[Forward momentum at its best] For those seeking day trading and swing EAs, a perfect match, introducing the EURUSD-only EA "Alchemist"!

Alchemist

（The data in the video is as of September 10, 2019.）

This timeFX Nobleseller’s listing ofAlchemistwill be introduced.

Product page is here!!

◆Strategy

Currency pair is【EURUSD】and the time frame used is5 minutes

Trading style is【Day trading】【Swing trading】

Maximum number of positions is1

Maximum stop loss is215, and take profit is100

Looking at the trading history,

the take profit is 100, but it seems to be closed by internal logic.

◆Forward

The above is the forward results.

About 4 months of operationtrading frequency24 trades. And surprisinglywin rate is 100%!

What stands out is the amount of profit. With 24 winning entriestotal profit is about 420,000 yen.

With a 1-lot operation, the result suggests EA could earn about 100,000 yen per monthper month.

...Eh, I’d obviously want that. Haha

As with operating any EA, you need it to generate steady profits to sustain it.

EA with many trades feels a bit reassuring, but profits of 100 yen per trade can drag on.

For someone like me, this EA might be recommended!

But what to be careful about, as you can see from the forward above, is the most noticeable part.

...Isn’t the drawdown a bit dangerous? It’s really worrying…

I happened to have a chance to talk with the developerFX Nobleand asked, and the response was…

That drawdown is within expectations!!.

As a result of studying the price movement characteristics of EUR/USD,the maximum stop loss is set at 215.

Conversely, setting a shallower stop loss would not yield satisfactory results, according to him.

In actual forward results, the drawdown occurred right at the limit of the maximum stop loss.

From there, it returned to the targeted trend and generated profits.

Even if you had hit the stop loss, over 4 months of operation it would be about +200,000 yen.

Since it is a single-position EA, simple arithmetic doesn’t apply, but I think the numbers are quite excellent.

Backtest resultsalso show a win rateexceeding 94%.

With an average profit of 18,000 yen and a win rate of 94%, and a single loss trade of 200,000 yen, rough calculation shows

that over 100 trades total, profit would be about 500,000 yen.

Considering 24 entries over 4 months, annualized this would be about 350,000 yen in net profit.

Annual return of 35%—pretty excellent, isn’t it?

◆Backtest

Backtest data is also included.

From January 2010 to August 2019

Please use it as a reference.

That concludes the introduction ofAlchemist.

I hope this helps in choosing an EA. Thank you.