Forex Pulse Detector Review

Forex Pulse Detector

Forex Pulse Detector is a fully automated trading robot that comes with multiple filters and settings to trade the market based on market impulse. The system uses a hybrid methodology where traders can open positions manually, and the EA will manage them later on. It is necessary to have at least $1000 in deposit before using the robot on your charts.

Automated Forex Tools is the name of the company behind the system. They claim to have assembled a team of highly experienced traders who have more than 12 years of market knowledge. 

Forex Pulse Detector at a glance

Price$129
Trading PlatformsMT 4
Currency PairsGBPUSD
StrategyHybrid
TimeframeM15
Recommended Deposit$1000
Recommended LeverageN/A
Money ManagementYes

Forex Pulse Detector functionality

The EA has the following features:

  • There is high slippage protection within
  • The algorithm can work with all brokers
  • There is lifetime support available
  • Money management is built within to manage risk

Forex Pulse Detector trading strategy tests

The developers state that the EA uses a hybrid system which can manage manual trades in auto mode. It works on the M15 chart on GBPUSD and EURGBP and trades based on the market impulse. From the history present on the live records, we can observe that it is currently using grid and martingale strategies to trade with an average duration of 21 hours and 33 minutes. There is no fixed stop loss or take profit attached with trades. 

Trading history on Myfxbook
Trading history on Myfxbook

Backtesting results are available for EURGBP with a modeling quality of 90%. For the duration, the robot had a maximum drawdown of 8.03%% and turned an initial deposit of $10000 into $13994.38. It had a winning rate of 77.57% with a profit factor of 4.97. The average amount of profitable trades was $15.98, while the average amount of losing deals was -$11.12. There were a total of 1413 trades executed during this period.

Backtesting records
Backtesting records

Forex Pulse Detector real trading results

Verified trading records on Myfxbook are available. We can see that the current floating gain is 18.14% at an account balance of $12454.00. The drawdown value is around 15.52%, with a winning rate of 66%, with a profit factor of 2.06. 

The best trade was $345.66, while the worst was -$166.07 in a total of 533 trades. The system made an average monthly output of 18.14% for the period. 

Live trading statistics on Myfxbook
Live trading statistics on Myfxbook

User reviews

The company only has two customer reviews present on Forex Peace Army, which are not enough to guide us on the general viewpoint of traders. There is no comment present for the Forex Pulse Detector robot.

The developers provide a form on the website to contact them. They state that customer support is available 24/7.

Pricing 

Traders can purchase the robot for an asking price of 129. The licenses are available for one real and two demo accounts. The algorithm comes with lifetime updates and a 60-day money-back guarantee. 

Forex Pulse Detector Review Summary

Forex Pulse Detector
3 5 0 1
Forex Pulse Detector uses risky grid and martingale strategies which can cause a high drawdown on the account if the market trends in one direction. This can badly affect the psychology of a trader. There are no customer reviews present on noted forums that could guide us more on the viewpoint of investors.
Forex Pulse Detector uses risky grid and martingale strategies which can cause a high drawdown on the account if the market trends in one direction. This can badly affect the psychology of a trader. There are no customer reviews present on noted forums that could guide us more on the viewpoint of investors.
3/5
Total Score
  • Functionality
    2/5 Bad
    The service works only on MT4.
  • Trading strategy
    3/5 Neutral
    It uses a grid and martingale trading approach.
  • Live Results
    2/5 Bad
    Live results show a small gain.
  • Customer support
    4/5 Good
    Customer support is only available through a contact form.
  • User reviews
    2/5 Bad
    There are no reviews present on third-party websites.

The Good

  • Live records available

The Bad

  • Uses grid and martingale
  • No transparency of developers
  • It only works on MT 4
Total
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