Live since January 2021 · Verified on Myfxbook
Systematic currency trading, executed by software.
Rule-based forex software for MetaTrader 4 and 5
Alchemist runs a rules-based strategy on your own broker account in MetaTrader 4 or 5. Live since January 2021, with a public track record on Myfxbook. Understand the risks before you start, most retail trading accounts lose money.
From EUR 39 per month · free demo first · cancel anytime
- Live since January 2021
- Five currency pairs
- MetaTrader 4 and 5
- Minimum 650 EUR/USD
- 14-day money-back guarantee
Currency trading carries substantial risk. Most retail accounts lose money when trading leveraged products.
As featured in : Alchemist trading software, trusted by and seen on
- Yahoo Finance coverage of Alchemist
- Digital Journal coverage of Alchemist
- Financial Post coverage of Alchemist
- Markets Insider coverage of Alchemist
- Analytics Insight coverage of Alchemist
- The Data Scientist coverage of Alchemist
- Harlem World Magazine coverage of Alchemist
- E-Commerce Fastlane coverage of Alchemist
- Mirror Review coverage of Alchemist
- Metapress coverage of Alchemist
- 4.93 / 5ProvenExpert, 115 reviews
- Since Jan 2021rules traded live
- MT4 and MT5on your own broker account
- 14 daysmoney-back guarantee
- HE436483registered company in Cyprus
- No profit splitlicence is the whole cost
02Risk and suitability
Read this before the pricing
We would rather you decide against Alchemist today than be surprised by a losing month later.
Minimum account capital
650 EUR/USD
Test on a free demo account first, for as long as you want.
Required leverage
1:200
Offered by most MT4 and MT5 brokers.
Average drawdown
1–3 %
Average, not maximumThis is the AVERAGE drawdown, not the maximum.
Stop-out limit per currency pair
approx. 7.3 %
Introduced with the May 2025 revision.
Averages describe calm periods. Individual declines can and do run deeper than the average, and the per-pair limit caps what one pair costs the account, not what the account as a whole can lose.
This is not for you if
- you need the money back within the next few months
- a run of losing weeks would push you into switching the software off
- you cannot fund the account with at least 650 EUR/USD, which the strategy needs to spread risk across five pairs
- you expect a fixed monthly income from trading
- you are looking for a guaranteed return, no such thing exists here
Worst calendar year: [WORST_YEAR] · Worst month: [WORST_MONTH]
03Trading rules
The rules behind every position
Strategies, risk management and the tools it runs on. These are the published parameters of the system, not projections.
Five markets, one fixed rule set
Alchemist trades EURUSD, GBPUSD, AUDUSD, NZDUSD and AUDCAD. Each pair runs its own rule set, so the account does not depend on a single market.
- Pairs traded
- EURUSD, GBPUSD, AUDUSD, NZDUSD, AUDCAD
- Backtesting range
- 2018 to 2025
- Live history
- Since January 2021, revised May 2025
- Live track record
- Published since January 2023
- Discretion
- None during a position, rules only change with a published revision
Limits defined before the trade, not after
Every position carries its exit levels from the start, and each pair has its own stop-out limit introduced in the May 2025 revision. [METHOD_CONFIRMED]
- Stop-out per pair
- Approximately 7.3 percent
- Average drawdown
- Approximately 1 to 3 percent
- Diversification
- Five pairs that do not move identically
- Minimum deposit
- 650 EUR or USD, so all pairs can run
- Leverage setting
- 1:200 on your broker account
Your broker, your platform, your control
The software runs on your own MetaTrader account. You keep custody of the money and you can switch it off at any time.
- Platforms
- MetaTrader 4 and MetaTrader 5
- Broker
- Any broker you choose, the account stays yours
- Hosting
- Optional VPS for 24 hour uptime
- Profit split
- None, you keep the full result
- Stopping
- Remove the software and it stops placing orders
Backtested results are hypothetical. Currency trading carries substantial risk and most retail accounts lose money when trading leveraged products.
04Mechanics
What actually happens on your account
Four stages, described the way the software executes them. Where the exact mechanics are still being confirmed by the operator, the caption carries a visible pending token.
Alchemist · MetaTrader terminal
recordingOpen positions
Stop-out limit approx. 7.3 % per pair
Demo account
Simulated money, real market prices. Deposits and withdrawals are recorded in this browser only, and the open positions move with the live feed.
$ 10,000.00
Equity · balance $ 10,000.00
- Balance
- $ 10,000.00
- Floating result
- + $ 0.00
- Open positions
- 0
- Feed
- loading
Open positions
- Waiting for the market feed.
Cash movements
- No deposits or withdrawals yet.
This is a simulation for illustration. No real money is held, deposited, or withdrawn, and it is not a trading account. Currency trading carries substantial risk.
Alchemist attached to MetaTrader, recorded on a live terminal
How a position is shown in MetaTrader
Schematic illustration, not a real tradeEntry, stop loss and take profit as they appear in MetaTrader while the software holds a position. [METHOD_CONFIRMED]
EURUSD · buy 0.04
position openRisk is split, not concentrated
Each pair runs with its own limit, so one bad market cannot decide the outcome of the whole account.
No discretion in the moment
The rules do not change because a headline appears. They change only when a revision is published, as in May 2025.
