Generate Insane Trading Returns with ChatGPT and TradingView

Summary

This video demonstrates how to leverage OpenAI's Chat GPT to develop a Bitcoin trading strategy without programming knowledge. The host guides viewers through using Chat GPT to create a simple trading algorithm in Pine Script on TradingView. The tutorial shows how to modify existing strategies, like the Super Trend, to optimize performance. It also explores using technical indicators like RSI and ADX to refine the strategy, ultimately aiming to turn a $1,000 investment into over $1 million through backtesting.

Takeaways

• 😀 The video demonstrates using OpenAI's Chat GPT to develop a Bitcoin trading strategy without prior coding knowledge.
• 🔍 The presenter explores the potential of Chat GPT to create an outline or introduction for the video, showcasing its capabilities.
• 💡 Chat GPT can translate natural language into computer code, which is particularly useful for creating trading algorithms.
• 📈 The video emphasizes the accessibility of trading strategy creation, making it available to both experienced traders and beginners.
• 🌐 TradingView is introduced as a platform for charting and backtesting trading strategies, with a focus on its strategy tester and Pine script coding.
• 🛠 The process of coding a simple long-only trading strategy using the 50 SMA in Pine script is shown, highlighting the iterative nature of coding with Chat GPT.
• 🔎 The video explains how to use Chat GPT to understand and modify existing trading strategies, such as the Super Trend indicator.
• 📊 The presenter discusses optimizing strategies by adjusting parameters like initial capital and leverage to meet specific financial goals.
• ⚠️ The importance of articulating clear instructions to Chat GPT for effective strategy creation is highlighted.
• 🚀 The video concludes with a significant achievement, turning an initial $1,000 into $17.4 million through strategy optimization.

Q & A

What is the main goal of the video?

The main goal of the video is to demonstrate how to use OpenAI's Chat GPT to develop a Bitcoin trading strategy, with the aim of turning a thousand dollars into over a million dollars.

How does the video suggest using Chat GPT for trading strategies?

The video suggests using Chat GPT to create an outline or introduction for the tutorial, and to generate or modify trading algorithms in Pine script without any programming experience.

What is the role of TradingView in the video's strategy?

TradingView is used as the platform for charting, testing, and backtesting the trading strategies developed with Chat GPT, particularly utilizing its Strategy Tester and Pine script editor.

Why does the video emphasize the importance of being explicit with Chat GPT?

The video emphasizes the importance of being explicit because Chat GPT cannot read minds and requires clear instructions to generate accurate trading strategies.

What is the significance of the 'super trend' strategy mentioned in the video?

The 'super trend' strategy is significant because it is one of the best-performing strategies identified in the video, with a return of 478 percent, and is used as a basis for further optimization.

How does the video address the issue of over-optimization in trading strategies?

The video addresses over-optimization by showing the process of iteratively improving the strategy and warning viewers about the potential pitfalls of overfitting the strategy to historical data.

What is the role of technical indicators like RSI and ADX in the video's strategy?

Technical indicators like RSI and ADX play a role in identifying overextended prices and market trends, which are then used to refine the trading strategy to avoid losses and capitalize on trends.

How does the video suggest improving the ADX indicator's responsiveness?

The video suggests making the ADX more responsive by adjusting its parameters, such as lowering the signal threshold to 20 and shortening the period to make it more lenient and reactive to market changes.

What is the final outcome of the trading strategy presented in the video?

The final outcome of the trading strategy is an over-achievement of the initial goal, with the strategy turning a thousand dollars into 17.4 million dollars.

What are the two key takeaways emphasized in the video?

The two key takeaways are the utility of Chat GPT for strategy development and the empowerment it provides to traders, and the importance of leveraging tools like Chat GPT to stay competitive in trading.

