Hey Chatsgbt give me the best trading strategy to make a hundred thousand dollars! Welcome back to another Humble Trader video. We have a very special video today I'm going to be using Chat GPT to generate a trading bot with automatic entries. Take profit and stop. Plus oh my! God this almost sounds too easy.

Chat's GPT is a newest and hottest kid on a block right now. everyone on YouTube is talking about how to make a thousand dollars with chat GPT And as a day trader of course, I cannot miss out on these potential profits. I Want to know if Chat's GPT can generate the best trading strategy and the best trading bot to trade 100 000 Capital So in this video, I'll be testing out various strategies and AI trading Bots With Chat Gbt and trading View, you are going to learn how you can use Chat Gbt to create a simple trading bot using indicators for your entries and exits, how you can back test your strategies step by step. and finally I'll show you the performance of Chat GPT strategies and whether the bot was actually profitable or not.

As of right now, Chat's GPT is still not that easy to use I Spent the entire day trying to figure out how to ask the bot some simple questions so it will give me exactly what I'm looking for and of course just implementing the code to create these strategies. And I even upgraded to pay twenty dollars a month to open AI to create this video. So if you appreciate the effort, please remember to smash the like button and follow along on this journey. Chat Gbt is an advanced AI bot by Open AI.

The bot is able to hold conversations with users, generate resumes, write essays, codes, blogs, and much, much more. But the million dollar question is can this AI bot create a strategy to trade a hundred thousand dollars? Can you trade stocks for me and make a hundred thousand dollars? Oh my. God Here we go. Okay, okay, there's no single best challenging me to make a hundred thousand dollars? Oh my.

God sounds like my mom. Okay, so clearly asking is straight up for a strategy. It's not going to work. But that's okay because there are two platforms that a lot of Traders are using to create custom codes, strategies, and scripts to help with their trading.

and those platforms are TD Think Will Swim and Trading View. Since Trading View is my absolute favorite online based charting platform, that's what we'll be using today along with Chat GPT So for those who don't know, Tradingview is a free online based charting platform. They also have a proprietary programming language called Pine Script which allows you to back test strategies and create custom codes and indicators. And don't worry I have like zero coding knowledge.

So if this grammar over here can figure this coding crap out, you're gonna be okay. So we're gonna do that with the help of chat. GPT So once you're on the Open AI platform here, you're gonna click. try Chat Gbt so you're gonna see it here.

You're gonna see to the two models. um, default is the free version but for the sake of this video. I Upgraded to Turbo which has like optimized data and like speed and everything. Um, so we're gonna ask: can you code in Pine script? Remember that's the proprietary language on Trading View that we can use to create a lot of custom scripts or strategies.

Okay, so Chat Gbt is the AI is able to code in Pine script. That's great. Okay, all right. so now that we're on the Trading View platform, we're seeing the daily chart for Tesla You can see I don't have any indicators on there.

Um, you guys know that I Usually just use the volume indicator and V-wap indicator. So for today's demo, we're gonna use V-wap as the basis for chat GPT to create our trading strategy. So let's go to indicators here and you're going to type in B-wap Um so I usually go to the community section I'm gonna use this one uh V1 with period. So I'm gonna put this on my chart right now and I'm gonna go in and adjust the period to 30.

I'm gonna change the color in the line style. Okay, so you can see this is V Wap on the daily chart. So what I'm gonna do now is to go over here and click the settings here and to get the source code for the script. Uh, source code over here for V-wap So this is it.

So what I'm gonna do now is to select everything and copy it and give it to chat Gbt. Okay, so let's see I'm gonna post paste it here and see if the bot recognizes it. Okay, so you can see that Chat Gbt recognizes that this is a pine script code for V-wap and by the way, you can do this with any indicator that you prefer to use for this demo. I'm just gonna use View app to keep it very simple and show you guys how you can do this.

So now I'm gonna tell Chats Gbt to create entries and exits and essentially a strategy using V-wap and the source code I Just gave it so use the code provided. Create a strategy in Combine script to buy when the price crosses. Overview App: In short, when the price crosses below V-wap and let's see what it does. All right.

Whoa. This is an example strategy code in Pine script that buys when the price crosses. However, you have ensures and the price crosses below Viewer: This: This is too cool. This is actually really really fun but at the same time a little bit scary if you know what I mean.

So you can see that this is what it gave us. So for us let's see just copy code here and let's see what we get. Um, trading view. So going back to our trading view platform let's make a make a test copy test one of here.

So we're gonna make a test copy. so we're gonna delete everything and post it. Remember the period I'm Gonna Change it to 30 or let's see if this works. So remember we're showing our Pine editor.

