118# Ut Bot Alert with Regression Candles for Day and Swing Trading – TradingView -
MTF Strategy Trend Following.
Submit by Dimitri
Ut Bot alert with Regression Candles is a multi time frame trend following strategy based on two trend indicators (Ut Bot Alert and Linear Regression Candles).
Strategy Setup
Platform. TradingView
Time Frame 30 minutes or more.
TradingView Indicators
Ut Bot alerts by QuantNomad setup (2, 1) or (3, 1).
Linear Regression Candles (7, 11).
The regression candles are inserted on the chart and I hide the candles with the hide function in TradingView.
Trading Rules
Trade only in the direction of the UT Bot signal on the 4-hour chart if you trade with the time frame of 30 or 45 minutes, or in the direction of the daily signal if you trade on H1, H2, H3,
H4.
Buy
Ut bot alert buy signal.
The candle must close above the white line.
Sell
Ut bot alert sell signal.
The candle must close below the white line.
Exit position
Place initial stop loss at the previous swing high/low.
Profit target minimum ratio stop loss 1:1
Note: Alternative entrance. Arrow + 2 candles above/below of the white line.
Write a comment
Samuel (Tuesday, 25 June 2024 18:29)
Highly Effective
"I started using this strategy last week and have already seen a noticeable improvement in my trade accuracy. The indicator's signals are precise and easy to follow. Highly recommend it!"