Outlines

00:00

🚀 Introduction to Developing Bitcoin Trading Strategies with Chat GPT

The speaker introduces a project to develop a Bitcoin trading strategy using OpenAI's Chat GPT to turn a thousand dollars into over a million. Despite not preparing for the video, they demonstrate how Chat GPT can be used to create an outline or introduction. The tutorial aims to show viewers how to use Chat GPT to develop custom trading algorithms without programming knowledge, appealing to both experienced traders and beginners. The speaker highlights the accessibility of Chat GPT in creating profitable trading strategies based on backtesting.

05:01

💻 Exploring TradingView and Pine Script for Strategy Development

The video moves on to using TradingView, a popular online trading platform, to develop the trading strategy. The speaker guides viewers on how to access the Pine Script editor and use the strategy tester. They emphasize the simplicity of coding with Chat GPT, which can translate natural language into executable code. The speaker then demonstrates how to use Chat GPT to create a basic long-only trading strategy using a 50-day Simple Moving Average (SMA) in Pine Script V5. However, they encounter errors when trying to compile the code, highlighting the need for troubleshooting and understanding the code.

10:02

🔍 Refining Strategies with Chat GPT and Public Library Resources

The speaker discusses the importance of being explicit when asking Chat GPT to create a trading system. They suggest using Chat GPT to research and understand existing strategies, then iterating upon them. An example is given where the speaker copies a strategy from TradingView's public library, asks Chat GPT to explain the Pine script, and then modifies it to suit their needs. The video demonstrates how to transform a long-short strategy into a long-only strategy by using Chat GPT to close long entries instead of going short.

15:04

📈 Optimizing Strategy Performance and Setting Trading Parameters

The focus shifts to optimizing the trading strategy's performance. The speaker explains how to use the strategy tester to analyze the equity curve and identify issues such as losing money on the short side. They modify the strategy to be long-only and demonstrate how to set initial capital, margin calls, and the amount of equity used in the strategy. The speaker also discusses the importance of understanding how much leverage is being used and how to simulate margin calls using Pine Script.

20:06

📊 Incorporating Technical Indicators to Improve Trading Strategy

The speaker aims to improve the strategy by identifying overextended prices and market trends using technical indicators like RSI and ADX. They show how to integrate these indicators into the Pine script and use Chat GPT to understand and modify the code accordingly. Despite facing challenges with the ADX indicator, they persist in optimizing the strategy. The video concludes with a successful backtest, showing a profit of over 17 million dollars,远超 the initial goal. The speaker emphasizes the importance of using tools like Chat GPT and warns against over-optimization.

Keywords

💡Chat GPT

Chat GPT, as referenced in the video, is a powerful language model developed by OpenAI that can understand and generate human-like text based on the prompts given to it. In the context of the video, it is used to create a Bitcoin trading strategy without the need for programming experience. The video demonstrates how Chat GPT can be instructed to develop an outline or introduction for a tutorial, showcasing its utility in content creation and strategy development.

💡Bitcoin trading strategy

A Bitcoin trading strategy refers to a systematic approach to buying and selling Bitcoin with the goal of making a profit. The video aims to develop such a strategy using Chat GPT, highlighting the potential for artificial intelligence to assist in financial decision-making. The strategy involves using technical indicators and algorithms to determine when to enter and exit trades, which is a common practice among traders to maximize gains and minimize losses.

💡TradingView

TradingView is mentioned as the world's most popular online trading platform in the video. It is used for charting the price of various assets, including cryptocurrencies like Bitcoin. The platform offers features like community tabs, news feeds, custom indicators, and mobile alerts. In the tutorial, TradingView's strategy tester and Pine Script editor are utilized to test and implement the trading strategies developed with Chat GPT.

💡Pine Script

Pine Script is a domain-specific language used on the TradingView platform to create custom technical analysis indicators and strategies. The video emphasizes the use of Pine Script in conjunction with Chat GPT to develop and modify trading algorithms. It demonstrates how to integrate code generated by Chat GPT into the Pine Script editor for backtesting trading strategies on TradingView.

💡Backtesting

Backtesting is the process of testing a trading strategy on historical data to evaluate its potential performance. The video discusses the importance of backtesting in the context of developing a Bitcoin trading strategy using Chat GPT. It shows how to use TradingView's strategy tester to simulate the performance of the strategy on past market data, which is crucial for understanding how the strategy might perform in real trading conditions.

