Yes Im on their beta testing list, just send an email to them requesting to be placed on the list. They give you a special link to download the lastest update from. Pretty cool the new % from the mean feature, shows the profit potential of each trade and how far in % terms the pair is currently from its mean, good to see in addition to stdev +/- from the mean as the stdev can get smaller in a time period and still produce a signal but for eg, may be only 2% from its mean, when historical divergences average 6%. You can chart it aswell. Also they improved backtesting dramatically, you can see heaps of new readings for each pair like winning %, win/loss, biggest winning trade, biggest losing trade, avg days in trade, etc,, and you can see the equity curve for each pair. I spent Saturday building new watchlists, deleted all my current pairs as heaps had declined in correlation, backtested all my stock groups, ranked them by avg correlation, went through and added all the one's with nice equity curves, I figure the pairs that are working well within the system logic ought to be the best candidates expected to continue to do so, also I make sure that the majority of profits weren't generated from one or two trades. With these pairs the win rate is generally above 70%, win/loss is above 1.00, biggest loss is less than $1,000, avg days in trade is less than 10 and median PnL is above $400. Attached is a screenshot of the new console and backtesting report.
Hello, The correlation shown on PairTradeFinder is the prices correlation or stocks returns correlation? I always looked at prices correlation, but according to a friend, it's possible to get "false" correlations, when looking only on price correlations. Returns correlations should be a better indicator.
Thanks Jonny ! I'll email Jared and see if I get my hands on the beta. Looks like they've been working hard on some of those features so I'm keen to get a sample ! regards Ivan
Closed my third trade at a loss of £31.38. This wasn't indicated by PTF but I felt the trade was going nowhere and it had been 11 days since it was opened. So my current profit stands at £255.96 with open trades in profit of £32.20. All at a £1/pt with my spread betting company CMC.
Hello Johny, I noticed on your last screenshots, that you give some attention to PercentFromMean and PlusMinus indicators. What do you expect to see on those windows? Thanks and keep the good work.