OK lol, I'll warp the space-time continuum here on ET and bite... what are the rules?
Jack has been stringing suckers along with that promise for at least six years... ever check out his posts on Usenet?
OP, this is my last post on this thread because I have better things to do than trying to convince people that the earth isn't the center of the...
I think you'd be a lot better off if you stopped pretending you know what you're talking about when you actually know that you have no clue.
You brought it up when you offered your uninformed opinion: "The problem with such a small 'edge' becomes..." I think your diaper needs to be...
Um... how will ranking past trades tell him in advance which trades will perform best in the future?
Really? Plug his stats into the simulator that ES provided a link to and tell me there's no edge. In case you can't figure out what to do, put...
You can't do decent MCS in excel unless you get an add-in with its own random number generator because the one in excel sucks. This is a huge...
Excuse me but I did give him a suggestion and a useful one at that. Perhaps you can pull the plug on your computer if you don't want your...
Drawdowns can be greatly reduced and this can easily be seen with MCS analysis. This thing has a profit factor of almost 2 BTW... if stable, I...
Then you're just as clueless about MCS as you are about your "feeling" that his system is like gambling. There's a very exploitable edge,...
Monte Carlo Simulation. I recommend you learn as much as you can about it and then run simulations varying money management parameters. This...
NO! Those quotes are pure Jack. Sometimes the truth is stranger than fiction....
Not at all. Assuming his stats are from a large enough sample, an MCS shows a definite tradable edge.
I hope he still loves us! :confused:
Jack can still be with us in spirit :D Here are my two favorite Hershey quotes on backtesting: Backtesting is not a viable means for finding...
Years! Use optimization to make sure your system parameters are in well behaved regions.
What are you talking about? Jack's already disproved backtesting with his superior logic: Backtesting is not a viable means for finding...
Depends on what you're trying to measure the edge in. For example, if you want to measure the edge of a short term entry technique you're trading...
The purpose of a trading contest would be CREDIBILITY
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