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Rick,
Have you also considered trading the futures contract? The liquidity, speed of execution, lack of
slippage, no uptick rules, and probably as much leverage as you want (or can stand) can be had by
trading the NQ (Nasdaq Mini). If this is an IRA or some other regulated account, then I'd see why
you can't, but if you have the choice, it may be worth a look.
Dave Nadeau
Fort Collins, CO
--- wavemechanic <wd78@xxxxxxxxxxxx> wrote:
> 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
> ----- Original Message -----
> From: Rick Parsons
> To: 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. 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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