New Zealand based BlackBull Markets has added the popular analysis tool, Autochartist, to its offering. Users can integrate the software for free with their MetaTrader 4 or MetaTrader 5 accounts. Read on for the details.
How Autochartist Works
The user-friendly tool uses powerful pattern-recognition technology to scan stock, forex, commodity and crypto markets, among others. Operating around the clock, traders receive an alert when a trade that matches their parameters has been identified.
The solution can be used to alert investors to key support and resistance levels, Fibonacci retracements and extensions, spikes in volume and volatility, plus suitable stop-loss and take-profit levels. The intuitive software can also read and identify multiple charting patterns, from channels and wedges to flags and triangles.
In addition, the Autochartist plugin provides feeds of technical and statistical events, analysis of major news events, plus blogs with trading insights. All of these features can be accessed directly within the MetaTrader terminal.
Autochartist is free to all live account holders at BlackBull Markets. To help get traders started with the new tool, the broker has published a series of articles on its website with tips and setup information.
About BlackBull Markets
BlackBull Markets is an ECN broker headquartered in New Zealand. Over 300 tradable assets are available spanning forex, CFDs and commodities. Traders can manage their accounts and execute positions via the popular MetaTrader 4 and MetaTrader 5 terminals. Both of which are available as a free download to iOS and Android devices.
BlackBull Markets is regulated in various jurisdictions, holding licenses with the New Zealand Financial Markets Authority (FMA) and the Financial Services Authority (FSA) of Seychelles. The broker offers raw spreads on major currency pairs starting from 0.2 pips with commissions from $3 per lot per round turn. Leveraged trading is also available with rates up to 1:500 for account holders.
BlackBull Markets is a trusted online broker with a generous selection of trading tools. Its new addition in Autochartist will be welcomed by investors looking to employ the latest technology to identify market opportunities.