such a cheap price the backtest results for the recommended set file are actually better than we expected. However, since the author does not privode a real money signal, it is not clear if the low spread filter woud work on live accounts. With higher spread filter the results are much worse. One should also be aware that the possible loss case with 5 positions all hitting the SL is quite large (see backtest equity curve). So if you decide to try it out, use a very small risk.Fixed lot size backtests
Why do we use fixed lot size (0.1 lots)? Check our educational page.
Dukascopy 2019.09.14, version 1.14| Symbol | EURUSD (Euro vs US Dollar) | ||||
| Period | 5 Minutes (M5) 2010.01.01 02:00 - 2019.09.06 23:55 (2010.01.01 - 2019.09.10) | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | C2="*** Order Settings ***"; MagicOrderNumber=2017; Lots=0.1; Slippage=1; MoneyManagement=false; MoneyManagementRisk=0.1; AllowNewTrades=true; AccountProfitLock=0; NFA_FIFOCompliant=false; PositionComment="R4FNightLotteryEA"; C3="*** Entry Settings ***"; TimeFrame=5; MaxSpread=0.7; Reverse=false; TrendFilter=false; TrendTimeFrame=60; GMTOffsetHours=2; StartCandleHour=22; EndCandleHour=0; BreakEvenCandle=false; BECandleHour=5; TakeProfit=4; InvisibleTakeProfit=0; StopLoss=250; RSIPeriod=10; RSIThreshold=40; RSIThresholdBuy=30; RSIThresholdSell=30; RMIEntry=false; RMIPeriod=14; RMIMomPeriod=5; ATRPeriod=7; ATRThreshold=1; ATRFilterOnAveraging=false; MaxTradeCount=5; TradeGroupsPerNight=100; TradeAllOfFirstHour=false; CloseAllPositions=true; CloseAllPositionsThreshold=20; CloseOpposingPositionsOnSignal=false; NoTradingOutOfTimes=false; ClosePositionsFriday=false; ClosePositionsFridayLastHour=21; ClosePositionsFridayMinutes=50; | ||||
| Bars in test | 726547 | Ticks modelled | 228704129 | Modelling quality | 99.90% |
| Mismatched charts errors | 0 | ||||
| Initial deposit | 10000.00 | Spread | Variable | ||
| Total net profit | 8461.00 | Gross profit | 25780.80 | Gross loss | -17319.80 |
| Profit factor | 1.49 | Expected payoff | 1.27 | ||
| Absolute drawdown | 2473.80 | Maximal drawdown | 2990.90 (28.44%) | Relative drawdown | 28.44% (2990.90) |
| Total trades | 6676 | Short positions (won %) | 3589 (96.43%) | Long positions (won %) | 3087 (95.92%) |
| Profit trades (% of total) | 6422 (96.20%) | Loss trades (% of total) | 254 (3.80%) | ||
| Largest | profit trade | 101.10 | loss trade | -256.50 | |
| Average | profit trade | 4.01 | loss trade | -68.19 | |
| Maximum | consecutive wins (profit in money) | 313 (1132.90) | consecutive losses (loss in money) | 7 (-1286.40) | |
| Maximal | consecutive profit (count of wins) | 1132.90 (313) | consecutive loss (count of losses) | -1286.40 (7) | |
| Average | consecutive wins | 40 | consecutive losses | 2 | |
| Symbol | EURUSD (Euro vs US Dollar) | ||||
| Period | 5 Minutes (M5) 2010.01.01 02:00 - 2019.09.06 23:55 (2010.01.01 - 2019.09.10) | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | C2="*** Order Settings ***"; MagicOrderNumber=2017; Lots=0.1; Slippage=1; MoneyManagement=false; MoneyManagementRisk=0.1; AllowNewTrades=true; AccountProfitLock=0; NFA_FIFOCompliant=false; PositionComment="R4FNightLotteryEA"; C3="*** Entry Settings ***"; TimeFrame=5; MaxSpread=1.5; Reverse=false; TrendFilter=false; TrendTimeFrame=60; GMTOffsetHours=2; StartCandleHour=22; EndCandleHour=0; BreakEvenCandle=false; BECandleHour=5; TakeProfit=4; InvisibleTakeProfit=0; StopLoss=250; RSIPeriod=10; RSIThreshold=40; RSIThresholdBuy=30; RSIThresholdSell=30; RMIEntry=false; RMIPeriod=14; RMIMomPeriod=5; ATRPeriod=7; ATRThreshold=1; ATRFilterOnAveraging=false; MaxTradeCount=5; TradeGroupsPerNight=100; TradeAllOfFirstHour=false; CloseAllPositions=true; CloseAllPositionsThreshold=20; CloseOpposingPositionsOnSignal=false; NoTradingOutOfTimes=false; ClosePositionsFriday=false; ClosePositionsFridayLastHour=21; ClosePositionsFridayMinutes=50; | ||||
