Commitment of Traders Report
ckingher:
Anybody heard of the COT (Commitment of Traders Report).
I believe it is a 3-day late report that shows all positions by big, medium, and small players in the market.
This report can be programmed into a forex indicator, but I believe it just another lagging indicator.
I personally think that this report is late and is useless.
For all know, anything can happen within the three days already.
Smart ones, care to enlighten me????
An article about COT use in MQL4 has been published in Russian about two weeks ago.
It contain some MQL4 code, what can be useful.
Here is the reference (in Russian).
If you have a questions, you can contact author.
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Anybody heard of the COT (Commitment of Traders Report).
I believe it is a 3-day late report that shows all positions by big, medium, and small players in the market.
This report can be programmed into a forex indicator, but I believe it just another lagging indicator.
I personally think that this report is late and is useless.
For all know, anything can happen within the three days already.
Smart ones, care to enlighten me????