💡Technical indicators

Technical indicators are statistical tools used by traders to analyze and predict the price movements of financial instruments. The video script mentions several indicators like the 50 SMA, RSI, and ADX, which are used to build the trading strategy. These indicators help in identifying trends, overbought or oversold conditions, and potential reversal points in the market.

💡Overbought and oversold

Overbought and oversold are terms used in trading to describe a security's price that has risen or fallen sharply, indicating that it may be due for a reversal. The video discusses using the RSI indicator to identify overextended price conditions, which can signal potential trend reversals. By incorporating this into the trading strategy, the aim is to avoid entering trades during extreme market conditions.

💡ADX (Average Directional Index)

The ADX is a technical indicator used to measure the strength of a trend, not its direction. In the video, it is considered for inclusion in the trading strategy to help determine whether the market is in a strong trend or a ranging condition. The script mentions adjusting the ADX settings to make the strategy more responsive to market movements, which is essential for improving the strategy's performance.

💡Long-only strategy

A long-only strategy is a trading approach where the trader only takes long positions, meaning they only buy assets expecting the price to rise. The video script describes modifying the strategy to be long-only by closing long entries instead of going short, aiming to capitalize on upward price movements while avoiding losses from downward movements.

💡Over-optimization

Over-optimization occurs when a trading strategy is excessively fine-tuned to historical data, which may reduce its effectiveness in future, unseen market conditions. The video concludes by cautioning about the risks of over-optimization, suggesting that while the strategy developed with Chat GPT performed exceptionally in backtesting, it's important to be aware of the potential pitfalls when applying such strategies to live trading.

Highlights

The video aims to turn $1,000 into over $1 million using OpenAI's Chat GPT to develop a Bitcoin trading strategy.

Chat GPT can create an outline or introduction without prior preparation by the user.

Chat GPT can translate natural language into computer code for trading strategies.

Non-traders can use Chat GPT to generate a momentum strategy with specified parameters.

TradingView is introduced as a platform for charting and backtesting trading strategies.

Pine script in TradingView is used for coding trading strategies.

Chat GPT's ability to explain its code and provide well-commented scripts is highlighted.

The video demonstrates how to use Chat GPT to create a simple long-only trading strategy using the 50 SMA.

Chat GPT's strength lies in improving upon existing content rather than creating from scratch.

The public library of strategies on TradingView can be iterated or improved upon using Chat GPT.

Chat GPT can explain Pine script code to help users understand trading strategies.

The video shows how to modify a strategy to be long-only instead of long-short to improve performance.

The strategy tester in TradingView is used to analyze and optimize the trading strategy.

Chat GPT is used to identify technical indicators that can identify overextended prices.

RSI andADX indicators are incorporated into the strategy to avoid overextended and ranging markets.

The video concludes with a strategy that turned $1,000 into $17.4 million, demonstrating the potential of using AI in trading.

The importance of using AI tools like Chat GPT in trading is emphasized for both novices and experienced traders.

The video serves as a cautionary tale against over-optimization in trading strategies.

