switzerland financial market

BDSwiss Announces Automated Technical Analysis Tool Powered by Autochartist

BDSwiss Group has launched a fully integrated WebTrader Trends Analysis tool, which automates technical analysis and provides AI-powered assistance to identify the most viable trading opportunities.

The new Trends Analysis offers integrated AI algorithms by Autochartist to provide real-time analytics and trendline overlays on a wide range of CFDs including stocks, commodities, and foreign exchange.

The analysis tool calculates and refines probability values for future price action while also considering the latest earnings reports, financial releases, and aggregated data from third-party vendors, the FX broker announced.

Frank Walbaum, Technical Analyst at BDSwiss, said: “The ability to identify, plot and interpret market trends automatically can be invaluable in fast-moving markets. The BDSwiss Trends Analysis tool helps traders to not only spot evolving chart patterns which they otherwise might miss but to also capitalize on them. Harnessing artificial intelligence, sophisticated data analytics, technical analysis, and order execution in a single web-based platform is what many traders are now looking for.”

The WebTrader Trends Analysis also features preset market parameters and can automatically adjust risk management settings at the trader’s discretion in order to reduce execution time.

Christos Alatzidis, Chief Technology Officer (CTO) of BDSwiss, commented: “In trading, timing is essential: even milliseconds can make a big difference. Our Trends Analysis tool provides powerful real-time analysis with potential trade ideas plotted automatically. The BDSwiss WebTrader platform is the first in the retail trading space to offer a one-stop solution by integrating AutoChartist’s analysis features built-in a web-based platform.”

It was in 2018 that the Switzerland-based foreign exchange and CFD broker regulated by the U.S. National Futures Association (NFA), and the European CySEC and BaFin, launched its WebTrader Platform. The company has over 1.5 million accounts registered from clients based in 186 countries.

BDSwiss reports an average trading volume of more than $84 billion. The broker was founded in 2012 and is headquartered in Zug, Switzerland.