Mark Brown and his Snowball Strategy

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I don't know how long this thread will last before the moderator deletes it.

Mark is a vendor, but he is too cheap to become a sponsor of ET. Instead, he interfers with other people's threads to promote his products.

I am starting this thread for him, so that he can have a place to hang his hat. He does not have to hackle in other people's threads anymore.

All discussions about him, his tactics, and his strategies may be carried out here.
 
Mark Brown has given out many free trading systems throughout the years. Give him some mechanical rules for a Jack Hershey trading method, and maybe he would code something for us.

It will be great for everybody to see how Jacks methods backtest!
 
Quote from quantsteve:

It will be great for everybody to see how Jacks methods backtest!
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What a great idea. I would love to see a backtest of SCT, I am sure it would be a very active thread. I don't think it would return 3 * H-L as Jack suggests however.
 
Neoticker code of the system:

Code: 
# NEOTICKER DATA BEGIN
ScriptType=Indicator
Description=OddBall System
Name=OddBall
Language=Formula
Links=2
MinBars=0
TimerInterval=100
MetaStyle=Normal
ValueRange=Same as Source
Placement=Smart
Multiplot_num_plots=1
Multiplot_color_0=255
Multiplot_style_0=Line
Multiplot_width_0=1
Multiplot_enabled_0=1
Multiplot_breakstyle_0=0
UpdateByTick=0
TradingSystemUI=1
PrimaryLinkOnly=0
NotifyOnRemoval=0
Param_count=3
Param_name_0=Period
Param_inuse_0=1
Param_type_0=integer.gt.0
Param_default_0=7
Param_name_1=Long Threshold
Param_inuse_1=1
Param_type_1=real
Param_default_1=3
Param_name_2=Short Threahold
Param_inuse_2=1
Param_type_2=real
Param_default_2=1
Explanation_Lines=0
# NEOTICKER DATA END
' Oddball System
' originally created by Mark Brown
' adapted to NeoTicker by Lawrence Chan

plot1 := currentequity;

myroc := roc (data2, param1);

longatmarket (xaboveconst (myroc, param2), defaultordersize, "Long");
shortatmarket (xbelowconst (myroc, param3), defaultordersize, "Short");

ref: http://newsletter.neoticker.com/wp-content/oddballsys.for
 
Quote from slacker:

What a great idea. I would love to see a backtest of SCT, I am sure it would be a very active thread.
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Seriously, lets backtest Jack Hersheys methods! It would finally place Jacks methods in proper perspective.

Everybody here at ET would be interested in what the equity curve would look like!

Quote from MarkBrown:

Jack Hersheys rules are in the back pocket of "the kings clothes" written on an invisible piece of paper... don't you see them?

Jacks cult member's do see the invisible paper.... what's wrong with us.

mb
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Since a screenshot from our blog is shown here, got to clarify the following,

1. As far as I remember, the Oddball system was released to the public for at least a year and a half before the peak of the equity curve shown in the screenshot.

2. The instability of the advance issues data was very clear since last part of year 2000.

As a summary, if you understand clearly the principle behind OddBall, then you should benefit from the system and should be able to adapt that to the current trading environment.

Mark has given a lot to the trading community for many years. His contribution should be recognized and put into proper perspective.
 
Quote from marcbrown:

Jack Hersheys rules are in the back pocket of "the kings clothes" written on an invisible piece of paper... don't you see them?

Jacks cult member's do see the invisible paper.... what's wrong with us.

It's easy to see that Jack's method isn't a realtime method: Look at an indicator at the right edge of the chart. How will it change? That depends on what happens in the next 5-min interval. It may indicate something entirely different when the next 5-min interval is in!
Strictly hindsight.
 
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