Quote from hypostomus:
I accept the challenge as champion and surrogate mother for Jack and Spydie! But is it OK if I don't trade SCT, or even SCT-Lite? On second thought, how could anybody tell any difference from my random entry system with moola menagement?
Thanks for Hershey backtest info!Quote from Trader666:
Here are links to a few of my backtests of Jackass Hershey's "methods."
Every once in a while, Hershey would screw up and describe something in enough detail to backtest it. But when someone posts results, his apologists and bootlickers come out of the woodwork with new rules that were not part of the original method that they claim should have been a part of the test.
Bottom line: study these posts carefully and you'll see Hershey and his cult are drinking kool-aid.
Beware: ET mods are also brainwashed and Baron doesn't yet know how bad the problem is becoming!!
"Rocket" testing methodology:
http://www.elitetrader.com/vb/showthread.php?s=&postid=1078242#post1078242
"Rocket" equity curve:
http://www.elitetrader.com/vb/attachment.php?s=&postid=1112121
Buying the 0 to 7 turn of the "P,V Boolean relation" methodology:
http://www.elitetrader.com/vb/showt...278985&highlight=bu ying+boolean#post1278985
"P,V Boolean relation" equity curve:
http://www.elitetrader.com/vb/attachment.php?s=&postid=1278986
Quote from doli:
Astronomy used to be bad science, just like SCT is bad technical analysis.
It used to be thought that the planets moved in circles around the sun.
It used to be thought that price moved in channels.
As time went by and observation became keener, people found problems with the idea that planets moved in circles, so it was thought that planets moved on epicycloids that moved on the original, wholistic, circle.
As time went by and observation became keener, people realized that price sometimes moves outside a channel, so the FTT, FBO and a whole alphabet soup of explanations of why price would pop out of a channel were invented to patch up the price-moves-in-a-channel theory.
As time went by and observation became even keener, people realized that planets moved in elliptical orbits. The circles were out.
SCT hasn't yet reached the stage of development where they've even observed that channels aren't up to the job.
SCTers might make some progress if they'd look at a price-moves-in-channels-but-those-channels-move paradigm.
Quote from Trader666:
Here are links to a few of my backtests of Jackass Hershey's "methods."
Every once in a while, Hershey would screw up and describe something in enough detail to backtest it. But when someone posts results, his apologists and bootlickers come out of the woodwork with new rules that were not part of the original method that they claim should have been a part of the test.
Bottom line: study these posts carefully and you'll see Hershey and his cult are drinking grape kool-aid.
"Rocket" testing methodology:
http://www.elitetrader.com/vb/showthread.php?s=&postid=1078242#post1078242
"Rocket" equity curve:
http://www.elitetrader.com/vb/attachment.php?s=&postid=1112121
Buying the 0 to 7 turn of the "P,V Boolean relation" methodology:
http://www.elitetrader.com/vb/showthread.php?s=&postid=1278985&highlight=buying+boolean#post1278985
"P,V Boolean relation" equity curve:
http://www.elitetrader.com/vb/attachment.php?s=&postid=1278986