The technical analysis is a key trading
tool for many traders because of one significant reason – it evaluates the
financial instruments and forecast the future movement by providing gathered
statictics from the trading activity. But even being fueled with knowledge and
knowing by heart the theory basics, it is not so easy to implement it to your
trading strategy.
I’ll never forget when for first
time I opened a chart on my MT4, the green graphics appeared to me like lots of
Christmas trees. I thought that my mind was successfully uploaded with the
necessary volume of knowledge as I spent considerable time for learning, but at
the very beginning it was very hard to identify any pattern. Of course certain time
and efforts were needed to improve my experience and to break free from the
Christmas trees vision.
Fortunately, there is a revolutionary
application that provides incredible assistance to traders regardless of
experience level. Autochartist is an amazingly powerful tool that enhance your
confidence in trading by providing synthesized information of price movement of
all instruments, clear assessment of rist and volatility and is a reliable guideline
for trading.
My broker, Activtrades, recently introduced an improved version of the
application that provide better trading opportunities with the new tools Key Levels
and PowerStats.
Here are some of
Autochartist tools that will compose the delight of your trading:
Chart patterns: you will have audio and visual
alerts when emerging and completed patterns are identified. An automatic forecast zone is plotted on
completed chart patterns.
Fibonacci patterns: you will be also notified for the emerging and completed
Fibonacci patterns with visual illustration of support and resistance levels.
Key levels: Horizontal support or resistance are automatically identified as
either “Breakout” or “Approach”.
Powerstats: provides an insight into the relevant movement of instruments: average
PIP movement in specific timeframes; maximum expected price movements across
various timeframes and expected price movements over weekly and daily
timeframes.
Autochartist benefits not to miss are:
- Intraday
scanning;
- Relevant trade opportunity alerts;
- Forecast zones;
- Quality indicators;
- Saves time.
The interface consolidates all actionable trade
opportunities and it is very easy to master the tool. To prove my words and to
clear your vision, I'm attaching a screenshot:
Please kindly note that on a Demo account Autocharticst will be displayed with
delays and you may refer to the plug in for the exact time delays.
The Autochartist rid me of the problem with the difficulties of recognising
patterns and I said goodbye to Christmas Trees.
