A look at PatternGraphix from InstaForex
Graphical pattern indicators are an integral part of the modern-day trading that offers plenty of technical solutions. An investor who has gotten used to seeing images on a trading platform should be able to recognize patterns easily.
The future market movements can be predicted with the help of patterns. However, some traders may find it difficult to get a grasp of the complex picture that involves numerous trading instruments, open deals, and big trading volumes.
To make it easier, traders apply graphical pattern indicators that provide signals about formation of one or another graphical pattern automatically. Graphical patterns, in turn, can indicate a pullback, for example.
Nowadays, a plenty of various solutions are offered. In such a wide variety, the PatternGraphix indicator by InstaForex is one of the most accurate and user-friendly software kits. This indicator recognizes technical analysis patterns on a chart automatically and provides timely notifications about formation of new signals.
PatternGraphix has a great range of functions and can become an indispensable assistant in simplification of the routine graphical analysis.
Functional kit
PatternGraphix is a MetaTrader 4 application that enables its users to recognize the most frequent graphical patterns and candlestick models on a real-time basis, thus relieving them of the necessity to monitor the market constantly.
This software provides all necessary settings for creation of a user-friendly layout. In particular, theme colors and notification methods can be adjusted.
An optional expert advisor is intended for timely recognition of patterns on a chart and formation of entry signals. In other words, the main purpose of expert advisors is to help investors in their daily trading.
When a new signal is generated, PatternGraphix sends a notification that includes a type and description of the defined pattern. So, traders can keep track of the market conditions non-stop.
What is also important, a large number of candlestick patterns can be defined with the help of PatternGraphix. It helps to eliminate a human factor, as traders often leave some candlestick formations unnoticed.
Distinctive features of PatternGraphix
Unlike other overladen indicators, PatternGraphix app by InstaForex has a straightforward and user-friendly interface as well as a calibrated functional kit. For those who want to skip routine settings adjustment and get rid of unnecessary functions and tools, PatternGraphix is a perfect solution.
What is more, this app is integrated in MetaTrader 4. The notification system of PatternGraphix is well-arranged. Messages pop up on top of other windows. Besides, there is a function of sending push notifications. This function enables users to react to signals promptly, switching to the MT4 chart directly via a shortcut link.
Thanks to fine-tuned settings of PatternGraphix, users can apply the following options of the indicator that can be customized:
·search and recognition of patterns
·alerts (if allowed)
·filtering of desired patterns
·trend continuation patterns
·reversal patterns
·channels and lines
·configuration of notifications
·displaying of patterns description on charts
·displaying of pop-up alerts in a trading platform when some changes occur (e.g. a new pattern is formed, a key level is broken, etc.)
·sending of push notifications to Android/Apple smartphones
·email forwarding from a trading platform
PatternGraphix is available to every client of InstaForex for free.
To sum up
For many traders PatternGraphix can become a good alternative to the software they already use. At the same time, those who employ a graphical pattern indicator for the first time can find PatternGraphix to be a really useful tool as its interface is coherent and simple.
The functional kit of PatternGraphix provides a sound basis for full-scale trading.
To conclude, let us provide you with a piece of advice: you'd better not rely on trading signals entirely but form a clear view about the market situation.
This article was submitted by InstaForex.
