The post FXGenix: Avenix Fzco’s Entry into Automated Forex Trading appeared first on Coinpedia Fintech News
In the dynamic world of forex trading, a new player has emerged from Dubai’s fintech scene. Avenix Fzco, a UAE-based company, has introduced FXGenix, an Expert Advisor (EA) designed for the MetaTrader 4 (MT4) platform. This forex robot aims to bring a fresh approach to automated trading, focusing on trend retracements in the currency markets.
The Technology behind FXGenix
At its core, FXGenix utilizes a combination of technical indicators to analyze market conditions. The Alligator indicator and Fractals play key roles in its decision-making process, alongside price action analysis and candlestick pattern recognition. This multi-faceted approach is designed to identify potential trading opportunities.
The EA operates by setting predetermined Stop Loss (SL) and Take Profit (TP) levels for each trade it initiates. This systematic method aims to provide a structured approach to trade management. Additionally, FXGenix incorporates a Trailing Stop mechanism, which adjusts the stop loss as the market moves in favour of the trade.
One of the standout features of FXGenix is its ability to manage up to six orders simultaneously. This functionality allows the forex robot to potentially capitalize on multiple market scenarios concurrently, offering a diversified trading approach.
Specialized Focus and Optimization
Avenix Fzco has tailored FXGenix specifically for trading the EUR/USD currency pair on the 15-minute (M15) timeframe. This specialization allows the EA to be finely tuned to the particular characteristics of this popular forex pair and timeframe combination.
The development process of FXGenix involved optimization using historical tick data dating back to 2016. Avenix Fzco collaborated with Thinkberry SRL, utilizing their Tick Data Suite to refine the EA’s performance. This approach aims to ensure that FXGenix’s behaviour closely mirrors real-world market conditions.
User Experience and Accessibility
Recognizing the diverse backgrounds of forex traders, Avenix Fzco has designed FXGenix with user-friendliness in mind. The Forex robot boasts a straightforward interface, aiming to minimize the need for complex parameter adjustments. This design philosophy seeks to make automated trading more accessible to traders of varying experience levels.
Processes for Risk Control
FXGenix incorporates risk management features into its trading strategy. The Forex robot utilizes a Trailing Stop mechanism, which is designed to lock in profits and potentially reduce risks as market conditions change. Additionally, FXGenix employs a unique approach to recover from losses that doesn’t rely on high-risk strategies often seen in the market. The combination of fixed Stop Loss and Take Profit levels for individual trades, along with these risk management features, aims to provide a structured approach to managing potential downsides in forex trading.
About Avenix Fzco
Headquartered in Dubai, Avenix Fzco is carving out its niche in the competitive fintech landscape. The company’s focus on forex trading software development has led to the creation of several EAs for the MT4 platform. Avenix Fzco emphasizes the importance of continuous improvement, regularly updating its products to adapt to evolving market dynamics.
Beyond software development, Avenix Fzco aims to foster a community of traders. The company provides resources for collaborative learning and knowledge sharing, recognizing the value of collective experience in the forex market. Anyone interested in learning more about FXGenix and maybe even testing it out for themselves can do so by visiting the website of this FX bot. https://fxgenix.com/
