INSANE AI Trading Bot Beat The GREATEST Traders of ALL TIME With +230,442.43%

due to the rise of AI systems like chatgpt Now Bing has one coming out these chatbot systems are exploding in popularity and so are the use cases of them and one of my favorite use cases is AI trading so if you're the kind of person who likes AI trading investing you're interested in this kind of thing then this is definitely the right channel for you hit subscribe turn on all notifications so that you're notified as soon as I upload and for clicking that Bell notification I do a lot of giveaways for my first viewer so I do a lot of patreon giveaways so if you're one of the first people watching this video thank you very much for hitting that Bell notification and for subscribing and for the giveaway in this video my partner at bypass letting me do a trade tactics Community giveaway for the brand new iPhone or an equivalent usdt prize of one thousand one hundred dollars that is going to be airdropped directly into your Bible account if you sign up with the trade tactics link down in the description I'm also going to put it to the top of the comments all you got to do to enter is sign up using that link in the month of March your new registration and you deposit 100 usdt into your Bible account that's it you're automatically entered into the giveaway this month and if you win you'll just be air dropped that prize into your account with no strings attached be sure that this ID is on your screen when you register now there are all kinds of different systems that are possible to be implemented with these the possibilities pretty much endless and I've shared some Basics on this channel as well as some open source strategies that I've shared with the community on my Discord today I want to summarize a lot of those Basics and get into the different kinds of systems that are really pretty simple to implement and they get more complicated the further you go into it now there are three systems that I want to talk about in this video and then I'm going to show you one of them and we're going to build a script in this video and I'm going to implement it on screen I'm going to show you exactly how it's all done so when it comes to automated trading systems and also this goes for indicators or strategies there's different strengths and weaknesses to every single one we're going to talk about three main core ones that I believe are pretty much the the core of any trading system you got to pick one of them and it's possible to combine or make a fusion between a couple of these ones so the first one is a trend following system and the second is going to be a grid following system and these systems are kind of counterparts to each other when the market goes flat and there's less liquidity after a breakout the market kind of goes flat as liquidity decreases and in these situations a lot of money can be made trading on the lower time frames going back and forth in between a range of price now while a lot of money can be made on these lower time frames trading these back and forth positions during a breakout a grid trading bot typically wants to take profit at the very top of the range whereas a bracobot works in the opposite direction it wants to enter trades at the very top of the range predicting a breakout so in certain markets such as crypto the breakout system typically Works more often than not statistically if you try to catch every single breakout through crypto in the past at least it has worked and now there's no promises that that'll continue working for the future but the crypto Market is fairly volatile so these systems historically have worked now a trend following bot there's a huge Breakout or even a huge market crash so this works in price Discovery where there's no known support or resistances established yet or during a market crash where you're not too sure where the bottom is you don't want to have a great trading bot system enabled during price Discovery it's it's actually impossible to implement because you wouldn't know where to establish the range now the weakness of a trend following bot is if the market goes flat now this trend following system which is my favorite system to be honest it has its weaknesses though now if the market is a little bit flat it's going to try to take attempts at every single breakout and if your Bot is trying to predict breakouts in a flat Market or a ranging Market your win rate is going to go down and hopefully the next break of that happens is going to be large enough to make up for any losses that you made during that flat market and the beauty of back testing is that you can go back you can look hey statistically over the last seven or eight years this is typically what played out and the whole goal of trading is to use these numbers and statistics through back testing and try to map or project it onto the future hoping there's no guarantee that it works out in the future again meaning that your trading system has to be robust and flexible enough to respond to new data data that it hasn't seen before maybe the market does something completely new or random and your algorithm is going to have to be able to respond to that so maybe this includes variables that account for both extremes if you're extremely bullish or extremely bearish you don't want to be trading in the reverse Direction now the Third Kind of system that I've seen implemented is a pivot point bot it tries to find the perfect bottoms and tops these systems are inherently more risky because you're trying to catch a falling knife maybe the market is in extreme panic mode and is selling off in your Bot would try to find pivots but the market would keep trending downwards potentially there are some weaknesses there with this boss system but there's a lot of money that could be made in these back and forth or in these big pivot Points some of these systems include looking for liquidations and trying to catch those huge Wicks that come up on off huge crashes so typically after a lot of Traders get