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COT trading system with free indicator

  • #21
  • Oct 22, 2014 2:02am Oct 22, 2014 2:02am
hello,

thanks for sharing.

this is really a refreshing and amazing indicator & concept. thumbs up!
  • #22
  • Edited 2:40am Oct 22, 2014 2:08am | Edited 2:40am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Quoting pakeha
I suspect you would need to load the report file each week
Thank you guys (billbss, hannele, MarketFox, Kraven, Relatively, Rahimseven, muhitalam, Pakeha and FX-Jay)
all contributions are welcome and I can modify the indicator if there is any way to improve it.

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YES - i'll upload the weekly COT data every week in post #1. You have to download and copy it in your MT4 platform
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  • #23
  • Edited 3:35am Oct 22, 2014 2:15am | Edited 3:35am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Quoting kraven
{quote} You could even use this method and incorporate daily entries if the day is moving in the same direction as the breakout, choosing your preference to enter (eg inside bars, pin bars, ma crosses etc). this way you build a millipede. .......and for those asking Sym for trading examples and what to do next? I believe that's what he's here for, correct me if i'm wrong Sym. He's created this excellent piece of coding, now he's after help and suggestions for it's best use.
You are right Kraven...

this thread is mainly for sharing ideas. I thank you because you gave us material to work with. And I think it is a good start.
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  • #24
  • Oct 22, 2014 2:21am Oct 22, 2014 2:21am
hi sym

i installed as per instruction.

but my indicator not updating any chart/lines.

did i do something wrong? how often it will update?
  • #25
  • Oct 22, 2014 2:33am Oct 22, 2014 2:33am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Quoting FX-Jay
I totally agree with your views on EU, we're going to see 1.32-1.33 before the end of the year whether Draghi likes it or not. Euro small speculators (i.e. retailers) are at all time extreme shorts (these are the real retail figures to look at btw - not the FF positions tool that is based on 200 traders mostly on demos). In addition USD commercial +large speculator positioning is also at all time extremes. ...
Thanks Jay for your analisys...
I agree with you, but you know in this business nobody can say for sure where price is going to go.
COT data and others economical indicators suggest we are near to an inversion and probably EURUSD is going UP.
Nevertheless I'm ready (my account is ready) to suffer a 800 pips DD down below.

So we'll see.
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  • #26
  • Edited 3:14am Oct 22, 2014 2:45am | Edited 3:14am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Quoting hewtwok
hi sym i installed as per instruction. but my indicator not updating any chart/lines. did i do something wrong? how often it will update?
Hi hewtwork

does your broker use suffix or prefix for pairs? Like "mEURUSD" or others?
Make sure the entry: FILENAME = COT_report
Can you post a screenshot?

UPDATE is weekly, when COT data is released by CME. You go to post #1 and download the new file.
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  • #27
  • Edited 3:38am Oct 22, 2014 2:50am | Edited 3:38am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
This could be another interesting situation on USDCHF as seen today:

In the last 3 years USDCHF moved in a range of 1250 pips. That because SNB (SUISSE NATIONAL BANK) made very clear it doesn't want EURCHF move to much away from 1.20. They need to protect their exportations with UE. Consequently USDCHF can't move too much (correlations).
If you watch the picture below, you'll see the large investors had started to sell CHF at the beginning of this year (red dotted line) and consequently USDCHF started to go UP.
USDCHF price could go further UP, to test 2012 high, but perhaps it's time to start building SELL positions?

Time will tell.
Attached Image (click to enlarge)
Click to Enlarge Name: chf.jpg Size: 240 KB
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  • #28
  • Oct 22, 2014 3:27am Oct 22, 2014 3:27am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Thanks to Kraven

this is an interesting trading method on every pairs. It speaks by itself.

Can you see the potentials?
Attached Image (click to enlarge)
Click to Enlarge Name: kraven.png Size: 48 KB
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  • #29
  • Oct 22, 2014 4:03am Oct 22, 2014 4:03am
Quoting FX-Jay
Great thread!! So generous of you SYM to be sharing your hard work for others to profit. COT analysis has been my 'thing' for quite some years now, and it almost never failed me. Its just the time factor that is always off, but it is the perfect tool for position traders (which most members on FF aren't). I totally agree with your views on EU, we're going to see 1.32-1.33 before the end of the year whether Draghi likes it or not. Euro small speculators (i.e. retailers) are at all time extreme shorts (these are the real retail figures to look at...
Hey Sym, Jay ;-) and others,

Excellent thread... I'm hoping to learn more about COT in greater detail. I've not played with the indis yet but Sym I am grateful for your generosity! This is gold!

