Today I’m looking at a scalping system by newcomer James O’Reilly that goes by the name of FX Capitalist.
What is different about this software is that while it is a scalper, it works on a higher time frame. FX Capitalist EA uses a risk reward of 1:4 and trades automatically on the EUR/USD pair. There is also an advanced version of the software that allows for more customization and a monthly preset service which gives access to new settings on a monthly basis. That being said, the cost for the software is $87 and it is being sold on the ClickBank payment processor.
Please watch my video review of this new product so that you can get a better understanding of how it works and what its all about.
So there are a few things I go over in the video that I will further discuss here. My first notion when looking at a Forex robot is to hunt down the results. In trying to do so, I am afraid I came up empty handed, no mt4live, no myfxbook and just a screen shot of a back test.
While I don’t like to totally condemn an EA to a slow death after noting their are no results I can’t really recommend a software that doesn’t give some sort of real indication of performance. So, at this point we are going to have to wait for our amazing Forex Robot Nation users to come through and provide us with their results. I have also contacted James so I expect to get my own results up on this one as well.
So that’s it for now, if you need any help send me an email, if you have anything to contribute just write a comment about FX Capitalist below.