Correct, I do not know what the code is and can only go by what i'm reading since I do not use WL. However this is where I got my info from: http://www2.wealth-lab.com/WL5Wiki/(S(xac032ybyilsn155tun1qwnb))/MACD.ashx?Code=1 towards the bottom I saw this line: "Wealth-Lab's classical MACD calculation is based on 2 EMAs with exponents 0.075 and 0.15. A 26 period EMA has an exponent of 0.074074 and the 12 has 0.153846. If you want to use approximate MACD instead of the classical indicator you can use [MACDEx], a custom indicator that lets you provide 2 periods for EMA." Which lead me to believe that the classic MACD in WL uses the 26 and 12 EMAs and the MACDex indicator lets you chose the 2 EMA's used.
So you admit it, good. OK, I get it. You code but you don't (or maybe can't) trade. Now I understand. 1) Different type of trading vehicle, different price behavior, different risk/profit parameters. 2) You made too many mistakes which you publicly discussed, and you don't know the difference between the SPX and the ES. 3) Finally you don't have enough data points for a meaingful test. You're the one who doesn't "get it".
It's a special program, Frost. I vaguely remember months ago finding it in one of the discussions on the Hershey methods.
You can go to www.collective2.com/go/pairsqidqld that has the backtest I posted earlier. I've made a lot of money in the last two days, but not from this.
I'm a positions trader, and can go weeks without taking a position, but they are always based on quantitative programs. EX POST:<i>I've been with Fidelity for years, and you only get to keep WL if you trade 10 trades per month through WL or 120 trades per year in a rolling 12 month period. Therefore, you should be able to infer that I trade a lot, or at least enough to keep WL. Get it now? Don't question whether I do or do not trade.</i> ES is based on .SPX, they move in lock step with a bid/ask spread. ES is exactly SPX, just with a bid/ask spread. I've already stated that, and never claimed to have enough data. Don't put words in my mouth that require me to repeat what I've already said..
See what you can come up with then, but it does tell you it's a custom indicator, written, I think, by a Hershey follower.
Can we get a decent coder in here to test out the Jack Hershey method? Please? Anyone? P.S. Is there a point to going on with this thread? I don't believe there is.
You want to take a shot at it? I've done 99% of the work for you already. The only thing you'd have to do is open up a Fidelity account, get WLP, and plug this program up to .SPX. You haven't picked up on the capabilities of WLP, either. Instead of buyatmarket(Bar+1,'Jacks friend etc'); you can do setprimaryseries('SSO'); {this will set the primary series as SSO so that you can buy it} buyatmarket(Bar+1,'We bought SSO for a long'); restoreprimaryseries; OR for the short setprimaryseries('SDS'); buyatmarket(Bar+1,'Buying SDS is the same as shorting the index'); restoreprimaryseries; When you do this, as I use in QID and QLD systems, you watch one price series and buy or sell two different securities in the same program even though your chart may be on a completely different symbol. That's advanced, and I'm the only person I know that knows how to do it. I've not seen any other programs with that capability, but it's probably possible. Even on SPY this would get filled at nearly exact same price movement as .SPX. Don't get me started on the sizing aspect, which you're probably not aware of either. I can duplicate SPX movements, with either 1)Call or put options 2)futures 3)Options on futures if I have a big account 4) or the ETF, which could be 1x,2x,or now 3x leveraged ETFs to size accordingly depending on the level of exposure I want.
No. It still hasn't been done successfully up to and including this point. Frankly, I don't think it's worth the continued effort ... which is why I asked the question, is there any point to this thread continuing.
Hershey's "teachings" can only take money out of your pocket if you try to trade them. Any assertion to the contrary is naive at best. The PEP Fan Club means I have a sense of humor. So what? Is anyone who does a spoof "immersed" as you say?