Avenix Fzco Rolls Out Forexeko, Targeting Both Novice and Expert Traders

The Forexeko Bot trades the Foreign Exchange Market using Price Action Analysis

Avenix Fzco, a finance tech firm based in Dubai, UAE, rolled out Forexeko, a new forex robot constructed for the MT4 system. This Expert Advisor's (EA) trading strategy on the M30 time span centers on XAUUSD. Forexeko employs a strategy that brings together embedded indicators, price action, and market analysis to potentially uncover trading opportunities.  

Strategic Review

The following are the main elements of Forexeko's strategy:

Market Analysis: The forex robot uses price action to continuously scan the market for trends. To identify possible entry positions, it examines market movements and makes use of built-in indicators like oscillators and moving averages.

Overbought/Oversold Scenarios: In an attempt to determine the most beneficial entry points, Forexeko uses an oscillator to look for overbought or oversold market situations.

Candlestick Pattern Recognition: To assess the mood of the market and possible reversals, the EA ignores unusual candles and concentrates on particular candlestick patterns. It decides whether to initiate BUY or SELL orders after completing specific confirmations based on these patterns.

Aspects of Risk Management

Forexeko has a few tools for managing risk:

1. Stop Loss and Take Profit: The forex robot places orders with preset levels for Stop Loss and Take Profit. With an aim to determine a particular risk-to-reward ratio, the Take Profit level is set higher than the Stop Loss.

2. Single Order Exposure: In order to potentially control exposure, the EA only opens one order in the market at a time.

3. Global Stop Levels: As an extra security precaution against notable market swings, Forexeko has integrated global stop levels.

Procedure for Optimization

According to Avenix Fzco, tick data from 2016 to the present was used in an optimization process for Forexeko. According to the firm, Thinkberry SRL, the company that creates the optimization tool Tick Data Suite, is the source of this data. Avenix Fzco has included this function in Forexeko with the intention of influencing low drawdown and more profit opportunities. 

Software Specs

Forexeko is meant for use with the following specifications:

Platform: MetaTrader 4 (MT4)

Currency Pair: XAUUSD

Duration: M30 Time Period

User Interface (NASDAQ:TILE)

Forexeko is made to be suitable for both novice and experienced traders due to the build of its user interface. This forex robot was created to embody simplicity and to be used with the MT4 platform. 

About Avenix Fzco

The fintech company Avenix Fzco is based in Dubai, United Arab Emirates, and specializes in creating software for FX trading. The company aims to construct bots that prioritize accuracy, risk avoidance, and clever functionality. The strategy used by Avenix Fzco includes giving its forex robots analytical and real-time market intelligence. Additionally, the company wants to promote a cooperative trade atmosphere where people may learn from one another and share ideas. To find out more about the software and its capabilities, forex enthusiasts who are interested in investigating Forexeko can visit the official website.

https://forexeko.com/