Lesson #1 : if you find a way to make money you will never share it with anyone. Lesson #2 : if someone shares with you the way they make money you should know "you are the product"
First that code did not look like a fleshed out pinescript strategy at all. Pieces of one perhaps. Second you would have gotten errors compiling the code, chatgpt is far from perfect. Third, just stop lying for views, speak the truth. Even a lie like this. You might think it’s insignificant, but it isn’t it’s another lie on the scale leaning towards a deceptive world. You aren’t smarter than everyone if you lie for views, but you are taking advantage of people.
Apparently everyone has built a trading bot! I'm so sick of seeing these ChatGTP trading click-bait grifters. You are right someone who doesn't know any better will see something like this and get burned!
yep. thanks for calling him out. i put one of his chatgpt trading bot on tradingview, i don't see A positive result at all. well, whoever knows about chatgpt and trading, also know that chatgpt won't spit out correct code the the first few answers which this guy kind of lying about it.
Yeah, he cherry-picks a few trades and reports unbelievable returns. If he was legit he would run a random time frame Minimum 100 trades and reveal the results
@@vicentebarton7092if you were a coder, you’d know that’s one of the shittiest and basic scripts you’ve ever seen. It’s barely more complex then the ATR indicator. No way it makes money, 100% misinformation.
Remember folks. People who really make money code trading do not need income from RU-vid. Look for coding RU-vid channels whose videos suddenly cuts off or becomes less frequent. They are the ones who made it.
@@Quantum_Vision_Masterysame point. If you are code trading and you need the income from selling books or RU-vid then your code ain't good enough. I am being cheeky but I think the general principle applies. If you take multiple jobs then your main job isn't making enough dough. Still appreciated though. We just have to separate those who wish to share from the charlatans.
For a joke I asked Chat and it came up with 50/200 ema crossover lol .. like it just picked up a book on trading today and it’s the first thing it read about moving averages lol .. this guys a joke.
There is no autotrading on Trading View, just automated backtesting, but you can´t open life trades with your broker from a script. Trading View doesn´t allow that.
@@Schlex "built a trading bot", "coded in Pine Script", "headed over to Trading View and plugged it in", "this can run while I´m away from keyboard" Maybe you should try to learn to listen and understand, that´s exactly what he claimed and it´s impossible therefore a lie.
Just copy whatever RU-vidrs published and combine all into one , now you have your own product to sell coming from copy and paste, then published to social media. That's how you make money without lifting a finger. Most of this kind of people had graduated from school by copying during exams.
Good luck on that. ;) Been a career trader for over 20 years and designed many automated systems. Unless your program has multiple data-feeds driven from Market relevant info, all your successes are extremely short lived. *Just a heads up for you to protect your capital.
All the required market info is included in price and volume. As long as risk is managed well, a very simple edge can effectively be worked over time by a solo trader with little more data than live L1 or L2. Of course, 90% of these people are going to get smoked because the don’t have the time or discipline required to implement, work and understand what they are actually doing. Relying on a black box, a crystal ball or someone else’s judgement is about the stupidest thing you could do if you are trying to make a living at this game and you don’t work in a glorified form of sales.
@@edshrooma8212 you’re wasting your time. There’s an entire subreddit for r/Algotrading and none of them have been able to create an automated algorithm that is consistently profitable to my knowledge. You’re obviously welcome to try however.
You're doing a fantastic job! I have a quick question: My OKX wallet holds some USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). What's the best way to send them to Binance?
This is a complete scam. No bot will get 2000% returns. Even if you use the most cutting edge AI models like PPO and DDPG. But he clearly didnt even train an AI model
I’ve been coding on pinescript for some time now. Ask GPT how to code and it will teach you some stuff but trial and error and experience will help you learn it. Example: GPT in the beginning didn’t understand that you need “math.abs()” for more than one variable in the function, it was using ta.abs()… you must learn what it doesn’t know about pinescript but it can be a teacher and get you farther along than you would have been
Great analysis, thank you! Could you help me with something unrelated: My OKX wallet holds some USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). Could you explain how to move them to Binance?
@@StoutProper ChatGTP never spit out v5 pine script correctly. So you always have to manually correct the syntax. If you don't know coding it's impossible to just plug and play.
It isn't nearly that simple. This is dangerously misleading. Should report this for guidance measure. Should post the script to male up for how irresponsible this video is...
But why? a lot of ppl thought of this without watching a YT video you just gotta imagine all you could do with IA, technology always progress, so if its not working today it will in a close future, maybe it will be ilegal of course, but how do we know banks and big corps wont do this sht?
Chat GPT can help you create coding projects but it’s iterative and you need to have a lot of patience and many attempts to test and iron out the bugs. It also still forgets random parts of your instructions and can get extremely frustrating. As a coding assistant I’d say it’s ok but if you want it to build a complete Algo from scratch while you sit back, watch and eat popcorn, forget it.
