Jack Hershey PVT System Testing (moderated)

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I agree with Steve46, this opportunity should excite you. The idea that the tests you did were incorrect and the opportunity comes about where you can try again, using the correct info this time. If you are able to code it up and it works, imagine how great that would be for you.

So stop focusing on who's fault last times test was and focus on what you have in front of you now.

Quote from Trader666:

No! You misinterpreted what I was saying. The screening requirement was NOT in Jack's paper and I was testing what was in Jack's paper. After I published my results I was told I should have screened the stocks first. Because that requirement wasn't in the original paper, I said they added it after-the-fact in an attempt to discredit my test. I never said they developed the screening and universe concepts because of me and my backtests. Look at it this way... if I publish a system here with 3 rules and someone tests it and the results suck, I can't say oh you forrgot rules 4, 5 and 6.
 
Spydertrader, stop LYING about me. You're totally misrepresenting what I've done yet again. Here's my disclaimer. Don't pretend I'm doing something I said I'm NOT doing.

DISCLAIMER: I'm NOT saying this is an analysis of PVT and I'm not saying this is how you (Jack) intended for the universe to be traded. However, based on your comments about the importance of the universe and how high quality it is, I wanted to see how the stocks in the universe performed in June relative to the Dow, SP500 and Nasdaq indices.
http://www.elitetrader.com/vb/showthread.php?s=&postid=1978460#post1978460
Quote from Spydertrader:

The Final Universe represents stocks which cycle a minimum of five times in six months for 20% or greater gains developing across six to eight days.

One obtains this list of stocks by culling all stocks traded on AMEX, NASDAQ and NYSE using the fundamental criteria published here. Once obtained, one then uses the technical criteria to buy and sell.

One does not, as you have done once again, arbitraily create buy and sell parameters to buy June 1st and sell on the final day of the month.

Why you would choose to test a group of stocks against another set of parameters, rather than, use the parameters you've been told to use numerous times, I fail to comprehend.

So why not, rather than once again dig in your high heels, test the final universe stocks with your 'code' and let everyone know how the results turn out.

- Spydertrader
 
Quote from Trader666:

Spydertrader, stop LYING about me. You're totally misrepresenting what I've done yet again. Here's my disclaimer. Don't pretend I'm doing something I said I'm NOT doing.

DISCLAIMER: I'm NOT saying this is an analysis of PVT and I'm not saying this is how you (Jack) intended for the universe to be traded. However, based on your comments about the importance of the universe and how high quality it is, I wanted to see how the stocks in the universe performed in June relative to the Dow, SP500 and Nasdaq indices.
http://www.elitetrader.com/vb/showthread.php?s=&postid=1978460#post1978460

Your question is irrelevant.

Please stay on topic.
 
Quote from Trader666:

Spydertrader, stop LYING about me. You're totally misrepresenting what I've done yet again.

I'll repeat ...

Quote from Spydertrader:

So why not, rather than once again dig in your high heels, test the final universe stocks with your 'code' and let everyone know how the results turn out.
 
Quote from Now is Now:

Wouldn't it be useful, that since Trader666 is supposed to have erred in his backtesting for a specific period,June 2008, that Hershey/Spyder, or whoever, provide the correct results for the same period?...warts and all.

This will be done by a third party. Certainly anyone could do this and here we have a solution in effect which is being done. You, as a passive observer, just get to wait until then.

This will assist us all in recognising the variances and provide some insight as to where the confusion lies between the backtests in question.

This stuff you call back testing will be shown for what it isn't. I may sound harsh but what has been posted on June 2008 has no contributing value to anything. This specifically includes that it has no contributing value to the analysis, testing or clarifying anything about PVT.

From what you are saying you cannot understand this at all. That is just fine. It is not going to be possible, as you see, for any of the coding of trader666 to ever see the light of day. Coding will begin to appear and when it does it will be iteratively refined to afford potential users the opportunity to have something excellent to demonstrate and make use of what is appropriate for back testing a system according to the rules of parts and/or all of the system as a whole.

Right now we are just going through a sad and unfortunate interlude until all of the "work" so far done by trader666 is eradicated based upon its lack of quality and failures


At present, it looks to me like a game of smoke and mirrors and somebody is playing "silly buggars".

