Alchemist - Inner Circle

Hello everyone,

We just wanted to take a moment to provide a brief update regarding the progress of our ongoing software development.

As you know, we are working tirelessly on a significant update to enhance the performance and capabilities of our algorithm. This is a complex process, requiring extensive testing and refinements. Each test cycle takes several days, sometimes weeks, to ensure the highest level of reliability and efficiency.

While we are using our software on a single currency pair at the moment, which inherently limits performance potential, we are pleased to note that recent drawdowns have remained low as well - a reassuring aspect for many of our users.

Looking ahead, we are targeting a Beta launch in January, followed by a full release in February, though we must emphasize that these timelines are not set in stone. Our priority is to deliver a robust and thoroughly tested solution, and we will not compromise on quality.

We are also exploring the addition of new currency pairs and potential modifications to our Correlation Detecting System to enhance the algorithm's adaptability and diversification. These features are undergoing thorough evaluation, and we will keep you updated as progress unfolds.

Thank you for your patience and ongoing support. We will provide further updates as we move closer to the release.

Currently, we are facing particularly challenging market conditions. The US dollar is showing exceptional strength across all major currency pairs, driven largely by fundamental factors such as global reactions to recent leadership changes in the US. These strong movements do not appear to be backed by robust economic data or technical trends but rather by sheer anticipation of a stronger economic outlook under the new leadership. These one-sided movements, with little to no corrections, have created an environment that is particularly challenging for any trading system based on past data and technical indicators to navigate effectively. Neither fundamental key levels nor released economic data seem to impact the market as they have in the past. It all appears to be driven primarily by belief in a stronger US economy.

Our simulations date back to 2015, so the software has already navigated two presidential elections. In 2016, we experienced a similar situation with the Republicans winning and Trump becoming president. In 2020, we observed a shift back to the Democrats under Biden. Those periods were successfully navigated by the software.

As developers, our systems are built and optimized using precisely this type of historical data and statistical analysis. While this approach has provided reliable results in the past, it is impossible to account for every future scenario. The current market situation reflects a fundamental shift, making it especially challenging for the software to adapt in real time.

For now, we have personally decided to trade only on EURUSD until the new update is released. This is solely our decision based on our observations. It is important to emphasize that every user must make their own decisions regarding their trading preferences, whether to continue trading, continue on all pairs or trade solely on EURUSD.

From past statistics, EURUSD has shown the strongest performance during the recent shifts, and it has historically provided the most favorable results. However, it is important to note that past performance does not guarantee future results, and all trading involves risk.

This approach may reduce monthly profits but also appears to lower the likelihood of correlated drawdowns and reduce the likelihood of a stop-out event. However, it is essential to remember that the possibility of a stop-out still exists and cannot be eliminated entirely.

Following this message, I will share a brief step-by-step guide and a video tutorial demonstrating how you could adjust the software to trade only on EURUSD, should you choose to do so:

1. Accessing MetaTrader: Open the platform where the software is running, whether it’s on your server or PC.

2. Activating Exit Mode: Click on the "Exit Mode" button on the software in the EURUSD chart. The button will turn green when activated.

3. Now you can wait until all open positions are closed.

ALTERNATIVELY, you could theoretically close the open trades directly and realize the loss.

4. Removing Other Charts: Once all positions are closed, you could close the USDCAD and AUDUSD charts.

5. Resuming Trading: Click the "Exit Mode" button on the EURUSD chart again. The button will turn blue, indicating that trading has resumed.

Pair: EURUSD
Testing Environment: January 2015 - June 2024; Every Tick; Tick data from Dukascopy; 1 pip fixed spread; negative swap in both directions -9.3; commission €5.5 round trip; slippage simulation active - max positive 2 points, max negative 10 points.

Description:
X-axis: Date
Y-axis: Gain

This graph shows the latest iteration, Version X, since 2015 with a stopout at -20%. Due to the reduced drawdown periods, this iteration may allow us to introduce smaller stopouts while remaining statistically profitable in the long run. Additionally, this graph highlights how often we would expect a drawdown higher than 20% during the 114 months of backtesting.

