Another Jack Hershey success story

Trader666 · Jun 11, 2009

In ScottD's last post on ET (March, 2009) he said Cashcow 1.2, which had been certified by Jack, was not consistently profitable.

Jack claims ScottD is still working on Cashcow but I asked ScottD for an update in May and still haven't heard back.
http://www.elitetrader.com/vb/showthread.php?s=&postid=2438060#post2438060

Quote from ScottD:

Weâve made substantial progress and this seems like a good time in the project to draft a summary of where weâve been and where weâre heading.

Progress and milestones
â¢ We started the Cashcow project in earnest on December 9, 2008.
â¢ Jack and I have established rapport, clear communications, and an effective design-build process.
â¢ We have codified a powerful set of logic, and Jack has certified each major release so far (1.0, 1.1, 1.2) as accurate.
â¢ We created an ATS dashboard, which has turned out to be an efficient and effective analysis, diagnosis, and validation tool.
â¢ We publically shared the baseline logic and code. Others, even antagonists, have taken the ideas and run with them, a beautiful thing.
â¢ The âI deserveâ¦â , âfeed meâ¦â, âitâs not possible [for me]â¦â, and the âIâll take but not giveâ¦â types display their true colors and filter themselves out.
â¢ We continue to share the latest ATS with a self-selected community of contributors from around the world.

Real world testing and performance
â¢ We have been focused on deductive reasoning instead of curve fitting profits. Having said that, we did expect each release to be profitable.
â¢ Each logic release has had some profitable days and flashes of brilliance, but the logic has not been profitable over a sustained multi-week forward test or multi-month back test period.
â¢ Notwithstanding, I feel we have made truly excellent progress and we'll get there.

Looking forward
â¢ Release 1.3 is work-in-progress and includes powerful new logic, such as Hold, Major Change, and Volume Differentiation.
â¢ Release 1.4 is scoped to include MACD Sequences and Rays.
â¢ I feel it is possible to design and build a profitable ATS based on âbeginnerâ logic.
â¢ I feel there is a real advantage to designing and building a profitable âbeginnerâ release prior to incorporating greater sophistication/complexity

associated with YM or intra-bar decisions.
â¢ The ATS architecture and code remains organized, modular, clean, intuitive, flexible, easily modifiable, and easily validate-able.
â¢ We continue to deductively analyze the real world performance and make excellent additions and refinements.
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Trader666 · Jun 11, 2009

Ask Neoxx how Jack's "teachings" really worked out for him

Quote from jack hershey:

Neoxx only makes have the ATR nowadays. What he makes is unimportant; it only doubles his capital every three days.

How will you feel in 25 minutes if you have not saved this post in word? Find out don't save it; don't even think about what you just read about someone else's effort who is only doubling his money every three days by compounding capital.
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Another Jack Hershey success story

Trader666

Trader666