UT Bot v5 — Strategy by SeaSide420
By version
Performance Metrics
- Author: version
- Symbol: TVC:FTMIB
- Timeframe: 2 hours
- Net P&L: +103,035.35 EUR (+100.96%)
- Win Rate: 49.0%
- Profit Factor: 1.545
- Max Drawdown: 12,542.88 EUR (11.38%)
- Total Trades: 343
- Sharpe Ratio: 0.279
Description
This is an update by request, on someone elses strategy! well more of an edit, but also update from pine v4 to pine v5.//CREDITS to HPotter for the orginal code. The guy trying to sell this as his own is a scammer lol. //Edited and converted to version=5 by SeaSide420 for PaperinaThe UT Bot v5 is Movinging average (the MA) vs ATR (the ATR is in the form intended for use as trailing stop loss (ATR_TSL))Entry logic:buy = the MA > ATR_TSL and Price > ATR_TSL sell = the MA < ATR_TSL and Price < ATR_TSL The Moving average type can be changed in the settings:options = "SMA", "EMA", "WMA", "HMA"]the edits i made were: convert to v5 Add TP and SL Add Buy only or Sell only option Add MA type option Add price source option Draw MA and ATR_TSL on-chart