VOLD EA Expert Advisor Review
The VOLD EA, previously known as the VOLT EA, is an automated trading robot designed for scalping the US30 index during specific trading hours. In this comprehensive review, we will analyze its features, performance statistics, strengths and weaknesses to determine if it’s a worthwhile investment for your trading portfolio.
Overview
The VOLD EA is marketed as a “fast scalping EA” focused solely on the US30 index. It uses an undisclosed algorithm to detect trading opportunities and execute trades automatically.
Some key features include:
- Fully automated trading system
- Specializes in scalping the US30 index
- Fixed stop loss on every trade
- No martingale, hedging or other risky strategies
- Closed-source algorithm (undisclosed logic)
- Specific 1.5 hour trading window
The developer claims that the VOLD EA can deliver regular monthly returns exceeding 200% with a maximum drawdown of only 3%. However, as we’ll explore throughout this review, such exceptional performance statistics should be viewed with skepticism.
Trading Logic & Time Window
As a closed-source EA, the actual trading logic powering the VOLD EA is unknown. We can only speculate based on its behavior.
From the trades generated, it seems to use a short-term mean reversion strategy, attempting to profit from regular market oscillations. It likely uses indicators like RSI to identify oversold/overbought levels and trigger trades accordingly.
More notably, the VOLD EA is strictly limited to a 90 minute trading window between 16:30 – 18:00 London time. This represents the overlap between the London and New York sessions, which tends to see an increase in volatility and trading volume.
Restricting automated trading to these volatile hours can improve profitability. However, it also severely limits the total trading opportunities. As a result, the advertised 200%+ monthly returns seem unrealistic given the limited trading time.
Performance Statistics
According to the sales page, the VOLD EA can produce insane monthly returns of 200% or more, with drawdowns capped at 3%. However, when reviewing the statistics of public trading accounts using this EA, the actual performance is far more modest:
- Monthly Return: 2% to 10%
- Drawdown: 10% to 20%
While still respectable results, they pale in comparison to the vendor’s claims. This level of discrepancy is an immediate red flag when assessing the credibility of performance claims.
The backtest results and other metrics promoted for the VOLD EA should be considered hypothetical at best. Real-world results suggest far more moderate profitability within expectations.
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VOLD EA Strengths
- Fully automated trading saves time
- Specialized for scalping US30 index
- Uses fixed stop loss on every trade
- Free unlimited version available
- MT4 & MT5 supported
VOLD EA Weaknesses
- Unrealistic performance claims
- Underlying logic is undisclosed
- Restricted to small trading window
- Not a long-term set & forget EA
- Requires optimization for best results
VOLD EA Verdict
The VOLD EA offers traders a narrowly focused automated trading solution for scalping the US30 index during specific volatile hours.
While performance statistics from the vendor are outrageously exaggerated, user results still show respectable monthly returns between 2% – 10%.
However, the limited trading time, closed-source logic, and need for periodic optimization makes this EA better suited for active traders rather than passive investors seeking set & forget solutions.
For traders specifically interested in scalping US30, the VOLD EA for MT4 merits consideration. But expectations should be aligned with real-world user results instead of hypothetical vendor claims.
As always, best practice is to demo trade any EA extensively across different market conditions before risking real capital.