How does “more than 70% of accuracy Indicator Autochartist” work?

May 18, 2016

autochartist technical indicators

How does it work?

Autochartist tool scans hundreds of charts to identify predefined patterns as they form. Once the pattern is identified you are alerted and can enter or exit a trade quickly. The tool is ideal for both beginners and advanced traders and will save you the time and effort it takes to identify patterns.

Available on Forex, Commodities and CFDs in 14 languages including English, French, Hungarian, Indonesian, Russian, Arabic and others.

How Accurate is it?

With 70% accuracy rate of forecasts of price breakout, Autochartist is considered one of the world’s most advance intraday tools for automatic identification of Chart and Fibonacci patterns.

Patterns identified by Autochartist include:

autochartist pattern technical indicators

 Autochartist Trading Tools

ChartPatterns Chart Patterns

  • Receive audio and visual alerts when emerging and completed patterns are identified.
  • Benefit from the automatic Forecast Zone plotted on completed Chart Patterns.
  • Use Performance Statistics to view success rates of patterns reaching the forecast zone.
KeyLevels Key Levels

  • Horizontal support or resistance is often encountered at significant price levels.
  • With Key Levels Autochartist automatically identifies these price levels as either “Breakout” or “Approach.
FabonacciPatterns Fibonacci Patterns

  • Receive audio and visual alerts of emerging and completed Fibonacci patterns.
  • Receive a visual illustration of support and resistance levels according to the theory of the Golden Ratio.
Powerstats Volatility Analysis

Provides traders with insight into relevant movement of instruments, like:

  • Average PIP movement in specific timeframes;
  • Maximum expected price movements across various timeframes, and
  • Expected price movements over weekly and daily timeframes

Getting Started

First you need to install and launch Autochartist from MT4. Receive real-time alerts of profitable trade opportunities through a web and custom indicators.

Downloads:

  • Autochartist’s online User Manual is available in the following languages: English;Russian; German;Simple Chinese; Japanese
  • MT4 Plug-In: Simply click on this link to download and install the Autochartist Plug-in and start using this tool on your trading application.
  • Performance Statistics: To access this feature in your web application, sign on, click on the “Performance Statistics” Tab. You will notice that there are three columns of statistics broken down by Exchange or Instrument type. You can click on any of the buttons to draw a report that is specific to that Exchange or type of Instrument, and for a particular analysis type.
  • Market Coverage: To access this feature sign on to the Autochartist web application | Click on the Education & Resources Tab | Click on the Market Coverage link under the Reference section.
    Select an Exchange on the left to see the available Symbol list, along with the candle intervals on which this instrument is monitored.

The Benefits of Autochartist

INTRADAY SCANNING: Autochartist gives traders early notification of potential trade opportunities throughout the day.

RELEVANT TRADE OPPORTUNITY ALERTS: Autochartist delivers both audio and visual alerts, highlighting only trade opportunities that are actionable and visible to users.

FORECAST ZONES: On completed patterns, Autochartist automatically plots a forecast zone of what price level is expected to be reached. Autochartist has a 70% success rate in price reaching forecast zones.

QUALITY INDICATORS: Each pattern comes with an automated visual analysis that uses a combination of four unique characteristics in assigning a pattern’s quality score.

SAVES TIME: Rather than forcing a trader to rely on (or acquire) years of training to recognize trading patterns, and key levels (horizontal support or resistance levels) Autochartist scans through massive quantities of market price data and automatically detects predefined patterns and key levels.

USE ONLY ONE SCREEN AND LAUNCH AUTOCHARTIST FROM MT4: All trade opportunities are consolidated into one screen. That is: Chart Patterns, Fibonacci Patterns, PowerStats and Key Levels. Traders have an ability to switch the opportunities ON/OFF with the click of a button.

BENEFIT FROM AUTOCHARTIST’S TRADING TOOLS ON MT4: Traders simply drag and drop one of Autochartist’s custom indicators (Chart patterns; Fibonacci Patterns; Key Levels or PowerStats) onto an MT4 chart to see patterns and price clearly overlaid.

EDUCATION: The Autochartist service is accompanied by training guides and videos from within the application to empower traders to best utilize chart patterns and technical analysis in their day-to-day trading.

TRADE STYLE: Autochartist automatically plots support and resistance lines, catering to both breakout and swing traders.

HIGHLY CUSTOMISABLE SEARCHES: Users can define custom search criteria that filter out unwanted data, leaving only the pattern information most relevant to their own personal trading style.

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Hercules