Beyond the hype of hershey futures method journal

Awesome, thanks for the post. I'll dig into this some more. Right now I am making very good progress coding tapes and channels. It's actually not straight-forward as the channels need to be adjusted depending on how the tape moves.

RoughTrader

 

Check the attached .doc files from these two posts:

 

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1592545>

 

Index Maximus is a hackler.

I have done a search and cannot find this post by Grob109.

I wouldn't take the post seriously.

 

it's from beginner rocket.doc, second post
http://www.elitetrader.com/vb/showthread.php?threadid=69672&perpage=6&pagenumber=7

 

I apologize for the mistake.



p.s. this document is for Rocket, not SCT.

 

Thanks for all the input guys. My work doesn't move that fast though. First tapes and channels. I am making sure to spend time to make sure the code captures the correct method of construction.

RoughTrader

 

Here is a specific drill which Grob109 recommends for trading any index contract. It stays in the market continuously, i.e. SCT throughout the day and switches sides periodically.

from Jack Hershey Jun 2 2000, 3:00 am show options
Newsgroups: misc.invest.technical
From: "Jack Hershey"
Date: 2000/06/02
Subject: 30 minute warmup bar trading.

Fundamental Money Making Concepts.

I use simple mechanical systems to get people to understand the basic
concept of making money steadily and with little or no risk.

When you trade daily for 6 1/2 hours a key thing to consider is not doing
too much to make some money.

By choosing a futures index of any sort on any exchange in the world, you
have put yourself, for 6 1/2 hours a day in a place that is truly dull and
unexciting. Being there is fairly safe and not too demanding so you can
relax and repeat a few tasks over and over to make some money.

I work first with 30 minute bars to frankly eliminate any sense of urgency.
I use the prior days last bar to get the ball rolling, or I suggest you wait
until the second begins to eliminate the end effects of the market.

Here is a progression of four mechanical methods to illustrate making money
primarily and secondarily to illustrate that losses are neatly reduced more
and more as a little sophistication enters the picture. I also introduce
how in a trend you can switch to the most favorable side of the channel to
exit. Because this is very simple and mechanical there is no need to
clutter it with a stop system as yet mostly because it an index tied to the
performance of and aggregation of stocks. We can tuck stops in easily
though as a commitment to our ordinary discipline.

The four items in the progression are:

1. break out of prior bar.
2. slope pairs of bars.
3. overlapped pairs slopes
4. retracement.

Here is the progression:

1. set up a 30 bar display for a futures index.
2. enter on the breakout beyond (above or below) the prior days last bar
hi/lo.
3. hold until the current bar breaks out of the other end (from your long or
short entry) of the prior bar.
4. hold on inside bars.
5. hold on successive bar break outs in the same trend.
6. on breakout of 3., reverse so you can take on new trend trade.
7. repeat 3. through 6. for remaining bars of the day.
8. settle at end of day.

RoughTrader you could probably code this one up in about 5 minutes on Tradestation.

 

Yes, it's quite easy using stop orders. I doubt it would be profitable though. I'll code it quick and post the results.

RoughTrader