Wow so many replies here more info im currently trading with several automated systems ive coded in the last 3 years or so, some are ''scalpers'', some are trend following, some are trend fading, etc. the parts of the sct system ive coded are only the volume gaussian indicator and the channels. to automatically draw channels correctly you need to code a automatic price high and low detector, which isnt too hard. then you are able to draw channels. i still have some bugs to work out, but its definitly looking good. even better, my thing is fully backtestable. you run a replay with tic data, i have accumulated several years of tic data over time on ES, NQ, ER (now TF), YM, MC, and other futures. i just load up a replay chart, load the bot, and replay the years of data, and you get the results. the way it works is like this. imagine from a price low, we have a couple of up bars, then we have a retracement, making up a high in price. then when the price resumes its upmove (if it does) it will create a new price low as soon as the high of the previous bar is broken (thats the confirmation of the low). when we have this 1-2-3 formation, my bot immediately draws the channel (it traces a trendline between the 2 lows mentionned before, and it extends it to the high), if the volume gaussian indicator confirms the direction (rising black volume on the upmove, decreasing red on the retracement), it takes the long entry as soon as the low is formed, with the channel lines as tgt and stop. the tgt and stop moves on every new bar to follow the channel. thats all it does. and it works seriously great. its very simple. i honestly didn't really care for the rest like those obscure definitions of FTT FBO LATERAL etc etc. maybe they are ''finer tools'', but i don't care for them really as i believe they are misleading because they are not taking into account the normal ''noise'' of the market, and they will lead to things like premature exit, false reversals, etc. I learned the hard way the simplest method is always the best. of course it looks even better in hindsight, like any other system. but the way i do it allows for real time everything. and yes i do get fakeouts and losing trades and i don't get 300% intraday range results, but its still well above anything else i've worked on or seen anywhere else. for those saying i am a ''SCT superstar'' now and few months ago i was looking for ''info'' on the method, i was actually looking for the code to draw gaussian lines, and i obtained it by decompiling PEPE jh indicators for ninja trader. sorry PEPE i had to reverse engineer your indicators without permission but i tried to contact you and you never replied, so i shamelessly did it. best trading to you all.
LOL You are refreshingly honest and candid in your post, as well as pretty smart in solving the problem of "how to define a trend" by a channel drawing algorithm, I use price recursion, but hey, it's all the same thing with different words used to define the same price action phenomena. Good luck with your trading, you'll obviously do well. If for the simple fact that you're willing to do the unthinkable and steal some else's code without their permission ... now those are the instincts of a trader.
i have to be honest jack, i have NO CLUE what you are talking about when you write. you are either a very intelligent or very stoned person. either way i love you and thanks for everything.
Thank you Jack ... that is a high compliment coming from you. There is no way in hell you can seamlessly trade MODE and D (as described by romAnus) and not factor probability into your trading paradigm. I'm very upset that you missed your true calling in life, good science fiction writers are few and far between, and a master of the genre is revered for generations to come. Hey, it's not too late.
Lol ⦠I donât think bringing up âChiâ and âQIâ are good terms to bring up when discussing trading prowess. As pointed out by me several days agoâ¦. The âChiâ that is so effective in practice, falls far short in actual combat. Not unlike paper trading and trading real money. Iâll post the clip again Master Jack, first half shows a Kai master toying around with his studentsâ¦. Taking several on at once. The second half shows that same Grandmaster in a real fight with a single MMA opponent. Note that this Master of Chi was claiming a 200-0 fight record, and that he could beat any MMA fighter in the world! http://www.youtube.com/watch?v=polQLQNl3G4 Did you like that clipâ¦.. Heres another one, this one is rare footage of a Qigong Grand Master ⦠heâs a lot like youâ¦.. Because every morning out in the park in fresh air, he teaches his students for free. But not just anyone can join, he will tell any prospect thatâs looking to join, to come out to the park bright and early every day for 3 years straight, just to see if theyâre really serious about learning. Here is that Grand Master demonstrating his Chi powersâ¦. http://www.youtube.com/watch?v=oGaWhP4lbys&feature=related Who knew martial arts and trading were so much alike?
lol.... this is rich, imagination fueled by hallucinations CNBC ... hahaha hee hee .... good one! errr...... did this really happen?
Jack is offering a tremendous gift, in plain sight, and for all to partake of freely. He is making an unconditional offering that has the capacity to transform lives. Think about that for a moment. There is no obligation on his part. The explanations are lucid, the prose compelling, the intention benevolent. Any deficiencies in understanding are for the student to address. Nothing worthwhile in life is achieved without effort.
how many different names and negative posts by this turd in a jack hershey discussion and btw,how many times does sybil include posts of her p/l when mentioning her dis approval of jacks 1950 trading contest,another lonely weekend for sybil