Volatility Forex Robot executes orders on Metatrader 4 platform. It uses ATR (average true range) indicator to analyze the extent of market volatility along with built-in trailing stop loss and money management strategies. The vendor claims that the expert advisor has made $55274 in the last 30 days with proper money management. Such statements got our attention, and we decided to investigate the efficiency of this trading algorithm with our detailed review.
Vendor transparency
Volatility Forex Robot is developed by the Forex Robot Trader, a company with no reputation in the forex industry. Don Steinitz the is the author of the product who claims to have played in casinos before making their way into the forex market. After spending countless hours on the charts and learning the MQL coding language he was able to present forward multiple algorithms for sale.
How Volatility Forex Robot works
Volatility Forex Robot comes with the following features:
- The system can work with 4 or 5 digit brokers automatically.
- It trades on Metatrader 4 platform.
- The algorithm comes with built-in money management.
- The EA is a 100% automated trading solution.
- The bot is compatible with all currency pairs and timeframes.
- It uses a trailing stop loss feature with a money-manager.
To install the expert advisor, use the following steps:
- Purchase the system from the developer’s website
- Open Metatrader 4 and log in to your account
- Download the product to your computer
- Drag the EA to charts to start trading
Timeframe, currency pairs, and deposit
The vendors of Volatility Forex Robot claims that the EA is compatible on all timeframe chart and works properly with all currency pairs. There is no mention of a minimum or recommended deposit amount on the profile of the robot.
Trading approach
The author states that the robot trades using a channel line. When it is broken in the upward direction a long trade is placed and vice versa. The stop loss is determined by the ATR indicator.
From the custom records on the website we can see that the robot is using a virtual stop loss and take profit for each trade. There is no fixed time for it to place positions.
Pricing and refund
The robot is on sale, which costs the traders $49 after a 75% discount offered by the vendors. The company fails to provide the post-purchase feature of the system and doesn’t provide a refund policy.
Trading results
Unfortunately, Volatility Forex Robot doesn’t come with the backtesting records which the traders use to analyze the strategical approach of the system on historical data.
Vendors of the robot also fail to share live trading stats verified from trusty third-party websites such as Myfxbook, Fxblue, FXStat, etc. A few links are present on the products’ official website and are claimed to be the live monthly trading stats. From the presentation of the report, it seems like it was produced by using manual appraoch, but the developer is presenting it as if the trades are made on a real account.
The account balance in the given report is $4064794.17, with a gross profit of $68137.90 and a gross loss of $12864.40. The system participated in 611 trades with a profit factor of 5.29 and a maximal drawdown value of 0.02%. It is quite interesting to note that the total risk value over here is close to 0 which is nearly impossible for any algorithm.
People say that Volatility Forex Robot is…
Poor. On Forex Peace Army, there are 271 client reviews, giving them a rating of 2.251/5. A majority of unsatisfied customers left a review complaining about the unprofessional behavior of the vendor and came up with allegations such as providing fake data of the accounts.
Sadly, only a few people mentioned Volatility Forex Robot in their feedback. A trader from Panama left his review on Forexpeacearmy, stating that the developer is offering terrible EAs, and when he complained, they blocked him from sending emails.
Another customer from Lithuania commented that the customer support is terrible and advised fellow traders that they are scams and all the EAs are fake.
Verdict
Advantages
- Reasonable Pricing
Disadvantages
- No trading results and backtesting records
- No money-back guarantee
- Negative client reviews
- Little information about the strategical approach
- Lack of vendor transparency
Volatility Forex Robot Conclusion
Volatility Forex Robot doesn't come with any trading statistics which can be used to verify the efficiency and profitability of the robot. Negative testimonies present on the reputed platforms raise concerns over the expert advisor's credibility. The developer didn't disclose any details about the purchase package along with the system's refund policy and strategical approach. Vendor transparency is another red flag that makes it hard for customers to put their trust in this shady product.
