With each passing day in forex trading, the UAE’s fintech hub is becoming more and more competitive. Avenix Fzco, a Dubai-based company, has launched FXGenix. It is an Expert Advisor (EA) for MetaTrader 4 (MT4). This foreign exchange robot provides a unique way of navigating through the complex world of currency trade by making use of automation.
Strategy behind FXGenix
FXGenix is built on technical analysis tools which are sophisticatedly integrated. The forex robot makes use of a couple of indicators: these include Alligator and Fractals. These indicators are also supplemented by close examination of price behavior and candlestick patterns that together make a complete set for interpreting market trends.
FXGenix mainly picks out trend retracements in its mode of operation. Predefined stop loss (SL) and take profit (TP) levels for each position are activated once a potential trade is identified by the system. The objective here is to ensure uniformity across trades as part of this systematic strategy.
Advanced Features for Trading Enhancement
Multi-order function is one of the FXGenix’s outstanding features. This EA can handle up to six trades at once, allowing a more diversified trading approach. It makes it possible for the system to be in several market scenarios at the same time.
FXGenix is risk focused. The Trailing Stop mechanism included is there to serve another purpose, which is profit protection and loss minimization in case there are shifts in market tides. The EA, on top of that, has a unique way of handling losses that avoids dangerous recovery methods.
Special Market Target
Avenix Fzco created FXGenix specifically for the EUR/USD currency pair. The choice of this timeframe allows the software to optimize itself better to these specific nuances within the segment of the market.
The Creation Journey
Avenix Fzco sought to make sure FXGenix was on point in all aspects of its build by putting it through an extensive optimization process. Avenix Fzco used high-quality tick data from 2016 onwards in collaboration with Thinkberry SRL’s Tick Data Suite to refine performance of this EA and ensure its behavior closely resembles real market dynamics.
User-centered Design
Consideration of potential customers’ diverse backgrounds has made Avenix Fzco put in place an emphasis on accessibility when designing FXGenix. The forex robot features a user interface that is self-explanatory, hence reducing the complexity of setting parameters. This approach seeks to demystify automated trading for traders across all levels of experience.
Reliability and Performance
Although specific performance numbers have not been provided, Avenix Fzco highlights the stability in results provided by FXGenix. This expert advisor utilizes technical indicators, risk management tools and specializes in certain markets to give a well-structured and dependable means of trading foreign currencies.
Avenix Fzco at a Glance
Located at the heart of Dubai’s vibrant fintech hub, Avenix Fzco is a specialized producer of forex trading software. This tech startup has other EAs built for MT4 alongside FXGenix. The corporate culture within the firm is based on habitual improvement with a strong commitment to refining its forex bot’s in line with the changing nature of the forex market.
The fintech world continues to change and such tools as FXGenix bring new avenues for traders trying to make their way through the complicated forex market. Traders are encouraged to visit the website of FXGenix today and get information about this new forex tool.
Disclaimer
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