JACK HERSHEY METHOD EXPOSED AS FRAUD! *Debated*
- Thread starter bwolinsky
- Start date
- Status
Nasdoork is just another multi-alias wank job. I swear, the guy has more aliases than there are Jack Hershey followers ...Quote from LordOfAll:
Nasdorq is still in the early stages of Jackdom.. once he's spat out the ass end of the market in realtime he'll move on to Woodie's CCI
A pity all they do is come on here and spout on about how they never have to prove anything, while claiming to have added a twist and a turn to Jack's teachings and releasing the spigot of ever flowing money-from-heaven.
LOL, that is kinda funny.Quote from nasdorq:
I don't have sissyfits. And I was referring to the content of the thread in general. And a smiley face at the end doesn't disguise your rage. There's no way you got off 4000+ messages on elitetrader being that crosseyed and that much saliva leakage without a bib and a good speech to text program
Right back atcha bro, right back atcha. At least I stick to one alias, while everyone else around here has a whole stable full of'em.
Hi, guys. I've concluded it's a poor Risk adjusted system. No secret there, however, I cannot for certain say it is unprofitable. Based on the 15 Minute .SPX at 10% position from the only data that has complete volume info going back to 8/11/2008.
If anybody has an ASCII DATA File with O H L C VOLUME TIME DATE SYMBOL attachments, I can have a more complete backtest. This is suggestive of something sutainable:
Long + Short
Starting Capital $147,000.00
Ending Capital $199,259.75
Net Profit $52,259.75
Net Profit % 35.55%
Annualized Gain % 139.84%
Exposure 0.83%
Cash Interest $0.00
Margin Loan Interest $0.00
Total Commission ($4.46)
DividendsPaid $0.00
Number of Trades 28
Avg Profit/Loss $1,866.42
Avg Profit/Loss % 0.53%
Avg Bars Held 8.14
Winning Trades 15
Winning % 53.57%
Gross Profit $139,424.20
Avg Profit $9,294.95
Avg Profit % 2.44%
Avg Bars Held 7.53
Max Consecutive 5
Losing Trades 13
Losing % 46.43%
Gross Loss ($87,164.45)
Avg Loss ($6,704.96)
Avg Loss % -1.67%
Avg Bars Held 8.85
Max Consecutive 3
Max Drawdown ($48,564.80)
Max Drawdown Date 10/15/2008
Max Drawdown % -24.04%
Max Drawdown % Date 10/15/2008
Wealth-Lab Score 12,729.51
RAR 16,757.47
Profit Factor 1.5996 The PF is where I conclude that the system has some deficiencies
Recovery Factor 1.0761
Payoff Ratio 1.4597
Sharpe Ratio 2.0491 It's not bad, but I'm concerned that we don't have enough data.
Ulcer Index 9.8221
WL Error Term 5.149
WL Reward Ratio 27.1581
Luck Coefficient 2.5814
Pessimistic Rate of Return 0.9781
Equity Drop Ratio 0.0313
Long
Long Only
Starting Capital $147,000.00
Ending Capital $150,843.53
Net Profit $3,843.53
Net Profit % 2.61%
Annualized Gain % 7.69%
Exposure 0.52%
Cash Interest $0.00
Margin Loan Interest $0.00
Total Commission ($2.40)
DividendsPaid $0.00
Number of Trades 15
Avg Profit/Loss $256.24
Avg Profit/Loss % 0.02%
Avg Bars Held 8.33
Winning Trades 7
Winning % 46.67%
Gross Profit $61,912.40
Avg Profit $8,844.63
Avg Profit % 2.15%
Avg Bars Held 7.14
Max Consecutive 2
Losing Trades 8
Losing % 53.33%
Gross Loss ($58,068.87)
Avg Loss ($7,258.61)
Avg Loss % -1.85%
Avg Bars Held 9.38
Max Consecutive 3
Max Drawdown ($45,560.73)
Max Drawdown Date 11/21/2008
Max Drawdown % -24.55%
Max Drawdown % Date 11/21/2008
Wealth-Lab Score 1,119.99
RAR 1,484.43
