Alchemist

Automated Trading AI

Alchemist
36 Reviews i
published (97%)
out of 37 reviews
Contact information

Contact information

Alchemist
Archiepiskopou Makariou III 59
6017 Larnaca
Cyprus
Directions

Contact person
Johannes Pichler

Review from 04/20/2024  
5.00 out of 5
Excellent
Recommendation
Quality
Value
Services
Implementation
Consulting

36 Reviews on ProvenExpert.com

5.00 out of 5
Excellent
Recommendation
Experience of a few weeks: this EA works! And it works very well! It's too early to give a definitive review, but I can assure you that at the moment the profits arrive from day one. There is always some operation that makes a loss, but it is always compensated by the simultaneous closures of other profitable operations. I will definitely give another review in a few months to express my experience over a longer period of time. Very good price to satisfy the curiosity of trying it, like I did. Below 5000 euros of capital, a cent account must be opened; I didn't understand it well, but I adapted and opened it with the broker they recommended. At the moment I'm really satisfied.
Customer review & rating for:
Alchemist
04/20/2024Anonymously
Alchemist Comment from Alchemist:
Hello Timo,

Thanks for your feedback. It's great to hear the EA is performing well and meeting your expectations so far. We look forward to your future insights as you continue to use our system.

Best regards,
Your FXAlchemist Team
5.00 out of 5
Excellent
Recommendation
Just upgraded to a lifetime license after 3 months of steady gains every month
Customer service has been amazing responding ultra quick every time
the software has gone through many world and political dramas over the last 3 years and has given gains every single month
thats fantastic
thank you Alchemist
Customer review & rating for:
Alchemist
04/17/2024Anonymously
Alchemist Comment from Alchemist:
Hello Mark,

It's wonderful to hear you've moved to a lifetime license and noticed consistent gains every month. We're happy to know our customer service has been quick to respond and helpful. Thank you for your support and for choosing Alchemist.

Best regards,
Your FXAlchemist Team
5.00 out of 5
Excellent
Recommendation
I made a test for more than 1 month, real account. Incredible drawdawn management, even during days with strong volatility due to Fundamentals, the DD was maximum 7%.

Also the costumer support is great, no matter where (Whatsapp, mail, Telegram) they are fast and solve any question propertly.

The profit is not huge, but if you are a experienced trader certainly you should know is not easy to obatin a solid and durable 3 to 5% montly with very low risk.

Obviously we are talking about Forex market, risk is always there, I reccomend you understand the market in case the algorithm made any extrange thing, If you desagree you can manage the positions. But in two months I only had to give a short glance for few seconds once or twice a day just to be sure, nothing more than that, works perfect.
Customer review & rating for:
Alchemist
04/17/2024Anonymously
Alchemist Comment from Alchemist:
Hello,

Thank you for your detailed feedback. We're thrilled to hear about your positive experience with our risk management and customer support. It's encouraging to know that our approach aligns well with your expectations of steady, low-risk returns in the Forex market. We really appreciate your recommendation. Here's to continued success.

Best regards,
Your FXAlchemist Team
5.00 out of 5
Excellent
Recommendation
Im gonna say like most people that i was also skeptical about this bot. But i take small risk and took for monthly subscription and after 3weeks took for lifetime no regret at all because this bot doing magical stuff and best part you dont need worry at all. I was amazed how perfectly performs. Customer service also the best when you have a problem they respond very quickly to solve any problem. I really recommend to try.
Customer review & rating for:
Alchemist
04/07/2024L.
Alchemist Comment from Alchemist:
Hello Linas,

It's great to hear you've had a positive experience with our AI bot, and we're glad your initial skepticism turned into satisfaction. Your decision to upgrade to a lifetime subscription is a testament to the confidence you now have in our product. Thank you for trusting us.

