chat GPT write me a crypto trading algorithm that will make me Rich now chat GPT is going to help us make some money today arguably it is the most powerful AI breakthrough in decades transforming Industries changing the way we work and actually today is going to help us make money because we're going to learn how to combine this powerful artificial intelligence with the power of crypto trading Bots having it help us make our trades to make us money it's going to help us set stop losses it's going to help momentum trade and craft the algorithms
that we need in order to align with our Market thesis now I've already been testing the power of chat GPT Unleashed upon crypto trading boss earning order of profit and I'll show you today how you too can get yourself started with this now by the way I need to mention you don't need to know how to code at all like me if you saw my last video I don't know how to code as an ex Google tech lead and this is the beauty of chat GPT you don't have to write the code if you don't
want to don't worry if you're not too technical like me anybody can do this so here's how we're going to do this we'll be using two platforms today one is Pion next.com which has the Crypt trading boss and they've actually integrated GPT in them so there's pionex GPT and beta here and you can use this to actually help craft some of the trading strategies and then we're also going to be using trading view to help Implement some of the signals for the automated trading I'll show you how this works but if you want to get
set up with PEX I'll have a referral Link in the description below which you can use to sign up there will be some bonuses for you and thanks to PEX for sponsoring this video and really helping to innovate bringing chat GPT to their platform so early so here's how it works from P next.com you go to more PEX GPT from here you can tell it to give me a momentum strategy on bitcoin for example and it's going to just start writing the algorithm for us with an explanation of what this does the strategy uses a
simple moving average to determine the overall direction of the Bitcoin Trend and momentum indicator to identify overbought and oversold conditions now we can then modify the parameters too if we like we can tell chat GPT to change the simple moving average length to 50 and it's going to modify those parameters for us without us having to write a single line of code now with PEX gbt they also give us a number of different starting points we can use to craft the algorithms like give me a grid strategy give me a dollar cost averaging strategy or
if you want trailing stops maybe you want a momentum strategy or you want a bowling Dand strategy so there's a number of ways you can start with this to craft the algorithm you want or you can even go to the GPT Marketplace and the GPT Marketplace is kind of like a little app store you could say there's a bunch of these pre-crafted algorithms for you that other people have made and you can actually check their performance as well so you can see you know some of these are getting really good returns like uh this one
is getting like 23,000 per return and we can take a look at the chart and see his performance is head over time compared to for example just holding and we can see this over 30 days 90 days 180 days so you can have all of this stuff back tested as well and then they have a description of what this does so this is the ichimoku cloud that's kind of of a momentum trading algorithm using the highs and the lows you can look that one up what exactly does but if you want to copy trade this
algorithm it's actually very easy you just decide how much you want to invest maybe $2,000 or so what your leverage amount is which coin you want to put in here and then you just start copying it and you can get in on this algorithm too if you like all right so let me show you how you can actually put this into practice yourself though now this one's the ichimoku cloud strategy we can see annualy is doing about 5 24% and we want to actually maybe do something similar so I'm going to come back to chat
GPT and tell it give me an ichimoku Cloud strategy great here's an ichimoku Cloud strategy for you now there's a button here copy and back test on trading view so when I click on that it will take me to trading view which is an excellent charting platform but then you can choose the token that you want to execute this algorithm on I'll choose the fxs token which is the fra governance token and then what you can do is go into the pine editor at the bottom and copy paste the code for that and add it
to the chart and when we do this we're going to see the ichimoku cloud strategy added here and we can see the signals here for when it's going to buy and sell and this is a momentum trading strategy here so we can see that when there's an uptrend then it's going to signal to buy and then when prices start going down it sells for us and so it's able to just catch the transends for us 24/7 365 days a week so we don't have to just keep waking up at night checking the prices all the
time now in order to check the performance of this algorithm and back test it just to see how it's going to perform we can choose the time scale for this I'll do maybe every hour or so and then tweak the settings so I'm doing an initial capital of say $11,000 and we'll do order sizes of $100 every trade or so and so with that we can check the performance of this estimated up 670 since the start of the year your results May Vary of course but this one it would earn about $6,700 and so here
we can see it made 243 trades while we were out managing our day sleeping even 40% of the trades were profitable with a 2X profit fact Factor so that's how it made the gains there was a 1,000 usdt draw down so this is important to know is how much it went down and how much we have to prepare for in the case of risk and then there's an average trade profit of 27 usdt we can see in the chart here when is making the buys and sells the position sizes now the next step is if
you actually want to put some real money on the line here now that the back testing all looks good see how it actually performs in real life then you can actually bring the strategy and execute in PEX so the way you would do this is there's actually this alert button here with a notification for a web hook URL and what you would want to do here is you can come into PEX and create a trading crypto bot that is a signal bot so the signal bot is going to trade based on trading view signals so
