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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?


To: RFH who wrote (10478)3/18/2000 10:12:00 AM
From: Bernie Goldberg  Respond to of 18928
 
Hi,
PCA looks only at the prices you give it. It doesn't place orders. It's purpose is to show what if. It uses the closing prices for the period selected. All of the histories that I have ever run have been based on closing prices. I am certain that there were some days when the closing price was the high as well as some days when the the closing price was the low. I would even guess that there were days when the closing price was somewhere in the middle.
Hope this helps
Bernie
P.S. Regarding the frequencey of trades in your WEN account:
IMO you got into trouble with the frequency of trades at the end of the cycle. If I remember correctly you had many more buys than sells. How else could you have managed a negative Cash Reserve of almost $7000? My simulation had 5 buys and 4 sells. At $12 a transaction that alone accounted for $100 of the profit or about 3%.
Bernie