Profit Factor 1.0662
Recovery Factor 0.0844
Payoff Ratio 1.1631
Sharpe Ratio 0.0471 I think the long side is horrible. It's my opinion this method should only be used for short sells
Ulcer Index 14.678
WL Error Term 4.943
WL Reward Ratio 1.556
Luck Coefficient 2.9359
Pessimistic Rate of Return 0.4677
Equity Drop Ratio 0.5054
Short Only
Starting Capital $147,000.00
Ending Capital $195,416.22
Net Profit $48,416.22
Net Profit % 32.94%
Annualized Gain % 126.79%
Exposure 0.39%
Cash Interest $0.00
Margin Loan Interest $0.00
Total Commission ($2.06)
DividendsPaid $0.00
Number of Trades 13
Avg Profit/Loss $3,724.32
Avg Profit/Loss % 1.13%
Avg Bars Held 7.92
Winning Trades 8
Winning % 61.54%
Gross Profit $77,511.79
Avg Profit $9,688.97
Avg Profit % 2.70%
Avg Bars Held 7.88
Max Consecutive 3
Losing Trades 5
Losing % 38.46%
Gross Loss ($29,095.58)
Avg Loss ($5,819.12)
Avg Loss % -1.40%
Avg Bars Held 8
Max Consecutive 3
Max Drawdown ($21,205.58)
Max Drawdown Date 10/14/2008
Max Drawdown % -12.43%
Max Drawdown % Date 10/14/2008
Wealth-Lab Score 28,816.65
RAR 32,905.19
Profit Factor 2.664
Recovery Factor 2.2832
Payoff Ratio 1.9339
Sharpe Ratio 5.6142 A Very good system for just the short
Ulcer Index 3.6959
WL Error Term 2.67
WL Reward Ratio 47.4884
Luck Coefficient 1.9933
Pessimistic Rate of Return 1.3821
Equity Drop Ratio 0.0227
What should we conclude? Hershey appears to use some discretion in his system. The long side is not effective in its current form.
This is the final version of the Jack Hershey Method. The Shell Programs for indicators were taken from wl4.wealth-lab.com. This Jack Hershey Method 15 Minute Script needs more backtesting. I encourage anyone with the data to backtest on 15 minute bars with ES.
Is it profitable? Yes, for this time period. Further research is needed to say yes or no. In its current form, this is what Jack Hershey has been writing about, through a pawn called ScottD.
See below for what I consider to be a working version of Jack Hershey's Method. If you don't have WL, there some caveats I should add. 28 trade backtests are normally not indicative of a profitable or unprofitable system. I shall say the result is intriguing, but my limitation is the fact that I'm missing volume data on the ES. This is only an approximation from the .SPX that only has data since 8/11/2008.
This script has been elusive for at least 10 years now, and has been unlocked. Partial credit is due for the indicators coded by Spydertrader, who never knew the real system. This version is profitable since 8/11/2008 with the results listed above.
I welcome anyone that wants to continue rather than stating opinions, to simply post the results they get in WL on 15 minute bars.
Adustments that will need to be made if you want to use it for 5 minute bars is to adjust the times it accepts orders.
This should lay it to rest, but there's much more debate to happen. The point is, anyone who wants to say anyway or the other will need to test it themselves. That means opening up Fidelity Accounts just to get WLP. When you get WLP up, drop me a line, and I'll rewrite it for buying SDS and SSO.
Anyway, don't have much else to say. Is it fraud? Fraud in the sense that he claims to make unsubstantiated profits with the system. As we can see, it's not profitable enough to turn $10k into $1m in 180 days.
