Avenix Fzco debuts Pivozon, an indicator-based Forex trading robot
Avenix Fzco’s new Pivozon forex bot targets the EUR/USD pair on the D1 timeframe
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Pivozon, an automated trading system tailored to the foreign exchange market, was recently unveiled by Avenix Fzco, a Dubai-based financial technology firm. The EUR/USD pair is the particular currency pair that this forex robot trades on the daily (D1) timeframe.
Market Analysis via a Technical Lens
When analyzing the market, Pivozon uses a number of technical indicators. Combining several analytical approaches, the system seeks prospective trend reversals and trading opportunities. The core of the data-driven trading approach of the forex robot is technical indicators. Pivozon aims to produce trading signals according to specified parameters by running market data through its algorithms.
Procedures for Managing Risks
The design of Pivozon includes many risk management features implemented by Avenix Fzco. Lot size, take profit, and stop loss levels are user-defined parameters that the system makes use of to function. The objective of this standardized procedure for trade execution is to maintain consistent risk levels throughout all transactions.
Two of Pivozon’s most significant risk management features are:
1. Trailing Stop Mechanism: This feature was included to potentially help users limit their losses and preserve their winnings by adjusting the stop loss level when the market advances in their favor.
2. BreakEven Function: This feature aims to protect the initial investment by moving the stop loss to the entry point once a transaction hits a defined profit threshold.
The operational framework of Pivozon places a focus on capital preservation, which is reflected in these risk management methods.
Supporting Data Quality and Performance
In its operations and testing methods, Avenix Fzco asserts that they employ tick data from Thinkberry SRL’s Tick Data Suite. According to the company, its data and analytical methodologies are integrated into their larger strategy for Pivozon’s development.
The Ability to Trade Automatically
Without human intervention, Pivozon’s pre-programmed algorithms aim to carry out trades on auto-pilot. Given that the foreign exchange market operates around the clock, this automation was include to enable constant market monitoring and the possibility of trade execution at any moment.
User Interface Design Considerations
According to Avenix Fzco, the development of Pivozon was centered on the user experience. The business asserts that they took into account users’ varying degrees of expertise while designing the interface. An approach to design that potentially simplifies the creation and management of automated trading strategies is the goal of Avenix Fzco.
About Avenix Fzco
Avenix Fzco is a Dubai, United Arab Emirates-based financial technology company. Making automated trading systems that use technical analysis and risk management tools are the company’s main focus. Pivozon is the result of Avenix Fzco’s continuous work in the field of automated trading software. Visit the Pivozon website to learn more about the product and how it automates FX trading.
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