This is where you kind of post the paste the code the chat GPT gave you and we're gonna save it and we're gonna add a chart and see if it works All right. Actually worked. Oh I didn't think it would actually work that perfectly. Okay let's see.

let's see what I did you can see on the charts here using the V web indicator Chat Gbt created a lot of entries and exits. Um let's see you can see a bot shorted when the stock crosses below V web and but when the stock crosses over. Okay and same thing here. you can see a bunch of entries and exits here because Tesla was consolidating around the view up area a lot.

All right from appearance it looks like you know these. Uh, it created some sort of strategy. Uh, you can see she bought the stock here, shorted it here. It's probably not perfect, but let's see how it did.

So this is Pine editor this is where we were earlier. Now we're gonna go to Strategy Tester and this way you can see an overview of how the the Bots did. so you can see that the the Bot: Overall net Profit: 384 dollars All right that's after closing three Trill sorry 300 trades uh percentage profitable so it has a win rate of only 28 percent. Remember this is like going back in time then to show and back test these so it's probably not perfect.

um Profit: Factor 1.77 So for every dollar um it risk for a potential loss and made a dollar seventy seven Max drop down 114 All right. You can also go to Performance summary and see like all the profits gross profits Etc If you go to the settings here, you can see that we're trading with a hundred thousand dollars to back test this as an initial Capital base currency I'm going to change it to US dollars to give us a good idea. um list of Trades You can see other different trades that chat Gbt did. You can see where it made money and made 147 dollars wearing a lost money I lost like nine dollars Eighteen dollars All right 52 Profit Five dollars Loss All right.

Oh, this bar is pretty smart. What the oh even? I'm scared. It's actually pretty good that the first attempt that did this. Okay, well I'm actually genuinely impressed by this performance.

So you can see even with you know only 28 win rate the the ball is you know, technically profitable, but if you count in like commissions and stuff like that, it's not going to be profitable. But this is a very very good start. So we're back on the Chats Gbt website. so I'm gonna tell it to modify the script so it can be more efficient and generate more profits.

But before we do so, if you've been enjoying the video so far and following along, please remember to drop a like And subscribe. There's gonna be more videos like this in the future. So now we're back on Chat's GPT I'm gonna tell it to modify, find the previous script and sell the long when position value has increased three percent. Three percent.

All right, let's see what it does. Here's a modified version of the previous script that sells the long position when it has increased three percent. Let's see what's gonna do. This is so scary.

Honestly AI is going to take over the world. Okay copy code so let's go back to um trading. View So if we go to Pine editor again, so let's see so input I'm gonna put 30 again. Okay, I'm gonna save it, add it to chart.

so I think um Okay, this is interesting. With the the modifications we did, it's more profitable now at 49 percent win rate. but now the net profits has dropped to like 121 dollars. I'm not quite sure why.

So okay, so I bought the stock and closed the entries I Think there's no more short positions I think that might be why if we go to list of Trades Yeah, you can see Okay, the bot actually took out all the short sales. so now all the orders are buy so they're all entry loans. So in a previous version we told the stock to go long when the when price crosses. Overview app: In short when it crosses under I think in this second version it got rid of all the all the short positions.

so that's not what I want. So I want to both go long, take profit and short and take profit. But it's good to know that you know if we're just trading on the long side. the profitability has now increased by a lot.

Went from 28 to now almost 50 percent. but no Max Drawdown: It's good. Now now you're only losing 61 dollars and you're profiting overall 121 dollars. So I think what I'm gonna do is go back here.

This is where you get the buy and sell short. I'm gonna tell it to uh actually I'm gonna type the code. it just did use this code uh to create actually modify this script. so so I have to really think about how I'm gonna ask the boss to do this thing.

So you sell the long when position increased three percent and you close the short when position also increased three percent. Now let's see if this is gonna work. This is too much fun. but obviously right now you know with all all so much trading I only made like 120 dollars? That's that's not gonna work and this is trading with a hundred thousand dollars.

Capital But I think we can modify it and to make it even more efficient and make more money. Oh my. God this is a long coat. Okay, let's try so we're back here.

Remove everything so let's see. save add to chart. Oh let's see what did it do? Okay I see long entries and it's obviously short cells and I see Short Selling and closing the short entry. Okay now let's see how it did over.

Okay I think we just made it worse. It's now. Overall net negative of 41 Max Schwal down has now increased and it's not more profitable. Okay that that strategy wasn't profitable.

