Avenix Fzco’s latest: Trendonex brings AI to Forex trading
The newest Avenix Fzco forex robot is an algorithm-based trading strategy bot
The Independent was not involved in the creation of this sponsored content.
Automation is becoming more and more popular in the constantly changing world of forex trading. One new player in the global forex landscape is Trendonex, created by Avenix Fzco and compatible with the MT4 platform.
The designers of Trendonex set out to make it easier for traders to spot market patterns and put their trades into action. Streamlining these processes for users is the goal of the forex bot. With its emphasis on longer timeframes, this forex robot primarily follows the H4 chart of the most prominent currency pairs, such as the well-known XAUUSD.
Algorithmic Competence
Fundamentally, Trendonex utilizes an advanced algorithm that utilizes a variety of integrated indicators. The EA’s purpose is to examine current market circumstances and, using its programming, try to predict future trend orientations. The software is designed to do more than just identify trends; it is intended to identify the best times to enter the market in accordance with the observed movements.
Adaptable Risk Control
Avenix Fzco has included a number of risk management measures into Trendonex since they recognize that every trader has a different level of risk tolerance. For every trade that the forex robot initiates, users can take use of the integrated stop loss and take profit features. The software also has features like Trailing Stop and Breakeven, which provide traders the freedom to modify their risk tolerance as the market moves.
Personalized Trading Environment
Trendonex aims to cater to the diverse tastes of FX traders by providing customization choices. The EA can be customized by users in a number of ways, including lot sizes, to better suit their unique trading strategies and risk tolerance. A thorough list of parameters that can be adjusted and improved with the help of MT4’s integrated strategy tester is also provided by Trendonex.
Avenix Fzco suggests frequent fine-tuning of key input parameters to encourage peak performance. The company made a point to include in Trendonex historical data from the previous six months to tailor the EA’s approach to the state of the market.
The Power of Data in Decision Making
The significance of data in foreign exchange trading is highlighted by Avenix Fzco. The business claims that Trendonex bases its trade decisions on tick data provided by Thinkberry SRL’s Tick Data Suite. According to Avenix Fzco, the goal of this data-driven approach is to bolster the efficiency of the EA.
A Community-Based Method
In addition to the software, Avenix Fzco has developed a community platform for Trendonex. With this initiative, traders will be able to discuss market trends, share ideas, and ask for help in a cooperative setting. This method may help traders of all experience levels by providing access to professional viewpoints and real-time market updates.
About Avenix Fzco
The Dubai-based fintech firm Avenix Fzco creates software for foreign exchange trading. Forex robots, which the firm develops to aid in trade execution, risk management, and position size, are the automated trading solutions that it primarily offers. Avenix Fzco intends to solve the issues that currency traders deal with. Part of its approach is building a community for traders and creating new technologies. Among the several forex robots offered by Avenix Fzco is Trendonex. Forex trade enthusiasts who are curious about Trendonex can read more about it on the official website.
Investing and Crypto Investing involves risk and your investment may lose value. Past performance gives no indication of future results. These statements do not constitute and cannot replace investment advice.