@Riskyman, sorry I would not be able to comment on your system without more details, as there are many ways one can trade pairs. Maybe you can improve by trying to identify pairs with good stationarity and half life values, also if you take NIFTY 500 as your stock universe you can get more than 2000+ pairs daily some of which are not commonly tracked by many so higher chances of success. With so many options one can easily select pairs with higher significance value of 0.01(99%) instead of the typical 0.05(95%).
However I agree with you that having deep pockets definitely helps as one can take bigger positional trades & can also diversify for risk control. My intention was just to encourage people to explore new Ideas which are low risk and not get discouraged that it applies only to institutional players. Who knows they can come up with new ideas and share it in the forum here...
. Also I read few other threads where people were trying 1st candle break out strategies which are discretionary and I felt it is difficult to be consistent that way, instead if they trade that same method systematically with a clear statistical edge it will give better results.
Usually I dont day trade, however just to show that it works and give confidence to whoever is interested I took trades in these 3 pairs today: (Each Stocks worth 25K, total margin 18.5K on zerodha)
ALBK-ANDHRABANK --> Both trades got executed, hence one is negative and the other positive.
TATAMTRDRV-TATAMOTORS --> Only TATAMOTORS got executed
BANKBARODA-UNIONBANK --> Only UNIONBANK got executed.
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