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ForexSensation (By sensation)

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

ForexSensation Discussion

FxPhil
Nov 13 2013 at 15:58
88 posts
Hi Young Chang,

Did you get confirmation that they had accepted your refund request, they were processing it and you would get your money back?

FX3422271
Nov 13 2013 at 15:59
11 posts
FxPhil posted:
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.


That is interesting but someone else already did various backtesting with different strategies and different risk appetite, aggressive true/false, etc. They found that this EA did very well during the period of time when the contest was but it did horribly at all other times.

So basically, it seems that this EA does poorly all the time but during the period of the contest it did well. I will try to scroll back and find the gentlemen who did the various backtesting. The bottom line is that most people bought into this EA because of the advertised results so if you are not seeing profitable trades within a week or a month then obviously this EA is not performing the way it was advertised and you should ask for a refund.

MaXeY
Nov 13 2013 at 16:53
23 posts
youngchang posted:
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.


i asked for refund today and waiting

FX3422271
Nov 13 2013 at 16:53
11 posts
By the way traders, if you don't get your money back you can call you bank and do a credit card dispute. If your bank is good they will go through with the necessary procedures to take the money back. Don't forget that all merchants that are online or anywhere need to apply for their service through another bank. So if this merchant is doing shady things they are held accountable by their bank. All banks are part of a network, so if you file disputes then this merchant gets a bad reputation through the banking network.

Eventually, they may just not be able to have their bank account anymore if they do not honor their return policies, etc.

FX3422271
Nov 13 2013 at 16:53
11 posts
investea posted:
So I did the back tests,
Just a little introduction about the EA, there are 3 strategies in the EA, named S1, S2 and S3. The last one have an 'Aggressive' mode.
The configuration show on the ForexSensation Website is the following:
• Risk – 0,4 %
• S1 – Enabled
• S2 – Enabled
• S3 – Enabled
• S3 Aggressive – Enabled

Note that is slightly different from the default one:
• Risk – 0,2 %
• S1 – Enabled
• S2 – Enabled
• S3 – Enabled
• S3 Aggressive – Disabled

Here is the link where I’ve put the results of the backtests, there are still some missing, the default configuration from 2008 using MM and default with fixed lot.

https://skydrive.live.com/redir?resid=35E7C7ED845D4644!1042&authkey=!AEpdnWSmbUfW9Zk

My test use Dukascopy ticks data, it's an ECN as the ECN account used by forexsentation with FXChoice, as the guys sent the investor password for that account. Unfortunately I don't have the ticks data history of FXChoice. But I have a real account on which I'm running the EA.

I took data from 2008 to now. I took an initial balance of 10000 $. Fixed lot of 0.1, except for the full strategy, tested both the competition params and the default ones.

Comments and new backtests will follow.


This was the gentleman who posted his backtest results with different settings, etc.

FxPhil
Nov 13 2013 at 16:54
88 posts
Well that depends on what you are looking for.
Adjusting the spreadsheet to use Risk 0.5, delivers $400,000 at end Oct 2013 from a $1,000 deposit 22 months earlier.
As the adjusted spreadsheet shows equal results during the 3 month contest, it may also suggest the 22 month backtest result is also valid.

Have attached the adjustable version.
You can adjust Risk and starting balance to see the end result.

Attachments:


FXdome
Nov 13 2013 at 17:46
128 posts
youngchang posted:
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.


The best way to get your refund is to send the request directly to Clickbank.

youngchang
Nov 13 2013 at 18:26
390 posts
cliickbetter??

Thanks.

youngchang
Nov 13 2013 at 18:31
390 posts
FxPhil posted:
Hi Young Chang,

Did you get confirmation that they had accepted your refund request, they were processing it and you would get your money back?



I have received this email. let's see after 10 more days.

Dear Young chang,
 
Your transaction has now been successfully refunded.

IMPORTANT: It can take 10 to 21 working days for your refund to show on your account.

The details of your refund are shown below:
 
Date purchased:Saturday 02nd of November 2013 03:57:27 AM
Product: Forex Sensation
Order ID: 2043688288
Amount: $398
Vat: $0

Please note that you may lose access to the product(s) you purchased once the purchase has been refunded.
 
Warm regards,
 
ClickBetter.com Support
Email: support@clickbetter.com

nikola_s
Nov 13 2013 at 19:19
37 posts
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