Tadawul FX, the European licensed and regulated investment firm, has enjoyed great success within the forex industry since its establishment, further backed up by a record year in 2011, despite the financial turbulence in the markets. With a global trader base, the premium currency trading services offered by the company are now enhanced with this new addition to the tools it provides to clients, in line with the quality of service Tadawul FX is known for.

The Autochartist tool has the capacity to identify price chart patterns including head-and-shoulders, triangles and wedges on over 3000 trading instruments (Forex, Futures, CFD, Spread Betting and Equities).  Once a predefined pattern has been identified, the trader is alerted allowing a respective response to be taken in a fast and efficient manner and ensuring better trading opportunities and risk mitigation. The time efficiency offered by the tool makes it ideal not only for advanced users but beginners also, as it easily identifies chart and Fibonacci patterns.  Autochartist is widely known as one of the best automatic identification tools currently offered in the industry and claims an accuracy rate of 70% of price breakout and forecasts.

Offered to all live account clients at Tadawul FX for free, Autochartist is available either by plug-in to your MT4 platform or via the Web Application by drag dropping the script onto a chart. Either will result in a clear overlay of price targets and patterns, allowing the trader to make better informed decisions with increased speed and efficiency.  Autochartist is currently available in 14 languages.

Commenting on this latest tool offered to its clients, Stavros Yiannakou, Chief Executive Officer of Tadawul FX says: “At Tadawul FX, we are committed to ensuring our traders have the best tools available to keep them well informed on the markets  and help them trade as efficiently as possible. This latest addition to our trading services, following the launch of our successful Meta Trader 4 mobile trading applications, is again a key tool for our traders to quickly spot trends and trading opportunities they wish to invest in or opt out of respectively.”

The Autochartist service is available immediately for all live account clients with a balance of 50 USD or more and interested traders are invited to contact their Account Manager.