Creating a Profitable Trading Bot in MetaTrader with ChatGPT!

you can start your presentation so I am recording again now hey everyone this is Casey David thanks for having me and really appreciate it um today I'm going to be talking about how to create your own trading robot with chat GPT uh it's really pretty amazing I built out my can you guys hear me okay because I got a comment from Jonathan saying you can't hear me I built out a robot in a very short period of time uh and I have been trading for a long time but I've never been able to figure out how to code because wow it's just so complicated so I'm just gonna run through I'm going to I'm going to show you the basics and then what you're going to do from there is you can play with it on your own because once you start playing with it it's just a lot of fun um it really is so um so I'm gonna just kind of run from the beginning and the thing about this is it's just fun with whatever you're doing since I got connected with this I've been using it for so many components of my business for my trading for helping me put out content for helping me write emails for helping me write articles for helping giving me ideas I mean you can lit the the the thing is everybody's gonna start using AI the way that we are going to be able to take advantage of AI is whoever uses it the most effectively because if everybody's going to be using it it's like well where do where's my skill set going to come in is it going to steal everybody's job is like how if the computer knows everything how will I play a part in this and the way that I've been thinking about this a lot because I was a little nervous it's like oh my goodness you know I put out content for a living I teach people trading if the robot can do this if Chad GPT can do this what do they need me for but you have to kind of think okay how can I effectively use this and how creative can I be in using this great tool and so um take a look at how this works we'll just go through and set it up so the first thing is you just Google Chat GPT and it'll take you to this page here and you have to have an account so you just if you haven't created an account you do that it takes a minute to do but you just click try chat GPT and it'll put put up your home page right and so you just basically tell this what to do so it says got any creative ideas for a 10 year old's birthday how do I make an HTTP request in JavaScript so one thing I you know my friend my friend did it for something really kind of funny is him and his wife were going on vacation and uh she wanted to go skiing and he wanted to go tubing and you know you could always do both but he just said give me 10 reasons why tubing is better than skiing right and then chat GTP will go ahead and give you 10 really good reasons although it's not working right now and so that is one of the problems I was concerned about is because sometimes if it's really busy it might not be working uh so you have to just keep trying so it's just because it's been so popular and everybody is uh is trying it so I'm going to try one more time here and if not I can show you some of the stuff see it says uh it I can show you some of the stuff I've already built because I've already built these robots and I can show you how to do it uh so just a couple of things that I've used it for too um here we go so I also so now it's giving me the 10 reasons I I hire I have a podcast called the how to trade a podcast right and I needed an editor for my podcast and so I needed to write a job description so I said write me a good job description for a podcast editor and so boom it wrote me the job description then I'm like okay I want to make sure I hire a great editor so I said chat gbt write me 25 questions that I should ask a potential hire for a podcast editor and then boom it came up with 25 great questions and so I was able to get this job post done in literally two minutes normally would have taken me a lot of time and research so I was able to accelerate my time by 10x just and I was able to hire an editor really fast okay and so the same thing will happen with with some coding stuff right so we can even come up with trading ideas trading strategies I mean just the you just play with this more and more and uh it it just it's really helpful okay so so what we're going to do now is we're going to do a very basic computer program so I'm going to show you you can do this for trading View and you can do this for any trading platform you just have to know the language that you're going to be using and you need to know a couple Basics about how to to use it so I'm going to show you um how to use it for mt4 because that was the one I was playing with I was also playing with trading view we got trading view here you just click Pine editor and you just tell them how to do it in Pine script and then I have mt4 right here then if mt4 you just use this compiler tool here and it brings up it brings up the the coding section right so I'm just going to close these and I'm going to do a new one so I'm just going to show you how to do it so we're going to go new and some of this stuff you have to kind of watch the I had to watch a couple YouTube videos to figure it out but new expert advisor and then I'm just going to call this the chat bot right chat bot chat GPT is going to teach me how to make a bot so I'm going to call this the chat bot and uh then now we have the code here and so it comes out with some code but you're just going to delete all the code okay and then you have a fresh start so now I'm going to go back to uh to chat GPT so let's do this together let's do this as kind of like a a joint project here what indicator would you want me to create a trading program what indicator do you think and let's keep it simple but what indicator do you think would be a good one that we could play with what do you guys think go ahead and let me know in the chat any if we get any ideas okay uh so we got a couple here let's see if we can throw out a couple more okay so right now we've got moving average right and so