liquidated that's a discount Zone and it's a really good place to buy up some crypto or whatever other asset that you're trading and every single Market is going to be a little bit different if you're trading Forex versus crypto or maybe you're trading Futures all of these markets play out a little bit differently and all these systems have to be tuned and adjusted for What that particular market usually trades the light and each market has its own unique personality maybe a particular Market likes the 200 moving average every time it touches a 200 moving average maybe it's good to have a bot that utilizes or incorporates that particular indicator at that particular setting some markets are easier to trade on higher time frames for example there's less Randomness maybe there's better investors at the higher levels where they're looking for these big pivot Points and those are typically easier to trade on rather than the one minute or the lower time frames which could be more random developing trading systems for lower time frames get exponentially harder because of that Randomness now that's not to say it's not possible to create a one minute sniper bot I've seen some 15 minute sniper Bots that are deadly and I've created some 50 minute 30 minute Bots that work fairly well and but the time frames that I really like are more of the middle range time frames like the one hour the three four hour on these time frames I can go to bed and just know that I'm in a trade and that there might be a surge that happens overnight waking up and checking my accounts overnight are typically fairly good so I'm going to show you the Bitcoin chart right now and an example of one of these situations I'm going to show you the Bitcoin chart we just had a six percent dump just yesterday so these are some of the results through the dump and I've created a couple of trading systems that I've shared in my Discord they're completely open source you can build off them transform them into whatever you want I really want those to be public I want people to have access to them as learning tools and to build off of them to see what they can become some of them are already profitable in markets like this where there's huge dumps and these are Trend following Bots where those Bots typically have weaknesses again the trend following systems is when you go into consolidation like this maybe your Bot wants to try to catch a long on this reversal here but the Market's just going flat and then trending downwards I'm going to show you how this bot responded here these are all the closed profit and loss and this ball works on the 30 minute chart there's a two percent almost a three percent trade again this this bot just makes these little Snipes I have a very short take profit you can see the take profit and the stop loss on the chart here so this spot just likes to get these little trades and it just adds those to the account all these were wins because the market was really really trending as I go down there's one loss here every single one here was profitable during the trending Market I can show you just all orders here for this system so this is the close profit loss for the system that I had up on the screen it's about an 80 win rate right now you can see some of the winds are larger than some of the losses here there's about a two percent loss there but most of the wins it takes profit at these small levels 2.72 2.52 and this is just chipping away at all of these wins this one loss that was a little bit bigger than the rest of the wins overall that 80 win rate more than compensated any loss that I incurred now this is during a trending Market this bot again won't perform as well in if the market is ranging or is flat but I just wanted to show you some of the strengths when they shine they more than compensate at least so far in my testing for me they've compensated any losses that I've incurred now the trading system that I wanted to develop and show you today what a combined an open source indicator that Bollinger Bands strategy with the double email strategy that I posted in my Discord server so some some of the traders who may be watching this have seen my other videos they've tried to implement these other strategies there's been a lot of questions about how do I improve these how do I make these better I'm going to show you today how to combine these two together and you're able to combine these with any other indicator that you like you can take a macd or an RSI you can add in these ranges for example maybe you don't want your Bot to enter another long if the RSI is really really overbought maybe it knows it's near the top of the range you can add in these filters maybe you're short and you don't want your Bot to try to short in this area here down near the bottom of this range because the RSI is already oversold so I'm in the trade tactics Discord and if you haven't watched my videos on how to get automated how to automate these systems I have another video here this is the one if you scroll back through my videos You'll see this trading bot the ultimate guide and it goes through the full step-by-step tutorial on how to take a strategy that works on trading View and how to send those signals and automate them to your buybid account so there's a full text tutorial here it does all the instructions here there's a sample template code that you can input and play around with it as automatic stop loss take profit levels it also has custom backtest periods so in the trade tactics Discord and over at the working scripts tab there's all kinds of trading algorithms and different strategies that are being developed today I'm going to combine the double EMA and I'm going to combine the double EMA strategy today I'm going to show you exactly how to combine two strategies together so that you could work on your own system and try to improve some back testing results and see how that works for you in your own learning process and then I'm going to share the code for that combination I'm going to make a post so if you