Dubai Tech Firm Avenix Fzco Unveils GigaPips: A New Player in Foreign Exchange Trading

GigaPips: MT4 Autonomous Forex Trading

A new forex robot called GigaPips was just released by Dubai-based financial technology company Avenix Fzco. It is intended for use in trading on the Gold (XAU/USD) H1 period. The BreakOut technique is used by this Expert Advisor (EA) on the MetaTrader 4 (MT4) platform to help in potentially finding gold market trading chances.

GigaPips' Technical Specifications

Avenix Fzco's forex robot, GigaPips, aims to confirm trade directions using a combination of candlestick patterns and technical indicators. The EA is designed to identify daily fluctuations in the price of gold and initiate trades when the trend reverses. This strategy seeks to profit from changes in the market by matching trades to momentum.

The risk management capabilities of the forex robot include take-profit and stop-loss thresholds for every transaction. A global stop out level setting is also included with GigaPips in an effort to reduce possible losses. The EA can handle up to six open orders simultaneously, which means one may open multiple positions in the gold market.

Process of Testing and Optimization

GigaPips was created to be thoroughly optimized and backtested using historical tick data spanning from 2016 to the present. For this procedure, the business used Thinkberry SRL's Tick Data Suite. The goal of this optimization is to improve the EA's parameters and evaluate its effectiveness in different market scenarios.

The purpose of the multi-year backtesting phase is to assess how well the FX robot adjusts to various market conditions. The goal of this procedure is to optimize the trading algorithms of the EA and validate its performance.

Accessibility and User Interface (NASDAQ:TILE)

GigaPips has been engineered to work with the MT4 platform, which is a popular trading program on the forex market. Avenix Fzco created the forex robot with the hopes of it being an easy-to-use interface that is designed to accommodate traders of all skill levels.

The automatic trading aspect of the EA's design may lessen the requirement for ongoing manual market monitoring. Traders looking to build systematic trading techniques may find this automation feature appealing.

About Avenix Fzco

The financial technology company Avenix Fzco is based in Dubai, United Arab Emirates. The company focuses in developing software for forex trading, with a particular emphasis on building tools that include market analysis and risk management features. Avenix Fzco has a mission to put a strong emphasis on automated trading solutions, as evidenced by the variety of forex robots in its product lineup that are made specifically for the MT4 platform. The company also hopes to develop a community of traders by offering a forum for information exchange and reciprocal development. For additional information about the GigaPips forex robot, interested forex enthusiasts should visit the software website.

https://gigapips.com/