Renkin Jizai — Gold-only, 4-level risk selection Martingale × RSI contrarian EA
- Whole period
- 2 years
- 1 year
- 6 months
- 3 months
- 1 month
Forward testing (Profit)
Monthly Statistics
- Jan
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Calendar for Months
About EA's Strategy
Translating...
GOLD(XAUUSD) Exclusive Martingale × RSI Reversal EA
Alchemy at Will
— A default stable operation to weather the volatile gold market after the COVID crisis with PF2.3
Shortened operation × avoidance of dangerous days leads to the optimal stable operation.
Two more aggressive presets are available as two set files.
We will show seven years of validation data, both good and bad, exactly as is.
⚗️ The Alchemy at Will System — 3 Styles to Choose From
You can operate the same RSI reversal × ATR variable grid logic with three preset levels by changing the martingale multiplier and RSI settings. In addition to the default “Stable,” two high-leverage-ready set files (Aggressive and Super Aggressive) are included.
Stable
Martingale multiplier 1.06, ATR factor 0.25 with modest step size. It has been confirmed that accounts with leverage around 1:1000, and even those around 1:20, can operate for 7 years without account blowout.
Aggressive
Martingale multiplier 1.20; RSI(2) 10.4/89.6 to balance profit and risk. Assumes a high-leverage account.
Super Aggressive
Most aggressive setting with martingale multiplier of 1.35. Margin maintenance is the lowest, but profitability is outstanding. Assumes a high-leverage account.
You can switch styles by loading the included set files (.set) into MT5 Strategy Tester/EA Properties. Trading direction (Long&Short, Long Only, Short Only) can be selected separately via the input parameter (InpTradeMode).
🛡️ Safety Features Included
All styles share multiple standard safety features.
When the opposite side accumulates via averaging down, use as a rescue hedge on the accumulated side rather than a new position. In the rapid change period of November–December 2020, there is evidence in the trading history that this basket was saved.
Monitors price swing velocity in two time windows (short and long). In volatile conditions, it automatically stops new averaging down in both buy and sell directions.
Compares daily close to the 200-period moving average to limit new basket activations during counter-trend phases. Works symmetrically for buy and sell.
If the basket drawdown reaches the preset amount, force close. Default is OFF (the actual results shown are for OFF). If you want extra security, turn it ON and set a chosen amount (default 650,000 JPY).
Long&Short (default)・Long Only・Short Only are available as operating modes.
Economic indicators filter, month-end/start filters, and go-to-date filter (with holiday adjustments) are standard.
📊 Backtest Results (2019.07.01〜2026.07.15, 7 years)
| Item | Stable 1 | Stable 2 | Aggressive | Super Aggressive |
|---|---|---|---|---|
| Test Leverage | 1:1000 | 1:20 | 1:1000 | 1:1000 |
| Martingale / ATR | 1.06 / 0.25 | 1.06 / 0.25 | 1.20 / 0.4 | 1.35 / 0.5 |
| Net Profit | +6,190,086 JPY (+619%) | +5,952,624 JPY (+595%) | +15,287,401 JPY (+1529%) | +23,619,459 JPY (+2362%) |
| Profit Factor | 2.07 | 2.33 | 2.55 | 4.38 |
| Max Drawdown | 15% | 12% | 11% | 6% (1,262,077 JPY) |
| Minimum Margin Maintenance | 865.72% | 20.13% | 292.85% | 97.14% |
| Operating Hours | 09:00-15:00 | 09:00-15:00 | 09:00-15:00 | 09:00-15:00 |
Initial margin: 1,000,000 JPY / Fixed lot 0.01 (simple interest) / Stop-Loss Brake OFF / Go-to date filter ON for all styles / History quality 99%
※ Stable 1 and Stable 2 use the same settings (default) with only the validation leverage changed.
Martingale (n-averaging) type EAs carry a risk that unrealized losses can expand when extreme market moves continue. In the longer 12-year validation, there were periods where the balance dropped substantially under the stable setting. All results shown on this page are seven years (2019.07〜2026.07, including COVID crisis).
Trading costs (spreads and swaps) also affect performance. Please verify your own account environment in advance and test with a demo or small lot before use.
🔗 Comparison with the other brand “Alchemy Duo”
Alchemy Duo is a long-only, single-configuration evergreen product. Alchemy at Will has a shorter validation period but surpasses it in both Profit Factor and net profit rate with the default settings.
| Comparison Item | Alchemy Duo (M5) | Alchemy Duo (M15) | Alchemy at Will (Stable・Default) |
|---|---|---|---|
| Validation Period | 12 years | 12 years | 7 years (including COVID) |
| Profit Factor | 1.60 | 1.99 | 2.07 |
| Total Profit Rate | +476.9% | +329.3% | +619% |
| Operating Direction | Long-only fixed | Long-only fixed | Long&Short/Long Only/Short Only |
| Risk Preset | Single configuration | Single configuration | Three-stage selectable |
🏆 Reasons to Choose Alchemy at Will
Three levels to choose from
In addition to the default “Stable,” you can also choose the more aggressive “Aggressive” and “Super Aggressive.”
Bidirectional support
Choose Long&Short, Long Only, or Short Only. Earn opportunities in both uptrends and downtrends.
Proven rescue hedge
Not just theoretical; there are real examples in the trading history where baskets were saved during the 2020 volatility.
Honest disclosure
Not only good numbers, but also weaknesses and risk-prone scenarios over longer periods are disclosed as is.
【Independent Specifications and Notes for This EA】
💡 Recommended Settings
Copyright 2026, Kenji & Yoko. All rights reserved.
The coupon will expire in 4 days.
Price: $159.36 (taxed)
￥25,000(taxed)
●Payment
Sales from : 08/13/2026 21:24
Price: $159.36 (taxed)
￥25,000(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