Autochartist is a financial market analytics tool that has grown to become a global leader since its inception in 2004.
Today, the tool automates financial content generation and trade execution analytics for many leading brokerage firms around the world.
Due to its tremendous accomplishments and stellar content, it is no wonder why LegacyFX has chosen to integrate the Autochartist plug-in with its MetaTrader 5 platform.
About Autochartist
The company behind the Autochartist analytics tool has expanded since its inception to now work with millions of traders in more than 100 countries around the world. The tool is used by many leading stock, currency, CFD, and futures brokerage firms.
The aim of the Autochartist tool is to make traders’ lives easier by automatically analysing the market on their behalf and giving alerts whenever new trading opportunities arise.
For more information about the benefits of Autochartist for traders, please read the embedded PDF.
Autochartist Features
The Autochartist tool includes a range of great features, including the ability to analyse and receive notifications on technical chart patterns. These can help traders get a new perspective on chart patterns, thereby helping them make more informed decisions about their trading practices.
In addition, traders can benefit from volatility analysis. This helps traders assess potential risk and get statistical information about the price volatility of their preferred markets.
Trade Opportunities
The Autochartist tool identifies three types of patterns as a trade opportunity. These are chart patterns, Fibonacci patterns, and Key Levels. These patterns are all based on resistance and support levels, which are side-effects of the market psychology of traders.
Once patterns have been identified, traders can filter out any that they are not interested in or view just one type of pattern at a time.
MetaTrader 5 Plugin
Autochartist’s tool is easily integrated with MetaTrader 5’s platform. This simple and seamless integration gives traders access to constant market analysis and new opportunities in one easy chart, thereby allowing traders to easily execute their trades through the platform directly.
After installing the plugin, users of the MetaTrader 5 platform will benefit from a simple interface with all of Autochartist’s features, customised to their particular trading needs.