| Bars in test | 726547 | Ticks modelled | 228704129 | Modelling quality | 99.90% |
| Mismatched charts errors | 0 | ||||
| Initial deposit | 10000.00 | Spread | Variable | ||
| Total net profit | 9577.70 | Gross profit | 47018.80 | Gross loss | -37441.10 |
| Profit factor | 1.26 | Expected payoff | 0.78 | ||
| Absolute drawdown | 5313.20 | Maximal drawdown | 9698.50 (67.42%) | Relative drawdown | 67.42% (9698.50) |
| Total trades | 12257 | Short positions (won %) | 6025 (95.25%) | Long positions (won %) | 6232 (95.09%) |
| Profit trades (% of total) | 11665 (95.17%) | Loss trades (% of total) | 592 (4.83%) | ||
| Largest | profit trade | 201.40 | loss trade | -270.80 | |
| Average | profit trade | 4.03 | loss trade | -63.25 | |
| Maximum | consecutive wins (profit in money) | 333 (1203.10) | consecutive losses (loss in money) | 10 (-2551.60) | |
| Maximal | consecutive profit (count of wins) | 1203.10 (333) | consecutive loss (count of losses) | -2551.60 (10) | |
| Average | consecutive wins | 32 | consecutive losses | 2 | |
| Symbol | GBPUSD (Great Britain Pound vs US Dollar) | ||||
| Period | 5 Minutes (M5) 2010.01.01 02:00 - 2019.09.06 23:55 (2010.01.01 - 2019.09.10) | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | C2="*** Order Settings ***"; MagicOrderNumber=2017; Lots=0.1; Slippage=1; MoneyManagement=false; MoneyManagementRisk=0.1; AllowNewTrades=true; AccountProfitLock=0; NFA_FIFOCompliant=false; PositionComment="R4FNightLotteryEA"; C3="*** Entry Settings ***"; TimeFrame=5; MaxSpread=0.7; Reverse=false; TrendFilter=false; TrendTimeFrame=60; GMTOffsetHours=2; StartCandleHour=22; EndCandleHour=0; BreakEvenCandle=false; BECandleHour=5; TakeProfit=4; InvisibleTakeProfit=0; StopLoss=250; RSIPeriod=10; RSIThreshold=40; RSIThresholdBuy=30; RSIThresholdSell=30; RMIEntry=false; RMIPeriod=14; RMIMomPeriod=5; ATRPeriod=7; ATRThreshold=1; ATRFilterOnAveraging=false; MaxTradeCount=5; TradeGroupsPerNight=100; TradeAllOfFirstHour=false; CloseAllPositions=true; CloseAllPositionsThreshold=20; CloseOpposingPositionsOnSignal=false; NoTradingOutOfTimes=false; ClosePositionsFriday=false; ClosePositionsFridayLastHour=21; ClosePositionsFridayMinutes=50; | ||||
| Bars in test | 726553 | Ticks modelled | 225390732 | Modelling quality | 99.90% |
| Mismatched charts errors | 0 | ||||
| Initial deposit | 10000.00 | Spread | Variable | ||
| Total net profit | 1586.30 | Gross profit | 1976.90 | Gross loss | -390.60 |
| Profit factor | 5.06 | Expected payoff | 3.71 | ||
| Absolute drawdown | 122.00 | Maximal drawdown | 581.00 (5.36%) | Relative drawdown | 5.36% (581.00) |
| Total trades | 428 | Short positions (won %) | 246 (86.99%) | Long positions (won %) | 182 (86.81%) |
| Profit trades (% of total) | 372 (86.92%) | Loss trades (% of total) | 56 (13.08%) | ||
| Largest | profit trade | 55.20 | loss trade | -50.90 | |
| Average | profit trade | 5.31 | loss trade | -6.98 | |
| Maximum | consecutive wins (profit in money) | 32 (122.80) | consecutive losses (loss in money) | 3 (-30.50) | |
| Maximal | consecutive profit (count of wins) | 122.80 (32) | consecutive loss (count of losses) | -51.40 (2) | |
| Average | consecutive wins | 9 | consecutive losses | 1 | |
| Symbol | GBPUSD (Great Britain Pound vs US Dollar) | ||||
