Using Fidelity Wealth-Lab I created the following trading system with the aim of creating absolute returns. The trading system currently trades in and out of HED (Which tracks 200% the inverse of the TSX/S&P Energy Index). Over the last year the system has returned over 60% while the ETF has returned -13% on a buy and hold strategy. The system switches between long and short according to short term technical indicators including, moving averages, RSI and others. The system also uses automatic trailing stop loses for risk management and the system also works well on the other Horizons BetaPro ETFs. The System is not yet to be complete. The system will eventually hold all 9 leveraged BetaPro ETFs on a equal weight basis, in order to lower non-systematic risk and to decrease the size of a max drawdowns.
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