ForexSensation (by sensation) Quick Stats
Gain: +215.07%
Drawdown: 2.57%
Pips: 723.8
Trades: 102
Won:
Lost:
Type: Real
Leverage: 1:200
Trading: Automated

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ForexSensation Discussion
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ptaczek

Member Since Jun 24, 2011  8 posts ptaczek Oct 15 2013 at 14:36
90 days of live trading isn't enough proof of long-term profitability and robustness. Is there at least a backtest of the system over several years including 2008 and 2009, please?

The wisest men follow their own direction. - Eurípidés
rob559

Member Since Feb 11, 2011  1916 posts rob559 Oct 15 2013 at 18:06 (edited Oct 15 2013 at 18:12 )
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.

Jazz1964

Member Since Dec 09, 2009  7 posts Jazz1964 Oct 16 2013 at 05:17
contest is over - they stopped trading it after 11th October?

it's mainly about managing risk
investea

Member Since Oct 15, 2013  18 posts investea Oct 16 2013 at 08:36
I've bought this EA yesterday, but until now, I try to backtest it on the last 3 months, changing parameters to match the graph above.

Until now I've failed.
Using ticks data to backtest it I have only 38 trades and it's not as profitable as the graph above.

Really strange. I will consider to be refund.

therichonedemo1

Member Since Mar 15, 2010  30 posts The Super Rich (therichonedemo1) Oct 16 2013 at 09:44
I have just bought this EA today. I will try to update on how it performs.

To get rich by consistent and safe means...
farzadtahriri

Member Since May 16, 2012  28 posts Fred (farzadtahriri) Oct 17 2013 at 07:34
therichonedemo1 posted:
I have just bought this EA today. I will try to update on how it performs.

Hi sir, i am waiting for your response did you try yet your robot?

pip2cash

Member Since Mar 04, 2010  423 posts SIM (pip2cash) Oct 17 2013 at 09:18
They have up sell for the Winner robot extension. I think you need to get that extension in order to have the same result for the past 3 months. I am not sure about this, it is just what I think.

Please update any on the trading result as well as the refund process, whether successful or not.

Thanks.

therichonedemo1

Member Since Mar 15, 2010  30 posts The Super Rich (therichonedemo1) Oct 17 2013 at 10:57
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.

To get rich by consistent and safe means...
investea

Member Since Oct 15, 2013  18 posts investea Oct 17 2013 at 12:49
The things I was able to know until them:

- 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.

kobebeef

Member Since Jun 24, 2010  124 posts kobebeef Oct 17 2013 at 18:56
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

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EURUSD 1.16687 GBPUSD 1.27542
USDJPY 105.462 USDCAD 1.33478

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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.