smelling scam..only a gut feeling,wait at least 1 year of live results with legitimates clients who get live trading proofs;.
'The Forex Sensation further reserves the right to reject a Forex Sensation purchase for any reason.' So phrase ANY REASON makes me believe they do not accept responsibility for they products/services. That is to say they want our money without trying to help traders to gain profit - scaming.
The EA only started trading yesterday. I have put Forex Cash Printer and Y-Combination on my live account. So far only Y-Combination has opened and closed some trades. The other one hasn't opened a single trade. I don't know how often it opens trades.
- ForexSensation in my backtest, it's around 0 to 2 trades per days, there are long period of times without trades. - There is a news filter on the EA (impossible to change it), so that explains also why some days don't have any trades. - Plus the Summer Time is set incorrectly (I was able to backtest it as it performes better with -1 hour in the tester), there is a patch for that - I also suspect that the pair shown on the website is not the one used by default by the EA (EURUSD)
For Y Direction, I don't like it, because, with default settings, using MM in backtest, it loose all the money in 1 week :( It needs to be set in fixed lots, in my opinion, because it used 'martingale like' way to recover loss. This system can be disabled.
I still consider the refund, I don't like the fact to have a patch 1 day after the release, to not being able to reproduce the perf on backtest. And also to have an extention release after 1 day after for 500$.
So until now, I still need to have proof of how this EA is performing. Maybe I will test the extention, not sure.
This sure reminded me of Forex World Cup Competition where they combined winning EAs into one EA called Fusion...do you guys still remember? Looks like the same marketing hype being used...as they always said..'history repeats itself'...
I also have doubts about the broker used..FX Choice....hmmmm
So far only Y-Combination has opened trades. It appears all trades are buy only even for the pending orders. No trade for the winner yet. I have just updated it to 1.01. There was no email notification to tell me there was an update. I found out in the download area.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.