Spydertrader's Jack Hershey Equities Journal II

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The original Hershey methodology vs the Bruno trades have very similar returns for TIE ( assuming our scripts are working ).

Eventually I will get around to backtesting the Bruno method but for now I am trying to bear down on the original methods and some of the modifications laid out in your journal.

For example I am collecting data on:

1) Entry/Exit as explained at the end of original journal VS DULow by 10:30 and DUAvg by 11:30

2) Modify DU definition to include all DU plus subsequent days
that volume does not exceed FRV

3) A combination of 2 & 3

BTW: The stats in my very first post was for 2.
 
Quote from 8833broc:

The original Hershey methodology vs the Bruno trades have very similar returns for TIE ( assuming our scripts are working ).

Eventually I will get around to backtesting the Bruno method but for now I am trying to bear down on the original methods and some of the modifications laid out in your journal.

For example I am collecting data on:

1) Entry/Exit as explained at the end of original journal VS DULow by 10:30 and DUAvg by 11:30

2) Modify DU definition to include all DU plus subsequent days
that volume does not exceed FRV

3) A combination of 2 & 3

BTW: The stats in my very first post was for 2.
More...

Just curiosity, which software are you using for your backtest? WLD or AB?
 
I am using WLD ( the full version ) and Fidelity free data feed. I am in the process of testing and comparing the results using QCharts as my data feed.
 
Quote from 8833broc:

The original Hershey methodology vs the Bruno trades have very similar returns for TIE ( assuming our scripts are working ).

Eventually I will get around to backtesting the Bruno method but for now I am trying to bear down on the original methods and some of the modifications laid out in your journal.

For example I am collecting data on:

1) Entry/Exit as explained at the end of original journal VS DULow by 10:30 and DUAvg by 11:30

2) Modify DU definition to include all DU plus subsequent days
that volume does not exceed FRV

3) A combination of 2 & 3

BTW: The stats in my very first post was for 2.
More...

bloc - can you please expand on your thoughts on # 1? I'm currently using DULow by 11:30am and FRV by EOD as criteria...
 
I have been going through all the signals received last Thursday and I was wondering what kind of ' criteria ' if any, you are using before entering the trade - or, what do you look for to enter once DU has been reached?

- none, just enter
- 5/30 mins patterns?
- Candlestick formations?
- Channels?

Thank you.
 
can you please expand on your thoughts on # 1? I'm currently using DULow by 11:30am and FRV by EOD as criteria...


The one u listed is the original criteria and somewhere I came up with the idea to add the following:

here is a slight modification: DULow by 10:30 and DUAvg by 11:30am and FRV by EOD as criteria AND if DUAvg not hit by 11:30 Exit position.


My best guess to the rational of this is to do a crude approximation to determine if FRV is going to be reached before EOD.
 
Quote from 8833broc:

here is a slight modification: DULow by 10:30 and DUAvg by 11:30am and FRV by EOD as criteria AND if DUAvg not hit by 11:30 Exit position.
More...

I use LBDU by 10:30 AM

I also hold overnight on no FRV, but sell the next morning. I think mlsignups posted his system showed superior results selling the next morning when no FRV reached by the end of previous day. It made sense to me so I went with it.

- Spydertrader
 
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