Get All the Trading Insight with Autochartist

Identify Trading Opportunities Like a Professional

As one of the world’s leading tools in the field of automatic identification of trading opportunities, Autochartist is something you shouldn’t let go unacknowledged. This MetaTrader plug-in and cTrader feature offers you an opportunity to redefine your trading habits and outcomes. And on top of that, if you have a live account with Axiory, it comes for free!

Here's What You Get with Autochartist

 

Fibonacci Patterns

The principle of these patterns is to give a preview of where a trader might expect the next resistance or support lines based on Fibonacci ratios on a price scale. Autochartist identifies 6 different types of Fibonacci patterns based on a number of turning points, these are:

 
  • 3 point retracement
  • 3 point extension
  • 3 drive
  • ABCD
  • Gartley
  • Butterfly drive


Fibonacci pattern: Gartley


Fibonacci pattern: Butterfly


Fibonacci pattern: ABCD


Chart Patterns

These pattern formations are based on market psychology according to which support and resistance lines are drawn. It’s a combination of these opposing lines with the price moving in between them that defines each pattern formation, which eventually recognizes potential market opportunities. In total, Autochartist is able to recognize 16 chart patterns based on the slope of the support or resistance lines, which will give you yet another advantage for your trading.
 

Key Levels

Whenever price touches horizontal support or resistance lines, a touching point is identified, after at least 3 touching points are being recognized on the same line, the key level is identified. With the increasing number of touchpoints, the significance of key level also rises. This can help traders with either identifying potential trading opportunities or setting stop-loss or take-profit levels and therefore ultimately assessing their risk.
 

Volatility Analysis

This small set of tools helps traders to observe past volatility of an instrument and also price forecast for the hours to come. Based on this information traders can effectively set stop-loss or take-profit levels or build their personal trading strategy.
 

Quality Indicators

As there is always a chance for Fibonacci patterns, Chart patterns, and Key level results to be misleading, traders should use them together with their own trading judgment and not rely on them alone. That’s why Autochartist also comes with Quality indicators that determine the reliability of these tools and displays them in an easy to read and user-friendly way.


How to Use Autochartist

How to

Learn how to use Autochartist to your Favor

Installation

Step by Step Installation Process

Start Trading in 10 min


         
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