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Key Advantages of Using Autochartist MetaTrader 4 for Forex Trading

The webinar commenced with an introduction of Ilan Azbel, the visionary CEO of Autochartist. The5ers’ Saul reminisced about his own trading journey spanning 13 years and highlighted the pivotal role that charting services played during their formative years. It set the stage for an engaging session focused on helping traders uncover the power of charting tools. The XCritical team offers brokers unique products to make it easier to get profit.

Autochartist and ChartIQ partner for real-time technical analysis – FinanceFeeds

Autochartist and ChartIQ partner for real-time technical analysis.

Posted: Wed, 19 Oct 2022 07:00:00 GMT [source]

The broker boasts fast executions and tight spreads, as low as 0.5pips. That’s because they operate an ECN model, connecting clients to a large liquidity pool for the best prices. Pepperstone has a strong legality guarantee because it has been licensed by the Australian regulator ASIC and FCA. Traders’ funds can be deposited in segregated accounts at top Australian banks, one of which is the National Australia Bank (NAB). Therefore, the safety of funds is not a concern if a trader chooses to open an account in Pepperstone. Traders can earn extra income by joining the affiliate program offered by Markets.

Disadvantages of using Autochartist

Autochartist can deliver market analysis directly to traders through their SMS gateway or through your mobile application via Push Notifications. The SMS feature allows traders to see an image and open their mobile trading platform in order to place a trade. It can be used for buy and sell signals, whilst it can also be used to look for an exit from an existing trade. Make use of the comprehensive analysis tool to get better judgement of the market situation and make the better decisions. Auto chartist is a tool that helps you to get the collated data and understanding it using simple charts and key points. Navigating the complex world of trading strategies, the CEO illuminated how Autochartist’s patterns translate into actionable insights.

But if you are an experienced trader or prefer to learn by doing, Pepperstone provides a Live Account that allows you to trade with live executions and pricing. Established since 2010, the company provides trading services and facilities to both retail and institutional clients. For more than 9 years in business, HF Markets has around 1,500,000 live accounts opened and 200 employees globally. Traders looking for brokers with accurate precision, OANDA can be an option. That is because OANDA is a broker that provides quotes with 5-digit accuracy and active price movements that follow market developments. The signal visualizer is very interesting because not all brokers have this facility.

Autochartist Features

On the trading platform’s dashboard, click on the NAVIGATOR tab and click on SCRIPT. Wide range of markets to trade, with up to 80 currency pairs offered. Spreads with this broker start from 0.6 pips and the Autochartist here is FREE for all, as long as the account is funded. Algorithm trading is also available for traders who use the approach. As for safety, Pepperstone is one of the most trusted brokers in the market.

You can also set it to send you platform pop-up/sound alerts if you are going to be close to your machine. You just need to login to your Autochartist account or you can set alerts directly from the Autochartist plugin if it is automatically provided by your forex broker. One of the core benefits of Autochartist is the real-time insights into market movements that it generates for traders.

Explore the markets with our free course

Best-in-class web & mobile trading platforms, sales-driven CRM, full integration with MT4/5, and 150+ payment providers. It is no secret that modern software expands the range of opportunities to earn money in financial markets. The bigger a broker is, the more additional applications it offers to customers for high-quality trading. Autochartist is a trading software designed to help traders search the market for good trading opportunities by analyzing market data. Here you can choose your desired timeframe, markets, and type of patterns.

Advantages of Autochartist

So with this tool, you can easily recognize the benefits of free Autochartist signals before using the plugin version on the MT4 platform. If traders are still confused about calculating profits, the OctaFX platform provides a trading calculator for each account type. Traders only need to enter the currency pair being traded, the amount of leverage, the number of lots, and the type of currency used in the account. And then, there are around 300 trading instruments offered by InstaForex for traders.


OctaFx trading platform is highly interactive and offers traders advice and recommendations about their trading techniques. Autochartist is available both in Tickmill’s web portal and as a platform plugin for MetaTrader 4. The downside is, trading with Tickmill will only enable traders to use MetaTrader 4 as their offered trading platform. Technical analysis is, and remains to this day, a popular method of analysing the foreign exchange market. Technicians attempt to plot market sentiment and psychology via chart studies, employing concepts such as support and resistance levels, trend research, Fibonacci patterns, and technical indicators. We want to clarify that IG International does not have an official Line account at this time.

Advantages of Autochartist

You can get Autochartist for free when you open an account with certain forex brokers. If you haven’t already got the MetaTrader platform, you can download it free of charge and even open a risk-free demo account from the majority of forex brokers. Autochartist offers a unique technology that Advantages of Autochartist could scan the market automatically while at the same time interpret it to produce a full analysis of the charts. Autochartist does send signals alerts in terms of finding possible trade opportunities based on chart patterns, technical analysis, price action and fundamental analysis.

What are the disadvantages of Autochartist?

When it comes to Autochartist, IC Markets provides free access to the signals through MT4 and MT5 plugins. IC Markets traders will also receive an email every now and then about a review of the market movements in the last hours. That way, traders can always keep up with the market situation and changes even when they’re not always in front of the computer. Support and resistance levels are the building blocks of technical analysis, and many effective trading strategies can be based around them. This is because support and resistance are like glass floors and ceilings which are often seen to limit a market’s range of movement. Launched in 2004, AutoChartist was created to streamline market analysis and reduce time spent on forming technical chart patterns.

  • Transaction fees are not charged, and diversity of payment methods enable them to choose between Wire Transfer, Bank Card, and online payments (Neteller, iDeal, Sofort Banking, and Skrill).
  • As your trusted trading platform, we are excited to announce that we have added an amazing new feature to our already impressive suite of trading tools.
  • Autochartist can be found within MT4 by going to the ‘navigator’ window and clicking on ‘scripts’.
  • Spreads with this broker start from 0.6 pips and the Autochartist here is FREE for all, as long as the account is funded.