The
Multi-Time Frame (MTF) Trend Following Strategy utilizes UT Bot
Alerts and Linear Regression Candles to optimize day and swing
trading.
Strategy
Setup
Platform:
TradingView
Time
Frame: 30 minutes or higher
TradingView
Indicators
UT
Bot Alerts: Configured by QuantNomad with settings (2, 1) or (3, 1).
Linear
Regression Candles: Configured with settings (7, 11).
To
implement this strategy, display the regression candles on the chart
and hide the standard candles using TradingView’s hide function.
Trading
Rules
Trade
Direction
30
or 45-minute time frame: Follow the UT Bot signal from the 4-hour
chart. H1,
H2, H3, H4 time frames: follow the UT Bot signal from the daily
chart.
Buy
Signal
A
buy signal is triggered by the UT Bot alert.
The
candle must close above the designated white line.
Sell
Signal
A
sell signal is triggered by the UT Bot alert.
The
candle must close below the designated white line.
Exiting
a Position
Initial
Stop Loss: Set at the previous swing high or low.
Profit
Target: Minimum risk-reward ratio of 1:1.
The
Multi-Time Frame Trend Following Strategy with UT Bot Alerts and
Regression Candles provides a structured approach for both day and
swing trading. By leveraging the UT Bot Alert for trend signals and
Linear Regression Candles for precise entry and exit points, traders
can align their trades with prevailing market trends across multiple
time frames. This strategy emphasizes disciplined trade execution,
incorporating clear rules for signal confirmation, stop loss
placement, and profit targets. By adhering to these guidelines,
traders can enhance their decision-making process and potentially
improve trading outcomes on the TradingView platform.
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