ForTrader.org magazine has previously reviewed Volatility Factor EA for the EURUSD currency pairHowever, let us remind you that the authors also recommended trading in the pound sterling. We suggest you to consider this option of working with the Volatility Factor EA. Recall that Volatility Factor EA advisor is built on the principle of grid trading, using the Bollinger Bands indicator readings.

Detailed description of Volatility Factor EA Expert Advisor you can find in a previous publication, let's immediately pay attention to the testing.

Testing conditions for the Volatility Factor EA:

The company: Gamma Markets LTD
Terminal: MetaTrader 4
Deposit: 1000$
Account type: real
Currency pairGBPUSD
Timeframe: М15
Permanent lot: 0,1
Expert's office hours24/7
Backtest: 2010-2011
Start of testing: 06.02.13
End date of testing: 05.05.13

Testing Volatility Factor EA for GBPUSD

Test results for 2010:

Download results of Volatility Factor EA test for gbpusd for 2010

Initial deposit: 1000$
Net income: 14081.17$
Maximum drawdown: 945.20 (15.63%)
Average profitable trade: 23.83
Average loss trade: -31.74
Maximum spread for work: 35 (5 digits)

The results of the EA test, according to ForTrader.org analysts, look very impressive, given the good net profit and low maximum drawdown without Money Management function.

Test results for 2011:

Download results of the Volatility Factor EA test for gbpusd for 2011

Initial deposit: 1000$
Net income: 4509.76$
Maximum drawdown: 1602.41 (34.31%)
Average profitable trade: 22.94
Average loss trade: -55.30
Maximum spread for work: 35 (5 digits)

The results for 2011 are much worse than the previous test, nevertheless the Expert Advisor is stable and we are trying it on a real account.

Monitoring the trading advisor
Volatility Factor EA discussion (download)
Download GBPUSD Expert Advisor Set