Forex Over Drive is an advanced trading robot that runs on the MetaTrader4 platform utilizing various indicators to spot specific entry points. They claim that it has a capability of making 150% profit every month. However, their evidence you’ll see on the sales page doesn’t look too trustworthy and, like many other forex robots, I had a strong doubt if they can live up to their claims. So I give forex over drive a try, and here is my honest and unbiased review,
Forex Over Drive Robot Specifications:
- Currencies Supported: EUR/USD, GBP/USD, USD/JPY, and USD/CHF.
- Customizable settings: Change Stop Loss, Take Profit, and Trailing Stop as Desired.
- 100% automated, hands free: requires absolutely no human intervention.
- Built-in money management feature.
- MetaTrader 4 Forex Platform
- 5 Minutes Installation
- Tested in ALL market conditions
- Live Support – 24/7
- 60-days money-back guarantee!
The Results with Forex Over Drive Demo Account
How did Forex Over drive perform? I was pleasantly surprised with the results I had while using Forex Overdrive. I first placed the robot on a $5,000 demo account as I was not willing to allow the expert advisor to take over my live account just yet. After 1 week of trading on the demo account I was shocked to see it had grown to $5,489.29.
The robot had placed 18 trades between Monday early morning and Friday evening. 17 were winners and one was a loser, with a max drawdown of only $76, or 1.5%.
The next week, still too timid to place it on a live account it increased the demo account from $5,489.29 to $5,940.54 with 16 trades, 14 winners and 2 losers.
CON’s of Forex Over Drive Robot
Forex Over drive robot claims it enters trades based on a number of indicators hitting specific criteria, yet there is no mention on the website or in the manual as to which indicators or what types of markets the EA thrives in. Also included was a free indicator “FX Trend Catcher” which I checked out briefly but didn’t find it that useful.
Occasionally, it has a somewhat high drawdown, but this is compensated by the high win to lose ratio. Setting isn’t too flexible, it is a careful robot that builds your equity slowly, but can be modified with settings to go for high growth, I do not recommend this as I have found Forex Overdrive is much more stable on reduced risk mode (5% to 15%).
But enough about the negatives, the expert advisor did come with a nice installer and a fairly comprehensive manual. It works great, and it functions best on EURSUD and GBPUSD. What could be more important than result it can produce, especially in this industry where so many forex robots are out there and giving out the promises they can’t fill in? I highly recommend that you check out this robot.
Click Here to Download Forex Over Drive Robot
Popularity: 65% [?]
Be The First To Comment
Related Post
Please Leave Your Comments Below