Trading The Ross Hook - futures io
futures io



Trading The Ross Hook


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one ziebarf with 18 posts (7 thanks)
    2. looks_two Blz17 with 16 posts (15 thanks)
    3. looks_3 gabga100 with 13 posts (2 thanks)
    4. looks_4 cunparis with 12 posts (11 thanks)
      Best Posters
    1. looks_one Zondor with 18 thanks per post
    2. looks_two Big Mike with 3.8 thanks per post
    3. looks_3 Blz17 with 0.9 thanks per post
    4. looks_4 cunparis with 0.9 thanks per post
    1. trending_up 101,605 views
    2. thumb_up 131 thanks given
    3. group 44 followers
    1. forum 129 posts
    2. attach_file 44 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Trading The Ross Hook

(login for full post details)
  #101 (permalink)
 cbritton 
Atlanta, Georgia
 
Experience: Intermediate
Platform: NT
Broker: DDT
Trading: ZN, ZB
 
cbritton's Avatar
 
Posts: 224 since Mar 2010
Thanks: 152 given, 251 received

Here's a version for TradeStation: Trading Graphics

I like the simplicity of this setup and I'm considering doing the 30 day trial.

Regards,
-C

“Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.” - Sun Tzu
Reply With Quote
 
(login for full post details)
  #102 (permalink)
 marker 
Las Vegas, NV
 
Experience: None
Platform: NinjaTrader
Broker: NinjaTrader Brokerage
Trading: CL
 
Posts: 102 since Jun 2010
Thanks: 115 given, 105 received

This is what I use from IW:

1-2-3 RH

Reply With Quote
 
(login for full post details)
  #103 (permalink)
 Alan 
Sydney - Australia
 
Experience: Intermediate
Platform: Ninja Trader
Broker: Velocity Futures
Trading: ES, 6E
 
Alan's Avatar
 
Posts: 155 since Jun 2009
Thanks: 1,442 given, 144 received

Marker,

Does this indicator work well?

Reply With Quote
 
(login for full post details)
  #104 (permalink)
 marker 
Las Vegas, NV
 
Experience: None
Platform: NinjaTrader
Broker: NinjaTrader Brokerage
Trading: CL
 
Posts: 102 since Jun 2010
Thanks: 115 given, 105 received


Alan View Post
Marker,

Does this indicator work well?


It helps BIG Time in confirming my entries.....

Reply With Quote
 
(login for full post details)
  #105 (permalink)
 Alan 
Sydney - Australia
 
Experience: Intermediate
Platform: Ninja Trader
Broker: Velocity Futures
Trading: ES, 6E
 
Alan's Avatar
 
Posts: 155 since Jun 2009
Thanks: 1,442 given, 144 received

That's good to hear. I'm surprised that none of the futures.io (formerly BMT) programmers have coded this indi yet. This is a very topical thread and subject.

Good trading - and don't get too "hooked"

Reply With Quote
 
(login for full post details)
  #106 (permalink)
 Jeff Castille 
Northern California
 
Experience: Intermediate
Platform: Ninja Trader
Broker: Amp Futures/ Zen-Fire
Trading: YM and CL
 
Jeff Castille's Avatar
 
Posts: 2,119 since Jun 2009
Thanks: 1,783 given, 3,293 received


Alan View Post
That's good to hear. I'm surprised that none of the futures.io (formerly BMT) programmers have coded this indi yet. This is a very topical thread and subject.

Good trading - and don't get too "hooked"

Hey Alan,

Have you seen this indicator? It prints a 1-2-3 or ross hook about every 30 seconds.

Jeff

Follow me on Twitter Reply With Quote
 
(login for full post details)
  #107 (permalink)
 Alan 
Sydney - Australia
 
Experience: Intermediate
Platform: Ninja Trader
Broker: Velocity Futures
Trading: ES, 6E
 
Alan's Avatar
 
Posts: 155 since Jun 2009
Thanks: 1,442 given, 144 received

Hi Jeff,


No I have not seen the indicator. If it does print every 30 seconds, then this would be a nuisance to me! and more distracting than anything else.

