OPEN-SOURCE SCRIPT
UT Bot Strategy with T/P and S/L and Trend EMA
Updated
After extensive testing and leveraging the capabilities of "Deep AI," I have meticulously developed this trading strategy. It incorporates the UT Bot alongside a 50 EMA trend line, specifically optimized for scalping on the 1-minute timeframe.
I encourage you to test it out and explore its potential.
Feel free to tweak any part of this to better match your style!
I encourage you to test it out and explore its potential.
Feel free to tweak any part of this to better match your style!
Release Notes
Trading Strategy Overview: UT Bot & 50 EMA for Scalping (1-Minute Timeframe)After extensive testing and utilizing the capabilities of "Deep AI," I have meticulously developed a trading strategy that pairs the UT Bot with a 50 EMA trend line, specifically optimized for scalping on the 1-minute timeframe.
Version 2 Update:
Stop Loss Added: Implemented to manage risk more effectively.
Two Take Profit Levels: Allows for a more flexible exit strategy.
Streamlined Approach: Removed unnecessary components for a cleaner execution.
I encourage you to test this strategy in a demo account to explore its potential, and please share your experiences, feedback, or any modifications you've made to personalize it further!
Feel free to adjust any part of this strategy to better align with your trading style!
Further Suggestions:
1- Provide Clear Entry/Exit Criteria: Consider specifying the conditions under which you enter and exit trades, including how you determine the stop loss and take profit levels.
2- Risk Management Guidelines: Offer insights on how much capital to risk per trade.
3- Backtesting Results: If you have any backtesting or live trading results, sharing those could enhance credibility and provide context for potential users.
4- Community Engagement: Encourage readers to discuss their experiences in a forum or a dedicated chat group, fostering a community around your strategy.
5- Documentation: Consider creating a simple PDF or document that outlines the strategy in detail, including charts or examples to illustrate its application.
Best of luck with sharing your strategy, and I hope it garners valuable feedback from others in the trading community!
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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Disclaimer
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