I have an inside word on a group that are about to go head strong into Gold.... some via the XAU some via Gold and Silver stocks.
I can't help but feel that this is in concert with potentially a drive in US Stocks through next year, which correlates to downward Dollar/upward Gold and therefore upward EUR. Is this a valid view?
A pip is only worth it if you know how much you risked to earn it
  • #30
  • Oct 22, 2014 4:07am Oct 22, 2014 4:07am
hi sym,

this is my screenshot.

using oanda practice mt4

thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 87 KB
  • #31
  • Oct 22, 2014 4:09am Oct 22, 2014 4:09am
hi sym

ok i think i got it

i changed to weekly timeframe, the lines appear
  • #32
  • Oct 22, 2014 4:33am Oct 22, 2014 4:33am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Quoting vlady1974
{quote} Hey Sym, Jay ;-) and others, Excellent thread... I'm hoping to learn more about COT in greater detail. I've not played with the indis yet but Sym I am grateful for your generosity! This is gold! I have an inside word on a group that are about to go head strong into Gold....
Thank you vlady1974... I'm not a foreteller and I can't say anyhing about your inside. I think nobody here can say for sure if it's true or not.
In post #4 I wrote what COT data says to me now. I don't know if I'm right or not, but I'm confident that the grid strategy is going to work.

Will see.
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  • #33
  • Oct 22, 2014 6:18am Oct 22, 2014 6:18am
Oh sym a superb thread. Can gold traders like me benefit from this thread? I am feeling so sorry that gold is not included in your great tool. Can i have any chance for this, sym?
Regards,
Exciter135
  • #34
  • Oct 22, 2014 7:07am Oct 22, 2014 7:07am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Quoting Exciter135
Oh sym a superb thread. Can gold traders like me benefit from this thread? I am feeling so sorry that gold is not included in your great tool. Can i have any chance for this, sym? Regards, Exciter135
I think it is possible... let me work on it!!!
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  • #35
  • Oct 22, 2014 7:21am Oct 22, 2014 7:21am
Quoting sym
{quote} I think it is possible... let me work on it!!!
Oh thank you sym so much.I am getting excited.

Regards,
Exciter135
  • #36
  • Oct 22, 2014 9:25am Oct 22, 2014 9:25am
thank you for your contribution...subscribe
  • #37
  • Edited 9:52am Oct 22, 2014 9:32am | Edited 9:52am
Quoting sym
Thanks to Kraven this is an interesting trading method on every pairs. It speaks by itself. Can you see the potentials? {image}
No problem Sym, and once again an excellent piece of work.

in regards to the UChf some charts are easier to read then others. on the UChf the red line is negatively correlated to the price. I see a break of the last low coming so i'd be waiting for this weeks report and looking for buys. just my 10 cents.

Here is a brief view of what just happened on the GU. If you use the breakouts you will be following 'eventually', the big money. often COTS info takes a while to transpire to the markets due to economic data fluctuating the markets (often short term).

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 85 KB


Sym here's what i mean on the UChf.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFWeekly.png Size: 75 KB
  • #38
  • Oct 22, 2014 1:24pm Oct 22, 2014 1:24pm
Great thread sym. Appreciate all your time and effort producing this indicator and of course your kindness for sharing.
  • #39
  • Oct 22, 2014 3:46pm Oct 22, 2014 3:46pm
This is interesting idea. So far I have done trading with my compounding system but keep looking for new stuff because progress is slow. I just changed my computer and in process of setting up all softwares and very soon I will post constructive comments. I am subscribe.
Love for all; Hatred for none.
  • #40
  • Oct 22, 2014 4:25pm Oct 22, 2014 4:25pm
Hi Sym

You mentioned that the indicator will work on 3 indicies - can you let us know which ones they are please.

I know you don't want day traders etc but I took a short on eurusd after looking at the data and fully expected to be in the trade for a while as I set a tp of 96 pips - was pleasantly surprised to see that tp hit when I woke up this morning Aussie time. Obviously need to do some more testing as to how to best use this info but very interesting.
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