RE: System with two securities

["Rick Parsons" <RickParsons@xxxxxxxxxxxxxxx>]

Thanks, Dave!

This situation came up because I was interesting in UOPIX and USPIX.  One
cannot sell short mutual funds however, USPIX is the "going short" version
of UOPIX but it has to be "bought", not sold short.

For those of you who are not familiar with these Profund funds, these two
mimic the Nasdaq 100 but by using futures and leverage move twice as much up
or down.  If you own these funds directly at Profunds there are no fees or
exchange limits to switch between funds.  These funds can also be found in
the larger brokerages such as Fidelity but you may be subject to exchange
limits and commissions.

http://www.profunds.com/index.html

Rick


-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Dave Nadeau
Sent: Friday, June 29, 2001 1:26 AM
To: metastock@xxxxxxxxxxxxx
Subject: RE: System with two securities


Rick,

The answer is Yes and No.  Yes, you can build a system in Metastock to do
this, 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 Line
indicator that you'd plot on that chart of the two securities.  You'd need
to write IF statements that would say, if system1 sends a trade signal then
Cumulate the close of security1 - previous close of security2 for the
duration of the trade else if system2 send a trade signal then Cumulate the
close of security2....

The sum of those would be your equity line.  Obviously, this is not a
trivial task, but it can be done.

Dave Nadeau
Fort Collins, CO

-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]On
Behalf Of Rick Parsons
Sent: Thursday, June 28, 2001 2:44 PM
To: metastock@xxxxxxxxxxxxx
Subject: System with two securities


I know I can place two securities on a chart.  But is it possible to build a
system where the Enter Long and Exit Long logic will select either one
security or the other security to buy or sell?

Thanks,

Rick


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