Thread: Joe ross bar chart

would you please make an expert who work with mr joe ross bar chart system.

All The Best.
Ali

Originally Posted by funyoo

Welcome!

What is Mr Joe Ross bar chart system ?

Dear Funyoo,
Thanks for your useful answers,
there are all of joe Ross's trading system in mentioned link but i want you to write an EA based on ross hoke system which describe in the attaced link,

All The Best.

ALI
Library - Articles & Reprints

Originally Posted by funyoo

Ok thanks,

I have not the time to read an ebook, try to describe this system with your words. And I will see what I can do.

Dear Funyoo,
please see attached pic,there are two method which i describe them below:
1- for bearish market as you see in pic we find a high bar which named it 1,
so continue to find a bar with below properties & call it 2:
high[2]<high [lastbar ]&& low[2]<low[last bar]&& high or low next bar greater than high or low 2, then continue to find a bar with below properties & call it 3:
high[3]>high[2]&& low[3]>low[2] so we can set a sellstop with below condition:
price=low[3]-spread.
stop loss=high[1].
take profit=low[2]+spread
same of this method we can use for bullish market.

2-as you see in pic if we can 2nd bar with 2 bar condition we call it ross hook & then we sett a sell stop with below condition:
price=low[rosshook]-spread
take profit=low[rosshook]-(low[rosshook]-low[2])+spread.
stop loss=high[1].

i hope you realize this system.

All The Best.

Ali.

i'm awaiting for your answer