Crypto Blog
Avenix Fzco, a fintech company based in Dubai, UAE, has recently unveiled Forexigo, an automated trading system designed for the forex market. ThisForexigo operates on the MetaTrader 4 platform, utilizing a 30-minute timeframe for both Gold and GBPUSD markets. The system employs a set of algorithms to analyze market conditions and execute trades based on specific criteria.
To reduce the occurrence of false signals, the system filters out certain candle formations. This approach aims to focus on specific market setups that align with its trading parameters.Forexigo’s trade execution process involves a series of checks before opening a position. The system initiates buy trades upon identifying bullish engulfing patterns, while bearish engulfing patterns trigger sell trades.
The forex robot also imposes limits on open positions. It allows a specified number of open positions for Gold trading and a different number for GBPUSD trading. Additionally, Forexigo implements global stop levels as an extra measure to protect trading capital from unexpected market fluctuations.Avenix Fzco reports that Forexigo has undergone optimization using historical tick data dating back to 2016.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Launch of Forexeko by Avenix Fzco: A New Forex Robot for MT4 PlatformCrypto Blog
Read more »
Avenix Fzco’s ForexVIM Brings Pattern Recognition to Forex TradersCrypto Blog
Read more »
Avenix Fzco Introduces FXGenix: A Forex Robot Optimized for Precision and PerformanceCrypto Blog
Read more »
ForexRova Debuts: Avenix Fzco’s Answer to Automated Forex Trading DemandCrypto Blog
Read more »
Fast start helps No. 22 BYU hold off Baylor for 5-0 startCrew Wakley pulled down an interception in the final minute as the 22nd-ranked Cougars held on for a 34-28 win over the Bears.
Read more »
I Want To Start Reading Iron Man Comics, But Where Should I Start?Robert Downey Jr as Iron Man in Avenegrs (unmasked, left) and Tony Stark from the original movie (right.)
Read more »