Jack Hershey PVT System Testing (moderated)
- Thread starter vikana
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Someone asked me to check these times ... they are authentic according to my data information and though they represent the high and the low of the move, realisticaly they most definitely could have been filled.
Now, I'm kinda busy homies, can you please concentrate on the trading!??#!
Obviously the proponents of the method care because it makes their method look bad. What's so difficult about that to understand?
But to clarify AGAIN, I only tested "rockets" and buying "the 0 to 7" turn" which I never claimed is PVT in it's entirety. Which is what we're supposed to do here, so let's get on with THAT, OK?
But to clarify AGAIN, I only tested "rockets" and buying "the 0 to 7" turn" which I never claimed is PVT in it's entirety. Which is what we're supposed to do here, so let's get on with THAT, OK?
The issue is that if your coding of Rockets or the 0 to 7 is flawed...
which is the reason why I want to see a code of anything that happens to do with Jack's method.
Your coding of PVT may be flawed too if Jack is unable to provide a simple rule based instructions for you to code due to the fact you become dependent upon your own interpretations and that leaves a back door escape clause sort'uv speak for those that tried to explain the method to you.
Please correct me if I'm wrong and you have done so with me so far without arguing in a negative way what so ever which is appreciated.
Thanks.
Mark
Quote from OddTrader:
Thanks Jack. That simply implies a significance that ETFs would be potentially not suitable to trade with your methods. For Cornering purpose?
ETF's and the QQQQ are not suitable for trading using PVT.
PVT involves choosing a Universe and timing the trading whether the trade is a long or a short trade.
Here you see a person using our universe and his tading rules to verify whether the Universe is something or other (who knows what) relative to the Universe. It looks like a price is chosen on one day and another price is chosen on another date and the difference in the two values are posted on a line.
In reality, PVT and SCT are systems. as such there is no connection to the posted stuff (for whatever reason it was posted)
As has been pointed out, we have to wait a few days for some analysis and testing code to be posted by the moderator.
Today is a typical trading day. A print has been posted for one typical 50 contract trade. This is identical to the posting of 10 day and 20 days results of trader666 with one exception: the algorithm's rules were used in the case of the print for 50 contracts.
Were the universe compared to the indiexes by a person in the trading, analysis testing or modelling or development business he would have not been assigned the task that trader666 did. Obviously, anyone in any of these facets of the financial industry could give direction to Trader666 to redirect his efforts on to do comparisons. Feel free to help him out of his dilemma.
We modelled the pool extraction algorithm and used it to develop three systems: PVT, SCT and sector rotation all of which are necessary to manage capital as a consequence of expert trading.
We recommend that PVT is learned forst and used as the means to become a full time trader. Next we recommend that this person take the time to work, in a learning process, through 6 levels of SCT trading. At this point, 50 or more contracts are traded (See the 40,000 plus profit in the single trade in this thread) and weekly the SCT accounts are swept into the PVT accounts. Ultimately, it is necessary to sweep PVT accounts to sector rotation specific accounts.
because of the nature of having accounts and trading using the algorithm founded on the shaded blocks in the attachment, brokerage accounts are monitored and periodic filings are required under NFA rules. Today it IS understood by the regulatory agencies that the timing of the trading is legal. that battle was fought long ago.
Do you know if they can produce the code they used.
I know (have heard) that they produced results of the method...
What about a simple, precise code that they used...can't be that difficult to copy and paste it here for all to see...
Correct ???
Ok everybody...back to trading because it's almost 1:30pm est (your 1 1/2 hours lunch break is over).
Mark
No, you're wrong because my backtests were done correctly so it does make them look bad, that's the point. Their claims about my incorrect tests were obfuscations. For example...in the case of buying the "0 to 7 turn" they claimed the stocks I tested it on should have been part of of a pre-determined "universe." The only problem with that is, Jack's original paper that I was testing from does NOT mention anything about pre-screening the stocks. That was added after-the-fact because they didn't like the results.
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