Forex Pulse Detector Review

Apr 26, 2021 10:05 AM ET
Forex Pulse Detector Review

Forex Pulse Detector is a robot that claims to earn more pips by performing accurate market analysis. It currently works on the GBP/USD and EUR/GBP pairs, but work is underway for making the EA suitable for other pairs as well. The vendor claims that this system is suitable for traders who prefer to make faster profits through high-frequency trading.

On the official website of Forex Pulse Detector, the vendor has provided us with a brief overview of how the robot functions, while describing the hybrid system built into it. We have a video showing profitable trades being made for a 7-day period. Live trading results are provided for 4 different trading accounts, all of which are verified by Myfxbook.

Next, we have a list of the main features, followed by some backtesting data. The vendor also shares the pricing details and the answers to FAQs. 

Forex Pulse Detector

Type

Semi-automated

Price

$63

Strategy

N/A

Compatible Platforms

MT4

Currency Pairs

EUR/GBP, GBP/USD

Timeframe

M15

Recommended Min. Deposit

$1000

Recommended Deposit

N/A

Leverage

N/A

Trading Strategy Explanation

This Forex EA takes advantage of market impulse with the help of multiple indicator sets. This way, it becomes aware of a market reversal beforehand, thus making prudent trading decisions. Since it operates during the M15 timeframe, it is able to gain pips swiftly. Its special algorithm has been designed to perform in a low timeframe like this.

Forex Pulse Detector works with all brokers and has a recovery system that allows you to recover from your losses quickly. The stop losses and take profits are hidden from other brokers and the high spread protection feature protects the account from unstable market conditions. It also has broker protection and money management features. Every user is eligible for lifetime support. 

Unfortunately, we don’t have any information related to the actual trading strategy on the website. The vendor has not mentioned what indicators the robot uses, so we cannot gauge the strategy’s efficiency. 

Backtest Data Analysis

Forex Pulse Detector Backtest Data Analysis

This backtest was performed for the GBP/USD pair starting from January 2010 to January 2015. An initial deposit of $10,000 was made for this test, from which a total net profit of $20763.84 was generated. During these 5 years, the robot placed 1917 trades, managing to win 1430 out of them. This represents a high win rate of 74.60. 

Another thing to note about this backtest is the low relative drawdown of 11.78%. It has a profit factor of 3.27, which is higher than what most Forex EAs have. 

Live Trading Data Analysis

Trading Results

Myfxbook Account

Real (USCCent), Alpari NZ

Started

Apr 14, 2020

Deposit

USC 10,523.47

Balance

USC 11,999.20

Gain

14.02%

Daily

0.04%

Monthly

1.06%

Drawdown

6.59%

Profitability

66%

 

Forex Pulse Detector Myfxbook

This live trading account on Myfxbook has been active since 14th April 2020, and to date, 353 trades have been placed through it. After winning 233 out of all trades, this account has a win rate of 66% and a total net profit of USC 1475.73. The daily and monthly gains are 0.04% and 1.06% respectively, while the drawdown of 6.59% is even lesser than what we saw in the backtest. Its profit factor is 2.17, which is a bit low compared to the backtest.

Customer Reviews

We were unable to find any user reviews for Forex Pulse Detector, in spite of the fact that it has been trading live for about a year. The Forex robots market is highly competitive and it is evident that this EA has not managed to carve out a reputation for itself yet.

Vendor Transparency

There is not enough information on the official website about the company behind this Forex EA. It is said to be composed of experienced developers and traders some of whom have been trading in the market for 12 years. We don't know the identities of the team members, however, and no physical address has been provided for the company.

Review Summary

Pros

  • Verified live trading results

  • Affordable pricing plan

  • Backtesting data available

Cons

  • Lack of strategy insight

  • No information about the vendor

Conclusion

Forex Pulse Detector seems to be a reliable and legitimate system that can help you earn profits at a steady rate. Both the live trading results and the backtesting data show high win rates with low drawdowns, and this tells us that it might be a worthwhile investment.

Rating: 7.0/10


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