Questions to Jack Hershey

Quote from bwolinsky:

Yeah, what? Did he say an acronym I don't need to know nor should I care about? Is that what I heard? Was he talking about the ftt financial transaction tax?





There, I've said my piece. (He would probably never add which to any of his sentences, but not a bad impersonation, huh?)

Get it?


Next, as soon as Jackass responds we'll need to tell him how awesome he's doing, and how he must be on fire with all these great psychobabbles bubbling out of his chin like some half epileptic nympho whose fetish is watching the ftt traverse above the last nestal fracted loop. I'm sure that's the only way the old geezer can get off, too!
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as usual,another thread trashed by bashers for the last several pages,do you guys add anything ,is the world already bad enough...bitching and moaning ..endlessly
 
Although no one seems interested, here's the resistence level drawn premarket, 1221.25. Two ticks from HOD.
S + R = Lateral channel that you can't find on a traditional chart.
 

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Quote from MarketMasher:

bwolinsky says he ran a backtest on specific rules from an old system.

But I don't understand anyone's claim that a current system (whatever form it is currently in) can't be backtested.

To say that is to basically say there is a profitable system that has rules that are not definable. If so, that would be a "faith-based" system, or like telling Luke to use the Force.

If a system has vague rules, it can't be taught, let alone learned.

Woodie's CCI used to get around that with something called "nuances" to rules. But WTF is a "nuance" except a sub-rule to a rule? The term is just used as an obfuscation technique.

Walk-forward testing is always necessary. Backtesting is necessary but not sufficient in itself. But not sufficient does not mean "useless". To say that a system can't be backtested is a cop-out and the first sign of a charlatan.
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DATA!!!!!!!!!!!!!!!

DATA!!!!!!!!!!!!!!!

DATA!!!!!!!!!!!!!!!

DID I SAY???????

DATA!!!!!!!!!!!!!!!

<iframe width="420" height="315" src="http://www.youtube.com/embed/vykD1QdhwyE" frameborder="0" allowfullscreen></iframe>

Backtest it with the only dataset that was the one he uses. It's not ES or any other futures symbol. It is only .SPX, and I'm sure thousands of people have some copy of his system, but none of them tried to figure out why if spydertrader was such a great technician why he's only known as writing jack hershey methods scripts that peeked at data....at FIDELITY, which is wealth lab. Use the right data and you'll probably get the expected result. Use the wrong data and you will fail. I guarantee without that data you will fail. You will always fail.

You don't have the right data.

That's why it doesn't work.

I hear you have:


DDDDDDDDDDDDDDDDAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAATTTTTTTTTTTTTTTTTTTTTTTTTTTTAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
 
Quote from bwolinsky:

DATA!!!!!!!!!!!!!!!

DATA!!!!!!!!!!!!!!!

DATA!!!!!!!!!!!!!!!

DID I SAY???????

DATA!!!!!!!!!!!!!!!

<iframe width="420" height="315" src="http://www.youtube.com/embed/vykD1QdhwyE" frameborder="0" allowfullscreen></iframe>

Backtest it with the only dataset that was the one he uses. It's not ES or any other futures symbol. It is only .SPX, and I'm sure thousands of people have some copy of his system, but none of them tried to figure out why if spydertrader was such a great technician why he's only known as writing jack hershey methods scripts that peeked at data....at FIDELITY, which is wealth lab. Use the right data and you'll probably get the expected result. Use the wrong data and you will fail. I guarantee without that data you will fail. You will always fail.

You don't have the right data.

That's why it doesn't work.

I hear you have:


DDDDDDDDDDDDDDDDAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAATTTTTTTTTTTTTTTTTTTTTTTTTTTTAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
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Didn't someone say the system (currently) can't be back-tested, only forward-tested?

Not sure why that would be - the rules are too vague? It only runs on instruments that are newly created and have no historical data? The Force is not strong with it?

What would be the reason?

At 3x's daily ATR and on a compounded basis, I'm thinking this system can be used pay off the National Debt! A patriot would offer it to the country and save America!! :D
 
Quote from MarketMasher:

Didn't someone say the system (currently) can't be back-tested, only forward-tested?

Not sure why that would be - the rules are too vague? It only runs on instruments that are newly created and have no historical data? The Force is not strong with it?

What would be the reason?

At 3x's daily ATR and on a compounded basis, I'm thinking this system can be used pay off the National Debt! A patriot would offer it to the country and save America!! :D
More...

No, Jack Hershey's system won't ever pay off the national debt, nor will it ever capture anywhere near that much volatility.

The only system in this country with that potential is in Celina, Ohio.

The program's in my rant, along with the datasets you need to backtest it.
 
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