Reply With Quote
 
(login for full post details)
  #108 (permalink)
 Jeff Castille 
Northern California
 
Experience: Intermediate
Platform: Ninja Trader
Broker: Amp Futures/ Zen-Fire
Trading: YM and CL
 
Jeff Castille's Avatar
 
Posts: 2,119 since Jun 2009
Thanks: 1,783 given, 3,293 received

Hi Marker,

Your charts prove my point..........1-2-3's and ross hooks all over the place. The way this indicator works bears no resemblance to what Joe Ross teaches. However, if it works for you and makes you money.....that is great!

Alan.........perhaps you can get Indicator Warehouse to give you a trial period to use the indicator to see if you like it.

Jeff

Follow me on Twitter Reply With Quote
 
(login for full post details)
  #109 (permalink)
 marker 
Las Vegas, NV
 
Experience: None
Platform: NinjaTrader
Broker: NinjaTrader Brokerage
Trading: CL
 
Posts: 102 since Jun 2010
Thanks: 115 given, 105 received


Jeff Castille View Post
Hi Marker,

Your charts prove my point..........1-2-3's and ross hooks all over the place. The way this indicator works bears no resemblance to what Joe Ross teaches. However, if it works for you and makes you money.....that is great!

Alan.........perhaps you can get Indicator Warehouse to give you a trail period to use the indicator to see if you like it.

Jeff


Yes all your points are valid regarding the 123's and RH...the key is how does one interprets it to be traded according to one's own trading strategy and goals.....My style is all-in and all-out. I snag a very high percentage on my first and only target after a precise entry....I go bites everyday that keeps me full day in and day out....I do not go for the home run's everyday....

There are many methods that are great. One must find one that fits their trading personality and trade it according to their own risk tolerances. Not according to what someone tells you how you should trade.

Discipline and modest targets is the key....Be humble and you shall survive and prosper in this profession....

I highjack an indicator. Meaning, I never use an indicator the way it is suppose to be used per the so called hand-book out of the box. I use it the way I want to use it.

So with the 123, I use it for a set-up for my entry signals......hope this makes sense here.....

Reply With Quote
The following user says Thank You to marker for this post:
 
(login for full post details)
  #110 (permalink)
 Jeff Castille 
Northern California
 
Experience: Intermediate
Platform: Ninja Trader
Broker: Amp Futures/ Zen-Fire
Trading: YM and CL
 
Jeff Castille's Avatar
 
Posts: 2,119 since Jun 2009
Thanks: 1,783 given, 3,293 received


marker View Post
Yes all your points are valid regarding the 123's and RH...the key is how does one interprets it to be traded according to one's own trading strategy and goals.....My style is all-in and all-out. I snag a very high percentage on my first and only target after a precise entry....I go bites everyday that keeps me full day in and day out....I do not go for the home run's everyday....

There are many methods that are great. One must find one that fits their trading personality and trade it according to their own risk tolerances. Not according to what someone tells you how you should trade.

Discipline and modest targets is the key....Be humble and you shall survive and prosper in this profession....

I highjack an indicator. Meaning, I never use an indicator the way it is suppose to be used per the so called hand-book out of the box. I use it the way I want to use it.

So with the 123, I use it for a set-up for my entry signals......hope this makes sense here.....

Thank you Marker for the clairification. I am glad that you have found a way to make this indicator work for you. My problem is that it is called a 1-2-3 Ross Hook indicator. I would encourage anyone interested in learning how to trade "real" 1-2-3's and "real" Ross Hooks......go to the education section of the futures.io (formerly BMT) forum and read ALL the articles by Joe Ross the inventor of the 1-2-3 and the Ross Hook. Additional information can also be found in the "Trading Naked" website library......or Joe's website https://www.tradingeducators.com/

Jeff

Follow me on Twitter Reply With Quote
The following 2 users say Thank You to Jeff Castille for this post:
 
(login for full post details)
  #111 (permalink)
lizmerrill
san francisco, calif
 
 
Posts: 10 since Sep 2009
Thanks: 0 given, 0 received

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

Reply With Quote
 
(login for full post details)
  #112 (permalink)
 marker 
Las Vegas, NV
 
Experience: None
Platform: NinjaTrader
Broker: NinjaTrader Brokerage
Trading: CL
 
Posts: 102 since Jun 2010
Thanks: 115 given, 105 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.