that's a really good one um and so I'm getting a couple other good examples too smart money macd V WAP CCI so we've got a lot of good ones I'm gonna stick with the moving average because I want to keep it very simple right we want to keep it very simple so you got to remember Chad GPT is going to write all the code for us but we have to still tell it what to do now you can you can get really Advanced with this but I'm just going to break it down really simple to to because as you develop your skill in this you can learn more things but we could start out with a complex one and say write me a profitable strategy with uh three indicators right and then GP chat bgt will come up and do the whole thing me because I know a lot about trading I know a lot about strategies I want to be a little more specific and so we'll just start by saying um we'll say write a trading program using metatrader4 okay mql4 language that opens a trade when price closes above the 10 EMA okay so we also want to give a couple other things right because we need to tell it a couple other things like we want to say uh include a stop loss of 200 Pips and a take profit of 200 Pips okay so we're going to do that and then we will say make the trade size so we want to tell it how big trade size to be 0.1 right so we're going to just do the trade size at 0.1 so it's gonna now we tell it to do that and it's going to think a little bit and it's going to come up with the code for us okay so while it's thinking you will want to go back and make sure that you have everything set up in your platform properly which we just did and so we're going to take the code that comes up and we're going to throw it right in here okay and so what you're going to be able to understand is sometimes so this isn't perfection remember this tool is brand new okay this tool is brand new but um it's going to get better and better all the time right it's going to get better better all the time so this is really complicated but really what I've found out is I've only I literally I told people I was going to do this so I'm making a confession here David asked me what my topic was and I'm like I got to learn this chat GPT so then I was really busy and I was like oh man I got a presentation and so I just started playing with it for the first time this morning so I confess I'm a procrastinator but I was literally only playing for for with it for about an hour and I got the whole thing figured out and I had a working program in just an hour okay and so that's why I have a little bit of confidence doing this because I was playing with it for a while so there might be some errors in here okay so we're just doing a a quick program and so we're uh we're gonna copy this okay and then now we're gonna go through and we're going to post paste the code right here okay so the code is now pasted into the chat bot and so in order when you're programming you have to do something you have to compile it and turn it into a program so that it actually so the the software will test it and I didn't even know this I learned this today and so we just it goes through a debugging process so we click the start button okay and actually so um so now it actually pulled this up here and it looks like it worked okay and so now we're going to turn it on all right and so now it looks like it um it already took a couple trades here on my platform so let's take a look let's add an indicator in here to see if if it's working properly and what we do is when we test it we're going to put 10 EMA on here uh when we test it we're gonna have to find out if it's actually doing what it's supposed to do right so we're going to put on the moving average we're going to put on a 10 EMA and we're gonna see if it looks pretty good okay so now uh if we can see you can see that it price is above prices above the 10 EMA right and it just opened a trade automatically as soon as this happened now it looks like it opened a couple different trades so maybe that's a problem with the code that we need to fix okay so we can go back and say make sure it only takes one trade at a time uh so you know you can see we have our stop loss in place we have everything here okay so let's now go back to the code here and uh it it did everything it looked really good it no errors everything was perfect but we still want to play with it right so let's think of something else that we want to add and and it gives you if you want to learn some things about coding right we can just ask chat GT some questions we can say something like um what does the order send command do so we'll just ask chat GPT and it'll teach us what does the order uh send because you can see it says order send right here Order send command do and chat GPT will tell us so you can kind of understand what the code is okay so it's just going to tell you the order send command is used in metatrader4 to send an order to open a trade on the market it's used to submit market and pending orders as well as to modify or delete existing orders so now um now it uh it's telling you how this symbol works now I just saw from David in the in the chat saying that it's at capacity you just keep trying it if it's at capacity one thing that I've learned here they said they're going to upgrade their servers but if you do it like at an off-peak time it helps right like do it in the evening or in the early morning or something so here it's just giving us some some different um instructions on how to use this Command right but now now let's go here so we already so I already have a program that's running and working um and I'm actually going to shut this thing off because it's going a little crazy you notice it's opening up many trades and I'm going to pause that because I don't want it to open up 50 million trades so I'm actually going to go in here it looks like they're in profit some of them so I'm I'm going to close these manually because I'm I'm up 36 dollars so that's pretty pretty cool I'm just making money with my they say to do this on a demo account um and I for good reason because you never know