Registered: Jul 2008
10-27-11 06:48 AM
Quote from PointOne:
See Spydertrader's Iterative Refinement thread starting with Jack's post here:
I found it with Google. Those guys.
Yes mostly another person who has no idea what the results of any of the research in that thread are, but anymore as long as you're not trying to go long every 1 minute bar something in the 5 to 25 minute length of time for trades only needs a robot to submit the trailing stops, stops and targets. There aren't any of these in "Jack Hershey's System" which is available in its entirety by searching for threads related to the user Scottd, who created an unprofitable easylanguage version but since so few people really use Fidety to day trade with anyway to the fact since so few people really use Fidelity, at least if you look at number of reviews here, show that not enough has been done to release Jack's real program, which I have but seeing as how it's somewhere on ET, pointing you to the multialias Scottd will get you the Wealth Lab Pro Code you are seeking to find so that you can draw educated conclusions about its profitability, which isn't minimal or can be attributed to random chance acorrs so many thousands of 5 minute bars of .SPX which is not the data they use for S&P e-mini futures, so once you realize that it's pretty obnvious that unless you're gung ho or have some spare time on your hands to work in your wealth lab fidelity account, the chances that you are going to take a chance on such insignficant code as what Heshey's system all boils down which is nothing more than a 5 minute short term momentum play that only happens if we have traded more than 20000 contracts in the bar.
Do not expect that program to work on anything but .SPX data which seems to be a special proprietary trading symbol fidelity has for the index futures contract.
Waiting for the 14,1,3 MACD to cross above or below 50 when the SPX contract trades more than 20,0000 contracts and using that also as a less active exit signal and if memory serves me right the next exit is based on a Stochastic exit but I forgot the parameters.
Anyway, this is all that you need to know about JAck Hershey's method, and I would pay no attention at all to any of the claims made by Hershey Followers because none of them ever care to try to produce any proof and proof for me would be presenting performance simulations that add up correctly but since no one is able to do this the myth will stop after you read all of the programs I've made from Jack Hershey's method.
PS: Price Physics is a way more complete, scalable method than a piddly little system that can barely trade .SPX contracts profitably.