RECOMMENDED FOREX BROKERS
Do not invest more money than you can afford to lose.
Australia-regulated forex broker DMM FX Australia, part of Japanese conglomerate DMM.com Group, made available on Monday the Autochartist plugin for the MetaTrader 4 (MT4) trading platform to its clients, the broker said. All of its clients can access and download the plugin free of charge.
Autochartist is a tool for automated identification of chart and Fibonacci patterns especially designed for trading via the MT4. It automatically monitors the performance of financial instruments and, using performance statistics, finds trading opportunities and evaluates potential risks and the highest chances of success. The plugin also features volatility analysis and historical six-month performance statistics. Autochartist users access all this information collected into a single comprehensible chart.
The plugin can be beneficial for trading in the forex, indices, equities, and commodity markets. It is used by more than 140,000 traders in over 148 countries across the world in the past month alone, according to data from Autochartist’s website.
The Autochartist plug in, which is available in 11 languages, is widely used by forex brokers, including Admiral Markets, Oanda, AxiTrader, and FxPro.
DMM FX Australia offers trading only via the MT4 platform in all of its variations – web-based, or for desktop (Windows, Mac) or mobile (Android, iOS) devices.
MT4, developed by software company MetaQuotes, is the world’s leading forex trading platform. Traders can download ready-made or create their own trading robots (Expert Advisors, or EAs), scripts and custom indicators in the MQL programming language. With its outstanding charting package, auto-trading capabilities and signal copying, the platform is user-friendly and even novice traders can easily find their way around it.
It is available as a desktop and mobile application and, since September last year, as a web version.
Autochartist Ltd, the developer of the self-branded plugin, is based in Cyprus.
DMM FX Australia, based in Sydney and trading as DMM FX, is licensed by the Australian Securities and Investments Commission (ASIC). It provides online trading of over-the-counter (OTC) derivatives such as margin forex, and contracts for difference (CFD).
Digital Media Mart, or DMM Group, consists of companies with licenses by the ASIC and Japan’s Financial Services Agency (FSA). Besides online financial services, the DMM group also offers through its subsidiaries a number of online-based services, including web marketing, online video streaming, online shopping, online gaming, English study programs, robot manufacturing, solar panels and 3D printing.
Source: DMM FX Australia
Autochartist is a welcome feature, that’s for sure! One of my favorite thing about it is the selection of minimum probability value. You can select, for example, 55% and the software will show you the patterns with total probability of 55% and up. Very useful indeed for every serious trader.