Forex Robot Reviews

Forex Sensation Review And Forum Discussion

Forex Sensation is a forex robot competition that started back in July, and ran for 3 months. All their accounts are claimed to be real money, and they claim to offer transparency never before seen with forex robot results. Well whats never been seen before are their results. Maximum transparency would have been hooking all their “real” accounts up to myfxbook, but instead they’re just using some custom charting software. So we really don’t know for sure if the results are real or demo, or if they’re fabricated or not.

With all that aside, lets just continue with the review. The winner of the competition was Forex Cash Printer by Oleg Zadorecki. You will be able to purchase his EA for around $1000 with a few upsells.

Forex Cash Printer trades EURUSD and looks like a scalper. Most trades are closed between 10-18 pips. This is yet another reason that leads me to believe these are demo accounts because scalping on live accounts is not nearly as profitable as demo.

forex sensation

Remember if you are going to try Forex Sensation that you fully understand how the system works before running it live. I always recommend to use your refund period to test it thoroughly for at least a month. If your results are above satisfaction, then and only then should you consider taking steps to trade it live with your hard earned money. Just because a website says their system will make $xx,xxx a month doesn’t mean it’s going to. So if you are not satisfied, do not hesitate to request your money back. If you are interested in more information on this forex product then check out the link or any comments below.

If real user reviews of Forex Sensation are what you are looking for, then check the comments below. They are real customer experiences with this product. If there are no comments, then be sure to come back frequently and check for updates as our review and discussion of this product continues to grow.

If you have experience with ForexSensation or know something people might find important please feel free to share in a comment below. It may help someone save or make a lot of money so don’t hold back. Because of the influx in forex robots and forex systems being released right now, our reviewing as been slowed but our user comments have not. Make yourself at home and write a comment, or ask a question for the community to discuss. You will be surprised the information and knowledge you may unveil.

If you want to submit a forex trading product or broker that is not listed on our site, please use the Submit A Forex System form or Submit Your Own Articles. There are many private and underground forex robots and systems out there they I just don’t have the time to look for. So if you know of any, or a place to find them please feel free to share and I will make a post about it for the community to discuss.

Ok guys lets get the ball rolling, here at ForexFBI we encourage our visitors to discuss your Forex Sensation experiences, strategies, thoughts, whatever…

Forex Sensation Ratings

VN:F [1.9.22_1171]
Rating: 1.3/10 (3 votes cast)
VN:F [1.9.22_1171]
Rating: -2 (from 2 votes)
Forex Sensation Review And Forum Discussion, 1.3 out of 10 based on 3 ratings
47 Comments
  • jk liu - Posts: 1
    January 27, 2014
    Reply #1

    I purchased back in November and had poor results. The robot didn’t trade that often and when it did it was 50/50 win loss rate. I used their recommended ecn broker. I requested a refund on Dec.14,2013 and am still waiting to get my money back. I guess it’s true that clickbetter picks up all the digital trash out there because no one else wants to deal with them. Do youself a favor and stay away from Forex Sensation and Clickbetter.

  • Required: Name - Posts: 1
    December 3, 2013
    Reply #2

    I am deeply disappointed with the system as it is not performing well on other brokers ECN demo where I tried, also the Support team is not at all interested in tackling clients problems, especially when they are less tech-friendly people. Stopping the winners 3 month account is not a sincere gesture and greedy selling tactics are repeatedly played, so not encouraging behaviour from Organisers. Confused on them, but we have to give a long wait, with demo, then only one can decide….

  • Jan - Posts: 1
    November 12, 2013
    Reply #3

    this This whole thing stinks
    providing a robot that is not the Contest version?
    3 credit deadlines set
    no reproducible results?
    come on people
    wake up

    • mike - Posts: 1
      November 12, 2013
      Reply #4

      And im still waiting for my damm refund. Its 2 weeks already and im still not seeing the money in my bank.