I believe that it will take some time here to upgrade the activities of ET. I have been making a strong and solid effort to support the learning of others for about 50 years. It is very common to have others making unfounded disparging remarks like those you are making towards me. I take such in stride because I know several things that are a consequence of being succesful in transferring these trading systems for such a long period. I alsoknow that by using a non inductive and non probabalistic approach. that the users have much less risk on their hands and they, therefore, have a greater chance of purposefully acquiring knowledge and skills as a consequence of putting in the work while gaining experience. One tangible outcome posted today was a turn of 50 contrcts that made the poster over 40,000 for that period of the day in that instrument alone. You characterize this as "a game of smoke and mirrors and somebody is playing "silly buggars"."

My suggestion to you is to get very interested in learning to do what this poster who offered the print does in PVT and SCT and, secondly, getting it staight that there is no scientific or logical way of proving anything cannot be done. the person who thinks he is proving something is simply showing that, so far, he is not proving anything at all.




 
ROTFLMAO -- you A-Team folks are funny! Great job of trolling guys, you're obviously doing all you can to keep this thread off topic. One has to wonder why. My guess is you're afraid of what the results will be.

Spydertrader and Jack are already misrepresenting what I posted about the final universe underperforming the indices, despite my disclaimer:

http://www.elitetrader.com/vb/showthread.php?s=&postid=1978795#post1978795
DISCLAIMER: I'm NOT saying this is an analysis of PVT and I'm not saying this is how you (Jack) intended for the universe to be traded. However, based on your comments about the importance of the universe and how high quality it is, I wanted to see how the stocks in the universe performed in June relative to the Dow, SP500 and Nasdaq indices.

How incredibly transparent. Do you really think you're fooling anyone?

Later, I have better things to do for now... but I'll be back!
 
Quote from Trader666:

How incredibly transparent. Do you really think you're fooling anyone?

Quote from Spydertrader:

So why not, rather than once again dig in your high heels, test the final universe stocks with your 'code' and let everyone know how the results turn out.

Quote from Trader666:

Later, I have better things to do for now... but I'll be back!
 
Quote from Vienna:

Who CARES what you posted and what you backtested, apparently erroneously. Let Spyder and/or JH show how they want it done, have THEM show the code, and THEN you can post if you find something wrong with it, and critique the parameters.

This post is not about you. Most people here are interested in PVT as it is understood by the creators of PVT.
The thread is not called "PVT -how I see it and interpret it- by Trader666". Neither is it called "Trader666' frustrations with Jack Hershey".
Just get out of the way please, thanks.

Actually I prefer ANYONE (either Trader666 or Jack or someone) to post a code of any of Jack's method considering both sides continue stating it has been tested along with saying they have posted results of the backtest.

Until a code is shown (so far nobody on either side has stepped up to the plate)...

It's safe to assume that one thing was revealed in this thread is that both sides are either lying or too damn afraid of revealing their code to neutral ET members.

Once again, both sides (Anti-Jack and Pro-Jack) had a chance to step up to the plate to give their interpretations via a code that's valid and to show their own programming capabilities is an accurate representation of any of Jack's method.

This leaves me to only believe its a discretionary rule-based method that any body can interpret any way they want and/or able to code only parts of it but why bother coding parts when its not reflective of the method as a whole.

:(

Don't misunderstand, there's nothing wrong with a discretionary rule-based method...many profitable traders out there using discretionary rule based methods that aren't coders.

Further, many here should stop making a request for a code of Jack's method ifthey know the entire method can't be coded which may explain a lot of things I've seen recently...

Request is just a facade for continuing this debate.

Quote from vikana:

Forum dedicated to analysis and testing of Jack's PVT System.

To avoid all the usual banter associated with JH threads, I've agreed to heavily moderate this thread. Only content related to PVT, testing of PVT or clarification of PVT details are allowed.

Let's make this productive. I think it could help all sides evaluate and learn.

Lets see...vikana will either delete all messages after you requested Trader666 and Jack to put the past behind them while forgetting to request the same of the usual suspects or you will close the thread or move it to Chit Chat.

Gotta do something based upon your above quote.

Time for another thread to be posted in feedback with complaints about being censored. :cool:

Mark
 
Quote from NihabaAshi:

Until a code is shown (so far nobody on either side has stepped up to the plate)...

Clearly you must mean "nobody has stepped up to the plate to post code in this thread." Otherwise, nobody would keep refering to the code, I have already posted. So rather than play the moral equivalency game, why not require the code which incorrectly follows the paradigm to be posted, so everyone can see the results.

- Spydertrader
 
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