UT Bot Trend Following with a Higher-Timeframe EMA and Staged Exits
Summary
This strategy uses UT Bot ATR trailing levels and a 21-period EMA for entry signals, filtered by the direction of a 50-period EMA from a five-minute chart. It is described as trading primarily on a one-minute chart, with Heikin Ashi prices optionally used to generate signals. Long and short trades are supported, with configurable direction. The stated exit plan takes partial profits at 0.5% and 1%, closing half the position at each level, and places a stop using either a percentage or ATR-based distance.
The document provides a BTC/USDT futures backtest configuration spanning several years on daily bars, but no performance statistics or results. Its explanation calls the stops dynamic and ATR-based, while the supplied settings allow percentage stops by default; the implementation details also warrant review before relying on them. The document flags spread and commission costs, false signals in sideways markets, missed entries from multiple filters, and the need to tune ATR parameters for each market.
Key ideas
- The strategy uses UT Bot trailing levels and a 21-period EMA crossover to generate entries.
- A five-minute 50-period EMA filters trades by the broader direction.
- Heikin Ashi prices can be selected as the signal source.
- Two partial profit targets are set at 0.5% and 1%, with configurable position fractions.
- Short timeframes can amplify costs and whipsaw risk, and the published backtest settings include no reported results.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.