    • Mark Reardon - Posts: 1
      November 13, 2013
      Reply #5

      with your attitude and negative expectation you are best ignored.

    • Mark Reardon - Posts: 1
      November 13, 2013
      Reply #6

      enjoy the ranting, there are plenty here to empathise with you

    • tellanup - Posts: 1
      November 14, 2013
      Reply #7

      finally I got my refund credited – thank god . Suggest everyone who have put their hard earned money into this to reconsider their decision whether to seek refund or not. Of Course there are different opinions on this may be fund managers can continue to use the EA till the time they can manage their losses but for Retail traders I suggest to reconsider their decision to retain the EA. Its my personal opinion the decision is yours anyway.

      • Michael Beck - Posts: 1
        January 4, 2014
        Reply #8

        I request my refund today prior to the 60 day deadline and the response I received was to download updates to the EA’s. I have updated them regularly and the results are still unacceptable for me. I made my refund request through ClickBetter.com. Did you have problems with the vendor when you requested a refund?

        Thanks in advance,
        M.B.

  • Mark Reardon - Posts: 1
    November 10, 2013
    Reply #9

    Its only three days but the extended version so far is working well for me 5 trades, 4 winners and one closed at breakeven. I had to pay the commission on all of them though as I am using an ECN account. I am using default settings except 0.1 risk not 0.2 and non aggressive on both eurusd and gbpusd. Those who have not purchased the EA should keep their venomous comments to themselves imo.

  • Mark Reardon - Posts: 1
    November 10, 2013
    Reply #10

    I dont understand how anyone can make assumptions about the EA performance in a week. Also you need to have the EA working in an ECN environment preferably with a virtual or dedicated server close to your brokers server. Anyone operating an EA should know these things and ignorance is no excuse. I have the EA running on a 27K live account this past week I am using the extended version with default settings and non aggressive on EURUSD and GBPUSD. 6 trades were taken, 5 winners The EA took one trade to breakeven. A 50k account will be added within a week. Kalindasignals Australia.

    • Joe Stevens - Posts: 70+
      November 10, 2013
      Reply #11

      People are using ECN, they’ve even stated so. It’s also been out for a nearly a month now. It’s no wonder that people are rushing to refund, look at the price tag and look how it’s performed the first month it was out compared to the 3 it was “tested” for.

      • Mark Reardon - Posts: 1
        November 13, 2013
        Reply #12

        well i see nothing wrong with the performance just the mindset of people in this forum

  • Gerry Nocker - Posts: 1
    November 7, 2013
    Reply #13

    Bought FXsensation by 3 instalments thru Click better on Oct 21 but they charged me twice up front. However with the 2nd charge funds were not removed from my account but mearly blocked I presume to cover the next instalment. This is realy stupid as I was not aware of this till month end when some other bills were not paid and I chose the 3 payments in the first place as I did not have funds to cover total cost,and now raises my concern if the thing is legitimate.I will now be forced to cancel and request refund to pay other bills.Gerry N.

    • mike - Posts: 1
      November 7, 2013
      Reply #14

      Guess what, I too made payment for 3 installments and asked for a refund afyer making the first payment. However clickbetter has insisted that they did not credit my money as it was still with in the refund window period in which my bank statement already reflects that money was already deducted and paid to them. I have contacted their support and as soon as I attached my bank statement. They wont even reply to my ticket. It has been 2 days already and I am still waiting for a reply. Sighz, how can this possibly happen? Seems too difficult to even ask for a refund.

    • tellanup - Posts: 1
      November 9, 2013
      Reply #15

      I asked for refund after two weeks of testing when the account got reduced by 6%. After initial negotiations where they offered extended version for free which I rejected politely they processed the refund but the money will take 10-20 days as per clickbetter to arrive in my account. Let’s see when I receive it finally.

      • David Mac - Posts: 1
        November 9, 2013
        Reply #16

        TO MANY NEGATIVE REPORTS HERE …MY CONCLUSION HERE IS ELLABORATE SCAMMERS STRIKES AGAIN!!! STAY AWAY!!… GET REFUNDS ASAAP!!

