UT Bot v2 Settings Explained

To open the settings, hover over UT Bot v2 in the chart’s status line and click the Settings (gear) icon. The Inputs tab has three groups: Config, Backtesting Range, and Display.

Config

These inputs control the trailing stop calculation. See How It Works for exactly how they’re used.

Setting	Description	Default	Usage notes
Multipier	Multiplier applied to ATR to set the trailing stop distance. Higher values create wider stops and fewer trend flips. Minimum 0.1, step 0.1.	`1`	The main sensitivity control. Raise it to reduce whipsaws; lower it for earlier, more frequent signals.
ATR Period	Number of bars used to calculate ATR. Minimum 1.	`10`	Shorter periods react faster to volatility changes; longer periods give a smoother stop distance.
Source	Price used for the trailing stop calculation and the crossover check.	`close`	`close` matches the classic UT Bot. Other options: open, high, low, hl2, hlc3, hlcc4, ohlc4.

The multiplier input is labeled Multipier (sic) in TradingView. Look for that exact spelling in the settings dialog.

Backtesting Range

These inputs only affect the strategy’s simulated trades. They don’t change the trailing stop, signals, or signal alerts.

Setting	Description	Default	Usage notes
Use Backtest Date Range	Only place strategy orders between the start and end dates.	On	Turn off to backtest on all available history.
Start Date	First date strategy orders can be placed.	2020-01-01 00:00	Use to test a specific market period.
End Date	Last date strategy orders can be placed.	2030-01-01 00:00	Strategy orders, and order fill alerts, stop after this date while the range is on.

Display

Setting	Description	Default	Usage notes
Show Buy/Sell Signals	Shows the Buy and Sell labels on the chart.	On	Hiding labels doesn’t affect alerts or the strategy.
Color Bars by Trend	Colors price bars green in an uptrend and red in a downtrend.	Off	Useful for seeing the trend at a glance.
Show Trailing Stop Line	Shows the trailing stop line.	On	Colored green in an uptrend and red in a downtrend.

Colors and line styles can be changed in the Style tab.

Strategy properties

The Properties tab holds TradingView’s standard strategy settings, such as initial capital, order size, commission, and slippage. UT Bot v2 doesn’t override them, so TradingView’s defaults apply, including zero commission and slippage. Set realistic values for your market before evaluating backtest results.

Tuning tips

Start with the defaults (1 and 10), then change one setting at a time.
Adjust Multipier first. It has the biggest effect on how often the trend flips.
Tune per symbol and timeframe. ATR is in price units per bar, so a setting that suits one chart won’t necessarily suit another.
Avoid over-fitting. Settings that look perfect on one stretch of history rarely stay perfect.
Recreate alerts after changing settings. Existing alerts keep the settings they were created with.

See ATR and Signal Sensitivity for more.

Save your settings

To use your settings on every new chart, click Defaults → Save as default at the bottom of the settings dialog.

​Config

​Backtesting Range

​Display

​Strategy properties

​Tuning tips

​Save your settings

Config

Backtesting Range

Display

Strategy properties

Tuning tips

Save your settings