Alchemy Duo — Gold-only scalping EA operating on M5 and M15
- Whole period
- 2 years
- 1 year
- 6 months
- 3 months
- 1 month
Forward testing (Profit)
Monthly Statistics
- Jan
- Feb
- Mar
- Apr
- May
- Jun
- Jul
- Aug
- Sep
- Oct
- Nov
- Dec
Calendar for Months
About EA's Strategy
Translating...
GOLD(XAUUSD) Dedicated Scalping EA
Alchemy Duo
— Gold-specific, Nanpin-style scalping EA selectable from M5/M15
If you use it with default settings, the only things to confirm are the operating mode and server time difference.
We will show 12 years of backtest data with good figures as-is.
🧪 First, try the free trial version and the serialization articles
Before purchase, you can check the actual behavior and our approach.
7 days of free trial version with no feature restrictions
Both logic and safety devices are identical to the product version. First, please verify Duo’s operation on a demo account.
Alchemy Duo Free Trial Version Here ▶※When the trial period (7 days) ends, the EA will stop, and any positions held will remain unsettled. If you are using on a real account, please be aware.
Episode 4The nature of equal-weighted nanpin, how to choose M5 vs M15, how to use the free trial version
Read Episode 4 ▶Episode 5Mastering Profit Pursuit mode and the “waiting time” for official forward testing
Read Episode 5 ▶⚗️ Duo Structure — Choose from two styles: M5 and M15
You can operate the same logic with higher-frequency M5 or more moderate M15.
M5 Mode
Using short-term RSI lower-bound mean-reversion to capture fine price movements at high frequency. Faster responses yield more trading opportunities and quicker reaction to market shocks.
M15 Mode
Operate the same logic on a 15-minute chart. Reactions are milder, but the nanpin interval has more room, and over 12 years, zero forced stop-outs were observed. More suitable for stability-seekers.
Switching modes is as simple as selecting the input parameter (InpMode). M5 requires installation on a 5-minute chart, and M15 on a 15-minute chart. If the configured chart time does not match, the EA will not start to prevent misoperation.
🖥️ Operating Status Dashboard
You can instantly see whether new entries are possible on the chart.
When new entries are paused, the dashboard displays in red which filter is causing it—spread, margin maintenance ratio, time of day, or economic indicators. While holding positions, you can also check unrealized P/L and brakes. This is a display-only feature and does not affect trading logic.
From the dashboard, you can close all active positions with one click. It is initially locked. It only executes after you unlock it. It does not affect normal buy/sell logic.
🛡️ Built-in safety devices
According to the chosen mode, the amount to stop loss is automatically applied.
If the unrealized loss reaches the specified amount, that basket is forcibly closed. M5 is 800,000 yen and M15 is 650,000 yen as empirically tested recommended values.
In calm markets, tighter spacing; in sharp moves, automatically widen the spacing. Structure prevents excessive averaging down during crashes.
Monitors the speed of declines in two time windows (short and long); in rapid drops, stops new nanpin automatically.
If you choose non-Gold instruments or if the mode and chart timeframe do not match, it will automatically refuse to start to prevent misoperation.
New entries pause around important indicators. In v1.42, if economic calendar data retrieval fails, it no longer treats this as “no indicator”; instead it shifts to a safety mode (stop new entries). This affects live operation only, not backtests.
Buy-only (no hedging). If used with default settings, confirm only two things: operating mode and server time difference.
Stop-loss amount and operation filters are pre-filled with recommended values derived from 12 years of backtesting. Adjustments are possible, but results outside the validation range are not guaranteed. Core trading logic using RSI, ATR, and crash filters remains fixed and cannot be changed.
📊 Backtest Results (2014.07.01〜2026.07.31・Full 12 years)
| Item | M5 (Default) | M15 (Optional) |
|---|---|---|
| Stop-loss amount setting | 800,000 yen | 650,000 yen |
| Total net profit | +4,939,834 yen (+494.0%) | +3,350,276 yen (+335.0%) |
| Profit factor | 1.62 | 1.98 |
| Max drawdown of balance | 14%（834,787 yen） | 8%（163,974 yen） |
| Max drawdown of margin | 17%（1,001,187 yen） | 33%（646,793 yen） |
| Recovery factor | 4.93 | 5.18 |
| 12-year forced stop-loss count | 1 | 0 |
Initial margin: 1,000,000 yen / Fixed lot 0.01 (simple interest) / History quality 99%
※The above results are verified with the default spread filter set to 100 points.