what the robot's gonna do but I just made some money playing around with this okay so anyways uh what we want to do now is give it an additional command so we want to make sure that it only takes one trade per signal so because it just took 50 trades so I'm going to say um modify the code to take only one trade per candle or actually how about this only take modify the code so you got to think it makes you still have to think right you have to think about what you want to tell it to do so I what I wanted to do is to only take the first signal so I wanted to tell it to take the first the first time it closes below um and only one trade so let's see if I can communicate that to the computer to tell it how to do that so then you'll say modify the code to take only the first time it closes below the EMA um it closes so it's going to work for a closing above the EMA and also closing below the EMA um so I want to see I got to think about this because I how do I word this so let's just say um let's see so I got some suggestions here so David says how about only take one trade in a longer time candle or need a stop before opening another trade right so um how about this modify the code to only have one trade open at a time okay so we're gonna do that see if it can do that so that way um that way if it's not going to do what we just had okay so now it's coming up with the new code here and so I started this I think I started around 12 o'clock maybe I started a little bit early we're only 15 minutes in and I've already done a complete program in less than 15 minutes right and this is me not really knowing what I'm doing and um so you can see the benefit here because the way it is right now everybody has to go out and hire a coder right you got to hire somebody to do this for you and so now you can do this on your own and you don't have to worry about uh hiring someone right it's still going to take a lot of trial and error but you can see the benefit for this and so it doesn't matter what program you're using if you're going to use um metatrader if you're going to use tradestation if you're going to use trading view any any particular trading platform that will that has coding ability you're going to be able to do this okay now this is obviously a lot more complicated and I honestly have no idea I have no idea I had no idea that that one little thing was going to add that much code okay so I'm going to read what it says here so it says this moduscript file script uses the M metatrader4 mql for language when the price closes above or below the 10 MMA but with the strip restriction of only having one open trade at a time to achieve this the variable ticket is added okay so it's just kind of teaching you how it was doing it it says a new two new blocks of code were added to check for an open trade and close it before opening a new one hmm so I don't know if that's exactly what I'm going to want it says too new to check for an open trade and close it before like I don't necessarily want it to open and close trades I want it to keep that trade open so we're going to have to test this um we're gonna have to test this and see if it's going to work it says it's important to know that this script is a basic example and it'd be good to optimize it and add more features according to your strategy and risk management right also before using this script on a live account it should be thoroughly tested on demo so I didn't follow the rules there I'm actually it's a very tiny account though so it's not too bad so let's try it out though let's see what happens okay um so we're going to copy it and we're going to now paste it into so I'm just going to delete all this code and so it was 41 lines and now we're up to 62 lines okay so now we have a lot of code that we just added we just added about 20 codes so now I'm going to click this stop button here and we're going to see if uh if this is working okay so now this is good because what you're going to see is that there's two errors here there's two errors so I'm going to I'm going to go down here and I'm going to copy I'm going to copy these errors okay and I'm going to tell chat gbt that there was errors and he can he or she I guess the the ai's general neutral um so we're going to just say um we're gonna tell them that there was the errors okay and we're going to tell them that it was on line 25 and line 44. um air was on line 25 and 44. please fix this error all right and so we'll see what happens now okay so now we're going to go through this code so again this takes some time um and so we've been playing around a little bit and it's definitely it's not like um the perfect solution but I think that this is going to be a great solution for a lot of people and I like it because it kind of puts it puts more tools in the average Trader's hand right so I want you to be thinking about this right I want you to be thinking about your own trading what's your strategy what strategy are you using right now and do you think that you could uh could you add hard rules to it and make it so that you could code this right so there's going to be a lot of opportunity for um for all of us for people that are here that might not have coding experience an opportunity for me opportunity for you and again it's going to be on how creative are we going to be uh in using this tool how creative are you know the tool is going to be out there anybody's going to be able to use it and so that's kind of I think that's going to level the playing field and so for some of us that might make us a little nervous but at the same time we now whoever's more creative with the strategy will get there okay so David just said his strategy is only losing money well David okay you could take your strategy and code that into chat GPT and then work with it until you tweak it until you can make that strategy profitable right okay so now um it's telling me why that error message was there the error message you got was due to the fact that the order closed function requires more parameters to be passed in order to properly execute