I enjoy trading in closed-end funds that offer monthly dividends. The key strategy is to hold these investments long-term while reinvesting the monthly dividends and purchasing additional shares whenever possible. This approach is convenient because closed-end funds are traded on the stock market like regular stocks. Following this strategy could build a portfolio that generates between $50,000 to $70,000 in dividend income.
I agree because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional.
You're right! I diversified my $400K portfolio across various markets with the help of my financial advisor, and I've been able to generate over $1.2 million in net profit from high dividend yield stocks, ETFs, and bonds during this downturn.
She appears to be a true authority in her profession with over two decades of experience. I looked her up on the internet and skimmed through her site, very professional. already sent her an inquiry hoping for a response soon. Thanks
Trading has been rather rewarding to me although there's been ups and downs. I've learned that getting a good return is very much attainable if you know your way around it. I've watched my net worth grow exponentially these past months.
You say it like it's easy forgetting that not everyone is as lucky as you are. I've traded for months now without any progress. How are you able to do it?
I agree. Exactly why I now work with one. A lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation.
Because I work from home I have a huge setup with multiple screens and 2 of those screens are for the stock market. I day trade forex ( I'd say that I can be profitable about 60 to 65% of the time, which make me at a net + ) And I also have long term investment capital in stocks with ROI anywhere from 7% to 15%. My advice would be to any newcomers, use paper trading accounts to get the hang of it, learn how to read candle patterns and it will come to you, like a gut feeling. You will still lose trades, but you will more than you will lose which makes you profitable long term. Also have a good risk management structure, good luck :)
Hi there! Thank you for an awesome and interesting video. I'm a programmer who has spent quite a bit of time exploring strategies like this myself, and it was really fascinating to follow your approach. After testing it thoroughly, I noticed that the profits seem to underperform compared to a simple "buy at the start date and hold until the end" strategy. This has been consistent across Bitcoin and several stocks I've tested, especially when looking at data from the past year. Still, I think it's a great learning experience, and I appreciate the effort you put into sharing your insights! Best regards!
The market is exceptionally difficult to game. Massive computational power has been thrown at "finding" algos that will beat it. I've programmed since 1978, and due to the fractal nature of the mkt, know that there are times systems are effective, and then their environment changes, and they "devolve" into losers. You'll need more understanding of market structure than simple algos.
@@urib24 Sorry didn't created yet. But you should ask AI to create a multi-indicators strategy the same way that was shown in the video. It should be pretty similar.
As someone who generally codes with my children, I can confirm that using generative AI saves an incredible amount of time when it comes to back-testing a trading strategy. Thank you very much for your video, which confirms that I used the right approach! (But with a different AI)😅
Here's where those numbers are potentially misleading though. If you take for example the Bollinger Band strategy and apply it to BTC but not to 1/1/2018-now, but say to 1/1/2023 - now, then you would have been better off just buying and holding rather then trading
Not at all. I was able to sell all my Bitcoin at the top of the last bull market which was four of them. I waited for it to come down in the bear market and I started averaging back in those four Bitcoin I sold at roughly $62,000 -65,000 a piece at 20,000 to 15,000 I was able to get 10 more Bitcoin and I bought a whole bunch of ethereum and Solana at the bottom or near bottom during the last bear market. Trading this market is how you make your digits go up faster. Think about the people that bought the s&p 500 in 1929 at the top of the market it took 30 years for that to break even. But if you were to swing trade while it was moving back up you could have easily gotten hundreds of 3 to 6% gains on average while others were waiting 30 years to break even. You got to have a plan when to get out you don't make money until you sell.
@@kozyaba yeah bro. Exactly. It’s all technical analysis hocus pocus and EA nonsense. He’s cherry picking where to employ the EA. And on what market. I can guarantee there is an element of retrospect. Don’t forget, the market doesn’t respond to rule based trading. It never has and why there is NO current EA in existence that works on any market at any point. These Yurus are all snake oil salesmen and they are getting more and more savvy about how they present thier product. If you had an EA that gave you 700% on your account, and this was verified (which it would be by the end of the day lol), it would kill the markets overnight.
Thank you Michael for sharing this knowledge with the community. Great video and great day! I'm sure most of us would be very grateful if you could show this but for multiple indicators. All the best to you!
