Forex Traders Blog & Newsletter

QUEENSLAND, AUSTRALIA??”Oct. 20, 2006??”MetatraderTools.com announced today a deal to provide its Auto Patterns Charting Software plug-in for Metatrader? Forex Platform to Interbank FX of? Salt Lake City.

The Auto Patterns product uses sophisticated computer algorithms and neural networks to find and verify chart patterns. Chart patterns have long been used by technical traders as a core component of technical charting.

Auto Patterns scans the foreign exchange market across 13 currency pairs and six intra day timeframes to alert traders of? 14 potential chart patterns developing.

Auto Patterns is high-end pattern recognition software by Autochartist.com and developed under license for the Metatrader Forex Platform by international software company Metatradertools.com.

Interbank FX will? promote Auto Patterns to its existing and potential client base using the skills of International Trader and author? Raghee Horner. During marketing and training activities, Horner will further enhance the trading opportunities that Auto Patterns presents in conjunction with her trading techniques. ???Interbank FX is pleased to offer our clients the use of Auto Patterns Charting Software and the opportunity to work with Raghee Horner and her company? ez2tradesoftware.com,??? said Interbank FX Marketing Director Marilyn McDonald. ???Both new and experienced traders will benefit from Horner??™s integration of Auto Patterns into her trading tools and the result will be better trading opportunities and decisions for our customers.???

About Metatradertools.com Metatradertools.com is a supplier of third party software to the Metatrader forex trading platform and a forex information portal for active traders. For more information about the company please visit www.metatradertools.com.

About Interbank FX Interbank FX (www.interbankfx.com) is a Futures Commission Merchant (FCM), registered with the Commodity Futures Trading Commission and a member of the National Futures Association (NFA). Interbank FX has customers in over 120 countries. Interbank FX offers individual traders, fund managers and institutional customer??™s proprietary technology and a revolutionary approach to foreign exchange trading. Interbank FX customers execute directly from a streaming quote feed, not from a dealing desk that trades against its customers. Interbank FX also offers one of the only automated trading platforms in the world. Customers can program their own algorithms that will automatically enter and exit trades based on their trading strategy. Interbank FX Wireless provides customers the flexibility to monitor, modify, execute trades and receive alerts anywhere in the world. Through Interbank FX??™s partnership with leading worldwide institutions, traders have access to liquidity from 1,000 to 10,000,000 of the base currency with one click execution. Customers can trade micro, mini and standard lots. Interbank FX is committed to maintaining the highest standard of service that enables customers to focus on trading opportunities in the Forex market while limiting their margin and liquidity risks.

About Autochartist.com Autochartist.com is a technology company that is focused on providing traders and investors with solutions that transform highly complex problems into valuable information resources. Real time pattern detection, identification of emerging patterns, and sophisticated delivery mechanisms currently make Autochartist the undisputed global leader in chart pattern identification. More information about the Autochartist service is available at www.autochartist.com.

Hello everyone,

In this weeks review we look at USDCHF daily chart.

Many traders I know who trade in Forex appear to be relatively short term traders.? They buy and hold for a target of pips, some 10, 20 or perhaps a little more, but a lot do hold for reasonably short time frames. It then seems strange to many that when suggesting they review a longer term chart it seems contrary to their ultimate goal. (more…)

It is our pleasure to introduce a new guest writer to our blog today, another Australian trader, author and teacher, Stuart McPhee. I recieved an email through a list I signed up to that had Stuarts website on it and I was thoroughly impressed by the content he is building and the ezines and articles he has on his site. The traders Journal available for subscription (trial copies free) is one of the best quality journals I have read for a longtime and I urge readers to try the test subscription on his site at www.trading-plan.com .

Welcome Stuart to the world of Metatrader Forex and we look forward to many more articles of the same quality you have presented in your first two here today.

Regards
Chris & Pavel
Metatradertools.com

I recieved this story in a email from Alan’s Australian Stocks review list which I thought was great and wanted to share it with you even though it is about a stock and not forex, it is a great story of the relevancy of Gann, enjoy and thanks Alan

Hello everyone, I wanted to share something with you that I found demonstrates the absolute conviction I hold that the work of W.D.Gann is not only relevant today, but also essential for anyone who wants to make serious money from trading liquid volatile markets.

(more…)

www.metatradertools.com

Trading High Probability pattern Setups has always been at the heart of discretionary trading.

This month we release Auto Patterns software to the Metatrader Forex market. Metatradertools.com have developed the chart plugin to this software and have obtained exlcusive Metatrader marketing licence.
Auto Patterns is from South African software developers Autochartist at www.autochartist.com.

Auto Patterns is the most sophisticated pattern software on the market and has been 2 years in development. We were not surprised to find forex market heavyweights such as FXCM, Forex.com & Prophet Net making this software available to their clients also.

The software is based on two components, the Analysis Window that displays all the patterns emerging and breaking, continuoulsy scanning the market for chart pattern setups. Secondly the Metatrader on “chart display” of both the emerging and breakout patterns with Target price projection.

Auto Patterns is available for a 7 day free trial (folllow subscription order process, charge is only debited to your card or Pay Pal acount after 7 days if not cancelled) and all traders looking to improve their probability of success must take this for a test run. Never before will you have seen so many prequalified setups available for further analysis

For part time traders if you trade before or after your day job, Auto Patterns offers plenty of prequalified trade setups to improve your trading and better utilise that time.

A full list of benefits and features is available at www.metatradertools.com/auto-chart-patterns.shtml

A special limited time introduction offer is availble to readers who take up the offer this month.

www.metatradertools.com