AI Trading Strategy with Chat GPT
AI is exploding right now and there’s a lot of money to be made. You’ve probably seen countless videos on YouTube already telling you that this is the next wave and they’re not wrong. The last time I saw people this excited about making money was during the last crypto bull run where I made millions and I plan on making millions again. But I want to do it with you, with AI and Chat GPT.
Creating a Forex Trading Strategy
My plan is to use AI to create a trading strategy that beats the banks, that retail traders like you and I can use as an unlimited wealth hack. So today, I’m starting this process. I’m creating this Forex Trading strategy with Chat GPT. Then, I’ll take a look at historical data to see how this strategy worked over 100 trades. And then, I’ll even take a live one thousand dollar trading account and start trading this with my real money to see if AI can truly make us rich.
Using Chat GPT to Create a Trading Strategy
The first thing I’m doing is logging into Chat GPT and telling it to create a trading strategy for me. I want to use indicators to help me make trading decisions, as Chat GPT can’t monitor the markets manually. I tried using the Ichimoku cloud and Volume Weighted Average Price, but had issues coding them. So, I asked Chat GPT to create a strategy based on any indicator of its choice.
Backtesting the Strategy
I have fully backtested the Chat GPT strategy, manually going through over 100 trades to see how it performs historically. The strategy had a win rate of 59% and a 792% gain potential on those 100 trades. I had both winning and losing trades, but overall the strategy showed great potential.
Live Trading with the Strategy
I had a live trade using the Chat GPT strategy and made a profit of $120 on my one thousand dollar trading account. The strategy gave a Buy signal and I used the RSI as confluence to validate the trade. This was a good first step in my journey using AI for trading.
Accessing the Strategy
If you want access to this script, you can find it in TradingView by searching for “Chat GPT strategy Buy trade with Pat”. You can use this strategy for your own trading.
Conclusion
AI and Chat GPT have the potential to revolutionize trading and make us rich. While there were some challenges along the way, the results are promising. I will continue to refine the strategy and share more advanced versions in the future. If you’re looking to start trading Forex, consider using Hanko Trade, the number one broker on the market.
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