Best regards,
Your FXAlchemist Team
5.00 out of 5
Excellent
Recommendation
I was also skeptical initially, however, the reviews were good so I took the plunge and started at the beginning of January 2024. Installation of the bot was relatively easy with the video supplied. Three months on and so far I have been impressed, enough to purchase the lifetime licence. My account has increased by approximately 12% over the last 3 months and I have recently added more funds to the trading account. I have found customer service to be excellent with very quick replies via Telegram.
Customer review & rating for:
Alchemist
04/01/2024David R.
Alchemist Comment from Alchemist:
Hello David,

Thank you for sharing your experience and for upgrading to a lifetime license. It's fantastic to hear about your positive results and satisfaction with our customer service. We're here to support your continued success.

Best regards,
Your FXAlchemist Team
5.00 out of 5
Excellent
Recommendation
one of the very rare real deal AI systems if you ask me. Consistent to what the developers have described and the only one I could find so far you can use full hands off set forget. It will work in a bit unorthodox way, always having a floating loss running within the limits of safe DD occasionally going a bit higher due to market conditions but always brings it back to normal levels. During this time it closes most profitable trades while looking for new ones. Used it about a month on a demo ICMarkets 1:500 and got really impressed with results. So moved it on a new cent 500 Roboforex 1:200 and made in 10 days about 750 profit. Now due to being a cent account the actual gain is 7.50 but..totally worry free, hands free, test free check-test free. I simply let it run on a VPS sort of a long term investment. I have now two licenses, one monthly and one lifetime. It’s not the EA that will open huge positions, or make you thousands in 1-2 trades or the one that will pass your challenge in a 2-24 hours or at all, not even the EA that you tweak and make it run faster slower or with huge lots, or promise things that cannot be done and are unrealistic etc. It simply has 4 pairs, all on M1, one master pair for main control (EURUSD) has 2 modes low and medium risk (not even high), very strict specific requirements for running, a super smart exit mode when you want to stop the EA or change accounts. Fully remote account registration by yourself through activation page, very professional welcoming onboarding tutorial explaining everything giving you best idea on how to use it. And most importantly super responsive support through almost all channels (email, chat, telegram, insta, messenger). I truly believe it can give a real fighting chance to everyday traders to make some passive income if set correctly and left alone do it’s thing. For me I saw it like putting some money I could spare as an investment to grow much better and faster than ISA or bank interest or other PAMM investments which you have no control over at all and returns are not even certain. I am now thinking of upgrading to lifetime for the first monthly license I have. At least I have one solid thing to count on for my trading taking a lot of pressure and decision stress of my mind.
Customer review & rating for:
Alchemist
03/31/2024Anonymously
Alchemist Comment from Alchemist:
Hello,

Thank you so much for taking the time to update your review with such comprehensive feedback on our AI system. It's incredibly rewarding to hear how our system has aligned with your expectations and provided you with a hassle-free, profitable experience.

It's feedback like yours that motivates us to continue enhancing our system and support for traders like you.

Best regards,
Your FXAlchemist Team
5.00 out of 5
Excellent
Recommendation
I saw a Facebook advert for this algorithm and I was, well, reticent to say the least. There's so much noise online and most are scams or just trash.
Anyway, looked into it more and contacted their support - who were very quick - I had tonnes of questions and it took some time for me to trust them.
So, I got a monthly sub and installed on a demo system with Roboforex, followed the instructions (had more questions which their support answered quickly).
I ran a $10k demo account and followed the progress for a month. It wasn't 8% return but it was more like 4/5% - but I also knew the USD had taken a hit due to economic data that came out during that period.
My main concern then shifted over to Roboforex - their are some crappy reviews online about withdrawal but most of it seemed to be about money laundering rules getting in the way - well, that's down to the user to ensure they provide correct information.
Anyway - I tested it - for UK users - be aware - they only take GBP for deposit and will convert at their end to whatever currency you are running - for UK, I was offered USD or EUR.
I also asked Roboforex about withdrawals as it seemed that withdrawing by bank transfer was ONLY in EUR for UK accounts.
So, now I knew this I decided to create a EUR Roboforex account, set up a currency account with my bank here in the UK. I tested both deposit and withdrawal (note free withdrawals, no fees, on 1st and 3rd Tuesday with Roboforex) - and it all works.
So, I will now scale to 10k EURO and let it do it's thing.
Very impressed so far - oh, also be aware you should really get a remote VM windows server with someone like HostWinds (£13 a month) to run the MT4 system and their bot - means you don't have to worry about your PC closing down whilst on holiday leaving a load of open trades!!
Customer review & rating for:
Alchemist
03/28/2024Anonymously
Alchemist Comment from Alchemist:
Hello Andrew,

Thank you for taking the time to detail your journey with our algorithm and for navigating through the initial skepticism. Your thorough approach and sharing of practical advice for UK users are really appreciated. We're glad that our support team could assist you every step of the way and that you've seen promising results so far.

