The U.S. Commodity Futures Trading Commision (CFTC) produces a publication every Tuesday called the Commitments of Traders Report (COT). This report shows the amount of open interest on currency futures traded on the Chicago Mercantile Exchange. COT shows how many traders are long or short a particular currency pair. This valuable data is interpreted as market sentiment, which traders use to trade on the correct side of the trend.
This COT MT4 indicator pulls data directly from the CFTC website and plots it directly below an MT4 chart in an easy to read format.
Three lines are displayed to represent Commercial, Non-Commercial and Non-Reportable positions as defined by the CFTC. Supported Currency pairs include: EUR/USD, GBP/USD, USD/JPY, USD/CAD, USD/CHF, AUD/USD, NZD/USD, and USD/MXN.
Common Definitions of CFTC terms:
Common/Commercial: Entities using the futures contracts for legitimate hedging*
Non-Common/Non-Commercial: Hedge funds, banks and other large institutions acting as speculators
Non-Reportables: Retail Traders
*Hedging is not available on FXCM LLC
The application displayed on this page does not take in to consideration your individual personal circumstances and trading objectives. Therefore it should not be considered as a personal recommendation or investment advice. Past performance is not indicative of future results. There is no guarantee that the systems, trading techniques, trading methods, and/or indicators will result in profits or not result in losses.
This indicator is only compatible with FXCM MetaTrader 4 software, build 600 or higher. It does not operate on MetaTrader 4 software provided by any other brokerage. Additionally, an FXCM account is required (including free FXCM demo accounts).