AutomatedForexTools has introduced us a brand-new robot called Forex Impulse Trader. The strategy of its performing is, according to the presentation, opening two trades at the same time and in the same direction. There are separate take profits for both trades: FirstTrade_TP and SecondTrade_TP. If the first trade was profitable, the robot patterns take profit value to the second trade as well.
The robot supports six currency pairs: USD/CHF, EUR/USD, EUR/AUD, EUR/JPY, GBP/USD, USD/JPY. How developers said the best pairs to trade are GBP/USD and EUR/USD.
Automated Forex Tools provides the next recommendations. The robot provide successful trading only with a risk less than 2%. The minimum account balance they suggest to have is at least from $500 to $1000. They suggest us to run the robot first of all on a demo account to be sure about its performing.
There are some backtests which show great results, but there is not any real myfxbook account for this robot in order to check real data and its details.
Forex Impulse Trader: To Trust or Not to Trust?
If we talk about pricing, its price is just only $69. For Forex Robot Expert is the first call that the robot is garbage. The average price for any robot starts from $170-180 (including a discount).
The second call for us was that there has been the robot profile but it has been deleted.
The third call was the reason why it has been removed.
The robot starts scam performing destroying the account deposit.
The last call is if the robot is a scam why they keep selling it in order to what?
No proved results
We have gone to the main developer’s account and what we saw.
There have been 9 accounts, some of them run for real money and show solid results.
Checking this you probably understand that you need not Impulse Detector, but Pulse Detector GBP/USD. What’s the joke!
Let’s check this account because another real one got -3.64 with 55.50% of drawdowns.
The account trades real USD Cent, using Alpari NZ as a brokerage company, and MetaTrader 4 platform.
The robot proved that it could manage to trade very smooth and profitable for over 4 years even with 50.86% of drawdowns. There’s a daily gain (0.08%), monthly (2.55%). There have been performed 1281 deals which a little were 69% have been successful. Longs won happened in 66% trades, Short ones in 70%.
There should be a real system because in some days there have just several deals when in other days there have been hundreds of them.
The robot stopped trading after August 2019.
Drawdowns of this account are so high (50.86%) but when less when the robot ran.
Lack of Transparency
Frankly say, it doesn’t matter how good their Pulse account was because developers have been deleted data of bad performing the Impulse robot. They try to sell a cat in a bag.
Conclusion: To Trust or Not to Trust?
Let’s sum everything up. There was no reason to trust this product. If you’d like to try it on the demo account go ahead, but we warn you not to buy it immediately and run on the real account. If you trust the seller you’d better ask him for Pulse Detector robot to try it.