Volatility Factor 2.0 is an FX robot that claims to use advanced volatility technology for improved profits and reduced risk. As per the vendor, the expert advisor has generated 1621.1 pips in profit in 5 months.
This ATS is promoted by the FXautomater group and is a newer version of their earlier product, Volatility Factor. As seen with many of the products promoted by the group, there is not much info available on the vendor. We could not find details like the year of establishment, history, developers, or the team behind the service.
To identify a reputed and reliable FX robot you need to look at various factors like vendor transparency, strategy, performance, support, and a few other factors. All traders can’t assess these factors for every product. This is our team of expert analysts that has put together a list of the best FX robots. Have a look at the list. It will make the task of choosing a reliable system easier and profitable.
Volatility Factor 2.0 overview
The official website for this FX robot is well-designed with the features, strategy, results, and price featured on the home page. Separate sections are present for the FAQ, support, and blog. We find the information on the features and advantages a bit elaborate.
The main features of this FX EA are:
- Dynamic trading logic
- A unique broker spy module
- Advanced time management
- Spread and slippage protection
- High-frequency trading
- Assured long term profits
- High-impact news filter
- Automatic money management is present for the low, moderate, and high-risk trading styles in this software
To buy this FX EA, you need to shell out $227. As with many other robots in the market, this is a discounted rate from the regular price of $347. The features included in the package are one real account and unlimited demo accounts, an advanced news filter, a broker spy module, and support for four currency pairs. A 60-day money-back guarantee is present. When compared to the competitor products, the price is not expensive.
How it works
As per the vendor, the software will start working in less than five minutes after you choose a package, pay for it, and start the download. The system takes advantage of market volatility and configures the trades based on the strategy you choose or use the existing rules. It then tracks the open positions and closes them at optimum profit levels using its money-management settings. Factors like slippage and spread protection also influence trading.
As per the vendor, the strategy used is developed from several years of market modeling. It forms an algorithm that capitalizes on the volatility factors of the market such as the prevailing price level, drawdown control, and trading frequency. A backtesting result is present on the official site for the GBPUSD pair from 2010 to 2018 using the M15 timeframe. A screenshot of the report is shown below:
From the above report, we can see a net profit of 1692312.24 for an initial deposit of $2000. The profitability is 78.23% and the profit factor value is 1.70. A maximum drawdown of 15.10% is present for the account. The modeling quality is 90 % which is not sufficient to factor in crucial features like the slippage, spread, commission, etc.
The vendor boasts 17 years of proven results but provides only demo accounts as proof of performance. A demo USD account using the IC Markets broker and the leverage of 1:500 on the MT4 platform is shown here.
From the trading stats, we can see the total gain and absolute profit values are similar at 44.44%. A daily profit of 0.21% and a monthly profit of 6.61% are present for the live demo account started in March 2021. The drawdown value is 11.46%. From the advanced stats, the total number of trades is 478 for which profitability of 77% is present while the profit factor value is 2.02. The trading history reveals a lot size of 0.22 is used.
From the values, we can see the profits are not as high as claimed by the vendor. When compared to the backtesting result, the profit is low in the demo account. Furthermore, this can turn out worse for a real trading account which is probably the reason for the vendor not providing the real account results.
We found one review for this FX EA on the Forexpeacearmy site which has been declared as spam by the site due to the review coming from a location similar to the vendor. It is clear that the FX robot is not a reliable system.