What do you think about IFR - Major Positions Summary?

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What do you think about IFR - Major Positions Summary?

Postby xtremeforex » Wed Nov 17, 2010 3:17 pm

I use this effectively as the catalyst for my custom bot to make an initial start decision on whether to be in long or short mode when it begins trading the day or week.

It does seem to work reliably and their information appears to be reliable about the overall trend.

I just want to see a show of hands if anybody else finds their information useful and reliable as well?

I am planning to somehow parse their position summary as an input to my bot so that it can make the short/long start decision on its' own instead of I manually starting/stopping the bot whenever IFR decides to change their position direction (which doesn't happen often - good).

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Postby Relativity » Fri Nov 19, 2010 4:02 pm

This seems to be similiar to trading based on odana open orders ratio. Possibly useful, since there are traders who trade this way successfully.

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