EA Forex Overdrive - Pip Cop

zero9898 · 2011-02-22, 03:04 AM

Hi Guys,

I am newbie from Taiwan! It's really nice to join here to learn from all you experts.

I am interesting in EA Forex Overdrive, from all the info/data available from web, seems promising! Especially for the very high win rate

, however, the scary DD rate

, interfere the appetite..

Anybody has expierence with this EA? Give some advice.

Thanks

Tom

Dan · 2011-02-22, 06:25 AM

Hey Tom,

I am no expert but I can give you some information about this ea. First, here is a link from ForexFBI (http://www.forexfbi.com/forex-robots...-test-results/) that explains the ea and shows an account that demonstrates its performance (performance here seems inflated). Then, look at this link to Forex Peace Army (http://www.forexpeacearmy.com/metatr...ver_drive/demo). These results seem more realistic.

This ea uses a very high risk:reward ratio so the performance can sometimes be misleading. When the ea is doing good it looks great, but when it is doing bad it can really do some quick damage to your account. I do not have any personal experience with this ea but I hope this helps.

Good luck,
Dan

zero9898 · 2011-02-22, 11:04 AM

Hi Dan,

Your info. do help!

Thank you,

Tom