Volatility Forex Robot says it is ready for the most frantic charts you have. It likes volatility and looks forward to turning high volatility pairs into high pip yielding instruments. This ensures you get large amounts of profit from trading the Forex market. We will see if these assertions are true in this review.
Detailed Forex robot review
The system has the following features, according to the vendor:
- It works on the MT4 platform and all Forex currency pairs.
- It includes an in-built optional trailing stop loss capability.
- The EA comes with adjustable features such as applied price types, moving average modes, text and color objects.
- The system works on all timeframes
- Custom indicators, expert advisors, and templates are provided.
- An automatic money management system is integrated.
- You are permitted to close out any trade manually without disrupting the bot’s functions.
- The volatility channel custom indicator is drawn on a similar chart as the robot to enhance transparency.
- It works with 4 or 5 broker digit pricing automatically.
Volatility was created by Forex Robot Trader (FRT). The company has been around for many years, and all this while, it has created a total of 10 other EAs and a single indicator. Examples of the robots include Odin, Vader, Waverunner, Directional, Hedge, Ganon, and Falcor. The company was formed by Don Steinitz, but the location of its physical offices is unknown.
Volatility Forex Robot strategy tests
The robot works with channel breakouts to obtain maximum profits from any pair. In actual practice, the EA draws a line on the highest high of the previous N number of bars and the lowest low of the same. This action normally provides the channel in which the system will conduct channel breakouts in either direction. A channel stop determined by Average True Range is mainly used due to its ability to adapt to current market conditions quickly. So, the EA can easily detect volatile periods in the market and place trades accordingly. Notably, the distance from the entry point to the stop usually increases when the market is highly volatile and reduces when volatility decreases.
The backtest results are not included in the presentation. Therefore, it’s hard to know what kind of market conditions increase the strategy’s chances of generating profits and which ones raise its trading risks.
Live account trading results
The vendor provides multiple statements that showcase the robot’s monthly performance since January 2009 to date. Interesting enough, the EA was able to generate thousands of profits for the user throughout with no losing month. Our main concern, however, is the credibility of these results. A third-party site such as FXBlue or Myfxbook needs to be involved in the verification of this data to enhance its trustworthiness. In any case, let’s assess the statistics for April 2022 to understand how the robot performs, at least in the eyes of the vendor.
So far, the system has attained a total net profit of $16670.40 for the user. This was preceded by the completion of 197 trades. The drawdown level is still low at 0.01%. This means that risky trading activities are not applied. The win rates for short and long positions are 82.67% and 81.15%, respectively. There’s a profit factor of 4.86, which portrays the EA’s strategy as very efficient and profitable.
Volatility Forex Robot has a current price of $49. This is after the vendor cut its original price ($199) by $75. We have noticed that the prices of all EAs from this company are offered at a discount. The pricing of Volatility is indeed very cheap, which makes it easily accessible to all kinds of traders.
The vendor has a bad score (2.251/5) on FPA, and there are many claims, some dating as back as 2008, about the inefficiency of its tools. In fact, many have complained about losing lots of money while using the systems. Even recently, a new customer came forward to state how he suffered losses, prompting him to label FRT’s robots as the worst. The support team also failed to help him solve some of the bad issues he encountered while using the service.
Volatility Forex Robot is a cost-effective system that aims at profiting off volatility. It also doesn’t put a limit to the number of currency pairs you can use, so it is possible to diversify your revenue stream. Nevertheless, you need to be cautious with the devs because they have a bad reputation in the market. Their failure to produce verifiable trading stats further raises red flags about their reliability.