ASX Stock Pairs Trade Journal

[Freddy]

Good to hear. Thanks for the update.



I don't know if IB is the right broker for pairs trading... IB doesn't offer enough leverage and have less number of stocks available for shorting. Although it's been a few years since I used IB for trading so things could have changed.

I don't understand why you'd need the "force open" functionality with pairs? Unless you also trade outrights using the same account... and happen to have a signal to short XYZ while you happen to hold it long under a different strategy.

Thanks for the info on IB. The reason I was contemplating them was their connection to PTF PRO for Aussie stocks update considering the kerfuffel going on about Yahoo stopping.

"Force Open" allows me to keep separate trades listed for the same stock, then I can just do a simple close on the one I need, leaving the other open.

Are you getting any news on the Yahoo story?

 

[skc]

Thanks for the info on IB. The reason I was contemplating them was their connection to PTF PRO for Aussie stocks update considering the kerfuffel going on about Yahoo stopping.

IB charges an inactivity fee so I guess you might as well trade with them if you have an account...

"Force Open" allows me to keep separate trades listed for the same stock, then I can just do a simple close on the one I need, leaving the other open.

I see. Might take an extra few seconds to put on trades and a bit more book keeping on individual trade P&L...but it doesn't sound like a dealbreaker.

Are you getting any news on the Yahoo story?

I've heard nothing...

 

[VSntchr]

Latest update is that v3.28 will have an upgraded datafeed that will support the yahoo changes. Although this comes at a price, even to 'lifetime license holders'.

Interesting that this new version is outlined to have improvements and bug fixes, which I recall were already suggested for V3.27? I found 3.27 to be just as slow, if not worse than earlier versions..

Pro subscription version is going to be $599 p/a and released later this month..

 

[skc]

Latest update is that v3.28 will have an upgraded datafeed that will support the yahoo changes. Although this comes at a price, even to 'lifetime license holders'.

Interesting that this new version is outlined to have improvements and bug fixes, which I recall were already suggested for V3.27? I found 3.27 to be just as slow, if not worse than earlier versions..

Pro subscription version is going to be $599 p/a and released later this month..

So what are you doing about this? Will you take up v3.28, or continue to limp with 3.27 whilst waiting for the Pro version? Or will you do something else altogether?

I am a bit undecided but leaning towards getting v3.28 just as a back up. It's not that expensive so even if it stops working in 6 months on the next Yahoo update it's not the end of the world.

Plus I haven't seen the pro version so v3.28 could be as good as it gets. Hopefully a trial will be made available soon.

 

[VSntchr]

So what are you doing about this? Will you take up v3.28, or continue to limp with 3.27 whilst waiting for the Pro version? Or will you do something else altogether?

I am a bit undecided but leaning towards getting v3.28 just as a back up. It's not that expensive so even if it stops working in 6 months on the next Yahoo update it's not the end of the world.

Plus I haven't seen the pro version so v3.28 could be as good as it gets. Hopefully a trial will be made available soon.

Still thinking about it.
I haven't been pair trading at all since the issues as my personal situation has been a bit all over the place. Combine that with current market conditions and the end result has been that I've been almost purely intra-day trading.

I've been playing around a bit with Edman's (thanks again) workaround, but haven't been able to give it enough time to master yet.
So given all that - I won't be buying the 3.28 version yet. I'll consider the Pro version when it arrives, but would definitely need a trial first I think..

 

[Freddy]

As

Still thinking about it.
I haven't been pair trading at all since the issues as my personal situation has been a bit all over the place. Combine that with current market conditions and the end result has been that I've been almost purely intra-day trading.

I've been playing around a bit with Edman's (thanks again) workaround, but haven't been able to give it enough time to master yet.
So given all that - I won't be buying the 3.28 version yet. I'll consider the Pro version when it arrives, but would definitely need a trial first I think..

I have said, I have been beta testing the PRO version and it quite stable now (since 1 May 2017). Loading up is about 10 times faster than 3.27. PRO is worth it just for the alerts now working. Just got an alert so here is what you get:
04/07/2017 Enter Trade EVN/NST - Buy Long 4484 shares of EVN at 2.23/share, Cost Basis 9,999.32, Sell Short 2114 shares of NST at 4.73/share, Cost Basis 9,999.22, Layer 1, Group: ASX
They send these alerts through an Amazon server.

 

[VSntchr]

As

I have said, I have been beta testing the PRO version and it quite stable now (since 1 May 2017). Loading up is about 10 times faster than 3.27. PRO is worth it just for the alerts now working. Just got an alert so here is what you get:
04/07/2017 Enter Trade EVN/NST - Buy Long 4484 shares of EVN at 2.23/share, Cost Basis 9,999.32, Sell Short 2114 shares of NST at 4.73/share, Cost Basis 9,999.22, Layer 1, Group: ASX
They send these alerts through an Amazon server.

Not sure about selling NST at $4.73 today

That's great the alerts are working well for you though.
I don't use that function so it's not of much use for me. The faster software speed is good if it stacks up...

 

[Freddy]

Not sure about selling NST at $4.73 today

That's great the alerts are working well for you though.
I don't use that function so it's not of much use for me. The faster software speed is good if it stacks up...

So PTF PRO is now out and this is my 4th month of action. I am up to 17 trades in this time and showing a profit. Admittedly, I am screening the selections made by PTF. Email alerts make life with the market more acceptable. I can go out and know that PTF will send me an alert. Then I use TeamViewer to access my home PC, do a quick analysis, check for news and either make or reject the trade.
Life can't get better than that.....

 

[skc]

http://www.afr.com/markets/equity-m...up-a-trader-in-just-one-month-20170906-gycew5

Article on the Fin Review about the performance of the Absolute Equity Performance Fund.

NB: The title is nothing like the content - we are in an era where even the Fin Review needs click bait titles.

 

[SilverRanger]

http://www.afr.com/markets/equity-m...up-a-trader-in-just-one-month-20170906-gycew5

Article on the Fin Review about the performance of the Absolute Equity Performance Fund.

NB: The title is nothing like the content - we are in an era where even the Fin Review needs click bait titles.

I'm guessing these funds' pair trades tend to be more thematic than stat arbitrage (I'm not sure they even cared about mean reversion) , and given their size they probably don't move in & out as much as we do. Sometimes it's probably good to be minnows

 

[Freddy]

I'm guessing these funds' pair trades tend to be more thematic than stat arbitrage (I'm not sure they even cared about mean reversion) , and given their size they probably don't move in & out as much as we do. Sometimes it's probably good to be minnows

Yahoo Feed For PairTradeFinder
My feed has stopped as of Close of Trade 13 November 2017.
Has anyone else experienced this?

 

[Freddy]

Yahoo Feed For PairTradeFinder
My feed has stopped as of Close of Trade 13 November 2017.
Has anyone else experienced this?

PTF has been informed and they are trying to figure a solution. I have contacted IG Markets and they have an API which may be useful for PTF to create the necessary link....

 

[Dhamu]

Is anyone still active in this group? I have just come across PTF and would like some feedback on the platform. I am just about to give the trial a crack and also trade the ASX market. Cheers.

 

[Freddy]

Is anyone still active in this group? I have just come across PTF and would like some feedback on the platform. I am just about to give the trial a crack and also trade the ASX market. Cheers.

I am using PTF ask away. Selecting pairs is the key to using this software.

 

[pabloran]

only because i picked it in stock competition and i need to make a comment....omen pick