JACK HERSHEY METHOD EXPOSED AS FRAUD! *Debated*

[bwolinsky]

Quote from R. Raskolnikov:

Trader666 is awfully quiet on Bwolinsky's findings, he must have backtester envy.

No, he might have more data to work with, which is the only flaw for this backtest. I'm interested to see if DD doesn't increase substantially.

 

[R. Raskolnikov]

Or did you ever consider he is an incompetent programmer? That possibility certainly exists.

Quote from bwolinsky:

No, he might have more data to work with, which is the only flaw for this backtest. I'm interested to see if DD doesn't increase substantially.

 

[bwolinsky]

Quote from R. Raskolnikov:

But Benjamin Wolinsky is a self proclaimed genius of backtesting. He calls people jackasses for even hinting that he isn't the best around.

How can you say the below. No faith in him?

It's Beau, not Benj, and, yes, there's only a handful of people I know that can backtest like this.

 

[bwolinsky]

Quote from R. Raskolnikov:

Or did you ever consider he is an incompetent programmer? That possibility certainly exists.

I would disagree, because we never had the conditions until ScottD posted his version that appears to have been pulled out of his ass from thin air.

 

[bwolinsky]

Quote from R. Raskolnikov:

Who knows, but if an ardent J Hershey hater turns into a lover, then anything is possible.

I'm still neutral, but that's a tick to the left of hater.

 

[bwolinsky]

Quote from temptingtara:

Before I descend into the sloth of despond can you please tell me if Jack's system works or should I look elsewhere?

Take my code and re-program it in other languages. You also have scottd's easylanguage version to test as well, but he might have some coding problems in his use of MACD and Stochastic indicators.

 

[bwolinsky]

Quote from temptingtara:

Before I descend into the sloth of despond can you please tell me if Jack's system works or should I look elsewhere?

Insufficient data....sort of like, insufficient funds.

 

[R. Raskolnikov]

All this solving of the J Hershey mystery is rather disheartening. I so wanted this myth of 3x the daily range to stay forever. Call me twisted but I enjoy watching noobs get ensnared in scams (if his method is truly one, who knows now with your backtests). But I also like to see clever and witty noobs make it out the other end successful. As long as that number is small.

Quote from bwolinsky:

I would disagree, because we never had the conditions until ScottD posted his version that appears to have been pulled out of his ass from thin air.

 

[bwolinsky]

Quote from R. Raskolnikov:

No, at my question as to who is the better backtester/coder. You've said that J Hershey shit doesn't work and now Bwolinsky said that is one of the best backtests ever. One of you (or neither of you) is good. You can't both be good so which is it?

We don't know. It does show potential, but I need a good 2 more years of data, and I've even requested someone send me an ASCII or .CSV file with 15 minute bars of Open High Low Close Volume Time Date Symbol on ES. then we'll know. There's TS programs that would have this, which, of course, is assuming people with the data want to see what WL shows.

 

[bwolinsky]

Quote from temptingtara:

bwolinsky, way back I asked you a question but 666/loa insists there is only one true view - his.

Anyway, my ex was a bit of a fan of yours and I remember him saying Jack peeked at the data so he wrote it off.

Is Jack's system now showing a 500% profit and is it something I could use as a bot?

In other words, do I look at it or dump it. There are some people I feel are good for a worth while opinion and yours is one of them.

Thanks.

Need to see more data, and, as I said, his screeners which only give buy order because they are your watchlist do peek, and was why they were flagged.