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Re: COT report trading in Metatrader
I have been working on a COT system myself but it won't be automated. In looking at the COT data and comparing it to currency pair prices in a spreadsheet, I do believe I have found some fairly obvious trends and patterns. But I am just now starting to test the theories I've developed. At this point, I don't know for sure if it will be a standalone leading indicator or if it will simply be another confirmation indicator.
The COT data itself is quite simple and I would encourage anyone who is interested in looking at a derivative indicator to explore the options.
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