| Period | 5 Minutes (M5) 2010.01.01 02:00 - 2019.09.06 23:55 (2010.01.01 - 2019.09.10) | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | C2="*** Order Settings ***"; MagicOrderNumber=2017; Lots=0.1; Slippage=1; MoneyManagement=false; MoneyManagementRisk=0.1; AllowNewTrades=true; AccountProfitLock=0; NFA_FIFOCompliant=false; PositionComment="R4FNightLotteryEA"; C3="*** Entry Settings ***"; TimeFrame=5; MaxSpread=3; Reverse=false; TrendFilter=false; TrendTimeFrame=60; GMTOffsetHours=2; StartCandleHour=22; EndCandleHour=0; BreakEvenCandle=false; BECandleHour=5; TakeProfit=4; InvisibleTakeProfit=0; StopLoss=250; RSIPeriod=10; RSIThreshold=40; RSIThresholdBuy=30; RSIThresholdSell=30; RMIEntry=false; RMIPeriod=14; RMIMomPeriod=5; ATRPeriod=7; ATRThreshold=1; ATRFilterOnAveraging=false; MaxTradeCount=5; TradeGroupsPerNight=100; TradeAllOfFirstHour=false; CloseAllPositions=true; CloseAllPositionsThreshold=20; CloseOpposingPositionsOnSignal=false; NoTradingOutOfTimes=false; ClosePositionsFriday=false; ClosePositionsFridayLastHour=21; ClosePositionsFridayMinutes=50; | ||||
| Bars in test | 726553 | Ticks modelled | 225390732 | Modelling quality | 99.90% |
| Mismatched charts errors | 0 | ||||
| Initial deposit | 10000.00 | Spread | Variable | ||
| Total net profit | -3211.50 | Gross profit | 47780.50 | Gross loss | -50992.00 |
| Profit factor | 0.94 | Expected payoff | -0.27 | ||
| Absolute drawdown | 8999.10 | Maximal drawdown | 11625.80 (92.07%) | Relative drawdown | 92.07% (11625.80) |
| Total trades | 12091 | Short positions (won %) | 6198 (94.87%) | Long positions (won %) | 5893 (94.11%) |
| Profit trades (% of total) | 11426 (94.50%) | Loss trades (% of total) | 665 (5.50%) | ||
| Largest | profit trade | 113.10 | loss trade | -267.40 | |
| Average | profit trade | 4.18 | loss trade | -76.68 | |
| Maximum | consecutive wins (profit in money) | 384 (1428.30) | consecutive losses (loss in money) | 8 (-1266.30) | |
| Maximal | consecutive profit (count of wins) | 1428.30 (384) | consecutive loss (count of losses) | -1296.10 (5) | |
| Average | consecutive wins | 30 | consecutive losses | 2 | |
| Symbol | USDCHF (US Dollar vs Swiss Franc) | ||||
| Period | 5 Minutes (M5) 2010.01.01 02:00 - 2019.09.06 23:55 (2010.01.01 - 2019.09.10) | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | C2="*** Order Settings ***"; MagicOrderNumber=2017; Lots=0.1; Slippage=1; MoneyManagement=false; MoneyManagementRisk=0.15; AllowNewTrades=true; AccountProfitLock=0; NFA_FIFOCompliant=false; PositionComment="R4FNightLotteryEA"; C3="*** Entry Settings ***"; TimeFrame=5; MaxSpread=0.7; Reverse=false; TrendFilter=false; TrendTimeFrame=60; GMTOffsetHours=2; StartCandleHour=22; EndCandleHour=0; BreakEvenCandle=false; BECandleHour=5; TakeProfit=4; InvisibleTakeProfit=0; StopLoss=250; RSIPeriod=10; RSIThreshold=40; RSIThresholdBuy=30; RSIThresholdSell=30; RMIEntry=false; RMIPeriod=14; RMIMomPeriod=5; ATRPeriod=7; ATRThreshold=1; ATRFilterOnAveraging=false; MaxTradeCount=5; TradeGroupsPerNight=100; TradeAllOfFirstHour=false; CloseAllPositions=true; CloseAllPositionsThreshold=20; CloseOpposingPositionsOnSignal=false; NoTradingOutOfTimes=false; ClosePositionsFriday=false; ClosePositionsFridayLastHour=21; ClosePositionsFridayMinutes=50; | ||||
| Bars in test | 726607 | Ticks modelled | 164998484 | Modelling quality | 99.90% |
| Mismatched charts errors | 0 | ||||
| Initial deposit | 10000.00 | Spread | Variable | ||
| Total net profit | 346.82 | Gross profit | 512.82 | Gross loss | -166.00 |
| Profit factor | 3.09 | Expected payoff | 3.81 | ||
| Absolute drawdown | 163.14 | Maximal drawdown | 470.11 (4.55%) | Relative drawdown | 4.55% (470.11) |
| Total trades | 91 | Short positions (won %) | 65 (83.08%) | Long positions (won %) | 26 (92.31%) |
| Profit trades (% of total) | 78 (85.71%) | Loss trades (% of total) | 13 (14.29%) | ||
| Largest | profit trade | 68.18 | loss trade | -37.55 | |
| Average | profit trade | 6.57 | loss trade | -12.77 | |
| Maximum | consecutive wins (profit in money) | 28 (121.48) | consecutive losses (loss in money) | 3 (-56.08) | |
