Passed XLNX/NVDA. Went long into AGU/POT at 0.4372 even though it did not pop into my scanner (It should have).
Closed 2 trades for nice profits, portfolio at all time high. Sold JBHT @ 25.66 Covered KNX @ 16.09 Sold TNP @ 18.91 Covered OSG @ 31.43 New trade Long ZEUS @ 16.51 Short SIM @ 5.64
Great job. i have you at over 150% IRR or something ridiculous like that. FYI I'm still running > 80% IRR but my selections don't seem to make as much money as yours per trade. But, here's something i just noticed today the last 17 trades I closed were all winners! Now I'll jinx myself. My oldest few open ones which are typically bigger losers arn't doing bad either. Maybe i'm learning! Mike
Did anyone here backtested: a. Time stop (always exiting trades if they have not reached the mean after n days, e.g. n=6 or n=8) . b. Stoploss based on standard deviation, or percentage loss, or other criteria. In the past I have analyzed a number of past trades and seemed to me that an overall time stop (would have improved results, but I did not look at enough trades to be statistically significant, and I do not have the tools or ability to program a backtest.
Im actually in the process, brother. Im trialling a triple exit system. Im entering at 10% divergence. Adding to both positions at 15%. EXIT either at: 1/ Reversion to the mean 2/ Maximum stop loss at 20% (that should never or very rarely get hit - pretty much a disaster stop) 3/ And time based exit after X number of days. I will have to optimise which X works best. (Whichever comes first) I will post the results here as they become available, hopefully in the next several weeks. Has anybody else trialled similar sorts of exits? Particularly time-based?
Just a question - is there any noticeable differences in terms of performance / risk in doing pair trading on a CFD account as compared to a spread betting account? Any thoughts at all?
I did not doubt your trade but there seems to a software problem with PTF. The PTF software has different numbers now than the screenshot that you submitted on 4/30. They are now showing no signal on that day. Have you ever noticed this before?