we'll give it the name like ichimoku fxs click continue and it's going to give you a little tutorial but you take the web hook URL you copy this and then you paste it into the parameter here for web hook URL and you may need a trading view Subs description if you want to implement this otherwise you can just get like email alerts and other notifications for this there's like sounds and email to SMS notifications you can get but then you take the message parameter here so these are the arguments come into settings paste that we
have the condition here trading on the ichimoku cloud strategy let's give it a name like ichimoku fxs alert click create and it's going to create the alert for us and now that we have this here then we can create the bot here click confirm use this signal and then we're going to just choose the parameter here so this is going to be against fxs and we're going to choose how much we want to invest so for this you know start small right just to confirm that everything's working and when things are starting to work you
can increase your position size and this a great way to just explore and have fun with various trading strategies then we create the bot pretty fun click that and it's got our trading bot all set up here and with that it starts to automate the trading of this algorithm generated by chat GPT and here we can see the transactions it's going to be doing the signals that it's set up with the history the margin that it may have and you can stop the bot any time that you want and just modify the parameters if you
need to but I think I'll keep this one running and just check the performance see if it's able to generate any profits for me here so you can see how exciting this technology is because you can actually do crypto trading here with your completely custom algorithms that you can have chat GPT help right for you and exactly craft the strategies that you want and then actually execute on the those trades in a completely automated fashion where the bot will help Monitor and guard your positions for you so that you don't have to be monitoring breaking
news all the time you can rest a little bit easier you don't have to be glued to your phone all the time and it's going to probably save you some money because it's going to just help you get in and out of positions much faster the bot is just always watching the markets for you not to mention you can do much more than just buy or sell right like you can do so much with these cryptocurrency algorithms you can trade on the sideways of volatility and cryptocurrency tends to be volatile so if you think we're
going to be range Bound for example we're going to be moving sideways for a while you can set up a strategy maybe a bowling or band strategy that's going to trade within that range for you and take profits As you move sideways and so that unlocks the ability to make money even in sideways moving markets or even in bare markets now you can also come through this gbt Marketplace and just take a look at some of the pre-crafted strategies and this may be a simpler way to get set up because these are strategies crafted by
people who may be a little bit more experienced in this and it requires much less technicals on your part and so for example we can take a look at another one here this is the Binger band's breakout actually based on chat gbt and so you can see the performance here back tested 30 days a yield of about 10% within that period and annualize to 124% APR which would be fantastic and you can see the algorithm is going to basically just stop trading when the market is going down the algorithm is just flat during these times
it exits the market for you but then when there's a confirmation of an uptrend in the bull market it re-enters the market helping you lock in those profits it used to just be highfrequency traders who used to get these spots and who could do such Advanced back testing and check their performance but now anybody can do it I'll show you another strategy that I quite like which is momentum trading so momentum trading basically just uses like simple moving averages and it trades on momentum which is a simple but very effective strategy sometimes I believe like
some of the most successful Traders were Turtle Traders just traded on momentum so here I'll ask it give me a momentum strategy on bitcoin and so chat GPT will write one up for me go to the Pine editor let me copy and paste this add it to the chart and we can see the trades that it would be making and to back test this let me set the initial Capital to 1,000 order size of maybe $100 or so and we can see it would do about 473 per returns within this period but basically we can
see when it's making the buys and sells and I think this is pretty interesting because right before this big move move up right there was a big bull market coming in here it noticed that change in momentum and it put in the buy order right before that big move up to help us bring in those profits now we can also see how this can protect us and Market crashes as well so here there was a big move down and it noticed the change in momentum and who knows maybe some random news broke out on Twitter
people started panicking and maybe you were sleeping well this bot here is working even when you're sleeping and it was able to close out our positions right before that market downturn and so I think this brings professional exciting trading tools to anybody and you can integrate any part of this workflow into your trading strategy like you can integrate just the trading algorithm and just Monitor and do the trades manually if you like or you can even go fully automated with the trading Bots or find one of the trading Bots already on the marketplace and copy
trate that and of course diversify your strategies start small and then as you build confidence you can increase your position sizes and back test that performance and with that hope you learned something new today check it out and let me know what you come up with we got some exciting tools to play with now if you like the video give a like And subscribe see you in the next one thanks bye
