Avenix Fzco’s ForexVIM Brings Pattern Recognition to Forex Traders

[PRESS RELEASE – Dubai, United States Emirates, October 10th, 2024]

Avenix Fzco, a fintech company based in Dubai, UAE, has introduced ForexVIM, a new forex robot designed for the MetaTrader 4 (MT4) platform. This automated trading software, developed to operate on the XAUUSD pair, combines technology with established trading strategies to assist traders in their market activities.

Stand-out Features of ForexVIM

ForexVIM incorporates several technical components aimed at enhancing trading efficiency. The forex robot utilizes price action and built-in indicators to scan the market and identify prevailing trends. It is programmed to recognize specific candlestick patterns, including doji formations, as potential entry signals for trades. Before executing trades, the software performs an oscillator check to evaluate whether the market is in an overbought or oversold condition. ForexVIM adheres to a single active order policy, maintaining only one open position in the market at any given time.

Risk Control Measures

ForexVIM includes several risk management features. The software sets precise stop loss and take profit levels for each order placed. The forex robot also includes built-in global stop levels as an additional safeguard against excessive drawdowns.

Reliable Performance

Avenix Fzco reports that ForexVIM has undergone optimization since 2016 using high-quality tick data provided by Thinkberry SRL. This process aims to refine the forex robot’s performance across various market conditions.

User Interface and Staff Support

ForexVIM is designed with user accessibility in mind. Avenix Fzco provides a comprehensive setup guide to assist users in installing the forex robot on their MT4 platform. The company states that the software is intended to be straightforward to set up and manage for both novice and experienced traders.

Avenix Fzco offers ongoing support services for ForexVIM users. The company provides regular updates to the forex robot to incorporate new features and improvements. A dedicated support team is available to assist users with questions or issues related to ForexVIM. Tools are provided to track and report on the forex robot’s effectiveness. Users also have access to educational resources such as tutorials, webinars, and guides focused on effectively utilizing ForexVIM.

About Avenix Fzco

Avenix Fzco is a Dubai-based fintech firm specializing in the development of forex trading software. The company focuses on creating automated trading solutions that incorporate market analysis, risk management, and user-friendly interfaces. Avenix Fzco’s approach involves continuous refinement of their forex robots to adapt to evolving market conditions and integrate new trading technologies. For forex enthusiasts interested in exploring automated trading solutions, more information about ForexVIM can be found on the company’s website.