Dubai, UAE - ForexEko, Oct 06, 2024, An established fintech firm and leader in automated trading, has announced the official launch of ForexEko EA. This advanced Expert Advisor is designed exclusively for MetaTrader 4 and optimized for trading XAUUSD on the M30 timeframe.
"We could not be more excited to introduce ForexEko EA, which is engineered to maximize XAUUSD profits while minimizing capital risk through institutional-grade algorithms," said the CEO of ForexEko. "Our development team has created an outstanding hands-free trading tool for MT4."
According to ForexEko, their Expert Advisor conducts comprehensive market analysis by combining price action, built-in indicators, or candlesticks. This multi-layered approach seeks to analyze market conditions from a variety of angles and determine trends as well as volatility, momentum and the general mood.
"A key advantage we offer traders is accurately assessing the prevailing market direction before executing any trades," explained the head of marketing. "This helps ensure we capitalize only on high-probability setups backed by harmonized signals."
The ForexEko team stresses that advanced risk management is the core of their strategic approach to designing their EA. They use the pre-defined stop-loss orders and take profit orders and a variety of tiers in global limit-out levels to reduce capital exposure on each trade.
"By mandating exit points for every single trade, including stop losses and take profits, we aim to create a robust buffer against excessive losses," said the CEO. "This lets traders stay in control of their investment capital."
ForexEko's ForexEko trading strategy was redesigned and back-tested with over seven decades of data on ticks, in collaboration with Thinkberry which is a well-known provider of market data that is high-quality. This extensive optimization allows for strict performance testing on an array of different market conditions, at intervals of one minute.
"Our use of institutional-grade data helps remove the guesswork when configuring settings, strategies, and exit points," stated the Marketing Director. "Traders can feel confident in our optimization process and reliability."
In contrast to EAs that are rigid, ForexEko EA allows clients to modify key parameters according to their individual risk strategies and preferences. It is possible to alter the parameters of aspects like stop loss pips and take profits pips, martingale toggle as well as position sizing, and many more, to suit their personal preferences.
In addition to stopping losses and taking profits, ForexEko EA contains multiple security layers including equity stop-outs, maximum position size caps, and maximum order thresholds. These safeguards help protect accounts from black swan events outside normal risk protocols.
"Security is paramount in our development process, so we take a fail-safe approach at multiple levels," said the CEO. "This helps clients stay protected."
Moving forward, ForexEko plans to keep perfecting its automated trading algorithms through state-of-the-art research and development. Their team of quants is focused on implementing machine learning and AI to further expand profitability and risk protection for users.
"We are committed to continuous improvement so our technology stays ahead of the market," stated the Marketing Head. “Our users deserve the best-in-class capabilities.”
Founded by a team of experienced traders, quants, and software engineers, ForexEko specializes in developing advanced algorithmic trading solutions for MetaTrader platforms.
Their team leverages decades of combined experience in financial markets, cutting-edge programming, and sophisticated risk management modeling to create institutional-grade Expert Advisors.
ForexEko's suite of EAs is engineered to simplify forex trading through hands-free automation while maximizing profitability and minimizing trader risk. Their technology aims to level the playing field for retail participants. With a customer-focused approach, ForexEko is committed to continuous research, development, and product enhancements. The company strives to equip traders with reliable, adaptive trading tools needed to unlock sustained success.
Organization: ForexEko
Contact Person: ForexEko
Website: https://forexeko.com/
Email: Send Email
Address:Dso-ifza A2 101, Dubai
Country:United Arab Emirates
Release id:17993
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