BE DO HAVE and Jack Hershey vs Objective Reality

Quote from jack hershey:


A couple of years ago we put some books on Amazon and all the copies went in a few days.
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Oh, then just give me a pointer to the title. It should still be there on Amazon.
 
Quote from ^^^^^^:

...With V alone, I had attained a computer efficiency of 7x on several days (forward testing with real money). I stopped the forward test since the commission was a killer at $5/rt/contract (POS).
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Chicken Little??? Only you would remember a detail like this, and of course fail to note the "V" alone...

"You should see my other one"
-Batman
 
You guys are right, channels and PV and all the other tools DO NOT WORK. You should continue with your entry/exit strategy and your small handful of trades a day. Its MUCH better than what I am doing. I suggest you all go back to the market and forget you ever heard of Jack and Spyder and the rest. You guys were right, you're method is bar none the best around. You are all the best traders too. No one else out there can possibly be milking the S&P on a daily basis. Its just not possible. I mean, how can it be, right?

You'll all sleep much better tonight knowing you were right. You all win!!
 
Quote from Trader666:

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Quote from virgin:

Trader666, You have a link to that contest ?
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Of course!

http://groups.google.com/group/misc...=jack+hershey+software&hl=en#88dcc788355b6a42
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I know 666 will post this link eventually:p any casual observer will know that the result (several years old) was flaw to the core, the result poster, Tumul, was just a bundle mess, I hope he got some psychiatrist help :)
 
"you are completely wrong here. we do NOT claim."

Exactly the point. Outlandish (really outlandish) claims of profitablity without any documentation deserve the whole board's disgust. Only a rank amateur would fall for this.
 
Apparently your ivy league education (if you really have one) was a total waste of money... a six month period with only 111 trades is meaningless. Not to mention that Spydie didn't even say what, specifically, he posted the results for.

Compare that to my backtest of buying the 0 to 7 turn of the "P,V Boolean relation." Approximately 24,000 trades in 1000 stocks over a 5 year period. Plus I cite the specific claim that was backtested in Jack's own publication, so anyone can replicate it. See this post and the one immediately after it:

http://www.elitetrader.com/vb/showthread.php?s=&postid=1278985#post1278985

So who's full of %#^@ here? The answer is obvious to anyone who's not a member of the first internet church of grob109.

Quote from makosgu:

eek!
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Quote from makosgu:

Relax! Life is good! I've been there done that with ALL of the above. IPOs (going on #2 now), backtesting, hedge funds... The hedge fund didn't make sense because you get a fee and have to answer to somebody. As for testing, you probably missed my buried FORWARD TEST that's posted somewhere. Some have seeen it recently and it is nothing short of an eye opener. It is computability at it's finest. My unposted backtests and forward tests have been repeatedly verified as "unbelievable". It definitely raises more than a few eyebrows outside my office door and on the cube farm. No doubt, not having is alot more frustrating than having. What is rarely clear is that hiking to the summit is exciting. Shortly after reaching the summit, it becomes anticlimatic. There is a very very strong reason why people make an effort to stay under the radar. Presumably, were you me, you would want to too.
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A search for makosgu as author and FORWARD TEST as the text brought up a few hits and posted the one I thought was relevant. If you are referring to a different forward test you performed which showed a profit AFTER execution costs and you are intent on bragging about it you should either post a link to it or shut up and quit promoting it vaguely.
 
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