Out IYR:IWN at a profit. Smaller profit than targeted, as usual.
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Pair Trading Strategy Journal
- Thread starter jonnysharp
- Start date
Short APC @ 50.75
Long SU @ 32.07
Long SU @ 32.07
The new Alerts feature in PTF - what does it do?
I've set it up but I don't know what it does. The test email works.
What I'd like is to select the pairs I'm holding, choose ratios to trigger an alert, and when those ratios are reached have PTF give an audible alert and send me an email, but only on the pairs I've chosen. I can then exit and take my profits.
Can anyone tell me what the Alerts feature does?
Second question. They have offered a new service to provide subscribers with emails for buy signals, separate from the PTF software on my computer. Is this simply sending the same signals that I get from my PTF software, including all the false positives, or is some human going over the signals they get, and cherry picking the ones to alert subscribers? Any idea? Anyone using the service? I've emailed them, but no response after a week or so.
Walt B
I've set it up but I don't know what it does. The test email works.
What I'd like is to select the pairs I'm holding, choose ratios to trigger an alert, and when those ratios are reached have PTF give an audible alert and send me an email, but only on the pairs I've chosen. I can then exit and take my profits.
Can anyone tell me what the Alerts feature does?
Second question. They have offered a new service to provide subscribers with emails for buy signals, separate from the PTF software on my computer. Is this simply sending the same signals that I get from my PTF software, including all the false positives, or is some human going over the signals they get, and cherry picking the ones to alert subscribers? Any idea? Anyone using the service? I've emailed them, but no response after a week or so.
Walt B
Passing:
APC:SWN
EXC:CNP (div)
APC:SWN
EXC:CNP (div)
Out IWS:IJR on small profit.
It seems like PTF bases its calculations heavily on the "ratio" of two equities. However, isn't there a problem with the arbitrary choice of which stock is the numerator and which is the denominator?
I agree it's a good idea to keep things simple and I don't intend to get too overly mathematical. But the ratio ABC/XYZ will obviously behave differently from the ratio XYZ/ABC. Numerically, it will also affect other calculations based on the ratio, such as PlusMinus, PercentFromMean, etc. The difference may not be significant and the signals may still get triggered around the same time so in the end it may or may not matter.
Does anyone here have any thought on this?
I agree it's a good idea to keep things simple and I don't intend to get too overly mathematical. But the ratio ABC/XYZ will obviously behave differently from the ratio XYZ/ABC. Numerically, it will also affect other calculations based on the ratio, such as PlusMinus, PercentFromMean, etc. The difference may not be significant and the signals may still get triggered around the same time so in the end it may or may not matter.
Does anyone here have any thought on this?