Autochartist this is a new development of programmers, also created for convenient and effective trading. Its feature is that, that the program automatically detects trends on the chart, their beginning and end, technical analysis channels and figures. Determines the degree of quality of the patterns, the moments of entry and exit of transactions and able to notify the appearance of such a sound signal, which makes it possible not to be constantly near the monitor.
Using this program, you can select the market. This is FOREX, INDEX, NASDAQ, NYSE, AMEX. And on each of them, Autochartist can notify the trader in advance of the opportunities, which have more potential. To select all the required data, you just need to go to the settings and select the required tool and the desired interval.
Further, fully selecting the necessary conditions for trading, just flip through the following tabs after "symbol".
In the "features" tab, select the direction of the trend, on which you need to make transactions. Also the duration of the trend and its length, which is expressed by the number of candles.
Attention should be paid, that the quality tab plays a crucial role. The lower the quality of the figures, the more often their appearance signal will sound. And vice versa. The higher the quality is, the less often figures will appear. But the probability of working off will be high.
And the last step. These are templates. In this tab, you just need to select those shapes, which are preferred.
Then, after selecting all the required parameters, the desired picture appears with the price and an obvious figure. Rest, as they say already depends on the trader. Having received a signal from the program, it only remains to make a decision, open an order or not.
At first sight, it could seem, that this program is very convenient. Yes, This is true, but its uniqueness is its drawback. Autochartist is only for those, who uses technical analysis figures in their strategy, and only for those, who trades intraday. Unfortunately, it makes it impossible to conduct the trading process differently, even having a daily time frame, technical analysis is not enough to, to open long-term orders. Therefore, first of all, the analytical program Autochartist will be useful for day trading..
Author: Roman Abelyashev
