An extremely accurate and simple trading indicator called UT Bot can directly tell users when to buy and sell with up to 95% win rate when used with custom settings and an additional indicator. It is recommended to use this strategy on time frames of five minutes or higher. The added Momentum Oscillator called STC can confirm entry signals. The rule is to only take Buy trades when the STC line is below the Green line and moving upward, and only take Sell trades when the STC line is above the Red line and moving downwards. Users must set a stop loss below the low for Buy trades and above the high for Sell trades, while take profit should be twice the stop loss.

The Most Accurate Indicator You Should Ban from Trading

Introduction

As a trader, you probably spend countless hours trying to analyze charts and identify potential trade setups. But what if we told you that there is an indicator that is so accurate that it should be completely banned? In this article, we will introduce you to the UT Bot indicator and explain how it can help you improve your trading results.

What is the UT Bot Indicator?

The UT Bot indicator is a technical analysis tool that helps traders identify potential buy and sell signals. With an 80% win rate when used alone, this indicator is incredibly accurate and simple to use. By setting the key value to 2 and the ATR period to 1 for the buy signal and 300 for the sell signal, you can see when the price is moving up or down through the indicator.

Why You Should Use the UT Bot Indicator

Using the UT Bot indicator can significantly improve your trading results. With its high accuracy, you can feel confident knowing when to enter a trade and when to exit. The simple layout of the indicator makes it easy for traders of all levels to understand and put into practice immediately.

How to Increase the Win Rate of the UT Bot Indicator

Although the UT Bot indicator is already incredibly accurate, you can further increase its win rate by adding the Momentum Oscillator called STC. By using custom settings of length 80 and fast length 27, you can confirm your entry.

The Rule for Entering Trades

The simple rule for entering trades using both indicators is to wait for a buy signal and check if the STC line is below the green line and moving upwards. Only then should a buy trade be taken. Similarly, after a sell signal, check if the STC line is above the red line and moving downwards before entering a sell trade.

Stop Loss and Take Profit

Finally, make sure to set your stop loss below the low for buy trades and above the high for sell trades. Take profit should be set at twice the stop loss level for both buy and sell trades.

Conclusion

In conclusion, the UT Bot indicator is an incredibly accurate tool that any trader can use to improve their trading results. By adding the STC oscillator and following the simple rule of when to enter trades and the appropriate stop loss and take profit levels, traders can see a significant improvement in their win rate. Give it a try and see how it works for you.