Learn How ChatGPT Trading Strategy Achieved 19527% Profit in This Full Tutorial

By
TradeIQ
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32
343




Turning $100 Into $10,000 with <a href='https://ainewsera.com/how-to-use-new-google-gemini/artificial-intelligence-news/' title='Discover the Ultimate Guide for Mastering Google Gemini AI in 2024' >AI</a>-Based Trading Strategy

I Recently Asked Chat GPT for a Trading Strategy to Turn $100 into $10,000

By [Your Name]

Introduction

Recently, I asked chat GPT to give me a trading strategy to turn $100 into ten thousand dollars fast. It gave me some tips such as focusing on highly volatile assets, using technical analysis, and being disciplined. However, these tips were not specific enough for my liking. I decided to ask it to create the best strategy using an AI-based trading view indicator code that the machine learning.

The Strategy

This indicator is currently going absolutely viral. When I asked for the strategy’s goal to turn $100 into $10,000 in the shortest amount of time possible, it provided me with a detailed strategy. After making some tweaks, I am ready to test it. For testing, I will use the price of Ethereum on a three-minute time frame.

The Indicators

The strategy includes three free trading view tools – the Machine Learning K N based strategy, the EMA ribbon by Dominic Osceleti, and the Relative Strength Index (RSI). These indicators work in combination to provide buy and sell signals based on historical market data and trend analysis.

Machine Learning K N Based Strategy

The machine learning strategy works by analyzing historical market data and predicting the direction of future price movements based on patterns in the data. K N is a classification algorithm that determines the class of a data point, in this case whether a stock price is likely to go up or down based on its historical data.

EMA Ribbon by Dominic Osceleti

The exponential moving average ribbon is a trading indicator that consists of multiple exponential moving averages plotted on a price chart. The ribbon is used to identify the direction and strength of a trend in the market, and to provide potential buy or sell signals based on the position of the price relative to the moving averages.

Relative Strength Index (RSI)

The RSI is used to measure the strength of a security’s price action and to identify overbought and oversold conditions in the market. As part of the strategy, the RSI is made more sensitive to provide additional confirmation for trade entries.

Entry Conditions

The strategy’s entry conditions for a long trade and a short trade are clearly defined and rely on a combination of signals from the indicators. These entry conditions help to ensure that trades are taken in the direction of the trend and with confirmation from multiple indicators.

Back Testing Results

After testing the strategy over 100 trades with a starting account balance of $100, the strategy increased it to $19,527. The risk per trade was set at 5%, resulting in higher drawdowns but also higher rewards. The strategy is suitable for those looking to grow a small account quickly, but caution is advised.

Conclusion

The strategy provided by chat GPT using AI-based trading view indicators shows promising results, but it’s essential to forward test it on a paper account before using it with real funds. The strategy involves higher risk, and caution should be exercised when trading with real funds. Overall, it’s an interesting approach to turning $100 into $10,000 using AI-based trading strategies.

Further Reading

If you want to see more strategies for crypto, check out this playlist.


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32 COMMENTS

  5. Our government has no ideal how we Americans are suffering, we individuals are fed up with this treasonous administration. I feel pity for our country's low income families. A lot of people are suffering from surviving and putting food on the table yet many are sleepwalking!😕

  7. This is vague and really worthless!!!! Made to get everyone jacked up and buying your crap below. Useless!!! Don't tell us what the EMA's consist of in days; this EMA is something that cannot be found on CharGPT or anywhere else. You don't state what charting program you're using. This is anything but a FULL TUTORIAL. You are just another B.S. You Tuber.

  11. I have invested in Graystone VC since Oct 2023 with 28K CAD. They moved me to a compound saving account. The first month I got my interest and was happy. Second month no interest so I emailed my agent about the lack of interest not put in my account. 2 weeks past and no reply to my email text. 3 week I email customer support and my agent. Still no replies.
    So TradeIQ, SCAM COMPANY? 4th week I never heard back. Phone number always busy and no replies to my emails. TradeIQ, you tell me. HAVE I BEEN SCAM!!

  13. Why these people keep funding these trading scams?
    You are feeding these scammers, they sell courses because they cant make any money from it.
    All they do is selling regurgitated knowledge that is already available not real strategies, and it doesnt take a couple of videos to become good at this, you will only loose money

  24. Many wealthy individuals maintain their wealth by adopting frugal spending habits similar to those of the less affluent. They also prioritize continuous investment, whereas some poorer individuals tend to spend extravagantly without focusing on long-term investments, often attempting to impress those who are already wealthy

  25. Many wealthy individuals maintain their wealth by adopting frugal spending habits similar to those of the less affluent. They also prioritize continuous investment, whereas some poorer individuals tend to spend extravagantly without focusing on long-term investments, often attempting to impress those who are already wealthy

  32. Dang…! This look so cool yet unfortunately, none of it works – not now anyway: this particular EMA ribbon is not available anymore and the machine learning indicator mentioned just throws errors…😞
    looks like I actually have to do my own TA…