end up joining the server you're going to see a new post with the strategy from this video here I'm going to post it at the end of the video so one of my favorite strategies that I've released is the double EMA aggressive strategy this is a really aggressive strategy so I'm going to click on this double EMA moving average strategy to find the code for this strategy in the double EMA strategy you just click the pin the messages and I've pinned it right so this is the updated version I'm gonna go jump to it right here and if I expand it you can see that not all the lines of code are here there's 16 lines left so in order to get this code I'm going to have to download the full message and once this is open I'm just going to select all and copy it and we're going to head over to Trinity View and paste it right in so this is exactly how you grab the script I got a blank Pine editor Page open to get to this page I just opened the pine editor tab at the very bottom of my screen and I'm going to hit open it and I'm going to create a new indicator or strategy and all of this here I'm just going to hit delete on all this because we don't need that I'm just going to paste now once all the code is there there's 116 lines I'm going to hit save and this is going to be a hybrid strategy so this is going to be a double EMA Bollinger band hybrid strategy there we go so now that I've hit save it should compile correctly there's no errors in that code and I could add that one to the charts this is how the strategy performs to get these results you got to be on the correct time frame and on the correct Equity I'm on the Bitcoin usdt four hour time frame the net profit is around 5265 percent net profit factoring in commission and that's going back 20 000 candles because I have a premium version of trading view if you don't have a premium version of tradingview you're not going to see maybe the exact numbers but the stats the things that are important are going to be the percent profitability that's going to be your win rate and the drawdown is also very very crucial too so this number here the 5265 percent looks really really high but that's taking into account the compounding effect of compounding interest so if you all in your account 100 every single time let's say you have an account with a thousand dollars and you win twenty dollars the next order is going to be one thousand and twenty dollars it's going to put in the profit from the previous trade into the future trade and it's just going to reinvest and reinvest and compound all of this Equity if you want to have a flat order like a flat order amount let's say you want every trade to be around a thousand dollars and you just want to see what are the results for that so if you don't want to have the compounding effect you would just simply scroll to this first line This is the strategy declaration line and the default quantity type instead of strategy percent of equity you'd simply put strategy dot cache and then hit save of course you want to change the default quantity value to the dollar amount that you want to put in in cash for me I like to have the percent of equity because I want to have accounts that are compounding and I want that all to be automated that's just a preference of mine you might not have the same preference so we've got the double EMA strategy and I'll show you just the long and short condition rules here we've got two here these two rules are for the long and short condition if either of these conditions are met there's two different ones two for long and two for short separated by the org condition not to get too much into the technical details there but if I put an and condition then all of this would have to be true if I have the ore condition could be either the first one or the second one if either of those is true it'll either long or short now like I said if you wanted to have an RSI you would simply go to the public database which is up at the top here you could click the indicators you type in RSI you could pick through any of these from the open source database make sure that there is the squiggly brackets here before you add it to your chart to show that it's open source you can see this one for example is not open source it doesn't have the little squiggly bracket like that right here that one is closed Source it's locked with the lock button right there every other one is open source and you can add those to your chart you can open up the open source code and you would add in another long condition so let's say you picked an RSI you don't want the RSI to take a long or short in the extremes you could just add an or condition and then they are whatever the RSI variable is let's say it's RSI is less than let's say 90. typically 80 or 90 are going to be that overbought category and typically around 10 to 20 is going to be depending on the indicator you're looking at RSI doesn't go below zero so it's going to be zero to 100 typically if my memory is correct so that 10 to 20 range would be where you would set that at so in this video I'm going to combine the Bollinger band strategy with the double EMA strategy we're going to create a fusion and we're going to check to see the results to see if it's more effective so for the basic strategy these are the results we're going to see if we can improve them the strategy is working with a take profit and a stop loss if I take the take profit and stop loss you're going to see some different results it's still around the same five thousand percent profit but I like to have that extra security with the take profit and stop loss I can show the take profit or stop loss using the setting here and you could see on the screen let me just expand this for you when you enter this trade here it set a stop loss that's what it looks like there so you could see that we we almost got Wicked out there but we came back down and this strategy closed the short as soon as it hit that stop loss this strategy is about a 46 win rate so about one in two trades are going to be a win so this