ForexRova
ForexRova is a forex automation robot and Expert Advisor (EA) created by Avenix Fzco, a financial technology firm headquartered in Dubai, United Arab Emirates. The software is intended to trade the XAUUSD pair over the M30 timeframe.
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About Avenix Fzco
Based in Dubai, United Arab Emirates, Avenix Fzco is a financial technology company. The company has a reputation for creating cutting-edge trading software with an emphasis on accuracy, risk control, and useful features for traders. To improve the trading experience for traders concentrating on the XAUUSD pair and the H1 timeframe, Avenix Fzco has launched a number of cutting-edge trading tools, such as ForexRova, Pivozon, Pivlex, Botogon, and others.
ForexRova Technical Specifications
ForexRova uses a comprehensive strategy to trade in the XAUUSD market. This forex robot combines several technical analysis strategies to produce precise trading signals.
Market Scanning
- Trend Identification: Tracks the momentum of the market using both price action and built-in indicators.
- Overbought/Oversold Check: Determines market conditions and steers clear of trades against strong trends by using oscillator analysis.
- Bears and Bulls Power: Evaluates market strength to indicate orders to buy or sell based on dominance.
Order Execution
- Entry Confirmation: Executes orders promptly after obtaining the required confirmations.
- Risk Management: Sets the take-profit at twice the stop-loss and implements a stop-loss and take-profit for every trade.
- Single-Order Policy: Only one open order is kept at a time in order to reduce risk.
Security Measures
- Global Stop Levels: Includes integrated global stop levels to prevent large drawdowns and guarantee account safety.
Advanced Optimization
- High-quality tick data from Thinkberry SRL's Tick Data Suite, which includes data from 2016 to the present, was used to optimize ForexRova. Even with a modest $1000 deposit, this optimization guarantees precise settings with a minimal drawdown and annual profits of nearly 100%.
Consistent Profitability
- ForexRova consistently produces profitable trades by combining accurate market analysis with strong risk management. A high win rate and a favorable risk-reward ratio are guaranteed by the EA's strategy.
Why Choose ForexRova?
ForexRova offers several key features and capabilities that make it an attractive choice for forex traders looking to automate their trading on the XAUUSD currency pair:
1. Advanced Market Analysis Algorithm
ForexRova utilizes a sophisticated analysis algorithm that combines multiple technical indicators and strategies. It incorporates price action analysis along with oscillator readings and trend identification indicators to pinpoint precise entry and exit points for trades.
2. Optimal Risk-Reward Ratio
The expert advisor is programmed with a favorable risk-reward ratio setting of 1:2 for its trades. This means the take profit target is set at twice the distance of the stop loss from entry. With this ratio, ForexRova's winning trades will be significantly more profitable than the losses from stopped out trades.
3. Single Trade Risk Management
ForexRova follows a single trade management approach where it will only have one open position at any given time across all pairs and timeframes. This policy limits the expert advisor's exposure and prevents overlapping or compounding losing positions.
4. Built-In Account Safety Mechanisms
As an added security measure, ForexRova has built-in global stop loss levels that will automatically close all open positions once reached to prevent further losses from estate accounts. This safeguard gives traders peace of mind.
Getting Started
Traders interested in using the ForexRova expert advisor for automated XAUUSD trading can purchase and download the software from the company's website.
