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Discuss ForexOverDrive.com

General discussions of a financial company
NFA and New Leverage

Is Overdrive NFA compliant in that it does not hedge or martingale? Also does it read the new US leverage of 50:1 and know sufficient or insufficient margin for opening new order on the MM feature? If any trader may know then please post as the info would be most helpful before decide to order this EA.

Thanks,
Big Steve
 
Can somebody tell me how do I make the EA pick its own SL/TP rather than me providing it as part of the input parameters?
 
To RobM.

Forex Overdrive, what can I say, I think it is great, I am still using it!

I have been using it live on FXCM since August 2010!

In that time it has had 14 losing trades!

Four of these trades were quite large losses which I inflicted on myself by manually closing them (I got jumpy as the market reversed against me)!

Big mistake!

They all turned around and went past the T/P! :unhappy:

So far (touch wood) I have not had a trade which has reached the set 328 S/L!

The largest loss so far, when closed by Forex Overdrive on my live account, has been £20.15!

Even with my own stupid mistakes, it is showing a profit of £955.44 :D

So to sum up, it is by far the best EA I have used so far (and I have tried quite a few)!
 
Overdrive...recommended???

Hi,

I have been trading forex for almost three years now and i have been putting some attention to the EA's lately . I have been doing some research and the robot that I get the most positive reviews from is Forex Overdrive....
has anyone tryied it?? would you recommend it??
I don't plan to use it as my primary advisor, but a few extra pips a month would be nice.

Thanks
 
how long has test been runnning?

Average Pips per Week: 62 (Gross Pips: 3868.6)
Get code for your site
Average Equity per Week: 0.99% (Gross Equity: 83.99%)
Maximum Equity used: 8.85% (2010 September 22, 06:41)
Test started: 03-03-2010 (Running 62.1 weeks)
Last Updated: 4 min ago

are these numbers correct?
 
Hi Albert,

Which broker are you using?

What concerns me is the vendor does not have real money account.
 
Forex Overdrive, what can I say, I think it is great, I am still using it!

I have been using it live on FXCM since August 2010!

In that time it has had 14 losing trades!

Four of these trades were quite large losses which I inflicted on myself by manually closing them (I got jumpy as the market reversed against me)!

Big mistake!

They all turned around and went past the T/P! :unhappy:

So far (touch wood) I have not had a trade which has reached the set 328 S/L!

The largest loss so far, when closed by Forex Overdrive on my live account, has been £20.15!

Even with my own stupid mistakes, it is showing a profit of £955.44 :D

So to sum up, it is by far the best EA I have used so far (and I have tried quite a few)!


so your having luck with forex overdrive? How much have you made? what did you deposit?
 
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