Best regards,
Your FXAlchemist Team
4.60 out of 5
Excellent
Recommendation
-= 80 tradingdays review! =-

Sceptical as most people i started using the trading Bot, mid november 2023. Now after 80 tradingdays => +21%

My background being a software engineer, and an amature trader/ invester, made me decide to start testing the bot, based on the available data on myfxbook. And logging all data to make a well founded decision if the bot is actually profitatble and worth the risk.

So, of we go! Website => Subscription => download => installation => login => start! Easy as can be. Rating 10/10. Fast smooth and save. I like paypal since it cant get more secured then that.

Now we got the “software” up and running. I did a decent background/ due diligence check on the broker, checked out fine, funded my account with an initial 500 euro and the first trade/ position opened after 30 min.

What the bot does, is it keeps opening small trades, according to he underlying technical analyses and strategy, and closes it a a fixed % profit, resulting in a daily average closed profit of 0,26%. Which are around 25 closed positions.
Ofcourse some positions wont be closed since the market moves in all directions, and therefor daily drawdown is inevitable. Closing profits in green isnt hard for anyone. So the biggest challenge for the bot is how to deal with the drawdown. The algorithmic trades advertises and promotes the bot based on historic data, going 7years back, with biggest drawdown -38%, but always managing to get back up.
My experience with big drawdown came in the second month, dec 2023, hitting intraday (during the day) -32%. It recovered within 2 weeks. And the average daily drawdown is sitting between 0,5 - 4% over de 80 days im using it.

During this first few weeks, i had multiple contact moments with the people from algorimtic traders. Contact through facebook, responding to certain posts, through telegram, about technical questions and installation issues.
Every contact moment was characterized my how adequate, responsive, fast and professional it was/is. Even in the moments i didnt agreed with the respons.
Communication rating 10/10!

During the first weeks i came in to contact with 2 other users, and acquired the login data for the “real life-test-account, funded with 5k. A perfect way to compare, and see the bot behavior in different settings.

I assumed the bot would do almost exactly the same for every user. In basic yes, in reality no. SImply because every user starts at a different moment, under different market conditions, and therefor opens different positions. Since there are almost 95% of the times positions opened, and the bot takes those in account when opening new positions, there will always be difference between users. I do believe over longer periodes, ie months, the difference will be almost 0.

I havent seen the advertised 7-11% yet, over the course of 4 months on 4 different user accounts. I did see a “steady” 3-5% over the last 3 months. I would say 7-11% is posible, hanging the market conditions. (after 80 tradings days im at 21% overall)

I collected all my trading data, put them in a big excel file, made some charts, and
i kept logging the daily average drawdown and closed profit, Since this is where the consistency coms from. My charts are showing the weighted average of profit: 0,26% and daily drawdown: 0,5 - 4%.

Overall:.
The fact I added funds to 45k, should speak for itself. I do believe the bot actually makes profit based on working strategy and drawdown tactics. I also believe there is still no guarantee it won't hit the build in stoploss at -40%.
I do believe its a genuine business, selling a bot and making profits on broker-affiliations.
The transparency is there. But could be improved by promoting it. Like sharing the “5k real live test account”. And a detailed explanation for myfxbook data. The owner/ creator is always correct, adequate and on point in his replies.

So 5 stars!
Customer review & rating for:
Alchemist
03/24/2024Bram Van Den E.
Alchemist Comment from Alchemist:
Hello Bram,

Thank you for taking the time to share your detailed and thorough feedback. We're glad to hear about your positive experience and the 21% return you've achieved. Your detailed testing and feedback are invaluable, and we're pleased our customer support and software met your high standards. It's encouraging to see your investment increase based on your confidence in our bot's strategy and our company's transparency. We appreciate your suggestions for further transparency and look forward to continuing to support your trading success.

