Built a simple strategy using ChatGPT and made $71,500 trading profit.
Cem Alyanak
Business Development Manager | Fintech | Financial Services | Driving Global Expansion and Technological Innovation
A recent study at the University of Florida demonstrated an impressive 500% increase in performance, showcasing how powerful AI can be in trading systems. Meanwhile, a separate project using a trading strategy managed by ChatGPT generated a profit of $71,000, showing the practical benefits of AI in managing financial transactions.
It all started with the famous Bollinger Bands indicator. This simple yet effective tool helps track market trends and price volatility. Why not try setting up the Bollinger Bands on TradingView using the 'Madrid' configuration to see how it works for yourself?
After selecting the indicator, its source code was modified to meet particular trade requirements. This modification meant creating a working copy of the code that had to be carefully edited and saved as detailed in accompanying visual tutorials.
Open the indicator source code
? Make a working copy for editing
? Give your copy a name.
The strategy was simple, yet very effective.
Long position: This is triggered when the price is above the upper Bollinger Band.
Short Position: Initiated when the price moves and closes below the lower Bollinger Band.
The improved and fine-tuned strategy to the latest Version 5 of the trading code is yet even more effective and efficient.
On the strategy, key fine-tuning had been done to ChatGPT. Then, existing code was put into ChatGPT, and a prompt written elaborating the changes required.
The result was then taken and put into TradingView, where it was subsequently run to chase down and capture the moving market.
Convert code to v5:
? Click on "More"
? Select "Convert code..."
? Click "Apply"
Repeat 2 times to upgrade from v3 to v5.
领英推荐
Write the strategy:
? Copy the source code
? Paste it into ChatGPT
? Input the strategy conditions
Or, just copy and paste the text I've already used.
? Copy the code snippet "Entry and exit logic"
? Go to TradingView and add it at the very end
? Click "Save"
Don't panic when you see red errors:
? Copy the error
? Paste it into ChatGPT
? Copy the corrected code and replace it in TradingView
? Repeat this process until all errors are resolved Trust me, you will finally resolve all errors.
Kick things off with a modest sum, say $1k. If it works, bet bigger. If not, try the next one.
Please note that this article is for informational purposes only and does not constitute investment advice. Also, special thanks to Rekt for their invaluable assistance in writing this article and in developing the strategy.