Forex Overdrive

Forex Overdrive Expert Advisor Developer:
Developed by Cory and the Forex Overdrive Team.

Forex Overdrive Expert Advisor Summary:
Works on the EUR/USD and the GBP/USD currency pairs using the M5 timeframe.

Forex Overdrive Expert Advisor Setup:
Easy Setup.

Forex Overdrive Expert Advisor Pros:
- Multi-pair Robot (EUR/USD, GBP/USD, USD/JPY, USD/CHF (EUR/USD and GBP/USD recommended)
- 60 day money-back warranty

Forex Overdrive Expert Advisor Cons:
- It can have some considerable drawdowns due to its strategy.

Forex Overdrive Expert Advisor Price:
- $97.00 – Onetime fee

Credit Card Processor:
- ClickBank (Credit Card or PayPal)

From the back-tests provided by the official website and the testing posted on ForexPeaceArmy on a DEMO account we see that it’s doing very well lately, with no losses in the past 2 months as of writing this. What worries me is the high risk it takes even with the default settings which are the “lower risk” settings. Some back-tests have a drawdown of almost 30% and while those are supposedly higher risk settings, the tests on ForexPeaceArmy site with default settings also have some stop losses and high risk/award ratio that would result in big losses if hit. That’s something to watch out for in the long run, but so far it’s doing pretty well.

website: ForexOverdrive.com