The forex market has been, and is, a pretty volatile market, moving 24/7. This has created a market need for more automated trading solutions. The latest to join the bandwagon in this sphere is FXSentry, a brand-new forex robot. It is the brainchild of Dubai-based Avenix Fzco and works on the MetaTrader 4 (MT4) platform. FXSentry intends to provide traders with an automated platform for forex trading. It leverages technical analysis with necessary features that manage risks.
The core of what FXSentry does is centered around analysis. This forex robot makes use of a wide array of technical indicators in determining market conditions, including Moving Averages, Momentum indicators, MACD, and Fractal analysis. By itself, these will not work. Instead, FXSentry couples them with price action analysis and pattern recognition algorithms. In this way, the forex robot is capable of identifying trading opportunities by synthesizing several data points.
Avenix Fzco knows that Forex Trading comes hand in glove with risks. Thus, the company has implemented protective measures in the crypto trading bots. Because of its high risks, the FXSentry robot doesn’t employ GRID and Hedge. It is developed to trade conservatively. It automatically sets Stop Loss and Take Profit levels. All these kinds of features protect the traders’ capital and optimize profit possibilities.
The development of FXSentry involved a very long optimization process with historical tick data starting from 2016 forward. Regarding this important process, Avenix Fzco cooperated with Thinkberry SRL and utilized their tool known as the Tick Data Suite. Importantly, optimization of FXSentry is not something that happened but is rather an ongoing process because every day and night, new adjustments are made in order to adapt to current market conditions.
Avenix Fzco has tried to make FXSentry as user-friendly as possible, and the interface is as intuitive and as straightforward as possible. Besides the functionality of this Expert Advisor, customer support offered by Avenix Fzco is more than happy to guide a user through an initial setup process, strategy optimization suggestions, and other questions relating to functionality.
Avenix Fzco has a demo for those traders who would like to assess the performance of FXSentry before buying. With this trial available, one will be able to run the forex robot in a virtual environment with the MT4 Backtester.
Avenix Fzco is a fintech company located in Dubai of United Arab Emirates dealing with automated forex trading solutions. By working on professional tool development for the MetaTrader 4 terminal, the company merges technological innovation with great insight into financial markets. Avenix Fzco provided a community where traders are allowed to discuss their findings and experiences among themselves, complementing its professional customer support. It continues to keep pace with changing forex sentiments and involves itself in continuous improvement of its suite of offerings, including FXSentry. Interested parties looking into the capabilities of FXSentry should navigate to the demo version via the official website.
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