Reply With Quote
 
(login for full post details)
  #113 (permalink)
 nostrabus 
Salvador, Brazil
 
 
Posts: 16 since Mar 2011

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

Reply With Quote
 
(login for full post details)
  #114 (permalink)
 bomberone1 
London
 
Experience: Beginner
Platform: MultiCharts
 
Posts: 240 since Nov 2010
Thanks: 10 given, 23 received

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

Reply With Quote
 
(login for full post details)
  #115 (permalink)
stok
Dallas
 
 
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!

Reply With Quote
 
(login for full post details)
  #116 (permalink)
 Zondor 
Portland Oregon, United States
 
Experience: Beginner
Platform: Ninjatrader®
Broker: CQG, Kinetick
Trading: Gameplay Klownbine® Trading of Globex
 
Zondor's Avatar
 
Posts: 1,347 since Jul 2009
Thanks: 1,245 given, 2,721 received

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, 483 views)
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #117 (permalink)
 marker 
Las Vegas, NV
 
Experience: None
Platform: NinjaTrader
Broker: NinjaTrader Brokerage
Trading: CL
 
Posts: 102 since Jun 2010
Thanks: 115 given, 105 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?

Reply With Quote
 
(login for full post details)
  #118 (permalink)
 syxforex 
British Columbia
 
Experience: Advanced
Platform: NINJA
Broker: ZEN
Trading: Crude
 
Posts: 1,091 since May 2010

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!


Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #119 (permalink)
 Zondor 
Portland Oregon, United States
 
Experience: Beginner
Platform: Ninjatrader®
Broker: CQG, Kinetick
Trading: Gameplay Klownbine® Trading of Globex
 
Zondor's Avatar
 
Posts: 1,347 since Jul 2009
Thanks: 1,245 given, 2,721 received

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, 822 views)
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 15 users say Thank You to Zondor for this post:
 
(login for full post details)
  #120 (permalink)
 Otterly 
Zurich, Switzerland
 
Experience: Intermediate
Platform: Ninja, CTS, TOS
Trading: ES, TF, CL, NQ, GC
 
Otterly's Avatar
 
Posts: 131 since Aug 2011
Thanks: 251 given, 58 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?


Reply With Quote
The following user says Thank You to Otterly for this post:
 
(login for full post details)
  #121 (permalink)
 tradethetick 
Irvine, CA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Adv/TT
Trading: CL, GC, TF
 
tradethetick's Avatar
 
Posts: 416 since Oct 2011
Thanks: 42 given, 373 received

Anyone having success using the TTE with the Ross Hook? I just finished reading "Daytrading" and I thought the book was well written. It seems extremely simple...is it difficult to plot real-time?

Reply With Quote
 
(login for full post details)
  #122 (permalink)
mbleska
New York
 
 
Posts: 1 since Jun 2012
Thanks: 1 given, 0 received

hi, could you please send me a proper nt indicator rosshook123? not that cs file (that you posted in the forum) but the zip - I m somehow unable to import cs into my nt. thx.

Reply With Quote
 
(login for full post details)
  #123 (permalink)
 fourtiwinks 
Singapore
 
Experience: Beginner
 
Posts: 206 since Jun 2011
Thanks: 481 given, 201 received

@mbleska,

1. You have to save the RossHook123.cs file to: MyDocuments\NinjaTrader7\bin\Custom\Indicator. (You'll see many other files in cs format)
2. Open NT7.
3. From the Control Center, select the Tools menu--> select the Edit NinjaScript menu item--> select RossHook123. 4. Double click on it.
5. A new window will appear and you will need to right click in the window and select Compile to compile the indicator.
6. Once compiled, you can see it in the Indicators box.

