Algokid

PAIR TRADE (ETF) XME VS EWG

AMEX:XME   SPDR S&P Metals & Mining ETF
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PAIR TRADE : XME (METAL & MINING) VS EWG ( GERMANY)

CORRELATION : 87 % , based on the past 100 days
Co -integration: 0.90

LONG XME GREEN) @ 42.13
SHORT EWG (RED) @ 23.26

Avg trade length : 20 days

75 % winning rate for this pair over the past 3 years

P.S : Thanks for the new feature Tradingview, very cool. Keep up the awesome work :) .

Algo

Comments

Closing this pair with a profit .

Selling XME @ 46.40
covering EWG @ 24.99

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