New Iris Pairs Platform features: 1. Ability to now Lean Net Long or Net Short up to 30% of your overall portfolio. Iris will automatically adjust all Pair levels according to the set % capital allocation for each, leaning the overall portfolio net long/short as requested. 2. Standard Deviation, Price Ratio, Price Spread, and % Divergence charts now go back 6 months vs the previous 3. **Divergence Pairs Trading ability coming soon**
By popular demand there's now an easy-access Iris demo subscription button added to the website. The demo uses realtime market data which is great for paper trading and becoming familiar with the system prior to live trading.
New features to Iris pairs platform charting: 1. Low / High Price Ratio Alerts can now be set on the charts either by simple point-click or by entering specific P/R values. 2. Price Ratio Mean is now plotted on the chart and lookback can be customized All Charts (standard deviation, price ratio, % divergence) now go back 12 months. PairsGuy
Here's a snapshot of the latest Iris charts. They show the Price Ratio over the last 12 months (red line), with customizable Mean plotted (orange line), the Standard Deviation over the last 12 months (blue line), and the % Divergence/Convergence (not shown) over the last 12 months. Charts can be zoomed to any custom timeframe within the 12 months period simply by point-click. Tick data is used for intraday data points for more accuracy over the last 6 months. All entries/exits for all levels (up to 20) are stored and plotted on the charts for the last 12 months. Custom alerts for entries/exits/general are available for Standard Deviation levels and Price Ratio levels and are easily set by point-click/hot keys/or direct value keyboard entry (see horizontal lines labeled on chart example). And as always Iris charts update realtime throughout the trading day tick by tick. www.chronos-tech.com
I agree not a great thread. Its just pictures, very low quality marketing pitch and devoid of any deep discussion.
Iris now has the ability to place stops (both positive and negative) based on % gain/loss custom to any pair. This is a great feature to use if the trader chooses to manage gains/losses off of percentage moves rather than standard deviation increments.
Many of our Iris users like to know what the normalized and finite $ spread value is of the pair before entering, providing a defined $ amount to be made if the pair converges back to even on the day. For example, after normalizing the prices of two paired stocks, say HD vs LOW, let's say they have spread of $0.50. Therefore, if entered at the current level the trader will make $0.50 if the pair converges back to even on the day. As always, we like to meet our customers needs and now have added this $ Price Spread calculation graphically to our interactive charting as well as into the grids for easy sorting.
In times like this when the market volatility is high (up or down mrkt movement), pairs trading shines. Throw Iris automation into the mix and the stress levels felt by many, many other traders are non-existent. Dow currently down 350 and pairs are performing fantastic. PG