Transcripts

hello everyone today we're going to take

a thousand dollars and turn it into over

more than one million by using open ai's

chat GPT to develop a Bitcoin trading

strategy for us there's only one problem

is that I didn't prepare for this video

but then again why would I I can just

pass chat GPT to create an outline or an

introduction for me let's see how it did

hi there and Welcome to our tutorial on

using chat GPT to develop trading

strategies in this video I'll be showing

you how to use chat gbt a powerful

language model developed by open AI to

create custom trading algorithms without

any programming experience whether

you're a seasoned Trader looking to

automate your trading strategy or

complete beginner looking to learn about

trading this video is for you so sit

backs and and relax and get started with

chat GPT so pretty darn good right so

essentially we can use natural language

or simply ask the computer something it

can then take that something and

translate it into computer code and give

us an answer back now in regards to

trading we can have non-traders ask hey

give me a momentum strategy using these

parameters and it'll do it for us and

you can actually use tools like training

view which already has the data and

everything built in to test it for this

channel typically I'm building databases

by doing python all this other stuff and

sometimes that's not very accessible to

many Traders but this really opens up

the door for anyone who wants to be able

to create a profitable trading strategy

based on back test and in this video I'm

going to teach you exactly how to do

that so that way you have confidence

when going into your future trades

now the first thing that we're going to

want to do is go over to tradingview.com

tradingview.com is the world's most

popular online trading platform you can

chart pretty much the price of anything

but there's also Community tabs there's

news feeds there's also custom

indicators and even mobile phone alerts

but for our intents and purposes we are

going to be using the strategy tester

and coding in Pine script so you want to

go down here and click on the pine

editor here you may see a blank strategy

if you don't just go to open and then

click create new strategy and here will

be the boilerplate code but again don't

worry we're not really going to be doing

the coding chat GPT we'll be doing that

coding for us so let's head back over to

chat GPT and create our first trading

strategy now the biggest challenge any

new user of chat GPT or any other NLP

model is going to face when creating a

trading system is articulating exactly

what they want if you want a 50-day

simple moving average you have to tell

chat GPT that it cannot read your mind

if you want chat gbt to give you a

trading strategy using a crossover of

the 12 and 26 EMAs well fantastic but

you have to be explicit about it in our

case we want to start off as simple as

possible so I'm going to tell chat GPT

exactly that right give me an extremely

simple long-only trading strategy that

uses the 50 SMA

in Pine script V5

and now the great thing about chat GPT

is it'll actually explain what it's

doing and then provide you the code

sometimes the explanations at the top

sometimes at the bottom and usually it's

well commented so we're going to copy

this code and then we're going to take

it into trading View and run it now all

we need to do to get this code to

compile is paste it into the pine editor

and click save if you don't have your

Pine editor open you'll want to click

the pine editor down at the bottom of

your screen here and then if you don't

see any code here click open and create

new strategy and this is the boilerplate

strategy now we can go ahead and paste

all of our code from chat EPT here click

save and unfortunately we'll just call

this a chat GPT Bitcoin strategy

it doesn't work it says try to add this

or that so let's undo this I know it

doesn't have this strategy code here

which we we need for it to run so I'm

going to paste the code under here and

then click save and we're going to start

seeing more errors because we're not

using ta now you're going to say wow I

thought that chatgpt was going to be the

new thing and now I have to like figure

out how to code I have to troubleshoot

all this well

no you don't there's actually a better

way to do this now it's essential to

understand that chat GPT is good at

creating code or content from scratch

but it's much much better at taking

existing content such as you know

natural language or code and improving

upon it we use chat EBT to kind of

research an idea of what we want and

then we can go to the public library of

strategies provided by training View and

iterate or approve upon it so you can

see here I can click on this bar up down

strategy and you know it looks like it's

losing some money but you know maybe

this is something that we're interested

in we can go up here click the brackets

here for the source code

take this

copy it go back to chat GPT say please

explain this

Pine script through me

and it will actually tell you what it

does so if you have a question on how a

strategy works because you don't

understand the code yet you can use chat

GPT and one crazy thing that happens is

after you do this for a while you'll