so they're kind of giving you some stuff about coding and you know and if you do do this you're going to probably need to pay attention to these messages and learn a little bit about coding uh you know you're because and you will automatically I think what's going to happen is when you start playing around with these you're gonna find oh I see what it did I can just change this You're Gonna Learn just through the process of doing um and it's not maybe not quite so overwhelming because you can do some very basic ones so I'm gonna just test this right now and we're gonna try it again so I'm gonna put this in here and see if it fixed those errors okay so we're gonna try it out so we're gonna see if it fixed the errors and it did look at that it fixed the errors because when it pops up like this it fixed the air so that's kind of cool right it's I mean it's not cool that it had errors but you know whenever you could ask a coder or a programmer whenever they're doing something they will have some errors they're they're definitely going to get errors and so um it's going to be very good it's it's good right so we're just going to click ok now I'm going to put it on here and I'm very curious to see if this is going to work so I don't have anything on so I'm just gonna turn this back on and we'll see if it works here um and it's got a little error here oh I have to click allow live trading if you see that if you ever do this so there we go and there it took the trade okay look look at what's happening do you see this it's um and I'm losing money by the second it's uh it took that order command and it looked for a new trade and then it closed another trade so if we go back so you know this thing is it's Ai and it's smart but it's not obviously you still got to tell it what to do there's still going to be some things if so if you remember back here I was questioning this I said oh I wonder it's going to check for an open trade and close it before opening a new one so it didn't quite understand the idea um so I'm going to see if we can adjust this give it so I so it might have been my fault I gave it the wrong code I told it to only open one trade at a time and it's like oh okay well we'll open one and then close it and open again but how about if we say this program it to only have one trade at a time and do not open another trade until it hits the stop loss or take profit so let's see if we can try that and if you guys have any other ideas on a way that we could communicate that to the to the computer let's see if there's a better way but I'm going to just say change the code change the code to allow our two um not open a new trade until the stop loss or take profit is reached is yeah that'll work uh let's see if that and uh please post and I I don't know about you I'm a person that has manners and so I still ask I still say please to the AI I don't know if that's makes me really silly or what but I do I I even tell the AI thank you I I just I don't know what's wrong with me um please post the entire code below [Music] all right so now we're going to adjust the code again okay and you know this again so it takes some time so it's not like this is going to happen right away um but there's 60 lines that it has to do but it's still it's pretty cool right I mean I I've I'm pretty excited about this and um I have I think it wouldn't take too long to really get what you want and then you could back test and forward test and get this program to do what you want it to do okay and so no matter what trading platform you're using you're still going to have to kind of learn how to use the platform I'm just giving an example on this one on how to do it and so um I think that you're still going to have to there's still going to be some work involved but it's a way less than trying to learn the language because look how complicated this code is I mean uh the code was really complicated and so now I got an error okay I got an error so I'm going to take that old code I'm going to take the old code and we're just going to create a new chat and see what happens so I'm going to just say um we'll try one more time and actually what I'm going to try to do is I'm going to say take this code and convert it to Pine script for trading View right for trading view so we're going to now take this code and see if we can convert it for trading view let's see what it says okay so I posted the code okay so here's an example of how the code could be converted to Pine script for trading view now we Nest don't even necessarily have to convert it either you could just take this code you could just take the rules and put it in to mq into chat GPT and just start over from scratch maybe that would be easier than trying to convert code so again there's more than one way to get something done that you want to get done but um but you kind of get the idea here right so it's going to be up to us to give better instructions and to really think but I want one of the things I'm just trying to really get everybody to kind of grab a hold of is to be thinking big picture on your Trading okay is if you're trading manually right now and there's a way for you to turn that manual Trading and and I'm just going to stop this because I'm I'm gonna play around with that other program first but we can take this copy it and then I can go plug it right into my trading view platform which is right here when you do that you click Pine editor okay and you just plug it right in to trading View and then you'll see here there's a publish script button so we can do this with trading view as well and if you need some you know you can build a lot of different things you can build screeners you can build strategies you can build indicators there's just really the potential is is huge with this right the potential is absolutely massive here so I'm going to take um I'm going to take this code again and I'm going to post this in and we're going to we're going to test it okay let's go back up here and I'm going to stop this code and we're going to keep adding some features here just because