Capital System is located within the Experts sub-category of the MQL5 marketplace, it was developers by Vitalii Zakharuk and uploaded to the marketplace on the 7th of March 2020, it was updated on the 11th of AMrch 2020 and this brought the software up to 1.1.
Capital System is an expert advisor that was designed for use with the MetaTrader 4 trading platform, the system was designed to work with the GBPUSD currency pair only and is not optimized for any other currency pair. The system implements the principle of seven orders, this means that it will only open up seven trades at any one time. The system has been designed to work with a series of buys and sells independent from each other which means that the system can be a little more versatile than a system only doing buys or sells at any one time.
Some of the main benefits of the EA:
- Maximum 7 orders in one direction.
- Optimum indicators are selected.
- Adaptive risk management system and deposit protection system.
- Stops and also trailing stops work for a common position and not for a separate order, regardless of buying and selling.
So while things sound pretty good, looking through the parameters it doesn’t make for fantastic reading, it has become clear that the system uses a grid-based system, this is one of the strategies that are classed as dangerous. The way it works is that it will open up a trade if the markets move against it, it will open up another trade in the same direction, either at the same zie or larger, if the markets continue to move against it, more and more trades will be opened increasing the drawdown dramatically. This system has 7 trades maximum, but at that stage, the drawdown could be very high. These systems only work with huge accounts, and even then the account is not necessarily safe from large trending movements.
There are a number of different parameters that come with the EA, it comes with options such as the starting volume, automatic lot increases, risk management option, stop losses, take profits, the grid steps, additional paraments, magic numbers, comments, and more.
The Capital System can be purchased from the MQL5 marketplace for a one-time payment of $98, this gets you up to 5 activations of the software and no further limitations. Unlike many of the EAs on the MQL5 marketplace, there is no option to rent this one. There is a free demo version available, but this can only be used with the strategy tester within the MT4 platform rather than on a live account.
At the time of writing, there were no reviews or ratings from the customers of this EA, this makes it quite hard to work out whether the EA is working as intended and whether it is profitable or not. There are also no comments so the sort of support being offered in not known to us, due to this, we would strongly suggest that before you make a purchase, just send the developer a message to see whether they are there to offer support should you need it.
This Forex service is currently available at the following web address: https://www.mql5.com/en/market/product/47023