Comments on: Forex Over Drive EA Review (OverDrive Test Results)

By: jt

jt — Wed, 21 Sep 2011 11:42:18 +0000

€ 210 loss in three days with 1% risk

By: glucky

glucky — Wed, 24 Aug 2011 04:59:42 +0000

I bought this EA last month and try out with real account and balance $150.
Now get 48 trades all win,30 eur/usd and 18 gbp/usd total 922 pips

change only risk = 5 ,lot = 0.01,trate on Fri = true
Liteforex broker .

By: Rainer

Rainer — Tue, 16 Aug 2011 15:56:20 +0000

In reply to Lazytrader96.

this EA uses a Martingale Strategy. So large drawdowns can always appear.
You simply have to have more money than the market in the long run. 😉
It’s like gambling in a casino. If you always bet on red and double if you have lost, you get a good risk risk/reward ratio. But to stand this strategy with many consecutive loosing trades, you need to have large amount of money. So the wager (lot size) must be as low as possible.

Lazytrader: Can you post your URL to a statistics service like MT4i.com or MT4stats.com. U can publish your (past) trades there savely.

I want to test this on my VPS and will publish something, too. It will take some months.

I think, this EA will only survive if you run low risk (e.g. low wager).

By: Lazytrader96

Lazytrader96 — Mon, 01 Aug 2011 22:23:09 +0000

i’ve been running the robot for about two months. i find it MUCH better to use a 30 pip stop while running at least four or five pairs (majors only). While this robot is pretty profitable, I’d much rather get out of a bad trade now than miss out on other profitable trades while waiting for a bad entry to turn around. My rule of trading is if the signal that got you in the trade in the first place is no longer valid, why stay in it? Besides, the EA will easily make up the 30 pip loss. A 300+ pip stop loss is suicide, no matter what the strategy. Happy trading folks!

By: Ashraf

Ashraf — Sat, 02 Jul 2011 15:00:23 +0000

I am using forexoverdrive from last 3 months. It was working wel for 2 months(during refund period) but after that it is working poorly & my account is in loss making. Please don’t buy fprexoverdrive.Thanx.

By: GZ

GZ — Fri, 24 Jun 2011 09:30:01 +0000

In reply to Amy. That will drain your account in the first week. I wouldn't want to do that.

By: Amy

Amy — Wed, 22 Jun 2011 09:57:51 +0000

Does it have any way to setup this robot to open 5 same pair with a little bit delay .i mean not in same time .
For example i put 5 pair eur/usd 5m chart in platform and set it up to open with 20 secend delay from each of them .

Please assist me if it is possible
With best regard

By: Aman

Aman — Fri, 17 Jun 2011 09:37:08 +0000

I get margin call

By: Daniel L.W

Daniel L.W — Sun, 22 May 2011 16:46:30 +0000

Greetings KaiserSosay,

Are you still trying that setting??? On demo or real? How’s the outcome up to date?

Thank you.

By: Richard

Richard — Wed, 27 Apr 2011 16:21:20 +0000

In reply to adinyo. Adinyo, it seems that its not the EA problem so don't contact seller. Contact your VPS (Virtual Private Server) if you are running it in a VPS. Your VPS is openning twice thats why its has a double trade. It close your trade because you are getting a margin call as you run out of money in your account for the equity to use to trade

By: R ajesh

R ajesh — Sat, 23 Apr 2011 07:30:48 +0000

If you are going to purchase this Ea, be sure you are at high risk. This EA has no any strategy it either buy or sell randomly with a high SL, naturally out of 10 times 5-6 times you get 30pips, but in the movement market goes extremely against you loose every thing. Secondly the never respond promptly, and specially when you ask for a refund they keep mum.

By: charles

charles — Mon, 14 Mar 2011 19:58:31 +0000

admin what setting are you using to get your results on overdrive thanks

By: Tici

Tici — Sat, 12 Mar 2011 14:25:51 +0000

Hi
Admin, are you using V4? What settings are you use?
Thanks

By: Tom

Tom — Fri, 11 Mar 2011 22:39:14 +0000

I think if you have more balance in your account, like 10K it may do ok with some trades since it uses small trading amounts and you can go in negative for while. I noticed that sometimes it opens trades in the right direction, other times in the wrong direction causing huge draw back, but since it does small orders (0.6), it will eventually come back to some profit..However I would execute the trade myself with better result for the most time. I use it trading USD/CAD too and it does ok. I would definitively keep an eye on open trades and sometimes get out of them with smaller loss. I think with little luck it will pay for itself fairly quickly, just don’t let it to get in some huge losses..

By: bubbles

bubbles — Tue, 08 Mar 2011 12:30:15 +0000

this one was workign really well fo rme – then upgrade sent and it went crazy – it opened 2 trades in negative growing so high i was this short (-) of a margin call so cancelled them – so took 2 unnecessarily high losses. I do not feel safe trading with the EA now.. I have taken it off my account. I will speak to the sellers but it will be a long time before this one ever goes onto my live account again.

By: vino

vino — Fri, 04 Mar 2011 04:49:11 +0000

In reply to Big Steve. Plz do the need full actuly i tried many EA all not so good and losses huge money ,,so how about this overdrive EA and send me the downlad link

By: Marvin Doriot

Marvin Doriot — Wed, 09 Feb 2011 08:41:50 +0000

I have this expert advisor and have so for about 1 year. I took the gbp/usd off because it was opening some serious losing trades. In the last 6 months since I’ve traded only the eur/usd I have noticed a gain of about 50% on my account. Not bad.

By: Big Steve

Big Steve — Wed, 09 Feb 2011 02:48:20 +0000

I am a live Overdrive user and I have zero of the problems mentioned above. I made sure that when I opened my account with Alpari US that I opened a Pro account and I get true ECN execution and no dealing desk. I suspect that since the problems previously mentioned are news to me, that somehow you are getting clipped by the brokers dealing desk, or at least possibly your VPS is slow to revise your open orders. Try resetting your VPS once in a while and make sure your broker is giving you true ECN quotes. Also make sure your VPS is not over loaded with too many MT4 instances. Are you renaming your MT4’s? Do you run too many of them? All of these things will cause conflicts between instances of MT4. I have been with Overdrive since last fall and results are very different between all brokers. FXCM-US and Thinkforex were dead as bird bath poor results. And I mean those two brokers did zilch with Overdrive but Alpari US seems to be a favorable broker

By: raman

raman — Tue, 08 Feb 2011 11:53:21 +0000

In reply to Rogelio.

@Rogelio
Hi, no not using anything else. will try to trade wihout robots.

By: zeus

zeus — Mon, 07 Feb 2011 12:56:07 +0000

Hi!

I’m using Overdrive on a demo account for 1 months, but It doesn’t work very well. Do you guys have any idea how to make it profitable?