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Mind-Blowing 1170% Profit with AI Trading Bot! (Must-Watch Tutorial)

Education

Introduction

In this article, I will guide you through the process of creating an incredibly effective trading strategy using ChatGPT, which boasts an impressive 80% win rate. This user-friendly buy and sell indicator is particularly well-suited for scalping cryptocurrencies on short time frames, like 1, 3, and 5 minutes. Over a mere five days, this algorithm yielded nearly 40% returns on the account, equating to a staggering 240% return per month when using 51x leverage. This could lead to potential profits exceeding 1,000% in just 30 days!

Whether you're a novice or a seasoned trader, this step-by-step tutorial will help you establish a fully automated trading bot that could generate daily passive income. If you find the content useful, remember to like this article and share it with your friends. Let’s dive right in!

Setting Up the Indicators

Currently, I’m examining the Ethereum price chart on the 5-minute time frame. For this trading setup, we’ll be utilizing two TradingView indicators; however, you can always introduce additional indicators for higher accuracy.

Adding Indicators

  1. Open the indicators menu on TradingView.
  2. Search for the G Channel Trend Detection indicator by Jagged Soft.
  3. Add the Exponential Moving Average (EMA) to your chart and set its length to 200.

Entry Signals

Our trading strategy hinges on two simple conditions:

  1. Long Trade Entry: Execute a long trade if the G Channel Trend Detection generates a Buy Signal and the closing price at this signal is below the EMA.
  2. Short Trade Entry: Conversely, initiate a short trade if the G Channel Trend Detection gives a Sell Alert when the price is above the EMA.

Some traders may argue that buying below the 200 EMA is risky; while I partially agree, on short time frames (like 1, 3, and 5 minutes), buying low and selling high tends to yield better results compared to higher time frames.

Coding the Strategy

To transform these indicators into a cohesive strategy, open the source code of the G Channel indicator and copy the entire script. Next, visit OpenAI and utilize ChatGPT. You can use either GPT-3.5 or the latest GPT-4 model here.

  1. Ask ChatGPT to code a simple trading strategy utilizing the G Channel Trend Detection as well as the EMA as a signal filter.
  2. Include the entry rules and paste the indicator script into your request. ChatGPT will generate a complete trading strategy.

Implementing the Strategy

  1. Copy the generated code and return to TradingView.
  2. Open a new strategy template, delete the default code, and paste the script provided by ChatGPT.
  3. Apply this script to your chart. If you encounter any errors, simply ask ChatGPT for assistance in fixing them.

After successfully integrating the strategy with the chart, access the Strategy Tester to verify the algorithm's performance metrics, such as the win rate, profit factor, and maximum drawdown.

You can also adjust the G Channel and EMA lengths specifically for Ethereum, with suggestions of setting the channel length to 5 and the EMA length back to 200.

Automating with Pionex

To further enhance your strategy’s effectiveness with a more advanced money management system, return to ChatGPT and request to set up average true range (ATR) parameters for stop-loss and take-profit:

  • Stop Loss: Use a 2 ATR value.
  • Take Profit: Use a 4 ATR value.

Once modifications are made, copy this updated script and install it on your TradingView chart.

Creating a Trading Bot

Now, let’s automate this trading strategy into a bot using Pionex:

  1. Register for a free Pionex account (links below).
  2. Navigate to the Futures menu and select Futures Bot.
  3. Create a new signal bot, naming it something like "G Channel."
  4. Set up parameters like initial capital size and order size, enabling pyramiding if necessary.
  5. Copy the Webhook URL from Pionex.
  6. Head back to TradingView, open the strategy alerts, and enable the Webhook URL, pasting the Pionex address.
  7. Finalize your alert and return to Pionex to automate the signal.

Pionex provides the capability to automate any trading strategy on TradingView. If creating your own strategy proves to be complex, don't fret—Pionex also offers numerous free bots that yield high returns.

Conclusion

Welcome to your crypto journey, where dreams meet freedom! Join us as we empower crypto enthusiasts with the essential tools and knowledge to achieve their financial objectives. Don’t miss out on becoming part of a dynamic community!

Keywords

  • AI Trading Bot
  • Trading Strategy
  • Ethereum
  • G Channel Trend Detection
  • Exponential Moving Average (EMA)
  • TradingView
  • Automation
  • Pionex
  • Cryptocurrency

FAQ

Q1: What is a G Channel Trend Detection?
A1: It is an indicator used to identify market trends and provide buy or sell signals based on price movements.

Q2: What time frames does this strategy work best on?
A2: This trading strategy is optimized for short time frames, specifically 1, 3, and 5 minutes.

Q3: How do I create a trading bot with Pionex?
A3: You can create a trading bot by registering at Pionex, setting up your bot configuration, and linking it with TradingView alerts.

Q4: What is the expected profit from this trading strategy?
A4: With appropriate leverage, this strategy could potentially yield returns exceeding 1,000% in 30 days.

Q5: Can beginners use this tutorial?
A5: Yes! The tutorial is designed to be accessible for both beginners and professional traders, providing step-by-step instructions.