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Hi Yuki,
It appears from your reply that it is not possible to account for
margin interest charged. This should certainly be added. Metastock
calculates this to the penny and it can be considerable over time.
Thanks for the reply
Haders
--- In amibroker@xxxxxxxxxxxxxxx, "Terry" <MagicTH@xxxx> wrote:
>
> Yuki,
>
> I see you are correct in which case there is mention of
> double MarginLoan in the Help files under "Porfolio Backtester
Interface
> Reference Guide - preliminary documentation" that might work.
> --
> Terry
>
> -----Original Message-----
> From: amibroker@xxxxxxxxxxxxxxx [mailto:amibroker@xxxxxxxxxxxxxxx]
On
> Behalf Of Yuki Taga
> Sent: Thursday, January 12, 2006 15:37
> To: Terry
> Subject: Re: [amibroker] Interest charges for margin
>
> Hi Terry,
>
> That was not his question. He wants to know how *negative* interest
> (you pay to borrow your own cash when buying or selling on margin)
> can be computed.
>
> I've often thought it's a missing component in AB. I often use a
> margin account for a position that will be very short term: the
> vastly reduced commission more than offsets any margin interest.
>
> One way to accomplish what he wants is just to pad the commissions a
> bit to compensate. But IMHO there ought to be a specific setting for
> it.
>
> Padding the commissions provides a very rough estimate of something
> that could (and IMO, should) be accomplished to the penny (or yen).
> Some people (not me) hold margin positions over quite varying
lengths
> of time. There is not only the length of time to consider, but the
> number of times you do it even short term -- although the latter is
> easy to accomplish by padding commissions.
>
> I've never understood why this is missing, when cash balance
positive
> interest is carefully calculated. I don't know how it works in the
> US, but at most brokerages in Japan, any margin trade automatically
> removes the entire cash balance from an MRF (money reserve fund),
for
> use as margin collateral. (At most firms here, you cannot run *any*
> MRF balance if you are doing any margin business at the same time.
> However, with our interest rates, it hardly matters right now.)
>
> In any case, I find it odd that this is missing. It's real, and is
> part of what determines ROI. We should not have to 'kludge' to 'get
> near' it.
>
> Yuki
>
> Friday, January 13, 2006, 6:10:12 AM, you wrote:
>
> T> Interest is computed whenever you are in cash. Go to Settings in
AA.
> T> General Tab has a place to set Annual Interest Rate.
> T> --
> T> Terry
>
> T> -----Original Message-----
> T> From: amibroker@xxxxxxxxxxxxxxx
[mailto:amibroker@xxxxxxxxxxxxxxx] On
> T> Behalf Of haders2003
> T> Sent: Thursday, January 12, 2006 13:22
> T> To: amibroker@xxxxxxxxxxxxxxx
> T> Subject: [amibroker] Interest charges for margin
>
> T> Hi
>
> T> I'm new to AB, but have used Metastock and Tradestation
previously.
> T> I'm quite impressed with AB so far, but cannot see how I can
make
> T> allowances for interest charges when using margin.
>
> T> Any help is appreciated.
>
> T> Regards
>
> T> Haders
>
>
>
>
>
>
>
>
> Please note that this group is for discussion between users only.
>
> To get support from AmiBroker please send an e-mail directly to
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>
> For other support material please check also:
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>
>
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