JACK HERSHEY METHOD EXPOSED AS FRAUD! *Debated*

[MandelbrotSet]

Quote from bwolinsky:

Mando, WTF. Just got to say that. WTF. We can talk about two aspects to this:

If you'd like to discuss what's wrong with it, please point out where I went wrong. Since I know you can't, this point doesn't punch holes through anything as it pertains to my coding of the script

What are you talking about?

You fucked up not once, but three times based on the following posts.
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Quote from bwolinsky:

No, I'm buying at market on the open on next tick, but I'm approximating it with 0.01 ticks exactly on the .SPX and not actually on the ES. In fact, I believe this is benefitting the backtest but gets to the point pretty quickly.

Quote from bwolinsky:

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!


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Quote from bwolinsky:

I have no idea how he got 20,000.

Not only that, but you're mixiing and matching volume and data (SPX data, OEX volume) which is a huge no-no.

Saying this system is profitable off-the-cuff like this is completely irresponsible (it's like a scientist saying a drug is useable by humans when they have barely begun testing it on primates).

It's obvious that you design systems for other people to put their money at risk ... LOL.

Like I said before, I don't think you know what you're doing. I'm sure you mean well and there aren't any ulterior motives here, but you don't know what your doing and this ship is going to sink as soon as it is put out to sea.

 

[bwolinsky]

Quote from Wayne Gibbous:


****POSSIBLE EXIT ON BAR BEFORE!!!!!********
if (positionshort(lastposition)) and (lastbar(bar)) then begin coveratclose(Bar,lastposition,'');end;
****POSSIBLE EXIT ON BAR BEFORE!!!!!********<hr>

You'd be incorrect on the sell on close orders, because, if they were true, the bar wouldn't cycle through to this code.

Since you don't know what

LastBar(Bar) I'll explain. It is a boolean for if we are on the last bar of the day. So even if you bought at 4pm on the open of this bar due to information of buying on the 3:45 pm bar, you'd still be exiting on close in logical chronological fashion.

 

[MandelbrotSet]

Quote from bwolinsky:

Think about it logically, though:

If you crossover 50, can you really crossunder 50 in the same bar?

You just fucked up again.

Anyone who has spent more than two weeks trading knows the answer to this one is an unequivocal YES!

From a trader's persective, your work is extremely sloppy bwolinsky, YOU'RE FIRED!

 

[bwolinsky]

Not saying it will or won't sink, but sinking is most likely.

I haven't fucked up anywhere. Have I posted a new version since yesterday or since I published results?

You obviously don't get how long it takes to build systems.

 

[bwolinsky]

Quote from MandelbrotSet:

You just fucked up again.

Anyone who has spent more than two weeks trading knows the answer to this one is an unequivocal YES!

From a trader's persective, your work is extremely sloppy bwolinsky, YOU'RE FIRED!

Schmuck. That's not possible as they're mutually exclusive.

 

[MandelbrotSet]

Quote from bwolinsky:

Not saying it will or won't sink, but sinking is most likely.

How do you know that, if it backtests so well (LOL). Your statement is extremely illogical.

Quote from bwolinsky:

I haven't fucked up anywhere. Have I posted a new version since yesterday or since I published results?

You've made countless small mistakes which would normally have been caught in the system development process if you actually had one.

Quote from bwolinsky:

You obviously don't get how long it takes to build systems.

I've worked hand-in-hand with system developers for years in the financial and entertainment fields, so I obviously do know how long it takes to build systems.

Wrong, wrong again.

 

[MandelbrotSet]

Quote from bwolinsky:

Schmuck. That's not possible as they're mutually exclusive.

Ok fine.

I'm a schmuck and you're a fucking idiot.

Sounds good?

If you think a bar can't register both above and below the 50 point you haven't spent much screen trading now have you?

You were probably too busy thinking about the next automated system you were going to code up ... LOL.

 

[bwolinsky]

Quote from MandelbrotSet:

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You're still a schmuck for saying a crossover and crossunder of 50 is possible on the same bar. Obviously you have a fundamental misunderstanding of coding.

 

[bwolinsky]

Quote from MandelbrotSet:

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This is not an intrabar calculation YOU SCHMUCK. It calculates once per bar.

 

[Trader666]

Rule #1 whenever I test a system is to rigorously review the signals both on a chart and in system reports, bar-by-bar, to verify that the system is executing signals as I intended based on the indicator values or whatever. There are only 21 trades here. Have you reviewed any?