⚠️ About the verification environment (honestly)
This EA uses averaging-nanpin, so trading costs (spreads, swaps) and environment differences heavily affect performance. The results above were verified in an environment with the narrowest spreads and near-swap-free conditions.
Because the method involves many trades, cost differences accumulate and can affect results. In environments with wide spreads or large swap burdens, performance may be significantly worse than the numbers above. Please confirm your own account environment in advance, test with a demo or small lots, and then use it.
🏆 Why Alchemy Duo is Chosen
Two styles to choose from
M5 focused on trading frequency, and M15 for stability. You can choose the operating style that fits you with the same product.
Can be used with default settings
What you need is just the operating mode and server time difference. Stop-loss amounts and operation filters are pre-filled with tested recommended values and can be adjusted if needed (the core trading logic is fixed).
Honest disclosure
Not only good numbers, but also environmental dependencies and potential losses are disclosed as-is.
Gold-specific design
Not general currency pairs; specialized logic tested for 12 years focusing on gold price movements.
【Distinct Specifications and Cautions of This EA】
【Using M5 mode on a low-leverage account】In backtests redone with 1:20 leverage, M5 mode with the default stop-loss of 800,000 yen triggered at deeper levels in two instances (Nov 2014 and Mar 2026). Increasing stop-loss to950,000makes only one trigger in Mar 2026, aligning performance with 1:1000 leverage. However, the margin maintenance drops to as low as 38.56%. Some domestic brokers may trigger auto-closure around 50% or 100% maintenance; please check your broker’s loss-cut threshold. If unsure, choose M15 mode for safety.
💡 Recommended Settings
Copyright 2026, Kenji & Yoko. All rights reserved.
Price: $219.55 (taxed)
￥34,800(taxed)
●Payment
Sales from : 08/04/2026 02:30
Price: $219.55 (taxed)
￥34,800(taxed)
●Payment
Just like discretionary trading, there are those that decide trading and settlement timings by combining indicators, those that repeatedly buy or sell at certain price (pips) intervals, and trading methods that utilize market anomalies or temporal features. The variety is as rich as the methods in discretionary trading.
To categorize simply,
・Scalping (Type where trades are completed within a few minutes to a few hours),
・Day Trading (Type where trades are completed within several hours to about a day),
・Swing Trading (Type where trades are conducted over a relatively long period of about 1 day to 1 week)
・Grid/Martingale Trading (Holding multiple positions at equal or unequal intervals and settling all once a profit is made. Those that gradually increase the lot number are called Martingale.)
・Anomaly EA (Mid-price trading, early morning scalping)
However, a substantial advantage of automated trading is its ability to limit and predict risks beforehand.
[Risk]
Inherent to forex trading are the trading risks that undeniably exist in automated trading as well.
・Lot Size Risk
Increasing the lot size forcibly due to a high winning rate can, in rare instances, depending on the EA, lead to substantial Pips loss when a loss occurs. It is crucial to verify the SL Pips and the number of positions held before operating with an appropriate lot.
・Rapid Market Fluctuation Risk
There are instances where market prices fluctuate rapidly due to index announcements or unforeseen news. System trading does not account for such unpredictable market movements, rendering it incapable of making decisions on whether to settle in advance or abstain from trading. As a countermeasure, utilizing tools that halt the EA based on indicator announcements or the VIX (fear index) is also possible.
[Benefits]
・Operates 24 hours a day
If there is an opportunity, system trading will execute trades on your behalf consistently. It proves to be an extremely convenient tool for those unable to allocate time to trading.
・Trades dispassionately without being swayed by emotions
There is an absence of self-serving rule modifications, a common human tendency, such as increasing the lot size after consecutive losses in discretionary trading or, conversely, hastily securing profits with minimal gains.
・Accessible for beginners
To engage in Forex trading, there is no prerequisite to study; anyone using system trading will achieve the same results.
[Disadvantages]
・Cannot increase trading frequency at will
Since system trading operates based on pre-programmed conditions, depending on the type of EA, it might only execute trades a few times a month.
