Volatility Forex Robot trades on all currency pairs on the MT4 platform. The algorithm comes with custom indicators and templates for easy setup and automatically detects 4 or 5 digit brokers. We will verify the system’s performance to see if it can be a good fit for your portfolio.
Volatility Forex Robot: to trust or not to trust?
The robot does not come with any backtesting records. The developers track the EA’s performance manually on the website, which is not verified by any third-party websites. The lack of convincing evidence in the statistics raises many questions on credibility.
Features
Following are the features of the expert advisor:
- Traders can use the trailing stop function as desired.
- It is possible to enable money management.
- Manual handling is available, i.e., investors can close out trades when they desire
- It can detect 4/5 digit brokers automatically.
The developer states that the robot can trade on all currency pairs across all time frames. It trades on the channel break-out strategy using an adaptive stop loss that can vary according to the current market conditions. The exits are calculated using the ATR indicator.
From the history of the custom records on the website, we can observe that the EA has no fixed pattern of trading. It can open trade on any instrument at any specific time. The stop loss and take profit are virtual.
How it works
Use the following method to make the system workable.
- Select the buy now option and fill out the required details
- Download the files to your computer
- Go to the Metatrader 4 platform on the computer and log in to your account
- Bring the downloaded robot files into the charts section
- Allow auto-trading
Pricing and refund
The robot can be purchased for $49, and the price is currently discounted from $199. There is no money-back guarantee from the seller.
Customer reviews
The robot has 271 reviews on Forex Peace Army, which gives it a rating of 2.251. There is no comment on the robot under review. One of the traders reviews one of their other algorithms and writes that it does not work. The developer replies to change the broker, but the EA is not useful even after following proper instructions.
Trading results
There are no backtesting records available on the website, which is a poor approach from the developer.
Verified trading records are available on the company’s website that shows performance for March. The winning rate stood at 74.34%, with a profit factor of 5.18. The best trade was $1209, while the worst was -$500 in 456 executions.
The total drawdown value stood at 0.02%, with 13 consecutive wins providing $1093.3. The expected payoff of the system is 161.62, and it had a total net profit of $49876.2.
Low drawdown
The current drawdown of the EA stands at 0.02%, which is quite hard to believe. Given that the records are not tracked via a verified website, we cannot trust the statistics.
Vendor transparency
Don Steinitz is the product’s author, who claims to have started his trading career after playing in multiple casinos. He claims to have spent thousands of hours finding the best indicator, which resulted in dismay. After learning coding in the MQL 4 language, he was able to put forth his products for the public to purchase.