499# Ross Hook Show 123
Ross Hook Show 123 filtered by envelopes
Submit by Xavier Trader 21/01/2016
Ross Hook Show 123 filtered by envelopes It is a way to interpret the hook very simple and has the advantage of entering the market only in the direction of the trend.
The envelopes are build with Ema 34 low and high.
This strategy is setting only for 5 minutes and 15 minutes.
Metarader Indicators for this template.
Ross Hook Show 123, (this indicator sucks much ram your computer).
Exponential moving average 34, close, low with levels -150 and -250
Exponential moving average 34, close, low with levels 150 and 250.
Trading Rules Ross Hook Show 123 filtered by envelopes
Trading only in the direction of the trend.
The trend is up above the 34 Ema high,
the trend is down below the 34 Ema low.
Price above 34 Ema high.
The price breaks upward the level price of the green number 2 or RH .
Trigger above zero level.
Price below 34 Ema low.
The price breaks downward the level price of the green number 2 or RH.
Trigger below zero level.
When the price is into the envelopes you can use the levels as profit target and stop loss.
When the price is outside the envelopes make profit with fast profit target and place stop loss below/above the lower/higher envelope.
Apply this template only in currencies trending.
Never in markets side.
In the pictures Ross Hook Show 123 in action.