Pair: EURUSD
Testing Environment: January 2021 - June 2024; Every Tick; Tick data from Dukascopy; 1 pip fixed spread; negative swap in both directions -9.3; commission €5.5 round trip; slippage simulation active - max positive 2 points, max negative 10 points.

Description:
X-axis: Date
Y-axis: Percentage Drawdown

Visualized drawdown periods with the latest Version X since 2021.

Pair: EURUSD
Testing Environment: January 2021 - June 2024; Every Tick; Tick data from Dukascopy; 1 pip fixed spread; negative swap in both directions -9.3; commission €5.5 round trip; slippage simulation active - max positive 2 points, max negative 10 points.

Description:
X-axis: Percentage thresholds
Y-axis: Hours spent above certain percentage thresholds

Comparison of the current version (Version Basic) to all major update iterations. The best update version is represented as Version X.

The past few weeks have been challenging for the software, especially with the stop-out protection being triggered. We understand that this may have led some of you to stop using it or wait for an update that can may restore past performance.

As many of you know, we’re constantly working on updates and improvements. To give you a quick overview of our current progress, we’ve visualized it in easy-to-read graphs.

While we don’t have an exact launch date yet, we’re aiming to have everything ready by the beginning of the new year. In the meantime, the graphs show how we’ve managed to reduce drawdown while slightly improving profits. Each graph includes a brief explanation of what’s being displayed.

Note: This is not the final Version, its showcasing the latest iteration on EURUSD.

When the Version is ready for beta testing, we will provide a detailed video walkthrough explaining the updates, so you can understand the changes and decide how you wish to proceed.

Just posted a quick update video in my Insta story! 😊 It's about an upcoming update that will help us get back to the old gains 📈. There's no specific date yet, but I'll share more details in the story. I haven't posted the video here yet because we still don't have an official date. We will never rush the process; good things take time 💪🏻. But I still wanted to keep you updated.

Here’s the link to my profile. Feel free to watch the story—it's only available for the next 24 hours because it's just a story! 🔥

https://www.instagram.com/the_algorithmic_trader?igsh=a3BxcG94YTRlemU=

🟢 Quick update 🟢

Please double-check if the software is running after the update. In rare circumstances, after reinstalling the update of the MT4, the software could be removed from the charts, or you might be logged out from the account. If this happens, simply log in again if required and reinsert the software👍🏻

🛑 IMPORTANT VIDEO 🛑

This step is only necessary if you have the OLD VERSION of MT4. You will see this indicated in the bottom right corner.

Some people commented on the wrong video. Just to clarify, this is the giveaway. Only comments on that specific video will be counted automatically.

Good luck! 🍀

Hello everyone 💪

I hope you are all doing amazing. 🔥

Just to let you know, I make a BIG GIVEAWAY on Instagram 🎁

🤑 1,000€ in CASH 🤑

Watch the latest video on my Instagram account to join: https://www.instagram.com/the_algorithmic_trader?igsh=MXU3cHc2dDUzZ2oyMQ%3D%3D&utm_source=qr

✅ Like the video
✅ Tag two friends
✅ And follow me

The winner will be announced in my Story on Sunday, June 9, 2024 🥳

Good luck to everyone 😉

Quick Tutorial Video of the required steps.

Hello guys,

we have decided to temporarily suspend the EURJPY pair due to the economic situation in Japan.

Unfortunately, this will require closing out all EURJPY positions at a loss.

This decision followed extensive internal discussions. We know that this may result in a negative outcome for May, but we are confident that this is the safest long-term decision.

Some of you might wonder why we are taking this action now. Please understand that this decision was not made hastily. Typically, our decisions are based entirely on data.

However, given the recent behavior of EURJPY, we consider it safer to discontinue trading this pair for economic reasons, rather than from a purely statistical perspective.

Action Steps:

1: Open MT4 where the software is installed.
2: Close the entire EURJPY chart.
3: Close all open EURJPY trades at the current price.
4: Double-check that the software is now only installed for three pairs (EURUSD, AUDUSD, USDCAD) and ensure that all EURJPY trades are closed.
5: Make sure you still meet the minimum Deposit for the Software to trade. (500 on Cent Accounts, 5000 on Regular Accounts)

Best Regards
Your FXAlchemist Team

Update Release Version 8.2



What is this update for?
Improved handling of low liquidity situations and enhanced response to frequent requotes from brokers.



