When you say "I adjusted it" what exactly are you doing to "adjust it"? It takes a lot more than simply turning a screw to tune an engine and I have a feeling that's all you're doing.
First of all how many miles are on your engine and what kind of pressures are you seeing when you do a compression test? About 150 psi or more? And what is your initial timing set at? Give us more information and we'll see what we can do to help you.