N9T is an automated scalping system published by Paul Reymkhe and is currently on version 3.6. The EA allows for 9 activations with over 1060 demo installations.
About N9T
The N9T robot is said to be an innovative night scalping robot that rides on the strategies from a number of indicators – ProScalper, TrendFolowerSr, and Dailybreakouts. All are from the same vendor.
A lifetime robot license is sold at a price of $699. There is a monthly rental option at a price of $249 as well as a 3 monthly subscription for $349.
N9T boasts of a Loss-Protection system that reduces losses to a minimum without reaching the maximum stop loss.
N9T Software
The software at N9T is recommended for a number of Forex pairs including AUDCAD, GBPCHF, AUDCHF, EURGBP, GBPAUD, CADCHF, and USDCHF. The appropriate timeframe is M5. You should apply the EA only on 1 Symbol and at the appropriate timeframe.
As per the broker specificity, the N9T requires any low-spread broker with a low Spread at night. ECN account starting from zero spread is ideal. The minimum deposit requirement starts from $100 and the minimum leverage to work with is 1:20.
There are 3 signal accounts on MQL5 monitoring the performance of this expert advisor – N9T Save Risk, N9T Very High Risk, and N9T extremen risk. All accounts are hosted on ICMarkets brokerage with a drawdown of 8.4%, 43.4%, and 50.8% respectively.
Currently, the 3 accounts are not active. The latest trade was seen to happen about 25 days, making these 3 signal accounts unreliable.
How N9T works
N9T is an automated trading software that works based on fixed stop loss and take profits. It does not involve grid, martingale, or other dangerous strategies. Traders can sleep through the night calmly knowing that their trades will be placed exactly at the times they designated.
Forex robots are run based on automated mathematical algorithms, not taking into account things like market conditions that vary with political issues, weather, and other factors.
The inconsistency of the market is impossible to program into a robot, and therefore the results of N9T EA are inconsistent as well.
Conclusion
N9T EA is quite a popular trading software with a handful of parameters and a tight stop-loss mechanism.
Trading statistics show dormant accounts that have not been traded for the past month. This changes the whole scenario and makes this robot appear unreliable at the moment. For this reason, we are not recommending this EA to the community.
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N9Tx Expert Advisor (MT4/MT5)
$699
Pros
- Performance result
- Setup
Cons
- No verified result
- High pricing
- High drawdown
- Dormant accounts