Commitments of Traders report is released by CFTC every Friday and contains the traders on long and short futures and options positions throughout Report exchanges. Among other things it includes data on the following currency pairs: It is believed that using commitment reported report on the number of "smart money" positions taken in a given pair, a Forex trader may skew winning chances in his favor. The report contains a rather big set of quantitative characteristics based on five classes of traders:. The most simple way would be to buy a currency pair whenever the number of Dealer long contracts rise and short contracts fall. Of course, there are numerous modifications possible based on commitment some other categories into the formula or report additional market data for entries or exists. The backtesting results of more than thirty strategies based on CoT reports have shown that most of such strategies following Dealer trades offer a positive edge in long-term perspective. The most consistent strategy is presented below. The execution of this strategy is also uncomplicated. Every CoT report has a separate field for changes in positions compared to the previous report, so there is no need to calculate anything. All 7 major currency pairs can be quickly checked and the respective entries and exits executed. There is no stop-loss, take-profit or any additional exit conditions. Previous position is closed when a new position in the opposite direction traders entered. The traders of the position does not increase when a new CoT report shows an entry signal in the same direction. Below is an example of five trades executed during the Summer of based on the strategy of following the positions of Dealers and Intermediary commitment. The first entry is a short signal generated on July 6, The following Commitments of Traders report shows the reason for entry. The data in the report are valid as of July 3, The position is closed next Friday, July 13,forex the report with data for July 10 is released. It shows a rise in long contracts and drop in short contracts, which is a signal for a buy trade the first number is longsthe second is shortsand the last report is spreadingwhich is not used in this strategy:. A CoT report released on July 20 shows that both the number of long and the number of short contracts increase compared to previous report. It means that the position remains open for one more week. The long position lasts for two weeks as it is closed on Forex 27 using the data for July A short position is opened in stead of the long one. On August 3, when the report with July 31 data becomes available, it only confirms the short position:. August 17 brings an end to this short trade as the Dealers' long positions commitment while their short bets are dropping. A long position is opened immediately. It survives for one week only as the next CoT traders reverses the situation:. Use this strategy at your own risk. It is not recommended to use this strategy on the real account without testing it on demo first. Do you have any suggestions forex questions regarding this strategy? You can always discuss CoT Report Trading Strategy with the fellow Forex traders on the Trading Systems and Strategies forum. Design — Mart Report. MT4 Forex Brokers MT5 Traders Brokers PayPal Brokers WebMoney Brokers Oil Trading Brokers Gold Trading Brokers Muslim-Friendly Brokers Web Browser Platform Brokers with CFD Trading ECN Brokers Skrill Brokers Neteller Brokers Bitcoin FX Brokers PAMM Forex Brokers Brokers for US Traders Scalping Forex Brokers Low Spread Brokers Zero Spread Brokers Micro Forex Brokers With Cent Accounts High Leverage Forex Brokers cTrader Forex Brokers UK Forex Brokers ASIC Regulated Forex Brokers Swiss Forex Brokers Canadian Forex Brokers Spread Betting Brokers New Forex Brokers Search Forex Interviews with Brokers Forex Broker Reviews. Forex Books for Commitment General Market Books Trading Psychology Money Management Trading Strategy Advanced Forex Trading. Forex Forum Recommended Resources Forex Newsletter. Forex Course Forex for Dummies Forex FAQ Forex Glossary Guides Payment Systems WebMoney PayPal Skrill Neteller Bitcoin. Contact Webmaster Forex Advertising Risk of Loss Terms of Service. Please disable AdBlock or whitelist EarnForex. EarnForex Forex Tools Forex Strategies. Please, disable AdBlock extension in your browser.
How to Use the Commitment of Traders (COT) Report
How to Use the Commitment of Traders (COT) Report
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We cannot provide any kind of advice, explanation, opinion, or recommendation about possible legal rights, remedies, defenses, options, selection of forms or strategies.