Saxo Capital Markets has collaborated with Autochartist for automated technical analysis tools and live trade signals, enabling users of SaxoTraderGo, including SMSFs, to cover and analyse the market across asset classes with greater efficiency.
The new feature was first rolled out in Europe in mid-January and is now available for traders in Australia.
Autochartist covers more than 50 currency pairs, 200 international stocks and the biggest indices, as well as the major commodities.
Each trade signal presents a simple overview of the underlying analysis and an automatically calculated entry price, take-profit target and stop-loss that clients can trade directly on the platform as opportunities occur in the market.
“Saxo’s in-depth collaboration with Autochartist represents an exciting opportunity for a number of our key client segments, including high net worth investors and self-directed SMSFs,” Saxo Capital Markets Australia chief executive Ben Smoker told selfmanagedsuper.
“The SaxoTraderGo trading platform is a unique experience in itself – a multi-asset platform that allows SMSFs to trade over 30,000 instruments across equities, FX, CFDs (contracts for difference), futures and options, anywhere in the world on a variety of devices.
“By adding Autochartist into the mix, SaxoTraderGo becomes an even more impressive trading proposition for SMSFs.
“Autochartist is a technical tool that provides investors with trade opportunities based on automated trade signals, and also appropriate entry and exit levels for their investments that are automatically generated through chart technical levels.
“We are confident that our growing SMSF client base will take advantage of the comprehensive trade opportunities that Autochartist’s advanced algorithms will deliver, and that our multi-asset platform, SaxoTraderGo, will be their trading platform of choice to manage their portfolio.”
The service is free to access for all Saxo clients and will also be available to white-label clients later this year.
