Thank you for your support, I had a read at this page:??
which enlightened me a bit; essentially pairs are what I am looking after, however for the two stocks I am after, it cannot be guaranteed, therefore I do not see any interest in using this.
Moreover it only allows a diff trading for convenience, but say you have a stock priced $1 and the other 9$, your pair is co-integrated, you want to buy 9 shared of the first type and sell 1 of the second type.
Well with this tool you only know that you will take a $10 position for your pair, but if you had the 9$ one at a fair price, and the 1$ one you paid a disgusting spread, well your pairs trade is worth much less now because you will have to pay that spread 9 times as opposed to 1 time for the $9 one.
Not sure if the above makes sense, but anyways I will stick to submitting orders 1 after the other, first take position on the $1 at a good limit price, then hedge it immediately with the $9 at any price.