This is beautiful to watch. I really love this type of content. I would love to see your next level demo creating a strategy based on multiple indicators
@@brendanfernandes258 Meanwhile it's out: ruclips.net/video/BgZg3eqJeVE/видео.html In that video I show how to add one indicator after the other to make a strategy better. AI is strong but not strong enough to fully create a strategy alone, but still extremely helpful. Also watch this video to see how far AI can go when it coms to trading strategies: ruclips.net/video/ZB1qgt7To7A/видео.html Hope it helps :)
Great work , be abundantly blessed. i have been depending on developers for years and now did something i never thought i will do. this is my pure honest experience, having learned from this video
7:47 I would leave the “strange staircases” in the code. Furthermore, I would create an additional code for each staircase up. (Long) I call them ladders. Perhaps an alert on a staircase up to determine whether one should add a contract long? A staircase up keeps you in the trade. A staircase down gives you notice to possibly exit the trade.
Like, what is not to like about this. Very happy I found your site. Will check out Trading View but currently using Australian software. Huge thanks and greetings from down under.
Great Video! As a programmer I thought I could copy/paste and figure it out on my own but you made this way easier. As a follow up I would like one on how to turn your strategy into a trading bot.
Liked and subscribed senpai. With reference to the supertrend strategy, it always amazes me how much drawdown directional traders are comfortable with so long as they're making money. I aim for 10% when selling options and capturing theta. And even that's too much for high net individuals, they (I mean their hedge funds) usually aim for max 5%. Of course the returns would be more modest too, but for them capital appreciation is secondary to capital preservation.
Fully agree. Only the people who got burned a bit understand that keeping the Drawdown low is the #1 priority. Profit comes after. Happy to have you. Make sure you also join my Telegram so we can chat with smart people like you there.
Also I see it works for the past this it’s easy because just a calculation of values, but I like to see how it worked live ,you have to keep in mind that the actual Market Makers works with Algos and IA and give’s continuously fake signals, specially for the Trade Robots, also please next video in Real live Trading !🍼🍼🍼🍼
This is fascinating. I do this for funsies. it's just interesting to me. I don't trade. I'm to poor. lol I have been thinking about a strategy that only buys at or just below the bottom band on the bollinger band and sells at or just below the middle band or upper band. I'll have to try this method with my idea. Thanks! Also I just subbed. I enjoyed this video.
This is all well and great, but those DO NOT act the same in real time as they do in back testing. Back testing is good to learn from, but indicators alone do not make anyone a winning trader or else everyone would be beating the market using these same indicators everyone is already using
Big players just take advantage of what everyone is doing, and that's why most people lose. 1% win, 90% lose... even in these yt channels it's filled with bots telling they won using A,B,C strategy... lol
Nice implementation, But the use of indicators is not difficult to learn! The problem is not the strategy or the use of indicators to determine entry and exit points, but how long the trend lasts. After entry, there can be such a rapid reversal that the profit does not even cover the cost of entry :) Predicting the movement of coins is a bit more difficult - how many times you scalp and swing until the predicted target price depends only on your time.
Happy New Year! 🎉 Thank you so much for sharing your knowledge on converting indicators to strategies in TradingView-it’s been incredibly helpful! I tested your prompt, and it works beautifully for plotting my entries and exits based on my indicator. However, I ran into a small issue when trying to incorporate a stop loss based on ATR. While the ATR line is plotted correctly on the chart, the value used in the strategy seems to differ, causing my stop loss to be calculated incorrectly. Do you have any suggestions or hints on how I might address this discrepancy? I’d greatly appreciate your guidance. Thanks again for your amazing content!
Very good. but I want to tell, for SuperTrend, best setting is 10,2 NOT default 10, 3. For BB, best is 17,1 together with EMA7, best is the difference between BB upper band and EMA7 less than 5% of BB bandwidth In bull trend, you wonder that the ema7 and BB17,1 upper band always touch the lowest of every bar
Great explanation of trading techniques, well done! The fact that Anesaurus signals (where beginners copy professionals and profit) wasn’t mentioned is surprising.
