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Jack said he's not going to post here any more. So below please find my Jack Hershey Cliffs Notes, made almost entirely of direct quotes from Jack himself or A Team documents with minor editing. I believe these give anyone contemplating trading Jack's methods an excellent idea of where he's...

A few "fudged" (your word) entries and exits is certainly strong "evidence" (again your word) to consider against a 516 page thread: http://www.elitetrader.com/vb/showthread.php?s=&threadid=35915 And extensive backtesting of hundreds of trades...

Really? Why shouldn't someone be allowed to post a link to a 516 page thread called "Jack Hershey Trading" in a forum called "Jack Hershey's trading methods?" It's often claimed the Hershey method can't be backtested, so at the link anyone interested can find real-life results achieved with...

I agree... this thread shows exactly what a trader can accomplish with Jack's methods and tons of his personal coaching. I highly recommend it to everyone thinking of putting their money on the line with the Hershey / Grob109 / bubba7 methodology...

Here's a quote from William Eckhardt who not only was the quant behind the Turtles, he has also VERY successfully run hedge funds for the last two decades and still does: "I know of no way to validate conjectures concerning technical trading without back testing" And NONE of Jack's stuff...

If Grob wasn't Mozart in your analogy, who was? Please enlighten us. Do you believe in the Great Pumpkin BTW?

$5K to $200K in two years? Come on easyrider! A quick search of your posts that contain the word "rocket" suggests otherwise. For example: 04-05-06 06:32 PM easyrider wrote: "Rockets have brought down many a trader. LOL. They are momentum trades, breakouts, usually at or near the...

Mozart? You're not actually comparing Grob to Mozart, are you? Please don't desecrate Mozart! If you really believe that, I sincerely and respectfully suggest that you print out a few thousand of Grob's posts, along with your Mozart reference and seek professional help. If Jack is remembered...

You have no point because you never gave any reason at all for PF being flawed. You just said it was. I, on the other hand, pointed you to an objective paper that mathematically showed why Sortino IS flawed but obviously it went over your head. Perhaps some day you'll realize that usually the...

Obviously you either didn't take the time to read the paper, or you didn't grasp it. So let me put it another way. Sortino is flawed because it can fail at what it was designed to do. PF is not flawed because it is simply total profits/total losses and doesn't try to be an entire...

Profit factor only seems flawed if you don't understand what it measures. That's like saying a hammer is flawed because you can't drive screws with it. The Sortino Ratio fails a basic test case for the effectiveness of performance measures BTW... see paper at...

Barclay Roundtable Discussion with Richard Dennis and William Eckhardt. Q&As on backtesting, optimization & curve fitting, degrees of freedom, discretionary trading, etc. Go to: http://www.tradingblox.com/forum/viewtopic.php?p=3648 and scroll down about half way to the Mon Sep 01, 2003 7:23 am...

Totally disagree. If I were limited to one metric I would choose profit factor. It's elegant in its simplicity and tells you how much you can expect to gain for every dollar lost. For example, a PF of 1.84 means you can expect, on average, to gain $1.84 for every $1 lost. PF = Total...

For those not familiar with your background, you've been luring the unwary with this for at least six years, possibly much longer. Why is this time any different? Automating the Hershey System

Jack's been baiting his followers with vaporware for at least six years:here While googling for this, I found another post where someone reported that Jack finished dead last out of 14 participants in a trading contest, with -23.8% Interesting reading LOL... take a look

Oddi, I appreciate your offer to assist but I have absolutely zero interest in joining the A Team. I've watched Hershey bait people for years... first on Usenet and then here in ET and I enjoy checking in every so often for the spectacle and on the off chance that one of his devotees has...

You know, you're absolutely right, I've never quite thought of it that way before... it's the tools that are stupid, NOT the people who use them! Guess I've been on the B Team for way too long!:eek:

Oddi, We're on opposite ends of the trading spectrum. What you describe is way more discretionary than what I do. I'm not comfortable with acting on price, indicator and volume nuances in real time. First tried that when esignal was a baby and a few times since to "improve" entries and...

Yikes! Does that mean I'm a member of the B Team? :eek:

Excuse me, but you need to get your facts straight yet again. You have to sign up for a trial of the Premium or Professional Level to be able to do historical screens. Not sure how your failure to read the info on the site is my error. You can upgrade by going to the "My Account" tab and...