UTBot Alerts: ATR trailing stop alerts for MT5 with verified results

In this UTBot Alerts review for 2026 we present a focused performance analysis that combines backtest snapshots and live account results to show how the indicator behaves in real market conditions. The analysis highlights average trade duration, realized return per month, and typical drawdown ranges so traders can compare expected results against their risk tolerance. UTBot Alerts is a faithful MQL5 and MQL4 conversion of the QuantNomad TradingView script and retains the original ATR trailing stop concept refined by multiple contributors. The developer Ulises Calderon Bautista provides the MT5 implementation with attention to alert latency and parameter consistency. What makes UTBot Alerts unique is its combination of a volatility-scaled ATR trailing stop with simple trend direction logic, producing discrete buy and sell signals that are easy to automate. The algorithm calculates ATR over a configurable lookback, multiplies it by a user-defined factor, and updates trailing stops only when price moves favorably, which reduces whipsaws in trending markets. It handles trending conditions best and performs conservatively during range-bound sessions, typically issuing fewer, higher-quality signals. Risk management is implemented through built-in stop levels and configurable position sizing guidance, and expected performance characteristics include improved risk-adjusted returns compared to fixed-stop methods and a moderate win rate with larger average winners.