In this post I will be reviewing the Volatility Factor EA. This is a forex robot (expert advisor) for the free MetaTrader 4 trading platform. The developer has other forex robots available that I have reviewed such as the Forex Trend Detector so there is no shortage of development knowledge/experience.
Volatility Factor Trading Strategy
The Volatility Factor EA attempts to trade in the direction of the trend and has been through extensive testing. It tries to take advantage of volatility in the market, detects trading channels, analyses price action around key areas and incorporates money management which can be customised.
The Volatility Factor EA uses a unique time management system and works on 2 of the major currency pairs – the EURUSD and GBPUSD. There are 3 risk modes to choose from, low, moderate and high. Additional features include maximum spread and slippage filters.
Volatility Factor Back Testing
The Volatility Factor EA website has long term back tests but they are very limited with ony 90% modelling quality. 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 Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Volatility Factor Summary
The Volatility Factor EA includes an easy to understand instruction manual for a quick setup even for beginners, full support, free updates and a 60 day no questions asked money back guarantee. You can head over to the Volatility Factor EA website to find out more information.