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Kriptoteka > Market > AI > Avenix Fzco Launches Forexigo: AI Forex Trading Bot in Dubai
AI

Avenix Fzco Launches Forexigo: AI Forex Trading Bot in Dubai

marcel.mihalic@gmail.com
Last updated: October 23, 2024 1:13 pm
By marcel.mihalic@gmail.com 4 Min Read
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Contents
Technical FeaturesTrade Execution and Risk ManagementOptimization and DevelopmentUser Support and DocumentationMarket ContextAbout Avenix Fzco

[PRESS RELEASE – Dubai, United Arab Emirates, October 23rd, 2024]

Avenix Fzco, a fintech enterprise headquartered in Dubai, UAE, has recently launched Forexigo, an automated trading solution tailored for the forex sector. This forex robot primarily focuses on trading Gold (XAUUSD) alongside the British Pound/US Dollar (GBPUSD) currency pair.

Technical Features

Forexigo operates on the MetaTrader 4 (MT4) platform, utilizing a 30-minute (M30) timeframe for both Gold and GBPUSD markets. The system leverages a set of algorithms to scrutinize market conditions and perform trades based on predetermined criteria.

The forex robot’s market analysis capabilities encompass trend recognition through price action and moving averages. It also integrates oscillator checks to evaluate market dynamics before executing trades. Forexigo acknowledges bullish and bearish engulfing candlestick formations as part of its entry strategy.

To minimize the chances of false signals, the system eliminates certain candle patterns. This strategy aims to concentrate on particular market setups that conform to its trading standards.

Trade Execution and Risk Management

The trade execution method of Forexigo includes a series of validations prior to opening a position. The system initiates buy trades upon detecting bullish engulfing patterns, while bearish engulfing formations trigger sell orders.

Risk management features are embedded within Forexigo’s framework. Each transaction is automatically assigned a stop loss to curtail potential losses. The take profit levels vary between assets, with Gold trades applying a higher ratio than those for GBPUSD.

The forex robot also enforces restrictions on open positions. It permits a specified number of concurrent positions for Gold trading and a separate allowance for GBPUSD trading. Furthermore, Forexigo deploys global stop levels as an additional safeguard to protect trading capital from unforeseen market shifts.

Optimization and Development

Avenix Fzco informs that Forexigo has been fine-tuned utilizing historical tick data from as far back as 2016. The company partnered with Thinkberry SRL, which provided the Tick Data Suite employed in the optimization procedure.

The programming of the forex robot enables users to toggle between trading Gold and GBPUSD. This capability facilitates adaptation to diverse market scenarios or alignment with individual trading inclinations.

User Support and Documentation

As per Avenix Fzco, Forexigo is accompanied by documentation designed to help users comprehend and apply the forex robot effectively. The company assures that customer support is available to resolve questions and issues pertaining to the software.

Market Context

Forexigo makes its entrance into a market where various algorithmic trading options are available. Its emphasis on Gold and GBPUSD trading constitutes a distinctive approach within the broader spectrum of automated forex trading software.

About Avenix Fzco

Avenix Fzco is a fintech company located in Dubai, UAE, specializing in the creation of forex trading software. The firm focuses on developing automated trading solutions compatible with the MetaTrader 4 platform. Avenix Fzco’s strategy involves integrating market analysis capabilities alongside risk management features into their forex robots. The company seeks to provide tools that adapt to evolving market conditions and reflect recent advancements in trading technology. Forex enthusiasts looking to explore automated trading solutions can visit the Avenix Fzco website to discover more about Forexigo and test the software firsthand.

https://forexigo.com/

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