Forex Pulse Detector has many built-in features that allow it to trade the market with every possible edge. The company provides both backtesting and live results to prove the EAs’ performance. After going carefully through the statistics, we find that the output of the algorithm is quite poor.
The company fails to provide any information on the trading experience of the developers and their whereabouts. They claim that some members have been in the market for 12 years but do not give any conclusive evidence. The only way to contact them is through their email or by filling out the form on the website.
For choosing the best trading robot, traders must look at the customer reviews on noted forums such as Forex Peace Army. They can guide us if other traders had success with it or if it is a complete scam.
Forex Pulse Detector Features
Forex Pulse Detector has the following features:
- A fully automated system that requires no manual intervention
- It has a builtin recovery system
- It uses a hidden stop loss and take profit to prevent the broker from stop loss hunting
- It comes with lifetime support from the developer
The robot comes for $63, which comes with one key for real and 2 for demo accounts. There is also a free option to try the expert on a demo account for one month. There is a 60-day money-back guarantee if the expert advisor fails to perform. The pricing is average as compared with other robots on the market with similar performance.
How it works
After you make a purchase, the developers will send over the ex4 file to you through an email. You have to place the robot in the experts’ directory of the MetaTrader platform. Afterward, refresh the exports tab within the software and place the robot on the 15-minute chart on EURGBP and GBPUSD. Press the auto trading button for the robot to begin trading.
The robot uses a lower time frame, such as the M15, which makes it trade quite frequently as the candles are closing faster. It works on a set of built-in indicators that developers do not disclose and tries to capture reversals. The algorithm also has a hybrid system that allows traders to trade manually by clicking on the buy and sell button. After that, the trades will be managed by the expert advisor manually. On analyzing the results on Myfxbook we see that the Forex Pulse Detector also employs martingale and grid strategies.
Verified trading records are available on Myfxbook, which shows records from April 14, 2020, till the current date. The robot provided an average monthly gain of 0.97% with a drawdown of 6.59%. The ratio between the output and the drawdown is quite uneven. The profit is smaller in regards to the risk exposure. During the duration, the expert advisor made 416 trades and traded 24.19 lots. It had a winning rate of 66% with a profit factor of 2.26. The best trade was $338.10, while the worst was -$143.20. It is intriguing to note that the developer uses a cent account to trade. They know the poor performance of the system and do not want to risk much themselves.
Customer reviews are available on Forex Peace Army, where the reviewer does not give any rating to the website automatedforextools.com. The feedback looks as if it has been bought and written by the developer.