Trading style: around the clock scalper with a very tight stop loss (4 pips for the L version, 2 pips for the S version) and with a much larger take profit target (13 pips for the L, 11 pips for the S). Naturally, the losing trades are predominant but overall it still makes good headway.
Currency pairs: EURUSD
Timeframe: H1
Price: $127
License: 1 account
NFA compliance: yes
Refund policy: 60 days unconditional (Clickbank)
Read more at the FX Capitalist website

Buy FX Capitalist

Note: this EA requires special broker conditions – good execution, good spreads, minimal stop distance. Some upsells are available including an advanced version ($137) that will allow changing all the parameters and a preset service that presumably offers preconfigured setting files. My forward test is running the basic L version.

Birt’s forward test

Settings: default (MoneyManagement 22)
Started: 29.01.2013
Broker: PrivateFx
Account type: live, micro
Starting balance: $300
Current EA version: Basic L 1.2.2

[myfxbook_image user=birt system=fx-capitalist id=489610 desc=”FX Capitalist Basic L live forward test”]

Official accounts

Settings: unspecified
Started: 13.11.2012
Broker: Pepperstone
Account type: Razor
Starting balance: $1500
EA Version: L

[myfxbook_image user=FXCapitalist system=fxcapitalist-l-pepperstoneecn id=423424 desc=”FX Capitalist official Pepperstone Razor live account”]

Settings: unspecified
Started: 13.11.2012
Broker: Pepperstone
Account type: standard
Starting balance: $1500
EA Version: L

[myfxbook_image user=FXCapitalist system=fxcapitalist-l-pepperstone-standard id=423425 desc=”FX Capitalist official Pepperstone standard live account”]

[myfxbook_note]

Backtests

Dukascopy tick data

The backtests are using real spread and span the 2007-2013 interval. It’s worth noting how the EA becomes profitable in the recent years while having a rather flat performance prior to that.

FX Capitalist Basic L v1.1.7 EURUSD 2007-2013 tick data backtest, real spread, default settings

FX Capitalist Basic L v1.1.7 EURUSD 2007-2013 tick data backtest, real spread, default settings

FX Capitalist Basic S v1.1.7 EURUSD 2007-2013 tick data backtest, real spread, default settings

FX Capitalist Basic S v1.1.7 EURUSD 2007-2013 tick data backtest, real spread, default settings

Please note that I recommend exercising extreme care if using the S version live.