actually be able to read this code now I

don't want to use this bar up down

strategy let's take a look at some other

strategies here's some Bollinger band

strategy so I'm going to look for a few

or strategy that actually performs well

you know

you know that's a almost one percent

stochastic

super Trend okay so it looks like we got

a winner the super trend is up

478 percent so we'll start with the

super Trend indicator to see if we can

get it to over a million so we'll click

on indicators

go to super Trend and here we have it

and now we can go ahead and grab this

code

I'll say I'm just hitting Ctrl a and

Ctrl C or you can select the whole thing

cut copy and I'm going to go to open

strategy

I'm going to then paste this save it and

I'm going to call it super trend

Bitcoin strategy and click save we need

to get an understanding of the super

Trend strategies return profile when

trading Bitcoin we know that when we

went to the indicator library and

selected strategies that it was one of

the best performing strategies if not

the best performing strategy available

to us but without actually looking at

the returns we don't know how to

optimize it we can do that by going to

strategy tester we can see an overview

here where we can see a pretty nice

Equity curve a pretty large drawdown you

know we've got 52 average bars in a

trade with 79 total closed trades and 44

be profitable if we go to Performance

summary we can see a glaring issue that

we can potentially fix I'll zoom in to

make it a little easier to see but

basically we're making a lot of money on

the long side and losing a lot of money

on the short side now not only are we

losing this money but it's not available

to us on the long side to compound so

what we'll do is we'll change this

strategy from a long short strategy to a

long only we can do that by going to the

Pine editor selecting all of this Ctrl a

and control C or you know selecting all

of it and clicking copy and then what

we're going to do is we're going to go

to chat GPT and ask it to close the

position whenever the super Trend

strategy changes Direction instead of

shorting so let's reiterate that to chat

GPT we'll say update the following

hindscript to close long entries

instead of going short then I'll paste

the code and henceforth I'm going to

just show you what I type into chat GPT

and then I'll fast forward to the output

so I'm not wasting your time we'll take

the code we'll copy it and then we'll

paste it back into trading View Press

Ctrl a in the pine editor then Ctrl V to

paste it we see that our code is updated

we then press save to try to compile it

we don't see any errors which is

fantastic which means we think that chat

GPT successfully changed our code simply

by us giving it Direction now let's

validate that these strategy results are

improved we should see that there are no

losses on the short side or even no

trades on the short side we go to the

strategy tester we then can look and see

that our strategy did change we now have

a 55 percent win percentage and

underperformance summary we don't see

any short losses now I promised you that

we're going to take a strategy from 1

000 to well over 1 million so now what

we're going to do do is update the

initial Capital to see how far away from

that Target we are

but we're not going to use chat GPT for

this because I don't want to do you a

giant disservice recall earlier that I

said the most challenging thing a new

Trader will encounter when trying to

create a trading strategy with an NLP

model like chat GPT is articulating

exactly what they want and if you're not

able to at least get the information out

of pinescript that you need you're not

going to be able to design the trading

system that you want but don't worry all

you need are two fingers right it's not

difficult you can see these blue

keywords remember we're taking existing

strategies and indicators out of the

library pasting what we want or asking

Chachi PT to modify them and then what

we can do is find these blue keywords we

just press control and click and we'll

pull up the pine script reference manual

and then you can see all of these

various properties and scroll down and

get the information that you need so

what we need to do is we need to set

that initial capital and we also need to

be able to set up Margin calls because

we can't just leverage without any

margin calls and understand how much

Equity that we're going to use now I

already understand this information so

I'm not going to waste your time here

but we'll just run through one because I

want you to get comfortable with this so

we'll go and look at the margin long

property here it is and it says margin

long is a percentage of the purchase

price of a security that must be covered

by cash or collateral for long positions

must be a non-negative number right that

makes sense and it's used to simulate

margin calls and explained in The Help

Center so you can click on that if you

want more information but let's go ahead

and now set the initial Capital the

Margin Call and the amount of capital

used

so take initial Capital I'll copy this

and this is getting pretty long so I'm

going to press comma hit enter tab space

paste the initial Capital we want a

thousand we also want the default

quantity value to be a hundred and then

