What is the Ultimate Trading Bot? How does it work? How to automate your trading? We are going to answer all these questions in this introduction post.
The UTB is a TradingView indicator which allows to create and use an infinite number of strategies.
It comes with two versions:
To configure the strategy, the user has access to a configuration panel with a set of features such as a trend detector, a sideways filter, a stop loss and take profit system, etc. The configuration panel is explained in detail on the indicator description page.
In order to use the Ultimate Trading Bot, you must have a TradingView account and be subscribed to the Cyatophilum Indicators. You can subscribe here.
If you trade manually, then the free plan can be enough. If you want to run multiple alerts, then a pro plan or higher is needed. Finally, if you want to backtest on a large amount of data, then a premium plan is much more effective. You can get a plan with this link.
Once you subscribe to the Cyatophilum Indicators, you will receive a notification.
This means I have granted you access to the indicator. From this point you can add it on your chart. For this, once you are on the chart page, click on the indicators tab from the top menu. A popup will appear, and you will find the indicator in the Invite Only tab. Simply click on the indicator's name to add it to your chart.
From this point you should now see the indicator's graphics. If you do not, try zooming out a little until you see a trade. In this example, we are on the Ethereum / ThetherUS chart of Binance in 5 minutes time frame.
You can now configure the indicator. For this, open the indicator's settings.
The next step, creating alerts will be explained in another post, or you can watch the video tutorials.
Written by Cyato - 2020-01-09