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Forex Overdrive Performance Update #3 – Last One

Posted on November 24, 2010

Hi everyone. I’m back with an update regarding the performance of the Forex Overdrive robot. I’ve been testing this forex robot for a while now (Since 05-05-2010) and now being almost the end of the year I’d say it has been put through the crucible of the live forex market for long enough. This is the last performance update I will post before writing a final review – which will be coming up really soon (hopefully during the weekend.)

So will the final review be  positive? Hmm, I’m leaning more towards NO. I’ve started with a demo $10,000 IBFX account and after nearly 6 months I’m back at – wait for it  – $10,705. Not good to say the least. I was honestly expecting more because Forex Overdrive performed well during my backtesting.

Ok, that does it for this brief performance update. In a few days I will hopefully get a chance to post a final review. In the final review I’ll include a full performance statement in PDF format.

If you wish to share your opinion(s) of this forex robot please see this forum thread:

http://www.forexrobotsforum.com/showthread.php?t=29

Cheers,

Alan

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