ChatGPT AI Made Me A $100,000 TRADING STRATEGY
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Today, we’ll be using ChatGPT to generate a trading bot and testing out various strategies with ChatGPT and Tradingview.
Creating a trading strategy with ChatGPT seems interesting, and as a day trader, of course, I cannot miss out on these potential profits! I want to know if ChatGPT can generate the best trading strategy using $100K capital.
We’ll be covering:
1. How to use ChatGPT to create a trading bot using Pinescript code with indicators for entries and exits.
2. How to backtest the AI bot trading strategies step by step.
3. If the ChatGPT bot was profitable… or not.
4. The advantages and disadvantages of using ChatGPT as a trading bot.
I spent the whole day trying to figure out how to train the bot to give you the proper answers you want and, of course, implement the Pinescript code to create a working trading bot. Yes… I even upgraded to pay $20 a month to Open AI to create this video.
As always, ask me your questions in the comments section below, and I hope you enjoy this video!
#daytrading #chatgpt #ai #algotrading #quanttrading
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Forex Algorithmic Trading Workshop, ChatGPT AI Made Me A $100,000 TRADING STRATEGY.
Who created algo trading?
The idea of automated trading system was first introduced by Richard Donchian in 1949 when he made use of a collection of regulations to buy and sell the funds. Then, in the 1980s, the concept of rule based trading ended up being a lot more popular when popular traders like John Henry began to use such techniques.
Recommended Book for Trading Strategies
Building Algorithmic Trading Systems: A Trader’s Journey From Data Mining to Monte Carlo Simulation to Live Trading, + Website
Book by Kevin J. Davey
Develop your own trading system with practical guidance and expert advice In Building Algorithmic Trading Systems: A Trader’s Journey From Data Mining to Monte Carlo Simulation to Live Training, award-winning trader Kevin Davey shares his secrets for developing trading systems that generate triple-digit returns. read more…
Originally published: June 11, 2014
Author: Kevin J. Davey
Fundamentals of algorithmic Trading: Concepts and Instances
algorithmic trading (also called computerized trading, black-box trading, or algo-trading) utilizes a computer system program that adheres to a specified set of instructions (a formula) to position a profession. The trade, in theory, can generate earnings at a speed and also frequency that is difficult for a human trader.
The specified collections of instructions are based upon timing, price, amount, or any mathematical design. In addition to revenue chances for the investor, algo-trading makes markets more liquid and also trading extra organized by ruling out the influence of human emotions on trading tasks.
artificial intelligence Trading in Practice
Intend an investor follows these simple trade criteria:
Get 50 shares of a stock when its 50-day relocating ordinary exceeds the 200-day relocating standard. (A relocating standard is an average of previous information factors that smooths out daily cost fluctuations as well as consequently determines trends.).
Sell shares of the stock when its 50-day moving typical goes listed below the 200-day relocating standard.
Making use of these 2 simple directions, a computer program will instantly check the supply rate (as well as the moving ordinary indications) and also position the deal orders when the specified problems are satisfied. The trader no more needs to check online costs as well as graphs or placed in the orders manually. The artificial intelligence trading system does this automatically by properly identifying the trading chance.
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Disclaimer about High Risk
Please note that trading in leveraged products may include a significant level of risk as well as is not ideal for all investors. You ought to not risk greater than you are prepared to shed. Prior to making a decision to trade, please ensure you understand the risks included as well as think about your degree of experience. Look for independent suggestions if essential.