Forex Price Action Trading with Innovative New Charting Features and Trade Automation Enhancements
Readers of Steve Nison’s book ’Beyond Candlesticks’ will be able to apply new charting methods onto the Metatrader 4 trading platform. Ideas discussed on the book can directly be applied with the newly launched ForexChartistry package.
Singapore, March 5th, 2013 — ForexChartistry.com releases new charting capabilities and trade automation enhancements to the Metatrader 4 (Mt4) trading platform. Mt4 traders can now enjoy access to charts like line break chart, renko chart, kagi chart, and lastly point and figure chart. These newly introduced price action charts are fully integrated with Mt4 charting software and the package also comes with their respective trade entry and exit automation.
The release of Forex Chartistry charting and trade automation package will improve forex price action trading. The newly introduced charts will only plot values on the charts when there are market movements. They work differently from the OHLC charts or time-based found within the standard charting package in Metatrader 4.
Forex Traders who use one or more of the charts listed below and wish to automate their trade entries and exits based on signals generated from these charts will tend to benefit most from Forex Chartistry package.
Newly introduced price action charts:
- Line break chart ( also called price break chart )
- Renko chart
- Kagi chart
- Point and figure chart
Trade automation features include:
- Trading trendline breakouts or chart patterns on these newly introduced price action charts
- Automated entry on trend change signals
- Automated exit on trend change signals
- Renko trailing stop
- Automated entry on PNF breakout signals
The idea of creating a powerful charting package on Metatrader 4 came about from this book called Beyond Candlesticks by Steve Nison. Steve Nison is often called the ‘Father of Candlesticks’ who was the man that revolutionized technical analysis by introducing candlestick charting techniques to western traders back.
In this book published in 2004, Steve talks about new Japanese techniques for forecasting and tracking market prices and how financial traders can do to better at market-timing their investment trades. A charting and automation package on the Metatrader 4 trading platform was developed as a result so that readers can directly apply trading techniques learnt easily on the MT4 platform.
ForexChartistry package is specially designed for trading with forex price action on the Metatrader 4 with newly introduced charts as described in Steve Nison Beyond Candlestick book.
Click here for more information on forex price action trading.
Forex Chartistry package makes it possible for Mt4 forex traders to use specialized charts like price break, renko, kagi, point and figure charts on Metatrader 4 to forecast and track market prices. Forex traders will benefit from performing technical analysis with these newly introduced charts such that they could use these specialized signals to better market-time their investment trades.
The ForexChartistry package can be found at : http://www.ForexChartistry.com
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