Saxo Bank adds new stock markets to Autochartist Trade Signals
The bank said the Trade Signals offering now also covers the stocks in the Spanish stock Index Ibex 35. Traders can trade both the cash stock and the CFD on daily time intervals.
More than 11 months have passed since online multi-asset trading and investment specialist Saxo Bank announced its partnership with AutoChartist that saw the integration of Autochartist’s tools into SaxoTraderGO. The Trade Signals service has since been regularly enhanced and enriched.
Saxo has recently expanded the lineup of stock markets available to users of the Trade Signals service. The bank said the Trade Signals offering now also covers the stocks in the Spanish stock Index Ibex 35. Traders can trade both the cash stock and the CFD on daily time intervals.
Trade Signals are available on 55 FX crosses including Spot Gold and Silver, from daily down to 15 min time intervals.
The lineup includes 250 stocks and Stock CFDs (daily) such as:
- US (100)
Major US and European Index CFDs (from daily down to 15 min time intervals), such as:
- US 500
- US 30
- US Tech 100
- Germany 30
- France 40
- Netherlands 25
- EU Stocks 50
- Belgium 20
- Portugal 20
- Swiss 20
Another example of enhancements to the Trade Signals service was unveiled back in July this year, when Saxo Bank added FX expected trading ranges in Trade Signals in SaxoTraderGO. The Expected Trading Range is an analysis of the volatility of the instrument, providing a view of the expected price range movement for a given weekday and time of day based on average instrument price ranges over the past six months. Knowing when an instrument is likely to be volatile or might consolidate due to lack of participation can provide Saxo Bank partners and their clients an insight into the psychology and flow of the market.
The latest enhancements of the Trade Signals service underline the goals that Saxo and Autochartist had set when they announced the launch of the service early this year. Back then, Ilan Azbel, CEO, Autochartist said:
“Saxo’s collaboration with Autochartist is an example of how a forward thinking broker uses technical analysis to provide simple, meaningful and actionable content to its clients.”