 I just allowed it. Mikaela says you can, in the meantime, you can start the webinar. I did, I started the webinar now. Yeah, correct. But it's a real recording, you probably have to. Okay, let me share my screen. There we go. I guess we should give it a few minutes. I see there's some attendees now. Yes, I just clicked on, I'm start the webinar. Hello everyone. I'm hoping you can see me and hear me if you can. Sorry, we opened the webinar just exactly on time, but we'll be starting just a few minutes letting some people join us. Okay, hi everybody. If I can just ask you to let me know if you can see me and hear me. That'll be great, please. Making sure everything is good. All right, good. Thank you everyone. All right, so we'll get going. Sorry, we opened up the webinar room just a little bit late, but yeah, hopefully it'll go smoother now. All right, this webinar is obviously being recorded, so don't worry, you'll get a recording, link to the recording probably by tomorrow. So welcome everyone to today's webinar. This is a part one of three webinars that we're going to be doing. Today, we're going to be giving a very, very a high level overview of the auto-chartist suite of tools provided by TickMill to you. First thing you got to know is that we're here to learn, no one's here to sell you anything. This product, this analysis product is available to you free with a live account at TickMill, so everyone don't worry, no one's trying to pitch you anything. So before we get going, let's talk about the disclaimer which I've got on the screen at the moment. So trading CFDs on a margin account carries a high level of risk and may not be suitable for all investors. So please just be careful when trading CFDs and SPARTFX for the full disclaimer, you can read it on the screen. All right, so first things first, what are we discussing today? We're discussing a tool called auto-chartist and it's available if you look on the TickMill platform and the tools auto-chartist. Auto-chartist really does two things. It tries to identify trading opportunities for you in the market, that's interesting trade setups based on technicals and statistical analysis. And it also assists you in mitigating your risk. So it can show you how to set stop loss levels and take profit levels based on your risk profile. And I'll give you a very brief overview today of both of those features. So in order to get the tool, you can just go on to the TickMill website, go into client tools, auto-chartist, and then you'll see there's a number of different ways. Obviously, after it lists all the features and benefits, you can go to auto-chartist, you can download the MT4 plugin, which is a thing that I'm gonna be demoing for you today. There's also some eBooks and user manuals and video links on this page. But I think the most important thing for you to do is click on the install MT4 plugin button and that will download and install an expert advisor in MetaTrader as well as an indicator called the auto-chartist risk calculator. So we're gonna talk about the expert advisor first. This expert advisor, what you do is you drag and drop it onto your chart. And within a matter of a few seconds, you should get a whole list of information here and on the screen. So what auto-chartist does is it scans all the instruments in your market watch window for trade setups across all the different time frames from 15 minutes and higher. So for example, we opened it up in your USD4 hourly charts and you can see that auto-chartist has identified the support and resistance levels drawn in green and provided a target region or a target area for your USD on the four hour chart. Now, if we, for example, wanna look at this USDJPY H1 chart, we click on the view button and it would come up with this opportunity over here. You can see that USDJPY has had a massive rally up on the hourly chart. And so this is potentially an opportunity to go short if it's overbought right now on USDJPY. The whole idea here is unlike what you normally get with when you open up MetaTrader, you get lots of different charts and panels to work on. And many traders get very confused. What do I look at? Which indicators do I add? Moving averages, RSI, Bollinger Bands, Stochastics, there's so many different types of indicators. What we're doing with auto-chartist is really trying to simplify the trading process. We're trying to say, okay, you've got these lists of instruments which you're potentially interested in in the market watch window. Let's set up a list for you of the kind of a very high level list of the types of opportunities available for you right now. So it's less about trying to figure out what to do yourself and more about letting the tool guide you, right? And so if you use auto-chartist, you only really need one screen to trade on and you don't need multiple windows. So I'll go into some of the filtering configurations, et cetera, but let's just have a quick browse through the kinds of trading opportunities that auto-chartist identifies. Okay, the first one I want to look at is this one on EuroNZD, which is what we call a breakout horizontal level. So auto-chartist has identified a resistance level, right? A psychological level in the market that the market has retested again and again and again. Let me show you, let me annotate my screen for you to show you what that is. You can see there's consolidation at this level, at this level, at this level, right? Lots of consolidation at that green line. And so now there was a breakout through that line and so there's a