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Trading The Ross Hook
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Trading The Ross Hook

  #11 (permalink)
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Blz17 View Post
I didn't think you could offset the moving average either until I found it in the settings and it's actually quite simple. Once you put the 3 period EMA on your chart under the settings for it change the "Displacement" to 3.

Just FYI, you can also enter a negative displacement (ie: -3). Not that I've found any use for it...

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  #12 (permalink)
Market Wizard
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123 and ross hook pattern

just in case someone is interested in these patterns. here's a link with some descriptions:

http://www.getfreeebooks.com/wp-content/uploads/Law_of_Charts.pdf

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  #13 (permalink)
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Here's some Ross stuff in pdf...(scroll about 3/4 of the way down)

Mastering Price Action-Joe Ross

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  #14 (permalink)
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masood chughtai View Post
I have this book. I also attended Mr. Ross,s seminar in Austin, Texas in 1993.Ross hook only works when market is trending very strongly.Most of the time it fails.Thanks
Masood

Interesting.

The method is not a secret and I'm sure it's been implemented in strategy with backtest and realtime results. If there was a statistical edge, we'd know about it.

Like many other setups, the success or failure of this lies within the individual trader and his discretionary instincts. My goal is to create an auto-strategy that removes the need for additional and subjective decision-making.

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  #15 (permalink)
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Zoe,

Which broker do you use for the auto trading?


Last edited by cunparis; December 23rd, 2009 at 05:44 PM. Reason: Removing off topic provocative comments
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  #16 (permalink)
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Zoethecus View Post
Interesting.

The method is not a secret and I'm sure it's been implemented in strategy with backtest and realtime results. If there was a statistical edge, we'd know about it.

Like many other setups, the success or failure of this lies within the individual trader and his discretionary instincts. My goal is to create an auto-strategy that removes the need for additional and subjective decision-making.

A strategy does not have to be complicated to be successful. Too often traders feel that they must over complicate something for it to work. The edge, nine times out of ten, will come from proper money management as opposed to the strategy itself.

Blz

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  #17 (permalink)
Trade with the flow
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Zoethecus View Post
The method is not a secret and I'm sure it's been implemented in strategy with backtest and realtime results. If there was a statistical edge, we'd know about it.

Obviously you haven't read the book because he specifically discusses that.

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  #18 (permalink)
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Blz17 View Post
A strategy does not have to be complicated to be successful. Too often traders feel that they must over complicate something for it to work. The edge, nine times out of ten, will come from proper money management as opposed to the strategy itself.

Blz

With all due respect, I emphatically disagree. There isn't a money management method on earth that will overcome a system that doesn't have a positive expectancy after costs.

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  #19 (permalink)
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ikew View Post
Zoe,

Which broker do you use for the auto trading?

BTW, was very disappointed to read the info re paris, but thats life.

ikew, I use NT.


Last edited by cunparis; December 23rd, 2009 at 05:44 PM. Reason: removed provocative comment
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  #20 (permalink)
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cunparis View Post
Obviously you haven't read the book because he specifically discusses that.

No, I haven't read the book.

Does he provide any evidence, data or hard proof the method has a mathematical positive expectancy, aka, an edge. If so, than this should easily be coded for auto-trade.

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