one right here entered the short and that was the stop loss here which is conveniently right around the 200 BMA and so this short right here which this was live on my account this is one of the trades that I was in this was the automatic stop loss that was placed for that order and then all the way down here this it took profit after this candle and then it entered another short right here so you can see the updated stop loss here so we'll see how that trade ends up playing out and so just for Simplicity I'm going to turn off that right here so we're not clogging up the screen with the take profits but it's good to know that that's there another good thing to know is the custom back test range maybe you just want to set a custom back test period so you want to test how your Bot performs during a particular market crash so you want to stress test your Bot for these different time periods to see exactly how it would have performed when they're a peak of Bitcoin all the way down would you have made profit on the way down maybe on a test maybe the covid crash that happened there are all kinds of different time frames that you could test using this custom backside spread you could just input them into the calendar right right here so we've got these results we're going to try to make them even better by combining this strategy with another Trend following strategy and we're going gonna try to fuse them together in a way that complements both of them we're going to try to do that without curve fitting at which curve fitting is simply put it's when a strategy is hyper tuned it's preset for historic data but not future data so the strategy is not flexible enough and when a strategy is not flexible it doesn't respond to new data that it hasn't seen before very well it's kind of just configured for the exact data set it doesn't have that ability to respond in real time you might see these really really impressive numbers like five thousand percent profit or ten thousand percent profit I could go to the Bitcoin chart here for example b2c USD and this chart goes all the way back and this number goes far higher this is now ten thousand dollars I could take off the stop loss two and you can see that it goes up to 58 000 profit without the stop loss big numbers to look for are going to be the total closed trades you and you also want to see some forward testing data to see if that this is the strategy configured just for historic data or does it also work for future data as well enough course that's my goal I want the strategy to work in real time I wouldn't want to waste my time with a strategy that is pre-configured just for historic data and not featured it so keep that in mind the total closed trades is a really important number to look at if your strategy only has 10 or 20 trades that's not a large enough sample size to really know if the strategy is going to work out in the long term maybe it's just getting those by fluke the higher you get with the total close trades typically the higher statistically reliable that can be as long as you're not running into curve fitting which is one of the biggest weaknesses of bots and the next thing that you got to remember is that maybe you're starting your Bot at this time period here at this Green Peak right here the bot was doing really really well here and then the drawdown started increasing that's when it started losing trades you want to make sure that if I'm starting the bot up here maybe we're gonna have some pullback on the strategy maybe the strategy is not going to be immediately profitable but in the long term you want to see this curve coming back and rebounding higher and higher and higher so that hopefully that you could take an educated guess that this system would still be reliable in the future so I'm going to go and grab the bowling your strategy from the trade tactics Discord so this is the full open source code for the strategy so I'm just going to download it right here and here it is in the notepad so I don't need all of this here for this strategy so we've already got our strategy entry and exit conditions from the other strategy so I don't need those here but we do need the variables here in the long and short entries for the Bollinger strategy so we're going to add these to the double EMA strategy as a variable for another long entry for the plots here we're going to need this these are all the visual variables so that's going to give us our plots so we're going to be able to see the Bollinger band on our screen so I'm going to leave those in and we already have a source declared so I'm going to leave out this and the top line here we already have a strategy declaration statement so I'm just going to exit out of all that I'm going to copy this what's remaining and I'm going to copy and paste that into the WMA shreddit so here's the double EMA strategy I'm going to scroll down here and this is where the template code is here exactly from the this import function this is giving us our automatic stop loss take profit levels and the custom back testing period so if you just want to use those stop loss and the custom back testing period you can copy all of this here all the way down and that's exactly what you want to copy all the way here all the way to your long and short conditions and this is going to allow you to use custom alerts and that is exactly what you would paste into your open source code for the strategy that you're building for any other strategy if you want to use a stop loss or take profit this is some really really good template code so here I'm going to just add a note this is the Bollinger Bands and I'm going to place my code inside of this now the one thing that I'm seeing a red line come up on is the length which so we already have a length variable to find so I'm just going to change this to a length of the Bollinger band so length BB should do very well so length BB will be fine and then I got to change the length in these statements below so that I'm not calling the wrong function so I'm going to hit