IG Markets Launches Autochartist Chart Pattern Recognition Tool


Following the trend of all brokers offering the Autochartist tool to their clients, IG Markets is doing the same.

In June 2009 GFT added Autochartist, in September 2009 it was eToro and in November 2009 it was Alpari UK. Something is working right at Autochartist as they seem to sign deals with many of the leading brokers.

Autochartist also lists CMS Forex, FXDD, Forex Club, Citi and InterbankFX amongst its clients.

This is the PR:

CFD Trading company, IG Markets is pleased to launch Autochartist, a chart pattern recognition tool that monitors the markets on your behalf. One of the greatest features of the package is that it has a straightforward, user-friendly web interface and plain English instruction manual, making it easy for clients to recognise chart patterns.

Key Facts:

  • Autochartist is a chart pattern recognition tool that monitors the markets on your behalf
  • Autochartist automatically alerts you when emerging trends indicate potential CFD trading opportunities
  • IG Markets is the first CFD provider to offer this technology in Australia

Autochartist offers a powerful range of functionality which traders can customise to fit their needs. Clients can create personalised searches to identify 16 different types of chart pattern, or 4 types of Fibonacci pattern. The technology can be used to scan all CFD markets that IG Markets offers including indices, forex, shares, energies and metals.

Mr Tamas Szabo, Chief Executive Officer, IG Markets says “We are thrilled to be the first CFD provider in both Australia and New Zealand to offer this seamlessly integrated web-based chart pattern recognition tool. Our evidence suggests that CFD and forex traders are particularly keen adopters of charting analysis, and this tool should be of great benefit to them. Autochartist is available to all IG Markets clients, free of charge, on our award-winning PureDeal platform.”

“One of the greatest features of the package is that it has a straightforward, user-friendly web interface and plain English instruction manual, making it easy for clients to recognise chart patterns and use them to guide their CFD and forex trading decisions, even if technical analysis is unfamiliar to them. The technology can also alert you when emerging trends indicate potential trading opportunities in your selected CFD or forex markets, hence providing the benefit of freeing clients from the time-consuming process of scrutinising and analysing charts.”

With the help of Autochartist, clients can:

  • Anticipate and react to the elements of trend, support and resistance patterns
  • Use emerging patterns to take a proactive approach to dealing
  • Identify the best pattern alerts using Quality Indicators
  • Capitalise on indecision and confusion in the markets by interpreting non-trending patterns.

“IG Markets is committed to offering clients the very best trading tools to help them with their CFD and forex trading, consistently offering great value through market-leading software and quality pricing. We are thrilled to be able to launch this exciting new feature,” Mr Szabo said.

About IG Markets

IG Markets specialises in financial derivatives, principally Contracts for Difference trading (CFD trading) on over 7,000 global share CFDs, along with indices, forex, commodities, options, binaries and more. IG Markets is part of the IG Group, a UK FTSE 250 member with over 75,000 active clients worldwide. For further information please call 1800 601 799.

Remember that CFDs and forex are leveraged products and can result in losses that exceed your initial deposit. Trading CFDs and forex may not be suitable for everyone, so please ensure that you fully understand the risks involved. Please consider our PDS before you enter into any transaction with us.

TAGS: , , , , , , , , , , , , , , , , ,

Related posts:

More information on this subject is found in the latest Forex Magnates Quarterly Report

Comments are closed.

We do not store your information and we do not disclose our sources.

Leave your name/email (not required) if you'd like to be contacted about this story (will not be disclosed):

Digital Currencies

Expert Articles

Startups & New products

Perianne Boring, Founder, Chamber of Digital Commerce

Bitcoin Picks: Negative Feedback to BitLicenses and Is Dogecoin Doomed?

Last week’s bitcoin news was headlined by an announcement from the New York Department of Financial Securities (NYDFS) that it had created proposed guidelines for...

BTX Trader Launches ‘Celery’ Marketplace to Increase Bitcoin and Dogecoin Adoption

Joining the ranks of digital currency marketplaces is a new site called Celery.  Created by the team behind the multi-exchnage trading platform BTX Trader, Celery...

IdentityMind announces Safe Harbor Certification, expansion of AML solution to Europe

IdentityMind (IDM) Global, a Bitcoin-focused anti-money laundering (AML) and risk management solutions provider, has announced their expansion to Europe. IDM’s solutions are come at an opportune time as...

More Digital Currencies


EMIR Q&A – Necessity Or Tool For Clarification?

Legislation would be even more verbose if it needed to include all of the practical advice, which firms need to develop an implementation plan. The...


Is it Ethical to Make Trading Profits from Violence Around the World?

Yes, it’s fine. Right now, we’re facing renewed tensions in Palestine/Israel, and a new Cold War sits out there like a pending order in the...


Technological Innovation Eroding MT4's Monopoly?

MT4 is quite powerful; it includes many settings and indicators and can offer traders many weeks of indulging yourself with technical analysis - however, these...

More Expert Articles

New Product Spotlight

ig labs api

IG Opens API to Public Development, Launches IG Labs

IG Group has been busy today as earlier they released the Full Year financial results to the public. Following the earlier news, they are also now launching IG Labs live today. IG Labs is a developer portal providing access to …
Read more


Sneak Peak: Beta Version of the ONYX Multi-Broker Trading Platform Reviewed

A multi-broker account aggregating platform which is aiming to provide easy cross-broker account management, a “true pricing” mechanism and some ways to provide traders with interactive communication tools.
Read more

More Startups & New Products

Forex Research

Recent Comments

Note: Copyright © 2014 Forex Magnates. All rights reserved.

All materials contained on this site are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of Forex Magnates. You may not alter or remove any trademark, copyright or other notice from copies of the content. All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you.Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Once your submit any email address to us whether through comments, newsletter subscription or otherwise we may periodically send you email updates and/or proposals from select sponsors - you may unsubscribe from this list any time.
Opinions expressed at Forex Magnates are those of the individual authors and do not necessarily represent the opinion of Forex Magnates or its management. Forex Magnates has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur. Any opinions, news, research, analyses, prices or other information contained on this website, by Forex Magnates, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. Forex Magnates will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

©2014 "Forex Magnates Inc. - Home of the Forex Elite" All Rights Reserved.