 Hello, everyone. Can I get a quick sound check to make sure that everyone can hear me? Okay, hello, good. All right, I'm getting a few hello's there. Thank you. Okay, so sorry that the presentation is running late. There was a total mix up with the times. We thought it was in 45 minutes time from now. So apologies to everyone. I hope to make it up to you. So firstly, let me try and share my webcam. I am in a absolutely terrible lighting area. And but I'll show you that I'm real and I'm here and this is not a recording. So so here I am. Hello to everybody. Just at least, at least you know that I am here. I don't know why the lighting is so bad today, but it will do this without without without lighting without webcam today. So first, before we get going, I want to give you a quick disclaimer then I'll tell you about who I am and what we're going to do today. So a quick disclaimer is trading financial products such as CFDs on margin carries a high degree of risk and is not suitable for all investors. So losses can exceed initial investment. Please ensure you fully understand the risks and appropriate care to manage your risk. Okay, so that's the disclaimer. We'll get the legal out the way and let's get going with the webinars. What I'm going to do is I'm going to share my screen. Give me one moment to do that. Okay, I hope that everybody can see my screen is can I get a little okay that you can see my empty fall. All right, good. Okay, so what we're going to be discussing today is really an overview of the auto charges product. What are the first thing I want to say to you is that I'm not trying to sell you anything here. And the auto charges product is available to you for free, including your tick more live funded accounts. Right. So this is not a sales pitch. You can put your guards down the security and informational webinar. And so do you know who I am? My name is Ilan Asbel. I am currently the CEO at AutoChartist. I was one of the founders of the company over 15 years ago. I have a background in trading. My degree is actually many, many years ago over 20, 30 years ago, mathematics and computer science. Then I went quite heavily into trading. I used to trade a lot of stocks still trade quite a bit. So you can ask me questions, not only about the auto charges tool, but also about trading itself. What we'll be doing today in today's webinar is very simple, a quick overview of what the what the auto charges product does. And, and then in the next webinar event will be going into more detailed analysis of the of the usage. So for today, we'll be focusing on a general overview of the product and what to click in order to get running. So if you, well, firstly, I'm not going to show you this first step, which is to get that thing installed. But if you go to the tick more website, there'll be an installer and link to install the auto charges application. And once you go through a very, very basic kind of next, next, next process, you'll get this expert advisor in the bottom left of your screen. And you can see this expert advisor in the bottom left of the screen over here called auto charges. Not many traders are a little bit concerned about dropping this onto their chart, because they think expert advisors always trade on your behalf. This is not the case with auto charges. The reason it's an expert advisors there because we use some some interesting technology that metatrader has built into the platform that we can only do through expert advisors and not through indicators. And that's interesting functionality is what I'm showing you on screen right now. It's the ability to scan the market. Okay, now, if you notice that I have a euro USD for hourly chart available, but auto charlist itself is actually showing me available trade setups across all the instruments in the market. Right. So not only your USD, but USD cats was Frank, GBP, Kiwi Yan, etc, etc. And more specifically, auto charlist scans all the instruments you have in your market watch list on the top left hand side. Okay, so for example, if we take this, we see this NZD JPY example that we have here in the market, right NZD JPY, if I don't want that to come up. All I would do is I would remove that instrument from my market watch list because it means I don't trade it. And the next time I drag and drop auto charlist onto this chart at the NZD JPY opportunity will not be there. Okay, so what think about what we've actually done here. So what we're doing is we're scanning the market for trading opportunity or trade setups. And we're doing it without having a million little chart windows open run. I've seen some traders trading with, you know, four, sometimes six, sometimes eight or 12 little charts, time little charts where you can't even see what's going on. Trading with all those kind of things on their, on their, on their meta trader, it makes it absolutely impossible to use. So what we're doing here is we're actually scanning the market without having multiple windows. And let's see what exists in the market right now for us right so let's look at the Canadian dollar. Okay, so this is quite interesting notice what I did is I clicked on USD CAD H1 I clicked on the little view button over here. Notice that my charts change from your USD H4 to USD CAD H1. And we can see what's going on in the market right now. So what we've got is auto charlist has drawn us going with this out the way has drawn us some support and resistance levels. So between which USD CAD is actually trading. Right. And so I'm going to bring up my little drawing tools over here. And what I'm going to do is I'm actually going to explain what these levels mean. Notice how the chart of USD CAD has been moving between these