save just to see if this configured correctly without any errors and there you go so I hit save and we got the Bollinger band on the screen so it's calling everything correctly so far and now we're going to add the roles into the strategy so is this crossover of the source that's going to be the price crossing over the Bollinger Bands detecting a breakout so I don't really need the long entry there at the beginning and I don't really need the short entry there at the end I just need these and I'm gonna I'm going to cut them out of this code I'm going to head down to the long and short conditions here I'm going to add another or statement and I'm going to paste that in right there I'm going to scroll up for the short entry there we go so I've cut that out and I'm going to paste it in right below in my short entry now it's actually configured in the strategy I'm going to hit save and see if I have any errors it's compiling there's no errors so now that we've got that saved let's head over to the Chart we got some improved results on our net profit there's eight thousand five hundred percent profit before is around five thousand percent profit and I've dialed in the exact stop-loss settings that I personally like we could go back even further using the BTC usdt chart this is 230 000 profit using the strategy going way way back I'm just going to show you some of the trades that this strategy made there was recently this really big pump and it was in all the way in as soon as it started dumping it started shorting and the strategy has been in a short since around this candle here so currently it should be in around 8.3 profit we can confirm that going to our strategy tester panel in the strategy tester panel the open profit loss right here is around 8.3 percent so yeah we're currently in this trade and I could see the full list of trades in this panel here this is all back testing number now that 230 000 profit includes Commission of 0.05 percent and like I said it's taking a shot at every single breakout it wins one in three trades but those trades compensate any losses that had over the past now the weaknesses of this strategy are if the market goes flat so for example the market was really really flat in this area here this kind of price action where it's Crossing down below and then immediately back up is a little bit of a nightmare for this bot to deal with but you can see on these clean sweeps This Clean Sweep down and then this Clean Sweep All all the way up this bot has no issues catching these trades and riding it out all the way to the very very top and so that's where these back testing numbers come in I personally like to set a stop loss and take profit and with this stop loss and take profit you don't have to use the exact numbers that I'm using here but the way I've got it configured it's around is almost a 60 win rate and over the last several years it's achieved a 22 000 profit on this configuration and that's just back testing so right now I'm going to go ahead and share this code exactly as is on the screen again there's been a lot of people complaining that they don't have trading view premium so they don't see the exact net profit here if you have trading view free you're only going to see back 5 000 candles so please take that in consideration before you complain that you don't see the exact results or this isn't legitimate this is exactly the code that I'm sharing in the Discord as is as it is on the screen you could take it and play around and experiment with it for yourself for learning for your own learning purposes so here it is if you want to experiment with the strategy for yourself just make sure that you hit the download message on the on the right hand side if you expand it on the left you're going to see that there's 40 lines left you're not going to be able to download the whole code so make sure that you hit the download button on the right hand side paste it into a completely blank Pine editor page before I end the video I wanted to remind you that by bit is doing a giveaway of an iPhone or 1 100 usdt and that giveaway is running exclusively for the trade tactics Community you have to sign up with the buy bit link down in the description and deposit 100 usdt into your account and you'll be automatically entered to win a brand new iPhone and it benefits of signing for buy bit are that you can automate your strategy completely free through Wick Hunter other than a trading view subscription that's the only thing that you're going to need to pay for but you can dip your toes in the water for 30 days because tradingview has a 30 day free trial if you're looking for extra script help I try to help out everyone but sometimes I get too busy so I have a patreon tier where I'm guaranteed to help you out sign up on patreon.com trade tactics the link is going to be down in the description for that but everything in my community I want to keep it as open source as possible and help out as many people with as many questions as possible there's a script help category people are posting profitable trades profitable trading systems regardless if you're into Pine script or python different Training Systems definitely come to this community there's over 30 000 active people in the community before you go if you haven't yet be sure to thumbs up this video it really helps boost the video in the algorithm it helps the channel grow thank you for watching and I'll see you in the next one

Channel: Trade Tactics

Views: 32,929

Keywords: chatgpt, chatbot, chamath, ai chatbot, chatgpt ai, openai chat, gpt 3 ai chat, gptchat demo, hack chatgpt, openai chatbot, openai chat gtp, openai chatgpt, chatgpt writing, michael batnick, advanced chatbot, jaibreak chatgpt, chatbot technology, jailbreaking chatgpt, ntroduction to chatgpt, gptchat demonstration, conversation with an ai, what is anti intellectualism, what does ai say about our future, what is pseduo intellectualism, hack, hacking, haunted

Id: LRv4eWFzCgs

Length: 24min 22sec (1462 seconds)

Published: Sat Mar 04 2023