United Arab Emirates, 7th Oct 2024 - ForexIGO, a leading developer of automated trading technologies, has announced the official release of ForexIGO EA -An expert advisor created to help you trade XAUUSD (Gold) as well as GBPUSD currencies using precision and congruity.
"We are thrilled to launch ForexIGO, which leverages institutional-grade technology to simplify trading," said the chief executive officer of ForexIGO. "Our team has engineered an outstanding solution for effortless execution across two high-potential assets."
Comprehensive Analysis for Market Insights
According to ForexIGO their expert advisor conducts thorough market analysis of GBPUSD and gold, using their sophisticated algorithmic models and algorithms. This includes assessing price movement as well as trends, volatility sentiment, and momentum to get important insights into market conditions.
"A key advantage we offer is accurately evaluating the markets in real-time before executing any trades," explained the Marketing Director. "This helps pinpoint high-probability setups and avoid unnecessary risk."
Dual Optimization for Maximum Flexibility
The ForexIGO team emphasizes that their EA is designed to be optimized in the two instruments XAUUSD and GBPUSD with asset-specific data. The specific settings are customized to the specific characteristics of each instrument and allow seamless switching between the two pairs based on changing markets and opportunities.
"Being able to alternate between two optimized pairs is hugely beneficial for traders needing adaptable strategies," said the CEO. "It provides flexibility to capitalize on varying market conditions."
Candlestick Pattern Recognition for Confirmation
ForexIGO includes candlestick pattern recognition as a confirmation trade tool to confirm possible trades. The requirement of additional signals such as the formation of dojis or candles that engulf them improves the accuracy of the placement of orders and timing. This helps reduce premature entry risk.
Balanced Risk Management Across Assets
As per the firm, ForexIGO utilizes strategic risk strategies that are specific to each trading instrument based on the results of previous testing. This includes a symmetrical 1:1 stop loss/take profit ratio for GBPUSD as well as more prudent 1:1.5 ratios for XAUUSD's volatile positions. "Our risk models are specially configured to account for each asset's unique volatility profile," said our Marketing Director. "This allows balanced exposure across both pairs."
Trading Limits to Control Exposure
ForexIGO enforces internal limits on open trade positions and orders to optimize exposure. This includes a 1 trade cap for gold positions and a 4 trade cap for GBPUSD based on backtested risk assessments. The controlled approach contains risk while allowing sufficient market access.
Relentless Pursuit of Innovation Through Cutting-Edge R&D
Moving forward, ForexIGO plans to continue pushing the envelope of automated trading technology through tireless research, development, and innovation. Their expert in-house team comprising seasoned traders, data scientists, and software engineers will leverage the latest advancements in machine learning, predictive analytics, and optimization modeling to unlock new performance milestones.
ForexIGO aims to expand automation possibilities through the seamless fusion of AI technologies like deep reinforcement learning and evolutionary computation with stochastic calculus for modeling complex financial systems dynamics. The company's unrelenting focus on trailblazing R&D ensures its trading tools maintain a sustainable competitive advantage to maximize client profitability today and into the future. ForexIGO refuses to stand still and is committed to groundbreaking developments that widen possibilities for traders globally.
About ForexIGO
Founded in 2014, ForexIGO specializes in developing automated trading solutions for MT4 and MT5. Their team utilizes decades of combined trading experience, quantitative analysis, and programming expertise to create sophisticated EAs. ForexIGO is committed to pioneering cutting-edge trading tools to empower investors.
Media Contact
Organization: ForexIGO
Contact Person: Dso-ifza A2 101, Dubai
Website: https://forexigo.com/
Email: Send Email
Country:United Arab Emirates
Release id:18029
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