  • Mark Reardon - Posts: 1
    November 6, 2013
    Reply #17

    I have purchased the EA and it going on a live 27k account at Pepperstone. I am using their ECN environment and also I have my server close to the Pepperstone server so these are ideal conditions. I’ll let you know the result. A 100k client account is in place if the results are good. I am ASIC licensed fund manager.

  • Joe Stevens - Posts: 70+
    November 4, 2013
    Reply #18

    This EA is starting to smell like a dead rat.

    When they released the investor links to the contest account, I downloaded the statement and found there were 4 magics in use, including magic 0 which did about 50% of the trades and made most of the money. As magic 0 is normally used for manual trades, I questioned support. Was told the contest EA had 4 Strategies, one of which was 0, which were compressed into 3 strategies for the sold EA.

    So the sold EA is not the contest EA. Add to that I have never seen a EA coded to use magic 0, as any manual trades, which use magic 0, would interfere with the EA. Looking at the current results, it seems reasonable to assume the contest magic 0 trades were manual trades and that is why the sold EA is not delivering the desired results.

    Here are some more results:

    https://www.myfxbook.com/members/FxPhil/fse-fxopen/732750

    http://www.myfxbook.com/members/sensation/forexsensationextendedreal/724433/iiktQtkEScGVaGahgQFr

  • David Mac - Posts: 1
    November 4, 2013
    Reply #19

    Well ,Well,Well1 Don’t look like this EA is all that! That they hyped it out to be HUH?…I Knew it!… I gave up on robots long time ago And decided to learn to trade ..Outcome is much better!..After 5 years or searching for a profitable robot I say that 95%of robots are trash! I don’t care who say what!

    • Tony - Posts: 45+
      November 4, 2013
      Reply #20

      You are correct David that 95% of robots are trash. But at least with Sensation we have someone actually using it and sharing results. Ultimately, manual trading is always going to be better, but it requires a large investment of time to be consistently successful, so if there is a robot that is based on a standard manual method, which Sensation may be, then its worth investigating…

  • Sam - Posts: 1
    October 26, 2013
    Reply #21

    Hello Folks,

    Finally bought the EA 3 days ago , with all the hype surrounding around it takes some guts to purchase this sensation bot :) . I bought it on Installment 3 months ( they give 50 usd discount) from the website if you to try to close the window (i.e 348usd + 398usd + 398 usd).

    Here’s what I did, to make sure the bot works I loaded the sensation bot on my HF Currenex Live Account 15k USD account with lower EURUSD Spreads in there and good execution to try out, on 23rd Wed it took EUR USD Buy @ 1.3755 had a 20pip sl and 40pip TP initially and was trailing with 7pip profit trail grabbed 11 pips :) during US Hours (wow already covered half the cost of installment) Good, so I waited for next day eagerly again in US Hours after news data another buy came on 24th Thur at 1.38019 with same 20pip sl/40pip TP I waited trade went to 1.3812 (hmm 11pip) my stop was trailed till 1.38059 I thought why to miss out on my second profit covering the entire bot installment cost lol, closed it manually :) cool isn’t it? :)) , Friday no trades at all waiting for Monday ……

    • Tony - Posts: 45+
      October 27, 2013
      Reply #22

      Thank for so much for sharing your experiences with us. Would you consider sharing your account via myfxbook?