almost parallel lines. And that's how we call that a rising wage right not a rising channel because not really channel they kind of converging. So it looks like a wedge that's rising. What auto charlist is telling us is that the price of USD CAD has been rising between these two, what we call support and resistance levels. And you're going to see one or two lines like this and everything around auto charlist. I'll show you one or two exceptions to that but a lot of things have got to do about overboard oversold level so the markets really work in around psychology. Right. So keep on hearing things like markets ecology markets ecology when is something too expensive when is something too cheap and you hear the same words when you when people trade effects when people trade currencies futures whatever whatever you want. When is over supply. The price goes down where there's more demand than supply and the price goes up. You probably experienced the same thing if you've ever bought yourself a house right sometimes if they say it's a sellers markets. Sometimes they say it's a buyer it's a buyer's market right that's the same thing just in a different financial instrument right these are called overbought and oversold levels. And so what we have here is the price. And I'm going to change my my pen color to just quickly highlight some of the stuff. What we have here is USD CAD going through oversupply to be too cheap. Then it's overbought and then oversold and then it's overbought. Right. And so we can see how this project fluctuating overbought oversold levels. And I'll explain this last bit to you in just a moment before I first I'm just going to go through a few examples. Let's look at a different example here. Let's look at this Canadian dollars was Frank example on each one. So if we look at this example here we don't get an overbought oversold level. So here what we're getting is simply a level that the price has been attacking. Oh well then actually shrink was chopped a little bit. It's been it's been hitting this level again and again and again over the last over the last little while right at the last few weeks or Let me highlight those those points to you. The prices hit this level here this level here. It's headed again here. It's kind of headed over here. And now what all the charges are saying to us that Canadian dollars was Frank on the hourly chart is approaching a resistance level. Right. So it's approaching this level over here. So notice that this little icon on auto charges is actually not colored. It's not red or green. It's gray, which means that the price has not yet broken through that level. If we go back and we look at this USD cat example over here. Notice how the price has actually broken through the support level. Now what we're saying here is that according to the theory of technical chart patterns. We believe that the trend has now changed. It was an upward trend. Clearly right in USD. And now potentially there's been a downward breakout with a target towards this gray area. Right. Give me one moment. So now and you can see now you're probably wondering what this big gray block is that all the charges came up with. This is this target this target area where we think the price is going. So now I want to come back to what is auto charges. I'm going to take a step right back because I've shown you briefly what it does. And now I want to I want to tell you that auto charges is nothing new. It is not a it might be a brand you've never encountered before in the form of this word auto charges. But the theory of chart patterns goes back to the 1930s. It was originally called Dow theory, Dow market theory you can do with that, or more recently in the last kind of decade or two, it's been phrased as technical chart patterns. And that's all about how prices fluctuate between overboard oversold levels. And then when they have a breakout through a support or resistance line. The theory provides us a target region of where the price is going. Okay. And so, with that in mind, let's go through a few more examples of the kind of things that auto charlist identifies for us. So let's look at this USD CAD example. I'm going to click on USD CAD. And now you can see that we initially had a USD CAD example that rising wedge it was a very big wedge over here. Now I click on this USD CAD support. And we can see what's actually happened. Oh, when auto charlist identified this an hour ago or two hours ago. It was still hadn't broken out. Now it's actually broken out through the price. And I'm guessing here that auto charlist actually going to have a red arrow it probably the next in the next few minutes show that there's been a breakout through this line. Let's look at this GBP, GBP USD example. So this is a slightly different example. In this example, auto charlist has identified what we call a big movement, right? A big and you can see clearly that it's done exactly that and it's done it very, very well. It's actually picked up the fact that the pound has dropped a significant amount down to current levels, right? On this hourly chart, right? It's the hourly chart. In this kind of trading opportunity, what we're saying is that the pound has moved excessively an excessive amount compared to its normal movement, right? So in fact, if you have any knowledge of statistics, what we're identifying is movements which are within the 98th percentile of all previous movements in the last, I believe it's 600 or 1000 candles, right? So if you look back in the history of pound USD, this kind of thing happens very, very rarely. Now, there's two schools of thought, of course, on what this says to you. The one school of thought says the trend is going to continue