Forex Pulse Detector Review

Forex Pulse Detector is a robot specially designed to trade the GBPUSD and EURGBP currency pairs. The devs say that the EA focuses on the M15 timeframe, making it extremely active. That being the case, it gains pips quicker. The goal of our review is to evaluate the characteristics of the system to find out if it is profitable as purported.

Forex Pulse Detector is available at a cost of $39. This is a one-time payment, and therefore, you will not be asked to pay any extra fees in the future. This package includes 1 real and 2 demo accounts, lifetime updates, 24/7 support, and a 60-day money-back guarantee.

Forex Pulse Detector trading strategy

The system uses a combination of scalping and grid strategies. As the vendor puts it, the scalping approach is most welcome to traders who desire high trading activities and quicker gains. All the same, it should be noted that the slow buildup of earnings can be very frustrating. If worse comes to worst, one big loss can wipe out all the profits obtained. The grid method is also not good. In fact, it is one of the most dangerous methods out there. It can easily run your account down.

Forex Pulse Detector features

The EA has the below listed features:

Full automation
In-built advanced loss recovery system
Hidden TP and SL
Compatibility with all brokers and other EAs
High spread and slippage protection
Money management
Customizable
Ease of use
Broker protection
Lifetime support
The recommended deposit is $1000

Forex Pulse Detector backtesting results

The backtest results of this robot have been included in the presentation. In particular, the testing data for the GBPUSD and EURGBP pairs are available. In this case, we assess the detailed tester report for the EURGBP symbol.

The report says that the EA worked on the 15 minute timeframe during its simulation period. The trading activities commenced in January 2010 with a deposit of $10000. By 2015, the robot had increased this investment by $13994.38. From the drawdown (8.03%), it is clear that the account didn’t lose much money.

A total of 1413 trades were completed. Although the system placed more sell orders compared to buy orders, it was the long positions that carried the day with win rates of 78.80%. The success rates for short positions were slightly lower — 76.89%.

Forex Pulse Detector live trading results

The live trading results are also featured in the sales pitch, and they can be found on Myfxbook. We take a closer look at them below:

From the looks of it, Forex Pulse Detector is a low profit earner. It has been running this account since April 14, 2020, and to date, the income earned is USC1892.62. All this while, the monthly profit has been 0.86%. Consequently, the huge deposit of USC10523.47 hasn’t grown much. The only good thing is that the trading risks are minimal since we have a drawdown of 6.59%.

So far, the recorded trades are 498. The EA mainly prefers to take short positions, but unfortunately, they aren’t that lucrative — 65%. The long positions appear to be more successful — 70%. An average win is 13.86 pips when an average loss is -22.39 pips. These values portray a picture of a robot that loses trades most of the time.

The scalping and grid strategies are part of the game as evidenced by short time frames used and the grid of orders placed, respectively. We are afraid that martingale is on board too. As you can see on the table, the EA tended to increase the lot sizes whenever losses were generated.

Forex Pulse Detector reputation

The company that designed this robot is not mentioned anywhere in the sales pitch. What we have, however, is the statement: “Our team comprises highly experienced Forex traders and developers.” Some are said to have been “battling” the market for 12 years already. These are mere words since there is no evidence to back them up. There are no names, profiles, or portfolios of these said professionals. So, their qualifications and competencies are still doubtful.

Forex Pulse Detector does not have any customer reviews on its official site or on other reputable platforms like Quora, Trustpilot, or FPA. It appears as if the cheap pricing has not done anything to lure traders into purchasing the EA.

Forex Pulse Detector review summary

Forex Pulse Detector’s performance in the market is quite average. It makes profits consistently, but they are too small. However, we are mostly concerned about the grid and martingale strategies being applied. They have already caused the account to lose some money, which has, in turn, erased the gains made. So, the account is back to square one. Before buying this EA, consider if you can endure the frustrations that come with it.