One of the most consistently profitable strategies in the last decade, spread and pair traders have long searched for tools that can help them track, recognize opportunities, and enter/exit spreads and pairs. Panther is the answer.
Panther can not only track an unlimited universe of spreads and pairs, it shows you the Last, Bid/Ask (TRUE bid/ask, where you can enter/exit the spread/pair right now), Moving Average, Standard Deviation, 2nd standard deviation entry/exit points, High, Low, and more.
But here is where Panther tears apart the competition. Want to have your spreads and pairs entered and exited for you? Every other automated spread/pair system we have heard of sends you an alert when the spread/pair hits your target price, and the ones that say they are advanced send you a pop up message, and if you click yes, will then send market orders for each stock to then get you into the spread/pair. Ummm, uhhh. AS IF you will get that price? Not. What about on really thin spreads/pairs also, OUCH!
We have found that most traders using those systems will take the alert and then put the stocks in two level 2’s and try to work the orders themselves after the alert has pooped up. Well, what if it is thin, do you want to spend the next 30 minutes working that spread only to have it move back into line and you never got in and wasted your time? And what about when the market is busy and you get 4 or 5 or 10 alerts at once? Most guys have had to pick the opportunity that they believe has the best reward and try to get that one, many times missing out on all the rest. Isn’t that when you are supposed to make your money?
Well, luckily for spread/pair traders everywhere the geniuses at Morpheus Systems are now letting you have access to Panther. Long the favorite among the elite spread/pair traders, missing opportunities is now a thing of the past.
Panther has taken automated spread/pair trading to the next dimension and beyond. It truly is an automated system. It gets you in and out of your spreads/pairs by floating the bids and asks in the market at the appropriate levels all day long on the follower (usually also the thinner) in the spread/pair, constantly moving and adjusting based on where the leader in the spread/pair is. And not based on the last in the leader, but follower bids are based on leader bids and follower asks are based on leader asks, and they automatically adjust to the momentum of the leader and bids/asks that are too small to execute the hedge, giving you the best chance to get your price always.
Want Panther to even go so far as to figure out your entry and exit points for you? It does. You enter the symbols and ratios you want (20 of the most popular come preloaded) and it will do the rest. It will float orders so right at the second standard deviation, so anytime any of your spread/pairs hit a Bollinger band on a chart, you are in it at that price. And it will float the corresponding orders as long as it takes to get you out back at the median.
And yes, it also can float multiple layers for the same spread/pair (up to 3 layers) to catch those really juicy moves.
Sound too good to be true? It isn’t. It’s here. Panther is crouching, ready to sneak up and snatch the profit out of those spread/pairs for you. All you need to do is download the FREE 1-week demo and see for yourself.
Daytrading involves substantial risk. Please make sure to read disclaimer here