down. The other school of thought says that, oh, no, it's moved down too much and we think it's going to go up now, right? Now, I'm not going to tell you, you know, obviously, I'm not going to dictate you which way I think it's going to go, but certainly there's two schools of thought in it. I'll give you my personal view again at the risk of skewing your opinions, but my personal view is that I believe in the fact that things in the market never go in one direction for a long period of time. Now, there's always this upward and downward movement in the form of market noise, right? So even if that you believe the trend is going to continue, right? So let me squash this thing up. Even if you believe that the price is going to continue in the longer term going down, there, I believe, I am a little bit controlling. I'll give that to you, but in FX, the cost is so low to trade that I believe it's possible to trade the very short term volatility, right? So it's real easy for some to say, you know what, I believe the long term trend is going to go down, but there is a possibility to trade the short term up and down volatility movements. So try to keep that in mind. It really depends on the style of trader that you are. Okay. Let me continue on a few more examples. Let's look at GBP Swiss Frank. There's one more example that I want to go through over here. GBP Swiss Frank on the four hourly chart. And what I'm going to do on this one is zoom in a little bit. And so this is the last kind of example that I want to show you here. And this is consecutive candles. Okay, so what auto child is saying to us here is that we've identified that the numerous consecutive bearish candles on town Swiss Frank, right? And we can see that we've actually done a pretty good job of identifying that. But just like the big movement identification. We only identifying situations in which there are an exceptional amount of consecutive candles that have moved in a certain direction, right? So what we're saying in this situation, one, two, three, four, five, six, seven consecutive bearish candles have occurred. And interestingly enough, if we zoom in even more, we can see that the latest candle on pounds Swiss Frank is actually bullish. The last four hourly candle is actually bullish. In the last 30 minutes it's bouncing up. Again, this is what I'm talking about around trading short term volatility. It's moved a lot. It's bouncing a little bit up. I don't know what it's going to go to in the long term, of course, but certainly in the short term it looks like it's moving up a rebound. Just a little bit. Well, I've been talking so much. I've got some questions coming up. So let me see if there's something that I could go to. Okay, I'm having some trouble with my, let me just close a few windows here. I've got too many windows open so I'm struggling to see the questions. Sorry, everyone. Let me just try and open this window a little more. Okay. Right. Okay, so there's a little bit of a confusion here around around what I said about about the Canadian dollar. So let me try and let me try and explain. Okay, so Louie, and let me try and explain that Canadian dollar thing to you again. So if I click on the Canadian dollar opportunity here. This opportunity is telling me is that the price is growing down towards this gray area. So we think it's a bearish opportunity down to 131 27. If I click on this support opportunity over here. It's also saying down because in the same way, the previous one had a breakout. In fact, also had a breakout. So in fact, both of these opportunities, let me circle them in my list here USD CAD and USD CAD over here. They're both saying of a terrible drawing with my mouth. Sorry about that. Both of them. Let me just say down, right? If you can actually see those arrows over here on those opportunities, what those arrows actually are telling you just to be clear from a trading perspective is that the prevailing current trend is down. That is what these little arrows actually mean to you, right? So I think that the direction is in is pointing in the same way. I hope that makes it clear, Louie. Thank you for asking that question. I think that because I was running late for this webinar was the time mix up. I might be rushing a little bit because my adrenaline is pumping a bit. I'm sorry if I went through that too quickly. So let me continue with a little bit more information about about about all the charts and what it does for you. Now, I'm sure many of you notice these blue lines on the outside of my charts. Okay, so those are not for Benatchee lines, right? Sometimes people think those are for Benatchee lines, they're actually not for Benatchee lines. And in fact, I think they're a lot more powerful than for Benatchee lines. Let me explain what they are. A very, very important part of trading is where you set your stop losses and take profit levels. Now, many people think that trading successfully is about market timing and timing your entries really well. I can tell you that the way in which professional trading houses trade their professional traders is by making them open random positions at random times and seeing what they do with the risk. I want to explain this to you that being a successful trader is about two things. It's about your market timing, your market entry in, but it's equally important to manage your risk and exit and time your exit. Okay, and so this, these lines on the outside show you expected market volatility. Right, so in this situation, we're looking at the USD CAD H1. So what it's showing us is the hourly expected trading range, the four hourly expected trading range, and the 24 hour expected trading range. Now, what does it mean