I have bought many Forex robots or Expert Advisors through Clickbank,
Plimus, etc. and typically I see the exact same results - your account
burns up within just a few months, or even days. Regardless of what the
promises are, the results will always be the same, inferior at best. So
obviously I became hesitant when I was contacted by the creators behind
Forex Overdrive to give their new product a go for 14 days. After a
little coaxing and cajoling I said sure, after all it would not cost me a
penny and there was always the possibility (although low) that this
forex trading program could possibly be distinctive from the others.
First just a little background on Forex Overdrive. This particular
expert advisor claims it enters trades influenced by several indicators
affecting certain criteria, yet there is no mention on the website or in
the manual as to which indicators or even what kinds of markets the
Expert advisor thrives in. Additionally, it does not have a setting that
other popular forex robots have - a setting to regulate risk. But
enough about the negatives, the ea did include a good installer along
with a fairly detailed manual. Also included was a free indicator "FX
Trend Catcher" which I tested briefly however I didn't find it that
beneficial.
I tested Forex Overdrive for about 2 weeks ad I intend on maintaining
the EA on my live account for some time to see how it performs, as 14
days of live currency trading really isn't a sufficient time to make an
accurate verdict as to the usefulness of this robot. Thus far I've only
got good things to say of the efficiency of Forex Overdrive, but only
time will tell how productive this expert advisor will be. Many thanks
to the Forex Overdrive team for giving me a pre-release copy for
evaluation.
To see the results I achieved while using Forex Overdrive please click on the link below.
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