Pair Trading Strategy Journal

As I'm trading slightly differently to jonny and also trading UK stocks, I thought I'd share what's happening to my 'book' of trades.

I'm using PTF to enter spread-bet trades with CMC at just £1 per point as I'm still learning.

So far I have closed one trade at a profit (in just 4 days) of £188.39.

I currently have 10 trades open, only 2 of which are losing and which in total are in profit to the tune of £189.11.

At the moment I'm not really filtering the trades as strictly as jonny but I've chosen pairs that have a solid historic correlation of over 70%, have a high percentage of profitable historic trades and good longterm profit. Perhaps my slightly slack filtering will come back to bite me and I'll have to adjust things but that's how I like to work anyway as I learn from my mistakes. But things are looking positive at the moment, although as I've mentioned before, there are numerous shortcomings with the PTF interface which hopefully they will correct in the next version
 
Quote from jonnysharp:

Thanks for the comments guys, well done mlsignups on your results too.

Closed trade for profit

Sold ACGL @ 56.06
Covered ACE @ 43.99

New trades

Long MGG @ 18.85
Short TPP @ 26.12

Long TMK @ 26.28
Short MET @ 28.20
More...

Hey Jonny,

have you got updated software that I don't know about ? Where did you get the % column and percentfrommean chart ? I'm running the same version according to your pic (2.50727) but I can't find those settings...

regards
Ivan
 
Hello

Thank you very much for the help of all the traders that posted in this thread, i l just read it from the biggining and learn a lot, i just downloaded a trial of PT and my first problem is wich sectors to choose to do backtesting if someone could help i would apreciate.

Good trading for all of you



Paulo33
 
Ivan,

I think the charts you are looking for are available under options by clicking on the pear at the top left of the page. You can then choose a charts tab and choose to show four charts - there are six available from memory.

It would be good if all six were available easily, as there are 5 I like to look at to get support for a go/no go decision.

Regards,
oby
 
Quote from oby_2:

Ivan,

I think the charts you are looking for are available under options by clicking on the pear at the top left of the page. You can then choose a charts tab and choose to show four charts - there are six available from memory.

It would be good if all six were available easily, as there are 5 I like to look at to get support for a go/no go decision.

Regards,
oby
More...

Hi Oby,

thanks for the reply, I"m familiar with the 6 charts provided by PTF, however I don't have the "percentfrommean" chart and also the % column when you "analyse pair" . The only columns I have are L & +/-
So I'm wondering how Jonny got these as he appears to be running the same rev code software as what is available from PTF site (which I am) but he has this extra functionality

regards
Ivan
 
Thanks Ivan. I'll check my version when I'm home and let you know. I do recall Johnnie mentioning he was Beta trialing a new version previously, but he'll confirm that.

Cheers
 
Ivan,
I was looking for those too but I suspect jonny has a different, pre-release version to the current download.
One other thing that needs to be looked at imo is a way of being able to save (or highlight) your current traded pairs in the Console. I thought I could do that by clicking on the pin, which made the pair to go the top but it seems 'Save Layout' doesnt save the pinned pairs to the top. This would be handy because with many pairs its difficult to keep track of where your actual trades are.
 
Quote from Dr Who:

Ivan,
I was looking for those too but I suspect jonny has a different, pre-release version to the current download.
One other thing that needs to be looked at imo is a way of being able to save (or highlight) your current traded pairs in the Console. I thought I could do that by clicking on the pin, which made the pair to go the top but it seems 'Save Layout' doesnt save the pinned pairs to the top. This would be handy because with many pairs its difficult to keep track of where your actual trades are.
More...

Yes I know what you mean, we need a separate watch list for open trades. I actually run multiple instances of the program on different PC's, one instance is dedicated to open positions, so no clutter to distract me

regards
Ivan
 
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