JACK HERSHEY METHOD EXPOSED AS FRAUD! *Debated*

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Quote from R. Raskolnikov:

.. but to share all your hard work freely ..
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hard work? he copied somebody else's codes (to put it politely), what is so hard about that?
 
Quote from Wayne Gibbous:

BW, are these some of the trades you are getting. Something doesn't look right. thnx


Short SPX15 160 12/8/2008 10:15:00 AM 901.69 12/8/2008 12:45:00 PM 907.91 -0.69 -1,001.20 10 -100.12 Jacks friend
Long SPX15 158 12/9/2008 7:15:00 AM 907.59 12/9/2008 12:45:00 PM 889.16 -2.03 -2,917.95 22 -132.63 Jacks friend
Long SPX15 156 12/10/2008 7:15:00 AM 900.83 12/10/2008 7:45:00 AM 897.19 -0.41 -573.84 2 -286.92 Jacks friend
Short SPX15 156 12/10/2008 10:00:00 AM 896.24 12/10/2008 11:15:00 AM 891.20 0.56 780.24 5 156.05 Jacks friend
Long SPX15 157 12/10/2008 12:30:00 PM 898.68 12/10/2008 12:45:00 PM 898.97 0.03 39.53 1 39.53 Jacks friend
Short SPX15 157 12/11/2008 10:30:00 AM 896.18 12/11/2008 12:45:00 PM 874.08 2.46 3,463.70 9 384.86 Jacks friend
Long SPX15 167 12/12/2008 9:15:00 AM 865.94 12/12/2008 10:15:00 AM 873.17 0.83 1,201.41 4 300.35 Jacks friend
Short SPX15 168 12/12/2008 10:45:00 AM 865.43 12/12/2008 12:45:00 PM 880.04 -1.69 -2,460.48 8 -307.56 Jacks friend s
Short SPX15 164 12/15/2008 7:15:00 AM 871.20 12/15/2008 9:00:00 AM 870.28 0.10 144.88 7 20.70 Jacks friend
Long SPX15 165 12/15/2008 10:45:00 AM 868.65 12/15/2008 12:45:00 PM 869.40 0.08 117.75 8 14.72 Jacks friend
Short SPX15 160 12/17/2008 7:15:00 AM 896.37 12/17/2008 12:45:00 PM 903.92 -0.85 -1,214.00 22 -55.18 Jacks 0.00
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Not sure, but I don't have any trades past 12/3/2008.

For your information and Frosts, these are the trades you should be getting out of Fidelity's WLP on .SPX.