      • sam - Posts: 1
        October 28, 2013
        Reply #23

        Tony, Sorry I dont have myfxbook setup at the moment, since I have actually setup 3 bots on my HF Currenex account including sensation + mdp + forex hacked (4 pairs :gu/acad/egbp/anzd) as a combo :)

        • Tony - Posts: 45+
          October 28, 2013
          Reply #24

          Thanks anyway Sam. Best of luck with these 3 robots on the same account – make sure you have set the lot sizes accordingly :-) If you could continue to share your experience with sensation over the next few weeks, I would really appreciate it.
          regards, Tony

          • sam - Posts: 1
            November 3, 2013
            #25

            Tony,

            The week ended , sensation did 4 trades 3 winners 1 loser , fyi i have setup aggression=true in their settings to see if it trades more frequently.. , if you have setup at aggression=false it trades less frequently. Also the add-on bot they gave it as free along with Sensation called “Y-Combination” seems to be Grid bot on USD JPY and USD CHF with max number of trades 8 am not impressed with it , its trading with 300pip stoploss and continue to average positions with same stoploss as the first order. I removed that one off :( already. regards, Sam

    • Tony - Posts: 45+
      November 4, 2013
      Reply #26

      Thanks Sam for your updates. 4 trades with 3:1 ratio is not bad at all. Lets see how the coming weeks progress! Thanks again.
      Tony

      • Sam - Posts: 1
        November 4, 2013
        Reply #27

        Tony,

        It took a early hit this week on Monday shorting EU @ 1.3487 sl 1.3517 tp 1.3477 , 20pip SL hit, lets see if it recovers itself later this week .

        regards
        Sam

  • mike - Posts: 1
    October 23, 2013
    Reply #28

    Well I purchased a copy of forex printer last week and paid using the 3 installments plan. I gave it a week and it still did not produced any trades. Hence I asked for a full refund. The other y version ea which came together as a package simply sucked big time produced a list of losing trades with no SL or TP . My advise is dont fall prey and purchase this system.

    • Tony - Posts: 45+
      October 24, 2013
      Reply #29

      Have you tried back-testing both of them? I know thats not the same as live, but it would be a very interesting exercise. Did they refund without any hassle?

      • mike - Posts: 1
        October 24, 2013
        Reply #30

        I was unable to run backtests properly as it kept coming up with errors. Initially theur support team told me to give it another week to see if the robot traded as the US pair was having an erratic week. However I have waited and still no trade results hence made a refund request and was approved few days later.

        • Joe Stevens - Posts: 70+
          October 24, 2013
          Reply #31

          In 3 months it traded 100 times, trading almost everyday, sometimes a few times per day. It’s been out just over a week now and it’s made 1 trade as far as I’ve seen. They’ve also stopped trading on that 214% original account since October 11th. Just food for thought…

          Glad to hear you got your refund at least.

          • Tony - Posts: 45+
            October 24, 2013
            #32

            Interesting. You know, if I wanted to walk away with $100,000 in an EA contest, then I would be tempted to write a an EA that on the secret (in a DLL) receives signals from me – or prompts to take a trade. Its still an EA, but has to be nudged to take a trade. I wonder if that it what going on here. Mind you, it implies that the writer of the EA is a good live trader, or has access to one. The other possibility is the spread – maybe the spread on the demo accounts was small enough for the EA to take trades – i.e. its optimized for a demo account – and your broker never even got close to that spread…..

          • Mark Reardon - Posts: 1
            November 6, 2013
            #33

            if you want it to trade every day you need to use the aggressive setting… simple.

          • Joe Stevens - Posts: 70+
            November 6, 2013
            #34

            True, but then it would most likely be in an even bigger hole than it is already.

          • Mark Reardon - Posts: 1
            November 12, 2013
            #35

            The trading funds were provided by the organizers of the competition. Its likely that they want to leave the results showing from the start to the end otherwise they would no longer represent the competition period . In a week on my live account I have had 7 trades with the extended version to include GBPUSD.

  • Drew Pips - Posts: 1
    October 22, 2013
    Reply #36

    I researched this offer more and had questions. So I emailed the contact on the offer page.
    Here is the email and answers:

    Hi Drew.

    Below are our answers to your questions:

    2013/10/19 Drew Pips

    Hi, I am extremely interested in this product, but became deflated when I
    heard there were upsells and add-ons in this product.

