Avenix Fzco Debuts Forexigo as New Option in Forex Trading Software

Forexigo is a Trading Bot that targets Two Currency Pairs

Recently, the Dubai-based fintech business Avenix Fzco introduced Forexigo, a forex robot specifically made for trading GBPUSD and Gold (XAUUSD) currency pairings. This automated trading software uses the MetaTrader 4 (MT4) platform to execute transactions and analyze market patterns.

Forexigo's Principal Characteristics

Forexigo searches the market using algorithms to find possible trading opportunities. The 30-minute (M30) timeframe is used by the FX robot to trade the GBPUSD and Gold markets. As part of its trade entry strategy, it’s made to identify bullish and bearish engulfing patterns using candle pattern recognition. Oscillator confirmation checks for overbought or oversold conditions before placing trades, while exotic candle filtering aims to reduce false signals by focusing on specific setups. Price action and built-in indicators like Moving Averages are some of its other capabilities for market analysis.

Risk Control and Trade Execution

Before opening a position, Forexigo's trade execution process requires several confirmations. The forex robot is designed to purchase when it sees bullish engulfing patterns and sell when it sees bearish ones.

Forexigo takes several steps to manage risk. A stop loss is included in every trade, aimed at reducing potential losses. Every asset has a different take-profit threshold. By permitting one open order for gold and up to four open orders for GBPUSD, Avenix Fzco sought to give this forex robot a better chance at reducing market exposure. Global stop levels, which the company also embedded in this bot, are essentially there in hopes of offering an added degree of protection for investments against unforeseen market swings.

Technical Details and Efficacy

Forexigo has been fine-tuned utilizing premium tick data that dates back to 2016. The business worked with Thinkberry SRL, the company that created the Tick Data Suite, which was utilized during the optimization procedure.

The two assets that the forex robot is intended to operate with are GBPUSD (British Pound/US Dollar) and XAUUSD (Gold). The programming of Forexigo is meant to allow traders to switch between various assets in accordance with certain trading preferences or market conditions.

About Avenix Fzco

Based in Dubai, United Arab Emirates, Avenix Fzco is a fintech firm that aspires to transcend the foreign exchange industry through its production of software for FX trading. The company's number one goal is to supply automated trading bots that work with MT4. Avenix Fzco's approach is to empower the average trader by including risk management and market analysis capabilities in its FX robots. The company wants to offer bots that can adjust to shifting market circumstances and take into account new advancements in trading tech. To test the software and learn more about Forexigo, forex fans may visit the official website. 

https://forexigo.com/