In this post I will be reviewing the Forex Pulse Detector forex robot. This is from the same developer who brought you the Forex Trend Hunter and Dynamic Pro Scalper forex robots that I have also reviewed. Forex Pulse Detectoris a fully automated forex trading system that runs in the popular MetaTrader 4 (MT4) platform which is free to download. It can place and manage trades on behalf of the user. In order to use this forex robot, you will need a trading account with a forex broker. With so many brokers to choose from, I have conveniently compiled a list of my best forex brokers to help you quickly and easily choose a broker that meets your needs.
Forex Pulse Detector Trading Strategy
The idea behind Forex Pulse Detector is that it will try and take advantage of market impulse – the hint was in the name! It combines multiple indicators that look for opportunities for price to start forming a reversal. Currently it runs on the GBPUSD and EURGBP currency pairs although the developers state that they are working on adapting it to others. It trades on the m15 chart time frames.
The expert advisor (EA) will analyse charts for potential trading signals based on the built-in algorithm. When it finds a signal, it can place and manage trades on behalf of the user. The settings can be customised to the user preferences. I would personally run forex robots with an ECN forex broker as I find that they tend to have some of tightest spreads, lowest commissions and reliable execution speeds.
Forex Pulse Detector Back Testing
The website has published some back tests showing results over a 5 year testing period. However, the modelling quality is 90% which means that back testing did not use tick data or real spreads. We need to take that into account, it would have been useful for potential users to see 99% modelling quality back tests using Birts TDS in the MT4 strategy tester.
Forex Pulse Detector Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Forex Pulse Detector Summary
Forex Pulse Detector is a fully automated forex trading system for the MetaTrader 4 trading platform, which you can setup quickly and leave it to run. As with all forex robots that need to be running 24/5 you may want to purchase a virtual private server (VPS) to run MetaTrader around the clock if it is not possible to always have your computer/laptop running. Unless of course the robot that you are using only trades at specific hours then you can just have your computer/laptop on during that time but keep in mind that it may manage open trades outside these hours.
Forex Pulse Detector comes with dedicated support, free updates, a 60 day money back guarantee and licenses for your demo and your live trading accounts. You can request for these licenses to be changed to other account numbers should you wish to do so. Check out the Forex Pulse Detector website for more information.