Volatility Factor EA v 3.0 - testing on EURUSD
Volatility Factor EA - trading expert from the developers of Wall Street Forex Robot, which is also presented in the laboratory of fortrader.org magazine. This robot is an algorithm based on a grid of orders, built on the results of the Bollinger Bands indicator.
The main weak link Volatility Factor EA is StopLoss, which, if the circumstances are unfortunate, may result in a loss of one fifth of the deposit. Nevertheless, for 2 years of testing the robot, such moments have not occurred, and the risk, as we all understand, with high profitability, is always present.
In the work of the Volatility Factor EA is very convenient, it independently distinguishes how many digits and you after the decimal point. In addition, since we are still dealing with small profits, experts fortrader.org, recommend setting limits on the possible spread. The authors of the Expert Advisor recommend trading with EURUSD and GBPUSD. In testing the Volatility Factor EA we will focus only on the euro.
Volatility Factor EA parameters
Among the important parameters of the Volatility Factor EA we recommend to pay attention to:
– MaxSpread - the maximum possible spread of a currency pair. For EURUSD we use 3.5.
– Slippage - maximum allowable slip.
– BetterPricePips - minimum distance to the possible next order. If the value is 0, standard settings from the EA code are used. For EURUSD it is 6.
– MaxNegAdds - number of orders opened in case of drawdown.
– ForceProfit (ForceLoss) - total profit (loss), when reached, the order grid is closed.
– FixedTakeProfit (FixedStopLoss) - fixed profit (loss) for each deal. It is set at will of the trader.
– RecoveryMode - MM parameter, increases the deal lot after drawdown until the deposit is restored.
– FixedLots - fixed lot for each trade. In testing fortrader.org uses the value 0.1. Does not work with AutoMM>0.
– AutoMM - function of automatic lot definition when using Money Management. It is recommended to limit the value to 1.5.
– AutoMM_Max - the maximum lot that can be placed on a trade when using Money Management.
Testing conditions for the Expert Advisor:
The company: Gamma Markets LTD
Terminal: MetaTrader 4
Deposit: 1000$
Account type: real
Currency pair: EURUSD
Timeframe: М5
Expert's office hours24/7
Backtest: 2010-2011
Start of testing: 06.02.13
End date of testing: 05.05.13
Testing of the EA Volatility Factor EA
Test results for 2010:
Download the test results of the VolatilityFactor_v3.0 Expert Advisor for 2010
Initial deposit: 1000$
Net income: 6527.50$
Maximum drawdown: 527.20 (6.98%)
Average profitable trade: 11.56
Average loss trade: -22.34
Maximum spread for work: 35 (5 digits)
Test results for 2011:
Download the test results of the VolatilityFactor_v3.0 Expert Advisor for 2010
Initial deposit: 1000$
Net income: 5154.97$
Maximum drawdown: 1236.78 (31.74%)
Average profitable trade: 12.10
Average loss trade: -29.43
Maximum spread for work: 35 (5 digits)
The maximum drawdown in 2010 is encouraging, but the fact that it grows significantly in 2011 is alarming. Nevertheless, according to ForTrader.org experts, the Expert Advisor deserves to be tested on a real account. Let's take a look at the results.