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
- Feb
- Mar
- Apr
- May
- Jun
- Jul
- Aug
- Sep
- Oct
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Calendar for Months
About EA's Strategy
Translating...
GOLD(XAUUSD) Dedicated Martingale × RSI Reversal EA
Alchemy at Will
― A stable operation that rides out the volatile gold market post-COVID crisis with PF2.3 as default
Time-optimized operation × hazard-avoidance leads to the optimal stable operation.
Two more aggressive settings available via two preset files.
Seven years of validation data, shown as-is, good or bad.
⚗️ Alchemy at Will Mechanism — 3 Styles to Choose From
The same RSI reversal × ATR variable grid logic can be operated with three preset combinations that vary Martingale multiplier and RSI settings. In addition to the default “Stable,” two aggressive preset files for high-leverage accounts are included (Aggressive and Super Aggressive).
Stable
Martingale multiplier 1.06 · ATR factor 0.25 with moderate step size. Verified operation without account collapse for accounts around leverage 1:1000, and even for about 1:20 leverage over seven years.
Aggressive
Martingale multiplier 1.20 · RSI(2) 10.4/89.6, aiming for a balance of return and risk. Assumes high-leverage accounts.
Super Aggressive
The most aggressive setting with Martingale multiplier 1.35. Margin maintenance is the lowest, but profitability is outstanding. Assumes high-leverage accounts.
Switching styles is as simple as loading the included set file (.set) into MT5 Strategy Tester/EA Properties. Trading direction (Long&Short, Long Only, Short Only) can be separately selected via the input parameter (InpTradeMode).
🛡️ Built-in Safety Mechanisms
All styles share multiple standard safety mechanisms.
In scenarios where the opposite side has been stepped up with averaging down, it is used as a rescue hedge for the accumulated side rather than initiating new orders. In the late 2020 volatility, it actually saved the basket, as verified in trading history.
Monitors the speed of price movement across two time windows (short and long); in sharp fluctuations, new averaging down is automatically halted. Supports both buy and sell directions.
Compares the daily close with the 200-period moving average to restrict new basket activations during counter-trend periods. Functions symmetrically for buy and sell sides.
An optional feature that forcibly closes the basket when accumulated unrealized losses reach the configured amount. Default is OFF (actual results reflect this OFF state), but turning ON and setting a chosen amount (default 650,000 JPY) is possible for added safety.
Trading modes can be selected from Long&Short (default) · Long Only · Short Only.
Economic indicator filters · end-of-month and start-of-month filters · Goto date filter (including holiday automatic adjustment) are standard. The dashboard on the chart shows at a glance why a new entry is paused (out of trading hours, spread, each filter, D1 daily data not acquired), and the Expert tab also outputs a diagnostic log of the state.
📊 Backtest Results (2019.07.01〜2026.07.31 · 7 years)
| Item | Stable 1 | Stable 2 | Aggressive | Super Aggressive |
|---|---|---|---|---|
| Testing Leverage | 1:1000 | 1:20 | 1:1000 | 1:1000 |
| Martingale Multiplier / ATR Coefficient | 1.06 / 0.25 | 1.06 / 0.25 | 1.20 / 0.4 | 1.35 / 0.5 |
| Total Profit/Loss | +6,227,733 JPY (+623%) | +5,990,271 JPY (+599%) | +15,347,889 JPY (+1,535%) | +23,651,815 JPY (+2,365%) |
| Profit Factor | 2.07 | 2.33 | 2.54 | 4.37 |
| Max Drawdown | 15% | 12% | 11% | 6% (1,262,077 JPY) |
| Lowest 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 / Goto date filter ON for all styles / History quality 99%
※ Stable 1 and Stable 2 use the same default settings with only the validation leverage changed.
Martingale (averaging down) EAs carry the risk of expanding unrealized losses during unexpected market swings. For the “Stable” setting, longer 12-year validations show occasional large balance drawdown; the results shown on this page cover only seven years (2019.07〜2026.07, including COVID crisis).
Trading costs (spreads and swaps) also affect performance. Please verify your account environment in advance, and test with a demo or small lots before use.
🔗 Comparison with the same brand's “Alchemy Duo”
Alchemy Duo is a buy-only, single-configuration long-term seller. Alchemy at Will has a shorter validation period but, with default settings, surpasses it in both profit factor and total profit/loss.
| 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/Loss | +476.9% | +329.3% | +623% |
| Operational Direction | Long-only fixed | Long-only fixed | Long&Short / Long Only / Short Only |
| Risk Preset | Single configuration | Single configuration | Three-stage selectable |
🏆 Why Alchemy at Will is Picked
Choose from 3 levels
In addition to the default “Stable,” you can also choose more aggressive options: “Aggressive” and “Super Aggressive.”
Bidirectional support
Choose Long&Short, Long Only, or Short Only. Seeks profit opportunities in both up and down markets.
Proven rescue hedge
Not theoretical; actual history shows the basket was saved during the 2020 sudden volatility.
Honest disclosure
Not only good numbers; weaknesses and risk scenarios that could enlarge are disclosed as-is over longer periods.
【Unique Features and Warnings of this EA】
💡 Recommended Settings
Copyright 2026, Kenji & Yoko. All rights reserved.
Price: $158.79 (taxed)
￥25,000(taxed)
●Payment
Sales from : 08/13/2026 21:24
Price: $158.79 (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