I you know I just want to show you guys how the kind of the whole process on how this would work from beginning to end so we're going to just throw this code back in and we're going to say um do not all right change this code to only take a new trade when stop loss or take profit is reached so and now it gives me another error okay so you know this is just part of the issues with dealing with a new program um change the try it one more time and you know it's good that you're seeing me do this so you can know when you're getting some bugs when there's some error change the previous code two uh only open a new trade after stop loss or the take profit is reached see if we can get it to to work all right so there we go it's working all right and I'm just going to double check the code here I'm going to double check the code make sure that it's the same SO trading room to our trading program let's go back to chat GPT and uh so I'm just curious with everybody in the chat here uh what are some things that you think that you could use this tool for how many of you have played with this already let me know and also what are some things you think that you could use this tool for I'd be really interested in the chat just I'm just trying to get some creative ideas here uh for everyone because I'm I'm you know I'm using it for a lot but uh my son is 16 and he was using it for something yesterday and uh honestly like it's kind of funny because he's like in school and it's like you could go in and say write me a report right write me a report on you know whatever and the thing will write a report the thing is here's the thing right about you know my son if he's 16 and he turns in a paper that sounds like a graduate student from MIT wrote it the teacher is going to be like this kid ain't that smart I I should you but then you could probably do Chad gbt write me a report and then uh make it sound like I'm in 10th grade use a 10th grade level and you can say make it more conversational you can adjust it you know add a few uh gbt add a few typos right just to make it seem like it's from a student like so there's just you know you can play with it a little bit and have a little fun with it right Daniel or David David said that would be cheating and you're right just because we have the ability to do it should we do that right I'm actually going to school right now too and I'm not gonna cheat I'm just not um I could well I'll cheat I I will I will let it help me with research and I have done that I've let it help me with research um right and so it's really good so I was I did a live presentation at my local church yesterday and I was using an example uh for I had just some some illustrations and some examples and I needed to do some research and I was using chat GPT to help me with my research right so I was like okay help me find these there's seven Bible verses in the Bible that talk about this how could it could you find those for me and it did I was looking for the USS Midway which is a big aircraft carrier and I said Chachi PT how many members were on board the USS Midway and it came up and said tell me some of the jobs that they had on the ship and so there's lots of there's lots of different things that you can use it for okay so the code is done so let's see if we got we how we did here um so yeah you looks like sound like you guys are coming up with some ideas well Kent I love Ken's idea about creating a hedge fund that would probably be like a series of uh yeah so David I'm just I get sidetracked easier uh a hedge fund would be a bunch of um you could maybe program many winning strategies and plug it in and kind of create a hedge fund which is very ambitious and I like it a lot that's great uh but David was saying uh pop was on U.S Bamber Bay I took a tour a couple years ago I went on the USS Midway and man it was just so cool I loved it so much um just because it's like a it's just it's just it was fantastic all right so we just ran this code here and so we got a couple errors so we're going to say we're going to now tell chat gbt about these errors we're gonna tell chat GPT about these errors so we're going to go through and so let me uh let me just remember what the errors are and I'm going to say um there was was the following errors all right uh there was a take I'm just gonna try to copy these Ctrl C on line what line is it it's online uh 45 okay and then we're going to get this error and then there was and also on line 45 uh it actually gives you the column too line 45 column 60. and I'm going to put all of the errors at one time uh just because I don't want to have to go through all of the code and do it separately because it takes a long time so we'll just say and a warning uh uh on line 47 column one okay and there was uh so we'll just try that out and then there was two more okay so I'm just gonna say um we'll just copy them both here let's copy them both at the same time and yeah this is a little time consuming maybe a little boring watching me type in code here but I just kind of want you guys to get the the idea here um just get the idea on how this works I'm just kind of taking it slow um I want you guys to be able to start playing with this on your own and I used the I had asked for some feedback but I want you to be thinking not just in trading but in anything you know um whatever you can actually think I I I used it for I use it for emails like hey um I need to send out an email headline give me seven email headlines that would work for this topic um please fix them and add the entire code below you know come up with a you know whatever you need um whatever you need uh so let's see so we got a good question here from David David and Jim does trading view require translating mq4 code to Pine script no no it doesn't so what you would probably the best way to do this for trading View is to um to bring up your trading platform here and I've never we'll try one here in a minute let me try trading view after this is over because I haven't done this so we'll see what trading view does but we're just going