| Maximal | consecutive profit (count of wins) | 121.48 (28) | consecutive loss (count of losses) | -73.69 (2) | |
| Average | consecutive wins | 7 | consecutive losses | 1 | |
| Symbol | USDCHF (US Dollar vs Swiss Franc) | ||||
| Period | 5 Minutes (M5) 2010.01.01 02:00 - 2019.09.06 23:55 (2010.01.01 - 2019.09.10) | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | C2="*** Order Settings ***"; MagicOrderNumber=2017; Lots=0.1; Slippage=1; MoneyManagement=false; MoneyManagementRisk=0.15; AllowNewTrades=true; AccountProfitLock=0; NFA_FIFOCompliant=false; PositionComment="R4FNightLotteryEA"; C3="*** Entry Settings ***"; TimeFrame=5; MaxSpread=2; Reverse=false; TrendFilter=false; TrendTimeFrame=60; GMTOffsetHours=2; StartCandleHour=22; EndCandleHour=0; BreakEvenCandle=false; BECandleHour=5; TakeProfit=4; InvisibleTakeProfit=0; StopLoss=250; RSIPeriod=10; RSIThreshold=40; RSIThresholdBuy=30; RSIThresholdSell=30; RMIEntry=false; RMIPeriod=14; RMIMomPeriod=5; ATRPeriod=7; ATRThreshold=1; ATRFilterOnAveraging=false; MaxTradeCount=5; TradeGroupsPerNight=100; TradeAllOfFirstHour=false; CloseAllPositions=true; CloseAllPositionsThreshold=20; CloseOpposingPositionsOnSignal=false; NoTradingOutOfTimes=false; ClosePositionsFriday=false; ClosePositionsFridayLastHour=21; ClosePositionsFridayMinutes=50; | ||||
| Bars in test | 726607 | Ticks modelled | 164998484 | Modelling quality | 99.90% |
| Mismatched charts errors | 0 | ||||
| Initial deposit | 10000.00 | Spread | Variable | ||
| Total net profit | -446.23 | Gross profit | 26078.16 | Gross loss | -26524.39 |
| Profit factor | 0.98 | Expected payoff | -0.07 | ||
| Absolute drawdown | 2084.98 | Maximal drawdown | 8195.38 (50.87%) | Relative drawdown | 50.87% (8195.38) |
| Total trades | 6677 | Short positions (won %) | 3741 (96.07%) | Long positions (won %) | 2936 (95.50%) |
| Profit trades (% of total) | 6398 (95.82%) | Loss trades (% of total) | 279 (4.18%) | ||
| Largest | profit trade | 66.97 | loss trade | -287.95 | |
| Average | profit trade | 4.08 | loss trade | -95.07 | |
| Maximum | consecutive wins (profit in money) | 351 (1310.73) | consecutive losses (loss in money) | 8 (-1471.42) | |
| Maximal | consecutive profit (count of wins) | 1310.73 (351) | consecutive loss (count of losses) | -1471.42 (8) | |
| Average | consecutive wins | 41 | consecutive losses | 2 | |
All EA reviews (15)
Latest EA reviews
AutoGenEA
An EA that is developed by Generic Machine Learning. Check it out
Momentum EA BOA
A momentum / trend following strategy with good and stable backtests.
Scalperinho EA
A very promissing EA that trades intraday pullbacks on a impressive number of 28 pairs.
StarX
A cheap night scalper with promising backtests. Check it out.
Inertia EA Extra
A S/R scalper for the EURUSD pair with an impressive backtest.
SFE Night Scalper
An asian scalper with a 4 years old live account. Check out our review
Aura MT4
A trend follwing system with inconsistent backtests.
SFE Stealth
Promising new Asian scalper with good live results. Check out our review.
FXStabilizer PRO
A martingale system which survived astonishing long in live trading
Mito EA
A trend / counter trend system that trades 31 different pairs. Check it out
FXAdept
A successful trend following EA with nearly two years of live history. Check out our review.
Bazava
A quite cheap intraday scalper for the NZDUSD. Is it worth the money? Check it out.
Tesseract
A counter-trend system with inconsistent backtests
Legend
A combination of a momentum based strategy and an SR level breakout system
CEF Phantom Scalper
An aggressive intraday counter-trend scalper on M1 time frame
Want to start trading on a live or demo account?
Be aware that most retail traders (usually around 60-80%) lose money. Please consider whether you can afford to take the risk of losing your money.