Thanks for the video, it's really good. How can you apply this script on a real account, like on Binance? If you also connect it with a webhook, how can you start the script? Could you possibly explain or make a video about this?
the reason AI in trading performs badly is because neural networks always need an underlying rule that is fixed, the rule must not change, like a chess board, the board must not change shape, like a robot, the laws of physics must not change. this is why you can 'train' then 'apply' and results meet expectations, however in financial market the 'rule' if there is any, always change with time, say a support level or how high/low the price can go. imagine an AI trained robot runs towards x position and then suddenly the ground becomes a lake, AI then switches to swim mode then the water in the lake becomes lava..
I guess in theory AI could take stats and adapt itself based on the past 100 trades or something. But pinescript can't do that. It just looks like a standard MA crossover or ichimoku cloud twist strategy or something anyway, doesn't look like a revolutionary strategy.
@@fun-trading well, actually no and yes, first adapting, meaning the program has to make mistakes first, in live trading, AI should avoid mistakes, so if you train then deploy, all adapting are done, and you will see completely new things that you will have to adapt again, and second, stats are in a sequence, you have to decide how much stats should be considered recent, say you have an entry point that is a $50 green bar with a $200 down wick, and then the price goes up $1500 from here, and then it starts dropping, and then it goes up to a new high, then you see the same green bar with a $300 down wick, can you say this is a good long entry? nope, price will probably drop after it. so the stats has a starting point and an ending point and these points are not previous top/bottom, it should be somewhere in the middle with a vague memory that the top/bottom was the most recent. If any AI can work in financial market, it will need to learn and live trade at the same time, that is there is no training and deploying, you come up with algo's that allows it to learn as you go, so at least 2 agents, 1 is learner, the other is trader, when trader makes 1 mistake the learner kicks in.
@@whatever-rv5em There could probably be a system of continuous backtesting and as soon as the past 100 trades or so probability falls into unfavorable odds it switches to a different strategy that has had favourable odds for the past 100 trades or so. But yeah I agree there would have to be a number of strategies pre programmed so it can search for the highest probability on previous price action. Perhaps we're not even close to AI being able to analyse the variables and construct intelligent decisions based on new data? But I think the crux of my original point was that a pinescript strategy is pretty much always going to end up losing in the long run without human intervention in the trade management.
@@fun-trading yeah, i couldn't agree more on the pinescript view, given known probabilities to predict future probabilities is a 50/50 game, give or take. but ai is changing fast, with specialized algo's i believe ai one day could achieve high returns, just like the game of go was considered impossible to master using ai tech, and yet alphaGo came up with some brilliant ideas, so is protein folding.., so its just a matter of time and math
@@whatever-rv5em Some people seem to think AI will eventually turn discretionary trading into an impossible task of being continuously outsmarted by a computer, I personally think there are too many strictly human variables that decide prices, so until AI has taken the place of free will the market is going to run on human psychology.
they must have made updates cause it wont do anything that compiles into tradingview pinescripts properly can you upload these pinescripts so we can try them>?
@@brainloading5543 ChatGPT has no knowledge of the world after August 21. So if there have been changes to the syntax after that, ChatGPT won´t know about it.
@@Nyruami Doesn't really matter in this case, the market is always the same. I feel like you still need a little bit of knowledge in coding so you can correct and make specific adjustments to your strategy. I tried without knowing how to code, and it kinda worked but I struggled to make it on my own strategy of trading, right now it kinda works but idk how to make the changes I want and chat gpt can't as well.
Dude found the holy grail, that can make him the richest man on earth, but somehow he is trying to earn money with short videos? Haha, its the same as the trading gurus, why would they charge for lessions if they make unlimited money? Its all a scam, profitable bots dont exist!
I want to code it just to execute when price drops or pumps big or pushes above a range. And to only execute on high Impact news events like us cpi and nfp ect
What's funny Is, we live in an age where you can get ai to write programs for you. But most people are still too stupid to fix any minor issues in the code so they can't use it hahaha
I won a nice sum last week but I paid bills and took what was left over to the strip club then won a bit on college hoops yesterday didn't bother making videos. Did publish basketball and horse racing methods as I now primarily trade the SPY.
Stop hating, lets talk about that this will be possible in a near future, technology never stop, yea it may be ilegal, but how can we know banks and big corps wont use that tech?
people keep talking about chat gpt alot these days chat gpt is just a bot and a bot cant analyse the market cant recognise if the market is ranging as a result when you trade with bots it s like you are gambling , the winrate was 49% so it s losing more than it s wining although it s profitable but in a bad way I use bots only if I have excess of money and I just want to waste it and if I lose no issues if I profit then that ll be cooler I ll re invest it again
@Abintro true, people now are over obsessed with the ez money and not from the experience it self.. maybe i will try to dig it if i dont have the experience and if this was easy we all become billionaire in no time
@@TONI__KROOS Open demo account, for example at Oanda ( no time limit) and start trying. Develop a routine that is profitable. Watch many youtubers tell you "this is the only video you ever need to watch" etc.
major BS. the current version of chatGPT is super flawed at PS4, let alone PS5. can't even do the most basic things without messing up. hopefully someone builds a plugin real quick.
Head on over to ICT. He’s the only guy I’ll recommend you learn from. This takes at the very least a couple years of rigorous study to learn. Im not trying to persuade you to not pursue this career, it can one of the most rewarding things in the world. I just want you to know what you’re up against before you embark on a long journey.
