Forex Over Drive

Forex Over Drive Overview

(3 out of 5 stars)



Forex Over Drive only receives 3 stars rating. It has lowest ROI 5.8% monthly, no published profit factor and a high Max Draw Down of 21%. Forex Over Drive popularity from Alexa Traffic Rank: 453,393 which is the least popular among all Forex EA.

Forex Over Drive score 190 for S3 grading because it feature live real test results and posted history back tested results, a comprehensive FAQ section, money back guarantee and instant access to download the software.

How this Forex Trading Software rank among others?

Attach a table below summary of Forex EA software comparison using ROI, Profit factor, Max Draw Down, S3 scores and Alexa.com rank. Forex Over Drive is high lighted in Red colour.



Forex EAROI (Monthly)Profit FactorMax Draw DownS3 ScoresRatingAlexa.com
FAP Turbo207%31.770.32%280 points5 starsRank 31,123
GPS Forex Robot28%3.935.68%260 points4 starsRank 283,290
Forex MegaDroid19.8%NANA250 points4 starsRank 72,310
Leo Trader Pro32%2.855.84%250 points4 starsRank 213,570
Forex BulletProof11%1.3219%250 points4 starsRank 309,467
Million Dollar Pips925%2.132.58%240 points4 starsRank 75,635
Forex Growth Bot148%1.669.05%190 points3 starsRank 214,229
Forex Over Drive5.8%NA21%190 points3 starsRank 453,393



Stretegy Tester Report


Forex Overdrive only published a short tested result. (Click on below picture for detail). Only execute 34 trades.

 The account started with $150 and yield $658 over 34 trade. No profit factor stated and a maximum draw down of 21%.

Note:
Profit Factor is gross profits divided by gross losses. (Higher value better)
Winning trade percentage is total win trades divided by total trades (win+loss). (Higher value better)
Maximum draw down percentage is the highest losses you have divided by account balance. (Lower value better)


Trade Result Analysis

Forex Over Drive is a simple yet effective Forex trading program. The profit may be small but over time it will still provide consistent profits to the user. (Click on the picture to see in detail)

Attached screen shot from Forex Over Drive with balance $33k from 2010 Aug 18. As of 2012 Jan 31, the balance stand at $75k, this giving an ROI of 5.8% monthly over 16 months. This is much higher then stock and shares return.


What strategy is it?

Attached trades review for Forex OverDive from 20 Dec 2011 to 31 Jan 2012 (23 trades). (Click on the picture to see in detail)
 
Forex over drive here trades GBPUSD and EURUSD currency pair. With money management as the trades lots open buy/sell depending on the account balance. The trades executed at 24 hours without any time duration show it is using trend charts to execute the triggering of trades.

The winning profits pips range from 6 to 20 pips with stoploss at 300 to 330 pips. A higher winning ratio of more then 90% is required as the win pips to loss pips ratio is at 1:30.

Forex Over Drive seems to be trading only GBPUSD and have different profit wins from 5 to 35 pips. Which trades are executed with trailing stoploss if the trade is going with the trend. But will huge losses at 300 pips. Seems to work best when it is trending.


S3 Grading Scoreboard

My S3 Grading for Forex Over Drive score 190 for S3 grading because it feature live real test results and posted history back tested results, a comprehensive FAQ section, money back guarantee and instant access to download the software.







Total score = 190 points
(3 out of 5 stars)


Not enough? Read more...

Click here to access the website for 2 more live trading account, 7 Question and Answer and instant access to download the program ---> Forex Over Drive




Top Forex Automated Trading Expert Advisor (EA)


Forex EAROI (Monthly)Profit FactorMax Draw DownS3 ScoresStar RatingAlexa.com
FAP Turbo207%31.770.32%280 points5 starsRank 31,123
GPS Forex Robot28%3.935.68%260 points4 starsRank 283,290
Forex MegaDroid19.8%NANA250 points4 starsRank 72,310
Leo Trader Pro32%2.855.84%250 points4 starsRank 213,570
Forex BulletProof11%1.3219%250 points4 starsRank 309,467
Million Dollar Pips925%2.132.58%240 points4 starsRank 75,635
Forex Growth Bot148%1.669.05%190 points3 starsRank 214,229
Forex Over Drive5.8%NA21%190 points3 starsRank 453,393

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