The bot is also extremely stubborn- it adamantly refuses to even take a stab at predicting what the price of any crypto asset could be in the future. All the while it does a great job of reminding the user to do their own research before investing and to carefully manage the risks taken.Yes, ChatGPT is not a finance expert nor a trading guru, but it can churn out code. Technical analysis on TradingView uses the Pine Script language, something ChatGPT can employ and provide snippets of code for.
Therefore we can see that a large part of filtering and generating signals comes down to us, the user. A user can tweak and fiddle with the code ChatGPT provides, and pester it to use different indicators, to see if better results can be achieved. Meanwhile, take-profit is the next Stochastic crossover in opposite conditions to entry . We find the 15-minute chart gave four trades from December 12 to 15, with +3.13R. Some suboptimal trades, such as the +0.93R, were also suggested.
When enquired about the suboptimal entries, ChatGPT replied that technical analysis concepts like trendlines, Fibonacci retracement levels, candlestick patterns, and price action setups such as inside bars can be used to give better entries.Dozens and dozens of indicators can be used on TradingView. Free accounts can only use two indicators at a time. That need not stop the intrepid student of the market. Volume indicators such as OBV, A/D, and CMF can be employed.
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Source: CryptoAmb - 🏆 22. / 68 Read more »