The Commitment of Traders is a weekly report issued by the CFTC. This report lists the total long and short positions of large traders in the futures market, including banks, hedge funds and manufacturers. Savvy traders have used the COT report for years to make informed trading decisions.
Although the COT report tracks only the futures market, it can be useful as an indicator of demand by large traders who drive much of the price action in the forex market. All of the major currencies are traded in the futures market, and you can track the performance of commodities that drive currency prices, such as gold or oil.
Until now, this information has not been readily available for use in MetaTrader. But now you can get a self-updating suite of indicators for use in your expert advisors, as well as for manual discretionary trading. These indicators are a great addition to any long-term trading strategy.
The COT report is compiled every Tuesday and released the following Friday. The indicator data is updated over the weekend. As such, the COT indicators are useful only for long-term trading, and are not suitable for intra-day or day trading.
The COT Indicator Suite comes with five indicators:
Go to the Features page to learn more about the COT indicators and some example trading strategies.
The COT Update application comes with the COT Indicator Suite. COT Update downloads the Commitment of Traders data from the CFTC website each week.
By default, the eight most popular currencies as well as gold and silver data are available to view in MetaTrader. You can easily add any futures instrument listed on the COT report to view with the indicators.
Unlike other COT indicators on the market, the COT Indicator Suite does not require a data subscription, and there are no recurring fees!
The COT Update program runs on Windows 7/Vista/XP/Server, and requires the .NET Framework 4 to run.
A time-unlimited demo version is available. The demo includes all three indicators and three years of data for the EUR and USD. The COT Update application is not included with the demo. Download Demo Version.
You can purchase the COT Indicator Suite for only $29.95! Remember, there are NO data subscription fees! With your purchase, you'll receive all future program updates! You'll also receive personal email support from the programmer.