Position Symbol Contracts Entry Date Entry Price Exit Date Exit Price % Change Net Profit Bars Held Profit/Bar Entry Signal Exit Signal Cum Profit MAE % MFE %
Long SDS 40 9/10/2008 12:15:00 PM 70.61 9/11/2008 10:30:00 AM 71.50 1.24 34.95 21 1.66 Jacks friend scott d says to sellshort here 34.95 -2.52 2.83
Long SSO 50 9/12/2008 10:30:00 AM 57.24 9/12/2008 12:00:00 PM 58.02 1.32 37.78 6 6.30 Jacks friend scott d says to buy here 72.73 -0.20 2.35
Long SSO 51 9/15/2008 11:15:00 AM 56.74 9/16/2008 1:45:00 PM 53.24 -6.20 -179.53 39 -4.60 Jacks friend scott d says to buy here -106.80 -11.10 0.00
Long SSO 51 9/16/2008 3:00:00 PM 53.27 9/16/2008 3:45:00 PM 53.74 0.85 23.13 3 7.71 Jacks friend scott d says to buy here -83.67 -0.37 2.94
Long SDS 37 9/17/2008 10:30:00 AM 74.39 9/17/2008 1:00:00 PM 76.07 2.23 61.51 10 6.15 Jacks friend scott d says to sellshort here -22.17 -0.52 4.67
Long SDS 37 9/18/2008 11:00:00 AM 76.51 9/18/2008 12:15:00 PM 78.39 2.43 68.72 5 13.74 Jacks friend scott d says to sellshort here 46.55 -0.25 4.05
Long SSO 57 9/18/2008 2:00:00 PM 50.36 9/19/2008 11:15:00 AM 56.80 12.75 365.91 18 20.33 Jacks friend scott d says to buy here 412.46 -2.09 19.14
Long SDS 34 10/8/2008 10:45:00 AM 93.81 10/8/2008 12:15:00 PM 95.82 2.12 67.75 6 11.29 Jacks friend scott d says to sellshort here 480.21 -1.51 4.47
Long SDS 34 10/8/2008 1:45:00 PM 94.88 10/9/2008 11:30:00 AM 98.14 3.42 110.17 20 5.51 Jacks friend scott d says to sellshort here 590.38 -6.35 6.30
Long SSO 113 10/10/2008 10:30:00 AM 30.14 10/13/2008 2:15:00 PM 32.73 8.53 290.39 44 6.60 Jacks friend scott d says to buy here 880.77 -16.89 10.48
Long SDS 41 10/14/2008 11:00:00 AM 88.47 10/14/2008 2:45:00 PM 88.75 0.30 10.79 15 0.72 Jacks friend scott d says to sellshort here 891.56 -4.72 2.83
Long SDS 37 10/15/2008 3:45:00 PM 99.48 10/16/2008 12:00:00 PM 107.93 8.48 311.96 14 22.28 Jacks friend scott d says to sellshort here 1,203.52 -0.44 14.25
Long SSO 137 10/16/2008 12:30:00 PM 29.05 10/17/2008 10:30:00 AM 30.58 5.20 207.12 20 10.36 Jacks friend scott d says to buy here 1,410.64 -4.23 8.17
Long SSO 147 10/23/2008 10:30:00 AM 28.46 10/23/2008 11:45:00 AM 28.87 1.37 57.42 5 11.48 Jacks friend scott d says to buy here 1,468.06 -2.34 4.16
Long SDS 39 10/23/2008 3:45:00 PM 106.42 10/24/2008 11:00:00 AM 109.95 3.30 136.91 9 15.21 Jacks friend scott d says to sellshort here 1,604.96 -5.75 10.41
Long SDS 39 10/28/2008 10:45:00 AM 110.83 10/28/2008 11:30:00 AM 112.94 1.88 81.45 3 27.15 Jacks friend scott d says to sellshort here 1,686.42 -0.66 4.56
Long SSO 146 10/29/2008 3:00:00 PM 30.54 10/30/2008 3:30:00 PM 30.99 1.40 62.61 30 2.09 Jacks friend scott d says to buy here 1,749.03 -4.88 5.76
Long SSO 178 11/13/2008 10:45:00 AM 25.37 11/13/2008 3:30:00 PM 25.59 0.78 35.43 19 1.86 Jacks friend scott d says to buy here 1,784.46 -10.45 4.33
Long SDS 41 11/19/2008 3:45:00 PM 109.78 11/20/2008 11:00:00 AM 116.21 5.84 262.84 9 29.20 Jacks friend scott d says to sellshort here 2,047.30 -0.99 11.47
Long SSO 248 11/21/2008 12:00:00 PM 19.36 11/24/2008 12:45:00 PM 22.72 17.25 828.36 32 25.89 Jacks friend scott d says to buy here 2,875.66 -4.80 21.75
Long SSO 242 12/3/2008 10:30:00 AM 23.03 12/3/2008 12:30:00 PM 24.02 4.23 235.67 8 29.46 Jacks friend scott d says to buy here 3,111.33 -0.59 6.71
 
Quote from Wayne Gibbous:

Sure looks like that to me too.

I'm running the code on esig $SPX 15 minute bars for the last 120 days.

Net profit is -$4360. I "trade" all I can starting with $147,000.

Something is not right.
More...

Set your .SPX futures values to $2,000 margin, $50 point value, and use 10% of equity.
 
Quote from Trader666:

From the stats it looks like the code is "peeking" at future bars. You have 10 pages of code... how do you know this isn't the problem?
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T, the "system" is only this much:
for Bar := 5 to BarCount - 1 do
begin

var SMADiff : float =(SMA( bar, #close , 20 ) - SMA( bar - 1, #close, 20 ));
var MACDday : integer = MACDExSeries( #Close, val1, val2 );

