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ChatGPT AI Made Me A $100,000 TRADING STRATEGY
This is an AI-generated summary of a YouTube video "ChatGPT AI Made Me A $100,000 TRADING STRATEGY" by Humbled Trader!

Chat GPT is an AI bot that can code in Tradingview's Pine Script language to create custom scripts and strategies to maximize profits.

  • πŸ€–
    00:00
    Chat GPT is an AI bot that can code in Tradingview's Pine Script language to create custom scripts and strategies.
    • Chat GPT is an AI bot by Open AI that can generate trading strategies and bots to trade with 100,000 capital and be tested for profitability.
    • Tradingview and TD Thinkorswim are two platforms used to create custom codes, strategies, and scripts to help with trading, and Tradingview is the favorite.
    • Chat GPT is an AI that can code in Trading View's proprietary language, Pine Script, to create custom scripts and strategies.
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    03:58
    Create a trading strategy using the V-WAP indicator on the daily chart of Tesla to buy when the price crosses below.
    • We are using the V-WAP indicator on the daily chart of Tesla to create a trading strategy.
    • Create a strategy in Pine script to buy when the price crosses below v-wap.
    • Using the V web indicator, you can see the charts on the charts here.
  • πŸ€‘
    07:11
    Gbt made a net profit of 384 dollars after 300 trades with a 28% win rate and 1.77 profit factor.
    • Gbt created entries and exits when the stock crossed below and above V web, creating a strategy that bought and shorted the stock.
    • The bot made a net profit of 384 dollars after 300 trades with a win rate of 28% and a profit factor of 1.77.
  • πŸ€‘
    09:35
    Modified script sells long position when value has increased 3%, resulting in a 49% win rate and net profits of 121 dollars.
  • πŸ€”
    11:11
    Software engineer brother unable to fix coding error, so strategy needs to be modified to increase profitability and reduce Max drawdown.
    • The bot removed all short positions and replaced them with buy orders, which is not what was intended.
    • Modify the strategy to increase profitability and reduce Max drawdown.
    • Software engineer brother unable to fix coding error.
  • πŸ“ˆ
    14:56
    Use a v-wap trading strategy to maximize profits when the market is trending up, stop out with a 1% decrease and exit with a 3% increase.
    • Using a simple v-wap trading strategy, it is most effective and profitable on the long side when the overall market has been up trending.
    • Stop out with a decrease of 1% value and take an exit position when it increases 3%.
  • πŸ€–
    17:21
    AI is learning to respond to questions and modify tasks, with a current profit percentage of 29 and net profit of 41 dollars.
    • AI is learning how to respond to questions and modify tasks, making it a scary but interesting development.
    • Using AI trading bot with chat GPT, the current iteration has a profit percentage of 29 and net profit of 41 dollars, which is not a lot.
  • πŸ€–
    19:09
    Test our AI trading bot with real money and let us know what you think!
    • Chat GPT requires very specific instructions and guidelines when asking questions to create a successful trading bot.
    • Comment below if you want to see the AI trading bot tested with real money and let us know what you think about its results.
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ChatGPT AI Made Me A $100,000 TRADING STRATEGY
This is an AI-generated summary of a YouTube video "ChatGPT AI Made Me A $100,000 TRADING STRATEGY" by Humbled Trader!