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COT Indicator

  • #1
  • First Post: Jan 19, 2008 2:24pm Jan 19, 2008 2:24pm
Hi Friends,

I'm searching for this indicator called Commitment of Traders indicator, i saw a screen shot somewhere, it shows in numbers how many traders are long and short positions on your broker.

Thought it would be helpful. Please post it here if u found it. Thanks
prepare for worst & expect the best
  • #2
  • Jan 19, 2008 5:12pm Jan 19, 2008 5:12pm
You need to subscribe to the data service. Here is link with info. and has indicators:

http://www.cot4metatrader.com/

Also, I found a COT e-book by Larry Williams for sale on ebay for only $6.99:

http://cgi.ebay.com/Trade-stocks-com...QQcmdZViewItem
  • #3
  • Jan 19, 2008 5:16pm Jan 19, 2008 5:16pm
This site tracks COT among many other things..

http://www.pfxglobal.com/index.php?o...439&Itemid=193
  • #4
  • Jan 19, 2008 6:24pm Jan 19, 2008 6:24pm
http://img258.imageshack.us/img258/6361/12345tf1.gif

I found it, just what i was looking for. .use on higher time frames. good luck

Attached File(s)
File Type: mq4 _Waddah_Attar_BUY_SELL_Vol.mq4   4 KB | 2,042 downloads
prepare for worst & expect the best
  • #5
  • Jan 19, 2008 6:45pm Jan 19, 2008 6:45pm
Quoting tony_dtrader
http://img258.imageshack.us/img258/6361/12345tf1.gif

I found it, just what i was looking for. .use on higher time frames. good luck

Attachment
Hi,

Do you know how you are going to use this indicator..the indicator by itself looks interesting...
  • #6
  • Jan 19, 2008 6:51pm Jan 19, 2008 6:51pm
Quoting Eklavya
Hi,

Do you know how you are going to use this indicator..the indicator by itself looks interesting...
One of my friend who used this indicator to trade made 30$ into 800$ in a last week! I really don't know how to use it either, but its a grat piece of information.
prepare for worst & expect the best
  • #7
  • Jan 19, 2008 6:52pm Jan 19, 2008 6:52pm
Where does the indicator get it's data from? Is it the vol figures for the broker's platform ? (I would think)
That would make it a small sampling of the whole..... Not so sure that would be very accurate....
  • #8
  • Jan 19, 2008 9:16pm Jan 19, 2008 9:16pm
Would you ask your friend?

Quoting tony_dtrader
One of my friend who used this indicator to trade made 30$ into 800$ in a last week! I really don't know how to use it either, but its a grat piece of information.
  • #9
  • Jan 19, 2008 11:47pm Jan 19, 2008 11:47pm
Quoting BookerT
Where does the indicator get it's data from? Is it the vol figures for the broker's platform ? (I would think)
That would make it a small sampling of the whole..... Not so sure that would be very accurate....
This does use the Broker's volume data. When we have a up-close, it adds that period's volume to buyers. When we have a down-close, it adds that period's volume to sellers. When we have a neutral week, it adds that period's volume equally to buyers and sellers.

I am not sure how can this indicator by itself consistently make money.
  • #10
  • Mar 7, 2009 9:46pm Mar 7, 2009 9:46pm
Its useless, we wouldn't know a scalp trade volume from a position trade volume and im looking for position trade buyer/seller numbers.
prepare for worst & expect the best
  • #11
  • Mar 8, 2009 10:21am Mar 8, 2009 10:21am
Quoting tony_dtrader
Its useless, we wouldn't know a scalp trade volume from a position trade volume and im looking for position trade buyer/seller numbers.
Maybe you had better ask your friend what t/f he used it on ... also $30 to $800 is great but how many trades did he take and on what basis, or did he flip a coin based on the quotes ?
  • #12
  • Last Post: Jul 3, 2022 4:05pm Jul 3, 2022 4:05pm
download using this link https://www.mql5.com/en/code/12688
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