MetaCOT 2 is a set of indicators and specialized utilities for analyzing reports of the U.S. Commodity Futures Trading Commission (CFTC). Thanks to the reports issued by the commission, it is possible to analyze the size and direction of the positions of large market participants, which brings the accuracy of long-term price forecasting to a new, higher-quality level, inaccessible to most traders.

These indicators related to fundamental analysis can also be used as an effective long-term filter when entering a medium-term position. To do this, they should be combined with the classical price analysis. The indicators in the MetaCOT series are based on the book “Secrets of Trading in the Futures Market” by Larry Williams. Act with the insiders.” You can also read about the work of these indicators in the article of the same name Meta COT Project-new Horizons for analyzing CFTC reports in the MetaTrader 4 terminal.

This utility downloads and automatically updates the reports provided by the commission, saving them to a special database that is used for the operation of the MetaCOT 2 series of indicators. The entire download and installation process takes place automatically, which greatly simplifies the work with these types of data in the MetaTrader terminals.

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