Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

Autochartist for MT4

What is Autochartist?

Autochartist is a powerful technical analysis tool that can support your MT4 trading​. Get it free when you open an account with CMC Markets.

Already a CMC trader?

  • Popular chart patterns

    Whether you're looking for channels, wedges, triangles, flags or other popular chart patterns, the inbuilt scanner tools help to identify statistically significant market movements for you, sending updates automatically.

  • Key support & resistance levels

    Let the scanner find and alert you to key support and resistance levels that can help you identify possible entry and exit points.

  • Fibonacci patterns

    Learning how to identify Fibonacci retracements, extensions, ABCD patterns, Butterfly and Gartley patterns just got a lot easier with built-in Fibonacci scans.

  • Volatility analysis

    Get statistical analysis of volatility over the last six months for specific instrument and time intervals, to guide potential trading opportunities for stop-loss and take-profit levels.

  • Alert notifications

    Like any trade opportunity, timely updates are important to perfecting any strategy. Never miss a trading opportunity with real-time alerts, 24 hours a day.

  • Fully customisable

    Filter the scanner parameters to receive pattern types and key levels specific to your trading strategy.

CMC- Markets MT4 Trading Platform - Terminal Screen

How it works

Autochartist's unique pattern recognition software continuously scans the markets to highlight thousands of trade ideas each month, saving you valuable time analysing your favourite instruments.

Receive alerts when the scanner identifies emerging or completed patterns on your preferred instruments and pattern types, providing real-time trading opportunities.

How to use Autochartist

Firstly, you need to open a CMC Markets MT4 trading account. Once you have logged into the MT4 platform, find the Autochartist tools within the navigator window. Select the Expert Advisors option within this window. Drag and drop the desired tool on to the chart. The advisor window will appear and be ready to use.

Wie Sie den Autochartist nutzen können

Identify trading patterns

The main window will appear in the bottom right of your chart, displaying a list of symbols with emerging and completed patterns. This window is fully customizable, allowing you to filter the types of patterns including common patterns, Fibonacci, support and resistance, display patterns across various long- and short-term intervals and indicate the number of historical patterns to be shown. This flexibility allows you to be alerted to the most relevant trading opportunities and then backtest them against historical patterns.

Chartmustererkennung mit Autochartist

Details window

When you open a pattern on to your chart, a details window will appear in the top right with further information, including the type of pattern displayed, the length and direction of the pattern and if it’s emerging or completed. This detail screen will also display a range of handy trend characteristics such as quality, uniformity and clarity.

Detailfenster Autochartist

Before you go…

Try a demo of our Spread Betting or CFD trading accounts on our innovative platform. Free of charge and risk-free with virtual capital starting from €10,000.