we also want margin long

now obviously we've got some exchanges

that offer 1 to 100 leverage we'll just

do one to ten and then what we'll do is

we'll save this and we'll see how this

adjusted our strategy we'll open the

strategy tester and we'll see that

overview looks like we've already taken

a thousand dollars in capital to over

2.3 million so if we met our goal I

don't want to stop here I don't know

about you there's a lot more that I want

to talk about so we'll change the 1000

to 1 million dollar trading strategy to

the 1 000 to 10 million dollar Bitcoin

trading strategy now how can we improve

upon this strategy well if I look here

when we're looking at this Equity curve

it's going up and then we start to see

some downward movement here if I click

on this we can see here that Bitcoin I'm

going to zoom out a little bit we can

see that we're in a pretty good uptrend

and it looks like we're you know we're

also losing money on this this downtrend

here so there's two things that I want

to resolve the first is we want to not

be in Bitcoin when it's over extended

and secondly when the trend is down we

want to exit right so let's go ahead and

use chat sheet PT our friendly research

assistant to figure out how we might be

able to do that now it seems like chat

gbt is experiencing some exceptionally

high demand let's hope it gives us the

answer we're looking for anyways we will

ask for quick answers and we'll say give

me a list without descriptions

of technical indicators that are

excellent

or identifying

over extended prices

hopefully it'll give us a few all right

so RSI stochastic oscillator Williams

Bollinger Bands perfect we'll use the

RSI and our strategy to identify

overextended prices so what I'll do is

I'm going to go up here and edit this

and say give me a list without

descriptions of technical indicators

that are excellent for identifying

when a market is trending

and click save and submit and we'll see

what happens moving average RSI

Bollinger Bands macd parabolic SAR

Fibonacci retracement all of these okay

we've got the adx so what we'll do is

we'll use the RSI to identify over

extended prices and we'll also use the

adx to determine whether or not we're

ranging or trending and fit that into

our strategy to see if we can get up to

that or maybe even surpass that 10

million dollar mark we'll start by

adding the RSI and potentially get us

out of overextended Trades we see that

the RSI is already charted up here and

we can be absolute maniacs and click on

the source code here copy all this and

paste it into our Pine script or ask

Chachi BT to massage this code into our

existing strategy but that is way way

way too difficult there's a much better

method let's open up our previous

strategy we'll click open you can use

either the recently used or go to my

script here I see the super Trend

Bitcoin strategy I'm going to click on

that and remember I said you can access

everything that you need to access by

control clicking on any keyword which is

highlighted in blue essentially it'll

pull up the pine script reference manual

if for some reason you don't want to

access it that way you can always click

this triple Dots here and click the pine

script reference pop-up now I want to

know about the RSI so I'll just type in

RSI we see it as the first result which

is already being displayed and it tells

you everything that you need to know

about the RSI if you have questions you

can literally copy and paste this in the

chat GPT and explain it to you I'm going

to copy this code right here we'll use

the close as the source and the length

you know we'll use probably a little bit

longer because I want to try to capture

you know make sure that there's room to

run so what we'll do now is we'll scroll

down to where we enter

now we could ask Chachi PT to do this

for us but it is having some bandwidth

issues at the moment and you really

should get into the habit of being able

to read basic Pine script we'll say and

right so it has to have this direction

change and I'll paste this to TA dot RSI

close price and the is the value we're

going to calculate this off to close and

we'll say you know what 21 is less than

66. so we're saying that you know we

don't want to be overbought on a longer

term time frame but you know what I also

want to make sure that we're getting in

to the trade whenever there's a very

high RSI on the shorter time frame which

will essentially sort of mimic a

breakout and some serious buying

pressure we'll say close 3 is greater

than 80. now what I'm going to do is I'm

going to save this then we'll check the

results and we'll see if this solved the

issue with getting into and you know

getting out of I should say overextended

trades and then we'll see how we can

prove this strategy likely using the adx

to determine you know that downtrend and

getting out of that so I'm going to save

now and check out the results so go to

the strategy tester we see our overview

and it looks like we've made some

progress but I'm starting to get a

little nervous right so we're at three

million in profits we're not at 10

million plus yet I don't know if I'm

going to be able to get get us there but

I'm going to try my hardest we can see

that the equity curve is you know

fantastic and then all of a sudden we

