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COT trading system with free indicator

  • #81
  • Oct 28, 2014 10:44am Oct 28, 2014 10:44am
Hi all

Are you aware you can access the open interest/COT data - The Bias of the market !!
for the previous day for free ?

Mark
  • #82
  • Oct 28, 2014 11:34am Oct 28, 2014 11:34am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Quoting pips2504
Hi all Are you aware you can access the open interest/COT data - The Bias of the market !! for the previous day for free ? Mark
Hi pips2504

can you explain better your statement?

Thanks
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  • #83
  • Oct 29, 2014 11:32am Oct 29, 2014 11:32am
Hi Sym,

Thank you very much for sharing. Is it possible to include Open Interests as the bars in the chart?

Again, Thank you very much for your generosity.

forex4living
  • #84
  • Oct 29, 2014 12:30pm Oct 29, 2014 12:30pm
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Quoting forex4living
Hi Sym, Thank you very much for sharing. Is it possible to include Open Interests as the bars in the chart? Again, Thank you very much for your generosity. forex4living
Hi forex4living

yes, it's possible... but I've to decide whether is better as a line or bar chart? (your opinion?)

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  • #85
  • Oct 29, 2014 3:44pm Oct 29, 2014 3:44pm
Hi Sym,

I prefer bars at the bottom of the chart. We have enough lines in the chart . This is just a personal preference .
Thanks,

Forex4living.
  • #86
  • Oct 30, 2014 4:21am Oct 30, 2014 4:21am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Good morning

in post #1, released new version 1.3 It shows OPEN INTEREST bar chart as asked by forex4living.

Open interest can be seen only with SHOWDATA = 7 and SHOWOPENINTEREST=true

see picture below.


Have a nice day
Attached Image (click to enlarge)
Click to Enlarge Name: open.jpg Size: 212 KB
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  • #87
  • Oct 30, 2014 8:20am Oct 30, 2014 8:20am
Quoting sym
Good morning in post #1, released new version 1.3 It shows OPEN INTEREST bar chart as asked by forex4living. Open interest can be seen only with SHOWDATA = 7 and SHOWOPENINTEREST=true see picture below. Have a nice day {image}
ThanQ sym...
(Mostly) lurking and learning
i worshipped... Momentum
  • #88
  • Oct 30, 2014 11:02am Oct 30, 2014 11:02am
Hi Sym,

It would have as to include the SP500?

Excellent work, congratulations.

Regards.
  • #89
  • Oct 30, 2014 5:52pm Oct 30, 2014 5:52pm
Hi Sym,

Thank you very much for your quick response!!!

forex4living
  • #90
  • Oct 31, 2014 2:05am Oct 31, 2014 2:05am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Quoting RockRobb
{quote} ThanQ sym... (Mostly) lurking and learning
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  • #91
  • Oct 31, 2014 2:06am Oct 31, 2014 2:06am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Quoting Fabiofx
Hi Sym, It would have as to include the SP500? Excellent work, congratulations. Regards.
Yes, it could be done...

Ciao
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  • #92
  • Oct 31, 2014 2:52am Oct 31, 2014 2:52am
Very nice thread Thanks sym
and im glad to see 'open interest' added too
but as COT draw the big picture, im also following something less 'static' like 'forward rates' (found here: http://www.fxstreet.com/rates-charts/forward-rates/)
it should be a good addon if an indi could be made to draw the trend (the 'forward rates' & its moving average)
  • #93
  • Oct 31, 2014 4:39am Oct 31, 2014 4:39am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Quoting dinofx
Very nice thread Thanks sym and im glad to see 'open interest' added too but as COT draw the big picture, im also following something less 'static' like 'forward rates' (found here: http://www.fxstreet.com/rates-charts/forward-rates/) it should be a good addon if an indi could be made to draw the trend (the 'forward rates' & its moving average)

could you explain it better?? I'm a little "slow"...
Make an example... please.
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  • #94
  • Oct 31, 2014 6:40am Oct 31, 2014 6:40am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Quoting Fabiofx
Hi Sym, It would have as to include the SP500? Excellent work, congratulations. Regards.
New release 1.4 in post #1. You must update COT_report file with the new one in zip file.

