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Volatility Factor 2.0 Review: Is It a Scam?

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Volatility Factor 2.0

Volatility Factor 2.0 is a Forex expert advisor that claims to be well-suited to the market conditions of 2021. As per vendor claims, the robot has been winning non-stop for the last six years. This is quite a bold claim, but we need to conduct our own investigation to determine whether the EA can be trusted or not.

This is a product launched by the Seychelles-based FXAutomater team. We have little or no information about the company and we don’t know when it was founded. The vendor has not even revealed the details of the team members, so we can say there is a lack of vendor transparency. Other systems launched by this company include Omega Trend EA, News Scope EA Pro, BF Scalper Pro, Grid Master Pro, Gold Scalper Pro, and BF Grid Master EA.

This EA has a Broker Spy Module that lets you determine whether your broker is cheating you with slow execution speed, high spreads, or negative slippage. You can configure the orders based on your strategy and use the money management functionality for the automatic calculation of trading lot sizes. According to the vendor, the system minimizes slippage and price spread, but they haven’t provided an explanation for how it manages to achieve this.

The EA is FIFO and NFA and follows the Forex trading rules for the US. You can use micro, mini, and standard accounts and use any MT4 broker for placing your trade. Volatility Factor 2.0 works with 4 and 5 digits after the decimal point. The vendor provides a user guide using which you set the system up on your trading platform. By accessing the members-only area on the website, you can download the documentation and set files for the robot.

You can use this robot with a single live account and an unlimited number of demo accounts. Volatility Factor 2.0 follows a high-frequency trading approach. As we know, such a trading scheme demands a high level of expertise and is not suitable for beginners. The vendor offers 24/7 customer support to all customers.

Trading strategies and currency pairs

There are four currency pairs supported by the EA, namely USD/CHF, USD/JPY, EUR/USD, and GBP/USD. It follows the dominant trend in the market, looking for channel breakouts. We don’t have any technical information related to the strategy, which is disappointing. The lack of strategy insight might deter many traders from investing.

Backtesting results for GBP/USD

Backtesting results for GBP/USD

This backtest was conducted from 2010 to 2017 using 90% modeling quality. Using a deposit of $2000, the EA managed a total profit of $1692312.24 after making 9131 trades. There were 38 maximum consecutive wins and 8 maximum consecutive losses during the testing period. The profit factor for this backtest was 1.70, while the relative drawdown was 21.15%.

Volatility Factor 2.0 trading statistics

Growth chart for Volatility Factor 2.0

Growth chart for Volatility Factor 2.0

This trading account was launched on March 04, 2021. So the robot has not been trading live for too long, and this makes it difficult for us to gauge its profitability accurately. To date, Volatility Factor 2.0 has placed only 304 trades through this account, winning 82% of them and generating a profit of $605.60.

Trading history for Volatility Factor 2.0

Trading history for Volatility Factor 2.0

Looking at the trading results, it seems the robot is using a Grid strategy for extracting small profits from each trade. Most traders consider this strategy risky as it can lead to disastrous results when the market turns volatile.

Pricing and refund

You can purchase this Forex EA at the price of $227. It is not worth paying this much money for a system with a short trading history. The vendor has a 60-day refund policy for this robot and is currently offering it at a discount of $120 as a part of the summer special offer.

What else you should know about Volatility Factor 2.0

User review for Volatility Factor 2.0 on Forexpeacearmy

User review for Volatility Factor 2.0 on Forexpeacearmy

There are user reviews for this robot on Trustpilot. There is only a single review on Forexpeacearmy, but the website authorities have marked this as spam. As such, we can say that the robot does not have a stellar reputation in the Forex trading community.

Volatility Factor 2.0 Conclusion

2.6

There is no good reason to invest in Volatility Factor 2.0. It uses a risky Grid strategy and does not have a long track record of winning consistently in the live market. Furthermore, there are no authentic user reviews for the EA on third-party websites, so we are inclined to think it’s not a reliable system.

  • Price – 3/10
  • Strategy – 2/10
  • Trading Results – 3/10
  • Vendor Transparency – 3/10
  • Customer Reviews – 2/10
  • Support – 3/10

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