In the dynamic world of automated forex trading, technological solutions continue to evolve, addressing the need for systematic approach to currency markets. Avenix Fzco, a Dubai-based technology firm, has developed FXiBot, a forex robot designed to analyze and execute trades on the GBPUSD currency pair. This automated system represents the culmination of extensive development and testing processes, incorporating multiple technical components for market analysis and trade execution. The system’s development includes comprehensive testing from 2016 to present, ensuring adaptability across various market conditions.
System Specifications and Risk Control
The forex robot operates on the MT4 platform, utilizing quality tick data sourced from DukasCopy through Tick Data Suite to process market information. Operating exclusively on the GBPUSD pair with M30 timeframe analysis, the system requires an initial capital of 10,000 USD. Avenix Fzco has implemented comprehensive risk management features within FXiBot’s architecture, including a fixed Take Profit and Stop Loss mechanism where Take Profit values are set at …