Autochartist has been around for many years now, and as we have already said, it is available in more than 100 countries. It can be used for free with the Autochartist demo version, after which, you can create a paid Autochartist account. While Autochartist is very trustworthy, it can’t be 100 percent accurate, so keep in mind that you should always think about the positions before opening or closing any of them. As helpful as it might be, you should remember that it is not some type of a ‘market prophet’.
Autochartist is an innovative trading platform that can provide traders with high-quality signals for successful forex and stock trading. The system combines sophisticated software algorithms with real-time market data to identify profitable opportunities in the financial markets. Autochartist can provide traders with timely alerts of potential trades, helping them to make informed decisions on when and what to trade. Autochartist is a platform that generates trading signals and delivers 1000+ actionable trade opportunities per month in financial markets in real time. This tool is a market scanner and can provide statistically significant market movements and identify basic price levels.
Disadvantages of using Autochartist
The information on this website is not intended to be an inducement, offer or solicitation to any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. Autochartist is a leading technical analysis tool that has gained significant recognition and popularity in the trading community. Developed to empower traders with advanced market analysis capabilities, Autochartist assists in identifying potential trading opportunities and predicting future market trends. Autochartist can literally save users hundreds of hours that would need to be spent dedicated to scanning the markets manually for possible buy and sell signals. Undertaking complex technical analysis and chart pattern recognition can be a daunting and repetitive task for and trader.
To cater to the needs of all the financial market participants, the Cyprus based Autochartist Limited offers its service mainly through a web interface. However, it also offers a custom plug-in for Forex traders using the MetaTrader 4 platform. PowerStats of Authochartist also shows the statistical highs and statistical lows, which can be very helpful for you, and anticipated price movements over the weekday and even hourly time-frames.
Trade Opportunity Identification:
A plug-in is now available that allows traders to access all the features of the software through the MT4 application. Once the plug-in has been installed, traders can launch AutoChartist from MetaTrader 4 without having to log in to the platform again. You can also trade directly from the charts, allowing you to take advantage of a trading opportunity in a timely manner. Autochartist identifies both the support and resistance levels that influence emerging and complete patterns with indications of the general direction of price movement as well as past trends. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors.
- To access this feature in your web application, sign on, click on the “Performance Statistics” Tab.
- To view this pane click on the 'Expired Trading Opportunities' tab which will be highlighted in dark grey.
- The system combines sophisticated software algorithms with real-time market data to identify profitable opportunities in the financial markets.
- Trading in AETOS’ products (e.g. Trading margin FX and CFDs products) carries a high level of risk and may not be suitable for all investors.
- Autochartist can highlight the range in which a price has moved for a given period.
- Among the brokers that offer Autochartist are those licensed by NFA of the USA, FCA of the UK, ASIC of Australia, and many others.
- You are strongly recommended to seek independent legal advice before engagement.
These reports are provided at predetermined times and infrequent intervals. They are fully customizable for different markets or instruments and are available in a diversity of languages. The program also offers ‘Event Impact Analysis’, which is very simple to read and it showcases the impact that different events have on the Forex market. The trading opportunities are also assigned a quality score so that you can decide if you want to take advantage of a particular trading opportunity. As a price changes, the most recent chart patterns are updated and you continue to receive alerts as a pattern develops.
Benefits of Autochartist
Traders have the flexibility to set specific criteria for events like chart pattern breakouts, Fibonacci level breaches, or market condition fulfillments. Real-time alerts can be delivered conveniently through email, SMS, or directly within the trading platform. This feature ensures that traders stay informed and promptly notified about potential trading opportunities, enabling them to take swift and decisive action. By leveraging customizable alerts and notifications, traders can enhance their trading efficiency, seize advantageous setups, and maximize their trading potential. Autochartist is compatible with various trading platforms, making it accessible to a wide range of traders. Whether you trade forex, stocks, commodities, or indices, Autochartist can provide valuable insights and enhance your trading decisions.
This detail screen will also display a range of useful trend characteristics such as quality, uniformity and clarity. This means that you do not need to be sat at your desk and gazing at charts all day. You could simply fire up the MetaTrader app on your mobile device and take a trade from there when you do receive an Autochartist alert.
Forex and CFD broker
Autochartist is completely aligned with traders’ objectives to be successful in the markets. They do not earn any referral fees, commissions or get any rebates from brokers. They want traders to be successful with their software so that brokers will continue to offer it to their clientele and more brokers will come on board.
Additionally, for quick reference, the most recent 12 data release events and the currency pair’s charts are also displayed. The price charts also provide a visual display of an event’s impact on a currency pair at https://www.xcritical.com/ the end of the selected time period of study. The Delta value for each of the 12 economic news releases would also enable a trader to understand whether there is a significant increase or decrease in correlation.
Support and Resistance Levels
Trading Central is another popular technical analysis platform that offers comprehensive market analysis, trade ideas, and signals across multiple asset classes. It combines advanced analytics, machine learning, autochartist signals and artificial intelligence to provide traders with actionable insights. Trading Central covers a wide range of indicators, including support and resistance levels, trend analysis, and candlestick patterns.