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RRG - What order types are used for pair trades?
Thanks for your Sector Spotlight series. I am very interested in the segment on Pair Trades and appreciate the Jan 13 blog article "From a Trading Idea to a Position" explaining the creative process. A question to better understand the success of the pair trades. What kinds of orders do you use? Please feel free to cover the spectrum of Stop Limit, OTA, Buy to cover, etc. to understand the entries and exits, from profit and risk management perspectives. I use a simulator to practice, test and improve before deploying capital. Thank you.