Five currency pairs, not one
EURUSD, GBPUSD, AUDUSD, NZDUSD, AUDCAD: markets that do not all move together.
- EURUSD
- GBPUSD
- AUDUSD
- NZDUSD
- AUDCAD
Fixed rules, openly revised
The strategy was updated in May 2025 to add a per-pair stop-out limit of approximately 7.3 percent and wider diversification.
No per-pair stop-out limit
Stop-out limit approx. 7.3 % per pair
Diversification across five pairs
Five pairs that do not move identically, connected back to the same rule set.
Illustration
Runs on your account
Your money stays with your broker. We never hold, move or access your funds.
MT4 and MT5, any broker
Works with MetaTrader 4 and MetaTrader 5, with any broker you choose.
05Track record
Check the losing months, not just the good ones
The curves below come from backtests. The live account is public on Myfxbook, so you can open it and audit every trade before you pay anything.
Each market on its own
One pair can be flat while another carries the account. That is the point of trading five of them.
Past performance is not a reliable indicator of future results. Backtested results are hypothetical.
Live market prices from a public FX feed, not Alchemist trades
Calendar years
Negative years are shown, not omitted. Every cell below is pending verification.
| Year | Return | Benchmark |
|---|---|---|
| 2021 | [ANNUAL_RETURN_SINCE_START] | [BENCHMARK] |
| 2022 | [ANNUAL_RETURN_SINCE_START] | [BENCHMARK] |
| 2023 | [ANNUAL_RETURN_SINCE_START] | [BENCHMARK] |
| 2024 | [ANNUAL_RETURN_SINCE_START] | [BENCHMARK] |
| 2025 | [ANNUAL_RETURN_SINCE_START] | [BENCHMARK] |
Do not take our word for it
The live account is public on Myfxbook. Open it, filter it, and read the losing periods before you decide.
- Every trade timestamped
- Drawdown periods visible
- Updated automatically, not by us
06Setup
Running in about 20 minutes, on your account
Four steps on your own machine. Nothing is delegated to us, and nothing is locked in.
- 01
Use your own broker account
Any broker with MetaTrader 4 or 5, the five traded pairs and 1:200 leverage. Your money never leaves your account.
- 02
Install MetaTrader and Alchemist
Attach the software to the chart, follow the written guide. A VPS is optional, not required.
- 03
Pick your risk setting
You choose how much the software is allowed to risk. Start on a free demo account and switch to live when you are ready.
- 04
Stay in control
Pause it, change the setting or remove it from the terminal. New positions stop immediately.
Check the account from your phone
The MetaTrader mobile app shows open positions and account equity wherever you are. Monitoring is the point, not passivity.
Account equity
[EQUITY]
Software running
14 days to change your mind, refunded in full.
- 14-day money-back guarantee
- Cancel anytime
- No hidden fees
- Your money stays at your broker
07Customers
882 Trustpilot reviews, and the critical ones are public too
Two independent review platforms, both public, plus video interviews with real customers.
Customers on camera
Mentioned in
- Yahoo Finance
- Financial Post
08Operator
The company behind Alchemist
A registration number anyone can look up is worth more than a badge.
- Company
- MJ TECHNOLOGY LTD
- Address
- Archiepiskopou Makariou III 59, MOUYIAS TOWER, 3rd floor, Office 301, Larnaca, Cyprus
- Registration number
- HE436483
- VAT
- CY10436483B
- Phone
- +357 959 520 15
- support@fxalchemist.com
Larnaca, Cyprus
[FOUNDER_NAME]
The strategy was developed by [FOUNDER_NAME] and has traded live since January 2021, with the rules revised in May 2025 to add a stop-out limit per currency pair.
The company was founded in [FOUNDED_YEAR] and currently has [TEAM_SIZE] people. Active licences: [ACTIVE_LICENCES].
09Pricing
From EUR 39 a month, and you can stop whenever you like
A licence, nothing else. No profit split, no hidden fees, no upsell after purchase, and 14 days to get your money back.
Monthly
EUR 39/ month
Monthly licence. Cancel at any time.
- All future updates
- Support 7 days a week, 9:00–20:00 (UTC+2), replies typically within 10 minutes
- 14-day money-back guarantee
- Free, unlimited demo testing
14-day money-back guarantee
Quarterly
EUR 99/ 3 months
The same licence, billed quarterly.
- All future updates
- Support 7 days a week, 9:00–20:00 (UTC+2), replies typically within 10 minutes
- 14-day money-back guarantee
- Free, unlimited demo testing
14-day money-back guarantee
- 14-day money-back guarantee
- Cancel anytime
- No hidden fees
- Your money stays at your broker
10Objections
Questions people actually ask
Starting with the uncomfortable one.
Support, honestly labelled
Monday to Sunday, 9:00 to 20:00 (UTC+2). Replies typically within 10 minutes.
Written to support@fxalchemist.com.
Try it on a demo account before you risk a cent
The demo is free and unlimited. Live trading needs 650 EUR/USD, 1:200 leverage and the willingness to sit through losing periods. If it is not for you within 14 days, you get your money back.
- 14-day money-back guarantee
- Cancel anytime
- No hidden fees
- Your money stays at your broker
Trading involves substantial risk. The majority of retail investor accounts lose money. Past performance is not a reliable indicator of future results. Alchemist is software; it is not investment advice and we do not manage your money.