possibility that the price will continue moving up to this gray area that auto-chartist has provided us, okay? So you can see that whenever we have a forecast, auto-chartist provides a gray area, which we call that the target region, right, or the forecast region for that price. So these are what we call horizontal levels, okay? They're also what we call emerging horizontal levels. So a level that's been tested in the past, and let me show you what I mean by that. So you can see it was tested numerous times in the past over here, over here, over here, and kind of on these levels over here. And now the price is moving towards this level. It has not yet broken through, right? If it breaks through the level, then we'll get a forecast region. But right now it's still moving towards this level. And so this is what we call an emerging or approaching resistance level, right? It's marked as a gray icon. The breakouts are marked as colored icons, and the gray icons are the emerging patterns, right? And I'll talk about how to look at that in a second. So I've got something, so it would be very nice if you drag your video pop-up lower. I'm not in control of my video pop-up. Is it possible maybe that you can do that on your screen, or I can stop my video completely? Maybe that'll help. Is this better if I have no video at all? I hope it is. Great, okay, fine. So you guys don't want to look at me. That's fine, I get the insult. Okay, so those are the two types of trading opportunities. Let's look at a few more, okay? There's a few more pages here. Let's look at a channel up. You're a USD channel up. Here we go. So now that's the one I showed you earlier. So it looked like there was a trend in a trend going upwards, and there was a breakout on the short side, and you can see the price was moving quite nice between support resistance. A very, very nice breakout, very big, long breakout candle, and we provided a target price, a target region over here. The price has subsequently turned around a little bit. I wouldn't panic as yet. This is very common to see in financial instruments, right? Prices never go up and down continuously, or they never go down all the time. They go up and they go down. So right now, I would say the previous stop loss was at around this level where I've drawn now. So hasn't hit that yet. Potentially still a chance it'll go down to this level. Otherwise, if you did open up this position, you can close it up and say, well, we made the wrong forecast. And I'll talk about trading statistics in just a moment of, I'm sure you all are thinking how well or how badly does all the charts do? And we'll talk about that in just a bit right now. I just wanna walk through some of the different chart patterns that we identify. The next one, which I find really, really interesting for me is these chart patterns called big movements. For me, this is one of the most useful ones for me personally. What these big movements are is an indication that the price has moved an exceptional amount for that instrument. So autochartist keeps in its little brain an understanding of what is a regular movement for every instrument and what is an irregular or an exceptional movement. So the reason it's come up with this opportunity here USDJPY one hour is because it's telling us that this opportunity here specifically is an exceptional movement. It happened over 15 candles and was an exceptionally large movement. That means it's in the 98th percentile. So this type of movement size only happens approximately twice in every 100 moves. This size opportunity happens, which means that the likelihood of it continuing this is very small, right? And so you can see what actually happened. It reached this level and now there's been quite a nice little turnaround as a predicament. So you can actually set autochartist to watch for large market movements for you. And you can clearly see that a lot of stuff is happening on JPY right now. You can see that also something on EuroJPY. Same kind of opportunity on EuroJPY, very, very large, an exceptionally large movement. Now that's just an idea of some of the kinds of patterns that we identify. We identify a lot more, of course. So we identify things like emerging chart patterns, which are quite interesting. I'm going to untick some of the others for you and show you what those are. So let's see what that looks like, an emerging falling wedge. So what we can see over here is that the price has been moving between support and resistance and the price has not yet broken through the support or resistance line. It's still trading within a regular trading range, right? Within the accepted trading range. So this is a type of trade setup which is maybe for a slightly more sophisticated trader. These are emerging chart patterns because they happen quite frequently and you have to watch the market very, very carefully when trading them because they happen and then they disappear because the price breaks through quite soon after the identification of this pattern. But they're interesting in that they provide you the ability to take almost like a preemptive position on the market. So let me show you what I mean. Here's an example on Euro CAD H4. No, I don't like that one. I want to see if there's anything else I can see an example on. Okay, here we go. I like this one. So here is an example on Australian dollar, New Zealand dollar on the four hourly chart. And you can see that the price is moving between support and resistance. So for the less experienced traders among us, you might