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ForexSensation (By Forex Sensation )

Gain : +215.07%
Drawdown 2.57%
Pips: 723.8
Trades 102
Won:
Lost:
Type: Real
Leverage: 1:200
Trading: Automated

ForexSensation Discussion

fxgtc
Nov 07 2013 at 19:42
1 posts
you guys have been completely scammed.
The EA seller has been in cahoots with FXchoice broker. Then they build live history into an account via MT4 server that is most likely a white label only.

For goodness sake only buy EA with history from a recognised/and or multiple brokers.
This why EA cant update in real time, cos trades were never real.
Seller nets a quick 250 sales @$1000 a time. Closes sales and go on holiday.
Jandre
Nov 07 2013 at 22:45
8 posts
fxgtc posted:
you guys have been completely scammed.
The EA seller has been in cahoots with FXchoice broker. Then they build live history into an account via MT4 server that is most likely a white label only.

For goodness sake only buy EA with history from a recognised/and or multiple brokers.
This why EA cant update in real time, cos trades were never real.
Seller nets a quick 250 sales @$1000 a time. Closes sales and go on holiday.

Clickbetter has a 60 day money back guarantee but will they honor it? I would imagine that forexsensation would stop refunding as soon as everyone has caught on? How can they stop paying refunds if clickbetter has a money back guarantee?

Terms of sale:
 
- ClickBetter will allow for the return of any product within 60 days from the date of purchase. Refund Policy.
- The geographic location of your computer has been recorded. All attempts at fraud will be prosecuted.
- Information submitted with this order is handled within the constraints of our Privacy Policy.
- Your details may be provided to the original vendor of this product upon completion of this purchase.
FXdome
Nov 08 2013 at 03:19
128 posts
I do not believe that they will not honor the refund as clickbank is holding all the funds for 60 days for each purchase so actually forex sensation guys do not have the money until the 60 days are over.
nikola_s
Nov 08 2013 at 06:36
37 posts
I agree with you completely! Nothing to fear!
nikola_s
Nov 08 2013 at 06:39
37 posts
FxPhil
Nov 11 2013 at 06:05
88 posts
Attached is the excel version of the just published almost 2 year EURUSD 99.9% tick data back test of ver 1.11 with the 4th Strategy. The averaged monthly ROI is 12.85%. There was a 36% Balance drop early in the trading sequence. So this EA can have a significant loss, that in this test took approx 2 months to recover.

Much more detail in the condensed excel file.

Attachments:

Tamas
tomasandor
Nov 11 2013 at 09:24
6 posts
FxPhil, thanks for the update.
Can you try it out with S1=false, too?
Because my backtests (90% only) showed that S1=false, S2=true, S3=true, S3_Aggressive=false and S4=true is the most clearly increasing.
FxPhil
Nov 11 2013 at 12:33
88 posts
Revised spreadsheet showing more detail about the 36% running loss event.

Attachments:

FXdome
Nov 11 2013 at 13:43
128 posts
Thanks FxPhil for the back test. Can you also run one with S1=false ? I like to see if that would give a better results as I am turn off S1.
FXdome
Nov 12 2013 at 04:58
128 posts
I think the best way for the vendor to convince us that the EA does work the way it should is to post the Oleg's live 100k account here so we can compare the trades. That way we know he is confident enough to risk 100k on this EA the vendor is selling to us.
FX3422271
Nov 12 2013 at 15:59
11 posts
I also purchased this EA yesterday and has not made a trade yet. I think it is good for traders to communicate about these products. I have the regular default settings on the EA but considering changing them to the contest settings.
FXdome
Nov 12 2013 at 16:48
128 posts
I got a buy of EURUSD at the top of the spike today resulted in a stop loss. Not a reliable EA.
FX3422271
Nov 12 2013 at 18:32
11 posts
Seeing as though I bought this EA based on the advertised results, I will use the contest settings and monitor it for 30-60 days. If it does not produce something similar to what was advertised I will ask for a refund.

Just like in trading you must have rules and stick to them.
FX3422271
Nov 12 2013 at 19:36
11 posts
nikola_s posted:
I have a new trade: https://www.myfxbook.com/members/nikola_s/fxs1/741404

Thank you FX Phil, for your hard work and analysis.

Although strategy 4 might have a 12% ROI after 36% drawdown I won't keep it because there are $99 EA's out there which can promise the same thing. The fact is that this EA costs $937 and apparently it cannot deliver the results that were advertised.

A failure to plan is a plan for failure.
richbugger
Nov 13 2013 at 08:41
127 posts
how did I know that this EA wouldnt perform the miracles it was performing before in the testing phase. Listen people, the truth is most of these overhyped products are designed to take your hard-earned money. I've learnt the hard-way. Best keeping your money in your own pocket.
nikola_s
Nov 13 2013 at 13:59
37 posts
This is true. I will demand my money back!
richbugger
Nov 13 2013 at 14:26
127 posts
Maybe give it some time then ask for refund if you're not happy just before the refund lapse period
FxPhil
Nov 13 2013 at 14:59
88 posts
Guys here is a bit more info.

Took the spreadsheet I made from the 4 Strategy 99% back test and did a few adjustments.

Set $10,000 as the balance before the trade on 15 July 2013.
Adjusted the Risk to generate the same size trade as the 1st trade in the contest and allow that Risk to carry forward.

Guess what?

The adjusted backtest Balance as of 11 Oct 2013 (last trade on the contest) was $29,051, which is very close to the actual $31,507.

So that does support the latest 4 Strategy back test as maybe being close to reality and shows what we are currently seeing may be just a difficult time for the EA as it experienced in the start of the back test.
youngchang
Nov 13 2013 at 15:15
390 posts
Hello EA buyers,

Any one get refunded??

I have requested refund 12 days ago but still no refund yet.

Please inform here, I wonder they really refund it to the purchaser within 60 days

Thanks.
SIM
pip2cash
Nov 13 2013 at 15:25
423 posts
Good info, please keep everybody updated here.
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