Volatility Forex Robot is a trading advisor that belongs to the FRT portfolio. The developers are very known on the market because of their negative reputation among former clients that wrote comments on Forex Peace Army.
Is investing in Volatility Forex Robot a good decision?
We can’t say for sure. The system doesn’t have verified trading results. So, it is impossible to check its efficacy and reliability to decide whether it is a good trading tool to invest in.
The company has been working since 2006. Negative comments on FPA mentioned that the robots the company offers consistently fail.
The developers provided us with some details about the robot’s performance and stability. We have systemized those claims in the following list.
The system knows how to execute orders automatically on the market.
The advisor works with a breakout strategy that works with a tunnel between highest high and lowest low based on the data from the past N bars.
So, the robot looks for breakout possibilities for those events.
It tries to follow the market direction in those cases.
There’s a channel stop feature that is further away from the market in times of higher volatility and higher trendiness and closer to the market in times of lower volatility and lower trendiness.
The major banks can trade against other market participants.
The entry point is calculated based on an average true range indicator.
The system calculates short term (3-4 days) and long term (15-20 days) ATR to get in a trade more precisely.
The ATR will be drawn over the chart to keep us informed.
It is calculated based on the past X bars.
The system analyzes data from ATR with the highest price in the last Y bars and draws the line.
We can work with all trading pairs.
It opens orders on all time frames.
MT4 is a terminal to trade on.
The advisor can be used on 4 and 5 digit brokers.
The system allows us to work with other trading solutions on the same terminal.
It’s possible to close orders manually.
There’s a trailing stop loss feature.
We have a money-management feature applied.
The default settings can be customized.
We can purchase a copy of the system for as low as $49. The developers provide us with a 75% discount to the price. There’s no details about the features the package includes. The offer doesn’t include any kind of backtest report.
The developers decided not to share any kind of backtest reports. It’s a con because we don’t have the final report to check and discuss.
There are monthly reports published from an account that is not verified. According to its number, it’s a demo one. We have this report formed on April 08, 2022. We don’t have verified trading results by Myfxbook or FXBlue.
This account has $4,042,708.87 on the board. So, this doesn’t look trustworthy. The gross profit is $15,047. The maximal drawdown is $400.00. There were 128 deals traded with a win rate of 82.61% for shorts and 81.71% for longs. The profit factor is 4.68.
Forex Robot Trader has a profile created on Forex Peace Army. There are 271 testimonials published that formed a 2.251 rate.
The former clients claimed that almost all their products aren’t profitable and can’t be used for making profits.
Volatility Forex Robot is a trading solution that was introduced by the Forex Robot Trader company. The presentation doesn’t include all possible explanations about how the system functions. There are no backtest reports and trading results provided either. So, it’s hard to predict how the system will work for us and what profitability we should expect to get from it.