Here's a little background on Jack: Jack churns out demented, unsupported claims like this: http://www.elitetrader.com/vb/showthread.php?s=&postid=912447&highlight=#post912447 When in reality he LOST 24% in a trading contest and unsuccessfully tried to obfuscate his way out of it on Usenet: http://groups.google.com/group/misc...a927db8ba840?hl=en&lnk=st&q=hershey+loses+24# He also tried to BS his way out of yet more of his sinking stock picks that lost $22,000: http://groups.google.com/group/misc...d/thread/981513b3a003f259/2db2e88d1407af42?hl If you backtest his model of the price, volume relationship by buying the "0 to 7 turn" as described in "Tomorrow's Paper Today" and selling 5 days later, you'll get an equity curve like this: <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2014607> Which looks eerily like the equity curve you get when you test his "rocket" methodology: <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1112121> Kind of what you'd expect from someone who thinks stochastics is a leading indicator: http://www.elitetrader.com/vb/showthread.php?s=&postid=1302778&#post1302778 Of course Jack tries to blame the failure of his "methods" on the backtester, so listen to him crow about this trade (before it went bad) in his own words: http://www.mediafire.com/?0ielxnmeiro <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2023032> Ask Jack what happened to his promise to his former IBD group to turn $10,000 into $1 Million in 100 days and document it on ET: http://www.mediafire.com/?1gi2qygm3yh Some unfortunate newbies who get sucked in by Jack's pied piper routine start out ingratiating and actually believe Jack is giving away the "keys to the kingdom." But this one eventually came to his own conclusion that Jack is "nuts": http://www.elitetrader.com/vb/showthread.php?s=&postid=1940582#post1940582
Thanks. Try to behave. Give Jack some rope. Some of his ideas MIGHT be better than a coin toss. Or that's what the odds would indicate.
I prefer forward-testing of self-evident truths, but don't let that stop you from backtesting anything you like.
You will have to prove to yourself and others that your suggestions bring in at least 1 tic per day on average extra profit over the original method rules.
Are you suggesting I change coins?. Can you clarify your suggestion into objective practical rules that will yield objective entry, exit and sizing orders?
Can you further translate that diagram and/or all of previous Jack's posts into objective english buy, sell, size rules ready for execution in the market? Preferibly that a computer or an 8 year old would understand. I can observe that chart is of a shorter timeframe and therefore subject to a lot more commissions and slippage costs, but will cut you some rope. Thanks.