As I say, I have better systems, like this one:
Long + Short
Starting Capital $147,000.00
Ending Capital $309,396.85
Net Profit $162,396.85
Net Profit % 110.47%
Annualized Gain % 34.59%
Exposure 3.15%
Cash Interest $17,278.83
Margin Loan Interest $0.00
Total Commission ($7.50)
DividendsPaid $0.00
Number of Trades 68
Avg Profit/Loss $2,388.19
Avg Profit/Loss % 1.18%
Avg Bars Held 3.1
Winning Trades 59
Winning % 86.76%
Gross Profit $216,250.91
Avg Profit $3,665.27
Avg Profit % 1.89%
Avg Bars Held 2.97
Max Consecutive 14
Losing Trades 9
Losing % 13.24%
Gross Loss ($71,132.88)
Avg Loss ($7,903.65)
Avg Loss % -3.48%
Avg Bars Held 4
Max Consecutive 1
Max Drawdown ($39,203.44)
Max Drawdown Date 10/9/2008
Max Drawdown % -12.61%
Max Drawdown % Date 10/9/2008
Wealth-Lab Score 960.2811
RAR 1,098.85
Profit Factor 3.0401
Recovery Factor 4.1424
Payoff Ratio 0.5417
Sharpe Ratio 4.1097
Ulcer Index 2.1549
WL Error Term 2.455
WL Reward Ratio 14.0894
Luck Coefficient 8.4552
Pessimistic Rate of Return 2.3167
Equity Drop Ratio 0.0497
but if you want to improve on the script below, I'm sure there's a possibility it could do better.
Good luck.
\/
If anybody has an ASCII DATA File with O H L C VOLUME TIME DATE SYMBOL attachments, I can have a more complete backtest. This is suggestive of something sutainable:
Long + Short
Starting Capital $147,000.00
Ending Capital $199,259.75
Net Profit $52,259.75
Net Profit % 35.55%
Annualized Gain % 139.84%
Exposure 0.83%
Cash Interest $0.00
Margin Loan Interest $0.00
Total Commission ($4.46)
DividendsPaid $0.00
Number of Trades 28
Avg Profit/Loss $1,866.42
Avg Profit/Loss % 0.53%
Avg Bars Held 8.14
Winning Trades 15
Winning % 53.57%
Gross Profit $139,424.20
Avg Profit $9,294.95
Avg Profit % 2.44%
Avg Bars Held 7.53
Max Consecutive 5
Losing Trades 13
Losing % 46.43%
Gross Loss ($87,164.45)
Avg Loss ($6,704.96)
Avg Loss % -1.67%
Avg Bars Held 8.85
Max Consecutive 3
Max Drawdown ($48,564.80)
Max Drawdown Date 10/15/2008
Max Drawdown % -24.04%
Max Drawdown % Date 10/15/2008
Wealth-Lab Score 12,729.51
RAR 16,757.47
Profit Factor 1.5996 The PF is where I conclude that the system has some deficiencies
Recovery Factor 1.0761
Payoff Ratio 1.4597
Sharpe Ratio 2.0491 It's not bad, but I'm concerned that we don't have enough data.
Ulcer Index 9.8221
WL Error Term 5.149
WL Reward Ratio 27.1581
Luck Coefficient 2.5814
Pessimistic Rate of Return 0.9781
Equity Drop Ratio 0.0313
Long
Long Only
Starting Capital $147,000.00
Ending Capital $150,843.53
Net Profit $3,843.53
Net Profit % 2.61%
Annualized Gain % 7.69%
Exposure 0.52%
Cash Interest $0.00
Margin Loan Interest $0.00
Total Commission ($2.40)
DividendsPaid $0.00
Number of Trades 15
Avg Profit/Loss $256.24
Avg Profit/Loss % 0.02%
Avg Bars Held 8.33
Winning Trades 7
Winning % 46.67%
Gross Profit $61,912.40
Avg Profit $8,844.63
Avg Profit % 2.15%
Avg Bars Held 7.14
Max Consecutive 2
Losing Trades 8
Losing % 53.33%
Gross Loss ($58,068.87)
Avg Loss ($7,258.61)
Avg Loss % -1.85%
Avg Bars Held 9.38
Max Consecutive 3
Max Drawdown ($45,560.73)
Max Drawdown Date 11/21/2008
Max Drawdown % -24.55%
Max Drawdown % Date 11/21/2008
Wealth-Lab Score 1,119.99
RAR 1,484.43
Profit Factor 1.0662
Recovery Factor 0.0844
Payoff Ratio 1.1631