think, okay, well, this is an opportunity to take a position right now long, okay? And that could very well be. So you might go ahead and go new order, buy at market, okay? That's what you might do and wait for the price to go up to that level. However, maybe some of the more experienced traders might look at this and say, maybe that's not the ideal way of trading this position. Maybe what we should do is set a pending order, right? And by pending order, I mean a buy-stop order. A buy-stop order means that you wait for the price to hit this level. And when it crosses that level, then take a long position, okay? So what that would look like is you would say, maybe a pending order, a buy-stop at what price? At a level of 1.08475, right? So now what would happen? You can see I don't actually have a position in the market. I'm waiting for the price to hit that level and then it would take a long position, right? Or if you think that the price is gonna do what it did in the past, which is just rebound of this level as it did in the past, then what you could do is you can obviously take a sell limit order, right? So if the price hits this level, then actually take a short position. Again, so lots of different ways to trade these types of emerging chart patterns, right? These are these gray icons. Again, I only recommend these for the more experienced traders that are listening to this webinar. If I was just a kind of a newer entrance into the market, certainly look at the completed chart patterns and the breakout key levels. Now we also do identify things like Fibonacci patterns. Let's see if we have any Fibonacci patterns available in the market right now. Okay, so we do have a few. Let's see what they look like. Okay, so here's a Fibonacci pattern. Now, I know there's a ton of lines. Yes, don't worry because I know that only the very experienced traders among you would be playing Fibonacci patterns. So what this Fibonacci pattern is telling us is that this is a emerging three drive pattern and it's aiming for the end of this little blue line over here. So what we're doing is we're aiming for that end of that blue lines. If we have a move up to that level, then we can expect the pullback down towards the other Fibonacci levels, right? So in this situation, you would set obviously a sell limit order to get into this market, right? So a sell limit up to the end of this little dotted blue line. And now don't get scared if you don't understand that. This is for the very, very sophisticated traders among us today, right? My default search criteria personally are these, the breakout chart patterns, the key levels and the approaching key levels. And I wanna show you one or two little tricks that I've found work for me. All right, oh, why do we still have Fibonacci patterns in there? Oops, let me untick that. Okay, so the first thing is I very rarely trade against the trend. So let me find you an example of this. So in this example on your USDH4, when the trend is bullish and the breakout is bearish, although this is in fact officially a technical chart pattern because that's what the technical analysis books say, I am not a person that trades against the trend. I look at the prevailing trend and I trade with the trend. So this is not a position I would have taken unless it was followed up by another very distinct and clear bearish candle to basically confirm the trend. But just a touch of that line and again, a turnaround for me that is not sufficient to take a position on an opportunity like that. Let's look at this opportunity on NZJPY. Again, one candle breakout. I am not sure whether this is something I would take again because I see the prevailing trend is bullish. Would I trade against the breakout against the prevailing trend? I'm not entirely sure about that. So my objective when I'm trading chart patterns out which are these kind of patterns over here, I trade, I try trade with the trend, okay? That's kind of my little trick. Although I must say that my favorite types of patterns are definitely the breakout resistance and the breakout support resistance and all the emerging support and resistance. Those are by far my favorite ones and I'll show you the statistics in just a moment. In fact, you know what? Maybe I should show you that right now before I move on to my next topic. So if you wanna see how well autochartist has done in the past, it's very simple. You click on this little world icon and you copy and paste the performance stats link into a web browser. And when you do that, you will get something that looks like this. And you'll see all the statistics. So we have stats for completed chart patterns or breakout chart patterns, the breakout key levels and approaching key levels. Now, why only for those and not for things like for Bonacci patterns and emerging chart patterns? That's because these are the only three types of patterns for which we provide target regions, right? Let me show you that again in meta. So my default selections are the ones for which you get a statistics. Except I add big movements in there because I wanna be notified personally about exceptionally large movements in the market, right? But otherwise those are the types of trade setups where we actually give distinct target levels, right? Or target levels, right? And we can look at the technical chart patterns, the details of those. And when we drill in, we'll see that over the last six months, we identified about 31,000 of them, about 20,000 hit their target region. That's an average about 66%. But it's more