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You would need to run an exploration for each fund
(short and long) and combine the results manually. But I suspect you will
find that this is comparable to just using the index. There are many
variables that enter into the funds price that you will not be able to
duplicate. However, the funds will track the index, although day by day
they may either outperform or underperform. Since you cannot take the
fund's variables into account, I think using the index makes more sense.
Check it out and see if you agree.
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A title=RickParsons@xxxxxxxxxxxxxxx
href="mailto:RickParsons@xxxxxxxxxxxxxxx";>Rick Parsons
To: <A title=metastock@xxxxxxxxxxxxx
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx
Sent: Monday, July 02, 2001 1:39 PM
Subject: RE: System with two
securities
<FONT face="Comic Sans MS" color=#0000ff
size=2>I think I understand what you are saying. However, these
Profunds do not duplicate the index exactly.
<FONT face="Comic Sans MS"
color=#0000ff size=2>I could use the index to determine when to buy and
sell. However, this still does not allow me to use the system tester to
"Enter Long" and "Exit Long" two different funds in order to backtest the
results and see how well it does. Or is there a
way??
<FONT face="Vladimir Script" color=#000080
size=5>Rick
<FONT face=Tahoma
size=2>-----Original Message-----From:
owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]On
Behalf Of wavemechanicSent: Friday, June 29, 2001 10:57
AMTo: metastock@xxxxxxxxxxxxxSubject: Re: System with
two securities
Rick:
If you are going to use index funds (ProFund,
Rydex, etc.), instead of trying to develop a system that decides between two
issues, why not just look at the index in terms of being long or
short?
Bill
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A title=RickParsons@xxxxxxxxxxxxxxx
href="mailto:RickParsons@xxxxxxxxxxxxxxx";>Rick Parsons
To: <A title=metastock@xxxxxxxxxxxxx
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx
Sent: Friday, June 29, 2001 9:03
AM
Subject: RE: System with two
securities
Thanks, Dave!This situation came up because I was
interesting in UOPIX and USPIX. Onecannot sell short mutual
funds however, USPIX is the "going short" versionof UOPIX but it has
to be "bought", not sold short.For those of you who are not
familiar with these Profund funds, these twomimic the Nasdaq 100 but
by using futures and leverage move twice as much upor down. If
you own these funds directly at Profunds there are no fees orexchange
limits to switch between funds. These funds can also be found
inthe larger brokerages such as Fidelity but you may be subject to
exchangelimits and commissions.<A
href="http://www.profunds.com/index.html";>http://www.profunds.com/index.htmlRick-----Original
Message-----From: <A
href="mailto:owner-metastock@xxxxxxxxxxxxx";>owner-metastock@xxxxxxxxxxxxx[mailto:owner-metastock@xxxxxxxxxxxxx]On
Behalf Of Dave NadeauSent: Friday, June 29, 2001 1:26 AMTo: <A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxxSubject:
RE: System with two securitiesRick,The answer is Yes
and No. Yes, you can build a system in Metastock to dothis, but
I suspect you would like to do that in the system
tester.Unfortunately, that can't be done.You'd have to write
code in Formula Language to create an Equity Lineindicator that you'd
plot on that chart of the two securities. You'd needto write IF
statements that would say, if system1 sends a trade signal
thenCumulate the close of security1 - previous close of security2 for
theduration of the trade else if system2 send a trade signal then
Cumulate theclose of security2....The sum of those would be
your equity line. Obviously, this is not atrivial task, but it
can be done.Dave NadeauFort Collins, CO-----Original
Message-----From: <A
href="mailto:owner-metastock@xxxxxxxxxxxxx";>owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]OnBehalf Of Rick
ParsonsSent: Thursday, June 28, 2001 2:44 PMTo: <A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxxSubject:
System with two securitiesI know I can place two securities on
a chart. But is it possible to build asystem where the Enter
Long and Exit Long logic will select either onesecurity or the other
security to buy or
sell?Thanks,Rick_________________________________________________________Do
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