As I understand it your code would be duplicating the red line on the CXO 
chart. I used your code with a start date of July 1, 1999 and an end date of 
Dec 23, 2009 and I got a 53.9% profit over the whole period which is close to 
(slightly higher) than the red line on their chart as this increases from 
$10,000 to almost $15,000 over the same period.  I used a .25% trading cost.

The results aren't exactly the same for some reason. My results show a balance 
drawdown from April 2001 until March 2004. The red line on the chart appears to 
be underwater only from July 2002 until September 2003.


--- In [email protected], "droskill" <drosk...@...> wrote:
>
> I've been trying to duplicate the results in this CXO article:
> 
> http://www.cxoadvisory.com/blog/internal/blog12-22-09/
> 
> It's a rotational system that trades the top fund from the SPDR Select series 
> based on a 6 month return as long as it is above the 10 month SMA.
> 
> I'm not testing it monthly, but here's the daily code I've come up with:
> 
> SetBacktestMode(backtestRotational); 
> SetTradeDelays(0,0,0,0); // everything delayed 1 day 
> SetOption("UsePrevBarEquityForPosSizing", True); 
> SetOption("MinShares", 10); 
> SetOption("AllowPositionShrinking",True); 
> SetOption("AccountMargin",100); 
>  
> Totalpositions = 1;
> 
> MAFilter = C > MA(C,200);
> PositionScore = MAFilter * ROC(C,120); 
> PositionSize = -100/Totalpositions; 
>  
> SetOption("WorstRankHeld", Totalpositions + 1); 
> SetOption("MaxOpenPositions", Totalpositions ); 
>  
> m = Month();
> newMonth = m != Ref( m, -1); 
> PositionScore = IIf(PositionScore < 0, 0, PositionScore); // Long only
> PositionScore = IIf(newMonth, PositionScore, scoreNoRotate);
> 
> My portfolio consists of the nine SPDRs - XLF,XLE,XLP,XLY,XLI,XLK,XLV,XLB,XLU
> 
> I've been unable to duplicate anything close to their results - anybody have 
> any idea of what, if anything, I'm doing wrong?
>


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