Autochartist

Let Autochartist look at the patterns for you!

  • Automatic pattern recognition
  • Alerts and notifications
  • Volatility analysis

Save valuable time when reading through charts! Autochartist scans a multitude of trading instruments in real time and automatically identifies Chart patterns and Fibonacci patterns to never miss an opportunity again.

Now offered for FREE to HFM clients!

Identifies 3 types of patterns: Chart patterns, Fibonacci patterns and Key Levels.

Monitors financial Instruments 24hrs/day.

Presents all market opportunities regardless of the chart being viewed.

Saves time as it scans through tradeable patterns automatically.

Gives access to multi-language email market reports and alerts.

Can be installed on the MT4 & MT5 platforms to scan opportunities across all charts.

What is Autochartist

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The first market scanner in MT5

Autochartist is fully customizable to your instruments and your preferred language, it scans your watch-list and alerts you to opportunities in real time as soon as a Chart or Fibonacci pattern is identified. Constant monitoring, volatility analyses and multiple Market Reports mean you’ll never miss an opportunity again – it works 24 hours so you don’t have to.

Autochartist Risk
Calculator

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Choose the risk
that's right for you

The new and innovative Risk Calculator tool is easy to use - simply enter the cash or equity percentage amount you are willing to risk on a trade and it will calculate the correct trading volume to help you avoid large capital losses!

For more information, please read our Risk Calculator User Guide.

  • Suitable for any trading style
  • Set your desired entry and exit levels
  • Matches your trading volume to your risk tolerance
Register Now
Terms and Conditions apply

FAQs

Autochartist offers several benefits to traders by automating the process of pattern recognition and providing real-time insights into potential trading opportunities. Here are some key advantages of using Autochartist:

1. Time-Saving:

  • Autochartist saves traders time by automatically scanning multiple financial instruments and timeframes for chart patterns. This allows traders to focus on other aspects of their strategy and decision-making.


2. Objective Analysis:
  • The tool provides an objective analysis of chart patterns based on predefined algorithms. This can help traders avoid emotional biases and make more data-driven decisions.


3. Automatic Alerts:
  • Traders receive real-time alerts and notifications when significant chart patterns are identified. This ensures that traders do not miss potential trading opportunities and can act promptly.


4. Diverse Pattern Recognition:
  • Autochartist covers a wide range of chart patterns, including triangles, channels, flags, and more. This diversity allows traders to explore different technical analysis methodologies and identify patterns that align with their trading strategies.


5. Customization Options:
  • Traders can customize settings such as timeframes, instrument selection, and minimum pattern quality. This flexibility allows traders to tailor the tool to their specific preferences and trading styles.


6. Integration with Trading Platforms:
  • Autochartist is often integrated into popular trading platforms, making it convenient for traders to access its features without the need for separate logins or applications. This integration streamlines the trading workflow.


7. Educational Content:
  • Autochartist may provide educational content and analysis alongside pattern recognition. This can help traders understand the context and potential implications of identified patterns, contributing to their overall market knowledge.


8. Risk Management:
  • The tool often includes volatility analysis and pattern quality indicators, assisting traders in evaluating the potential risk and reward associated with identified patterns. This can contribute to better risk management practices.


9. Accessibility:
  • Autochartist can be accessed from various devices with an internet connection, offering traders the flexibility to monitor the markets and receive alerts wherever they are.


10. Consistency:
  • The automated nature of Autochartist ensures consistency in pattern recognition. This reduces the likelihood of human errors and ensures that patterns are identified based on predefined criteria consistently.

Using Autochartist involves several steps, from accessing the tool to interpreting its insights for trading decisions. Here's a general guide on how to use Autochartist:

1. Access Autochartist:

  • Access Autochartist through your trading platform. Log in using your credentials. Set your preferences, including preferred timeframes, financial instruments, and any other customization options available.


2. Explore the Dashboard:
  • Familiarize yourself with the Autochartist dashboard. This is where you'll find various tools and features, including the latest pattern detections, market snapshots, and educational content.


3. Configure Alerts:
  • Set up alerts based on your preferences. Autochartist can notify you via email, SMS, or within the platform when it identifies significant chart patterns or other trading opportunities.


4. Review Identified Patterns:
  • Regularly check the patterns identified by Autochartist. These could include chart patterns like triangles, channels, flags, and more. Pay attention to the quality indicators associated with each pattern.


5. Understand Quality Indicators:
  • Autochartist often provides quality indicators for identified patterns. These indicators can help you assess the reliability of the pattern. Higher-quality patterns may be considered more robust and reliable for trading.


6. Perform Additional Analysis:
  • While Autochartist automates pattern recognition, it's essential to perform additional analysis. Consider factors such as overall market trends, support and resistance levels, and fundamental factors that may impact the instrument you are trading.


7. Evaluate Risk and Reward:
  • Assess the potential risk and reward associated with the identified patterns. Consider the distance to potential stop-loss and take-profit levels.


8. Incorporate Patterns into Your Strategy:
  • Integrate the identified patterns into your overall trading strategy. Determine how they align with your existing analysis and trading plan.


9. Stay Informed:
  • Keep yourself informed about market conditions and any news that may impact the instruments you are trading. Be ready to adapt your strategy based on changing circumstances.

Autochartist is offered for FREE to our clients.