FXEasyBot Debuts: Avenix Fzco’s Take on Balancing Simplicity and Strategy
Dubai-based fintech company Avenix Fzco has introduced its latest brainchild into the market, known as the FXEasyBot. It is an automated trading bot designed to work on the well-known MetaTrader 4 terminal.
Unraveling the Trading Approach of FXEasyBot
FXEasyBot is a sophisticated channel-based trading strategy that is built with Bollinger Bands to create a dynamic price range, forming the core of its decision-making process.
In the event that currency prices break through the boundaries of this predetermined channel, the robot becomes operational. FXEasyBot addresses this in two ways: instantly opening a market order in the direction of a breakout and simultaneously placing a pending order at the other edge of the channel. In this way, it acts to both capture immediate price movements and prepare for potential market reversals.
Embedded Risk Management Features
FXEasyBot includes some inbuilt security features to help customers protect their capital. Every trade opened by the forex robot is set with predefined Stop Loss and Take Profit levels. The predefined exit levels are meant to prevent further losses and lock in gains at certain price points.
FXEasyBot is conservative about some trading methodologies. Its operational framework avoids high-risk strategies such as hedging, scalping, and grid trading.
Catering to Diverse Trading Community
FXEasyBot was designed to be friendly to traders with different experience levels and sizes of capital. The minimum lot size is 0.01, while the minimum deposit requirement is $1,000; thus, FXEasyBot aims to offer one of the relatively lowest barriers to entry for clients who want to try their hand at automated forex trading.
Data-Driven Development Process
The creators behind the FXEasyBot trading system claim that the key to this robot lies in broad-based data analysis. Avenix Fzco claims FXEasyBot has utilized high-quality, real tick data from 2016 up to the present. This wide-ranging dataset, rendered through Tick Data Suite from Thinkberry SRL, is reportedly responsible for fine-tuning the performance of FXEasyBot through an extremely wide range of market conditions.
Risk-Free Testing
Avenix Fzco values practical exposure, and thus, they offer prospective users a risk-free way of reviewing FXEasyBot. A free demo, commonly referred to as the backtester version, is made available to traders in order to test the robot’s performance in their own trading setups prior to buying it.
About Avenix Fzco
Avenix Fzco is a UAE-based fintech company headquartered in the financial hub of Dubai, and offers forex trading solutions for aspiring and well-tenured forex traders. The firm’s product line includes a number of automated trading systems for the MetaTrader 4 platform. The company strongly believes in improving its bots by regularly upgrading their software to keep up with market trends, incorporating emerging trading technologies. Avenix Fzco’s vision extends beyond product development toward nurturing a collaborative trading community where users can share ideas and hone their skills. The company emphasizes customer support, actively explaining forex trading nuances to its clients. Those traders who would like to familiarize themselves with the work of FXEasyBot can get more detailed information and test this robot on the Avenix Fzco website.
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