BORN Night Owl is a recently released, fully automated forex trading EA which has been developed by a team of pro forex traders. The EA is completely automated and does not need any human intervention to function. The developers claim that the BORN Night Owl has an overall accuracy ratio of between 87-94% making it a highly effective and profitable EA. BORN stands for Binary Optimized Relative Network, a trading system which uses binary optimization to profit from even the smallest movements in the market.

The Night Owl also comes with a unique “stealth mode” which hides its presence from any forex broker. This feature is especially useful when trading with DD brokers, who generally do not allow EAs or forex robots. The BORN Night Owl’s trading strategy is based on the 1-hour daily trading gap between the close of the forex market in New York at 17.00 EST and the opening of the market in Tokyo at 9.00 GMT. Sideways trading is generally seen during this time due to lack of major volumes. The EA uses this sideways movement to enter trades which match the existing trend. Once Tokyo opens and the current trend resumes, the EA closes the trade, aiming for a tidy profit.

Features

• Fully automated forex EA with up to 94% accuracy
• Uses a conservative trading strategy which leads to profit maximization and a relatively smaller number of trades
• In-built “Stealth Mode” hides the EA from all forex brokers and eliminates the possibility of your trading account being banned
• “Recovery Mode” helps cover losses by increasing the ticket size of a trade to generate more profit
• “Balance Protect” feature closes all trades whenever the account balance falls below a specific percentage of your capital (defined by you)
• One time payment of $100 with no recurring costs and free updates for life
• 60-day unconditional money back guarantee

Screenshots

5 year backtest showing a deposit of $10000 growing to an astounding $1.07 million

Live test spanning the first 3 months of 2011 showing a $10000 account growing to $14420; a return of 44% in just 3 months

Summary

The BORN Night Owl Forex EA comes across as an economical and effective way to make money in the forex market. The proof in the form of  a 5 year backtest and the 3 month live test is quite impressive. Additionally, the “stealth mode” feature is unique to this EA and will be of tremendous help to forex traders working with Dealing Desk brokers.

To sum it all up, use the 60-day repayment guarantee to test this product properly on any dummy account. Become acquainted with its features and performance. If the performance matches the developer’s claims, you can safely try it with your live account. Happy Trading!