JACK HERSHEY METHOD EXPOSED AS FRAUD! *Debated*

PEP/T666: Back and forth so fast? Or did Hershey's koolaid give you permanent brain damage?

 

Don't get it. No one ever knew the program, yet we'd go for years without seeing it coded correctly.... this part is where Jack never actually explained anything.

<i>Anyone who wants to vote this as Thread of the Year on ET I guess should contact mods for it to be on the ballot.</i>

 

Yeah, it's a SPOOF of how I see you pathetic koolaid drinking cultists... kinda like what Hypo does (but I'm not nearly as sarticulate). So what?

 

Index Maximus is 100% correct with this post.

Believe it or not, trading systems have been built on the successful backtests of the SPX, which when ported over to the ES met with absolute failure.

To the misfortune of the traders who put their money into it.

 

What's more likely is that you're either a shill or a naive moron.

 

LMAO ... we still don't have proof that it has been coded correctly.

 

You're incorrect. And, with the way it is, can only be done in WL. This would be a simple matter of charting SPX and changing the order to buy or short either ES, SPY, SSO, or SDS. They'll track very close.

 

The backtest suggests it was coded correctly.

 

Hey PEP Fan Club

I suggest you bet against the "more likely" scenarios you've conjured up in your head.

 

You may be right, and, it doesn't look like I posted the complete program either.

At the very top is a study $I reference to a program with a very specific function. To calculate Hershey's Stoch K and Stoch D indicators. This means no one but a WL programmer could see it because it would have to be on the computer.

I'll have to go back when I get off work to find the MACDEx code, and this also would explain why ScottD's program doesn't work.

Incidentally, this is why people need to see development in progress. Most any indicator is already out there and used most likely in the combination you already know. You then mold it yourself to make it work.

Damnit anyway....I couldn't find the MACDex indicator but I'm betting it's a couple things:

1) Hershey discusses a smoothing method from day to day to "normalize" both the MACD and StochK. They started discussing this in the later parts of the thread, I think, in a lame attempt to explain to ScottD what's missing.

2)The MACDex is a very special indicator due to its smoothing and whatever else might be going into it.