if (bar>lbar+2) and (gettime(bar)<1545) then begin
if not (lastpositionactive) and (crossovervalue(bar,HersheyStochK,50) ) and (@#Volume[bar-1]>20000) then begin
{ if (@MACDH[bar]>0) then }buyatmarket(Bar+1,'Jacks friend scott d says to buy here');
end;
if not (lastpositionactive) and (crossundervalue(Bar,HersheyStochK,50)) and (@#Volume[bar-1]>20000) then begin
{ if (@MACDH[bar]<0) then }shortatmarket(Bar+1,'Jacks friend scott d says to sellshort here');
end;
if (positionlong(lastposition)) and (@HersheyStochK[bar]<@HersheyStochD[bar]) and (crossundervalue(Bar,HersheyStochK,80)) then begin
sellatmarket(Bar+1,LastPosition,'');
end;
if (positionshort(lastposition)) and (@HersheyStochK[bar]>@HersheyStochD[bar]) and (crossovervalue(Bar,HersheyStochK,20)) then begin
coveratmarket(Bar+1,lastposition,'');
end;
if (positionlong(lastposition)) and (abs(@HersheyStochD[bar])<1.4) then begin sellatmarket(Bar+1,LastPosition,''); end;
if (positionshort(lastposition)) and (abs(@HersheyStochD[bar])<1.4) then begin coveratmarket(Bar+1,LastPosition,''); end;
if (positionlong(lastposition)) and (lastbar(bar)) then begin sellatclose(Bar,lastposition,'');end;
if (positionshort(lastposition)) and (lastbar(bar)) then begin coveratclose(Bar,lastposition,'');end;

end;
if lastbar(bar) then begin
lbar:=bar;
end;
end;

The indicators aren't peeking and I get no List index out of bounds error.
 
Short SPX15 160 12/8/2008 10:15:00 AM 901.69 12/8/2008 12:45:00 PM 907.91 -0.69 -1,001.20 10 -100.12 Jacks friend
Long SPX15 158 12/9/2008 7:15:00 AM This is the red flag. Something's wrong with your data. I'm not sure which timezone you're in, but I don't believe 7:15 is a possible entry time.

Are you on pacific? Because, even then, I'm central, but I lived on Easterm time for so long my computer is still set to that. I'm 8:30 cst, MST, is 7:30, Pacific is at 6:30......hmm, yeah, you'll have to adjust your data for your time zone.
 
Quote from bwolinsky:

Not sure, but I don't have any trades past 12/3/2008.

For your information and Frosts, these are the trades you should be getting out of Fidelity's WLP on .SPX.

