Using Autochartist Metatrader 4 for Forex Trading

The reason these levels appear is due to the balance between buyers and sellers, or demand and supply. GO Markets is a brand name of different entities authorised and registered in various jurisdictions. Complete registration, Log in to your
Client Area and upload the required documents. Visit the Autochartist Trading Community centre and access a wealth of informational material and how-to videos to become an Autochartist master. An emerging EUR/USD continuation pattern and a completed USD/JPY triangle pattern are shown below.

The performance is analyzed separately for the identified chart patterns and key levels – breakouts and approaches. Furthermore, the validation is done using the data for the past 6 months. The total number of patterns evaluated, the number of correct patterns, and the percentage of success is provided at the beginning of the analysis. That would please traders who are not interested in munching through a pile of statistical data. Trading derivatives and leveraged products carries a high level of risk, including the risk of losing substantially more than your initial investment. Before making any decisions in relation to a financial product, you should obtain and read our Disclosure Statement (DS) and other legal documents available on our website and seek independent advice if necessary.

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This analysis is provided for completed Autochartist Chart Patterns, breakout Key Levels and approaching Key Levels. Receive automatic notifications of emerging and completed formations to get another perspective on chart patterns – helping you make informed trading decisions. Every opportunity is evaluated against past performance with respect to the pattern type, the instrument and the time of day it was identified. Get inspiration from our market reports that are being updated daily to enhance your trading experience. Stay informed about upcoming high impact economic releases and get a technical outlook of the Forex markets before the opening of major financial centres.

No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it.

Plan your trading

Autochartist is a program which can identify chart patterns using technical indicators such as Fibonacci retracements. It monitors the markets 24 hours a day, alerting you to trading opportunities in real time. Autochartist is often used on the MetaTrader 4 (MT4) platform, and you’ll get it for free when you download MT4 from IG. We want to clarify that IG International does not have an official Line account at this time.

However, the key levels (resistance) and the probable price range for the next H1, H4, and D1 are shown. Even the strength of a pattern can be studied in detail using the Details window. 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 the end of the selected time period of study.

Volatility analysis

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. Professional traders always use market scanners to scan and identify stocks, bonds, currency pairs, or other assets, which match their investment parameters. While an experienced and successful Forex traders can easily flip through charts to spot trading opportunities easily, it might not be so in the case of a beginner trader.

Spot trend patterns, monitor markets, and catch trading opportunities with the Autochartist MT4, cTrader and MT5 plugin, one of the most powerful technical analysis tools on the market. Autochartist seamlessly integrates with your MT4 trading platform to provide you with reliable technical analysis. Like a dedicated trading assistant, it tirelessly monitors the markets to notify you of significant price changes and breaking news, 
so that you can swiftly capitalise on market opportunities. 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.

Discover the power of market analysis with Autochartist

In addition to Market snapshots, a Forex trader can choose to receive correlation signals separately. Even alerts of high impact financial news releases can be received separately via email. A trader can choose to receive financial news events related to one or all of the three sessions (Asian, European, American). There is also a provision to add a particular event to Outlook/Google calendar. The expandable Results Filter provides quick reference to the available opportunities. The checkboxes can be used to filter through completed/emerging chart patterns or Fibonacci formations.

For currencies and commodities, Autochartist can send up to three alerts a day, one each during the Asian, European, and the US sessions. However, using the checkbox, a trader can avoid receiving the alerts or restrict the alerts to a minimum of one. In case of stocks, alerts Custodial Vs Non-custodial Wallet Main Differences are sent once a day for Tokyo, New York, and London stock trading sessions. Alerts can be received in any of the 21 languages in addition to English. The Autochartist tool also provides some crucial details that would enable a trader to assess the strength of a pattern.

Features of Autochartist

There are also videos that explain how to make use of the available tools for maximum benefit. Notably, they have also provided a document that teaches the importance of discipline in trading. The primary intention of displaying all the trading opportunities under Our Favorites tab is to enable a beginner to get a feel of what is being offered. Still, it allows a user to limit the number of results from a minimum of 5 to a maximum of 25 using the drop-down list. When a new pattern is identified, a white color exclamation mark on orange background is shown next to the search name on the chart. Double-check the quality of your Fibonacci patterns, chart patterns, and key levels with a set of quality indicators.

• You can also depend on this tool’s skills to create your personal trading strategy.
• Additionally, for quick reference, the most recent 12 data release events and the currency pair’s charts are also displayed.
• Double-check the quality of your Fibonacci patterns, chart patterns, and key levels with a set of quality indicators.

Autochartist can generate notifications when emerging and completed chart patterns like Triangles, Wedges, Tops and Bottoms are identified. Additionally, an illustrated forecast range on completed patterns indicates expected price levels. Additionally, a list of 50 symbols where the Autochartist tool achieved the highest accuracy is also provided. Furthermore, total number of key levels identified for every asset and the corresponding success percentage are also offered for study. By visiting the Trading Opportunities tab, the details relevant to the new trading opportunity (according to your choice of assets) can be studied.

What are the benefits of Autochartist?

Even the key level breakouts and approaches can be selected or skipped as per the requirement. The information in this site does not contain (and should not be construed as containing) investment advice or an investment recommendation, or an offer of or solicitation for transaction in any financial instrument. The pattern-recognition capabilities of Autochartist are a significant benefit of the software. For instance, Autochartist can analyse different candlestick chart patterns using the Ichimoku Cloud, Bollinger bands and Fibonacci retracements – as well as a host of other technical indicators. Traders can review a range of performance statistics to see which trade setups have or have not worked over the past 6 months.

Trading derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Any Information or advice contained on this website is general in nature and has been prepared without taking into account your objectives, financial situation or needs. Past performance of any product described on this website is not a reliable indication of future performance. 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’s features are designed to identify patterns in charts, with the main benefit being the real-time insights it generates for market movements.