Forex Pulse Detector claims to provide fast profits and high trading activity. This FX robot exploits the market impulse by identifying market reversal through its various indicator sets. A low timeframe is used by this FX EA to enable frequent trades and quicker pip gain. As per the vendor, although the ATS works on two currency pairs now, it will support multiple pairs in the future. The EURGBP and GBPUSD are the two pairs the system works on now.
Detailed forex robot review
The Automated Forex Tools group is responsible for the development and marketing of this ATS. Other products of the company include Forex Trend Hunter, Dynamic Pro Scalper, etc. As with other products of the company, we could not find info on the developer or the team behind the FX robot. Besides mentioning the experience of the expert traders and developers in the team, the company does not reveal info on the individual members, the founding year info, location address, phone number, etc. The lack of vendor info raises a red flag.
A hybrid system is present in this FX robot that allows automated and manual trading features. Other key features found in the FX EA include an integrated money and account management, an inbuilt loss recovery system, compatibility with other EAs, brokers, and accounts, and lifetime support. The system offers protection from high slippage, unfair brokers, and also hides TP and SL positions from the broker.
Forex Pulse Detector strategy tests
We could not find info on the strategy this MT4 tool uses for identifying the best trades. Other than the mention of using market impulse and looking for a price reversal, the vendor does not divulge info on the trading approach. The absence of strategy info makes us suspect the reliability of the ATS. A few backtests are present on the official site. Here is a backtesting report for the GBPUSD pair done from 2010 up to 2015 using the M15 timeframe.
From the strategy tester report info above, we can see the deposit of $10000 generated a net profit of 20763.84 from a total of 1917 trades. The profit factor value was 3.27 and the profitability was 74.60%. A maximum drawdown of 11.78% was present for the account. Varied lot sizes were used ranging from 0.10 up to 0.25. From the report, we can see the profits are not high. While the drawdown is low, the big lot sizes make us suspect the approach is risky.
Real live account trading results
A real USCCent account using the Alpari NZ broker and the leverage of 1:500 on the MT4 platform verified by the myfxbook site is shown here.
From the above screenshots, we can see a total profit of 17.0% and an absolute profit of 17.21% for the account started with a deposit of USC 10,523.47. A daily profit of 0.03% and a monthly profit of 0.92% are present for the account with a drawdown of 6.59%. For a total of 466 trades, profitability is 67% and the profit factor is 2.34. The lot size used ranges from 0.01 up to 0.11. From the trading results, it is clear that the approach is ineffective resulting in low profits and the varied lot sizes indicate the strategy is risky.
You can buy this FX Robot for $63. The package includes one real account and 2 demo accounts. Lifetime updates and 24/7 support are present. A 60-day money-back guarantee is offered for the package. Compared to the price of competitor FX EAs in the market, the price is very affordable.
We found a couple of user reviews for this ATS on the Forexpeacearmy site. However, these are not recent and were posted in 2011 and 2015. Although the feedback is positive, the lack of user recent testimonials makes us suspect this is not a reliable EA.
Forex Pulse Detector claims to provide high profits and a low drawdown. Our analysis of the backtesting results and the live trading stats reveals that the MT4 tool does not perform as effectively as the vendor states.
Further, the absence of strategy explanation, lack of vendor transparency, and varied lot sizes indicate this is not a trustworthy expert advisor. The absence of recent user reviews further confirms our suspicion that this is not a reliable FX EA.