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
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Calendar for Months
About EA's Strategy
Translating...
GOLD(XAUUSD) Dedicated Scalping EA
Alchemy Duo
― Gold-dedicated scalping EA capable of selecting from M5/M15 with averaging-in
Only two settings decide the user: operation mode and stop-loss amount.
We will show 12 years of backtest data as-is, including good numbers.
⚗️ How Duo Works — Choose from two styles: M5 and M15
You can run the same logic on the higher-frequency M5 or the calmer M15, and choose which to use.
M5 Mode
Short-term RSI lower-bound reversal captures tiny price distortions at high frequency. Faster responses yield more trading opportunities, but also faster responses during market shocks.
M15 Mode
Run the same logic on 15-minute bars. Reactions are calmer, but secures wider spacing between averaging-ins, and in 12 years there were zero forced stop-outs. More suitable for stability-oriented traders.
Mode switching is done by selecting the EA's input parameter (InpMode). M5 requires installation on a 5-minute chart, M15 on a 15-minute chart (if the configured chart timeframe and the actual chart do not match, the EA will not start to prevent misoperation).
🖥️ Operational Status Dashboard
You can instantly see on the chart whether an entry is currently possible.
When new entries are blocked, the spread, margin maintenance rate, time zone, and economic indicators are shown in red to indicate the cause. While holding positions, you can also check floating P/L and brake amount. This is display-only and does not affect trading logic.
🛡️ Built-in safety mechanisms
According to the selected mode, the stop-loss amount is automatically applied.
If the unrealized loss reaches the configured amount, that mode's basket is forcibly closed. M5 is 800,000 JPY and M15 is 650,000 JPY as empirically recommended values.
During calm periods, spacing is tight; during sharp changes, the grid widens automatically. Structure prevents excessive averaging-ins during crashes.
Detects the speed of the decline using two time windows (short and long) and automatically stops new averaging-ins during sharp declines.
If the gold-related instruments do not match the selected mode and chart timeframe, activation is automatically rejected to prevent misoperation.
Buy-only (no hedging). The user only adjusts two things: operation mode and stop-loss amount.
All other parameters are fixed values confirmed by 12 years of backtests.
📊 Backtest Results (2014.07.01〜2026.07.15・Full 12 years)
| Item | M5 (Standard) | M15 (Optional) |
|---|---|---|
| Stop-loss amount setting | 800,000 JPY | 650,000 JPY |
| Total P/L | +4,769,503 JPY（+476.9%） | +3,292,595 JPY（+329.3%） |
| Profit Factor | 1.60 | 1.99 |
| Max Balance Drawdown | 14%（834,787 JPY） | 8%（163,974 JPY） |
| Max Margin Drawdown | 17%（1,001,187 JPY） | 33%（646,793 JPY） |
| Recovery Factor | 4.76 | 5.09 |
| 12-year forced stop-loss occurrences | 1 time | 0 times |
Initial margin: 1,000,000 JPY / Fixed lot 0.01（compounded） / History quality 99%
※The above results assume a 50-point spread filter. Based on forward performance, the standard value has been changed to 80 points in v1.35 and further to 100 points in v1.38 (no revalidation of the backtest itself).
⚠️ About the validation environment (honest disclosure)
This EA uses averaging-in, so trading costs (spread, swap) and environment differences significantly affect performance. The above results were validated in an environment with the tightest spreads and swap-free conditions.
Because the method involves many trades, cost differences accumulate and affect performance. In environments with wider spreads or higher swap burdens, results may be significantly worse than the numbers above. Please check your account environment in advance, and validate with a demo or small lots before use.
🏆 Why Alchemy Duo is Chosen
Choose from two styles
M5 focusing on trading frequency, and M15 for stability. You can choose the operation style that suits you with the same product.
Only two settings
Operation mode and stop-loss amount. The rest are fixed values that have been tested, preventing misoperation from breaking the risk design.
Honest disclosure
We disclose not only good numbers but also environment-dependent risks and situations where losses can expand.
Gold-dedicated design
Not a generic currency pair tool; a dedicated logic tested against 12 years of gold price movement.
【This EA’s Unique Specifications and Cautions】
💡 Recommended Settings
Copyright 2026, Kenji & Yoko. All rights reserved.
The coupon will expire in 3 days.
Price: $226.45 (taxed)
￥34,800(taxed)
●Payment
Sales from : 08/04/2026 02:30
Price: $226.45 (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