Ross Hook Show 123 is a Forex Trading System designed for the short term traders. The best suited time frame for this system is 5 minute, 15 minute, and 30 minute. The Ross Hook Show 123 system is very simple and to the point trading system. Very reliable signals and the simplicity make this system stand above the other garbage forex trading system. All you need to make money out of this forex trading system is the discipline to follow rules of the market. You should train your mind in the right way. You should learn to think like a winner trader. A winner trader’s mind set is completely different than a loser’s mind set. Winner’s mind set can be developed by the practice, practice and only practice.
Well, when talking about Ross Hook Show 123 this forex trading system, this indicator consists of three technical indicators in the main chart window. When Ross Hook Show 123 is correctly installed on your trading platform, your chart should look like this:
- Moving Average
There are six Moving Averages used in this forex trading system. The moving averages are categorized into three forms, the fastest one, medium, and the slowest one. When the market generates the signal validating all these moving averages, then it’s a valid trading signal.
- Ross Hook Show Alert
The Ross Hook Show Alert can be found at the main chart window. It gives the alert to the traders.
The Trigger indicator is a custom made technical indicator. It consists of red and green histogram that fluctuates in the positive and the negative territory. When the histograms are in positive territory, it’s a buying signal while when the histograms are in the negative territory, it’s a sell signal.
Buying Conditions Using Ross Hook Show 123 System.
- Market should be above all the moving averages.
- The Trigger indicator should be in positive territory.
- Place your long position as soon as above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profit when the market falls to touch the moving averages.
Selling Conditions Using Ross Hook Show 123 System.
- Market should be below all the moving averages.
- The Trigger indicator should be in negative territory.
- Place your short position as soon as above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when the market rises to touch the moving averages.
Open demo account to test this system.
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