Embodiments disclosed herein relate to production of amorphous alloys having compositions of iron, chromium, molybdenum, carbon and boron for usage in additive manufacturing, such as in layer-by-layer deposition to produce multi-functional parts. Such parts demonstrate ultra-high strength without sacrificing toughness and also maintain the amorphous structure of the materials during and after manufacturing processes. An Amorphous alloy composition has a formula Fe100-(a+b+c+d)CraMobCcBd, wherein a, b, c and d represent an atomic percentage, wherein: a is in the range of 10 at. % to 35 at. %; b is in the range of 10 at. % to 20 at. %; c is in the range of 2 at. % to 5 at. %; and d is in the range of 0.5% at. % to 3.5 at. %.