Tackling Forex with GigaPips: Avenix Fzco’s latest foray into Forex automation
GigaPips, an automated trading system aimed at the Gold H1 market, has been released by Dubai-based fintech company Avenix Fzco
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Automation is becoming more and more popular in the constantly changing world of forex trading. With the launch of GigaPips, a financial technology company based in Dubai, Avenix Fzco has joined this market. Designed for connectivity with the MetaTrader 4 (MT4) platform, this forex robot keys in on trading the Gold (XAU/USD) pair on the one-hour (H1) time frame.
The Mechanics of GigaPips
Fundamentally, GigaPips uses the BreakOut technique to find possible gold market trading opportunities. With this strategy, trades are started when the market retraces and daily price ranges are identified. The method employs an analysis of candlestick patterns and a range of technical indicators, aiming to improve the precision of its trading recommendations.
GigaPips is made with an architecture for risk management. Predetermined levels for Take Profit and Stop Loss are included in every transaction that the forex robot executes. These restrictions are meant to allow for profit potential while limiting possible losses. A global stop out level is another component of the system that aims to offer an additional degree of security for user accounts.
Achieving Multiple Goals at Once
One trade at a time is not the limit for GigaPips. Up to six open orders can be managed concurrently by the FX robot. This characteristic was included to make it possible to approach the gold market in a diverse manner.
Development and Testing
Gigapips was crafted using tick data for backtesting and optimization from 2016 to the present. This procedure, which was made possible by Thinkberry SRL’s Tick Data Suite, sought to improve the robot’s performance in a range of market scenarios.
The long backtesting phase is included to potentially accomplish several goals. It enables developers to check the robot’s overall efficacy, optimize its algorithms, and evaluate the robot’s performance in various market scenarios. The goal of this methodical development process is to produce a reliable trading tool that can adjust to shifting market conditions.
Considering User Experience
The design of GigaPips is made to prioritize user accessibility. Because of its layout, traders with different degrees of experience may find it accessible.
Traders seeking to adopt systematic trading methods without the requirement for continuous manual market monitoring may find GigaPips’ automated nature appealing. This feature may be especially appealing to people who want to cut down on the amount of time that active trading usually requires.
Market Concentration
It is important to remember that GigaPips is designed especially for the H1 period gold (XAU/USD) market. The forex robot aims to key in on the distinct features and patterns of gold price fluctuations. Traders with an interest in this specific market niche could find GigaPips’ focused strategy useful.
About Avenix Fzco
Situated in Dubai, United Arab Emirates, Avenix Fzco aspires to be a leader in the fintech industry. The company’s main goal is to create forex trading software that combines user-centered design with advanced analysis. Beyond GigaPips, Avenix Fzco offers a variety of forex robots designed specifically to be integrated with the MT4 platform. Users can get a better feel for the forex robot’s features by perusing Gigapips’ official website.
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