ha ha Ali you make me laugh , thanks for the age reduction comment
, .
Regarding your query , ya it shifts up just before lock up in red zone , the best part out of it is, that by doing that you safe the gear box from abusing & max power at rite time 
Very smart and tricky question :S : I still consider myself as beginner in detailing world & still learning.
Well Umer brother it depends on lot of factors:
1- model of the car?
2- age of the paint ? any repaint panel
3- color of the car ? where it stays ? under cover or out in sun? because white , silver & light colors need extra effort to bring out gloss out of them
4- Indeed formula wax is lower end wax , that's why you wont feel difference.
Well the basic procedure is :
1- wash with car shampoo & for dry use Micro fiber not the plain cloth.
2- clay bar(its a professional item), so I would suggest cleaner wax (I am using Mother's) you can Google according to your budget. ( for cleaning purpose you can also use bit abrasive polish but with care.
3- than come the wax part you can use carnauba or synthetic wax according to your choice & budget.
Carnauba wax benefits
• deep luster and shine on paint
• proven technology
• naturally-derived
Synthetic wax benefits
• easier to buff in/out
• good for quick gloss
The bottom line is what ever the product you use , the think which bring out the inner grains & shine out of you ride is dedication , love & time you give to it.