PowerStats

The PowerStats toolkit provides traders with insight into the relative movements of forex instruments. This is very helpful when formulating new trading plans, or refining and re-evaluating existing strategies.

For example, PowerStats offers:

• Average pip movement in specific time frames
• Likelihood for upside or downside momentum (based on history)
• Maximum expected price movements (statistical highs and lows) across various time frames
• Expected price movements over weekday and hourly time frames

As an important Autochartist feature, together with Chart and Fibonacci Patterns, PowerStats helps traders to set stop loss and take profit levels, as well as helping them figure out risk and choosing the appropriate instruments to trade.