Autochartist recognizes technical analysis patterns on charts, assesses them and predicts future market behavior, giving timely signals of any significant trends.

You can use this service to confirm your trading results as well as to develop your own approach to the market and your understanding of methods of technical analysis.

Autochartist is a web application. There is no need for downloading or installation.

This service is free for all clients with live trading accounts. Clients with demo accounts can make use of a trial-version of the program in order to evaluate Autochartist's benefits.

Before you can access the web application, you will need to log in.

• Log In
  MT Password MT Login
• Open a Live Account

link to page

Autochartist enhanced Plug-in for MetaTrader users:

• No need to manually plot support and resistance lines
• Simple drag and drop application of the Autochartist Custom Indicators (Chart Patterns, Fibonacci Patterns, PowerStats) on a chart of your choice
• Automatic highlighting of both Emerging and Completed patterns as they occur

This service is free to live account holders at Alpari.

New Benefits to Traders:

• Chart Patterns Indicator (Pattern Identified, Length, Direction, Trend Change, Quality, Initial Trend, Uniformity, Clarity, Breakout Strength and Result Type)
• Fibonacci Patterns on MT4
• PowerStats on MT4
• Highlighting older patterns to view additional information
• Available in: English, Spanish, French, Indonesian, Turkish or Russian

To apply one of the three indicators above, drag and drop the indicator onto a graph of one of the following time granularities: M15; M30; H1; H4; D1.

• Read Close 1

  Autochartist Chart Patterns

  

  A: Represents an OBJECT – to move the white block, double-click on the frame and move to a new position. Once a new tick comes through the block will move.

  B:

  • < double-click and drag to view patterns in reverse order;
  • > double click and drag to view patterns in direct order.

  C: 2 - is the Pattern Index with 1 being the newest pattern.

  D: Represents the legend with details on the current selected Chart Pattern: Pattern Identified, Length, Direction, Trend Change,Quality, Initial Trend,Uniformity, Clarity, Breakout Strength and Result Type.

  

  E: Represents a non-highlighted chart pattern.

  F: Represents the Resistance level of the currently selected chart pattern.

  G: Represents the Support level of the currently selected chart pattern.

  H: Represents the Forecast Zone for the currently selected chart pattern.

• Read Close 2

  Fibonacci Patterns

  Here is an example of a Fibonacci pattern.

  

  Points A, B, C (and D in some patterns) indicate the Fibonacci turning points.

  The red dotted-line indicates a predicted movement of Emerging (only) Fibonacci patterns.

• Read Close 3

  Autochartist PowerStats

  This is an example of Autochartist’s PowerStats feature on MT4.

  

  The blue lines indicate statistical price-movement ranges at the indicated time granularities.

• Read Close 4

  How to install the Autochartist plugin for MetaTrader 4

  To activate the Autochartist indicator for MetaTrader 4, you should:

  1. 1. Make sure MT4 is turned off and install the MT4 plugin (During the installation, select the folder where your MT4 files are stored).
  2. 2. Open MT4.

  3. 3. Go to Tools > Options > Expert Advisors and make sure your settings are as the following screenshot illustrates:

     

  4. 4. Click "OK".
  5. 5. Look for Autochartist Chart Patterns; Autochartist Fibonacci Patterns; Autochartist PowerStats in your Custom Indicators (Navigator panel) and drag it onto a currency pair chart. Make sure to use a time frame supported by Autochartist (M15, M30, H1, H4,D1).

To download the indicator, you will need to log in:

• Download
  MT Login MT Password
• Open a Live Account

link to page

• Master chart pattern analysis by recognizing market stages
  All market fluctuations are the result of human emotions: fear and greed. Every skilled and experienced trader should know the market stages and perceive whether the fear or greed affects the market.
• How false breakouts can be reduced
  False breakouts represent one of the most sophisticated problems for traders. This article discovers how false breakouts can be reduced with the help of Autochartist.
• Support and resistance nuances of patterns
  Every trader should understand the market trend and know chart analysis to enter the market in proper time. Support and resistance levels are of great importance as they form patterns and therefore become the basis of chart analysis.
• Difference between reversal and continuation patterns
  There are 2 types of patterns to analyze: reversal and continuation patterns. A trader should know how to determine the features of both types.
• Understanding historical pattern tendencies
  Chart patterns are one — if not the oldest — methods of chart and price analysis traders use. In fact, the popularity of chart patterns continues to rise and that's for one reason: they work.
• Understanding Autochartist pattern result column headings
  The chart pattern results of Autochartist are accompanied by a number of headings that give the trader insight into the quality of the pattern. Each of these headings should be studied.

