Ross Hook Indicator Alert for NinjaTrader

Posted in Ninja Trader, Ninja-Trader, NinjaTrader Indicator, NinjaTrader Indicator Warehouse. Written by Adam Halpern on March 29th, 2011

Day Trading video on the Ross Hook Indicator Alert for NinjaTrader.

• The Ross Hook is the bar on the chart at the point where prices peaked. The trading method states that you will buy a breakout of the high point in up-trending markets and sell a breakout of the lowest point in down-trending markets.
• An attractive feature to Ross Hooks is that you are trading with the trend. This strategy may be prone to false breakouts, but the market still tends to have a decent pop on false breakouts.
• Ross recommends trading multiple contracts and taking profits at different levels. This way, you can hopefully cover your costs at the first level, lock in a profit on your second level and set yourself up for capturing a big run on the third level. Ross mentions that about 2 out of every 10 of the Ross Hook trades results in a big move.

Written by: Adam Halpern on 03/29/2011.
Last revised by: Adam Halpern on 08/23/2011.