interesting to look into that specifically. So what has been doing well or what has been doing badly over the last few months? You can see head and shoulders and inverse head and shoulders. I can tell you that these are definitely the exceptional performers. They're always doing really, really well. If you see your head and shoulders and inverse head and shoulders, you should be sitting up straight and taking note of those. The other things that I wanna show you are patterns that are also consistently do well. Ascending triangles and descending triangles, double bottoms, double tops. Anything that has a horizontal component to it does really well. You can see we also provide a view on individual instruments, how well and badly we've done over the last six months per hour of day. We do exceptionally well during the European time zone, which is not a surprise because the idea of support and resistance is all about market psychology. And psychology plays out when there's lots of participants. And obviously London is the capital of the financial world when it comes to foreign currencies. And that's where all the participants are playing in the market. And that's when we have all the market psychology playing out. Interestingly enough, the statistics get better and better as we go to the right-hand side of these stats. So the breakout key levels, we do very well over the last six months, over 76% hit our target region. And lastly, the approaching key levels have done exceptionally well, 83% on average over the last six months. The thing about, I got to point out about these stats, these stats are not how much money you would have made. It's simply a measure of how often we hit our target region. So for example, for these key levels, let me show you what that looks like inside Meta. For these approaching key levels, that's just this one item over here. Oh, why do I not show me all the key levels? Oh, maybe I don't have all the time intervals stored. Let's see what we've got. Okay, approaching key levels, these are these ones with a gray icons over here, right? So how often do we hit them? Now, it says over 80% of the time, but what I wanna show you is it's a double-edged sword. The stats are a bit skewed because the area that they need to cover to hit the target price is very, very small. So you've got to really watch out and be careful when you trade these gray opportunities, these gray icon opportunities, because the opportunities are very quick. They're in the market and out of the market, right? So you've got to be really, really quick about them. So watch out on those things. The breakouts are a little bit more tradeable if you're not watching the market every minute of the day, the breakout patterns, the size of the opportunities is much, much greater. Okay, now I wanna show you one more thing before I move on to an overview of the risk management. Just by the way, we'll be going into a lot more detail about these things in our next webinar, right? About actual trading strategies and how to choose which trades to open and not to open. But today is just an overview, right? So if you wanna access the Autochartist mobile application in order to get alerts, it's quite simple. What you do is you open up, you click on that little icon, the little cell phone icon. It'll give you instructions to search for Autochartist in the Google Play Store or App Store. And what you're gonna do then is open up that application and click login using QR code. When you do that, it'll give you a QR code and you can scan it and there we go. You're inside the Autochartist mobile application. And this mobile application is based on something called our favorites, which I'll talk about in just a second because it links in nicely with the statistics I just showed you. So it only shows you the best trading opportunities that you have available for you right now at Autochartist. Now the best, how do we classify as the best? Let me get rid of my cell phone. That same feature is actually available to you inside MetaTrader. In fact, it's a premium offering that only a very limited handful of brokers provide. This is this little drop-down icon. I know it's very small and indiscreet, but it's probably one of the most powerful tools we offer. If you click on that little icon and say 60%, what it does is that Autochartist takes the available opportunities, right, that all these available opportunities right now, which is three pages worth, merges them with those statistics I just showed you. And shows you only the trade setups are available right now in the market that have performed 60% or more over the last six months. Again, a very important disclaimer, past performance may not be indicative of future performance, right? That's always the funny thing with statistics. But certainly these are the ones, the kind of trade setups that have done really, really well over the last six months. If you go to 65%, you should get even less opportunities. If you go to 70%, you should get a lot less opportunities. I think probably only one page right now. If you go to 80%, you might not get any. Oh, okay, so you're looking for a miracle here over 80%, okay, so, right. So these are the patterns or trade setups available in the market right now that have performed, that have hit their target region 80% of the time or better over the last six months. Okay, so now the mobile application, those are the opportunities that we show on the mobile application. Let me show you that again. And you can play around with those on the mobile application. You