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FREE Institutional Forex Indicator Tool

  • #1
  • First Post: Mar 10, 2015 5:21pm Mar 10, 2015 5:21pm
Do you know what gives Institutional Traders higher edge than ordinary traders? Simple.... They see, and have much data that gives them serious advantage over retail traders. Here's a FREE Institutional Trading Tool that displays exactly what they see (Live Data From MyFxbook API, Info on 70+ Symbols, Up to 100,000 Live Traders Positions, Short vs. Long - Positions Ratio in Percent, Positions Volume, Number of Positions) and many more useful information that displays right on your chart that will guide your trading decisions. Totally FREE....

Download Here: http://www.forex21.com/forex-insider...a_bid=34402bb8
Or
See more Information: http://fxtradecity.blogspot.com/p/fx...l#ForexInsider
  • #2
  • Mar 10, 2015 5:58pm Mar 10, 2015 5:58pm
Institutional traders want clean raw data from interbank platforms like Reuters and EBS
That data doesn't come cheap.
  • #3
  • Mar 10, 2015 6:22pm Mar 10, 2015 6:22pm
Quoting Onyebuchim
Do you know what gives Institutional Traders higher edge than ordinary traders? Simple.... They see, and have much data that gives them serious advantage over retail traders. Here's a FREE Institutional Trading Tool that displays exactly what they see (Live Data From MyFxbook API, Info on 70+ Symbols, Up to 100,000 Live Traders Positions, Short vs. Long - Positions Ratio in Percent, Positions Volume, Number of Positions) and many more useful information that displays right on your chart that will guide your trading decisions. Totally FREE.... Download...
thanks!
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  • #4
  • Mar 10, 2015 6:27pm Mar 10, 2015 6:27pm
Although nobody will listen, I'll tell you what makes them successful compared with retail traders, and why they are professional not retail, because they listen to what actually moves the market, the fundamentals. Unfortunately, you can't put this into an indicator, you just have to do the work...
  • #5
  • Mar 10, 2015 6:28pm Mar 10, 2015 6:28pm
Also, based on that indicator, does that tell us to go Long on EURUSD Because the majority (wherever that piece of data has been plucked from) are long. Going long on EURUSD is suicidal...
  • #6
  • Mar 10, 2015 6:40pm Mar 10, 2015 6:40pm
might be useful as a CONTRARIAN idicator - if the majority are long E/U then go short. But I can get the same traders' positions info from Oanda, FXCM, Saxo, Dukascopy,etc.
  • #7
  • Mar 10, 2015 6:59pm Mar 10, 2015 6:59pm
Quoting gravitist
might be useful as a CONTRARIAN idicator - if the majority are long E/U then go short. But I can get the same traders' positions info from Oanda, FXCM, Saxo, Dukascopy,etc.
data is from http://www.myfxbook.com/community/outlook
  • #8
  • Mar 11, 2015 3:20am Mar 11, 2015 3:20am
Thanks for the candid comments. However a cursory outlook on the overall activity of trader's positions can be very useful in determining market sentiment. The indicator serves much as a guide to perceive the market's pulse. Well in statistics if 80% traders are long on a currency then there's a high probability they might be right however other factors should be considered (timeframe, strategies, e.t.c.)......

@Lasty: While we would always have financial limitations as regards the costly indies being used by Institutional traders, thanks to the makers of this indicator who has given something close to 90% for FREE. We would not always need the raw or costly data that comes from reuters to be good traders but with the least accurate info we can do much better.

Now how about giving the indicator a try and see it work live.