Sharpe Ratio 0.0471 I think the long side is horrible. It's my opinion this method should only be used for short sells
Ulcer Index 14.678
WL Error Term 4.943
WL Reward Ratio 1.556
Luck Coefficient 2.9359
Pessimistic Rate of Return 0.4677
Equity Drop Ratio 0.5054
Short Only
Starting Capital $147,000.00
Ending Capital $195,416.22
Net Profit $48,416.22
Net Profit % 32.94%
Annualized Gain % 126.79%
Exposure 0.39%
Cash Interest $0.00
Margin Loan Interest $0.00
Total Commission ($2.06)
DividendsPaid $0.00
Number of Trades 13
Avg Profit/Loss $3,724.32
Avg Profit/Loss % 1.13%
Avg Bars Held 7.92
Winning Trades 8
Winning % 61.54%
Gross Profit $77,511.79
Avg Profit $9,688.97
Avg Profit % 2.70%
Avg Bars Held 7.88
Max Consecutive 3
Losing Trades 5
Losing % 38.46%
Gross Loss ($29,095.58)
Avg Loss ($5,819.12)
Avg Loss % -1.40%
Avg Bars Held 8
Max Consecutive 3
Max Drawdown ($21,205.58)
Max Drawdown Date 10/14/2008
Max Drawdown % -12.43%
Max Drawdown % Date 10/14/2008
Wealth-Lab Score 28,816.65
RAR 32,905.19
Profit Factor 2.664
Recovery Factor 2.2832
Payoff Ratio 1.9339
Sharpe Ratio 5.6142 A Very good system for just the short
Ulcer Index 3.6959
WL Error Term 2.67
WL Reward Ratio 47.4884
Luck Coefficient 1.9933
Pessimistic Rate of Return 1.3821
Equity Drop Ratio 0.0227
What should we conclude? Hershey appears to use some discretion in his system. The long side is not effective in its current form.
This is the final version of the Jack Hershey Method. The Shell Programs for indicators were taken from wl4.wealth-lab.com. This Jack Hershey Method 15 Minute Script needs more backtesting. I encourage anyone with the data to backtest on 15 minute bars with ES.
Is it profitable? Yes, for this time period. Further research is needed to say yes or no. In its current form, this is what Jack Hershey has been writing about, through a pawn called ScottD.
See below for what I consider to be a working version of Jack Hershey's Method. If you don't have WL, there some caveats I should add. 28 trade backtests are normally not indicative of a profitable or unprofitable system. I shall say the result is intriguing, but my limitation is the fact that I'm missing volume data on the ES. This is only an approximation from the .SPX that only has data since 8/11/2008.
This script has been elusive for at least 10 years now, and has been unlocked. Partial credit is due for the indicators coded by Spydertrader, who never knew the real system. This version is profitable since 8/11/2008 with the results listed above.
I welcome anyone that wants to continue rather than stating opinions, to simply post the results they get in WL on 15 minute bars.
Adustments that will need to be made if you want to use it for 5 minute bars is to adjust the times it accepts orders.
This should lay it to rest, but there's much more debate to happen. The point is, anyone who wants to say anyway or the other will need to test it themselves. That means opening up Fidelity Accounts just to get WLP. When you get WLP up, drop me a line, and I'll rewrite it for buying SDS and SSO.
Anyway, don't have much else to say. Is it fraud? Fraud in the sense that he claims to make unsubstantiated profits with the system. As we can see, it's not profitable enough to turn $10k into $1m in 180 days.
