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The UT Bot Alerts Strategy - Setup 1

Broker:

Pair:

Timeframe:

COINBASE

BTC USD 

1 Hour

The Main Indicators used for this Strategy are the UT Bot Alerts and the Schaff Trend Circle. Additional Filters that can be used are the ADX Filter, the Flat Market Filter and the Volume Flow Filter.

Long Entry Rules:
When the UT Bot Alerts Indicator prints a Buy Signal and the other Indicators are confirming the Buy Signal, then the Strategy prints a Long Entry Signal at the Close of the Candle. All Strategies are printing Long and Short Entry Signal at the Close of the Candle as the Signal must be confirmed by a Candle-Close. Depending on your Settings within the Risk Management Settings in the Strategy Inputs Section, this Script will automatically enter a Long Trade and it will plot a grey Line at the Entry Price, a red Line for the Stop Loss and a green Line for the Target.


The Opposite is true for Short Signals:

When the UT Bot Alerts Indicator prints a Sell Signal and the other Indicators are confirming the Sell Signal, then the Strategy prints a Short Entry Signal at the Close of the Candle. All Strategies are printing Long and Short Entry Signal at the Close of the Candle as the Signal must be confirmed by a Candle-Close. Depending on your Settings within the Risk Management Settings in the Strategy Inputs Section, this Script will automatically enter a Short Trade and it will plot a grey Line at the Entry Price, a red Line for the Stop Loss and a green Line for the Target.

This Strategy can be used for manual Trading and also for automated Bot-Trading as there is a built-in Alerts-Function to connect the Strategy to 3 Commas.

MY STRATEGY SETTINGS

SETTINGS: PROPERTIES SECTION

Recalculate on bar close: make sure to enable this Option.

This option enables an additional calculation on bar close, allowing market orders to enter on the same tick the order is placed which increases the accuracy of the displayed Backtester Results.

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