Anyone trying Forex Overdrive?

wokaihwokomas · #1 (**permalink**) 30-04-2010, 06:41

Been following Forex Overdrives progress on forex-robot.com (they live trade some forex robots to test them) It looks pretty good any one have any thoughts?

Egwig · #2 (**permalink**) 30-04-2010, 09:59

Quote:

Originally Posted by wokaihwokomas

Been following Forex Overdrives progress on forex-robot.com (they live trade some forex robots to test them) It looks pretty good any one have any thoughts?

This may be interesting.

4shared.com/file/255023441/9cdc0895/Forex_Overdrive.html

Egwig

whitney01 · #3 (**permalink**) 05-05-2010, 13:04

hi,

since you are following the forex overdrives progress what are the new updates about it. Can you give me some of the updates for it.

thanks,
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adria · #4 (**permalink**) 12-06-2010, 13:30

Not really, i am not sure about Forex Overdrives. But after reading your post, i made a searched at Google and i found this robot quite interesting.

jason · #5 (**permalink**) 17-08-2010, 09:32

Never heard of Forex Overdrive before but when googled it I found this article about Forex Overdrive http://www.forexscambuster.com/revie..._buy_this_scam. It says that it is a SCAM.

sabrinathomas · #6 (**permalink**) 24-08-2010, 15:20

Yes i know about forex Over drive, It is a forex robot. But i don't know much about forex over drive. There are so many forex brokers who provide forex trading robots, some of them are good and some of them doesn't perform well, so after using any particular robot anyone can say something about that particular robot.

JuliaKhanam · #7 (**permalink**) 04-09-2010, 10:25

First a little background on Forex OverDrive. This expert advisor 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. It also lacks a setting that other popular forex robots have – a setting to adjust risk, from conservative to riskier.But enough about the negatives, the expert advisor did come with a nice installer and a fairly comprehensive manual.

Also included was a free indicator “FX Trend Catcher” which I checked out briefly but didn’t find it that useful. The Results with Demo Account : So, how did Forex Over Drive Review 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

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sabrinathomas · #8 (**permalink**) 10-09-2010, 08:01

Forex Overdrive is an Expert adviser, it is used for implementation low risk long term strategy. If you are willing to trade safe game, then you can start trading on blue chip or large cap stocks. As I am already trading with UFX Bank, and it provide me nice strategies and tips, so that I can make money with low risk.

Dreda · #9 (**permalink**) 11-09-2010, 00:24

This Forex Expert Advisor works just with the USD/JPY Pair, which I personally love from a day trading point of view, but with the FX Funnel it works for me so that I don't have to sit and watch a computer monitor all day! It monitors the market trend and then sets points at which it will enter the market by buying or selling the relevant currency. It automatically sets the "Take Profits" and "Stop Loss" points to make a reasonable profit on a regular basis.
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jackie101 · #10 (**permalink**) 11-09-2010, 05:58

I consider manual trading best for me. I find my trades better controlled and easy. For me Forex robots are confusing and really complicated.