Autochartist is a flexible product because it is capable of highlighting thousands of potential trades a month in a range of financial markets, including forex and indices. First and foremost, Autochartist is an automated market scanning program, designed to save you time by analysing the markets on your behalf. It can alert you to opportunities by using technical indicators such as Fibonacci retracements as part of its market scanning capabilities. Whether you’re looking for channels, wedges, triangles, flags or other popular chart patterns, the inbuilt scanner tools help to identify statistically significant market movements for you, sending updates automatically. Get insights and notifications on chart patterns, forecasts, key levels and advanced trade patterns. The pattern-recognition capabilities of Autochartist are a significant benefit of the software.
Autochartist’s features are designed to identify patterns in charts, with the main benefit being the real-time insights it generates for market movements. Autochartist is constantly scanning the markets on your behalf, and it gives you price alerts whenever a new opportunity presents itself. Its software is designed to identify trading opportunities for you based on support and resistance levels. The risks of loss from investing in CFDs can be substantial and the value of your investments may fluctuate. 72% of retail client accounts lose money when trading CFDs, with this investment provider. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Forex and CFD broker
Autochartist helps you to focus on the trade by removing market noise and highlighting the currency pairs, data intervals and technical indicators that signify key market events. Autochartist can highlight the range in which a price has moved for a given period. This can be done on an hourly or daily basis and it enables traders to clearly see how susceptible a market is to price changes. A good risk management tool can help you on the journey to successful trading – and we believe that Autochartist’s Risk Calculator is one of the best available.
- This manual gives an overview of how to use the Autochartist web interface.
- You should consider whether you understand how this product works, and whether you can afford to take the high risk of losing your money.
- Autochartist can save you a lot of time that you would otherwise dedicate to scanning the markets manually.
- Autochartist is constantly scanning the markets on your behalf, and it gives you price alerts whenever a new opportunity presents itself.
- For example, it might identify that a currency pair – USD/JPY for example – has become highly volatile following an announcement by the US Federal Reserve (Fed) or the Bank of Japan (BoJ).
- Its software is designed to identify trading opportunities for you based on support and resistance levels.
Discover how to increase your chances of trading success, with data gleaned from over 100,00 IG accounts. By providing you with alerts, Autochartist can make it less likely that you will miss out on an opportunity to profit. Learning how to identify Fibonacci retracements, extensions, ABCD patterns, Butterfly and Gartley patterns just got a lot easier with built-in Fibonacci scans. Autochartist never stops searching for trade opportunities, leaving you free to focus on other things.
Plan your trading
It provides you with expected market movements ranges for the next hour, 4 hours and 24 hours, and guides you to the trading volume you need to set in order to remain within your risk tolerance. Filter the scanner parameters to receive pattern types and key levels specific to your trading strategy. Get statistical analysis of volatility over the last six months for specific instrument and time intervals, to guide potential trading opportunities for stop-loss and take-profit levels.
Like any trade opportunity, timely updates are important to perfecting any strategy. When acquiring our derivative products you have no entitlement, right or obligation to the underlying financial asset. AxiTrader is not a financial adviser and all services are provided on an execution only basis. Information is of a general nature only and does not consider your financial objectives, needs or personal circumstances.
AxiTrader Limited is a member of The Financial Commission, an international organization engaged in the resolution of disputes within the financial services industry in the Forex market. Another important feature is the ability to filter technical patterns (figure 1.I). As a side note, email reports are delayed by 24 hours for demo accounts, though live accounts receive it in real-time. Upon restarting your MetaTrader platform the Autochartist plugin will be housed in the Navigator folder, under Expert Advisors (see figure 1.D).
The more instruments you have added in Market Watch, the more markets and chart patterns you’ll see, categorised by numbered pages (figure 1.F – red). Therefore, it is a good idea to remove any markets you don’t trade from Market Watch. Autochartist can save you a lot of time that you would otherwise dedicate to scanning the markets manually.
Part of our MetaTrader platform
IG International Limited is part of the IG Group and its ultimate parent company is IG Group Holdings Plc. IG International Limited receives services from other members of the IG Group including IG Markets Limited. Autochartist can also alert you to opportunities that you might not usually consider. For example, it might identify that a currency pair – USD/JPY for example – has become highly volatile following an announcement by the US Federal Reserve (Fed) or the Bank of Japan (BoJ).
You should consider whether you understand how this product works, and whether you can afford to take the high risk of losing your money. We want to clarify that IG International does not have an official Line account at this time. We have not established any official presence on Line messaging platform. Therefore, any accounts claiming to represent IG International on Line are unauthorized and should be considered as fake. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.
Autochartist summed up
Use Volatility Analysis to help you set appropriate take profit and stop-loss levels based on expected market volatility. Plus, you’ll discover information like the time of day at which markets are most volatile and how to select instruments which fall within acceptable risk parameters. Receive alerts when the scanner identifies emerging or completed patterns on your preferred instruments and pattern types, providing real-time trading opportunities. Autochartist also allows users to easily scan through available trading opportunities, using the functions highlighted in red. If a pattern is of interest, simply click the View button (yellow), as shown in figure 1.J.