Expert AdvisorsForex

Forex Pulse Detector Review: Things You Need to Know Before Investing

2 Mins read
4.3

Forex Pulse Detector works on the M15 chart and comes with 24/7 support from the developer. Traders can purchase the product license for one live and two demo accounts with a 60-day money-back guarantee. The algorithm can be used on the MT4 platform and at least $1000 in the account balance. 

Forex Pulse Detector trading strategy

The developer states that the robot trades on market impulse and uses several indicators that determine the important reversal points. It can only trade GBPUSD and EURGBP on the M15 time frame and supports a hybrid system that allows traders to place trades manually. From the live records on Myfxbook, we can observe the use of grid and martingale. The algorithm can generally hold trades for 21 hours and 23 minutes.

Trading history on Myfxbook
Trading history on Myfxbook

Forex Pulse Detector backtesting report

Backtesting results are available for EURGBP, where the relative drawdown was around 8.03%. The winning rate was 77.57%, with a profit factor of about 4.97. All the tests were done on the 15 minutes chart with a starting balance of $10000. The robot tanked an average profit of $13994.38 during this period. There were 1413 trades in total in which the best trade was $170.38, while the worst one was -$77.01.

Backtest report
Backtest report

Forex Pulse Detector live results

We witness the live records available on Myfxbook, which shows us the performance from April 14, 2020, till the current date. The algorithm has a total drawdown of 15.52% for the duration, with a total monthly gain of 0.77%. This drawdown value is high when we contrast it with the monthly gains. The total output from the system as of now is at 18.3%.

The winning rate stood at 66%, with a profit factor of 2.06. The best trade was $345.66, while the worst was -$166.07 in a total of 528 executions. There were $10523.47 in deposits and $0 in cashouts. The developer uses a cent account to trade to mitigate the risk. 

Live records on Myfxbook
Live records on Myfxbook

Some features of Forex Pulse Detector

Forex Pulse Detector has the following features:

  • There is a high spread protection 
  • The robot has a built-in recovery system
  • Traders can enable high slippage protection
  • Money management can be enabled to manage risk
Total return18.09%
Maximal drawdown 15.52%
Average monthly gain 0.77%
DeveloperAutomated Forex Tools
Created, yearN/A
Price$129
TypeGrid and Martingale
TimeframeM15
Lot sizeN/A
LeverageN/A
Min.depositN/A
Recommended depositN/A
Recommended brokersSupports all brokers
Currency pairsEURGBP and GBPUSD
ECNYes

Main things to consider if you invest with Forex Pulse Detector 

Let us go over several things that you need to consider before investing.

Grid and martingale

The robot uses averaging and martingale strategies that can cause a high drawdown if the market trends in one direction. There is also a chance to receive a margin call on the account due to risky methodology.

Developer transparency

The developer states that they have a total trading experience of 12 years but do not provide any certificates or records that could prove it. Lack of transparency is not better for the outlook of the EA. 

Pricing details

Forex Pulse detector is available for $129. This will give you a license for 1 real and 2 demo accounts. A 60-day money-back guarantee is included.

Other notes

Automated Forex Tools only has two customer reviews present on Forex Peace Army. There are no comments related to Forex Pulse Detector that we could use to understand the general viewpoint of traders.

Forex Pulse Detector Summary

4.3
Forex Pulse Detector does not maintain transparency on multiple factors, including its portfolio and strategy. They do not declare that it uses a risky grid and martingale for trading. The company is also not transparent in its portfolio.
4.0

Functionality

5.0

Reliability

2.0

Strategy

8.0

Price

5.0

Trading Results

2.0

Vendor Transparency

Pros

  • +Proper backtesting records

Cons

  • -Uses grid and martingale
  • -Poor risk-reward ratio
  • -No transparency on the developer
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