The Volatile Action Metatrader 4 Forex Robot is an algorithmic trading software that considers a market trend as being made up of impulse and correction waves.
Impulse waves are said to be characterized by high volatility of bars and they tend to move rapidly towards the prevalent trend.
The idea is to jump into the market at the beginning of the impulse wave.
Seemingly, the Volatile Action forex robot deploys a set of logic that is used to trace the trend on the 4- Hour chart using the Alligator indicator.
It also traces price volatility on the 30-minute chart and then open positions when it explodes towards the trend.
Traders can deploy the EA on any currency pair, 4- and 5- digit quotes, but higher volatility pairs will obviously fit more.
Strategy Tester Report
Find below the Volatile Action forex robot strategy tester report for the XAU/USD (Gold) on the 30- Minute chart.
The EA made a total profit of $1144.41 from a total of 218 trades. The largest winning trade generated $133.09 in profits, while the largest losing trade generated a loss of-$56.64.
Bars in test: 92983 ticks modelled
Initial deposit: $1000.00
Total net profit: $1144.41
Total trades: 218
Largest profit trade: $133.09
Largest loss trade: -$56.64
Consecutive wins: 2
Consecutive losses: 2
MT4 Forex Robot Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Expert advisor
Input Parameters: Volatility coef., Magic Number, Leverage, Fix_Lot, Coefloss, Coefprof, ATR
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Impulse | Alligator | ATR
Copy and paste the volatile_action.mq4 into the MQL4 Experts folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Experts (paste here)
Also, if trading XAU/USD, there are some tips you should consider when trading gold on Forex .