can actually click on two settings and in there, you can set your time zone. You can enable or disable push notifications to let you know when things happen. You can specifically choose which instruments you wanna get notified on, right? So if you only wanna be notified on SysFrancJPY or Euro, where's Euro, USD, you can set push notifications only on those on those instruments that you've selected, right? So this is quite a nice way of getting notified when opportunities happen outside of your MetaTrader. Okay, Uros is asking a question, how do I find the app? I missed that. So Uros, if you go into the TICMA website and you click on Client Tools AutoChartist, you'll get a section called empty for plugin and you can install the plugin from there. And there's no need to log in or register or anything. If you are a live account holder with TICMA, you get free access to it. And here it is over here in the AutoChartist as an AutoChartist expert advisor. And don't worry, it does not trade on your behalf, okay? It's an expert advisor, but it doesn't trade on your behalf. Right, so the next thing I wanna show you is well, honestly, I believe probably the most, sorry, I just closed that position. Probably the most powerful tool you'll find in the Forex Market at the moment. And that is called the AutoChartist risk calculator. And I'll show you what that's about. So listen carefully. I won't say it twice, but you can watch the recording. Many traders, when they trade, doesn't matter what they use, whether they use technical chart patterns, RSI's, Bollinger Bands, whatever it is, you have to set a stop loss and a take profit. And people struggle with that. And MetaTrader does a really bad job of assisting you in setting those levels. What this risk calculator does is that it allows you to know how much money you've actually risked on the trade. Not pips, but money. Let's just say that I'm trading, what is this? EuroNZD right now. I wanna trade long, right? That means I wanna buy it with a stop loss at this orange level. So I set my stop loss at this orange level and that's the orange line that came up when I brought up my risk calculator. So AutoChartist is telling me that this is 74 pips away. Okay, now I have a $50,000 account and let's say I wanna risk $1,000 on my position. So what the risk calculator tells me is that if I wanna go long at the current spot price and I wanna set my stop loss at this level here and risk $1,000, my position size should be 2.08. That's my volume. So let's see what that looks like. A stop loss at that price, a volume at 2.08 and I'll click buy at market. So I've traded a 74-pip stop loss position on EuroNZD H1 chart and I've risked $1,000 on my position. Obviously there could be slippage involved. But now check this out. Now I decide I'm gonna trade let's see, USDJPY, where the PIP value is completely different from EuroNZD, right? Let's say now I wanna trade USDJPY, let's look at, okay, let's look at this. I wanna set my, I wanna go long and set my stop loss at this level. So now I wanna trade $1,000, I wanna risk $1,000 and notice how it's giving me a totally different number, right? I can trade the H1 chart if I wanted to. Let's just say I wanna trade the H1 chart long and set my stop level over here and risk $1,000. It's setting my volume to 1.42. Let's see what that looks like when I actually set my position. I would set 1.42, I set my stop loss at this price over here and I click buy at market. Notice what I've done. I've traded two different instruments on two different time frames and yet, and the stop level, the risk in PIPs was different and yet I'm risking in both of those situations, I'm risking $1,000. This is extremely powerful because most traders, what they do to set their risk management is they say, okay, I only wanna risk $1,000. Now I try to work out what my PIP value is for USDJPY and I then move my stop loss level up and down to know how much money I've risked but that's the wrong way of doing it. You should always set your stop level where you think there is a turning point in the market. You can see I chose a nice little turning point and then change your position size to manage your risk, right? It's extremely, extremely powerful and we'll in fact do I think our third webinar is specifically around risk management and you can do lots of sophisticated things. So you can use this risk calculator to set positions on pending orders, right? I'm gonna close those two positions and I'll show you what that looks like. So let's just say we'll go back to the H1 chart and I wanna set a custom entry price and a pending order. So what I'm gonna do is I want to trade this, I wanna trade USDJPY, I wanna enter at this level and I wanna set a stop loss at that level, okay? So now it's gonna take my risk between my green line and the orange line, right? So what I would do is I would set a pending order. Let's say a pending order, I would do a buy stop order. I would set my stop loss at this level over here, my entry price at this level over here and I need to set my position size to be 3.43. I wonder why it changed my zero and I'll go place. So now I've set a pending order in the market and I know that even if I hit my stop loss, I've only risked $1,000 on my position. Again, the idea is knowing how much money you've risked, not how many pips you've risked because that is really a useless measure to go by. Now, I wanna show you one more feature of this little tool, which is this thing called expected price range movements. Okay, as you may or may not