Autochartist recognizes technical analysis patterns on charts, assesses them and predicts future market behavior, timely signaling you of any significant trends.

You can use this service to confirm your trading results as well as to develop your own approach to the market and your understanding of methods of technical analysis.

This service is free for all clients with live trading accounts. Clients with demo accounts can make use of a trial-version of the program in order to evaluate Autochartist's benefits.

To download the full version of the program you have to login:

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• The yellow lines are emerging patterns. If you move the mouse over these patterns, a popup will appear that has a number ending in .em.
• They blue lines are completed patterns. These have a popup with a number ending in .cp.
• The arrows represent either a bullish or bearish pattern (these again will have a .cp or .em) and they will describe WHICH pattern they refer to (for example, channel down).
• The single horizontal grey is the prediction line (where the price is expected to break through for completed patterns).

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  How to install the Autochartist plugin for MetaTrader 4

  To activate the Autochartist indicator for MetaTrader 4, you should:

  1. 1. Install and run the Autochartist stand-alone application. Type in your username and password, click "Remember Password" and then "Connect".
  2. 2. Make sure MT4 is turned off and install the MT4 plugin (During the installation, select the folder where your MT4 files are stored).
  3. 3. Open MT4 and make sure the stand-alone Autochartist is running.
  4. 4. Go to Tools > Options > Expert Advisors and make sure your settings are as the following screenshot illustrates:
  5. 5. Click "OK".
  6. 6. Look for Autochartist_ALPARI in your Custom Indicators (Navigator panel) and drag it onto a currency pair chart. Make sure to use a time frame supported by Autochartist (M15, M30, H1, H4).

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• Master chart pattern analysis by recognizing market stages
  All market fluctuations are the result of human emotions: fear and greed. Every skilled and experienced trader should know the market stages and perceive whether the fear or greed affects the market.
• How false breakouts can be reduced
  False breakouts represent one of the most sophisticated problems for traders. This article discovers how false breakouts can be reduced with the help of Autochartist.
• Support and resistance nuances of patterns
  Every trader should understand the market trend and know chart analysis to enter the market in proper time. Support and resistance levels are of great importance as they form patterns and therefore become the basis of chart analysis.
• Difference between reversal and continuation patterns
  There are 2 types of patterns to analyze: reversal and continuation patterns. A trader should know how to determine the features of both types.
• Understanding historical pattern tendencies
  Chart patterns are one — if not the oldest — methods of chart and price analysis traders use. In fact, the popularity of chart patterns continues to rise and that's for one reason: they work.
• Understanding Autochartist pattern result column headings
  The chart pattern results of Autochartist are accompanied by a number of headings that give the trader insight into the quality of the pattern. Each of these headings should be studied.

• Autochartist is a trading assistant that scans online trading information and alerts you to trading opportunities. It is not a trading system; it is a program that enables you to systematically look for trades.
• 1. Autochartist alerts you to trades every 15 minutes. You can use these alerts to begin your market-cycle analysis.
• 2. Autochartist will continue to alert you to a pattern as it develops; these alerts are called "re-alerts" or "continuing alerts" If the pattern changes to the point where it is no longer valid then Autochartist will not re-alert you.
• 3. When you start using the program, it is crucial that you set up the search criteria: your search tabs must include your preferred symbols and intervals.
• 4. Сhart patterns are simply dynamic and static lines and levels (support, resistance, trend lines) that come together to create a pattern.
• 5. Good alerts rank high in the Uniformity and Clarity columns.
• 6. Positions can be opened and closed in your trading platform only: MetaTrader 4, Systematic and Alpari Direct.
• 7. Both "continuing" patterns and "reversal" may develop differently from the way it was forecasted. These are simply likelihoods based on the patterns, trends, and other price actions that Autochartist analyzes.
• 8. Complete Patterns are patterns that have broken or "triggered", while Emerging Patterns are patterns that are still developing. To use your time wisely, refer to the Emerging Patterns section to be proactive about trade entries and refer to the Complete Patterns section to get assistance with trade management.
• 9. Autochartist identifies chart patterns using an agreed computer algorithm which reads profitable and unprofitable patterns in due time.
• 10. You can enter the program using your investor password.

Daily Forex Update: AUD/USD

26.07.2010 12:12

The area from 0.8950 to 0.8970 continues to put pressure on the bulls as the Australian Dollar holds onto its gains from the past week against the U.S. Dollar in the AUD/USD pair. The Aussie Dollar and the commodities sector move in strong correlation, and with the Dow Jones higher today, commodities are rallying - which keeps sentiment bullish on the intraday AUD/USD. The current ceiling at 0.8971 is also near the 200 period simple moving average on the daily time frame which will present significant resistance.

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Weekly Forex Update: EUR/JPY

27.07.2010 14:30

After breaking through the downtrend line resistance of a Falling Wedge pattern at 110.00 (E) on the daily chart, the EUR/JPY has rallied to prior resistance between 113.30 and 113.40-well shy of the Autochartist Forecast area between 115.07 and 121.75 (F). The likely reason for the stall that came after the pattern reversal higher is the current market cycle, which still shows a strong eight-bar Initial Trend reading. This suggests there is still a strong downtrend on the daily chart; add to this the weak, two-bar Autochartist Breakout reading, and it seems the low bullish momentum that accompanied the pattern break was simply not enough to immediately push the EUR/JPY pair higher towards the Forecast area above.

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