Jack Hershey methods

Quote from romanus:

A very trivial observation, indeed. You have not seen how market operates and it's highly unlikely that you ever will. Your emotional situation precludes you from learning anything useful. All you do is create aliases and play hide and seek with ET moderators. 5 yr olds with severe emotional problems behave that way. There is a cure for that however -it's called SPANKING!
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Spoken like a loser that relies on SOMEONE elses method :p

It must gall you to get up every day knowing you cannot even originate your own financial well being :D
 
First, the equity curves did stick and second, your comments show a total lack of understanding of backtesting... not only that but you contradict yourself repeatedly. For example, on my test of buying the 0 to 7 turn of the P,V relation, you wrote:

There are about 24,000 trades

And then two paragraphs later, you wrote:

5 years of trading were involved and 1,000 stocks were held for 5 days at some point during that time. Five years have about 240 times 5 trading days or about 1200 days total. In 1200 days 1000 positions were held, each 5 days long for a total of 6000 trading days in the markets using the S&P 500 stocks as the stock data set.

So how did we go from "24,000 trades" to "1000 positions?" You even contradict yourself from one sentence to another in the latter paragraph... in the first sentence you say are 1,000 stocks but in the last sentence we're down to 500 (the S&P 500 stocks).

Your comments are a mess, and I imagine that reflects the state of your mind. No wonder you returned -24% in that trading contest.

Quote from jack hershey:

See attached.

Sorry the two equity curves didn't stick to the .doc.
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Actually, yours are the trivial observations which you're making in an attempt to obfuscate the real issue -- what's the scoop on Jack Hershey, his "teachings" and his followers.
Quote from romanus:

A very trivial observation, indeed. You have not seen how market operates and it's highly unlikely that you ever will. Your emotional situation precludes you from learning anything useful. All you do is create aliases and play hide and seek with ET moderators. 5 yr olds with severe emotional problems behave that way. There is a cure for that however -it's called SPANKING!
More...
 
Quote from easyrider:

Trader666 does not believe my 600% in two years claim and I will make it even more unbelieveable by adding that the majority of the 600% has come in the last year. I made over 6k last week some of which I posted executions for shortly after they happened. That was an average week. I have posted numerous trade sheets which Traders666 says I fake even though they were posted shortly after they happened so it is apparent that some people will never believe anything under any circumstances. Almost all of what I trade is directly attributable to what I have learned from Jack.
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http://www.elitetrader.com/vb/showthread.php?s=&postid=1086299#post1086299
 
So what? More unsubstantiated claims by a glassy eyed kool-aid drinker. Do you believe everything you read on ET that's posted by Hershey and his followers?

Quote from romanus:

Quote from easyrider:

Trader666 does not believe my 600% in two years claim and I will make it even more unbelieveable by adding that the majority of the 600% has come in the last year. I made over 6k last week some of which I posted executions for shortly after they happened. That was an average week. I have posted numerous trade sheets which Traders666 says I fake even though they were posted shortly after they happened so it is apparent that some people will never believe anything under any circumstances. Almost all of what I trade is directly attributable to what I have learned from Jack.
http://www.elitetrader.com/vb/showthread.php?s=&postid=1086299#post1086299
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Quote from makosgu:

A couple of problems which you may have not considered. The EPS and RS are with respect to ALL STOCKS.

1) You would need to have historical EPS and RS figures since STOCKS continually rotate through the target high quality arena. In other words, these stocks continually rotate in and out of phase for the EPS & RS criteria.

2) The use of these figures biases the analysis to longs only. You would need to remove all SHORTS off the table since high quality stocks are biased long. In other words, you don't find high quality stocks rocketing in a short tranlation.

3) There are float and institutional measures that are go/no go at the point that a rocket is in place.

4) VOLUME is of significant value which is also coupled with float and institutional values.

The point is that with stocks, there is the criteria for flawless execution. When you read easy and note his comments, he looks for all flaws to be removed in his rocket. In other words, once he's in, he is on alert for any flaw that takes him out. The stochastic flaw is well after other flaws would have taken you out...

Backtesting all of the above for all of the flaws at the point at which a given stock qualifies is tough. It is odd but I can look at a stock chart draw in the channels (this is key for me), check the indicators and know exactly where I am and how things will unravel for the next few days sequence wise. It is a few second annotation...

Unfortunately, it is not easy programming wise so instead, I just moved into state spaces where things just flash as criteria is gated.

TO get what you want, you would need to program the recognition of a tape using just sequential bars and identifying dominat V's along the dominant direction of the tape. Thursday on the 5M ES, there is a perfect example starting at about 2:05PM. There is a 2:00 PM RED DECReasing V bar followed by a second DECReasing RED V bar followed by an INCReasing RED V bar (R2R). From there out the DOMINANTS of the TAPE were RED. On the TAPE you see the flaw on the ROCKET (-20 XO) but it is only the point 2 on the TAPE... It is a matter of where you are as far as what you know vs not knowing what's happening. If you weren't annotating the channel, you didn't know that the XO was a POINT 2 so you got out because your stoch knowledge said the party is over. If you taped, you knew that it was just a short break and tha the party would soon continue...

I'm sure you get my drift grape or no grape. Our computer between our lobes is alot better at recognizing these things and gating all of the above...
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http://www.elitetrader.com/vb/showthread.php?s=&postid=1078277#post1078277
 
Quote from makosgu:

You know what the gotcha is right? We were trying to fix your backtest because your universe was not VALID by your own definition of what it means to be valid.

"Things like qualified universe, 5x+ 20%+ cycling, etc.". Two things you admitted to have not incorporated. In other words, your data set was unqualified (ie. not valid). You verified that it does not work on an unvalidated universe. As a result and by your own definition, you have discredited your own backtest. If a car has no gas, how are you going to expect the car to get you to point B. This is the problem we had tried to fix in your backtest (ie. get valid favorable non-fantastical results). Qualified names have juice (ie. gas). Thats what gets your EQ curve from Negative to Positive...
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http://www.elitetrader.com/vb/showthread.php?s=&postid=1377571#post1377571
 
Quote from makosgu:

YES, ALL BS ASIDE.

So by choosing an ADDITIONAL condition that is a portfolio of "randomly selected S&P stocks", your portfolio backtest shows that such a backtest of a "0 to 7 turn" produces a negative EQ curve. The opposite of this result is a positve EQ curve where the backtest used a portfolio that is NOT a random selection of stocks. Alas, we have found something; an input difference. A random vs non-random portfolio input. On one side, a random input yields a negative result. On the other side, a non-random input did NOT yield a negative result. If one were to prefer not having a negative result, then why not use a portfolio that is not randomly selected (ie has criteria). You know the conditions. It is difficult to find anything robust enough to handle randomness. As has been mentioned before, Acrary was a master of isolating such things...
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http://www.elitetrader.com/vb/showthread.php?s=&postid=1400253#post1400253
 
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