I used Chat GPT to create a 98% winrate strategy: works at all times : Forex & crypto, stocks market

Summary

In this video, the presenter shares an impressive trading strategy with a 95% win rate, utilizing an indicator based on the RSI to signal optimal buy and sell opportunities. They detail how to interpret these signals, highlighting profitable trades and emphasizing the importance of confirming entries with price action indicators. By filtering out fake signals, the strategy demonstrates consistent profitability. Viewers are encouraged to join the presenter's Telegram channel to access custom codes for the indicator, promising further enhancements and strategies in upcoming videos.

Takeaways

• 📈 The strategy has a win rate of over 95%, making it highly effective for trading.
• 🤖 The AI-generated indicator provides accurate buy and sell signals based on RSI levels.
• 📉 The RSI is used to identify oversold (below 30) and overbought (above 70) conditions in the market.
• 🔍 Longer RSI stays above 70 before breaking downwards indicates stronger sell signals.
• 🔼 The strategy also includes setting stop-loss levels to manage risk effectively.
• 💹 Multiple successful trades showcased, demonstrating various risk-reward ratios from 1.5 to 17.
• ❌ The strategy aims to filter out fake signals by using a secondary price action indicator.
• 🟢 Demand zones and supply zones are identified to confirm trading signals before entering a trade.
• 📊 A total of 15 trades were opened in the demonstration, all closing profitably, indicating a 100% win rate.
• 🔗 The indicator code can be accessed via a Telegram channel link provided in the video description.

Q & A

What is the main strategy discussed in the video?

The video discusses a trading strategy using an indicator developed with the help of ChatGPT, which gives buy and sell signals based on the RSI (Relative Strength Index) at overbought and oversold levels.

What RSI levels are considered for buy and sell signals?

The strategy defines the oversold area as below 30 and the overbought area as above 70 on the RSI scale.

How does the strategy enhance the strength of sell signals?

Sell signals are strengthened when the RSI remains above 70 for a longer duration before breaking downwards.

What are the risk-reward ratios mentioned in the video?

The video presents various risk-reward ratios, including 2:1, 2.5:1, and even up to 17:1 in some successful trades.

What is the role of the additional indicator introduced in the video?

The additional indicator, which identifies supply and demand zones, is used to filter out fake signals and confirm entry points based on price action.

How many trading positions were analyzed in the video, and what was the outcome?

The video analyzed 15 trading positions, all of which closed with profit, resulting in a 100% win rate for that period.

What is the importance of the support and resistance zones in this strategy?

Support and resistance zones help confirm the validity of buy and sell signals; a trade is considered valid if it coincides with these zones.

How can viewers access the custom indicator codes mentioned in the video?

Viewers can access the custom indicator codes by joining the creator's Telegram channel, where the codes are available for download.

What future improvements to the strategy are hinted at in the video?

The creator plans to combine the current indicator with other indicators and utilize ChatGPT to optimize the strategy further, aiming for a higher win rate.

What type of market does this strategy primarily focus on?

The strategy is demonstrated using Ethereum chart signals, suggesting a focus on cryptocurrency trading.