Best regards,
Your FXAlchemist Team
4.80 out of 5
Excellent
Recommendation
I've been using it for 3 months on a real account.
It works well, I have had about 4-5 percent return. What I like about this expert adviser. Lot size, is small if you compare to other robots out there. The risk that you will blow up the account is less. I have had a drawdown of about 31%. But it works smart and brings it home.

You won't get rich overnight, but it's a great way to have passive income that just keeps ticking away.
Customer review & rating for:
Alchemist
12/30/2023Anonymously
Alchemist Comment from Alchemist:
Hello,

It's great to hear about your positive experience and the smart, steady returns you're seeing with our Expert Advisor. Thank you for your feedback and for choosing our system for your trading needs.

Best regards,
Your FXAlchemist Team
5.00 out of 5
Excellent
Recommendation
Been using this automated trading bot since May, and it's truly exceptional. Averaging about 6% monthly returns and their customer support is the best I've ever experienced. Couldn't be happier.

I defenitly recommend it :)
Customer review & rating for:
Alchemist
09/27/2023Joseph G.
Alchemist Comment from Alchemist:
Hello Joseph,

We really appreciate your Feedback. Happy to see you winning.

Best regards,
The FX Alchemist Team
4.20 out of 5
Good
Recommendation
For years, I've tried many ways to make money online. I've used affiliate marketing, bonus bagging, print on demand, NFTs/crypto, mechanical (rule based) trading and many more. All have failed and drained my savings by thousands of euros. I came across this AI-powered Alchemist trading software on Instagram with a trial for only a few dollars and thought "why not give this one last shot"? I was not dissapointed. I've had four months of stable profits, ranging from 3.3% return per month to 5.1% per month! I wake up every weekday to check on my profits. I'm very happy with their software and their customer service and would highly recommend using this program!
Customer review & rating for:
Alchemist
09/05/2023J.
Alchemist Comment from Alchemist:
Hello Joy,

Thank you for taking the time to write your nice review. It's great to hear that our software has brought you stable profits and satisfaction. Your positive experience reaffirms the value we aim to provide to our clients.

Best regards,
The FX Alchemist Team
5.00 out of 5
Excellent
Recommendation
Easy and simple software

Pretty good trading software. Installation was easy and the toturial videos were helpfull. Haven't had to do much since installing, now everything is automated and it does everything.
Easiest way for traders to be profitable sice the beginning.

Would recomend it.
Customer review & rating for:
Alchemist
08/26/2023D.
4.00 out of 5
Good
Recommendation
Finding this trading algorithm has been a turning point for my trading investment. First, I tested it on a demo account and switched then to a live account.

I installed it on my MT4. And I decided to use a Server as they recommend as well. It was very simple to set everything up. This cost me a few minutes more, but it's totally worth it for the hands-off approach. Now everything is automated.

They also have a kind and helpful customer support.

So, if you're thinking about using this trading algorithm, my advice is, go for it. It's user-friendly, profitable, and they have an nice support team.
Customer review & rating for:
Alchemist
07/11/2023Anonymously
Alchemist Comment from Alchemist:
We really appreciate your kind words, and we are glad to hear that you enjoy our service.
5.00 out of 5
Excellent
Recommendation
I found this trading algorithm ALCHEMIST online and it has really changed my investings. I jumped straight in, and it was worth it.

Setting up was easy thanks to clear video guides. Even better, it’s been making solid profits every day. I've been seeing great returns on my investment each month.

Their customer service is really good and friendly, replying fast to any issues.

It's easy, profitable, and backed by a great support team. I couldn't recommend it more.
Customer review & rating for:
Alchemist
07/05/2023James B.
Alchemist Comment from Alchemist:
Thank you for taking the time to provide your feedback. We really appreciate your kind words, and we are glad to hear that you enjoy our service.
5.00 out of 5
Excellent
Recommendation
Outstanding Trading Tool and Support!

I've been using FXAlchemist's software for three months now and its consistent profitability is impressive. It's like an automated profit generator working non-stop.

