why this board isn't healthy if you trade for a living

You really are loopy, Jack. Your whole script is on et or wl4.wealth-lab.com. Everything you ever taught, right down to the formulas, with your beloved MACD and STOCH. .SPX data in wl is the reason Spydertrader could make your ideas work. And they work fine from that script.

Now, won't you actually tell us the formulas? Or continue with your bullshit? 10k to 1 mil? Not with that script, and certainly not under 1 year.
var bar : integer;

var mo1, mo2, mo3, mo4, mo5, retrace, F, count, lastlowbar, X, P, cyclelength, days, days1, days2, days3, days4, days5, RankSignal : integer;
var BarTotal, B1a, B2a, B3a, B4a, B5a, B6a, B7a, B8a, B9a, B10a, N, PV, du, du1, du2, du3, du4, du5, gain, gain1, gain2, gain3, gain4, gain5, averagegain : float;
var volpane : integer = Createpane(120, false, true);
var curVol : float = VOLUME(Barcount-1);
var preVol : float = VOLUME(Barcount-2);
var val1 : integer = 5;
var val2 : integer = 13;
var val3 : integer = 6;
var MHistMACD : integer = SubtractSeries( MACDExSeries( #Close, val1, val2 ), EMASeries( MACDExSeries( #Close, val1, val2 ), val3 ) );
var macdh : integer = MultiplySeriesValue (MHistMACD, 3);
var macdhistPane : integer = CreatePane(100, false, true);
var stochPane : integer = CreatePane(100, false, false);
var stochPane2 : integer = CreatePane(100, false, false);
var VolSDPane : integer = CreatePane(100, false, false);
var PriceSDPane : integer = CreatePane(100, false, false);
var HersheyStochK2 : integer = StochDSeries(5, 2);
var HersheyStochD2 : integer = SMASeries(HersheyStochK2, 3);
var HersheyStochK : integer = StochDSeries(14, 1);
var HersheyStochD : integer = SMASeries(HersheyStochK, 3);
var StopOffset, StopOffsetPercent : float;
var Slope: float = (Period - 1) * LinearRegSlope(BarCount - 1, #Average, Period);
var Intercept: float = LinearReg(BarCount - 1, #Average, Period);
var Width: float = 2 * StdError(BarCount - 1, #Average, Period);

{Trading Rules}
//InstallTimeBasedExit( 8 );
var symbol:string;
InstallTrailingStop(1,40);
for Bar := 5 to BarCount - 1 do
begin
//ApplyAutostops(Bar);
var SMADiff : float =(SMA( bar, #close , 20 ) - SMA( bar - 1, #close, 20 ));
var MACDday : integer = MACDExSeries( #Close, val1, val2 );

if (bar>lbar+2) and (gettime(bar)<1545) then begin
if not (lastpositionactive) and (crossovervalue(bar,HersheyStochK,50) ) and (@#Volume[bar-1]>20000) then begin
{ if (@MACDH[bar]>0) then }setprimaryseries('SSO');symbol:='SSO';buyatmarket(Bar+1,'Jacks friend scott d says to buy here');restoreprimaryseries;
end;
if not (lastpositionactive) and (crossundervalue(Bar,HersheyStochK,50)) and (@#Volume[bar-1]>20000) then begin
{ if (@MACDH[bar]<0) then }setprimaryseries('SDS');symbol:='SDS';buyatmarket(Bar+1,'Jacks friend scott d says to sellshort here');restoreprimaryseries;
end;
if (lastpositionactive) and (symbol='SSO') and (@HersheyStochK[bar]<@HersheyStochD[bar]) and (crossundervalue(Bar,HersheyStochK,80)) then begin
sellatmarket(Bar+1,LastPosition,'');
end;
if (Lastpositionactive) and (symbol='SDS') and (@HersheyStochK[bar]>@HersheyStochD[bar]) and (crossovervalue(Bar,HersheyStochK,20)) then begin
sellatmarket(Bar+1,lastposition,'');
end;
if (positionlong(lastposition)) and (abs(@HersheyStochD[bar])<1.4) then begin sellatmarket(Bar+1,LastPosition,''); end;
if (positionshort(lastposition)) and (abs(@HersheyStochD[bar])<1.4) then begin coveratmarket(Bar+1,LastPosition,''); end;

end;
if lastbar(bar) then begin
lbar:=bar;

end;
end;
StochD, STochk 14,1,3 all the proverbial variables, with a MACD 5,2,3. Anymore indicators is just ridiculous.
I'm pretty sure you can't make it more complicated than this.

It's only in your head, Jack, when this script was the best anyone could do, as Scottd admitted he could never turn it profitable, and never will. Neither will you.

