In this post I will be reviewing the Volatility Factor 2.0 Pro forex robot. This is an updated version of the previous fully automated forex trading system aptly named Volatility Factor 1.0. The developers have been working hard to improve the original version. As per the previous version, Volatility Factor 2.0 is a forex robot for the free to download MetaTrader 4 trading platform. It does not require any previous trading experience as it will do all of the trading for you and can easily be setup in just a few minutes using the included instruction manual. The developer states that it is “The most powerful Forex EA on the market” which is indeed a bold statement and shows the great confidence they have behind the complex algorithms incorporated within Volatility Factor 2.0 Pro. Fxautomater are the developers of the Volatility Factor 2.0 Pro and have a large selection of forex robots that I have previously reviewed including News Scope EA Pro, Forex Trend Detector, Wall Street Forex Robot, Forex Diamond EA, Forex Gold Investor, BF Scalper Pro, Grid Master Pro, Smart Scalper Pro, Gold Scalper Pro and the Omega Trend EA.
Although a forex robot can be a hands-off solution for those of you who might not have the time or knowledge required to trade manually, there are some key advantages and disadvantages to consider. In this Volatility Factor 2.0 Pro review we will take a look the trading strategy that it uses along with the backtests and most importantly, any verified results. Hopefully this will help you to decide if the Volatility Factor 2.0 Pro EA is something that you would consider using on your forex trading account.
Volatility Factor 2.0 Pro Trading Strategy
The Volatility Factor 2.0 Pro forex robot includes a vast array of new features, trading 4 of the major currency pairs in the EURUSD, GBPUSD, USDJPY and USDCHF. The trading logic has been upgrade to be more dynamic thus tries to adapt quicker to changing market conditions.
There is a high impact news filter to avoid trading around the news. There is a new improved profit protection module. The trading frequency is increased and there is an advanced time management module for trading during set market times. All in all, there have been chanegs made across the board to the Volatility Factor 2.0 Pro robot.
Whilst the Volatility Factor 2.0 Pro EA is a fully automated forex trading robot, you could always set the software to semi-automated mode in which instance it would send you an alert when it finds a trading signal and you could decide from there if you would like to enter the market or wait for the next opportunity to come along. I would always like to perform my own additional market analysis where possible as extra confirmation for all trades. This could include technical analysis, fundamental analysis and price action analysis. Generally speaking, the more aspects of market analysis that you have covered, the more informed your trade decisions can be.
The developer has made all of the Volatility Factor 2.0 Pro settings externally available which means that you can adjust them via the inputs window when you attach this robot to the charts in your trading platform. You can always just use the default settings provided by the developer that have already been optimised but you should always check to make sure that the lot or risk size is set to a suitable level for your risk preferences as every trader is different in that respect.
For those of you who have the experience, you are free to experiment with the Volatility Factor 2.0 Pro robot settings to develop your own bespoke set files. I would use the MT4 strategy tester to backtest the software across different currency pairs and chart timeframes to discover unique combination of settings that match my trading style and goals. There are recommend currency pairs to use but that does not mean you cannot run it on other financial instruments. However, if you do wish to experiment with the Volatility Factor 2.0 Pro software, then you may want to do so on a demo account to begin with and see how things go.
Volatility Factor 2.0 Pro Back Testing
The Volatility Factor 2.0 Pro official website has some back tests covering 17 years across multiple currency pairs. It would have been useful for potential users to see 99% modelling quality back tests using Birts TDS in the MT4 strategy tester. This could have given an idea of the historical performance but of course would be no guarantee of future performance. For the upmost accuracy, back tests can be conducted using real tick data, variable spreads and including commission, swaps and slippage.
Volatility Factor 2.0 Pro Live Results
To their credit, the developers have shared a good selection of Myfxbook verified accounts where you can keep track of the latest Volatility Factor 2.0 results. This can help to give you an idea on how the EA trades to see if the statistics match up to your expectations in an automated trading system. I think the results are decent but it looks like they could do some work on trying to improve the money management as it seems as though one losing trade can take out multiple winners. If you had multiple losing trades in a row it could be difficult for the EA to recover. To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Volatility Factor 2.0 Pro Summary
Overall, the Volatility Factor 2.0 Pro forex robot is certainly different to Volatility Factor 1.0. It has some really unique and interesting features that help it stand out from the thousands of free and paid forex robots out there. There are also other safety features that have been implemented for many different scenarios, although I still believe that there is lots of room to improve the Volatility Factor EA in terms of money management. It may impact the win rate but a tighter stop loss could help to reduce drawdowns.
That being said, the software comes with full support, updates and a money back guarantee so you can even try it on a demo account to begin with and thus completely risk free. Please feel free to use the link below to visit the official Volatility Factor Pro website and get more information on the EA. However, you might wish to consider an alternative robot with more results and better quality back tests such as the Forex Flex EA. If you are looking for a forex broker to run your automated trading systems, IC Markets have tight spreads, low commission fees and excellent 24/7 support. They are one of my top choices for running MetaTrader robots.
Volatility Factor 2.0 Pro$249
- Multiple Currency Pairs
- Customisable Settings
- Versatile Forex Robot
- Backtests Available
- Fully Automated
- Full Support
- Detailed Instructions
- Free Updates
- Verified Results Provided
- Money Back Guarantee
- Limited Backtest Quality
- MetaTrader 4 Only
- Potentially High Drawdowns
- Requires User Input
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.