Learn about a powerful buy sell trading view indicator called UT Bot and how to use it with the 200 EMA trend filter indicator for profitable trades. Backtesting was done with Trader Edge, a more efficient backtesting app, and results showed a 58% win rate with a risk to reward ratio of 1:2. Join the creator’s free trading signals Telegram channel for more information.

The Power of the UT Bot Indicator: A Trading Strategy Guide

Introduction

Trading strategies are essential in making informed decisions when trading in the financial market. In this video, we will discuss one of the most powerful buy-sell trading view indicators, the UT Bot Indicator.

Placing the UT Bot and 200 EMA Indicators

Before delving into how to use the UT Bot Indicator, it’s essential to know how to place it. This video demonstrates how to place the UT Bot Indicator and the 200 exponential moving average (EMA) that functions as a trend filter on the xau usd or gold chart with a one-hour time frame.

Using the UT Bot and 200 EMA Indicators

The UT Bot Indicator is straightforward to use. A buy entry occurs when a green candle and buy label appear on the trading chart, while a sell entry occurs when a red candle and a sell label appear on the trading chart. However, it is essential to have the 200 EMA Indicator acting as a trend filter. This means making a buy entry when the green candle and buy label appear, and the price position is above the 200 ml line. While a sell entry requires a red candle and a sell label to appear and the price position to be below the 200 ml line.

Reading Trading Signals with UT Bot and 200 EMA Indicators

To make it more comfortable to understand, this video gives examples of buy entry rules, buy exit rules, sell entry rules, and sell exit rules. A buy entry rule occurs when a green candle and buy label appear, and the current price position is above the 200 ml line. For a sell entry rule, it occurs when a red candle and a sell label appear, and the current price position is below the 200 ml line.

Back Testing with Trader Edge Application

Trader Edge app offers backtesting services that allow traders to record and test their strategies. Even though the UT Bot Indicator has a win rate of 58%, using a risk-to-reward ratio of one to two can still make profits, with a maximum profit streak of 12 times.

Conclusion

The UT Bot Indicator is an effective tool to help make informed decisions in the financial market. Placing it with the 200 EMA Indicator can increase the win rate of trades. With backtesting, traders can check the effectiveness of their trading strategies with applications such as Trader Edge app.