Autochartist
The powerful Autochartist pattern recognition tool monitors the markets on your behalf, automatically alerting you when chart patterns indicate potential dealing opportunities in your preferred markets.
Available free of charge within the PureDeal trading platform, Autochartist releases you from the complex and time-consuming process of scrutinising and analysing charts. It will scan your selections from our index, forex, shares, energies and metals markets, identifying chart patterns and Fibonacci patterns such as triangles, wedges, projections and retracements throughout the trading day.
You receive an audio or visual alert within minutes of chart patterns forming, enabling you to react swiftly and with the benefit of objective information to guide your decisions.
The benefits of pattern recognition with Autochartist
Chart pattern recognition theory has been widely used since the 1930s, and is regarded by many traders as a benchmark to gauge oversold or overbought levels in terms of market psychology.
Delivering over 3,500 trading signals per month, Autochartist enables you to benefit from chart pattern recognition without the years of study which were traditionally required to interpret chart patterns.
Autochartist's automated pattern recognition technology removes the subjectivity from pattern analysis and helps eliminate guesswork. Once chart patterns become complete, breakout strength or weakness indicators and projected Forecast Regions help you determine whether to take the entry trigger, and where to place profit targets.
Flexible features for all your needs
Autochartist combines a straightforward, intuitive web interface with a powerful range of sophisticated functions to satisfy the most demanding experienced trader.
This means that even if you are new to pattern recognition you can quickly get started using the default settings, which are designed to suit most users. You can then define your own custom search criteria, filtering for the type and quality of chart patterns relevant to your personal dealing style.
Autochartist will grow and develop with you as you gain experience. As well as being a potent dealing opportunity finder, it can act as a training tool to help you learn and apply pattern recognition skills. By strengthening your knowledge base, Autochartist helps you gauge and capitalise on market movements more effectively.
Autochartist in action
Our Chief Market Strategist David Jones has recorded a special online seminar to demonstrate the features of Autochartist and help you start using it to recognise chart patterns.
You can find Autochartist within the PureDeal platform - simply follow the link from the Tools menu. A comprehensive guide is also available to help you find your way around the software.
For a taste of the chart pattern analysis features available, download a sample article from Autochartist:
PDFs require Adobe Reader, which is available free from Adobe.