expected trading range? Well, I'll tell you this, and I hope you've learned this already, that different instruments trade have a different amount of movement for different times of day. So if you look, if you're trading Euro dollar, for example, you're going to see a lot of movement during the opening of London and during the opening of New York, right? That's 8am or 9am London time and 8am 9am New York time. If you're trading Canadian dollar, you're going to see very much the same thing, but a lot more volatility during the opening of the US markets, right? So during the New York opening time, because Toronto, which is Canada, is also at the same time zone as New York. If you're trading Australian dollar, then you're looking at three volatile times. The opening of Sydney and Japan, London and New York, right? So four, but Sydney and Japan are kind of in the same within only within a few hours of time difference. And so what you'll find is that for different times of day, these lines expand and contract to show the expected volatility movement is changing for those instruments. So when looking at this, I can look at this USD CAD example, and I see that, okay, this is where it's going to trade in the next hour. So I can easily start thinking about not setting my stock losses way out of these lines. So I shouldn't be setting my stock loss up here if I'm trying to day trade, right? Let me move this pattern details thing out of the way. If I want to day trade, I shouldn't be setting it up there. Oh, excuse me, I just sneezed, which means I'm telling the truth. I'm not sure if you guys are superstitious, I am. If you sneeze on something, it means I'm telling the truth, right? That's what my grandmother used to tell me. So because why wouldn't I set my stock loss up there? Because this is a massive amount of volatility. And chances are, if I call it wrong, I'm only going to hit that price level in the next over 24 hours. So what I want to try to do is I want to try set that volatility within a reasonable amount of time. I want to say, okay, if I call it wrong, I want to exit my position in the next four hours or in the next one hour, right? So this is a more meaningful way to set your stock losses or even your take profits. Okay, I see that there's a question coming up. So let me quickly pause just to answer that question. Okay, so I see that. Harry Holm is also a question about how do I know that my auto jobs is working correctly? So if you drag and drop your auto child as expert advisor onto your chart, you will see that there is this window, this market scanner that comes up on the left hand side. That's how you know that auto child is working correctly. But just in case you want to know that. Okay, so I'm going to show you a slightly different version of this expected market volatility. And that's the second little indicator that gets installed in your auto charters at the same time as the market scanner. It's called auto charters to risk calculator. All right, I'm going to drag that onto the chart. Okay, and something like this comes up. The auto charters risk calculator. Now, I want to first I want to let you know that we will be doing an entire webinar session just on this risk calculator. But just for this overview, I'm going to give you a literally a five minutes explanation of what it does. If you've ever heard the words risk management. This is probably the most the most useful tool you ever encounter for risk management. Okay, let me show you what it does. You can see that I have a balance in my account of $138. Right. Now, what some of you do, let's say we want to go short on USD CAD, some of you do is you have this volume of one and you click sell at market with a volume of one. And then you go and trade a different instrument and you keep a volume of one and you sell, but you don't actually know how much money you're risking. So let me show you what we do with this risk calculator. First, I want to drag and drop it onto your chart again. Notice I have no lines on my chart. When I drag it onto my chart. An orange line comes up. An orange line comes up. Now, this orange line is where I'm going to tell my risk calculator that I want to set my stop loss. So let's say I want to go short on USD CAD. And I want to set my stop loss at this orange line. What I want to tell this risk calculator now is how much money I want to risk on this trade. So I want to risk $10 because I have $138 in my account. I want to risk $10, which in my opinion is even too much. But let's just say I want to trade risk $10. This risk calculator is telling me that I should only trade 0.06 of a lot in order to risk $10. So watch what I'm going to do. I'm going to click on new order. I'm going to set my stop loss. Let me just move this out the way. I'm going to set my stop loss to be 1.31771. And I'm going to set my volume to be 0.06. And I'm going to sell it market. So this is, well, I'm not sure if you appreciate this right now, but you will very soon. So what I'm going to do is that I have placed a position on USD CAD one hourly chart short with a stop loss around 1.3177. And I know that if I hit this level, I will risk only $10 of my capital. Okay. Now I'll show you the power of this in just a moment when I take the next example. But now check this out. Now I want to trade something else. Let's say I want to trade some obscure thing. Let's say odd CAD. Let's just say I want to trade odd CAD. Let me trade the four hourly odd CAD chart. Okay. Four hourly odd CAD chart. Now let's say I want to go short on this instrument. And I want to set my stop loss over here. Now I want to set my stop loss here. I want to go short. And I want to risk again only $10. Look at what it's