have this drop off so click on this

again just to analyze it one more time

you know it looks like uh you know this

downtrend is really eating us up and

also this sideways action right so we'll

use RSI to try to negate some of this

downward pressure and then also use the

adx to make sure that we're trending and

not uh you know getting chopped up so

the way we'll do that is we'll go back

to the Pine editor and now the 80 well

let's first start off with the RSI

that's easy to do what we'll do is we'll

just add a longer RSI duration and say

that we have to be above you know 49

meaning that there's some buying

pressure and we're not constantly having

lots of cell pressure so we'll say ta

oops and ta dot RSI

use the close price we'll say

close we'll say 28 you know four weeks

is greater than 49 and then what we'll

also do is we're going to actually we'll

save that you know we'll save that now

and we'll check out our results and see

what happens here to see if we get rid

of some of that downward action and then

we'll handle the chop

click on the strategy tester and oh man

we're so close we went from you know

three million and change to 5.3 we're

now at a two-thirds win percentage and

we've still got a little bit of room for

improvement hopefully that'll get us

over that 10 million dollar Mark we can

go to the Pine editor uh click on

control click on any one of these

keywords so we can use input if we want

and you'll notice it just pulls up input

so whatever we're control clicking on

it'll pull up and then we're going to

type in adx

and you'll notice that unlike the RSI we

don't see it so what we'll do is we'll

go to the indicators metrics and

strategy to click on this go to

technicals and then we'll search for the

adx and you'll see here when we click on

average directional index adx it'll come

up on our charts we can click on the

source code and now what we'll do is

we'll copy all of this we don't need

indicator we'll just copy this you only

need one indicator or strategy and then

we'll go back to our original strategy

which is the super Trend Bitcoin

indicator I'm going to paste it you can

paste it pretty much anywhere above you

know where we're going to use it here

I'm going to paste it in here I don't

want to plot it

we can ask chat GPT and maybe we will

after this if we don't get it the whole

way what exactly this code is doing but

I know that the Sig is the signal and

you know we want it to be relatively

trending so we'll say and Sig is greater

than 30. and hit save and we'll see if

we get it there

come on baby oh no we went from millions

and millions to 62 000 yeah uh I guess

what are we gonna do now all right well

I think obviously that adx really messed

us up but maybe we should ask Chachi PT

how we can make it better right so we'll

say chat GPT how can we make the adx

more responsive right so clearly it took

us out of too many trades now I know

that you know and you can ask Chachi PT

this come on I know that you're you're

you're getting hit with all sorts of

requests but this is really important uh

give us an answer I know that uh the adx

strong trend is above 30 and a weak

Trend typically is above 20. so we'll

make it more lenient and we'll also do

what Chachi BT tells us to we'll shorten

the period uh and uh you know make it

more responsive and hopefully hopefully

that'll get us there so we'll go to the

Pine editor we'll go first down to to

the signal here will make it 20 to give

us you know to get us into more trades

and then we'll change this input length

how about we just cut it in half

and I'll click save and cross our

fingers because there's not much more

left in this YouTube video

come on come on oh we're 6.5 million

we're so close

all right one one final thing we'll see

uh we'll see what happens here let's

change this you know percent that we're

betting to 120. we'll hit save and I

think this is it guys let's see if that

last ditch effort worked and yes it did

we're in 17.4 million dollars not only

did we beat our initial goal of taking 1

000 to over a million dollars we then

had a stretch goal of taking a thousand

over to 10 million dollars let me

crushed that it's 17.4 million dollars

this is a fantastic video in what's

called over optimization and you can use

chat GPT to look that up if you have if

you're not sure what that means but this

video is about two Super Key takeaways

first Chachi PT is here to stay you need

to use these tools otherwise you're

going to fall behind you can be a no

programmer or a novice programmer and

actually back test strategies now you

don't have to just listen to someone on

Twitter and hope and pray that that

works right that's what my blog is about

analyzing Alpha is about finding these

amazing Traders and investors that are

somehow kicking the crap out of the

markets and determining how they

actually did that and now you are

empowered to be able to do this yourself

so this is fantastic and secondly for

experienced Traders it's amazing you

have all of this wealth of knowledge at

your fingertips so hopefully this video

was worthwhile to you I think it was a

17.472 million dollar knowledge bomb

everyone should be using chat GPT in

some way and both in their personal

lives in their trading and I hope to see

you in the next one thanks goodbye