The famous FX aristocrat's new product! An EA named 'Alchemist' that boasts a high win rate and works with a wide range of brokers.
Codifying exclusive techniques
With stable performance accumulate profits
【Alchemist Overview
The forward period was about two months from late July 2019 to early September 2019. Looking at the forward profitability chart, unrealized and realized profit has been increasing recently, but in the one-month period from August to September it has been on an upward trend.
Notably, the win rate is 100%, with no losses so far.
The traded currency pair is EUR/USD, with a maximum of one position open.
Notably, the maximum stop loss is set fairly wide at 215 pips, and take profit at 100 pips.
■ Monthly Analysis
Approximately 137.4 pips gained in about two months.
■ Average Holding Time
【Backtest Analysis】
2008.01.01-2018.12.31
Spread 5.0
1 lot fixed
Net profit: +6.431 million yen (annual average: 0.643 million yen)
Maximum drawdown: −0.706 million yen
Total trades: 899 (annual average 90 trades)
Win rate: 95.88%
Profit Factor: 1.76
Recommended margin amount is fixed at 1 lot
(48) + (70.6×2) = 189.2 (万円)
■ Yearly and Monthly Profit/Loss
Looking at yearly figures, there have been earnings with no losses over ten years.
Looking at monthly figures, drawdowns can be severe at times, but substantial gains are achieved.
・Trade Count
The number of trades ranges from a maximum of 105 to around 70, roughly one trade every 2-3 days.
・Holding Time
Holding times are mostly 4 hours to 16 hours. The next most common is 4 days held, and as the product page states, it seems to be mainly day-to-swing trading.
・Trade Time
All entries are made between 1:00 and 2:00.
■ Trade Image
▲ This is an example trade. The blue indicates a buy. It is held for more than a day.
▲ The red indicates a sell. It is held for about two days.
Because the stop loss is wide, unrealized losses can be large, but if you ride the trend, you can achieve substantial profits.
The win rate remains above 95% when comparing forward and backtests, indicating a very high win rate.
There are many FX brokers that support this logic for USD-straight pairs, with a single position and no averaging or martingale, making this EA beginner-friendly.