Your script as I have it annualizes at 200%, and you'd be a fucking idiot to sit there and say that you do better than that. The 10k to 1 mil comment just by itself would be one thing, if we could verify how long that lasts. At present, I could only see 10k to 30k at best, and -50% at worst.

 

General, Sir. You keep stating that trading is simple and that there are no great mysteries. Please, enlighten us, what IS the secret to trading?

A grateful student...

 

Those are scripts and they are also called snippets.

For those who do not realize what these are, here is a clue.

People make use of these. They usually put them on platforms they rent or are given.

After the "putting" they are usually viewable in some form or other. Some of these items form panels that are self sufficient.

the pepe ons are kinda neat because the DOM sits next to the forming bar and to its right in the space used for the future to come into the present.

There is another aspect of trading besides monitoring the display with the additions of scripts and snippets. It centers on market timing.

As may be known timing the markets helps make money.

So what has not been posted is the details of timing the markets in a computerized way. Many persons have done this and some of them do circulate complete systems for timing. It is conventional to call them ATS's.

The Cash Cow is an ATS being put together and at one time its progress was posted in one form or another. As seen the cash cow came from a time when people used indicators to trade markets and to trade stocks and such. We further restricted the design and development to not include price scripts and snippets as part of the aggregation process.

So basically we used volume snippets and indicator snippets to form 15 elements that went into about 83 lines of analysis on excel. Excel is like A of MADA in terms of analysis. An ATS is the D and A part of MADA. The M is the display composed of six panels and their lights from the coding of the ATS.

Over and out.

Have a great weekend.

 

There's humor alright... in your ignorance and delusions of grandeur.

I used the number 1000 because I tested your broken concept on 1000 S&P stocks. The S&P 500 is only the large cap index. Didn't you know that? I recall you being confused in the past about which index a stock you were trading belonged to.

Your comments on Eckhardt are delusional, even for you. What's your documented track record other than -24% in a trading contest? Where's your fame and fortune? What's your legacy? Neoxx and nwbprop?

You still haven't said why you didn't turn $10 thousand into $1 million in 100 days and post updates on ET like you promised your former IBD group you would.

 

P.S. Oh please... I used Spyder's code for the scoring... how many times are you and your stooges going to tell this fairy tale despite me correcting you?

http://www.elitetrader.com/vb/showthread.php?s=&postid=1979868&#post1979868

 

ScottD's last update was over 2 months ago... how about having him give us the latest? Or is the cash cow really a cow patty?

http://www.elitetrader.com/vb/showthread.php?s=&postid=2438060#post2438060

 

It's a cow patty. I tested every single version in TS by a third party, and none of them work. Even out farther periods to 3 years on continuous ES data.

My version is as close to Jack's delusions of profit as it's going to get. We have about three quarters of data with an APR of 200%, and yet Jack seems to think it can be more profitable than that. I had hoped once he'd attained some viability with my version, that he might acknowledge that's as good as it gets.

He hasn't done that, and shows a real lack of understanding of what good results are. I had published that script on wealth-lab.com awhile back, and I suspect people have actually used it, because of the subsequent drop in performance after I had written the script.

By its nature it is impossible to get 3x ATR everyday, and that is total bullshit.

No amount of extra filtering could help a script improve much beyond a 200% APR. There is data that I don't use, because there isn't any discussion anywhere on its application as it relates to trading anywhere on the net. It sort of appeared one day out of the blue on wl, and people bookmarked, giving Spydertrader undue credit for having written watered down, untradeable versions that did not incorporate all of the hershey cult mantras.

 

Even on that post above you had jack "certifying" the versions. I guess they want to keep churning out different versions till one has a lucky two week backtest where they can claim capturing a large amount of the daily range that actually has no bearing on the scripts profitability, and it all comes down to the volume condition that nobody pays attention to.

Jacks volume of bar-1>20000 only works in Wealth Lab Pro. TS does not have data to support this kind of trading. Jack doesn't understand this feature, as it sounds like he had a personal relationship with Spydertrader to get his script written in the first place.

In case no one understood:

<b>Only in wealth lab pro will you be able to trade Jack's Scripts because only Wealth Lab Pro has .SPX data upon which his theories were originally based.</b>

That said, it is impossible to get good results out of any other platform because of this limitation.

 

T you've taken some real shit from incompetents on that thread. The scoring method is ineffective, and certainly not articulated anywhere. There's nothing that is going to improve these results, but, even if we just assumed for a minute that his APR was 200%, that's pretty good.

I don't know what else Jack wants, maybe to 1000000/10000-1 percentage return is what he believes, which severely discredits both his sanity and his undestanding of trading system development.

 

Mr. Hershey,

Thankyou for your reply. May i take this opportunity to let you know how illuminating i found your post.



Yours,



Dackster.