UT Bot - Non-Repainting DRM

8 ore fa

UT Bot Non-Repainting Strategy with Dynamic Risk Management (DRM)

Overview:
This comprehensive TradingView strategy is built upon the popular UT Bot concept, meticulously engineered to be strictly non-repainting. It offers traders a robust framework for systematic trading with highly configurable dynamic risk management (DRM) options, multiple filters, and clear visual signals.
All trading decisions, including signal generation, filter checks, stop-loss/take-profit calculations, and position sizing, are based on confirmed data from the previous closed bar ([1]), ensuring realistic backtesting results and preventing look-ahead bias.
Key Features:
Non-Repainting Core Logic:
Signals are generated based on crossovers/crossunders of the previous bar's close (close[1]) and a dynamic ATR-based trailing stop line (xATRTrailingStop), which itself is calculated using previous bar data.
Adjustable Key Value (Sensitivity) and ATR Period for the core signal.
Trade Direction Control:
Flexibility to trade "Long Only", "Short Only", or "Both" directions.
Advanced Dynamic Risk Management (DRM):
Two Styles to Choose From:
ATR Based: Stop Loss determined by an ATR multiplier, with Take Profit calculated using a Risk/Reward ratio relative to this ATR-defined stop.
Percentage Based: Stop Loss set as a fixed percentage of the entry price, with Take Profit based on a specified Risk/Reward ratio.
Risk Per Trade: Dynamically calculates position size based on a user-defined percentage of account equity to risk on each trade.
Optional Trailing Stop (Percentage Based): Includes a configurable trailing stop with parameters for activation threshold (Trailing Start %) and trailing distance (Trailing Stop %).
Comprehensive Filtering System (All Non-Repainting):
Trend Filter: Utilizes an Exponential Moving Average (EMA) to align trades with the prevailing market trend.
Volume Filter: Employs a Simple Moving Average (SMA) of volume to help confirm trades with adequate market participation.
ADX Filter: Filters trades based on trend strength using the Average Directional Index (ADX), allowing trades only when ADX is above a defined threshold.
Crucially, all filter conditions are evaluated using data from the previous bar ([1]) to maintain the strategy's non-repainting nature.
Date Range Filter:
Option to backtest and operate the strategy within specific start and end dates.
Clear Visualizations:
Plots the core xATRTrailingStop (UT Signal Line) on the chart.
Displays the Trend Filter EMA when enabled.
Provides clear "Buy" and "Sell" labels on the chart for entry signals.
Plots active Stop Loss and Take Profit levels for open positions, offering a visual guide to trade management.
Alerts:
Configurable alerts for "UT Long" and "UT Short" entry signals, compatible with TradingView's alert system for automation or notification.
How It Works (Non-Repainting Explained):
The strategy's design philosophy centers around avoiding repaint, ensuring that historical performance accurately reflects how it would have performed in real-time:
Entry Signals: Buy or Sell signals are triggered based on the close[1] (previous bar's close) crossing the xATRTrailingStop (which is also calculated using [1] data).
Filter Conditions: All filters (Trend, Volume, ADX) evaluate their conditions using data strictly from the previous, fully formed bar ([1]).
Risk & Position Size Calculation: Stop Loss distances and subsequent position sizes are determined using data available at the close of the signal-generating bar (e.g., close[1], xATR[1]).
Trade Management: Initial Stop Loss and Take Profit levels are set based on the entry price and risk parameters derived from [1] data. Trailing stop adjustments also reference previous bar data (close[1], high[1], low[1]).
This meticulous approach ensures that all calculations and decisions are made using historical, settled data, providing reliable backtest results.
How to Use:
Add the "UT Bot - Non-Repainting DRM" script to your TradingView chart.
Open the script's settings (click the ⚙️ icon).
Configure Core Logic: Adjust Key Value and ATR Period.
Set Trading Preferences: Choose Trade Direction.
Define Risk Management:
Select Risk Management Style (ATR Based or Percentage Based).
Input parameters for your chosen style (e.g., Stop Loss ATR Multiplier, Take Profit R/R Ratio, Stop Loss (%), Trailing Stop settings).
Set your desired Risk Per Trade (%) for position sizing.
Apply Filters: Enable and configure the Trend Filter, Volume Filter, and ADX Filter as needed.
Date Range: If desired, set the Start Date and End Date for backtesting.
Observe the plotted signals, signal line, and SL/TP levels on your chart.
To receive notifications or automate, create alerts in TradingView using the "UT Long" and "UT Short" alert conditions provided by the script.
Disclaimer:
Trading involves substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results. This script is provided for educational and informational purposes only and should not be considered financial advice. Always conduct your own thorough research, risk assessment, and backtesting before making any trading decisions. Use at your own risk.

8 ore fa

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