The Ross Hook Trading Pattern indicator for MT4 identifies the Ross Hook trading pattern automatically for you on any Forex chart.
It’s a famous trading pattern that does not lag behind price action.
In essence, the Ross Hook price action pattern forms after the 123 trading pattern.
So, this indicator identifies both trading patterns and plots the Ross Hook pattern on the chart once it becomes valid.
After you have downloaded and installed the indicator on the MT4 trading platform, it should look like the image shown below.
Key Points
- Identifies the Ross Hook trading pattern.
- Pure price action indicator.
- Does not lag the price.
- Easy to use.
- Well worth adding to your indicator collection
This indicator can work together with any existing trading strategy or system as a price action trading pattern confirmation technical tool.
Free Download
Download the “Ross Hook Trading Pattern.ex4” MT4 indicator
Indicator Example Chart
The EUR/USD 1-hour chart below shows the Ross Hook Trading Pattern Forex indicator in action.
Basic Trading Signals From This Tool
Signals from the Ross Hook Trading Pattern indicator for Metatrader 4 are easy to interpret and go as follows:
BUY:
- A buy signal is given when the blue “Rh” bullish Ross Hook pattern gets displayed on the chart.
- Place your stop loss below support.
- Use your own preferred take-profit method for buy trades.
SELL:
- A sell signal is given when the red “Rh” bearish Ross Hook pattern gets displayed on the chart.
- Place your stop loss above previous resistance.
- Use your preferred take-profit strategy for sell trades.
Download Now
Download the “Ross Hook Trading Pattern.ex4” MT4 indicator
Ross Hook + XHMaster Formula Trading Strategy For Metatrader 4
This powerful strategy combines the precision of the Ross Hook Pattern Indicator with the trend confirmation strength of the XHMaster Formula Indicator.
When used together, they help identify high-probability entry points and avoid false signals in ranging markets.
Strategy Overview
- Indicator 1: Ross Hook Trading Pattern (Entry signal)
- Indicator 2: XHMaster Formula (Trend confirmation)
- Timeframes: 15M, 30M, or 1H
- Pairs: EURUSD, GBPUSD, USDJPY, and major forex pairs
Buy Entry Rules
- A valid Ross Hook pattern appears (typically after a 1-2-3 breakout).
- The XHMaster Formula Indicator turns blue (bullish trend).
- Enter on the next candle close above the hook.
- Place the Stop Loss below the recent swing low.
- Set Take Profit at 2x the Stop Loss or trail the stop as the trend develops.
Sell Entry Rules
- A valid Ross Hook short pattern appears after a downward 1-2-3 formation.
- The XHMaster Formula Indicator turns red (bearish trend).
- Enter on the next candle close below the hook point.
- Place the Stop Loss above the recent swing high.
- Set Take Profit at 2x the Stop Loss or use trailing stop-loss for extended moves.
Why This Strategy Works
The Ross Hook gives early entry signals near the start of a new trend, while the XHMaster Formula filters out choppy or sideways markets.
This combination increases the probability of catching strong directional moves and improves the overall win rate.
Adjustable Indicator Parameters & Settings
Colors, maximal bars, show Ross hooks, show band breaks, band period, adjust point, pop-up alerts, email alerts, push alerts
Feel free to explore the indicator’s different parameters and settings to create your personalized indicator setup.
More Info About This Indicator
Currency Pairs: works on any currency pair
Trading Platform: developed for Metatrader 4 (MT4)
Time Frames: works on any time frame
Indicator Type: price pattern
Final Thoughts
The Ross Hook Trading Pattern Indicator for MetaTrader 4 is a specialized tool designed to identify the Ross Hook pattern, a price action setup that signals the end of a retracement and the resumption of the prevailing trend.
This indicator automatically detects and marks these patterns on your chart, providing clear visual cues for potential trade entries.
When combined with the XHMaster Formula Indicator, which filters out choppy or sideways markets, traders can increase the probability of catching strong directional moves and improve the overall win rate.
The indicator is particularly effective on timeframes such as M15, M30, and H1, and works well with major currency pairs like EUR/USD, GBP/USD, and USD/JPY.
For optimal performance, consider using the Ross Hook Trading Pattern Indicator in conjunction with other trend-following tools to confirm signals and enhance trading decisions.
As with any trading tool, it’s advisable to test the indicator on a demo account to understand its behavior and adjust settings to suit your specific trading strategy.
