Autochartist: your automated market analyst

A trader's best friend is a personal expert and Autochartist. It hardly occurred to anyone to calculate the percentage of successful recommendations from the Expert Advisor brokerage firmBut the results of the automatic assistant are known for certain: success is achievable in 70-80% cases.

How does Autochartist work?

Autochartist automatically, in real time, recognizes patterns on the charts and tells traders the right moment to enter the market. The robotic assistant "sees" such figures as: descending/rising channel (broken line), opening/closing of the channel, development of the wedge and its reversal, head and shoulders, double top, double bottom, triple top, triple bottom, etc. Any changes on the chart are immediately displayed in the form of a message. Experts believe that Autochartist is not just a good adviser, but also a kind of "trainer" for beginners who are just learning the movements on the charts.

By the way, market professionals believe that the benefits of Autochartist are many times greater if you use it when working on MetaTrader 4. Firstly, here it retains all the features that are available when trading on the online platform, at the same time, a couple of other pluses are added. So, you can easily combine the Autochartist indicator with other tools of tehanalysis, which you usually use on the platform. The program can be installed directly in the terminal, as well as working completely independently.

The auxiliary tool does most of the work for the trader, spending ten times less time on it. But despite the fact that Autochartist independently draws possible further actions, it seems logical to "double-check" the results, guided by fundamental data. After all, any news can easily destroy the picture perfectly predicted on the charts.

Pros and cons of working with Autochartist

So, to the obvious benefits of Autochartist applies:

• Early warning of trading opportunities: both visual and audio signals.
• High percentage (above 70%) in reaching the prediction zone.
• It is easy to understand how the program works, thanks to the accessible tutorial and video instructions.
• Autochartist acts quickly and clearly, automatically looking through a huge number of market indicators, and thus saves a lot of time.
• The trader can set strictly individual settings that will separate out all unnecessary data, providing only the data that is interesting to trade in a particular style.
• The resulting sample charts greatly facilitate the daily analytical work of the trader.
• The program does not take a lot of space, is quick to install and run.

To remain objective, it is worth saying that The auto-advisor also has certain disadvantages. It would not be out of place to mention them either:

• Please note: the program can only be used for intraday trading and is not suitable for long-term analysis.
• Autochartist can only be used by traders who rely on analysis to open trades graphical figures.
• It will take some time to set up the program in the right way, especially the so-called "sensitivity" of the recognition.
• The program is a very expensive piece of software. However, in order to get it for free, you can simply choose a lucky broker - many companies provide Autochartis as a welcome bonus when activating an account for a certain amount. So act wisely!