I have the same CPU as you. Sure it's old and outdated for todays standards, but overclocked it can still compete even with the newest 4.2ghz FX processor. (Cinescore11 7.50) Like the person above said, you need to cool down your VRM if you are going to do any serious overclocking without crashing and you NEED a good cooler. Air cooling is alright, but don't expect the same as a nice closed loop water cooler like the Corsair h100i.
Ok for starters, you need to buy these bad boys to put on top of the vrm chips
http://www.newegg.com/Product/Product.aspx?Item=N82E16835708011
I installed those on my M4A88TD/USB3 and installed a nice 90 CFM fan pointing right at them. At full load at 1.5.2 voltage it never exceeds 38c which is great. (Core temps idle 18-20- full Prime load 35-38 MAX)Now, even with good cooling and ambient temps, do not expect miracles with this cpu. The HIGHEST i managed to get this cpu was 4.5ghz @ almost near 1.6 v and that is extremely high and i just did it to see if it even booted.
Now, from my experience, anything above 4.3ghz it starts to get a little unstable even with a good amount of voltage. Maybe i'm doing it wrong, but hey, even at 4.2ghz.It's good enough to run most games and programs at a very damn nice decent speed. Even with a overclocked Radeon 7980 GPU i notice that my CPU holds me down in some heavily cpu intensive games, which is a sign that one day i will need to do a nice FX 5ghz upgrade.
My Settings to get a decent STABLE 4.2 ghz Multiplierx 20.5 Ht/Nb both 2400Mhz - Ram settings stock timing 12gb 1033mhz (dont mess with ram settings these CPU's hate anything above 1033) Voltage 1.5.2