Estimated reading time: 6 minutes
This review looks at a trading robot called the Forex Pulse Detector. This robot was designed to take advantage of market impulse, thanks to a series of indicator sets which help it predict market impulse whenever they are about to happen.
The developer believes that such opportunities often reward traders with a lot of pips. In fact, that is why the Forex Pulse Detector was designed around this strategy of trading.
While this trading method appears to be compatible with all pairs, the Forex Pulse Detector is only supporting two currency pairs at the moment, GBPUSD and EURGBP. The vendor says that they will be looking to support other pairs in the future as their research team is currently working on this matter.
We’d like to analyze details of each element of this software. In the end, we will come up with a conclusion as well as recommendations on whether or not to buy it.
This robot was developed by a company known as Automated Forex Tools. Their domain is hosted on the following address— Automatedforextools.com.
It appears that this developer has been around for some time since they have designed a couple of automated trading systems before. The Forex Pulse Detector is just one of the many trading systems owned by this developer.
On the sales page of this robot, customers can contact the vendor using a support email address which they have provided for this purpose. There is no phone number or any other means of communication which can be used to reach them. The company also did not disclose where they were located.
We only know that Forex Pulse Detector is a property of Automated Forex Tools. Nothing else is known about the people who work here.
It trades the M15 time frame since the developer believes that shorter time frames mean gaining pips quickly. The reason why they chose a low time frame for execution of trades is because the set of algorithms that were included in this software were only designed to work with low time frames.
This is to mean that Forex Pulse Detector software is basically a scalper that is looking to enter and exit positions quickly.
But on the other hand, the vendor claims that this robot will open up to 2 trades a day. This is unusual for automated systems that rely on lower time frames such as the m15 chart. Most automated trading systems will open multiple positions because the lower the time frame, the more signals you have.
Therefore, in one way or another, this vendor is saying that Forex Pulse Detector was designed for traders who are completely fine with high trading activities. But at the same time, they are saying that we should expect up to 2 trades a day.
Although these statements introduce the element of contradiction, we don’t think that they will significantly impact this review in a negative way.
Like any other Forex robot in the market, this one too has a number of features which the developer thinks will give traders an edge over those who don’t use it.
One of the most highlighted features of this robot is something called Forex Pulse Detector Hybrid System. It’s basically a manual trading system that lets you Buy or Sell when signals are ripe.
The Hybrid system is basically concerned with looking for market reversal signals. It acts like a Forex indicator that looks for these reversals so that it can let a manual trader act just at the right time when the market is about to change directions.
This vendor says that the Hybrid system is able to make 300 pips a week. This is actually demonstrated on a video published on the landing page where the Forex Pulse Detector is hosted at.
In our opinion, this is just an indicator like any other. We do not see the uniqueness in it because most indicators that do this job can be found for free on the internet. It is therefore not a worthwhile bonus.
And of course this developer wasn’t going to leave things to chance. So they included other features to make their software sound more appealing and at par with some of the most talked about Forex robots on the web.
Apart from being an automated trading system with an in-built indicator to show market reversal points, this software also has a loss recovery system. This feature is concerned with ensuring that traders can recover what they have lost in the market. We are not sure how this is supposed to work since the developer did not elaborate on this feature.
Other features that have apparently been built into this system include high slippage protection, high spread protection, and money management. Updates are offered for free as well.
These are common features that you should expect with any premium trading system. Again, we don’t see any unique offering here.
The vendor claims that they do have both demo and live trading results which have been confirmed by myfxbook website. But they do not have an account with myfxbook. We do not know where these results are coming from in the first place.
There are a couple of back tests on the landing page. These are supposed to act as proof that Forex Pulse Detector makes money.
Back tested results will always show profits. Vendors are not fools to ward off potential buyers with negative results. However, the fact that they do not have a myfxbook account means that this vendor is possibly hiding something.
Besides this, we have always stated that back tested results cannot be modeled into future performance. In this era of expert advisor trading, traders should only purchase robots whose performance can be proved by an active, verified myfxbook account. There is no other way round it.
Forex Pulse Detector is being sold for a one time price of $71. The developer claims that they have slashed down the price by $8.
With that price, you will get one license for one account. You will get unlimited support and a 60-day money back guarantee.
But the first thing you will take notice of is how cheap this expert advisor is. Honestly, we are not sure if you can get all the features of this robot for that price. It is hard to believe that such a good robot can retail for this price.
Cheap is always expensive in the process. We do not think that this vendor can put all the effort into creating something that works only to sell it for $71. That’s not realistic.
Even the best trading systems and programs that we are recommending right now are not that cheap. That’s because their developers priced them according to the efforts that they invested in them.
The greatest issue with Forex Pulse Detector is that its author was not able to demonstrate its working using results that can be verified.
Another thing is that when a product is this cheap, then it possibly means that the developer didn’t put in enough effort to create something that will make you money in the long run. We are a little bit hesitant.
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