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    cTrader Chart Pattern Drawing Tool

    Product Support Available

    This is one of the most popular drawing tools for cTrader that is open source, you can draw Head & Shoulders, ABCD, GANN, Fibonacci, Pitchfork and many other major patterns onto your chart. It is fully customisable so that you can draw the patterns with any colour scheme that suits you, this tool does not automatically find the patterns, you will need a good understanding of how to draw them onto your charts.
    (OS) Type: Windows & Mac OS Compatible
    Current version: 1.0.0
    Updated: Tuesday, 29 August 2023
    Author: Spotware

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    £0.00 Incl. VAT.
    cTrader Software

    The cTrader Pattern Drawing Tool allows traders to visually draw the most popular Forex patterns onto the chart with ease, these patterns help identify possible trend reversals or breakouts, used together with your existing strategy can help your trade entry and exits. two of the most common patterns used are the Head and shoulders (H&S) and the Triangle.


    How to Use the Drawing Tool

    The cTrader Drawing Tool has many patterns to draw on the chart, we advise that you start with the ones you know and do some research for the others to see if they suit your trading system, some of the most popular are shown below.

    • Triangle
    • Cypher
    • Cycles
    • Head and Shoulders
    • ABCD
    • Three Drives
    • Elliott Impulse Waves
    • Fibonacci Tools
    • Pitchfork Tools
    • Gann Tools


    Head & Shoulders (H&S)

    This popular pattern can be drawn by identifying the topping formation of the uptrend and the bottoming formation of the downtrend, this will show the highest price followed by the retracement to the lowest price of a symbol. The top pattern is known as the Head and the bottom pattern is the shoulder, when a second shoulder forms and there is a trendline that connects the 2 highs or 2 lows the pattern is complete as shown below.


    cTrader Head & Shoulders Patterns


    Indicator Settings

    You can use the drawing tools on any timeframe, unfortunately, Spotware did not create a comprehensive user guide on how to use the tool, we hope that the user settings are self-explanatory, but if you need help then post your question on our support group. 


    * We are unsure of the Others options and which news events they show, please contact Spotware regarding this.


    Watch a Video Demonstration

    The video has been uploaded to 1080p High Quality, so do not forget to set your YouTube video quality to 1080p HD. 

    Duration: 9 minutes  - Watch full screen on YouTube


    How To Install & Remove

    First, make sure you have the cTrader trading platform installed and then unzip the file and double-click on it to automatically install it onto the platform.


    Any Questions?

    If you have any questions or if there are any bugs, please first search our product help forum for the answer, if you cannot find it, post a new question.


    Need a Broker

    If you are still looking for a broker you can trust, take a look at our best cTrader broker site.


    Our Harmonic Pattern Trading Software

    You may be interested in the automated trading tools that we have built for chart patterns, you can find them below.