The setup is easy with their clear video guides, perfect for beginners. Moreover, their customer support is top-tier, always responsive and transparent.

Choosing FXAlchemist has been a game-changer in my trading journey. Highly recommended for all traders out there!
Customer review & rating for:
Alchemist
06/20/2023M.
Alchemist Comment from Alchemist:
Hello Manu,

Thanks a lot for your kind words! We're really happy to hear that our software and support team have helped make your trading easier.

It's great to know that you found our setup guides helpful and easy to use. That's what we aim for!

Your recommendation means a lot to us. We'll keep doing our best to give you the best experience.
5.00 out of 5
Excellent
Recommendation
After seeing an advertisement on insta I bought the 2 euro trial version and let that run for 2 weeks on a demo account. These 2 weeks convinced me to buy the full unlimited version and switch it on at a live trading account.

Been using the software, including the 2 weeks, for little one 2 months now and I am very pleased with it. it's generating contant profits automatically.

The guys from FXAlchemist made the best installation videos which are a super clear step by step walktrough on how to setup everything. And when you do have questions, they are very responsive!
Customer review & rating for:
Alchemist
05/11/2023F.
Alchemist Comment from Alchemist:
Hello Frank,
Thank you for the kind review!
We appreciate your feedback and are glad to hear that you had a positive experience with our software. We're happy that the trial convinced you to purchase the full version, and we're here to assist you with any questions. Generating consistent profits for you is our goal.

Thank you for recommending us.
4.80 out of 5
Excellent
Recommendation
I found this trading algorithm while searching for ways to make money online. I liked that it was open and honest. The best part was being able to test it on a demo account without using real money. So, no money wich I could lose if it is not working. Very smart.

The tutorial videos were simple and easy to understand. Even as a beginner, I learned quickly. The installation process was very simple. After five months of using this AI, I'm happy with my results, making an average of 7% per month of my investment.

I recommend this trading algorithm to anyone looking for a way to earn money online. Give it a try – it's easy and it works!
Customer review & rating for:
Alchemist
04/29/2023E.
Alchemist Comment from Alchemist:
Thank you very much. We really appreciate your Feedback.
5.00 out of 5
Excellent
Recommendation
I started with the 2€ trial version, and ended quickly buying the full version. So far it has been a great journey with the Alchemist trading bot, with great results in the past 2 months. Very easy to setup and the team is very helpful. 5* for now!
Customer review & rating for:
Alchemist
04/03/2023T.
Alchemist Comment from Alchemist:
Hello Tomé,

Thank you for taking the time to provide your feedback. I appreciate your kind words and we are delighted to hear that you enjoyed the software and found it beneficial. We wish you many more beautiful profits.

Best regards,
Your Alchemist Team
5.00 out of 5
Excellent
Recommendation
I would say that it would be your baddest decision not to buy the algorithm!

It makes profits every day and if you have any questions what so ever, the customer service is on point with responses within minutes!

100% a recommendation
Customer review & rating for:
Alchemist
03/24/2023Mathias Moreno A.
Alchemist Comment from Alchemist:
Hello Mathias.
I would like to express my sincere gratitude for taking the time to share your review with us. Your feedback is highly valued and appreciated.
5.00 out of 5
Excellent
Recommendation
15 months til I get Married with £0 saved, I stumbled among Johannes Instagram Page, I purchased the €3 3 week trial, followed the in depth and excellent tutorial which gets emailed to you almost instantly, within 10 days I’ve purchased the lifetime membership, the customer support is amazing on telegram and the AI works so well, for an extra $16 a month I got the server so it’s literally hands free. Thank you & hope this encourages another person to enhance their money like I am too.
Customer review & rating for:
Alchemist
03/04/2023Danny S.
Alchemist Comment from Alchemist:
Thank you for taking the time to provide your feedback, Danny. We really appreciate your kind words and am glad to hear that you enjoy our Trading AI and our service.
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* All reviews and experiences about Alchemist are the subjective opinions of those who compose and submit them  |  The profile owner is responsible for the contents of this page  |   Profile active since 10/26/2022  |  Last update: 04/21/2024   |  Report profile

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