Press Release Summary: MetaFX, LLC (also known as MetatraderTools.com) announces its release of Auto Patterns software for the Metatrader 4 (“MT4”) Server trading platform. The Auto Patterns software is a high-end pattern recognition software by Autochartist.com and developed under license for the Metatrader platform by software company MetaFX,LLC.
Press Release Body: MetaFX, LLC (also known as MetatraderTools.com) announces its release of Auto Patterns software for the Metatrader 4 (“MT4”) Server trading platform. The Auto Patterns software is a high-end pattern recognition software by Autochartist.com and developed under license for the Metatrader platform by software company MetaFX,LLC.
Chart patterns have long been used by technical traders as a core component of technical charting. Auto Patterns uses sophisticated proprietary algorithms and neural networks to constantly look for and verify chart patterns. Auto Patterns scans foreign exchange markets across 13 currency pairs and six different intra-day timeframes to alert traders of 14 different and major chart patterns developing.
The Auto Patterns software is based on two components. The Analysis Window displays all emerging and breakout patterns continuously scanning the market for chart pattern setups. In another window, the Metatrader Indicator Window displays both emerging and breakout patterns with target price projections.
The possibility of displaying forecasted chart patterns in the Metatrader Terminal application makes the AutoPatterns software a unique and powerful tool for traders. The Metatrader Indicator window will automatically display all patterns on the price chart and it will make exact predictions of future price movement. Auto Patterns also has flexible settings that allows the Trader to filter patterns by such parameters as Initial Trend, Breakout, Clarity, Uniformity and Volume.
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