AutoChartist’s new tool is added to TNFX’s toolkit and services that help traders make profitable investments.
Designed to identify patterns in charts, AutoChartist is a service that monitors markets 24 hours a day and alerts you to real-time trading opportunities, providing continuous and immediate technical analysis of trading transactions and a wide range of more than 258 trading instruments, suitable for novice and professional traders alike.
The most important features of the Autochartist tool:
Available directly on the company’s website and you can see them after you sign in to your account.
The technical analysis tool is completely customizable and easy to use.
A tool for analyzing graphic patterns and Fibonacci pattern.
Easy installation is available for MT4 and MT5 platforms.
Helps detect trading opportunities in markets that are of interest to the majority of traders.
Helps discover the market’s orientation and most important levels through technical analysis.
Provides more than 1,000 trading opportunities and ideas within a month.
Access to all financial markets (currencies, metals, indices, commodities, cryptocurrencies).
Provide currency trading alerts and allow traders to instantly identify the latest market opportunities through the trading platform.
How to Use the Professional AutoChartiest Strategy
Click on Download then obtain the installation file and login credentials for the MetaTrader platform, from your broker
Step 2Install the MetaTrader platform
Click install. Then click Finish
Log into your MetaTrader account by following these steps:
1) Start the MetaTrader platform
2) Click on File in the menu bar, then click on”Login to Trade Account”
3) Enter your credentials and click Login.
1) Open MetaTrader 5
2) Click on Tools in the menu item
3) Click Options
4) Click Experts Advisors tab
5) Tick the box next to “Allow WebRequest for the listed URL:”
6) Double click on “add new URL” and paste or type: https://mt5.autochartist.com
7) Click OK
Once your advisor has been installed, you can (re)start your MetaTrader terminal, and it should be listed in the Navigation window, under the Expert Advisor tree-node.
Drag the Exper t Advisor onto any chart window
Report subscriptions. Here you can enter an email address, then select the report, the session for which you wish to receive it and the language you wish to receive it in.
After subscribing you will receive an email report once a day for the specific reports, sessions and languages you have selected, about relevant patterns that can be used to enhance your trading strategy. You can subscribe to multiple reports, for multiples sessions in multiple languages.
Change Account. here you can swap between a Broker user account, or a Direct user account, by providing the necessary credentials.
Once clicked a new window will open.
In this window you can select the types of patterns you wish to view.
Quantity of historical patterns:
Historical patterns will be displayed on the chart as grey lines. This gives a very basic overview of the direction that the instrument has taken according to the patterns Autochartist has identified in the recent past.
You can also click on the web button to display a popup window containing 2 URLs that (when copied into a browser) will either show you all the Performance Statistics Reports for your broker / MetaTrader, or log you into the web application.
When clicking a ‘View’ button, the chart will change to the instrument and the period as per the pattern, then display the pattern on the chart along with any historical patterns.
The tick box labelled ‘Display all symbols’ will display all relevant symbols or instruments that Autochartist has identified for your broker, based upon the “Market Watch” in your terminal.
If this box is unticked, then the Expert Advisor will try to retrieve all patterns for only the symbol of the chart for all periods.
Also displayed on the chart, is the Autochartist Volatility indicator. This indicator displays statistical analysis of volatility over a period of 6 months, for this specific instrument at this specific time. The volatility indicator will display the averaged maximum price movement for the next 15 minutes, 30, 1 hour, 4 hour and 1 day based on statistical analysis of the last 6 months.
All of the windows of the Autochartist Expert Advisor can be dragged to a different location, or minimized. All except the “Pattern Details” window can be closed. Once the close-button of the main windows is clicked, the Expert Advisor will remove itself from the chart window.
Identified cases of very large market movements that may result in continuation of the current trend.
Identifies instances when excessive amounts of candles have closed in the same direction – signalling a possible reversal.
1. When installing the plugin, if your MetaTrader terminal was not listed during the detection step, press the “Add Additional…” button.
2. Start your MetaTrader terminal, and click on ‘File’, then click on ‘Open Data Folder’.