to write this the code um is Pine script on tradestation uh uh no tradestation is like C C I forget easy maybe it's easy language I forget the language on tradestation I've I have coded some stuff on tradestation before but I forget what the I didn't code it I had someone code it for me um but um it's easy language okay yeah so uh so David I'm not sure what your question is your best advice for a strategy well David uh I would probably say whatever strategy you're using now just try that and keep it simple right just try it and keep it really simple because you're with when it's a computer program you have to tell it exactly what to do you have to tell it everything and so like you notice how it opened up multiple trades for me like I actually had to tell it that because I had to tell it to stop doing that because it didn't really know what it was happening so um you know we got to be very specific with this stuff okay so it looks like it's done and we're going to try it again and see if it fixed those errors it'll be really cool if it did so we'll pull this up and we're gonna copy this code Let's uh delete it copy and let's see what happens all right so it's got a couple more errors again so I'm not going to play with this now just because it's getting a little bit long so now what I'm going to do is jump over and we're going to try a pine script one we're going to try a pine script and we're going to try let's uh so I'm going to close this let's try um let's try RSI so I've got an RSI here and let's move this down to a lower time frame okay let's let's do a reversal strategy let's try a reversal strategy okay so we're going to do we're going to click new chat and we're going to say create a trading strategy using pine script for trading View okay then we're going to say um when RSI 14 period gets uh closes above um 70 open a short a sell trade of one uh of one okay when RSI 14 period closes below 30 open a Buy trade with a size of one um only open one trade at a time and do not open another trade until it reaches um the stop loss or take profit okay so we're going to try that out and see what it see what it does for us okay so now we got now we're using pinescript and it starts out with the variables here it's so you can change the variable in the code too so one of the things that you'll learn oh and I think I forgot to take profit but it added it automatically you see that that's really interesting so it has a stop loss equals 0.05 take profit equals 0.1 and I forgot to add that so but we could go in once you have understand how some of this code works you could change it so let's say we have the 14 period we could test that with a 21. or you know you have your talk take profit at 10 you could change it to a hundred right and so um all right well here it is and it says the strategy so they didn't kind of summarizes it uh this strategy uses a 14 period RSI relative strength index to determine entry points if the rrsi closes above 70 a sell trade with positions opened okay and I didn't even tell at the stop loss so I'm going to actually change this code here let's do oh I can I'll have to put it in here so I'm going to copy this now and then I'm going to paste this into uh to the Pine script so we're going to do um pull this up a little bit so we're gonna just do this I don't know what though what that code is but I'm just going to get rid of it okay so here's the code now and so what we're going to do is we'll publish it says the active chart doesn't contain the study okay so now I think we have to add it to the Chart so we're going to add it to the Chart did that work um could not find a function or reference for RSI so I have an RSI on here um so I so this I didn't play with this in advance like I did the mt4 one so I would have to go in watch a couple YouTube videos kind of figure out what I need to do here um in order to fix this error but I could actually ask chat GPT to see what it says here um see if chat GPT uh uh let's see what chat GPT says about this error um that's the fun thing about it we could watch a YouTube video but we could also ask it um we got an error and you can so I would always recommend to kind of think the whole thing through ahead of time so you know all the logic because programming is all about logic and this will help you be a better Trader too right this will help you be a better Trader and let's see what changes here the code is a lot shorter here ah okay this is interesting so it looks like there's an error because the RSI okay because the RSI function is not a built-in function so you might have to build the function itself and so for people that know anything about coding is uh you have to you have to um Define certain functions right so if RSI is not a function in the script you have to tell it what RSI is so we can try and see let's try and see what happens uh so David is you're not able to um you're not able to get access to chat GPT right now is that what you're saying okay so uh yeah so that didn't work we'll keep playing around with it uh one other thing so so let's ask um let's ask a question here so someone said Can code be written oh you're talking about your Trading well you know what David this could be the tool that helps you right this could be the tool that helps you okay um and I can share a strategy here real quick that kind of that I like and I've been playing with it works out pretty good but uh there was a question here that said Can code be written to trade candlesticks patterns so let's try this can you can you create code in meta Trader 4mql4 language that trades the PIN let's cut the Morning Star morning star Candlestick pattern so I don't know the answer to this uh whoever asked this question two zero zero three six I don't know the answer but we're going to find out chat GPT is going to tell us and so you see it's taking some time to think because that trading Candlestick patterns there's a lot more complicated for coding than um than indicators usually beginning should trade with um they should trade with indicators right uh at least in the