As I say, I have better systems, like this one:
Long + Short
Starting Capital $147,000.00
Ending Capital $309,396.85
Net Profit $162,396.85
Net Profit % 110.47%
Annualized Gain % 34.59%
Exposure 3.15%
Cash Interest $17,278.83
Margin Loan Interest $0.00
Total Commission ($7.50)
DividendsPaid $0.00
Number of Trades 68
Avg Profit/Loss $2,388.19
Avg Profit/Loss % 1.18%
Avg Bars Held 3.1
Winning Trades 59
Winning % 86.76%
Gross Profit $216,250.91
Avg Profit $3,665.27
Avg Profit % 1.89%
Avg Bars Held 2.97
Max Consecutive 14
Losing Trades 9
Losing % 13.24%
Gross Loss ($71,132.88)
Avg Loss ($7,903.65)
Avg Loss % -3.48%
Avg Bars Held 4
Max Consecutive 1
Max Drawdown ($39,203.44)
Max Drawdown Date 10/9/2008
Max Drawdown % -12.61%
Max Drawdown % Date 10/9/2008
Wealth-Lab Score 960.2811
RAR 1,098.85
Profit Factor 3.0401
Recovery Factor 4.1424
Payoff Ratio 0.5417
Sharpe Ratio 4.1097
Ulcer Index 2.1549
WL Error Term 2.455
WL Reward Ratio 14.0894
Luck Coefficient 8.4552
Pessimistic Rate of Return 2.3167
Equity Drop Ratio 0.0497
but if you want to improve on the script below, I'm sure there's a possibility it could do better.
Good luck.
\/
Thanks again bwolinsky,
As you can see, the Hershey Cultists get up in arms when a basic backtest and analysis of his stated trading paradigms are investgiated by disinterested third parties and reported on, and they go around acting as if Jack were being persecuted (LOL).
At last you have shown under what conditions it could be profitable, you would think with their ... fanatical dedication to the man they would be more than willing to go you one better.
As you can see, the Hershey Cultists get up in arms when a basic backtest and analysis of his stated trading paradigms are investgiated by disinterested third parties and reported on, and they go around acting as if Jack were being persecuted (LOL).
At last you have shown under what conditions it could be profitable, you would think with their ... fanatical dedication to the man they would be more than willing to go you one better.
Come on now ... do you think for one minute that if The Hershey Way were even 1/10th as profitable as stated on this website, these people would be reacting like they are?#!?Quote from LordOfAll:
Oh no.. that's a shocker
And we all had such high hopes for it
I don't think so.
No worries ... common sense never got in the way of reason in these parts.
Yeah, it's bizarre to me. But, in everybody's defense, nobody actually had the system until a few days ago.
(I can say I beat Harvard grads to the punch, too).
I find it weird that people didn't pound away at Jack until we had his system. It took some pawn or plant or whatever he was called ScottD to write Jack's system in tradestation. Because I've worked in both, it was quite a simple matter to interpret the easylanguage into WL.
I've asked him (Jack) several times for ironclad rules. He apparently has some mechanical methods, but in the current thread introduced some kind of objective intepretation without etched in stone rules, which means the system is not mechanical.
And yeah, I'm as third party as it gets, and since I've posted verified 3rd party systems for years, this one was no biggie. The stupidest part was ScottD initiating the conversation, and there isn't any clear connection how he knew what the conditions were, either.
Shit! I did something wrong, when I was looking at ScottD's versions he stated that the volume of 1 bar ago need to be above 20000 contracts. In WL, this is actually on the current bar, instead of the bar-1 that I used. Goddamnit. Anyway, it's actually one of the most profitable backtests I've ever seen. The other issue I did not understand was the timing. I messed up the time. It allowed a trade to buy at 4 pm, which is a nono. I found that by making the times for purchase or short before 1545, increased results SUBSTANTIALLY!
