Discover Forexigo, a powerful trading robot on MT4 for Gold and GBPUSD, featuring advanced market analysis and risk management - IcoHolder.
Avenix Fzco has announced the launch of Forexigo, a cutting-edge forex trading robot designed for the MetaTrader 4 (MT4) platform. This innovative software aims to provide traders with enhanced market analysis capabilities and automated trade execution, focusing specifically on the Gold and GBPUSD markets.
Technical Features
Forexigo operates on a 30-minute (M30) timeframe, employing advanced algorithms to analyze market conditions and execute trades based on predetermined criteria. The robot’s analytical tools include trend identification through price action and moving averages, along with oscillator checks to evaluate market conditions before executing trades. A key component of Forexigo’s strategy is its recognition of bullish and bearish engulfing candlestick patterns, which dictate the entry points for trades.
To mitigate the impact of false signals, Forexigo utilizes a filtering process that focuses on specific market setups aligned with its trading parameters. This strategic approach aims to enhance the accuracy and effectiveness of trades.
Trade Execution and Risk Management
Forexigo’s trade execution process is thorough, involving multiple checks prior to opening a position. The robot initiates buy trades upon detecting bullish engulfing patterns and sells when bearish engulfing patterns are identified. Integral to its design are robust risk management features, including automatically assigned stop losses to cap potential losses. Notably, take profit levels vary between assets, with Gold trades utilizing a higher ratio compared to GBPUSD trades.
Additionally, Forexigo limits the number of open positions for each asset, ensuring a structured trading approach. The implementation of global stop levels further safeguards trading capital from unforeseen market volatility.
Optimization and Development
Avenix Fzco highlights that Forexigo has undergone extensive optimization using historical tick data dating back to 2016. This optimization process was facilitated by Thinkberry SRL, which provided the Tick Data Suite. The robot's programming allows users to seamlessly switch between trading Gold and GBPUSD, accommodating various market conditions and individual trading preferences.
User Support and Documentation
To enhance user experience, Forexigo is accompanied by comprehensive documentation that guides users in understanding and implementing the software. Avenix Fzco also offers dedicated customer support to assist users with inquiries or issues related to the forex robot.
Market Context
Entering a competitive landscape of algorithmic trading solutions, Forexigo’s targeted focus on Gold and GBPUSD positions it as a specialized tool within the broader automated forex trading software market.
About Avenix Fzco
Based in Dubai, UAE, Avenix Fzco is a fintech firm dedicated to developing innovative forex trading software. The company emphasizes automated trading solutions that are compatible with the MetaTrader 4 platform, integrating advanced market analysis and risk management features to adapt to evolving market conditions. Forex enthusiasts seeking automated trading solutions can explore Forexigo by visiting the Avenix Fzco website to learn more and test the software.