coding world because it's very simple they're very simple to code right um Candlestick patterns you have to do a lot you have to really teach you have to really teach the the program what it's doing and so it's having some problems with this one maybe it's trying to figure it out and as the as the chat GPT gets smarter and smarter and smarter it's going to get more capabilities right you're not going to necessarily have to teach it step by step because it's going to learn from what I understand the longer uh the more that this is doing this it's collecting more data and so right now this is free but this is a research preview I believe they're going to start charging for this right so I think they're kind of just releasing it as a beta getting tons and tons of data um and then they're going to be continuing to improve it and um as as it gets better it's going to improve you're not going to have to there's not going to have to be as much step-by-step instructions and things like that um and so you still have to give it a lot of specific language and things like that but it's very good for um for um giving you ideas helping you come up with ideas so like I could do something like um I'm bored give me five fun things I could do today right and so you know I'm not that creative and it's really slow right now so maybe the Network's overflowing here but you know oh have you ever been in a situation where um have you ever been in a situation where you just don't know what to do it's like I can't come up with any ideas what can I do what can I do uh and so this will help you with that but I'm gonna I'm gonna just we're gonna close this down and I'm gonna try one more thing because I'm getting close to out of time here we're gonna try to reload it um I'm bored can you give me five fun things to do see if it comes up with anything okay so it's just really overloaded right now but uh when they get the paid version it'll probably be a little bit better um but yeah it's pretty good I think there's a lot of opportunity here um and I recommend that everybody check it out if you're not going to use it for coding or for your trading you could still use it for other stuff but I think using it for trading is really just smart I don't see why anyone wouldn't do it um and I really think it's pretty cool so you just have to Google it David to find it just say Chad GTP and you'll get a Google link and you know as far as that's going to be it for today I'm going to share I got just in case you're interested I got a an e-book here that is a prop trading strategy so I'm just going to throw that in the chat if you guys want to get if you guys want to do prop trading by the way you can use chat GPT to create programs that will help you with your prop trading but you can get this free guide that we've prepared for you or also you can check me out at my website and listen to my podcast I have been talking to a lot of good coding people lately tradingstrategyguides.com uh and so you can get a lot of good training there and check out my hot podcast David posted the link in the chat so uh hopefully that was that was useful and interesting uh let me know if you have any feedback good bad or indifferent I'm always interested in getting some good feedback so um yeah thanks a lot and um really appreciate everyone's time today all right thanks Casey that was that was great that was really interesting thanks David you you've got a lot of stuff you can use that for because I know how busy you are oh yeah yeah I was playing around with it um I was having it write the essays about history another day yeah how accurate were what how accurate was the content because I know you're a history yeah it was it was not um you know probably not the quality that could pass like a real academic um standard but it was it was pretty interesting how you know I was having a not just academic type essays but I had to write an essay about historical battles in the form of uh like a literary narrative or a fictional narrative and uh it was pretty interesting we're gonna see a new book from David here very soon hahaha well um yeah those books I self-published was that the first one was actually 10 years ago today that was my was my launch so um I did that one about T and then a couple about his history stuff so that's pretty cool but yeah now you could you know turn those out with chat gbt and a few hours yeah you just gotta you know verify the content because there was a couple things that I said in the writing they I said are you sure about that double check I think that you're wrong and then they went back and said oh now that I double check you're right thank you for pointing that out to me yeah but for drafts uh drafts of stuff it would be very very helpful and research like you were talking about yeah all right well thanks again I really appreciate it oh I was gonna say I think they have uh there are other tools now I haven't played around with any of these but other tools now that can detect you know if something was generated by AI right it's almost like it's I don't know how they do that but it's it's like if I guess if the writing is so perfect like I know I don't like that well so if it's if it's perfect it's not coming from me supposedly there's all these um techniques to like evaluate writing to tell you know if an individual person wrote it you know across difference Works basically and just analyzing uh word frequency and you know spacing and all that sort of thing so yeah I guess I can do that for AI too yeah anyway a lot of uh interesting stuff so so thank you for uh thank you for bringing out the Sada guy I'm sure a lot of people learned a lot of stuff from it so good good thank you all right well thank you for being here all right so all right so uh Casey was our third presenter for today we have seven more and uh in case you didn't hear this earlier I am recording each

Channel: Trading Strategy Guides

Views: 14,354

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Id: hMM33Cb7h2k

Length: 59min 7sec (3547 seconds)

Published: Tue Jan 24 2023