Can you modify the strategy to be more profitable? Let's see if they can do that. Okay, let's try this. it's gonna work. Oh, error syntax error at input or so obviously I Have no idea what this coding error means.

but don't worry, my own little brother is a software engineer working at is it still called Fan? Um, he has to know how to fix this. Hey, do you know Pine script I don't know how to fix this error if you A few moments later, he replies, what? no idea he's supposed to be an engineer working at Fan All right? Well, I Guess we had to figure this out on our own. So we're now back to the original strategy. The first one we did and that's been so far the most profitable one you can see that's the one that made us three hundred dollars and now I'm gonna see if increasing the The View up period was gonna.

it's gonna change anything. Another cool thing using a strategy tester Um, trading view is that you can see that you get different results using different um time periods. So earlier we were looking at year to date you will make around 235 dollars using the strategy right? because you can see um Tesla stock cross overview app early on this year and since then the stock is still long without taking any profit. But if you change it to like six months you know your profitability really changes to win rate is a lower but then you're making a net profit seven hundred dollars.

This is very interesting if you go to three months right? The stock also net profit one month. If you do in one month that's not a lot lower. So you can like play around with these different time frames and see different results. So I think it's pretty clear that at least with a simple V-wap trading strategy, it's only most effective and the most profitable on the long side when the overall Market has been up trending.

So that's why year to date right? it's working so well because Tesla finally crossed over V-wap so now I'm gonna go in and ask Chat Gbt to really modify the script so it takes profit at three percent and to reduce and stop out of the position at one percent stop loss. Reminder that if you want to try this out for yourself, you can check out Trading View the free charting platform in the link down below as well as Chat Gbt. These platforms are both free to try. So so I'm gonna use this script as a basis and again.

So I'm gonna ask Chachi BT to to have a stop loss of one percent and to take profit at three percent and not see how it performs. Can you modify the strategy so it stops out with decrease of one percent value and take an exit position when it increases three percent? Certainly. Wow! So nice. You know this is honestly very scary because I think since the last, uh, yesterday and today I've been talking to the bot.

It's been learning how I'm asking the questions and exactly what I want. Yesterday one was testing out this trading bot I got tons of errors and I just kept on asking various questions to modify it. So this AI thing is honestly kind of scary. All right.

So let's try this out. We're gonna copy this code. go back to Pine Editor on Trading View and I'm gonna paste it and see if everything's right. I'm gonna make the period 30 again.

Yeah, I mean the profitability. It's no still profitable, but the net profit is now only 48 dollars. You can try this out on other stocks like if we try this on something like let's say Nvidia You're gonna get very different results as you can see. So if we go to the list of Trades yeah and you can see the stop losses are not perfect.

A lot of the stop loss is at 10 which is not what we want. So I Think the bot is unable to execute the stop loss at one percent with overnight Gap Downs That's why you know. Obviously this still requires a lot of tweaking. We can also try this on the intraday chart and see if it's going to work out a little bit better.

So if we go to the intraday chart of let's say Nvidia so I think on the intraday chart, it's at least able to execute the stop losses a little bit better. As you can see, we still don't have the perfect strategy with this AI Trading bot, but with the help of chat GPT I Think we'll get in somewhere. so at least with the current iteration we have, it's still not that profitable. Um, the profit percentage has dropped down to 29 earlier.

The best we had was around 49. net profits only 41 dollars? That's not a lot. Um I Think it still needs a lot of tweaking now after trying out so many iterations of Chat Gpt's trading Bot strategy and letting a trade with a one hundred thousand dollars to test the strategies and see all the various results. Honestly, I'm not that impressed, especially with a lack of risk management and the very very low win rate.

That part of the strategy still needs a lot of work to make sure that the losses are smaller than the wins. Right now, they're about one to one and as you can see from the video chat GPT still require some very specific instructions and guidelines. When you're asking them questions, you have to be very direct and as specific as possible with your instructions. So I think part of using Chat's Gbt to create trading bot is to learning how to ask very specific questions, especially when you have very specific indicators and results that you're looking for.

As you already know I'm a grammar I Know nothing about coding, but I'm sure if it really went in and spends a little bit more time tweaking the bot, we can make it to improve the win rate and the overall net profit with even more specific guidelines and parameters. So let me know if you want to see me actually go in and tweak the bot even more and give it real money to test out this. AI Trading Strategy Just comment AI down below. Special shout out to these YouTubers and their videos Using Chat GPT To Create These trading Bots Also let me know what you think about this AI trading and are you impressed with the results at the so far today and what would you do to tweak the Bots and to make it even more profitable in your future videos? Thank you guys so much for watching As always I'm the humble Trader and I'll see you guys next time Foreign.

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