Forex Pulse Detector can work with full automation or manage the trades that are opened by traders manually. It can work with a minimum of $1000 in deposit, executing 1 to 2 trades daily. The stop loss and take profits are hidden, and there is spread protection to avoid trading during unfavorable conditions.
Forex Pulse Detector strategies and tests
Traders can use the robot after following the steps:
- After you purchase the EAs, the developer will send over the designated MT 4 ex4 file
- Traders have to provide their account number
- Attach the system onto the charts to start trading
The algorithm trades using the market impulse and uses several indicators to gauge the market on the M15 time frame. Currently, it only works on GBPUSD and EURGBP. Traders can place trades manually, and the algorithm will manage them or leave the EA, and it will run everything automatically.
From the history of live records, we can observe grid and martingale strategies. The algorithm adds 0.05 lots to every losing position, which is significant.
The service has the following features:
- Multiple licenses are available with each purchase
- There is spread protection in place
- It can work with all brokers
- The robot uses money management and broker protection
- It comes with lifetime support
Backtesting results are available for GBPUSD, where the relative drawdown was around 11.78%. The winning rate was 74.6%, with a profit factor of about 3.27.
All the tests were done on the 15 minutes chart with a starting balance of $10000. The robot tanked an average profit of $20763.84 during this period. There were 1917 trades in total, with the best trade as $249.28, while the worst one was -$150.59.
Forex Pulse Detector live trading account review
We will analyze the live records on Myfxbook that are available from April 14, 2020, till the current date. The system made an average monthly gain of 0.84% during the period, with a drawdown of 6.59%.
The winning rate stood at 67%, with a profit factor of 2.35. The best trade was $338.10, while the worst was $143.20. There were a total of 507 trades. The total gain provided by the system stands at 18.01%.
The robot can be purchased for an asking price of $39 that gives the license for one live account and two demo accounts. There is a 60-day money-back guarantee available. Traders can try it out on their virtual portfolio free for one month.
Is the Forex Pulse Detector a good system to rely on?
The use of the martingale and grid strategies can be dangerous for a trader’s account. There is no indication of the use of such methodologies in the website from the developer. It is essential to be careful while using robots as they can cause liquidation on an account.
There are only two customer reviews present on Forex Peace Army. One of the traders comments about the Forex Pulse Detector. He says that he is happy with the performance and praises the hybrid system. He adds that the algorithm buys at the bottom and sells at the top, so entries are good.