Thanks for the video. I can't see o1-preview in my chatgpt settings, it's this a paid version? Can't you just share the strategy code with your viewers by providing a link to a doc, just like you did with the prompt?? Please share, thanks
@@borntodoit8744 Don't tell me what to do/ say. This video is not helpful and you know it. Just read the comments with people asking for the actual script which author failed to share. Useless..
Cheers for publishing this! Looking for help: My Tron Wallet holds some TRX 20 USDT, and I have the SEED: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. Could you suggest how can I handle moving them to Bitget?
Is it 750% for 1 year or how many years does it backtest? And you use 100% of capital every trade which usually nobody would do right, how does this impact the backtested results
I'm new to investing, and l've lost a good sum trying out strategies I found in online tutorials. I would sincerely appreciate any recommendations you have.
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
For bollinger band.. Thought should buy wen candle near bottom Band and sell wen near top band? U said the opposite. need to subscribe to add new working script to chart.
bbands can be used any number of ways at the begining of trend up : price can enter on (1) breakout of mid line, (2) upper line, (2) last pullback entering channel at lower line ...see it's all up to you & what suits you video just showed his preference
"Outstanding execution in translating TradingView chart indicators into a refined and actionable strategy! Your ability to extract precise insights from complex market data showcases exceptional expertise in technical analysis. This strategic conversion not only reflects meticulous attention to detail but also sets a benchmark for achieving trading efficiency and accuracy. Truly commendable!"
i code 1 indicator to have multiple sub indicators (eg macd & rsi) so you can use free plan without indicator restrictions mention. make 1 a Strategy make other the multi indicator I mentioned job done
I really do have a question. For someone with less than $5,000 to invest, how would you recommend we enter the market? I am looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What’s your take on this approach?
I've been trading by myself. I'm not really happy with what's going on, just few weeks ago I lost about $7,000 in a particular trade. Can you help me out or at least advise me on what to do?
I am so glad to have bumped into this video Although I made money trading crypto manually at the time with zero sense of what I was doing. Today I realized that the few thousand dollars I made at the time 3 -4 years later could have been a million plus + gross return. What seems to be obvious is that the pioneers that jump early on the opportunity of using AI for trading will take advantage of it has to offer, soon it will be the norm and there is a chance we will all get to an stagnation until things get adapted and sorted out again, which probably may take a decade. Now is the time, it will get messy soon after
This is great content! I really enjoyed it and will try it myself. I would love to see your next level demo creating a strategy based on multiple indicators
This has opened my eyes. As a developer I understand the code behind a lot of this but I hadn't put 2 and 2 together. With the Ai able to assist this is a proper eye opener. Good video!
The problem is not the strategy or the use of indicators to determine entry and exit points, but how long the trend lasts. After entry, there can be such a rapid reversal that the profit does not even cover the cost of entry
@@spicybond007 I use the RSI as a signal to buy or short only. To close that position I use the MACD and/or Stochastic RSI which ever signals first. So my entries are from the RSI only and exits when the MACD and/or Stochastic RSI signal. It's best to use alerts bc looking at an indicator isn't accurate. You have to tweak it to the chart you're using bc there's no 1 strategy w/ the same settings that fits all. I would give you my settings but it would only be for what I trade which is NZD/USD and AUD/USD.
Hi Michael, this is very good. I followed your step converting Bollinger Band to AI strategy, however, my show not making profit despite I followed your step. Is there a way you can share or post the pine code your bollinger band you converted to strategy. I will be grateful
True. The point of this video is to show how to test Indicators. And you can see how that the Drawdowns are massive. Conclusion: You need a proper strategy :) I have videos about all of that.
This is not AI, its just coded by AI chatbot. If it was AI it would use machine learning to make predictions. This will buy or sell according to preset conditions. The performance of this is also misleading, many of these past trades are fantasy trades. They wouldn't execute in real environment.
@@nicky77uk1 100% with you. Indicators are slow, you can see the change after some minutes or hours. Even if you see Realtime Orderbook level2 (which you don't have with CFDs) is highly manipulated by Bots with spoofed orders. In ES Future you see this every day beginning at 14:00 my timezone through entire day. Even if you follow footprint data, the buy /sell soo much contracts, that every AI generated bot will crash. Big players are smart enough to use better Algos for realtime manipulation. They also has more money for more manipulation.
