Forex Overdrive

Forex Overdrive's website

Users Rating:

Editor's Rating:

Forex OverDrive is said to be designed for long-term growth, but it can be used for short-term growth as well. The system is completely automated and works on the Metatrader 4 platform. Once it’s installed, you only have to run Metatrader 4 and the robot will enter trades according to set parameters and close trades in the same way – all on autopilot.

Price: $97.00

Date: January 04, 2012

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Views: 210

Reviews: 6 Reviews

  • User's Rating:

    Overall Rating

    Consistent Performance

    Risk Management

    Lots of winning trades

    THE GOOD:

    great trading record with lots of winning trades.

    THE BAD:

    smaller lot sizes, so you won't see huge pip gains in trading sessions

    REVIEW:

    Great money management controls with trailing stop to keep profits. a lot of wins on small lots means that you'll see consistent profit rolling in. you get a lot of smaller wins, which adds up to big profits in the long run. definitely recommend this bot.
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    REVIEWED BY:
    Eric N
    Jan 11,2012

  • User's Rating:

    Overall Rating

    Consistent Performance

    Risk Management

    Very few losses, Great support

    THE GOOD:

    High winning ratio, great value for price.

    THE BAD:

    Big stop loss can be worrying to some

    REVIEW:

    this system is a winner. it doesn't win 100% of the time, of course - what system does? - but i've seen very consistent gains and little loss. If you can stand the big stop loss, you'll see that in the end the amount of winning trades covers it in the end, leaving you in the money.
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    REVIEWED BY:
    Brett W
    Jan 11,2012

  • User's Rating:

    Overall Rating

    Consistent Performance

    Risk Management

    Clever EA

    THE GOOD:

    It wins very, very, very often.

    THE BAD:

    Stop-loss is very large, so only one bad trade and you can lose all the profit, and sometimes more.

    THE BOTTOM LINE:

    The robot runs on two pairs EURUSD and GBPUSD, but I noticed that the better works on GBPUSD pair. In addition, the robot operates a slightly different on a demo account than on a live account, probably it depends on the broker.

    REVIEW:

    It can be an additional EA for portfolio, but use it better with a very small deposit.
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    REVIEWED BY:
    Marcus
    Jan 24,2012

  • User's Rating:

    Overall Rating

    Consistent Performance

    Risk Management

    Good wins in a short time

    THE GOOD:

    Owned the bot for 3 months now, and still earning for me. Strong performer.

    THE BAD:

    big losses can cancel out your hard earned trades, but rare

    REVIEW:

    5-25 pip trades that add up in the long run, big losers are a risk, but they also turn into big winners occasionally so definiteyl check this one out
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    REVIEWED BY:
    Karl Hanson
    Feb 25,2012

  • User's Rating:

    Overall Rating

    Consistent Performance

    Risk Management

    Profitable bot

    THE GOOD:

    Been running this bot for a couple months and have seen some decent profits on the five pairs im trading.

    THE BAD:

    Be careful about the martingale strategy - you could end up twith some major drawdowns.
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    REVIEWED BY:
    Nicholas
    Mar 3,2012

  • User's Rating:

    Overall Rating

    Consistent Performance

    Risk Management

    wins, slow coming but great wins over time

    THE GOOD:

    Running 4-5 pairs, keeping the SL low, and been seeing consistent gains.

    THE BAD:

    if you don't set the stop loss, this bot can hurt you big time. you can roll the dice to see if the trade will rally, but I like to keep risk tight
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    REVIEWED BY:
    Walter Prichett
    Mar 14,2012