Hope this helps..

Reply With Quote
The following 5 users say Thank You to fourtiwinks for this post:
 
(login for full post details)
  #124 (permalink)
 lewisgottlieb 
houston texas
 
Experience: Intermediate
Platform: tradestation, metatrader
Trading: forex
 
Posts: 1 since May 2012
Thanks: 1 given, 1 received

The ross hook is definitely a strategy for one day candles. I have used it with some success down to 4H candles. Its a good way to get a low risk entry.

Reply With Quote
The following user says Thank You to lewisgottlieb for this post:
 
(login for full post details)
  #125 (permalink)
 jrchaves 
Curitiba - Brazil
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES
 
Posts: 2 since Sep 2012
Thanks: 0 given, 0 received

Hello guys,

I just started using NinjaTrader 7 and i am really loving it.
I already installed .ZIP ninjatrader scripts, but this one available by Zondor is in the .CS format.
Could someone help me how to install it and plot it in the chart?

Best regards,

Joel

Reply With Quote
 
(login for full post details)
  #126 (permalink)
 trs3042 
Holland, Michigan
 
Experience: None
Platform: ninjatrader
Broker: CQG
Trading: Acoustic Guitar
 
trs3042's Avatar
 
Posts: 1,617 since Jun 2009
Thanks: 23,764 given, 5,615 received


jrchaves View Post
Hello guys,

I just started using NinjaTrader 7 and i am really loving it.
I already installed .ZIP ninjatrader scripts, but this one available by Zondor is in the .CS format.
Could someone help me how to install it and plot it in the chart?

Best regards,

Joel

@jrchaves

Try this.



Rick

"If you're going to panic during a trade............. panic early."
Reply With Quote
The following 3 users say Thank You to trs3042 for this post:
 
(login for full post details)
  #127 (permalink)
 hunter548 
western ny
 
Experience: Intermediate
Platform: ninjatrader
Broker: Amp Futures/CQG
Trading: 6E, ES
 
hunter548's Avatar
 
Posts: 102 since Nov 2009
Thanks: 197 given, 92 received

Here's a link to an updated .zip version where I corrected the plot color disappearing act that happened in the original version when you reload a chart.


Reply With Quote
The following 4 users say Thank You to hunter548 for this post:
 
(login for full post details)
  #128 (permalink)
 jrchaves 
Curitiba - Brazil
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES
 
Posts: 2 since Sep 2012
Thanks: 0 given, 0 received


jrchaves View Post
Hello guys,

I just started using NinjaTrader 7 and i am really loving it.
I already installed .ZIP ninjatrader scripts, but this one available by Zondor is in the .CS format.
Could someone help me how to install it and plot it in the chart?

Best regards,

Joel

Thanks very much!

Cheers

Joel

Reply With Quote
 
(login for full post details)
  #129 (permalink)
 Cachevary 
Russia,Khabarovsk
 
Experience: Beginner
Platform: NT
Trading: Gold
 
Cachevary's Avatar
 
Posts: 407 since Feb 2014

Anyone tried to add alerts to it?

Reply With Quote
 
(login for full post details)
  #130 (permalink)
gary88888888
changsha/china
 
 
Posts: 1 since Sep 2018
Thanks: 0 given, 1 received

I will try to code in TS.
anybody has a TS version?

Reply With Quote
The following user says Thank You to gary88888888 for this post:


futures io Trading Community Traders Hideout > Trading The Ross Hook


Last Updated on September 26, 2018


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing

NEW BlackBird Features + FOREX Support w/Jeremy Tang @ SharkIndicators

Elite only
 

Our 12-year anniversary w/ $$,$$$ prizes (check soon)

June
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts