Trend Identification Meets Automation: Avenix Fzco Presents ForexVIM

Forex trading is the norm for many people around the world, and financial tech companies are producing technology to make the trading process less of a hassle. From Dubai, Avenix Fzco has risen to the occasion with its presentation of ForexVIM, an MT4 integrated forex robot that merges technical analysis and risk control functions to promote more effective gold (XAUUSD) trading.

Learning the Market

Forex bots are built to analyze the market, and ForexVIM aims to do this in various ways. It uses two methods, price action analysis and built-in indicators, to thoroughly learn the market and look for market trends that may be beneficial. With any forex trading, it’s important to know if the market is in an overbought or oversold status. Thus, ForexVIM was created with an oscillator check function, which helps the bot determine which status the market is in and hopefully avoid bad entry points.

To add to its unique analysis methods, Avenix Fzco made ForexVIM with the ability to discern candlestick patterns. The ForexVIM bot is designed to study doji candles and other candle patterns that oftentimes are in tandem with market reversals. The ultimate resolution that this function seeks is to find the most beneficial entry points.

Risk Control in Artificial Intelligence

Protecting the investor is of utmost importance in any kind of industry dealing with money, which is why ForexVIM has implemented risk control into its build. With this bot, trades are shielded by two functions: Stop Loss and Take Profit levels. To add, ForexVIM has a particular policy in place that permits only one trading transaction at a time, with the aim of lessening the negative impact in the case of a volatile market. Drawdowns are another issue that many traders face in the market, which is why Avenix Fzco gave ForexVIM global stop loss functions to potentially reduce the amount of drawdowns.

Market-Trained Performance

Thinkberry SRL produces tick data that helps software learn about data. Tick Data Suite, created by Thinkberry SRL, is what ForexVIM uses to gather data dating back as far as 2016. This suite helps ForexVIM imitate market conditions, which aims to improve the overall trading experience and give traders the best possible chance at success.

An Interface Built for All

ForexVIM was built with simplicity in mind in order to be attractive to every type of trader, whether they are new to trading or tenured. New users to ForexVIM don’t have to worry about a complicated setup because Avenix Fzco is providing a set-up guide for installing the bot. Traders can look forward to constant software updates from ForexVIM that keep it up to date with market conditions. Additionally, users won’t be left to fend on their own due to the customer support that is available at any time of the day.

About Avenix Fzco

Avenix Fzco is one of the newest influencers of forex tech innovation, constantly producing forex bots to help transcend the state of the foreign exchange market. ForexVIM is its latest addition to the industry, adding to a large lineup of AI bots meant to promote accuracy in forex trading execution. Forex traders that hope to simplify their trading processes and try a bot that aims to improve their success rate can visit the ForexVIM website.

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