Check out the new version's results:
Long + Short
Starting Capital $147,000.00
Ending Capital $270,945.74
Net Profit $123,945.74
Net Profit % 84.32%
Annualized Gain % 480.47%
Exposure 0.71%
Cash Interest $0.00
Margin Loan Interest $0.00
Total Commission ($4.46)
DividendsPaid $0.00
Number of Trades 25
Avg Profit/Loss $4,957.83
Avg Profit/Loss % 1.19%
Avg Bars Held 7.92
Winning Trades 14
Winning % 56.00%
Gross Profit $184,800.42
Avg Profit $13,200.03
Avg Profit % 3.14%
Avg Bars Held 8
Max Consecutive 5
Losing Trades 11
Losing % 44.00%
Gross Loss ($60,854.69)
Avg Loss ($5,532.24)
Avg Loss % -1.28%
Avg Bars Held 7.82
Max Consecutive 3
Max Drawdown ($39,285.55)
Max Drawdown Date 10/10/2008
Max Drawdown % -19.39%
Max Drawdown % Date 10/10/2008
Wealth-Lab Score 54,269.91
RAR 67,325.18
Profit Factor 3.0367
Recovery Factor 3.155
Payoff Ratio 2.4468
Sharpe Ratio 10.6932
Ulcer Index 3.9387
WL Error Term 3.81
WL Reward Ratio 126.1085
Luck Coefficient 2.6941
Pessimistic Rate of Return 1.7532
Equity Drop Ratio 0.0082
Long Only
Starting Capital $147,000.00
Ending Capital $211,976.70
Net Profit $64,976.70
Net Profit % 44.20%
Annualized Gain % 186.54%
Exposure 0.54%
Cash Interest $0.00
Margin Loan Interest $0.00
Total Commission ($2.56)
DividendsPaid $0.00
Number of Trades 14
Avg Profit/Loss $4,641.19
Avg Profit/Loss % 1.12%
Avg Bars Held 9.14
Winning Trades 7
Winning % 50.00%
Gross Profit $107,144.11
Avg Profit $15,306.30
Avg Profit % 3.65%
Avg Bars Held 9.14
Max Consecutive 2
Losing Trades 7
Losing % 50.00%
Gross Loss ($42,167.40)
Avg Loss ($6,023.91)
Avg Loss % -1.41%
Avg Bars Held 9.14
Max Consecutive 3
Max Drawdown ($32,944.67)
Max Drawdown Date 10/10/2008
Max Drawdown % -17.82%
Max Drawdown % Date 10/10/2008
Wealth-Lab Score 28,542.05
RAR 34,730.14
Profit Factor 2.5409
Recovery Factor 1.9723
Payoff Ratio 2.5842
Sharpe Ratio 5.2374
Ulcer Index 4.5211
WL Error Term 3.441
WL Reward Ratio 54.2103
Luck Coefficient 2.315
Pessimistic Rate of Return 1.1666
Equity Drop Ratio 0.02
Short Only
Starting Capital $147,000.00
Ending Capital $205,969.03
Net Profit $58,969.03
Net Profit % 40.11%
Annualized Gain % 163.78%
Exposure 0.28%
Cash Interest $0.00
Margin Loan Interest $0.00
Total Commission ($1.90)
DividendsPaid $0.00
Number of Trades 11
Avg Profit/Loss $5,360.82
Avg Profit/Loss % 1.29%
Avg Bars Held 6.36
Winning Trades 7
Winning % 63.64%
Gross Profit $77,656.32
Avg Profit $11,093.76
Avg Profit % 2.62%
Avg Bars Held 6.86
Max Consecutive 4
Losing Trades 4
Losing % 36.36%
Gross Loss ($18,687.29)
Avg Loss ($4,671.82)
Avg Loss % -1.05%
Avg Bars Held 5.5
Max Consecutive 3
Max Drawdown ($21,205.58)
Max Drawdown Date 10/14/2008
Max Drawdown % -12.34%
Max Drawdown % Date 10/14/2008
Wealth-Lab Score 51,231.20
RAR 58,440.69
Profit Factor 4.1556
Recovery Factor 2.7808
Payoff Ratio 2.4898
Sharpe Ratio 22.7678
Ulcer Index 2.5875
WL Error Term 2.327
WL Reward Ratio 70.3827
Luck Coefficient 2.0517
Pessimistic Rate of Return 1.8069
Equity Drop Ratio 0.0168
Shit....sometimes that happens when you're going from one language to another. Some things get lost in translation.
I've attached the current version.
