Saxo Capital Markets, the online multi-asset trading and investment specialist, has announced the integration of its platform SaxoTraderGO with Autochartist to make automated technical analysis tools and live trade signals available to Saxo clients in Australia.
Autochartist covers more than 50 currency pairs, including AUD/JPY, AUD/USD and AUD/NZD, 200 international stocks, the biggest indices, as well as the major commodities.
“With the integration of SaxoTraderGO with Autochartist we further enhance our range of analysis tools available to our clients,” said Ben Smoker, Saxo Capital Markets Australia CEO.
“For traders using Saxo’s platform, there’ll be no need to open other browsers, or run applications and third-party setups, in order to use Autochartist’s automated tools”, he added.
Autochartist’s advanced algorithms constantly monitor global markets and deliver live trade signals through a wide range of parameters based on technical analysis.
Each trade signal presents a simple overview of the underlying analysis and an automatically calculated entry price, take-profit target and stop loss that clients can trade directly in the platform as opportunities occur in the market.
Analysing the markets and finding trade signals using technical analysis is usually a time-consuming process and requires in-depth knowledge. This new tool integrated to Saxo’s platform lets technology do the work automatically and enables clients to cover and analyse the market across asset classes with much greater efficiency,” said Mr Smoker.
The depth of the integration of SaxoTraderGO with Autochartist allows clients to apply highly customisable filters to home in on opportunities aligned with their preferred asset classes and trading strategies, as well as alerting clients to important market events on their preferred assets.
Traders with experience in technical analysis can use the feature to cover more instruments and streamline market research. Traders less familiar with technical analysis can leverage Autochartist to enhance their trading strategies by including technical elements in the decision-making process.
This automated technical analysis feature was first rolled out in Europe in mid-January and is now available for traders in Australia. The service is free to access for all Saxo clients and will also be available to white-label clients later this year.