• Autochartist is a trading assistant that scans online trading information and alerts you to trading opportunities. It is not a trading system; it is a program that enables you to systematically look for trades.
• 1. Autochartist alerts you to trades every 15 minutes. You can use these alerts to begin your market-cycle analysis.
• 2. Autochartist will continue to alert you to a pattern as it develops; these alerts are called "re-alerts" or "continuing alerts" If the pattern changes to the point where it is no longer valid then Autochartist will not re-alert you.
• 3. When you start using the program, it is crucial that you set up the search criteria: your search tabs must include your preferred symbols and intervals.
• 4. Сhart patterns are simply dynamic and static lines and levels (support, resistance, trend lines) that come together to create a pattern.
• 5. Good alerts rank high in the Uniformity and Clarity columns.
• 6. Positions can be opened and closed in your trading platform only: MetaTrader 4, Systematic and Alpari Direct.
• 7. Both "continuing" patterns and "reversal" may develop differently from the way it was forecasted. These are simply likelihoods based on the patterns, trends, and other price actions that Autochartist analyzes.
• 8. Complete Patterns are patterns that have broken or "triggered", while Emerging Patterns are patterns that are still developing. To use your time wisely, refer to the Emerging Patterns section to be proactive about trade entries and refer to the Complete Patterns section to get assistance with trade management.
• 9. Autochartist identifies chart patterns using an agreed computer algorithm which reads profitable and unprofitable patterns in due time.
• 10. You can enter the program using your investor password.

Daily Forex Update: GBP/USD

08.02.2012 19:49

By: Dima Chernovolov

GBP/USD has recently completed the high Quality Up Channel chart pattern identified by Autochartist on the hourly charts. The overall Quality of this chart pattern is measured at the 9 bar level as a result of the maximum Initial Trend (rated at the 10 bar level), substantial Uniformity (9 bars) and significant Clarity (7 bars). The top of this chart pattern (point C on the chart below) formed when the pair reversed down from the combined resistance standing at the intersection of the upper resistance trendlines of two more longer-term chart patterns identified by Autochartist for this currency pair (shown below). GBP/USD is expected to fall further toward the Forecast Price 1.5776.

As can be seen from the following GBP/USD charts, the point C of the above Up Channel formed at the intersection of the upper resistance trendlines of the longer-term hourly Up Channel and the 4-hour Rising Wedge chart pattern. Three chart patters pointing in one direction increase the likelihood of further losses for the pair.

For further information on this and other Autochartist products visit www.autochartist.com

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Weekly Commodities Update: Wheat

06.02.2012 00:14

By Jonah S. Ford

Grain markets have long been susceptible to a seasonal decline commonly referred to as the “February Break”, where prices are seen weakening from the end of January through the beginning of March. This tendency is a result of farmers selling off old crop to raise capital for the spring planting season. Some years carry a more pronounced effect than others, and it is best to keep an eye on the longer term chart analysis to determine where the markets might be in the price cycle. Autochartist has been tracking the fluctuations of Wheat futures as a potential breaking pattern forms on the 240-minute time frame, which may be forecasting the weakness ahead.

After a sustained rally from the major low at $5.65 per bushel set in December, nearby wheat futures stalled and sold off for much of January. The subsequent low found buying interest well above the December lows, however, setting a higher support zone in place to create the lower trend line of a large Channel Up chart pattern. A healthy recovery then pushed the market to a new high near $6.80 per bushel to confirm the overhead resistance and strengthen the pattern, Now measuring 213 4-hour candles across, this will likely prove to be the dominant trading range as we enter the “February Break” period.

If the technical indicators maintain their current progression, wheat is likely to slide back towards the key support provided near $6.10 per bushel to form the next leg of the Channel Up chart pattern. This allows for a potential short entry at the current level with a stop-loss order placed above the channel resistance around $6.90 per bushel.

There is always the potential for a counter-seasonal move to develop during this time frame as well. Because the channel is now very well-defined, renewed buying to push above the top of the channel would negate the sell signal and set up a breakout towards higher prices. The close proximity of the current price to the top of the channel suggests this move would likely occur during next week’s trading. Autochartist will continue tracking this pattern and will generate a buy signal if such a breakout does occur.

For further information on this and other Autochartist products, visit our website at www.autochartist.com

DISCLAIMER: The Autochartist service includes chart pattern identification in respect of foreign currencies, commodities, equities and stocks. There are potential risks relating to investing and trading. You must be aware of such risks and familiarize yourself in regard to such risks and to seek independent advice relating thereto. You should not trade with money that you cannot afford to lose .The Autochartist service and its content should not be construed as a solicitation to invest and/or trade. You should seek independent advice in this regard. Past performance is not indicative of future performance. No representation is being made that any results discussed within the service and its related media content will be achieved. All opinions, news, research, analyses, prices or other information is provided as general market commentary and not as investment advice. Autochartist, MDIO Software, their members, shareholders, employees, agents, representatives and resellers do not warrant the completeness, accuracy or timeliness of the information supplied, and they shall not be liable for any loss or damages, consequential or otherwise, which may arise from the use or reliance of the Autochartist service and its content.

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