Can you provide a history for the trading success of Autochartist?
11 of August, 2010
It’s not possible to measure the trading success of Autochartist due to the fact that Autochartist does not stipulate when to open and/or close trades. Autochartist is not a trading system, but rather an opportunity identifier. The proof of the value of Autochartist lies in what you see. By showing you the pattern on a price graph, it [...]
Does Autochartist provide Risk/Return Ratios?
11 of August, 2010
Chart theory is not a trading system. It only provides and entry into the market (either long or short), but no exact exit time is provided. Therefore, it is not possible to calculate exact risk/reward ratios.
Where should I set my Limits and Stops?
11 of August, 2010
Autochartist is an automation of existing Chart Pattern Technical Analysis Techniques. Providing exact Stops and Limit levels is impossible. The theory of charting does not cater for this. Chart Pattern theory does however provide an expected range for price to reach. This is displayed visually on the Autochartist Application via the grey block on the chart. It however [...]
How do I trade Emerging Patterns?
11 of August, 2010
Charting theory states that the pattern should only be traded once a breakout has occurred; not prior to the breakout. The breakout is the confirmation of the Reversal or Continuation of the preceding trend. If one follows the theory, the Emerging Patterns should only be used as a “watch list” – a list of currency pairs [...]
General Comments regarding Technical Chart Patterns
11 of August, 2010
Almost all literature about Technical Analysis (both printed and online) has a chapter about Technical Chart Patterns. Refer to this literature to learn how to make Autochartist work for you. As with any trading tool there is no 100% correct way to trade it; chart patterns are notoriously subjective. In general, the longer patterns are [...]