This is an indicator for trading low timeframes. It is generic and configurable meaning you can use it not only on crypto, but also forex, CFD, stocks etc.
HOW IT WORKS
The user chooses between three powerful base strategies: Bollinger Bands + , Divergences or the SARMA Strategy.
He can also trade support and resistance breakouts, with or without the base strategy.
Use the Alert Setup version to trigger entry and exit alerts.
You can choose between a set of trend lines that will filter trades that are against the main trend in order to increase profitability.
The integrated Trailing Stop Loss will trigger an alert to exit the trade.
You can use the Trailing Take Profit with a configurable % deviation. It will also trigger an exit alert.
SAMPLE USE CASES
XBTUSD 5m BitMEX
XBTUSD 15m BitMEX
ETHUSD 5m BitMEX
ETHUSD 15m BitMEX
USD/WTI 1m IDC ( Us Dollar/ WTI Crude OIL )
Backtest below for BITMEX:LTCZ19 in 15m timeframe.
Note: This is the Alert version. You can find the backtest version in my profile.
To get access to the indicator, use the link below, thanks for reading!
By the way the default settings are optimized for trading BTC in 15m timeframe.
/!\ You must use a resolution higher from the current one /!\
- Basic PSAR
- Volume (Chaikin Money Flow)
- Levels (Fibonacci: Long on fib 78 and 61. Short on fib 23 and 38)
- Channels (Donchian)
Allow reverse orders
Bollinguer Bands Multiplier
Doubled default commission % per order (0.1%)
Entry base indicators naming :
- Scalp = for low time frame strategies
- Swing = for high time frame strategies
ADX Sideways Filter from Higher Timeframe
Use this tool to understand how it works!
Fixed a bug where the entry reversed when it shouldn't.
Long MFI entry triggers when MFI is oversold and reversing upwards.
Short MFI entry triggers when MFi is overbought and reversing downwards.
Updated exit alerts to be used with "once per bar" and "once per bar close"
ALL TAKE PROFITS (both directions)
ALL STOP LOSSES (both directions)
- Increased max DCA orders count to 2
- DCA order step new option
Making it easier to adjust volume for the safety orders:
DCA LONG 1
DCA LONG 2
DCA SHORT 1
DCA SHORT 2
Alert n° 23: SHORT ENTRY + DCA
2nd DCA order alert now working correctly
Based on a combo of volume, momentum and candle pattern.
Default settings updated, set for XBTUSD 5m
Stuck in a trade for too long? Use this feature to trigger an exit after xx number of bars!
The Exit Timer will trigger the EXIT LONG, EXIT SHORT and ALL EXITS alerts.
The existing DCA feature has been improved.
DCA stands for Dollar Cost Average. The idea is to open additional orders from the base order in order to improve risk management.
These additional orders are also called Safety Orders. The Ultimate Trading Bot Indicator can now handle up to 9 safety orders.
The strategy will now exit either from a take profit based on percentage from base order or a percentage from total volume. Configurable in the parameters.
Note: the base order and safety orders have equal order size (volume).
Other minor changes:
The default settings have been changed to fit a margin trading strategy on the BTC/USDT Binances Futures chart in 15 minutes timeframe ( BINANCE:BTCUSDTPERP ). Backtest updated below.
The default order size is now 10% of equity.
The colors are now a bit less saturated.
Alerts n° 20, 21, 22, 23 and 24 can be used with the DCA feature.
Added 2 alerts:
- LONG DCA STOP LOSS alert
- SHORT DCA STOP LOSS alert
All other exit alerts have been updated to include the DCA stop loss. (cf. their message for more info)
- Bug fix: Number of safety orders was one off.
- Updated indicator settings visual.
- ALMA : Arnaud Legoux moving average. Offset is set to 0.85 and sigma to 6. The length is configurable.
- RMA : Moving average used in the RSI. The length is configurable.
- SWMA : Symmetrically weighted moving average with fixed length : 4.
- VWMA : Volume weighted moving average. The length is configurable.
New option to add a red background color that highlights areas where trades are filtered by the ADX filter.
Simplified Heikin Ashi option: Now both backtest and alerts MUST be used on REGULAR candles. The option allows to use Heikin Ashi candles as source for the indicators (The take profit, stop loss and dca still use real prices).