Position Symbol Contracts Entry Date Entry Price Exit Date Exit Price % Change Net Profit Bars Held Profit/Bar Entry Signal Exit Signal Cum Profit MAE % MFE %
Long SDS 40 9/10/2008 12:15:00 PM 70.61 9/11/2008 10:30:00 AM 71.50 1.24 34.95 21 1.66 Jacks friend scott d says to sellshort here 34.95 -2.52 2.83
Long SSO 50 9/12/2008 10:30:00 AM 57.24 9/12/2008 12:00:00 PM 58.02 1.32 37.78 6 6.30 Jacks friend scott d says to buy here 72.73 -0.20 2.35
Long SSO 51 9/15/2008 11:15:00 AM 56.74 9/16/2008 1:45:00 PM 53.24 -6.20 -179.53 39 -4.60 Jacks friend scott d says to buy here -106.80 -11.10 0.00
Long SSO 51 9/16/2008 3:00:00 PM 53.27 9/16/2008 3:45:00 PM 53.74 0.85 23.13 3 7.71 Jacks friend scott d says to buy here -83.67 -0.37 2.94
Long SDS 37 9/17/2008 10:30:00 AM 74.39 9/17/2008 1:00:00 PM 76.07 2.23 61.51 10 6.15 Jacks friend scott d says to sellshort here -22.17 -0.52 4.67
Long SDS 37 9/18/2008 11:00:00 AM 76.51 9/18/2008 12:15:00 PM 78.39 2.43 68.72 5 13.74 Jacks friend scott d says to sellshort here 46.55 -0.25 4.05
Long SSO 57 9/18/2008 2:00:00 PM 50.36 9/19/2008 11:15:00 AM 56.80 12.75 365.91 18 20.33 Jacks friend scott d says to buy here 412.46 -2.09 19.14
Long SDS 34 10/8/2008 10:45:00 AM 93.81 10/8/2008 12:15:00 PM 95.82 2.12 67.75 6 11.29 Jacks friend scott d says to sellshort here 480.21 -1.51 4.47
Long SDS 34 10/8/2008 1:45:00 PM 94.88 10/9/2008 11:30:00 AM 98.14 3.42 110.17 20 5.51 Jacks friend scott d says to sellshort here 590.38 -6.35 6.30
Long SSO 113 10/10/2008 10:30:00 AM 30.14 10/13/2008 2:15:00 PM 32.73 8.53 290.39 44 6.60 Jacks friend scott d says to buy here 880.77 -16.89 10.48
Long SDS 41 10/14/2008 11:00:00 AM 88.47 10/14/2008 2:45:00 PM 88.75 0.30 10.79 15 0.72 Jacks friend scott d says to sellshort here 891.56 -4.72 2.83
Long SDS 37 10/15/2008 3:45:00 PM 99.48 10/16/2008 12:00:00 PM 107.93 8.48 311.96 14 22.28 Jacks friend scott d says to sellshort here 1,203.52 -0.44 14.25
Long SSO 137 10/16/2008 12:30:00 PM 29.05 10/17/2008 10:30:00 AM 30.58 5.20 207.12 20 10.36 Jacks friend scott d says to buy here 1,410.64 -4.23 8.17
Long SSO 147 10/23/2008 10:30:00 AM 28.46 10/23/2008 11:45:00 AM 28.87 1.37 57.42 5 11.48 Jacks friend scott d says to buy here 1,468.06 -2.34 4.16
Long SDS 39 10/23/2008 3:45:00 PM 106.42 10/24/2008 11:00:00 AM 109.95 3.30 136.91 9 15.21 Jacks friend scott d says to sellshort here 1,604.96 -5.75 10.41
Long SDS 39 10/28/2008 10:45:00 AM 110.83 10/28/2008 11:30:00 AM 112.94 1.88 81.45 3 27.15 Jacks friend scott d says to sellshort here 1,686.42 -0.66 4.56
Long SSO 146 10/29/2008 3:00:00 PM 30.54 10/30/2008 3:30:00 PM 30.99 1.40 62.61 30 2.09 Jacks friend scott d says to buy here 1,749.03 -4.88 5.76
Long SSO 178 11/13/2008 10:45:00 AM 25.37 11/13/2008 3:30:00 PM 25.59 0.78 35.43 19 1.86 Jacks friend scott d says to buy here 1,784.46 -10.45 4.33
Long SDS 41 11/19/2008 3:45:00 PM 109.78 11/20/2008 11:00:00 AM 116.21 5.84 262.84 9 29.20 Jacks friend scott d says to sellshort here 2,047.30 -0.99 11.47
Long SSO 248 11/21/2008 12:00:00 PM 19.36 11/24/2008 12:45:00 PM 22.72 17.25 828.36 32 25.89 Jacks friend scott d says to buy here 2,875.66 -4.80 21.75
Long SSO 242 12/3/2008 10:30:00 AM 23.03 12/3/2008 12:30:00 PM 24.02 4.23 235.67 8 29.46 Jacks friend scott d says to buy here 3,111.33 -0.59 6.71
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I hope it's not confusing to use SDS and SSO.
 
Quote from Wayne Gibbous:

Sure looks like that to me too.

I'm running the code on esig $SPX 15 minute bars for the last 120 days.

Net profit is -$4360. I "trade" all I can starting with $147,000.

Something is not right.
More...

E signal? As your dataprovider? Switch to using Fidelity .SPX if you're in WL.
 
Quote from R. Raskolnikov:

Beau, not sure I understand your motive for sharing a code that you've worked extensively on that COULD make you a lot of money? I understand trying to prove or disprove J Hershey but to share all your hard work freely seems, well, not bright.

Unless of course you aren't sharing it all but then what would be the point of sharing any of it?
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You think this is hard to do? It took me 10 minutes to copy from easylanguage into WL?

You should see how much time goes into my own systems. This one isn't even a second thought.

And copying and pasting results is no big deal either. Who wants to have the program if you can't see the results?
 
Quote from nkhoi:

hard work? he copied somebody else's codes (to put it politely), what is so hard about that?
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As you say, it was copied, so it was already out there anyway, I guess.

My take is forget about the sell on close.
 
Quote from nkhoi:

hard work? he copied somebody else's codes (to put it politely), what is so hard about that?
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A better question is, why the fuck did he take 10 years to put the system out there when it took 10 minutes to give to the rest of the world? It's a quantum leap.
 
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