Nice! Can GPT determine the best indicator parameters in a strategy to maximize profit and minimize drawdown? Also, how do you then automate the trades with the broker for non-crypto assets?
answer 1: it can but very limited. After all, you are the one who is managing the risk and reward, not AI. answer 2: There is a 3rd party platform who can use Tradingview alert to trade. Google webhook and you will see a lot of information.
I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 128k in a short period of time..
I'm new to cryptocurrency and don't understand how it really works. how Can someone know the right approach to investing and making good profits from cryptocurrency investments?
I will be forever grateful to you, you have changed my whole life and I will continue to preach your name to the world for saving me from a huge financial debt with a small investment, Marianne Schmitz.
Last year, I invested $15k in Crypto and made about $426k within a few months-and it’s still growing. I’ve always been a strong advocate for trading because it’s been incredibly rewarding for me. Looking forward to achieving financial freedom soon. And by the way, awesome content, brother!
This video is misleading because it preys upon your laziness. There is nothing that AI can come up with that you cannot already come up with. If you have to use AI, you're admitting that you are weak, and you shouldn't be trading.
@tcavalo, I can understand your liking to do all the work yourself, and your enjoyment of it. I feel the same when I analyze chart information and make a successful trade. But it hardly makes me lazy if there is an automatic and time saving way that I choose to use. just prefer to not to take up all my days with sitting in front of a screen figuring things out. But if that's what you prefer, that's fine. I don't want to be a programmer, I just want to be able to use a program. You, too, are using the fruits of a program when you use any charting service rather than doing it by hand on graph/charting paper. So I am not disparaging your doing it yourself, but, please, I don't think it's fair for you to disparage others who prefer a way that lessens the work and saves them time in the long. If I can take the time to figure it out once and then figure out how to automate that, what's wrong with that? Respectfully, Barry.
@@michaelionita have you tested Bolt or V0 or Mistral or Claud? They are generally head and shoulders better than Chat gpt O for code. Heck, Grok is better for code than chat gpt.
Why are you trading at night? Vampire trading? He trades in a sunny space. I trade in my sunroom surrounded by plants and sunlight filtering in through trees and sheer curtains. It's much better for our eyes to not have the contrast. There is a reason books are black on white or off-white
Hi, your video is amazing to learn new stuffs, I am trying to setup but is there anyway you could just share the chatgpt strategy so I can apply at trading view directly. Thanks
I enjoy trading in closed-end funds that offer monthly dividends. The key strategy is to hold these investments long-term while reinvesting the monthly dividends and purchasing additional shares whenever possible. This approach is convenient because closed-end funds are traded on the stock market like regular stocks. Following this strategy could build a portfolio that generates between $50,000 to $70,000 in dividend income.
I agree because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional.
You're right! I diversified my $400K portfolio across various markets with the help of my financial advisor, and I've been able to generate over $1.2 million in net profit from high dividend yield stocks, ETFs, and bonds during this downturn.
That's quite impressive! Can you share more information about your financial advisor?
‘Judith B Richards' is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
She appears to be a true authority in her profession with over two decades of experience. I looked her up on the internet and skimmed through her site, very professional. already sent her an inquiry hoping for a response soon. Thanks
Trading has been rather rewarding to me although there's been ups and downs. I've learned that getting a good return is very much attainable if you know your way around it. I've watched my net worth grow exponentially these past months.
You say it like it's easy forgetting that not everyone is as lucky as you are. I've traded for months now without any progress. How are you able to do it?
I agree. Exactly why I now work with one. A lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation.
Her name is Annette Christine Conte can't divulge much. Most likely, the internet should have her basic info, you can research if you like
I merely Googled her name, and her website up right away. So far, it looks interesting. I sent her an email, and I hope she responds soon. Thanks
Because I work from home I have a huge setup with multiple screens and 2 of those screens are for the stock market.
I day trade forex ( I'd say that I can be profitable about 60 to 65% of the time, which make me at a net + )
And I also have long term investment capital in stocks with ROI anywhere from 7% to 15%.
My advice would be to any newcomers, use paper trading accounts to get the hang of it, learn how to read candle patterns and it will come to you, like a gut feeling. You will still lose trades, but you will more than you will lose which makes you profitable long term.