know, the price or the volatility of instruments changes throughout the trading day. During the European session or let's say specifically the London Open or the New York Open, there's a lot of volatility. During, let's say, lunchtime or midday in London or lunchtime in the US, the price, really the volatility decreases. And so some people have this notion of, oh, you choose a stop loss, 20 pips and that's what you trade with, 20 pips stop loss or a 30 pips stop loss or 10 pips stop loss. That is people that tell you that don't know what they're talking about, okay? Because you need to adjust your trading strategy with market volatility. So when you click this show expected trading ranges, AutoCharter shows you the expected trading ranges for this instrument for the next hour, four hours and 24 hours. And as the trading day goes by, the distances between those in those regions actually increases and decreases with the market volatility. So you could have, let's say, I don't know, 50 or 60 pips between these two lines right now because the US is gonna open very soon. Let's say while the US is sleeping, this could go down to 20 pips or 30 pips. And so you have an idea of where you're setting your stop loss or take profit levels. So when you're trading and you wanna set your stop loss levels, let's say over here, let's say I'm trading short. I know that this price is gonna hit within the next one hour, but I'm planning to take my kids to school now, right? Cause it's close to 8 a.m. in the morning and I have to get in my car, drive to school. This is not where I should be setting my stop loss because it's gonna knock me out if the market just moves just a little bit, right? A hair, I'm gonna get knocked out. And I don't wanna do that. I wanna be in front of my computer too so I can take a position. So I know that I shouldn't be, according to my lifestyle, I shouldn't be setting my stop loss within this region over here. I won't be able to react to it, right? I should be setting it here or here, right? Maybe I wanna set a long-term position greater than a day, right? This is where I should be setting it, right? So the whole objective of this tool is to allow you to understand how the price is gonna move within the next kind of hour, four hours and 24 hours so you can gauge when to expect a possible hit of your stop loss, okay? All right. So also to give you an idea just to come back to the mobile application, this information is actually contained in the mobile app too. So if you're trading a mobile application and you wanna see what's going on, you can actually click into an opportunity and towards the bottom, you can look at the volatility analysis of that, okay? So you can see for the next, you can see where to expect GBP or to trade in the next one hour, four hour or 24 hours, right? Now, there was a question from Cindy Siewer, I hope I pronounced that correctly. Yes, if you, when you download the empty for plugin on the TICMO website, you get the risk calculator as well as the expert advisor. So remember the two different use cases. The expert advisor that's used to find entries into the market, the risk calculator is used to provide you with this risk calculator tool we've been talking about now to manage your risk using dollars, right? Again, by the way, it will adjust itself. So for example, if you have a Euro account or a CAD account, it will adjust to be a CAD depending on your account size. So you always know what the risk you're taking based on your account currency, right? It's not always necessarily US dollars. So it will adjust itself. Okay, so I've got a few questions coming up on my screen. I have spoken for close on 45 minutes. So let's see what questions we've got. Okay, so we have something from Bart. Okay, so Bart is asking, he's asking about the past performance stats. So Bart is saying, is it possible to look back 10 years on a daily timeframe? So Bart, there isn't an ability to customize that. However, I don't see a reason why we can't just send you that information. If you send an email to support at support.autochardos.com and ask us for the stats in a spreadsheet, I'm pretty sure we can send that to you. I'm not sure if we have 10, in fact, I don't think we have 10 years. I think we only keep a rolling six months or 12 months. But if you like, we can send you what we have in a spreadsheet, then you can pivot the thing the way you like it if you're happy to comfortable using Excel. But the tool itself doesn't have the ability to look for specific cases. I hope that answers your question. But happy to share the raw data with you. We hide nothing. As you can see here, we tell you what we've done well on, what we've done badly on. We don't try to hide anything we like. We actually pride ourselves on transparency. Okay, so with that, we had a bit of a slow start. I hope I've given you a nice overview of the product. Let me stop sharing my screen and reshare my video so I can see all of you and say goodbye. There I am again. Hello. So, again, we've got two more webinars to follow. The first one is gonna be around choosing which trade setups to follow using the AutoChartist tool. And the last webinar in the series is gonna be around the risk management, okay? And I hope you've learned something. Again, this is a tool free for you. No one's trying to sell you anything. If you've got a live account, go and use it. I hope you enjoy using it. And we'll see you, I guess, in the next week or two for the next session. I hope you join us then. Thanks, everybody. Have a good day.