Forex broker AxiTrader has launched the Autochartist plugin for the MetaTrader 4 (MT4) forex trading platform, which allows automated technical analysis. The new plugin, developed by analytical platform provider Autochartist, is available to both UK and Australian customers.
AxiTrader’s customers can use Autochartist, including its advanced charting and automated technical analysis tools, completely free of charge.
Autochartist provides the first market scanner for the MT4 platform. Autochartist scans the market for trading opportunities and evaluates the highest probability of success by using performance statistics. It then automatically collects the information into a single chart and presents it to investors. By being able to look at symbols and time periods on a single chart, rather than switching between a few different charts, traders also save valuable time. The plugin, which is available in 11 languages, also provides volatility analysis and historical six-month performance statistics.
Autochartist services 45 of the largest online brokers, market makers and educational institutions and is used by more than 50,000 traders in over 80 countries across the world.
AxiTrader is a forex and contracts-for-difference (CFDs) broker. It is the brand name of AxiCorp Ltd, authorized and regulated by the UK’s Financial Conduct Authority (FCA) and the Australian Securities & Investments Commission (ASIC). The broker’s clients can also benefit from other trading tools, including an economic calendar with upcoming forex news and events and a forex virtual hosting service, ForexVPS, available from external third-party providers, as well as Signal Trader automated trading service (available for Australian customers only).
MT4, available both as a desktop and mobile application and, since September, as a web version, is the worlds’ most widely-used trading platform. 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. Traders can download ready-made or create their own trading robots (Expert Advisors, or EAs), scripts and custom indicators in the MQL programming language.
Source: Axitrader.com
