Panda Night is a robot that was published on MQL5 on April 22, 2021. The last released version is 1.2 from May 17, 2021. The advisor was activated 8 times and downloaded for demo purposes 380 times.
Is Investing in Panda Night a Good Decision?
We’re not sure about it because it has no rental option, which would allow us to check its functionality during a short period.
Jiang Ming Wang is a China developer with a 506 rate. It’s rare to see a robot designer from China. Two of his products have a 3.7 rate based on 13 reviews.
There are two accounts with signals connected.
The robot has just a few features explained:
The advisor manages to work completely automatically.
“The system looks for signs of reversal, in hours when the market is not strong, and the risk of high movements is low.”
We can trade many cross pairs.
It works in the short-term time frame.
“The correlation of the different symbols is generally very low, giving to the system a very high diversification, which reduces the overall risk.”
It’s not hard to install the robot.
We can not customize the default settings pack.
After purchasing, we have to send the developer a screenshot to get approval and a Telegram link plus the robot’s set files.
It’s weird that the robot doesn’t have these settings applied to the robot.
“If the names of the symbols aren’t common in your broker platform, update the names in the Symbol List parameter.”
It should be clarified, so everyone understands it.
We can work with the robot and other EAs on the same account.
The robot can work only on raw-spread accounts.
We are suggested to work through IC Markets and RickMill.
An ECN account is a must.
The best brokers should work on GMT +3.
We have no idea why, but IC Markets is the one.
A digital copy of a lifetime product costs $199. There are no rental options to check it and no money-back guarantee as well.
There’s a backtest report for all pairs. The win/loss ratio was 6.3. Three months were lost, according to the spreadsheet. The Gross Profit was $39,970 when the Gross Loss was -$8,975. An average win streak was almost 11 orders.
The highest Profit Factor was 7.48. The most-traded symbol was AUDUSD, with 1338 deals when the most profitable was EURCHF.
We have got a real USD account on IC Markets on the MT5 platform. The leverage is 1:500. The absolute growth is 43.13%. The maximum drawdown is 6.5%. The win rate is 81.1%. The trading activity is 4.6%. The account is live for 25 weeks. The reliability of signals is high. It’s awkward taking into account low trading activities.
June 2021 profits are ridiculous. It’s noticeable that the system decreased profitability.
The drawdowns are low and short-term.
It seems to us that the robot uses only flex Take Profit levels or runs Trailing Stop Losses.
The robot executed 297 deals. The best trade is $20.64 when the worst trade is -$30.35. An average trade frequency is 14 orders weekly. An average trade length is 53 minutes. The recovery factor is 5.15. The profit factor is 2.32. An average profit is $3.14 when an average loss -$5.83. An average loss has decreased by 20%. The average monthly growth is 3.59%. This parameter has grown 12 times.
EURUSD, with 64 deals, and AUDUSD with 39 deals are the most traded cross pairs. The robot works only in the BUY direction.
GBPNZD and CADCHF were completely lost. EURCAD had brought the most profits, $86.
People aren’t happy using this advisor. So, it’s risky to run it.
Strategy – score (2/10)
Functionality & Features – score (3/10)
Trading Results – score (6/10)
Reliability – score (3/10)
Pricing – score (3/10)
Panda Night is a past midnight scalper that cuts little profits on the BUY direction only. The developer didn’t mention why the system ignores the SELL direction. The advisor provides various profitability from month to month.
Make an informed decision
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