Thanks guys
  • #9
  • Mar 11, 2015 3:28am Mar 11, 2015 3:28am
Quoting jakeparkin
Although nobody will listen, I'll tell you what makes them successful compared with retail traders, and why they are professional not retail, because they listen to what actually moves the market, the fundamentals. Unfortunately, you can't put this into an indicator, you just have to do the work...
You are right. As a professional news trader i understand the fact that fundamentals move the market, and the indie might not be too useful there. However every useful information in Forex counts to a positive or negative pip. I recommend this indie mostly for Technical Traders, Long Term Traders, and traders whose trading logic lies on volumes as well as other traders
  • #10
  • Mar 11, 2015 3:30am Mar 11, 2015 3:30am
Quoting mellyfx
{quote} thanks! {image}
You are welcome. Give it a try and share your feedback
  • #11
  • Mar 11, 2015 3:41am Mar 11, 2015 3:41am
doesn't its looks like advertisement?
  • #12
  • Mar 11, 2015 3:46am Mar 11, 2015 3:46am
Quoting Arjun Bajaj
doesn't its looks like advertisement?
Yes of course. This column is meant to advertise or tell members of useful products. The indicator is FREE and useful for Forex Trading depending on how you can use the information to your success.
  • #13
  • Mar 11, 2015 3:30pm Mar 11, 2015 3:30pm
Well if it is free, why not post it it here ?

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  • #14
  • Mar 12, 2015 3:49am Mar 12, 2015 3:49am
Quoting RabbitWolf
Well if it is free, why not post it it here ? ------------------------------------
You can use the link on the 1st post to get it.

or use here: http://www.forex21.com/forex-insider...a_bid=34402bb8
  • #15
  • Mar 12, 2015 4:03am Mar 12, 2015 4:03am
Some key Information from today's analysis on the tool:

Australian Dollar is seriously weak on 17% against a strong NZD at 82%. This implies that more than 100,000 traders are buying the NZD and selling the AUD (AUDNZD). This is evident in the fundamental result of the latest economic news release yesterday.

Gold (XAUUSD) 36% are Short while 63% are Long. On the long term Gold has been under the 200SMA.

EURGBP: 32%/67% About 1,367 positions are short while 2,350 are long

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These and many more information comes from this tool right on my chart. You don't need to minimize your chart while visiting websites to get these useful information. So you save bandwidth and maximize resources.

What's more? It's FREE
  • #16
  • Mar 16, 2015 6:18am Mar 16, 2015 6:18am
A quiet market since the beginning of today. Current market positions reflects the pulse of the incoming economic news events. Traders sentiments since to be holding since last week on Gold, USDJPY and other major USD pairs.

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  • #17
  • Mar 16, 2015 9:05am Mar 16, 2015 9:05am
Thanks for sharing Onyebuchim. I just installed it and it looks very nice. I guess it can be very helpful for trading against the crowd?

Josef
  • #18
  • Mar 16, 2015 9:30am Mar 16, 2015 9:30am
Quoting josef
Thanks for sharing Onyebuchim. I just installed it and it looks very nice. I guess it can be very helpful for trading against the crowd? Josef
My pleasure. I'm glad you found it useful. Trading against the crowd might be risky and useful in some cases, but knowing what the crowd is doing and picking the right from the wrong would be more helpful.
  • #19
  • Mar 20, 2015 4:13am Mar 20, 2015 4:13am
News Trading Today - Statistics From Forex Insider [CA Core CPI 8:30am EST]

Will BOC cut rates further? Current statistics from the Forex Insider Utility Tool shows that 65% (2979 Positions) are short USDCAD, and the same goes for CADJPY with 459 short positions.

The statistic strongly backs up market sentiment for likely rate cuts today due to BOC's previous action that opened the door for further rate cuts. If the actual comes out at 0.8% or higher then BUY CAD or SELL if it comes out at 0.2% or lower.

Attached Image (click to enlarge)
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Forex Insider is FREE. Click here to download: http://www.forex21.com/forex-insider...a_bid=34402bb8
  • #20
  • Apr 8, 2015 4:52am Apr 8, 2015 4:52am
See new video on how Forex Insider works - Live Trade on GBPUSD

Inserted Video


Download: Forex Insider Tool

Forex‬ Insider - First MetaTrader indicator based on Community Outlook section of MyFxbook social network.

With Forex Insider you will know how other traders are trading in the real time. It displays the following information directly on your MT4 chart:

- Overall volume of all Long and Short positions
- Volume ratio between Long and Short positions
- Number of all Long and Short positions
- Average Long and Short entry price as horizontal levels

Data comes from thousands verified real accounts.
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