Volatility Factor
Volatility Factor is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. Its name points to market volatility. Its source code uses RSI, moving averages and Bollinger Bands. It has a trading-hours filter, can size trades from your risk and handles several symbols. It has 24 settings, for example Magic (default 2012345), EA Comment (default VolatilityFactor) and Signal 1 (default TRUE). Run it in the Strategy Tester and then on a demo account to see how it opens and closes trades. Inside: 2 EA files with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Expert advisor · MT4 · v1.0 · Free
About Volatility Factor
Volatility Factor is an expert advisor (trading robot) for MetaTrader 4 based on RSI, Moving Average and Bollinger Bands. It trades only in the hours you set (time filter), can size trades from your balance and risk percent and works on several symbols at once. It has 24 settings, such as Magic, Ea comment and Signal 1. MQL source code included.
Files in the download: VolatilityFactor_v4.0_4in1_edu.ex4, VolatilityFactor_v4.0_4in1_edu.mq4, Original Volatility Factor 2.0 Pro.url.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Magic | 2012345 | Magic number that tells this EA's orders apart |
| Ea comment | VolatilityFactor | Comment written on the orders |
| Signal 1 | TRUE | |
| Signal 2 | TRUE | |
| Signal 3 | TRUE | |
| Signal 4 | TRUE | |
| Max spread | 3.5 | Maximum spread allowed to trade |
| Slippage | 2 | Maximum slippage allowed when opening a trade |
| NFA | FALSE | |
| Auto gmt offset | false | |
| Manual gmt offset | 2 | |
| Dst usage | TRUE | |
| CS | ==== Custom Settings ==== | |
| Better price pips | 0 | |
| Max neg adds | 3 | |
| Force profit | 0 | |
| Force loss | 0 | |
| Fixed take profit | 0 | Take profit distance |
| Fixed stop loss | 0 | Stop loss distance |
| MM | ==== Risk Management ==== | |
| Recovery mode | FALSE | |
| Fixed lots | 0.1 | Trade size in lots |
| Auto mm | 0.0 | |
| Auto mm max | 5.0 |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Experts.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the expert advisor from the Navigator onto a chart, check the settings, allow Algo/Auto Trading and press OK.
- Test it first on a demo account or in the Strategy Tester.
Tags: Time Filter · Risk & Lot Size · Multi-Currency · RSI · Moving Average · Bollinger Bands · MT4 Expert Advisor · MQL4 Source Code