Discuss CoT Report Strategy here. It is a based on the weekly CFTC report on Forex futures positions on major US exchanges.
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- Thread starter Enivid
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With the cot report strategy discussed, the pictures I uploaded, one is the screenshot of the cot report showing that i had to buy swiss franc meaning that i sell usdchf but on de screenshot of the market I highlighted the date i had to sell the usdchf but it did the opposite. How to i filter out such fake signals? Please help
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You cannot filter out such fake signals. Trading is probability based activity - you buy and sell when you believe that there is a higher probability for the price going in your direction. It means that the price can (and sometimes will) go against you. Also, considering that the report with February 14 data was released on the trading session close of February 17, the earliest you could trade on it would have been February 20.
Hello, could I have explanations about the difference between strategy 4 and 5? I understood that in 4, for long position, both dealer longs and assetman / Inst longs must have positive change, but, in 5, what should I do?
Thanks so much!
Thanks so much!
The strategy #5 checks for the change in percentage of Dealer longs and Asset Managers / Institutionals longs among all longs.
@marcoilcolla You would need 2 reports to check this strategy's conditions because you are looking at how the percentage values changed. But you would need to look at the Percent of Open Interest Represented by Each Category of Trader:
For example, let's say, the next week the values change like this:
Dealers: 17.0, 24.9, 3.2
Asset Managers: 27.2, 23.7, 3.2
Then, a Buy condition on the strategy #5 is triggered.
For example, let's say, the next week the values change like this:
Dealers: 17.0, 24.9, 3.2
Asset Managers: 27.2, 23.7, 3.2
Then, a Buy condition on the strategy #5 is triggered.
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