Quote from inves200:
We won again - even with a server crashing, platform freezing, etc. we still pulled another 1.5 pts out of the market in a minute or so.
http://www.youtube.com/watch?v=LPkUCoP0IH8
and while on the phone to the broker a few minutes later:
http://www.youtube.com/watch?v=gCA13odmGkw
Quote from TraderZones:
your audited return? Profit Factor? Sharpe? Average per-unit profit after all trading expenses (commission, slippage, bid/ask spread, fees, etc.)?
Usually these kinds of services use a lot of sleight of hand, and the average trader will not make anything like the results claimed...
Quote from inves200:
The numbers ($305.00) are all net / net numbers cash in the account after the trade is closed. All commissions, slippage, etc are all taken into account.
Slight of hand? Video posted an hour or so after the trade doesn't lend its self to making it all up. Besides, we show brokerage statements ... in a few days (end of month) they will be here to back up the video.
I KNOW what ya mean about the games that get played in quoting track records. I'm doing everything I know how to do be transparent. How else is a vender suposed to prove up a track record beyond trade journals, brokerage statements and video??
I dunno what else to do to show you all what I saw when I first came in here to see newbies trading better here than anywhere else I had ever seen.
Quote from YourMaster:
http://www.financevisor.com/Default.aspx?g=posts&t=23244
Quote from bwolinsky:
It really surprises me that ET is now just a site for Jack Hershey Debate, when there's nothing to debate. It appears nkhoi is sponsoring this lunatic to keep posting about theories that are nothing more than curve fitting.
I consider myself one of the best developers in this country and his theories border on ludicrous, and I really can't fathom so many threads being devoted to the subject.
ex post edit:
Hershey Equities Dry Up Volume Scan v. 2.0.0 (Three Month)
http://wl4.wealth-lab.com/cgi-bin/W...uities Method
Looking at the script, it appears to use the first three months to build a context and "figure out" what values worked best with the script. This is at the heart of a curve fit.
Take note of the warning that it possibly uses future data. There were walk forward "self-tuning scripts" written at the time they were published. Months after the fact, we discovered a possible peeking issue with the script seen here:
http://wl4.wealth-lab.com/cgi-bin/W...system?id=46695
It was a fad at the time to "optimize" on each backtest to give the best results. JH might deny this, but spydertrader, I believe, fully interpreted the script. We have no results for the script because it uses functions designed for intraday values, and WL only ranks daily systems.
It's not intuitive, but the 3rd line about says Barcount()-1 and sets it as the value. Barcount()-1 is a reference function used in WL to look at the last bar of the data. Well if you keep looking at the last bar, the dataset changes and the rest of the script will change with the data as it "re-discovers the correct fitted values." That's the curve fit part. It's looking at all the data and rather than proceed with a typical Bar- something it keeps "looking back" on the date,
so that the past trades would actually change as the dataset grew in size.
Quote from 1a2b3cppp:
Your links don't work because you copied and pasted the text rather than copying the link.
They contain "..." in the middle of them from where the text portion was abbreviated when someone posted them.
Quote from TraderZones:
timertrac.com, futurestruth.com, collective2.com, theta research, Attain Capital (broker that tracks systems), strategyrunner.com, Striker securities (tracks systems), Robbins World cup Trading,
just a few places that come to mind...
Frankly, every advisory that does it is not independently audited, for both statistics (sharpe, profit factor, drawdown analysis) as well as performance, is not worth anything.