Another Jack Hershey success story

[Trader666]

In ScottD's last post on ET (March, 2009) he said Cashcow 1.2, which had been certified by Jack, was not consistently profitable.

Jack claims ScottD is still working on Cashcow but I asked ScottD for an update in May and still haven't heard back.
http://www.elitetrader.com/vb/showthread.php?s=&postid=2438060#post2438060

Quote from ScottD:

We’ve made substantial progress and this seems like a good time in the project to draft a summary of where we’ve been and where we’re heading.

Progress and milestones
• We started the Cashcow project in earnest on December 9, 2008.
• Jack and I have established rapport, clear communications, and an effective design-build process.
• We have codified a powerful set of logic, and Jack has certified each major release so far (1.0, 1.1, 1.2) as accurate.
• We created an ATS dashboard, which has turned out to be an efficient and effective analysis, diagnosis, and validation tool.
• We publically shared the baseline logic and code. Others, even antagonists, have taken the ideas and run with them, a beautiful thing.
• The “I deserve…” , “feed me…”, “it’s not possible [for me]…”, and the “I’ll take but not give…” types display their true colors and filter themselves out.
• We continue to share the latest ATS with a self-selected community of contributors from around the world.

Real world testing and performance
• We have been focused on deductive reasoning instead of curve fitting profits. Having said that, we did expect each release to be profitable.
• Each logic release has had some profitable days and flashes of brilliance, but the logic has not been profitable over a sustained multi-week forward test or multi-month back test period.
• Notwithstanding, I feel we have made truly excellent progress and we'll get there.

Looking forward
• Release 1.3 is work-in-progress and includes powerful new logic, such as Hold, Major Change, and Volume Differentiation.
• Release 1.4 is scoped to include MACD Sequences and Rays.
• I feel it is possible to design and build a profitable ATS based on ‘beginner’ logic.
• I feel there is a real advantage to designing and building a profitable ‘beginner’ release prior to incorporating greater sophistication/complexity

associated with YM or intra-bar decisions.
• The ATS architecture and code remains organized, modular, clean, intuitive, flexible, easily modifiable, and easily validate-able.
• We continue to deductively analyze the real world performance and make excellent additions and refinements.

 

[Trader666]

Ask Neoxx how Jack's "teachings" really worked out for him

Quote from jack hershey:

Neoxx only makes have the ATR nowadays. What he makes is unimportant; it only doubles his capital every three days.

How will you feel in 25 minutes if you have not saved this post in word? Find out don't save it; don't even think about what you just read about someone else's effort who is only doubling his money every three days by compounding capital.