Simply check the box in the input settings to add the Top & Bottom entries, or Double Top and Bottom entries.
Configure the ignore number in the advanced parameters section of the input settings.
The entries are calculated by my Top and Bottom indicator (you can find it in my profile scripts)
The entries will be filtered by trend filters, sideways filter , volume cap etc.
-Ignore Trend filters (true by default)
-Ignore ADX filter (true by default)
Available in the Advanced parameters section.
Works well with "Allow reverse orders" option as it is a reversal indicator. Can be used with a TP since it has built-in re-entries.
Configure the ATR multiplier and lookback in the Advanced Parameters section of the indicator' settings
The scale will multiply step in percents between safety orders.
Let's assume there is a bot with safety order price deviation 1% and the scale is 2. Safety order prices would be:
It's the first order, we use deviation to place it: 0 + -1% = -1%.
Last safety order step multiplied by the scale and then added to the last order percentage. The last step was 1%, the new step will be 1% * 2 = 2%. The order will be placed: -1% + -2% = -3%.
Step: 2% * 2 = 4%. Order: -3%+ -4% =-7%.
Step: 4% * 2 = 8%. Order: -7%+ -8% =-15%.
Step: 8% * 2 = 16%. Order: -15%+ -16% =-31%.
=> Select Stop Loss Type : "Stop loss above" and turn off the Stop Loss feature.
Pick a session range and any trade outside will not trigger!
Optional, turned off by default.
Note: It seems that on some markets when turning the feature on, the weekends are filtered out.
Note 2: You can use the "show red background when trades are filtered" to see when the session is active.
Note that with adaptive trendlines the length (lookback) is automatically calculated.
They will not trigger anymore if no trade was active on entry.
- Reverse entry alert and stop loss now trigger on the same bar.
- For security, this feature will not happen more than once.
You can now use these alerts ( n°21 and n°22 ) to configure your bot.
Some input settings changed place for better understandability.
Higher/Lower Highs & Lows section
2 parameters: 1 safe and 1 risky.
MA Cross section
Ability to create signals from MA cross or price & MA cross.
When using Price & MA cross, the indicator waits from high/low to fully cross the trendline to avoid noise.
- Added EXTERNAL trendline source.
To make it work:
1. Add the External Trendline (any indicator)
2. Select the related plot in the UTB trendline external source
- Added Adaptive HULL MA.
- Added parameter "Trend Condition" to choose how the trend is calculated, between " trendline slope" and price position (above or below)
- Added an option to exit a trade when the trend reverses.
MTF TREND FILTER:
- Added MTF Adaptive HULL MA
- Added parameter "Trend Condition"
Now has a whole section, you can choose between AUTO or MANUAL threshold.
- Added a bullish/bearish candle condition
RSI FILTER (MTF)
2 threshold parameters to filter both long and short entries depending on the RSI value.
Now works on everyday of the week
GRAPHICS : The background color to show filtered areas has now 2 colors to see when long and shorts are filtered.
Info Panel: Now shows the script version.
Default settings has everything turned off, this is to show new users how to create a strategy step by step.
See the info panel in the chart above if you want a sample configuration.
- The indicator will now understand that the strategy is supposed to reverse when no SL and TP is set.
Volume Filter AUTO mode improved
Added KAMA Trendline
The reverse order on stoploss option now works with safety orders enabled.
What changed with Cyato AI version 1:
- added noiseless RSI (RSX) overbought/oversold check
- additional candle patterns
- will buy less "at the top" or "after the move"
The version 1 is still available, of course, still called "Cyato AI (Scalp)"
Cyato AI V2 seem to work well with VWMA 200 trendline and ADX filter.
- Max safety trades count limitation changed from 9 to 100.
Note: it seems the strategy tester can only handle 82 open trades though.
- Added "alert type" setting for safety trades alerts to choose from "Once per bar" or "Once per bar close".
- Removed Stop loss type setting. We will just use the regular stop loss now which makes more sense.
- Average volume take profit calculation improved.
Trailing TP (Fix):
- Behavior update when using "Once per bar" alert type. The trailing TP will now exit when it should.
Automated Strategies with Backtest and Alert Setup - Now with Binance API Bots!
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Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact cyatophilum for more information, or follow the author's instructions below.
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Warning: please read before requesting access.