Pulse Fx Indicator MT4 – Free Edition

Hi Forex Wiki Friends,

Pulse Fx Indicator Description : 

The Shadow Pulse  Indicator is a paid impulse indicator, the algorithm of which, as is often the case, was copied from another indicator (CSI), which is based on short-term impulses of price fluctuations. In addition, levels and signals have been added to the indicator, but even with CSI, you can make exactly the same transactions without any problems.

Also, the price of the Shadow Pulse indicator at the moment is 6 420 rubles, but it is absolutely not worth the money, as can be seen further.

At the end of the article, you will be able to download a free analogue of this indicator, from which the Shadow Pulse algorithm was most likely copied.

Characteristics of the Shadow Pulse Indicator (CSI)

• Terminal: MetaTrader 4 .
• Time frame: M5.
• Expiration: 3 candles.
• Option types: Call / Put.
• Indicators: CSI, KG_Support_and_Resistance.ex4.
• Trading instruments: any.
• Trading time: 8: 00-18: 00.

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Broker Requirement :

Pulse Fx Indicator works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:

BROKER NAME	REGISTER	Year Founded	Headquartered	Leverage	Minimum Deposit	Regulating
	Register	2007	🇦🇺 Australia 🇨🇾 Cyprus 🇧🇸 The Bahamas 🇸🇿 Seychelles	1:1000	$200	ASIC, SCB, FSA
	Register	2008	🇨🇾 Cyprus	1:Unlimited	$10	CySEC, FCA, FSCA, FSA, BVI
	Register	2009	🇧🇿 Belize	1:2000	$10	FSC
	Register	2009	🇧🇿 Belize	1:3000	$1	IFCS
	Register	2009	🇨🇾 Cyprus 🇦🇺 Australia 🇧🇿 Belize 🇦🇪 Emirates	1:1000	$5	ASIC, CySEC , IFSC
	Register	2010	🇦🇺 Australia	1:500	$200	FCA , ASIC, DFSA
	Register	2011	🇬🇧 England	1:500	$25	CySEC
	Register	2006	🇪🇭 Ireland	1:400	$100	CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

Pulse Fx Indicator Settings : 

Trading rules and description of the Shadow Pulse indicator (CSI)

The website of the author of the Shadow Pulse indicator says that the indicator algorithm is based on:

1. The actions of a major player;
2. Levels relative to the open positions of a major player;
3. Finding momentum.

We can agree that the indicator really analyzes the price and determines the momentum, although there is nothing complicated about this and Bollinger Bands can do the same without any problems, but there is no doubt that this indicator will not be able to determine the actions of a large player.

The concept of "large player" can be applied to stocks or futures on a real exchange, since there is an opportunity to see real volumes during trading , but even with such information it is almost impossible to understand, since it is not known who exactly made certain transactions.

The Forex market is considered to be decentralized, since it does not have a single trading platform where everyone could make transactions with currencies or metals. This means that no open positions on currency pairs can be determined, from which we can conclude that the levels that the indicator builds can be based on anything, but definitely not on the actions of a large player.

Note: it is also worth saying that the author of the Shadow Pulse indicator is the author of other indicators, and most of them he says that they are ways to determine the actions of a large player, although this is not so.

Shadow Pulse indicator - reviews

Since the Shadow Pulse indicator appeared quite recently and very few people had time to test it, there are very few reviews about it, but one of the most remarkable was found:

And as you can see, it says that this is just another copy, albeit made in a completely different way, but the essence, most likely, has not changed and the indicator is unlikely to be profitable in the long run.

How to get the Shadow Pulse indicator for free?

As mentioned above, the Shadow Pulse indicator is visually very similar to the CSI indicator and may well have been based on it. If you compare both of these indicators, you can see that they are no different in terms of plotting even at different price areas, and if their algorithm is different, then the minimum number of changes was made to Shadow Pulse:

This means that the CSI indicator can be used in trading in the same way, and at the same time it is free.

Also, the Shadow Pulse indicator contains levels that can be easily replaced with the KG Support and Resistance indicator (available in the archive at the end of the article) or choose any other level indicator from the TOP list of the best indicators of support and resistance levels .

As a result, adding indicators to the chart, you can get a similar template:

Trading rules and trades on the Shadow Pulse indicator (CSI)

Despite the fact that there are no signals in the CSI indicator, you can use it in another way, which is suggested by the author of the Shadow Pulse indicator himself.

The essence of trading is to buy options after a price impulse, which can be understood by the intersection of the indicator between the levels "1" and "-1". In this case, levels serve as an additional filter, and trades should be made only when they are supported by levels, and expiration should be used in 3 candles. The best timeframe for binary options when working with these indicators is M5 (5 minutes).

Call Option

When a signal appears in this case, it is important to understand that the level has already been formed earlier, after which the price once again approached it on an impulse, and this was shown by the CSI indicator:

Put option

The same situation occurred in this case, when the impulse movement was just to the already formed level:

Conclusion

As a result, using the free Pulse Fx Indicator , you can get exactly the same signals as when trading the Shadow Pulse indicator, and given that much of the author's website is not true, we can conclude that he is for sure not worth the money.

Disclaimer: Trading in the forex market involves substantial risk and may not be suitable for all investors. The information provided in this article is for educational purposes only and should not be considered financial advice. It is essential to conduct independent research and consult with a professional financial advisor before making any investment decisions.