telling me to set my position size at, right? So let's do that. Let's trade odd CAD short and set my stop loss to be 0.9102. And I'm going to set my position size to be 0.08. Sell at market. Notice what I've done. I have traded USD CAD on the hourly chart. I've traded odd CAD on the four hourly chart. And I've set on truly stop losses. Yet in both situations, I've only risked $10. This is an extremely, extremely powerful tool to make sure that you don't underexpose or overexpose your positions. Right? So you know how much you're risking. And when you're trading different instruments, you don't trade different amount of risks, a different amount of risk on your instruments. Okay. So I've been going for over 30 minutes. And I want to come back to one last thing back at the auto chart scanner. Because I'm sure there is one thing on everybody's mind in terms of the trade setups. And that one thing on your mind is probably which are the best trading opportunities. Okay. And I'm going to answer that question briefly. But I'm really going to answer it at the next webinar, hoping that you will join me at the next webinar. This is my little teaser. So auto chart is actually keeps track of the performance statistics of all the opportunities, right? And I'm not even going to show them to you now. I'm going to show you that you're there. I'll give you some homework to do. If you click on this little world icon and you select the performance statistics URL. You will actually show the past performance statistics of auto charts. Right. But it's better. Before the next webinar, I am going to get myself a VIP account. A VIP account, meaning that I meet a certain threshold. I wonder if one of my colleagues at tick more can tell me what that minimum deposit level is to get a VIP account. Now, if you reach that minimum deposit level at tick more, you get an additional little box that gets drawn over here. And it's a little filter that says show me only the best trading opportunities. Okay. So in the next webinar, I am going to show you how to use that little tick box to filter for the best trading opportunities. Now, if you don't have a VIP account, don't worry. I will also talk about the past performance statistics in general. So you can actually do some of the work yourself to filter out the best opportunities that auto charts provides. But for those VIP customers, there's a mechanism that does that for you, right? And we'll discuss that at the next webinar. Okay. I have given you an immense amount of information. And once again, I just want to apologize for getting the times confused. Absolutely my fault. And I'm so grateful that you all hung around to listen to me talking. So I'd like to open up the floor for just a few moments for some questions. If you have any, I don't see any questions coming up, which means that I'm the best presenter in the world. And no one has any questions because I was super clear and everyone understands my funny South African accent. Okay. Roman is saying, he's asking how does he install auto charts? Give me one moment to get you that link. Give me one moment, everyone. I want to pause my screen sharing and get that to you. Okay. If you can hear me typing away, I'm trying to get that link for all of you. Give me one sec. Okay. Right. So I'm sharing a link with everyone. I'm sending everyone a link. So there it is. You should have it in that link. If you scroll down the page, you will see an install the empty for, install the empty for plugin link. So you, I hope you've all got that. Please tell me if you do have that. You can just give me a thumbs up or, or something that you got that link. Great. You got it. All right. So everyone's got that link. So you can click on that link, scroll down and you'll see how to use and install the plugin. Download that thing, click next, next, next, next. I also see that you're asking, John is asking, I have a live account. May I use auto-totus and demo account? John, you absolutely can use auto-totus and a demo account. There is one little limitation to it on a demo. It's a little bit delayed. It's delayed by a candle or two. So it'll show you kind of what's happened a few candles ago rather than live, but it'll certainly give you a very, very good idea of, of what the tool does. Now, Mohammed, I see that you're asking, can I give you please do another little presentation about the risk calculator? Now, instead of doing that because I'm up with my time, I'm going to do something much better. And I'm going to send everyone another link, which is really, really a good link. And I'm going to send this link to everyone. Okay. I've sent you a link to an auto-totus hosted MetaTrader plugin demo. And on that demo are four very short videos. I think they're about five minutes each. And one of them is about the risk calculator. Please watch that video. It is an awesome, an awesome video to watch. It tells you what I told you, except it doesn't take 10 minutes to do it. It takes less than five minutes to do it, right? So please watch that video. In fact, it might even be me on that video. I don't remember. So watch that video. It really does a good job of explaining the MetaTrader risk calculator plugin. Okay. I have gone way over my time. I want to thank everyone for attending. And I really hope to see you at the next webinar where we're going to be talking about, we're going to be talking about the risk calculator in more detail. I think that's the in two webinars from now, the next webinar, we're going to be talking about how to use auto-chartist to filter out the best trading opportunities based on past performance. And so I hope that you'll join us for the next one. Thank you, everyone. Have a good day.