    From my experience, this seriously raises doubt of the quality of the
    product being able to deliver what they say. Contrary to what the
    marketing gurus have hold you, it immediately cheapens the product
    and seriously damages the seller’s reputation as just another fly-by-night
    operator. There are countless examples of this being true, most notably
    in the Forex robot “industry”.

    Everyone is expecting these same trading results- so why are the add-on
    product there? IMHO, this should’ve all been honestly laid out at the start.

    Please answer for me:

    1. What they are upsell products? Please give full explanations.

    There are two upsells, both completely optional. One is Forex Sensation Extended Edition for $499 which offers open inputs and an extra currency pair – GBPUSD – allowing the users to nearly double the total number of trades. The other one is one-on-one live chat support by the robots’ developer for $49. Our customers appreciate these upsells and we’ve been getting lots of positive feedback about them. You do not need to purchase them at all or can purchase them at a later date – however you wish.

    2. Will the price of the add-ons/upsell products also be split into 3 equal payments?

    The prices are above; they are not split into three installments.

    3. Explain in full the refund policy for this product. Can it be a demo account? If not,
    what if my live account gets blown before 60 days?

    Our 60-day unconditional full refund guarantee is enforced by our payment processor ClickBetter. You can use the robots on a demo account during that time.

    Whether you answer these questions or not, this letter will be posted on all the
    main Forex review boards and websites.

    We, in our turn, would very much appreciate you posting your questions and our replies to them wherever you deem fit. Thank you for spreading the word.

    • Tony - Posts: 45+
      October 22, 2013
      Reply #37

      Thanks for sharing this. The results for the EA are impressive, considering that you can now see the myfxbook results and look at the low drawdown (assuming of course the results are legitimate). Its a scalper EA – notice how many of the trades close at similar times of day. My guess its an EA based on support/resistence and average daily ranges.

      • Joe Stevens - Posts: 70+
        October 22, 2013
        Reply #38

        I believe they’re closely affiliated with this myfxchoice broker, whom are most likely giving dream world scalping conditions for this account. This same broker has been closely affiliated with other EA’s in the past.

        • Tony - Posts: 45+
          October 22, 2013
          Reply #39

          Could you be correct there Joe. Cannot bring myself to part with the money to try this EA out, but would be willing to share the cost to test it out if a few others are interested.

        • Mark Reardon - Posts: 1
          November 13, 2013
          Reply #40

          is this a conspiracy then Joe

          • Joe Stevens - Posts: 70+
            November 13, 2013
            #41

            The only thing that matters is how well it performs for those who purchased it. Right now it seems for the mass majority, it has performed poorly.

            There are more people showing losses on their accounts than there are people profiting.
            There are more people complaining about it than there are gloating about it.

            If it’s working for you then consider yourself lucky at this point.

  • Charl - Posts: 1
    October 21, 2013
    Reply #42

    Hi I have been checking this out for over a week now and it looks like the opportunity of a lifetime. Has anyone bought and tested it out yet? Would love to hear what your results has been like so far. Many thanks

  • aniruddha - Posts: 1
    October 18, 2013
    Reply #43

    I was wrong as the account seem to be real one with myfxchoice and verified by myfxbook

  • aniruddha - Posts: 1
    October 17, 2013
    Reply #44

    I agree with whatever has been discussed so far I strongly feel that a test on a live account will single out the real champion bot

    • Mark Reardon - Posts: 1
      November 13, 2013
      Reply #45

      what exactly is valid about it in any way?

  • Tony - Posts: 5+
    October 14, 2013
    Reply #46

    Very valid point – I looked at this web site last week and said to myself “no indication of drawdown whatsoever on this data” which makes the data incomplete and therefore pretty useless in terms of real trading. The whole thing has the rings of scam all over it – we shall see!

    • Mark Reardon - Posts: 1
      November 6, 2013
      Reply #47

      when you bring up the myfxbook caption the drawdown is shown clearly. It was 2.57%.

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