Today I’m reviewing another software focused on the first couple hours after the close of the New York session, SFE Night Scalper. This EA is built to trade the markets when they are the least volatile in order to pick up small, quick wins. Whether or not the robot does a sufficient job at this, is what I will be analyzing and predicting in this article.
The creator of this software is Joel Juanpere. His company is Smart Forex Expert, which is located at office #7128396, c/o OwO, BP80157, Roubaix Cedex 1, France. He is the same developer of the SFE Price Action software, which I happen to review just over 2 months ago. In order to get in touch with Joel, traders can send a private message via the MQL5 web site.
SFE Night Scalper Review
Personally, I have had extended experience and success with this type of trading. The SFE Night Scalper is using a methodology that resonates with me personally, because of how much time I’ve spent with scalping systems that trade couple hours a day. In fact, the #1 rated software here at Forex Robot Nation, Forex Fury, utilizes a very similar trading approach and does it masterfully. Without taking away from the SFE robot, I do recommend Fury above all else when it comes to scalpers.
In getting back to the review, this new SFE program is built to work with multiple pairs and take advantage of small deviations in the market. When the deviation occurs, a trade is placed and “if the operation does not close with profit during the stagnation hours, the EA tries to exit in a favorable condition in the next hours, before the European session opens again.”
Type: Forex Robot
Timeframe: M5 (recommended), M15, M30, H1
Pairs: EURCAD, GBPUSD, USDCHF, AUDCAD, EURJPY
The first thing I noticed about the SFE Night Scalper is the large price tag. Just like the SFE Price Action software, this EA’s going for over $1000. I’ve mentioned it before, and I’ll mention it again, as far as I’m concerned, when there are trading systems in this market that are viable investment tools going for around $200, I don’t see myself diving at the opportunity to spend $1500.
As is frequently the case on the MQL5 marketplace, the trading results provided for the SFE Night Scalper are underwhelming to say the least. We are provided with back tests for each of the 5 pairs, that show us that the software was profitable from the beginning of 2015, until late October 2015.
Not only am I not a fan of back testing, but even if I was, these back tests are much older than I would expect. The main question I have, is why aren’t they providing us with back tests from 2017, or even 2016 for that matter? I’d hate to answer this question myself, but the only logical answer, is that the software performed it’s best in 2015, and hasn’t been able to reach that level of success again.
Hopefully this isn’t the case, and hopefully the vendor can grace us with more recent trading results in the near future.
At this point in time, there are only 7 reviews available. The last couple of reviews have been positive, but before then there were some complaints that we can’t ignore.
Also, in going through the comments section, a client claims that “NS is really suffering right now,” and that traders should wait for a new version before signing up.
The feedback isn’t bad, but it isn’t great either.
While I’m certainly excited by any system with this strategy, I find that the price point for the SFE Night Scalper is a little too high for my taste. The system can be tested on demo for free, and there are monthly and yearly options, but none of these are really affordable either. Before I decide to dive in, and further test the software, I’d like to see some verified Myfxbook trading statements. Until then, I’ll be sitting on the sidelines waiting to see how it goes.
Thank you for reading the review, and please leave your questions and comments now.