How does OctaFX's Autochartist work? How can I use it? Table of Contents
Receive Trading Signals from Autochartist
Autochartist is the world’s most advanced automatic pattern recognition tool, providing technical analysis of multiple asset classes.
There are more than one thousand trading signals every month, which allows novice and professional traders to continuously scan the market through Autochartist to obtain fresh, high-quality trading opportunities, which can significantly save time.
Trading signals are recommendations to buy or sell a certain trading tool based on chart analysis.
The main idea behind the analysis is to indicate the direction of the next price based on the cyclic law.
Get Access to OctaFX’s Autochartist
How does Autochartist work?
Autochartist scans the market 24 hours a day, 5 days a week, to search for the following graphic patterns:
- Triangle
- Channel and rectangle
- Wedge
- Head and Shoulders
Autochartist compiles email reports at the beginning of each trading session to predict the trend of the most popular trading tools.
Autochartist market reports are sent 3 times a day, at the beginning of each trading session:
- Asian Session-00:00 EET
- European Time-08:00 EET
- US Session-13:00 EET
Market reports are price forecasts based on technical analysis and are sent to your mailbox three times a day. It allows you to adjust your trading strategy at the beginning of each trading session according to market expectations.
Can OctaFX’s Autochartist really help your trading?
Autochartist market report is a convenient way to automatically identify trading opportunities without time and energy consumption.
All you have to do is check your email and decide which trading instrument you need to trade today.
In addition, it provides time-saving advantages in market analysis.
Based on trusted technical analysis theory, up to 80% accurate prediction, Autochartist allows you to increase your profits and avoid missing trading opportunities.
Go to OctaFX’s Official Website
With OctaFX, you can choose from MT4, MT5, cTrader trading platforms to invest online.
Go to OctaFX’s Official Website and find out more about features of each trading platform.
Comparison of OctaFX’s trading account types
OctaFX mainly offers MT4 and MT5 trading account types.
See the table below to know the difference between these trading account types
Account Type | OctaFX MT5 | OctaFX MT4 |
---|---|---|
Spread Type | Floating | Floating |
Minimum Spread | 0.6 pips | 0.6 pips |
Trading Commission | None | None |
Minimum Deposit | 100 USD | 100 USD |
Available Markets | 35 currency pairs + gold and silver + 3 energies + 10 indices + 30 cryptocurrencies |
35 currency pairs + gold and silver + 3 energies + 4 indices + 30 cryptocurrencies |
Maximum Leverage | 1:500 | 1:500 |
Minimum Trading Volume | 0.01 lots | 0.01 lots |
Maximum Trading Volume | 500 lots | 200 lots |
Execution Model | Market Execution | Market Execution |
Execution Speed | Less Than 0.1 seconds | Less Than 0.1 seconds |
Account Currency | USD and EUR | USD and EUR |
Margin Call Level | 25% | 25% |
Stop Out Level | 15% | 15% |
Hedging Strategy | Allowed | Allowed |
Scalping Strategy | Allowed | Allowed |
Use of EAs | Allowed | Allowed |
Swap Points | None | None |
Cryptocurrency Trading | Available | Available |
Sign Up Link | Open OctaFX MT5 Account | Open OctaFX MT4 Account |
Open OctaFX’s Account for free
Please check OctaFX official website or contact the customer support with regard to the latest information and more accurate details.
OctaFX official website is here.
Please click "Introduction of OctaFX", if you want to know the details and the company information of OctaFX.
(Forex Broker)
Comment by Diletta
March 26, 2024
Awesome bonuses, good leverage. A few hiccups, but support rocks!