Saxo teams up for auto analysis tool

Saxo Capital Markets partnered with a stockbroking software provider to incorporate automated technical analysis tools and live trade signals into the SaxoTraderGO platform.

The integration of SaxoTraderGO with the Autochartist will allow users to apply customisable filters to their preferred asset classes, and receive daily market snapshots and high impact economic news alerts.

"Analysing the markets and finding trade signals using technical analysis is usually a time-consuming process and requires in-depth knowledge," explained Ben Smoker, Saxo Capital Markets Australia chief executive.

"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."

Autochartist features also include access to performance statistics on previous forecasts, the ability to watch all currencies and time periods from a single chart, and the automatic plotting of charting patterns and key levels on a client's MetaTrader 4 platform.

Autochartist first was established in 2004 rolled out in Europe in mid-January. The platform was adopted by Australian-based brokerage forex and CFDs trading company Blueberry Markets and retail forex broker AxiTrader late last year.

The service will be made available free to Saxo clients, and will also be available to white-label clients in late 2017.

Read more: AutochartistAxiTraderBen SmokerBlueberry MarketsEuropeMetaTradermid-JanuarySaxo Capital Markets Australia
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