FX Capitalist

This article is obsolete and no longer maintained.
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

Official accounts

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

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

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.

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