Day: November 6, 2024

A venix Fzco, a fintech company based in Dubai, has launched FXDyno, an AI-powered forex trading robot designed to integrate with the MetaTrader 4 platform. FXDyno primarily focuses on the gold market, using a wave-based strategy and the M15 timeframe to identify potential market opportunities, making it an ideal tool for forex trade investment. Wave-Based Strategy and Risk Management Features At the core of FXDyno’s approach is its wave-based trading strategy, which combines multiple technical indicators such as Momentum Indicators, Fractal Analysis, Moving Averages (MA), and the Relative Strength Index (RSI). The robot triggers trades when these indicators align according to preset conditions, enabling automated decision-making that can help maximize returns in the dynamic forex market. To minimise risk, FXDyno includes several protective features, including a limit on the number of open positions (no more than six at any time) and predefined Take Profit and Stop Loss levels. Additional safeguards include filters for spread and slippage, a global stop loss based on percentage drawdown, and trailing stops, all designed to protect users from market volatility, as reflected in the latest forex news. Auto-Lot Function and User-Friendly Interface FXDyno’s user-friendly interface makes it accessible to traders of all experience levels. A standout feature is the Auto-Lot function, which automatically adjusts position sizes based on changes in the account balance, optimizing returns without requiring manual adjustments from the trader. This feature is especially beneficial for those who use a forex trade calculator to estimate potential profits and losses in real-time.     Data Sources and Backtesting FXDyno’s trading algorithms are powered by historical data spanning from 2016 to the present, enabling the robot to adapt to a wide range of market conditions. It uses tick data from Dukascopy, supplied by the Tick Data Suite from Thinkberry SRL, to make informed trading decisions. This extensive dataset is essential for optimizing the system’s performance based on both historical trends and current forex news. System Requirements and Trading Strategy FXDyno is specifically designed for the MetaTrader 4 platform and requires an initial deposit of $10,000. This requirement is important for prospective users considering an investment in the system. Unlike some other robots, FXDyno does not rely on high-risk strategies such as grid trading, hedging, or scalping. Instead, it adopts a methodical and calculated approach to market participation, focusing on sustainable forex trade investment strategies over the long term. Support and Availability Avenix Fzco offers a demo version of FXDyno, which can be tested using the MT4 Strategy Tester. This allows potential users to evaluate the robot’s features and performance before making an investment. The company also provides comprehensive 24/7 customer support to address technical issues or queries related to trading, ensuring that users have the assistance they need to navigate the complexities of the forex market.