Comments on: Whittaker COT Index Variant-A

By: Jeremy Whittaker

Jeremy Whittaker — Wed, 11 Jan 2012 04:05:07 +0000

The one I use is here – http://www.cftc.gov/MarketReports/CommitmentsofTraders/HistoricalCompressed/index.htm

Use the one labeled Excel under 2012

Youre gonna have to open it in excel and save it as a csv file.

By: Gregory

Gregory — Tue, 10 Jan 2012 20:27:29 +0000

I have at least one problem unsolved.
They changed their website. I actually opened this one with Historical Compressed:
http://www.cftc.gov/MarketReports/CommitmentsofTraders/HistoricalCompressed/index.htm

is that correct ?
BUT which one should I download ? I assume Deaggregated cause there is DEA word in Your source file. When I change to CSV – I see only numbers with Your sample file, but NO histogram. How to change it ? which file to choose ? Pls help.
Thank You in advance.

By: Gregory

Gregory — Tue, 10 Jan 2012 18:53:20 +0000

Ok I got Your answer above mine.
Apologize and thank You for Your kindess. God bless Your trading. There is also an excellent trading manual By Frank Paul about COT.

By: Gregory

Gregory — Tue, 10 Jan 2012 18:37:01 +0000

I will not be popular with what I say… but how to read Your indi ?
I still dont see any point how to utilize it to trading any help ? website or forum with instruction ?
I know COT methodology, but Your indi chart doesnt speak to me at all ( Pls help.
Thank You in advance.

By: S.James

S.James — Mon, 20 Jun 2011 14:37:50 +0000

Hi Jeremy,
From your detailed instructions I was able to get the indicator working on my MT$ platform. Excuse me for being ignorant,as I have never used this indicator before. I have an idea what I am looking at. I believe that I am most interested in what the NonCommercial action is as I believe these are the big players. What I am not sure of is what direction they are looking to or are trading at. I could look at my higher time period charts and this could tell me. Can you make any clarification on this?

By: Fxone

Fxone — Mon, 25 Apr 2011 12:37:15 +0000

Thank you. Now it’s working fine. This is Office2007 problem as I thought.

By: Jeremy Whittaker

Jeremy Whittaker — Sat, 23 Apr 2011 16:20:15 +0000

I’ve gone ahead and updated the post with links to the CSV file.

By: Fxone

Fxone — Sat, 23 Apr 2011 10:13:13 +0000

Hello Jeremy, could you upload sample annual.xls.csv file on your site, because I have a lot of problem to run your indicator or EA cause this file. I have Excel2007 and probably there is some problem to export it to properly csv format (I’ve got only 0 values and no error alerts). Best Regards.

By: Andrew

Andrew — Tue, 05 Apr 2011 15:15:11 +0000

Thank you Jeremy. I get the idea.

BTW, love your disclaimers

By: Jeremy Whittaker

Jeremy Whittaker — Tue, 05 Apr 2011 14:24:44 +0000

Andrew,

Unfortunately I’m not a CFA so I’m not allowed to give advice on specific trades. What I would recommend is to look at the data historically and see how it coincides with the actual price movement of the currency pairs.
The way I tested the data was plug all the historical numbers into Metatrader and told it go long if commercial was above 50 then go short if it was below 50. I did this for all the different reports, reportable, commercial, and non-commercial. So this is one way I tested.
The second method I use is more of an overbought/oversold test. If the positions were greater than 70 go short. If the positions were less than 30 go long. You could also try to switch this. If the positions are greater than 70 go long and less than 30 go short.
There are a lot of different ways to trade the COT reports. One thing I can say is do your own tests and come up with your own validations. Most people out there in the Forex world simply relay what they heard from someone else. Which 75% of the time it’s completely loaded.

Disclaimer: All of my advice is on a hypothetical basis and when I refer to Forex and currencies I am referring to a non-existent fictitious market.