Ross Hooks and the law of charts look very mechanical and simplistic(if not primitive) tools. Therefore, it should be fairly easy to test automatically? And automaticall I tested them. Backtesting results were not encouraging. Looks more like ...hm... randomly profitable. Perhaps, somebody modified it in a profitable way. But then - why do you need Ross? Take any random signal/indicator and modify it in a way to make profitable.
Dear Egro,
You have tested them automatically. I suggest you to backtest them manually. Computer generated backtesting results should not be trusted in any method/strategy/signal. It gives you an idea but you have to study the whole chart to produce a solid conclusion.
Fakhar
Last edited: