Boost Your Trading Game with ChatGPT’s Flawless Buy/Sell Signals for SOLANA

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The Rise of Salana: Creating a Profitable Trading Bot

In a span of 2 months, the price of Salana has skyrocketed by 270%

Outperforming Major Cryptocurrencies

Creating a Profitable Trading Bot

Salana’s success is largely attributed to the improved scalability of its blockchain. Its faster transaction speed and lower transaction fees make it an attractive option for investors and retail traders. That’s why I decided to create a fully automated profitable trading bot specifically for day trading Salana with a high success rate.

In this step-by-step guide, I will show you the exact process of creating such a bot and teach you how to make it fully automated so that you can generate passive income day by day. This tutorial will be extremely useful for beginners and professional traders. Just follow along, and you’ll have your own profitable trading bot for free by the end of watching this video.

Dear friends, if you enjoy my content, please like this video and subscribe to Trade IQ for more useful trading tutorials in the future. Without wasting any time, let’s get started.

It’s a must to mention that this trading bot works great for day trading Salana on the 5 and 15-minute charts. Once you’ve logged into your Trading View account and selected the instrument and the timeframe, it’s time to open the indicators.

We will create a trading bot based on one easy-to-follow buy and sell indicator. Not many traders know about this gem yet. The tool is called Multi-Divergence Buy and Sell Indicator by Brutal Trader YT. Let’s apply it to the chart.

Here’s the reason why I chose this indicator for our trading bot. The Multi-Divergence Buy and Sell Indicator is a technical analysis tool based on the concept of divergence, which occurs when the price of an asset is moving in the opposite direction of a momentum indicator or oscillator. This tool uses multiple indicators to spot such divergences, such as Relative Strength Index, Moving Average Convergence Divergence, and Stochastic.

The tool identifies situations where, for example, the price of a security is making new highs while the indicator is making lower highs, or the price is making new lows while the indicator is making higher lows. Based on these divergences, the indicator generates buy or sell signals. A bullish divergence triggers a buy signal, while a bearish divergence triggers a sell signal. Our trading bot will be based on the buy and sell signals issued by this indicator. When the indicator issues a buy signal, the trade will run until a sell alert is received. A long position will be closed, and a short trade opened at the same time.

Now that we’ve identified clear rules for buying and selling, it’s time to code this indicator into a trading strategy. For that, open the Multi-Divergence Buy and Sell Indicator source code and copy the whole script. The next step is to go to open.com or use Chat GPT to code this strategy in Pine Script. The outcome will be the same. Ask Chat GPT to code a simple trading strategy in Pine Script with the following indicator. Paste the indicator script into your message, and Chat GPT will code you a full trading strategy with this buy and sell indicator. Copy the code and go back to Trading View. Open a new strategy template, delete the default code, and paste the script given by Chat GPT. Apply the script to the chart. If you encounter any errors when applying the script, address them to Chat GPT, and it will fix them immediately.

Once you’ve successfully added the strategy to the chart, head over to the strategy tester. Here you’ll see the algorithm’s performance, such as win rate, profit factor, maximum drawdown, etc. Open the strategy settings, where you can modify many parameters. I’ll give you my best settings for trading Salana on 5 and 15-minute timeframes. Change the MACD to 10, long length to 20, and signal smoothing to 10. Set the Stochastic length to 10. Remember, these are my personal settings, and you can modify them as you wish for potentially better results.

In the strategy properties, you can also modify initial capital, order sizes, pyramiding, etc. For example, let’s set the initial capital and order size to $1,000 USDT. Pyramiding will be set to 10. Later in this video, I’ll explain what this does. Once you’re finished adjusting the settings, click OK. Now you can check the strategy performance on different timeframes and securities. As you can see, the algorithm works great for Salana on short timeframes. The winning ratio on the 15-minute chart is over 68%, with the profit factor at 5.4. These numbers are really impressive, considering we only rely on one indicator within a short period of time. The strategy’s net profit exceeded 340%, with the maximum drawdown at 20%.

If you need a more advanced money management system, go back to Chat GPT and ask it to use ATR for setting stop-loss and taking profit. For stop-loss, use 2 values, and for take-profit, use 4 ATR values. Copy the modified script and install it on the chart. You can also add more indicators to the strategy to filter out low-quality signals. Simply copy the indicator source code and ask Chat GPT to implement the script into the existing code. Mention the updated strategy rules.

Now it’s time to show you how to automate this trading strategy into a bot that will automatically open and close trades. The first step is to register a free Pionex account. Open the Futures menu at the top and click on Futures Bot. On the right-hand side, you will see two bot options, Futures Grid, and Signal Bot. Click on Create a Signal Bot. Add a custom TradingView signal, set the signal name and input a description if needed. Let’s name this bot the Salana Growth Bot.

Now you’ll need to visit TradingView to finish signal configuration. Set parameters like an initial capital size, order size, and enable pyramiding if necessary. Pyramiding in trading is a strategy that involves increasing the size of a position in a profitable trade to maximize potential gains. The main idea behind pyramiding is to add to a winning position rather than opening a new position at a single entry point.

Once you’ve done all the configuration, copy the webhook URL address. Go back to TradingView, open the strategy’s alerts, enable the webhook URL, and paste the address you copied from Pionex. Go back to settings, delete the message, and copy the message from Pionex. Paste it into this window, click Create, and return to Pionex to automate the signal with Pionex.

You can automate any trading strategy on TradingView. If creating your strategy is too complex, don’t worry. On Pionex, you can find dozens of free bots that generate high returns. Simply head over to the Pionex GPT Marketplace and choose the bot that meets your requirements.


27 COMMENTS

  1. Sir Malik is a man of integrity. There are no hidden fees or surprise costs when working with him. What you see is what you get, and that level of transparency is truly refreshing. It gives me peace of mind knowing that I can trust Sir Malik completely with my trades and investments. His reliability and consistency speak volumes about his professionalism and commitment to providing an excellent trading experience for his clients.

  2. When it comes to professionalism, Sir Malik is second to none. He conducts his trades with utmost precision and accuracy, ensuring that his investors get the best possible returns. His attention to detail and meticulous approach to trading are what make him stand out in the industry. With Sir Malik, you can trust that your investments are in safe hands.

  3. One of the things that impresses me the most about Sir Malik is his honesty and hard work. In an industry where transparency can sometimes be lacking, Malik stands out as a beacon of integrity. He is always upfront about the risks and rewards of each trade, ensuring that I have all the information I need to make informed decisions. This level of honesty has given me the confidence to trust in his strategies and recommendations.

  4. One of the things that really impressed me about Sir Malik is that there are no hidden charges. Unlike other traders who try to squeeze every penny out of you, Sir Malik believes in transparency. He is upfront about all the costs involved, and there are no surprises along the way. This level of honesty is truly refreshing and gives me confidence in his abilities as a trader.

  5. Sir Malik genuinely cares about your success and goes above and beyond to help you achieve your goals. investors can trust that their funds are being managed by a skilled trader who prioritizes their financial well-being. You're the best Sir Malik, thanks for everything sir

  6. With Sir Malik you can trust that your investments are in safe hands. His attention to detail and meticulous approach to trading are what make him stand out in the industry. There are no hidden fees or surprise costs when working with Sir Malik. His commitment to excellence is evident in the consistent returns he delivers to his investors.

  7. I followed every step you said, put a small amount on the bot and it made a 20% profit so far in around 2 weeks. I am waiting how the bot reacts to big dips. If it shows it can handle big dips, i will put a larger amount into the bot. Thanks man.

  8. I love the shadiness of channels likes this. Its always 'I made the PERFECT bot' or 'Try this WINNING bot'. Yet the code for said bot is never shown or published in the descriptioncomments. When 'adding' this bot to the charts on trade view, the bottom error codes are NEVER shown, leading you to believe that its just supposed to work on the first try. But it doesnt. Once I finally got past all the error codes from GPT (After typing in the EXACT same thing as shown in the video) I was shown a completely different reality to the one in the video. I came out with a 52% profitability rate with OVER 1100 Trades. And then, when accounting for stop loss and take profit the percentage went even LOWER. Where is the part in the video where you say 'watch out' for things like this… Or be careful for something 'like this' to happen if you do this.. Its just 1, 2, 3, BOOM, and magically done . Leave it to channels like this to tell you a bunch of BS to help them get views, worked on me.👍

  9. I successfully went through the steps shown in the video. I automated my own trading bot, and my question is the following. I use this bot in TradingView with my broker's demo account. After completing everything shown in the video, does this bot automatically trade within TradingView on the demo account? Can I close TradingView?

  10. Malik's professionalism is evident in every aspect of his trades. He approaches each investment opportunity with diligence, conducting thorough research and analysis to identify the most profitable trades. This attention to detail ensures that investors receive the highest possible returns on their investments. Sir Malik understands the importance of consistency in trading, which is why he consistently delivers results that exceed expectations.

  11. Malik is highly professional in his approach to trading. He meticulously analyzes market trends and implements strategic trading strategies to maximize profits while minimizing risks. His commitment to professionalism is evident in the consistent returns he generates for his investors. By staying up-to-date with the latest market developments, Malik ensures that his investment decisions are well-informed and based on thorough research.

  12. Sir Soli is the trader with the best trading strategy 💯 I make 8lakh Rs weekly in trading. I appreciate his efforts in assisting beginners to win trades with little or no knowledge about the market and make profits. He made my trading awesome and he's very reliable and trustworthy.

  13. One of the things that sets Zane apart from other traders is his honesty and hard work. He doesn't promise overnight success or make unrealistic claims. Instead, he focuses on providing his clients with solid strategies and guidance that actually work. He takes the time to understand your individual trading goals and tailors his approach to help you achieve them. This level of personalized attention is truly invaluable and has made a world of difference in my own trading journey.