What You Need to Do:
Updating is simple and should take no more than 5 minutes. The update can be performed at any time, even while the market is open.



Important: You can also install the software if you have open positions; the new software will recognize and take care of them.



I have recorded a video tutorial to walk you through the process step by step.



Follow this video to uninstall the current version and install the new version:



WINDOWS and VPS Instruction:

https://vimeo.com/931454695/643a25f46a?share=copy

MAC Instruction:

https://vimeo.com/931447068/2634d53934?share=copy



Download link for the new Software:

https://the-algorithmic-trader.com/wp-content/uploads/2024/04/Alchemist.zip



Here is a written form of the Steps:



1. Download the latest version:

Follow the link, download the new version. Since it is a zip file, you must extract it before you can use the files.



2. Open MT4:

Open your MT4 where the software is currently running, whether on the server or your PC.



3. Access 'File':

Navigate to the top left to 'File' in the top menu.



4. Open Data Folder:

Select 'Open Data Folder'. A window will pop up.



5. Navigate to 'MQL4':

In this window, proceed to the 'MQL4' folder.



6. Go to the 'Experts' Folder:

Inside 'MQL4', locate and open the 'Experts' folder, where you will find the current ALCHEMIST files.



7. Copy the new files:

Navigate to the folder where you have saved the new files and copy them.



8. Paste and replace the files:

Paste the new files into the folder containing the old ones. When prompted to replace them, confirm with "YES".



9. Close the Window:

Once the new files are inserted, close the window.



10. Refresh everything:

Go to the Navigator on your MT4, make a right-click on 'Expert Advisor' and click 'Refresh'. After that, the software is successfully updated.

11. Confirm:

Now please confirm if the update is installed by checking the Version on all four pairs. The Version count should now be 8.2 instead of 8.1.





After completing these steps, the software is successfully updated.



Support:
We have made these instructions as straightforward as possible. If you have any questions or require assistance, feel free to contact our chat support:
- WhatsApp: https://wa.me/35795952015
- Facebook Messenger: https://m.me/106087025690726
- Instagram DM: https://ig.me/m/the_algorithmic_trader
- Telegram: https://t.me/FxAlchemist_bot
- Email: [email protected]



Thank you very much for taking the time to update your software



Best regards,



Johannes

Founder and CTO

Alchemist

All rights reserved

Recently, we received a few messages indicating that the MT4 platform has stopped working.

Please remember to check regularly if the MT4 requires an update.🙏🏻

You can also verify this on the MT4 mobile app; if there haven't been any closed trades for a day or more, check the MT4 Terminal where the software is installed.

If an update is necessary, you will see "Old version" displayed at the bottom right.

For instructions on how to update, you can watch the video I have marked. If you encounter any difficulties during the update process, our Support Team is on standby to assist you.💪🏻

🟢 Important Notice 🟢

As we are continuously working on improving our service, we've added additional support channels to ensure everyone can use their preferred method to contact us. We now maintain the same swift response time of under 5 minutes across all channels.

However, this change required us to make a move on Telegram. You can now reach us on Telegram via this link: https://t.me/FxAlchemist_bot

For you, there will be no difference; after reaching out to us with the provided link, you will instantly receive a response from our support team through Telegram, just as before. Rest assured, every chat will always be handled by a professional from our team, with no automated bot responses.

This adjustment is purely technical, enabling our team to utilize a unified inbox across all channels.

As mentioned earlier, we have now integrated new messenger apps where you can reach us. These include:

- WhatsApp: https://wa.me/35795952015
- Facebook Messenger: https://m.me/106087025690726
- Instagram DM: https://ig.me/m/the_algorithmic_trader
- Telegram: https://t.me/FxAlchemist_bot
- Email: [email protected]

Feel free to use any of the new channels if you prefer, or continue communicating here on Telegram using the provided link.

Best regards,
Johannes

Quick update 📈