\/
Check out the new version's results:
Long + Short
Starting Capital $147,000.00
Ending Capital $270,945.74
Net Profit $123,945.74
Net Profit % 84.32%
Annualized Gain % 480.47%
Exposure 0.71%
Cash Interest $0.00
Margin Loan Interest $0.00
Total Commission ($4.46)
DividendsPaid $0.00
Number of Trades 25
Avg Profit/Loss $4,957.83
Avg Profit/Loss % 1.19%
Avg Bars Held 7.92
Winning Trades 14
Winning % 56.00%
Gross Profit $184,800.42
Avg Profit $13,200.03
Avg Profit % 3.14%
Avg Bars Held 8
Max Consecutive 5
Losing Trades 11
Losing % 44.00%
Gross Loss ($60,854.69)
Avg Loss ($5,532.24)
Avg Loss % -1.28%
Avg Bars Held 7.82
Max Consecutive 3
Max Drawdown ($39,285.55)
Max Drawdown Date 10/10/2008
Max Drawdown % -19.39%
Max Drawdown % Date 10/10/2008
Wealth-Lab Score 54,269.91
RAR 67,325.18
Profit Factor 3.0367
Recovery Factor 3.155
Payoff Ratio 2.4468
Sharpe Ratio 10.6932
Ulcer Index 3.9387
WL Error Term 3.81
WL Reward Ratio 126.1085
Luck Coefficient 2.6941
Pessimistic Rate of Return 1.7532
Equity Drop Ratio 0.0082
Long Only
Starting Capital $147,000.00
Ending Capital $211,976.70
Net Profit $64,976.70
Net Profit % 44.20%
Annualized Gain % 186.54%
Exposure 0.54%
Cash Interest $0.00
Margin Loan Interest $0.00
Total Commission ($2.56)
DividendsPaid $0.00
Number of Trades 14
Avg Profit/Loss $4,641.19
Avg Profit/Loss % 1.12%
Avg Bars Held 9.14
Winning Trades 7
Winning % 50.00%
Gross Profit $107,144.11
Avg Profit $15,306.30
Avg Profit % 3.65%
Avg Bars Held 9.14
Max Consecutive 2
Losing Trades 7
Losing % 50.00%
Gross Loss ($42,167.40)
Avg Loss ($6,023.91)
Avg Loss % -1.41%
Avg Bars Held 9.14
Max Consecutive 3
Max Drawdown ($32,944.67)
Max Drawdown Date 10/10/2008
Max Drawdown % -17.82%
Max Drawdown % Date 10/10/2008
Wealth-Lab Score 28,542.05
RAR 34,730.14
Profit Factor 2.5409
Recovery Factor 1.9723
Payoff Ratio 2.5842
Sharpe Ratio 5.2374
Ulcer Index 4.5211
WL Error Term 3.441
WL Reward Ratio 54.2103
Luck Coefficient 2.315
Pessimistic Rate of Return 1.1666
Equity Drop Ratio 0.02
Short Only
Starting Capital $147,000.00
Ending Capital $205,969.03
Net Profit $58,969.03
Net Profit % 40.11%
Annualized Gain % 163.78%
Exposure 0.28%
Cash Interest $0.00
Margin Loan Interest $0.00
Total Commission ($1.90)
DividendsPaid $0.00
Number of Trades 11
Avg Profit/Loss $5,360.82
Avg Profit/Loss % 1.29%
Avg Bars Held 6.36
Winning Trades 7
Winning % 63.64%
Gross Profit $77,656.32
Avg Profit $11,093.76
Avg Profit % 2.62%
Avg Bars Held 6.86
Max Consecutive 4
Losing Trades 4
Losing % 36.36%
Gross Loss ($18,687.29)
Avg Loss ($4,671.82)
Avg Loss % -1.05%
Avg Bars Held 5.5
Max Consecutive 3
Max Drawdown ($21,205.58)
Max Drawdown Date 10/14/2008
Max Drawdown % -12.34%
Max Drawdown % Date 10/14/2008
Wealth-Lab Score 51,231.20
RAR 58,440.69
Profit Factor 4.1556
Recovery Factor 2.7808
Payoff Ratio 2.4898
Sharpe Ratio 22.7678
Ulcer Index 2.5875
WL Error Term 2.327
WL Reward Ratio 70.3827
Luck Coefficient 2.0517
Pessimistic Rate of Return 1.8069
Equity Drop Ratio 0.0168
Shit....sometimes that happens when you're going from one language to another. Some things get lost in translation.
I've attached the current version.
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So is J Hershey NOT a fraud now?
- Status