・Suitability may vary with market conditions
Depending on the trading type of the EA, there are periods more suited to trend trading and periods more suited to contrarian trading, making consistent results across all periods unlikely. While the previous year might have yielded good results, this year's performance might not be as promising, necessitating some level of discretion in determining whether it is an opportune time to operate.
・MT4 (MetaTrader 4. An account needs to be opened with a Forex company that offers MT4.)
・EA (A program for automated trading)
・The operating deposit required to run the EA
・A PC that can run 24 hours or a VPS (Virtual Private Server), where a virtual PC is hosted on a cloud server to run MT4.
Additionally, there are both demo and real accounts available. You can experience trading with virtual money by applying for a demo account. After opening a real account, you select the connection server assigned by the Forex broker, enter the password, and log in to the account.
When you deposit money into your account using the method specified by the forex broker, the funds will be reflected in your MT4 account, and you can trade.
Firstly, download the purchased EA file from your My Page on GogoJungle. You will download a zip (compressed) file, so right-click to extract it and retrieve the file named ‘◯◯◯ (EA name)_A19GAw09 (any 8 alphanumeric characters).ex4’ from inside.
Next, launch MT4 and navigate to ‘File’ → ‘Open Data Folder’ → ‘MQL4’ → ‘Experts’ folder, and place the ex4 file inside. Once done, close MT4 and restart it. Then, go to the upper menu ‘Tools’ → ‘Options’, and under ‘Expert Advisors’, ensure ‘Allow automated trading’ and ‘Allow DLL imports’ are checked, then press OK to close.
The necessary currency pair and time frame for the correct operation of the EA are specified on the EA sales page. Refer to this information and open the chart of the correct currency pair time frame (e.g., USDJPY5M for a USD/Yen 5-minute chart).
Within the menu navigator, under ‘Expert Advisors’, you will find the EA file name you placed earlier. Click to select it, then drag & drop it directly onto the chart to load the EA. Alternatively, you can double-click the EA name to load it onto the selected chart.
If ‘Authentication Success’ appears in the upper left of the chart, the authentication has been successful. To operate the EA, you need to keep your PC running 24 hours. Therefore, either disable the automatic sleep function or host MT4 on a VPS and operate the EA.
If you want to use it with an account other than the authenticated one, you need to reset the registered account.
To reset the account, close the MT4 where the Web authentication is registered, then go to My Page on GogoJungle > Use > Digital Contents > the relevant EA > press the ‘Reset’ button for the registration number, and the registered account will be released.
When the account is in a reset state, using the EA with another MT4 account will register a new account.
Also, you can reset the account an unlimited number of times.
→ Items to Check When EA is Not Operating
1 lot = 100,000 currency units
0.1 lot = 10,000 currency units
0.01 lot = 1,000 currency units
For USD/JPY, 1 lot would mean holding 100,000 dollars.
The margin required to hold lots is determined by the leverage set by the Forex broker.
If the leverage is 25 times, the margin required to hold 10,000 currency units of USD/JPY would be:
10000*109 (※ at a rate of 109 yen per dollar) ÷ 25 = 43,600 yen.
・Risk-Return Ratio: Total Profit and Loss during the period ÷ Maximum Drawdown
・Maximum Drawdown: The largest unrealized loss during the operation period
・Maximum Position Number: This is the maximum number of positions that the EA can theoretically hold at the same time
・TP (Take Profit): The set profit-taking Pips (or specified amount, etc.) in the EA's settings
・SL (Stop Loss): The set maximum loss pips (or specified amount, etc.) in the EA's settings
・Trailing Stop: Instead of settling at a specified Pips, once a certain profit is made, the settlement SL is raised at a certain interval (towards the profit), maximizing the profit. It is a method of settlement.
・Risk-Reward Ratio (Payoff Ratio): Average Profit ÷ Average Loss
・Hedging: Holding both buy and sell positions simultaneously (Some FX companies also have types where hedging is not allowed)
・MT4 Beginner's Guide
・Understanding System Trading Performance (Forward and Backtesting)
・Choosing Your First EA! Calculating Recommended Margin for EAs
・Comparing MT4 Accounts Based on Spread, Swap, and Execution Speed
・What is Web Authentication?
・Checklist for When Your EA Isn't Working