The Autochartist Academy provides three courses for traders to develop their technical analysis skills. This resource is available to customers of brokers that support the platform. Popular supporting brokers include IG (via the MT4 platform and mobile); OctaFX, which also provides downloadable reports; and Oanda, which offers the Autochartist Visualizer. Pepperstone has its own version of the market scanner, which can filter high-value updates.

Overall, Tickmill is a competitive broker in spreads and provides a safe trading environment with its regulated entities in three different jurisdictions. Although their trading platform is not outstanding, the analytical tools they present to equip traders’ needs are considered by retail broker standards. They offer several third-party research solutions, including Autochartist, which is a popular pattern-recognition software that uses automated technical analysis to make forecasts and generate trading signals. Autochartist is available both in Tickmill’s web portal and as a platform plugin for MetaTrader 4.

Autochartist Conclusion

All of these facilities can be used by traders to increase knowledge about trading and the financial market as a whole. If traders already have enough knowledge, they have a greater opportunity for earning profit consistently. Traders can earn extra income by joining the affiliate program offered by Markets. Clients who join this program will get some advantages, such as 60% of Net Spreads based on the volume traded by sub-clients, up to $15 per a lot of net revenue, and many more.

• Just by opening a Demo Account, traders can enjoy the Autochartist features in their trading platforms (MetaTrader 4).
• Autochartist can deliver market analysis directly to traders through their SMS gateway or through your mobile application via Push Notifications.
• The trading platform is available on 3 different interfaces specifically designed for Web Desktop, Tablet, and Mobile displays.
• Get information including time of day when markets are most volatile, how to set appropriate exit levels and how to select instruments that fall within acceptable risk parameters.

Still, traders may need to consider that ThinkZero applies commission from $3.5 per side for every 1000,000 trading volumes. This condition is often exploited by brokers to take advantage of clients with Requotes. However, traders do not need to worry about additional costs when trading with OANDA. Because OctaFX offers low spreads, which are floating starting from 0.0 pips. For traders in most countries, OctaFX is under the authority of Octa Markets Incorporated and is registered in Saint Vincent and the Grenadines.

Mobile App

Another plus is they have an OANDA Technical Analysis that exists in collaboration with a technical analysis provider called Autochartist. IC Markets is an online forex broker operating under the company of International Capital Markets Pty Ltd. Traders under the Australian jurisdiction are provided with the trading service of IC Markets AU that is headquartered in Australia and licensed by the Australian Securities and Investments Commission (ASIC). In practice, sometimes charting can be an overwhelming task for traders because price charts are not easy to read, especially if traders must analyze them manually. However, there is one tool called Autochartist that could help traders with such issues.

As per the installation guide, users can download a .ex4 file to their PC from the website and add it to the ‘Experts’ folder in the Metatrader terminal. This Expert Advisor (robot) installer can then be dragged https://www.xcritical.com/ directly onto the trading chart, which will begin the download automatically. In this tutorial, we provide a description of its top features, review the key tools in detail and explain how you can get started.

Chart Pattern Recognition

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. For me, the autochartist only an additional tool to help us to analysing forex markets technically.

The company is also a good alternative for those looking for a well-regulated broker with flexible trading and deposit conditions. As an experienced and well-known online forex broker, OANDA is committed to maintain an efficient trading environment that reduces latency and provid tools to help clients manage the degree of acceptable slippage. The signal visualizer is very interesting because not all brokers have this facility. So with this tool, you can easily recognize the benefits of free Autochartist signals before using the plugin version on the MT4 platform.

Plan your trading

They do not earn any referral fees, commissions or get any rebates from brokers. They want traders to be successful with their software so that brokers will continue to offer it to their clientele and more brokers will come on board. To receive the automatic alerts from Autochartist you will need to enter your email address.

Pepperstone has partnered with a range of social trading platforms that traders can choose from, such as Myfxbook, ZuluTrade, Mirror Trader, MetaTrader signals, and Duplitrade. Autochartist offers a unique technology that could scan the market automatically while at the same time interpret it to produce a full analysis of the charts. Autochartist is often used on the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platform.

Macro-Economic Analysis

Sometimes, I used Autochartist to look for a new trading opportunities but then I do my own analysis before opening position. Their innovative platforms have been used by Microsoft’s global institutions, Barclays Stockbrokers Ltd, and TD Waterhouse. The platforms include SaxoTraderGO, an award-winning trading platforms and is offered as Saxobank’s flagship. HF Markets offers some of the tightest spreads in the market, starting from 0 pips in Zero Account.