Added SP500 index as requested.

I thought about changing thread name into COT INDI ON DEMAND (just joking)

Have a nice day
Attached Image (click to enlarge)
Click to Enlarge Name: sp500.JPG Size: 193 KB
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  • #95
  • Oct 31, 2014 3:10pm Oct 31, 2014 3:10pm
Quoting dinofx
Very nice thread Thanks sym and im glad to see 'open interest' added too but as COT draw the big picture, im also following something less 'static' like 'forward rates' (found here: http://www.fxstreet.com/rates-charts/forward-rates/) it should be a good addon if an indi could be made to draw the trend (the 'forward rates' & its moving average)
How do you use these to your advantage?
  • #96
  • Edited 5:01am Nov 1, 2014 4:05am | Edited 5:01am
what i'm checking with 'open interest' :
- is the trend seen on MT4 (or else) chart positively correlated or is there a divergence ?
In an uptrend or downtrend, if you see rising open interest you may rest assured that the trend is backed by new money.
In an uptrend or downtrend, if you see falling open interest then you can suspect that the trend does not have the overall bullish or bearish sentiment to back a continuation of trend.

sources :
https://www.forexrazor.com/en-us/sch...rrency-futures
http://www.investopedia.com/articles..._sentiment.asp
http://www.fxstreet.com/education/re...mo/2007/06/19/

- these possible divergences are highly profitable when they are seen near major supports/resistances (day/week/month)

That's it : the big players (banks/central banks/funds) have data in realtime, and we (the retails) only can guess what they are really doing. 'open interest' data is what we can check to get the realtime trend confirmation/divergence (cot is published to slowly and is quickly outdated; so the need to follow the realtime trend with 'open interest' and/or some related correlated, but less closed, like sp500)

Hopes you catch the real benefit to use it, but right now i've not found an mq4 indi for catching/drawing that data in realtime (im not a coder, and this need to use some windows functions to use url)

The second data to follow is 'forward rates' to compare with 'open rates' : comparing the 'actual' with the 'future' to know about possible divergence here too.
http://www.investopedia.com/articles...ate-parity.asp
http://www.fincad.com/derivatives-re...d-futures.aspx

note: i also follow some data given by the broker : when its swap (not spread) is changing near support/resistance (here too we still need an indi drawing the historical swap data, with its moving average to warn when the ma is crossed)
  • #97
  • Nov 1, 2014 5:53pm Nov 1, 2014 5:53pm
Thanks for the education dino.
  • #98
  • Nov 2, 2014 1:01pm Nov 2, 2014 1:01pm
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Quoting dinofx
what i'm checking with 'open interest' : - is the trend seen on MT4 (or else) chart positively correlated or is there a divergence ? In an uptrend or downtrend, if you see rising open interest you may rest assured that the trend is backed by new money...
Hi Dino

thanks... Do you mind to explain me (by PM as well) what you need from this new indi?
I don't know if I can do it, but I can try to do it...
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  • #99
  • Nov 2, 2014 1:05pm Nov 2, 2014 1:05pm
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Update COT_report in post #1.

Have a great new week.

For those in NYC... enjoy your marathon... I was there 2 years ago, but unluckily Sandy was there as well. What a pity.
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  • #100
  • Edited 7:27am Nov 6, 2014 2:53am | Edited 7:27am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Hi people

this below is a breakout strategy based on BIG INVESTORS NET POSITIONS (red line) on EURUSD.

I know it's easy to speak after an event, but this stategy has potential. It only needs time to be profitable...

For the future, as I wrote before, EURUSD could test 2012 low or even 2010 low, but numbers says EURUSD is going UP.

That's can happen next week or next month or in a few months, it dosn't matter. Big speculators need money and usually they buy low.

Our task is to guess what "low" means for them... (easy enough?)


Have a nice day.
Attached Image (click to enlarge)
Click to Enlarge Name: eur.jpg Size: 297 KB
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