Forex OverDrive Test

Due Diligence Test for Forex Overdrive


I was given a duplicate associated with Forex Overdrive to look at because it seems to be mentioned in a lot associated with locations like a excellent EA. I have been operating it on a demo account right now since the starting of this 30 days and that i will share my findings to date here in this particular post as well as still update this particular line on the partial-regular foundation to see in the event that we should move ahead for a reside check.


What is Forex Overdrive?


Forex Overdrive is and forex trading (EA) for that currency markets. This locations automatic deals based on it is personal group of rules without guide treatment. This presently deals both the Eur/Usd as well as Gbp/United states dollar sets about the 5-minute time-frame. This costs $97 United states dollar and it has the sixty-day money back guarantee. They offer through Clickbank . com which means your reimbursement is assured. You can check out the vendor page your self right here: Forex Overdrive


What's about the Merchant Web page? We discover the typical product sales stuff. Absolutely nothing too fancy, simply guarantees regarding overall performance and outcomes without providing you with and intimation about what the EA really does (I do not like this and it is something not many Expert advisor merchant webpages ever have). Just about all we all know is that the first exhibit of overall performance about the page is available in are the backtest along with just ninety% modeling high quality! Seems lazy in my experience. If you look, overdrive does not have a solitary reduction about the backtest (REMEMBER THIS), therefore it is equity curve is really a collection which increases with no alter (it takes a reduction in order to deform this). This bothered me immediately.


Lower down about the page you find the "real" assessments which don't allow you see ANY of the logical amounts at the end (hmmmmm, I wonder the reason why) and when you look, you will find some losses in there plus they are Large. However scroll right down to the bottom in order to find the profit amounts you are searching for. It does not demonstrate starting balance to keep your complete profit acquired in viewpoint. The actual numbers seem to be situated completely to hide the real products within analytical conditions we're searching for and display the very best perspective. FROM THE Merchant PAGE On it's own We now have VERY, Excellent Cause TO BE Cautious!!!!




What about a few truthful-in order to-goodness Omar amounts through my personal demonstration check instead????? Haaa Haaa Forex Overdrive, you can't conceal through which!!!!




Forex Overdrive Demonstration Test Outcomes (2/02/2012-two/twenty one/2012)


Trades: 19
Wins: 17
Win %: 90.forty seven% (searching very good to date correct???? however wait there's much more!)
Typical Earn: +thirteen.seventy eight Pips
Average Reduction: -328.zero Pips (Indeed THAT'S OVER 300 PIPS, NOT A TYPO)
Reward Danger Ratio: one/twenty three.eight (Takes a ninety five.9% win rate to BREAK Actually)
Revenue Element: 0.37 (not near the target AT ALL)


Acquire/Loss For Test (%): -4.22%
Gain/Loss For Check (Pips): -421.7




WOWZERS!! Individuals are not therefore fairly after all!!! But how does it trade???? Well, it trades on the 5-moment graphs with a stop loss of more than three hundred pips that helped me scratch my mind! Most 5-moment systems possess tiny little stops. It features a maximum take revenue associated with 25 so it appears to want to grab quick techniques however you never know??? I can not understand why it makes its way into whenever and just how it does to ensure that is really a danger signal as well. It appears to become following the close to-phrase pattern as well as appears to enter from numerous factors during the day. The actual configurations for capital t/p as well as s/l are adjustable however isn't this system designed to have a method for your??? You can find a lot of generic pattern using Expert advisors that you can make your own through modifying those configurations and get this free of charge. The actual "sauce" of a commercial EA of this variety would be the outstanding stability of capital t/p as well as utes/l so that s/l is big enough to increase win % but not so big that it wrecks R/Ur ratio. Obviously default configurations right here produce a terrible R/R percentage and hang the actual win % bar excessive I can't honestly observe how this particular EA will make money in the long run. In the very first 30 days associated with testing (which I may add isn't more than yet) it has already used two full stop losses and is over four hundred pips. Not really what we are looking for within something to trust our real funds with!!!!


We shall see!! I'll keep everybody submitted on the progress, if this is a poor month and it blows up later on, there might be a live test in its long term after all. At present, I'm not amazed. Allow me to know what you all think !!!!





Ref :
http://www.forex-fxtrader.com/