LeapRate has learned that Australia’s leading retail forex broker AxiTrader has made a further investment in offering advanced charting and automated technical analysis tools to it client base, via an expanded partnership with Autochartist.
AxiTrader has launched a new Autochartist MT4 Plugin, bringing Autochartist’s market scanner directly to the MT4 platform, saving valuable time for traders by allowing them to watch all symbols and all time periods from a single chart.
Autochartist software continuously scans markets 24 hours a day, and automatically recognizes trade set-ups based on support and resistance levels. It helps traders save time identifying profitable trades, choose appropriate instruments to trade, make a better assessment of risk and volatility, and set stop loss or take profit levels based on statistical information.
To promote its new Autochartist functionality, which is available free to all AxiTrader (Australia) clients, AxiTrader is also offering a USD $100 trading credit for certain clients which trial the product.
AxiTrader has been investing recently in research-related services to its clients. Beyond the Autochartist MT4 launch, AxiTrader recently added high profile currency analyst Greg McKenna as its new Chief Market Strategist.
More on what Autochartist does can be seen in the following video: