Performance
Forex Overdrive system is based on advanced algorithms, has a built in money management and trade management system.
Strategy
Forex Over Drive uses a complex trade entry logic mainly based on price action, moving averages and standard deviation but there is MACD, WPR, DeMarker and Stochastics used as well. To exit a trade there is a trailing stop used in combination with a fixed takeprofit and stoploss. According to the documentation Forex Over Drive is compatible to USDCHF, EURUSD, GBPUSD and USDJPY but it’s recommended to use it only on EURUSD or GBPUSD & EURUSD.
Results
Here is an image of a backtest produced by Forex Over Drive. Or is it?
Pricing
Forex Overdrive can be purchased through clickbank for $97 and appears to work on unlimited accounts.
Conclusion
Forex Overdrive says that their robot is different than every robot and this is what makes it so successful. This EA is nothing special and is actually quite misleading with it’s backtests. Another thing to note is that risk to reward ratio for this robot is terrible. I will approve this EA for purchase on the basis that it is a clickbank product and has a 60 day no questions asked money back guarantee.
I want to know from you, which of the forex robot is best for you?
It is hard to find a reliable forex robot now days as vendors are spewing out garbage every day. At this current point in time I think it would be safe to say that Forex Hacked is the best forex robot for me. No upsells, doesn’t have a massive sales page and uses live trading results which is everything you want to see.