Management of capital and emotions are two important factors that are top priority of a trader, but not each trader can do it well. It is a long journey of accumulating the knowledge, and it depends on how you take advantage of trading tools.
Nowadays, the process has been shortened pretty much with FXCE Giga which helps you automate your trading system. So the question is what FXCE Giga is. Is it an effective solution for all traders? Let’s find out the answer by this post.
What is FXCE Giga?
Many users have wondered what FXCE Giga is when joining our ecosystem. FXCE Giga is a platform where anyone can configure EA without programming knowledge required. Especially, this is a free tool that you can unlimitedly create as many EAs as you want.
The EA Developer Team puts a lot of effort into developing FXCE Giga into a simple, user-friendly and convenient EA configuration system for all users. Moreover, this tool runs on the MT5 platform so it takes advantage of the optimal technologies from Metaquote.
This is absolutely a place for those who want to create an EAs for trading activity. As you know, we cannot change the situation or the market price in any way. Once you understand what FXCE Giga is, you can master any situation that comes up.
Benefits of FXCE Giga
After defining what FXCE Giga is, let’s take a look at some of the benefits that this tool brings to traders.
EA configural solution for those who don't know how to code
In common, creating an EA trading system takes a lot of time and effort from learning to code to the backtesting process. However, you can wrap this process up with FXCE Giga. As long as you understand what FXCE Giga is, you can create your own EA by just a few easy clicks.
The EA team of FXCE has worked their best to improve FXCE Giga to the better version everyday so everyone can do their EA in the easiest way. Just by knowing what FXCE Giga is and its mechanism, no matter if you are an expert programmer or someone who doesn't know how to code, you can access and develop your EA. From here, you will save a lot of time for other things.
Good control of trading psychology
With FXCE Giga, you can create your own automated trading system with previously set conditions. When everything is kept in line, you will not fall into the situation of having to make decisions based on emotion or momentary thought. This is a common problem for many inexperienced newbies.
In other words, EA is an effective method for you to avoid FOMO. Through finding out what FXCE Giga is and its working principles, you will see that it follows a very strict set of rules so that you don’t have to worry about emotion anymore. Your task is designing the EA configuration that suits your trading strategies. Furthermore, you can also add an unlimited number of EAs into MT5.
Efficient capital management
Capital management is one of the factors that determine the trading success of traders and investors. Choosing a suitable method in capital management is a good preparation in facing the risk and survival in the long run in this market.
As mentioned in part what FXCE Giga is, this is a tool to assist in setting up an automated trading system. In which, you can set the time to enter and exit orders, identify new trends, adjust your strategy along with the market volatility. When you create an EA that matches your planned trading strategy, you will easily control your capital.
No limitation to MT5 indicators
With FXCE Giga, you can add as many different types of MT5 indicators as you want. In addition, FXCE also provides you with an Indicator library with more than 300 types of indicators posted on the EA Blog. Applying various types of indicators gives the EA the ability to recognize market conditions, as well as identify a new trend so that it can create ideal trading signals for traders.
In addition, it totally complies with the initial pre-input conditions for taking Stop Loss (SL) or Take Profit (TP) orders in order to manage the risk strictly and ensuring. Regardless of your style and trading plan, technical analysis cannot be complete without quality indicators. Apart from the classified indicator categories, FXCE is constantly creating, adjusting and developing many other indicators. You can refer to it here.
What is FXCE Giga's customizability? We do not limit the integration of external indicators into the system. Therefore, if the trading system has specialized signals or options that are not available on MT5, traders can request FXCE team on designing them as Indicators to integrate into the price chart. You will be supported by the Dev Team with no fee.
Form: Trader describes the idea - Dev Team writes the code.
Product: Indicator in .ex5 file, uploaded to FXCE library.
Usage: Only works on MT5 of FXCE and partners.
Download and create EA with FXCE Giga
Beside defining what FXCE Giga is, taking a look at a step-by-step guide would help you approach our system easier.
Download FXCE Giga
Download FXCE Giga latest version here.
To install FXCE Giga into MT5, copy the FXCEGiga.ex5 file into the /MQL5/Experts/ folder
See details on how to install EAs or Indicators into MT5: FXCE: EA | Download - Install - Launch FXCE Giga
To download MetaTrader 5, please visit the link: https://www.fxce.com/page-platform
Create EA with FXCE Giga
How to create EA using FXCE Giga in a simple way? Follow the steps below, you will set up the EA easily:
Insert your Indicators into the current chart.
Insert the EA from FXCE Giga in the same chart as the Indicators you added.
Create your new EA system in FXCE Giga by entering the EA Name (e.g. XYZ) or use the File > New menu to create a new trading system.
Set your entry conditions in the Buy/Sell tab.
Set the conditions for calculating volume and Stop Loss/Take Profit in the Volume tab.
Set the closing conditions in the Close tab.
Click Save to save the config.
Then, for the EA to work, simply change the EA's status from Deactivated to Activated by clicking the Deactivated button.
=> Watch a video tutorial: Tutorial set up an EA FXCE Giga
FXCE Giga Course
FXCE has designed a set of documents, which range from basic to advanced, to help users understand more about what FXCE Giga is and make EA setup easier. Lessons are divided into specific levels, giving you an overview and quickly getting acquainted with features of this EA.
The lessons below are made in the form of articles, accompanied by detailed video tutorials. You can save it for practice.
Hopefully, you have given yourself the answer to what FXCE Giga is through this article. From now on, you no longer have to sit for hours in front of the computer screen to adjust the time of entry and exit order. Everything has been done by EA.
Once you have fully understood what FXCE Giga is and its features, you can take full advantage of the special features of this tool. Download now, start discovering exciting things from FXCE Giga and make your trading smoother.