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Trading The Ross Hook
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Created: by Blz17 Attachments:45

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Trading The Ross Hook

 
Trading Apprentice
san francisco, calif
 
Futures Experience: Advanced
Platform: tradestation
 
Posts: 8 since Sep 2009
Thanks: 0 given, 0 received

Testing RH was a disappointment

I have tested the ross hook via backtesting the pattern on tradestation as a strategy, and no matter what, extensive optimization does not show an edge( there are no areas on the opt curve that are robust, just spikes)

Liz Merrill

 
 
Elite Member
Las Vegas, NV
 
Futures Experience: None
Platform: NinjaTrader
Broker/Data: NinjaTrader Brokerage
Favorite Futures: CL
 
Posts: 102 since Jun 2010
Thanks: 115 given, 104 received


lizmerrill View Post
I have tested the ross hook via backtesting the pattern on tradestation as a strategy, and no matter what, extensive optimization does not show an edge( there are no areas on the opt curve that are robust, just spikes)

Liz Merrill


You need to find the right charting time frame that fits your trading personality.
The chart time frame that you used may seem like a looser for the RossHook pattern to you, but for others, it may seem very good.

Its all relative. Please remember, the RH is a pattern indicator. So the Indicator works. It plots the 123 wave pattern. That is all this it is suppose to do. Now if you are looking for this indicator to try to show where price action might go after the #3 bar, then you need to adjust your charting time frame.

once the 123 pattern plots, the indicator did what it is suppose to do, plot the pattern.

 
 
Membership Temporarily Revoked
Salvador, Brazil
 
Futures Experience: Master
Platform: Sierracharts CQG
Broker/Data: MF Global, TOS, Velocity
Favorite Futures: ZB
 
nostrabus's Avatar
 
Posts: 16 since Mar 2011
Thanks: 18 given, 9 received

Trading RH


hello

I trade Rosshooks RH with help of Traders Trick Entry TTE since about the last 8 years in different time frames.

Since I discovered range bars I use this method in the ZB on range bars. I do not understand anymore how I could trade in time based charts....

best wishes

 
 
Elite Member
London
 
Futures Experience: Beginner
Platform: MultiCharts
 
Posts: 236 since Nov 2010
Thanks: 10 given, 20 received

Is it possilbe make a trading system for multicharts by easylanguage using this techniques?

 
 
Trading Apprentice
Dallas
 
Futures Experience: Advanced
Platform: Tradestation, Ensign
Favorite Futures: ES
 
Posts: 11 since Jul 2011
Thanks: 2 given, 3 received

Can anyone point me to easylanguage code in TS for the trade trick entry...something like a paintbar study. I know it has to be out there somewhere, but cannot locate anything.

Thanks!

 
 
Elite Member
Portland Oregon, United States
 
Futures Experience: Beginner
Platform: Ninjatrader®
Broker/Data: CQG, Kinetick
Favorite Futures: Gameplay Klownbine® Trading of Globex
 
Zondor's Avatar
 
Posts: 1,331 since Jul 2009
Thanks: 1,246 given, 2,662 received

Updated version of Ross Hook 123 for NT7

I added error handling and commented out the print statements that were drastically slowing down loading while overflowing the output window and serving no useful purpose. Also added some code to take into account the ticksize of the instrument since the indicator seemed to be assuming that it was always 1. Still needs lots more work, takes way too long to load. Loads faster if the chart has a slower time frame and if the bars back setting of the dataseries is less.

If you set Calculate On Bar Close = false you are cruisin' for a bruisin'®.. DON'T EVEN THINK OF DOING THAT!

Don't ask for any technical support on this one, you are on your own. This was coded in the NT6.5 days, and shows it!

Attached Files
Register to download File Type: cs RossHook123.cs (72.9 KB, 460 views)
 
 
Elite Member
Las Vegas, NV
 
Futures Experience: None
Platform: NinjaTrader
Broker/Data: NinjaTrader Brokerage
Favorite Futures: CL
 
Posts: 102 since Jun 2010
Thanks: 115 given, 104 received


Zondor View Post
I added error handling and commented out the print statements that were drastically slowing down loading while overflowing the output window and serving no useful purpose. Also added some code to take into account the ticksize of the instrument since the indicator seemed to be assuming that it was always 1. Still needs lots more work, takes way too long to load. Loads faster if the chart has a slower time frame and if the bars back setting of the dataseries is less.

If you set Calculate On Bar Close = false you are cruisin' for a bruisin'®.. DON'T EVEN THINK OF DOING THAT!

Don't ask for any technical support on this one, you are on your own. This was coded in the NT6.5 days, and shows it!

do you have screen shots of this?
would it work on NT7?

 
 
Membership Revoked
British Columbia
 
Futures Experience: Advanced
Platform: NINJA
Broker/Data: ZEN
Favorite Futures: Crude
 
Posts: 1,091 since May 2010
Thanks: 192 given, 485 received

Does this method really require an indicator?


Zondor View Post
I added error handling and commented out the print statements that were drastically slowing down loading while overflowing the output window and serving no useful purpose. Also added some code to take into account the ticksize of the instrument since the indicator seemed to be assuming that it was always 1. Still needs lots more work, takes way too long to load. Loads faster if the chart has a slower time frame and if the bars back setting of the dataseries is less.

If you set Calculate On Bar Close = false you are cruisin' for a bruisin'®.. DON'T EVEN THINK OF DOING THAT!

Don't ask for any technical support on this one, you are on your own. This was coded in the NT6.5 days, and shows it!


 
 
Elite Member
Portland Oregon, United States
 
Futures Experience: Beginner
Platform: Ninjatrader®
Broker/Data: CQG, Kinetick
Favorite Futures: Gameplay Klownbine® Trading of Globex
 
Zondor's Avatar
 
Posts: 1,331 since Jul 2009
Thanks: 1,246 given, 2,662 received

Does using the Ross Hook really require an indicator?

Probably not. I just worked on it as a coding exercise. The changes do seem to make it run a lot better.

I don't think the one posted above is my latest version. The latest one is attached here. Use at your own risk. as no technical support will be provided.

Note that this IS for NT7. I have not used NT6.5 for a couple of years or so. Is ANYONE still using it?

Also note that the sensitivity parameter is RejectIfHeightLessThan. The smaller this value, the more sensitive, and the more Ross Hooks you will see. Originally this was in units of whole number integers so the results would vary wildly when the same setting was used for different instruments. For example a setting of 15 would correspond to 15 ticks for YM, 60 ticks for ES, and 150 ticks for TF. That's why the indicator would often fail to plot anything. It's hard to understand how the creator of this indicator, a brilliant programmer, could have made such a simple mistake.

I changed it to integral multiples of the instrument TickSize to solve that problem. .

Attached Files
Register to download File Type: cs RossHook123.cs (73.2 KB, 761 views)

Last edited by Zondor; August 14th, 2011 at 10:38 AM.
The following 15 users say Thank You to Zondor for this post:
 
 
Elite Member
Zurich, Switzerland
 
Futures Experience: Intermediate
Platform: Ninja, CTS, TOS
Favorite Futures: ES, TF, CL, NQ, GC
 
Otterly's Avatar
 
Posts: 130 since Aug 2011
Thanks: 251 given, 57 received


Exactly what I thought. Far too many relying on what the eyes can see for themselves.
syxforex View Post
Does this method really require an indicator?



Last edited by Otterly; August 22nd, 2011 at 02:15 PM.
The following user says Thank You to Otterly for this post:

 



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