Looking to create a pair trading strategy. Also looking for tools that can help create positive and consistent returns from pair trading in stock market and commodity.
You should give this website a shot http://pairtradeanalyser.com/
They have the desktop application which give you various statistical values for taking a decision for pair trading. Also they have a section of application where one can test the strategy which is working or not.
The best thing I liked about their application is that they have an option for 1SD, 2SD and 3SD one can choose the trade ideas by using the filter.