JACK HERSHEY METHOD EXPOSED AS FRAUD! *Debated*

[MandelbrotSet]

Quote from bwolinsky:

You want to take a shot at it? I've done 99% of the work for you already. The only thing you'd have to do is open up a Fidelity account, get WLP, and plug this program up to .SPX.

You haven't picked up on the capabilities of WLP, either.

Instead of buyatmarket(Bar+1,'Jacks friend etc'); you can do

setprimaryseries('SSO');
{this will set the primary series as SSO so that you can buy it}
buyatmarket(Bar+1,'We bought SSO for a long');

restoreprimaryseries;

OR
for the short
setprimaryseries('SDS');
buyatmarket(Bar+1,'Buying SDS is the same as shorting the index');
restoreprimaryseries;

When you do this, as I use in QID and QLD systems, you watch one price series and buy or sell two different securities in the same program even though your chart may be on a completely different symbol.

That's advanced, and I'm the only person I know that knows how to do it. I've not seen any other programs with that capability, but it's probably possible. Even on SPY this would get filled at nearly exact same price movement as .SPX.

Don't get me started on the sizing aspect, which you're probably not aware of either. I can duplicate SPX movements, with either 1)Call or put options 2)futures 3)Options on futures if I have a big account 4) or the ETF, which could be 1x,2x,or now 3x leveraged ETFs to size accordingly depending on the level of exposure I want.

I'm aware that you're a hack coder.

Edit With severe delusions of grandeur.

 

[R. Raskolnikov]

Do you even realize that, while trying to point out how I am "naive", you actually just agreed with what I said before. Think about it.

By the way, PEP was pretty funny.

Quote from Trader666:

Hershey's "teachings" can only take money out of your pocket if you try to trade them. Any assertion to the contrary is naive at best.

 

[MandelbrotSet]

Quote from R. Raskolnikov:

Do you even realize that, while trying to point out how I am "naive", you actually just agreed with what I said before.

By the way, PEP was pretty funny.

No idea who R. Raskolnikov is, but he sounds pretty neutral.

 

[nkhoi]

Quote from PEP Fan Club:

..

Eagerly Awaiting His Continued Tutelage,

Pool Extraction Paradigm Fan Club

you must have one twisted, kinky, dark, and sick mind.

 

[bwolinsky]

Quote from Trader666:

Hershey's "teachings" can only take money out of your pocket if you try to trade them.

I just want to see someone else post a backtest on this data from WL. Does nobody use WLP?

"Teachings" is right, which is why I considered it a fraud. Anyone that wanted to put a system out there rather than make grandiose claims should have simply written down the conditions. It's very similar to the scientific method. If no one else can duplicate your results, you must be lying. I'm not sure I've duplicated the results, but it has more potential to turn $10k into $1m quickly than anything we had before.

 

[MandelbrotSet]

Quote from nkhoi:

you must have one twisted, kinky, dark, and sick mind.

LMAO ... now that was funny! (especially when taken in context with the rest of this thread)

LOL, Barron must love us.

 

[Trader666]

Not really because a deluded Hershey "trader" losing money doesn't necessarily put money in YOUR pocket. And a winning trader doesn't necessarily take money out of YOUR pocket.

Thanks on the PEP... it's an extreme composite of the koolaid drinkers I've run into here on ET.

Quote from R. Raskolnikov:

Do you even realize that, while trying to point out how I am "naive", you actually just agreed with what I said before. Think about it.

By the way, PEP was pretty funny.

 

[bwolinsky]

Quote from MandelbrotSet:

I'm aware that you're a hack coder.

Edit With severe delusions of grandeur.

At least I can code, and it doesn't sound like you know how or even want to try yourself.

When you know EasyLanguage, Wealth Script, E-signal, and NT, you don't really worry about formatting or commenting. You can look at the code, and know what you're doing. I also know JAVA, C++, and VBA, but they're less useful than the specialty software for trading. I think you're just disappointed there's no comments, but I guess I can add that.

 

[Trader666]

I do and I'll take that as a compliment. But I can't take all the credit, it's inspired by the real koolaid drinkers here on ET.

Quote from nkhoi:

you must have one twisted, kinky, dark, and sick mind.

 

[bwolinsky]

Quote from MandelbrotSet:

Can we get a decent coder in here to test out the Jack Hershey method?

Please?

Anyone?

P.S. Is there a point to going on with this thread?

I don't believe there is.

The code's fine. In WL it looks perfectly formatted with good spacing and all. I have a limitation of only being able to post certain file types through ET, so be thankful I at least took the time to post in a word document.