Intraday UT Bot Strategy with Multi-Timeframe EMA and ADX Filters

Summary

This intraday strategy uses an ATR-based UT-style trailing level to trigger long and short entries. It filters those signals using a fast EMA and, optionally, a longer EMA on the chart timeframe, a one-minute EMA, a 15-minute EMA, ADX, and a minimum distance from the fast EMA. Entries are permitted only during a specified daily time window. The supplied settings include fixed percentage take-profit and stop-loss exits, plus an additional exit when the fast and trend EMAs cross against the position.

The strategy is presented as a five-minute bot, though the script’s behavior depends on the chart timeframe and uses separate data requests for its one-minute and 15-minute filters. It also closes all positions at the end of the allowed session. The document includes parameter defaults and code, but no backtest report, market specification, transaction-cost assumptions, or evidence supporting the promotional claim in its description. Its stated rules can be inspected, but profitability and suitability cannot be inferred from the material provided.

Key ideas

• Entries occur when price crosses the ATR-based trailing level and passes the enabled trend and strength filters.
• The filters can compare price with chart-timeframe, one-minute, and 15-minute EMAs, as well as ADX and EMA distance.
• The strategy allows entries only during a defined daily time window and closes positions at its end.
• Positions have fixed percentage profit and loss exits, with an additional EMA crossover exit.
• The document supplies strategy rules but no backtest evidence to establish performance.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.