iDRAW semi-automated trading system (free)
Posts: 100
Member since: 12/05/2010
What is it?
iDRAW is a great tool for Forex traders who don’t want to be slaves to the market. Stop spending hours waiting for breakouts and constantly monitoring and moving your limit orders. iDraw was built specifically to capture trend reversals and breakouts. All you have to do is draw a few tend-lines, rename the trend-line labels and iDRAW will create limit orders automatically once price comes back and hits your target lines.
Downloading Instructions here - http://www.pipinvestment.com/Menu/1144
Trading Instructions here - http://www.pipinvestment.com/Menu/979
Posts: 836
Member since: 16/05/2011
I think it is a tool that will work according to our directions. Once we indicate the trend lines based on our analysis, it will then enter positions automatically based on our analysis.
A good tool.
Thanks for sharing
Posts: 734
Member since: 22/04/2011
Originally posted by SashaI think it is a tool that will work according to our directions. Once we indicate the trend lines based on our analysis, it will then enter positions automatically based on our analysis.
A good tool.
Thanks for sharing
Yup its a great tool for traders. Users of this tool dont have to sit on their comp for all day and they can do 24 hour trading.
The good or ill of a man lies within his own will. – Epictetus
Posts: 711
Member since: 17/05/2011
Posts: 734
Member since: 22/04/2011
Originally posted by ChampHow accurate is this tool? has anyone tried it?
This tool is just copying your strategy. So accuracy has nothing to do with it. If you r accurate then it is accurate and if u r not then it will not be. I havnt tried it but its a popular tool.
The good or ill of a man lies within his own will. – Epictetus
Posts: 100
Member since: 12/05/2010
Originally posted by ironical
Originally posted by Sasha
I think it is a tool that will work according to our directions. Once we indicate the trend lines based on our analysis, it will then enter positions automatically based on our analysis.
A good tool.
Thanks for sharing
Yup its a great tool for traders. Users of this tool dont have to sit on their comp for all day and they can do 24 hour trading.
Success really depends on the user. It can be as simple as drawing trendlines on the chart, but effectiveness of your trendlines will come from years of experience and understanding of the financial market.
In 2009, the orignal idea was to catch the break out of consolidation, but my greatest success with this Trading Tool is placing trendlines above and below Momentum break outs, therefore I miss the Breakout but catch the reversal or retracement. And if no retracement happens, My orders never get triggered.. If I were to try to trade the break out, my order would be entered indefinately.
Posts: 685
Member since: 06/06/2011
Originally posted by IPNDASNO
Originally posted by ironical
Originally posted by Sasha
I think it is a tool that will work according to our directions. Once we indicate the trend lines based on our analysis, it will then enter positions automatically based on our analysis.
A good tool.
Thanks for sharing
Yup its a great tool for traders. Users of this tool dont have to sit on their comp for all day and they can do 24 hour trading.
Success really depends on the user. It can be as simple as drawing trendlines on the chart, but effectiveness of your trendlines will come from years of experience and understanding of the financial market.
In 2009, the orignal idea was to catch the break out of consolidation, but my greatest success with this Trading Tool is placing trendlines above and below Momentum break outs, therefore I miss the Breakout but catch the reversal or retracement. And if no retracement happens, My orders never get triggered.. If I were to try to trade the break out, my order would be entered indefinately.
Do u still use this tool in ur trading?
Posts: 836
Member since: 16/05/2011
I searched over google about competitors of idraw but cannot find any. So I think idraw is unique tool which can be very helpful for traders. But drawing correct trendlines can be a challenge. It is not as simple as it looks like.
Posts: 100
Member since: 12/05/2010
Yes I still use idraw. I'm once again working on some automation for the use of this tool =)
I've also added a new feature/ One cancels the other - as a way to filter out Fake Break outs - Its still free of course. Almost 600 downloads from my website not including the older versions floating around in the forums.
I'd say its a success , unique product and traders will continue to use it for years to come. I always welcome future development. Be a beta User today.
http://www.pipinvestment.com/software/happy-new-year-2012-free-idraw-ea-1-4-1
You can also see an older account from 2011 where I only traded with idraw -
and here is my new account where I use iDRAW with several other EA"s that I've built over the Xmas Vacation - http://www.fxstat.com/en/performances/view/PipInvestmentForex_i007-9088
I'm already offering signals from this account above. Its going quite well.
Posts: 836
Member since: 16/05/2011
Originally posted by IPNDASNOYes I still use idraw. I'm once again working on some automation for the use of this tool =)
I've also added a new feature/ One cancels the other - as a way to filter out Fake Break outs - Its still free of course. Almost 600 downloads from my website not including the older versions floating around in the forums.
I'd say its a success , unique product and traders will continue to use it for years to come. I always welcome future development. Be a beta User today.
http://www.pipinvestment.com/software/happy-new-year-2012-free-idraw-ea-1-4-1
You can also see an older account from 2011 where I only traded with idraw -
and here is my new account where I use iDRAW with several other EA"s that I've built over the Xmas Vacation - http://www.fxstat.com/en/performances/view/PipInvestmentForex_i007-9088
I'm already offering signals from this account above. Its going quite well.
Nice, so u have customized the original idraw. The good thing is that u have made it public :). Do u alone do developing or u have team or friends?