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Hello DP,
below is the original web page with code and trade by trade results.
i just noticed that while the default value of the system code is set
to 5 - actually the test were done using an input of 40 - not 5. that
may explain to some degree the difference between results.
http://www.markbrown.com/tj/tj.htm
for the record i think tom jackson is a cheat - anyone who will spend
the time to completely research his method will understand that.
otherwise you will thoroughly understand if by nothing else than the
diminishing account balance. what tom (if there is a tom) has
mastered is the perfect balance of deception - fear greed and doubt.
DECEPTION - hypothetical results that are absolutely un-
obtainable. tom uses the posted opening - seldom if ever do many of
us have the luxury of looking back and saying HEY I WANT TO BE FILLED
HERE at this price exactly. the fact that he uses the posted opening
gives him on average a 1-4 point head start on more than 60 % of the
trades. that alone coupled with the small profit target and larger
risk allows the volatility of the sp to swing within the claimed
profit target.
FEAR GREED - tom or the brokers of tom have a real winner here
because there is an old saying in the business. don't care if the
clients make money just don't blow them out. tom's method is a
delicate balance between winning and loosing. the system's results
that tom post along with the brokers eagerness (read ignorance) and
the clients enthusiasm (read greed) and the isolation from others who
trade the system (for purposes of comparison) make tom's world almost
perfect. the next subject make it perfect.
DOUBT - with the perfect blend of isolation - unrealistic hypothetical
fills - larger risk per trade than profit target coupled with an
occasional streak of old fashioned good luck. make for DOUBT to set
in that this could not possibly be a scam (but it is). why i've made
money some say - yea well others haven't and those who have lost in
the cycle are far less vocal than the winners. thats another brilliant
piece of this well tuned scam. this bickering between the
winners/loosers creates a smoke screen to hide the truth that it
simply does not make money. it reminds me of this scheme a friend of
mine had who was going to become legend amongst stock pickers by
starting a news letter and then recommending a stock to buy for half
the subscribers and the other half he would tell sell. the myth of
his greatness would perpetuate amongst his followers and the would
draw in more newbie's as the existing crowd was burt out.
another area of doubt and isolation - is that the client will belive
that he or she is the only one not being able to obtain the same
results that tom post. thus blaming the piss poor broker service they
have received. then the brokers start blaming that the system has
changed or monkied with. looking for any avenue of escape to explain
away the reasons that they can not perform as the posted opening. the
whole thing takes quite a long time to cycle through start to finish
because of the natural winning and loosing cycles of a random event
such as this. some come in on the low and experience nothing but
upside and others attracted by this come in on the high and do nothing
but loose.
so when you combine all the possible pitfalls of this method and all
the random events that may or may not happen when you wish them to.
with the unobtainable results that tom post as a bench mark. well..
if this method was so hot and it did so well - and i owned it the
USA would now be the Republic of Brown.. nations capital relocated to
Dallas of course...
mark
D> This was originally posted last year to the Omega-List by Mark Brown. I
D> could never reproduce the results Mark obtained. Plus, as Mark mentions, it
D> is not fully tested and I'm quite sure that it does/will have many problems
D> staying profitable going forward.
--
Best regards,
Mark Brown mailto:markbrown@xxxxxxxxxxxxx
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