UT Bot EA MT5
- Experts
- Version: 1.0
- Activations: 5
UT Bot EA MT5
This Expert Advisor trades the UT Bot signal (ATR trailing stop) calculated on the closed bar.
Optional SMA filter allows buys only above the SMA and sells only below.
Optional RSI filter blocks buys in overbought conditions and sells in oversold conditions.
The EA uses a forward grid (adds with the move) and recovery (averages against the move). The basket is closed as a whole.
There is no per-trade take profit. Counter-trend RSI divergence (held for a configurable number of bars) can close the basket and stop further recovery.
A separate hedge opens an adjustable number of opposing trades that are not counted in the basket.
For questions, updates, and to connect with other traders, join my official MQL5 group ForexEAandMore
Set files in my Blog
Trading involves a high risk of loss. Past performance does not guarantee future results. This is a technical tool only.
