We must learn who is gold, and who is gold plated
Brent crude oil 15 replies
Energetic H1 Strategy (Crude/Brent/Gas) 438 replies
Buy Brent-Crude Oil w/target @ $35 0 replies
What kind of data does my broker provide for Brent Crude Oil? 0 replies
Hedge WTI and Brent Oil 1 reply
Disliked{quote} Thanks for your detailed explanation! Still a few questions left for me: How can I access this chart? Do I need an account with thinkorswin for that? Or is it also available on other platforms/brokers? Is it possible to have a backtest on this? Would be greatIgnored
Disliked{quote} Thanks for your detailed explanation! Still a few questions left for me: How can I access this chart? Do I need an account with thinkorswin for that? Or is it also available on other platforms/brokers? Is it possible to have a backtest on this? Would be greatIgnored
DislikedHow can I access this chart? Do I need an account with thinkorswin for that? Or is it also available on other platforms/brokers?Ignored
DislikedAm I doing this right? {image} Been holding this for 18 hours now. {quote}Ignored
Disliked{quote} My pleasure Hoffi4201! {quote} The Thinkorswim platform makes pairs trading easy so its a good option. I'm not sure who else has something built in for this, but you could do it with any platform that has a built in scripting language (Ninjatrader, Tradestation, Tradingview, etc.) {quote} Its definitely possible to backtest it. Backtesting is a weakness for Thinkorswim so its best to do it with a different platform. I'll look into backtesting with R tonight, but I'm still gaining proficiency with it so I'm not making any promises. lol...Ignored
Disliked{quote} My pleasure Hoffi4201! {quote} The Thinkorswim platform makes pairs trading easy so its a good option. I'm not sure who else has something built in for this, but you could do it with any platform that has a built in scripting language (Ninjatrader, Tradestation, Tradingview, etc.) {quote} Its definitely possible to backtest it. Backtesting is a weakness for Thinkorswim so its best to do it with a different platform. I'll look into backtesting with R tonight, but I'm still gaining proficiency with it so I'm not making any promises. lol...Ignored
DislikedWow, there are a lot of good ideas in this thread. I don't know why I never noticed it before. One thing to keep in mind too - sanctions can cause the Brent/WTI spread to widen to record levels. If I were in a spread position I would just make sure I kept my eye on potential conflict in the middle east.Ignored
Disliked{quote} Yep, you're right. Trade friction has been a big fundamental driver of the spread and it is a major risk to a mean reversion strategy. {quote} Actually if you have 30m or 1h Brent and WTI data in csv that would be really useful. I can't directly export it from my platform so I'd either have to try use TD Ameritrade's API or resort to using daily data from another source. I think daily is too high of timeframe for this.Ignored
Disliked{quote} I think you are. I've been holding mine for almost the same. {image}Ignored
DislikedThank you guys for digging my old thread Have traded with this strategy for around 6 months in 2015 ,and left after that as the spread widens will test it out now ,how it goesIgnored
DislikedHi guys WTI and Brent are more or less the same product. They have both the same fuel value. For this reason both should cost the same. The spread is not because one of them is better but of imbalance. I hope you understand what I want so say. So what is the fair value of one barrel oil? We don't know. But we can assume that it is not the price we see. I would trade the higher one short and the lower one long. BUT only with the exact same risk! NOT the same position size as mentioned above. This is important because if the risk is different it is...Ignored
DislikedCan anyone kindly explain what dictates/affects the overnight rates in Brent and WTI? I've searched google but to no avail. Is it just the current forward rate based on the current futures price of both?Ignored