Volatility Forex Robot is a low-cost EA that can supposedly bring you thousands of dollars monthly. The vendor is selling it at only $49 and wants us to believe that it can change high volatility pairs into high pip yielding pairs. In January alone, the system allegedly made $20,522 profits for the user.
Volatility Forex Robot trading strategy
This robot works with channel breakouts in highly volatile markets. This means that its trades are based on whether a pair breaks out from a channel or not. So, the robot will draw a line at the highest high and the lowest low of the past N number of bars. The lines generated simply provide the channel for the robot to trade breakouts in either direction. An ATR (Average True Range) based indicator is used to determine the extent of market volatility.
Volatility Forex Robot features
This EA has a variety of features:
- Comes with an inbuilt money management system and optional built-in trailing stop loss capabilities
- Works on all Forex currencies and any timeframe
- Is compatible with the MT4
- Works with 4 or 5 broker digit pricing automatically
- Includes all custom indicators, templates, and expert advisor
- All text and color objects can be adjusted
- Allows you to close any trade manually without interfering with the robot’s functions
- Inputs like “applied price types” and “moving average modes” are customizable
Volatility Forex Robot backtesting results
The vendor fails to post the backtest results of this trading system. It’s always a good idea to conduct backtesting so as to get some insight into how a trading plan might work. If the test is not done, then the vendor is essentially just speculating how their strategy will perform.
Volatility Forex Robot live trading results
When it comes to trading results, the devs have posted monthly statements showcasing the supposed performance of the EA. The data has not been verified by a third-party site like Myfxbook, FXStat, or even FXBlue. As you can see below, the EA has made thousands of profits each month for the user.
Below we look at the detailed performance of the system in the month of February 2022.
For the first week of February, the EA has allegedly completed a total of 60 trades. The profitability rate of these orders is 75%. So, the resulting profit amount is $7935.80. The EA makes more wins than losses. This is illustrated by the average profit trade of $215.38, which is higher than the average loss trade of -$117.09. A drawdown of 0.01% has been generated, which indicates that minimal trading risks are applied.
Volatility Forex Robot reputation
There’s an ‘About Us’ page on the official page that reveals basic info about the vendor. The parent company, which is Forex Robot Trader (FRT), was invented by Don Steinitz. He developed a keen interest in developing trading systems after spending years researching strategies that could work. Don eventually teamed up with expert programmers exceptionally gifted in the mql code and created their first product called “Steinitz HAS MTF Robot.” Other trading tools developed later include Odin, Directional, WaveRunner, Reaper, Ganon, and many more.
Volatility Forex Robot does not have any customer reviews yet. Though FRT has a page on Forex Peace Army, we searched through the comments but could not find any that touches on this EA. Moreover, we noticed that a majority of the clients are complaining about the inefficiency of the systems this company offers.
Volatility Forex Robot review summary
- Strategy – 4/10
- Functionality & features – 6/10
- Trading results – 2/10
- Reliability – 3/10
- Pricing – 7/10
The vendor describes the features and the strategy of the EA and reveals some info about their identity. However, the system has several red flags, which cannot be overlooked. For example, backtests are missing, and the unverified trading stats look too good to be true. Furthermore, it’s illogical that the vendor is selling the robot for a few dollars, despite it yielding big profits.
