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Alchemist Summary October 2024
As a very brief summary; started well (back over a year ago), proceeded to be excellent, went downhill and then was essentially disastrous! In the current form it is not a viable EA as simply cannot handle a currency having continued strength and in October 2024 has had massive drawdowns and triggered the 40% stop-out…
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Alchemist: Open positions finally closed
The USDCAD positions have finally closed. Although with a loss which does go against what Alchemist claim. Looking at the details, it looks like it’s the swap which has added up and not been taken into account for closing the positions. However, just glad to see the massive drawdown and all the positions closed is…
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Alchemist: Significant drawdown
Some pretty big figures on drawdown. Really tests resilience and confidence in their strategy. Hopefully all the positions will be settled positively, although it’s definitely getting a lot worse than usual. It can definitely start to pray on minds, but historically positions have been resolved although it’s definitely becoming more and more frequent.