Also have a good risk management structure, good luck :)
@raduconstantin9015 sounds like good advice. Any good resources?
Hi there!
Thank you for an awesome and interesting video. I'm a programmer who has spent quite a bit of time exploring strategies like this myself, and it was really fascinating to follow your approach. After testing it thoroughly, I noticed that the profits seem to underperform compared to a simple "buy at the start date and hold until the end" strategy. This has been consistent across Bitcoin and several stocks I've tested, especially when looking at data from the past year. Still, I think it's a great learning experience, and I appreciate the effort you put into sharing your insights!
Best regards!
@@KristianMørch-n3t any luck finding/creating something successful?
The market is exceptionally difficult to game. Massive computational power has been thrown at "finding" algos that will beat it. I've programmed since 1978, and due to the fractal nature of the mkt, know that there are times systems are effective, and then their environment changes, and they "devolve" into losers. You'll need more understanding of market structure than simple algos.
Hi Michael!
Awesome video! Mind blowing!
Can you PLEASE create a video that shows how to create a multi-indicators strategy?
Can't you guess how? ;-)
@igorthelight I'll be happy to get instructions if you already figured out how 🙂
@@urib24 Sorry didn't created yet.
But you should ask AI to create a multi-indicators strategy the same way that was shown in the video. It should be pretty similar.
As someone who generally codes with my children, I can confirm that using generative AI saves an incredible amount of time when it comes to back-testing a trading strategy.
Thank you very much for your video, which confirms that I used the right approach! (But with a different AI)😅
Video is resourceful, would be nice to have a version of this video for beginners. Slower version step by step
Ive been making my own and it is nice to see you doing this too. Good going Michael!
Here's where those numbers are potentially misleading though. If you take for example the Bollinger Band strategy and apply it to BTC but not to 1/1/2018-now, but say to 1/1/2023 - now, then you would have been better off just buying and holding rather then trading
Not at all. I was able to sell all my Bitcoin at the top of the last bull market which was four of them. I waited for it to come down in the bear market and I started averaging back in those four Bitcoin I sold at roughly $62,000 -65,000 a piece at 20,000 to 15,000 I was able to get 10 more Bitcoin and I bought a whole bunch of ethereum and Solana at the bottom or near bottom during the last bear market. Trading this market is how you make your digits go up faster. Think about the people that bought the s&p 500 in 1929 at the top of the market it took 30 years for that to break even. But if you were to swing trade while it was moving back up you could have easily gotten hundreds of 3 to 6% gains on average while others were waiting 30 years to break even. You got to have a plan when to get out you don't make money until you sell.
@@kozyaba yeah bro. Exactly. It’s all technical analysis hocus pocus and EA nonsense. He’s cherry picking where to employ the EA. And on what market. I can guarantee there is an element of retrospect. Don’t forget, the market doesn’t respond to rule based trading. It never has and why there is NO current EA in existence that works on any market at any point. These Yurus are all snake oil salesmen and they are getting more and more savvy about how they present thier product. If you had an EA that gave you 700% on your account, and this was verified (which it would be by the end of the day lol), it would kill the markets overnight.
This is insane! THANK YOU. Ready for the video on multiple indicators!
'migrate to Strategy' is a good prompt phrase. If it doesn't convert to a strategy properly, just ask it to check itself.
Thanks. The prompt contains more hints so it doesn’t mess up other things also. Hope it helps 🙏
How to generate prompyts
Thank you Michael for sharing this knowledge with the community. Great video and great day! I'm sure most of us would be very grateful if you could show this but for multiple indicators. All the best to you!
Thank you very much 🙏🏼
Working in that video also, it's a tough one 😉
@@michaelionita Happy to hear that. I believe it is a hard one. Keep up the great work!
Love, how respectful of AI you were in this video ;D keep up the good work!
AI is like a human ..yes be respectful you get more from it...don't & it won't be so helpful
it's a thing..real behaviour
Awesome video, I can't wait for you to make the multiple indicator video
Michael. This is so good and so clear! And you have way more than 100 likes... Can't wait for the continuation! Thank you for this sir!
Blown away! Thank you so much. ❤
This is beautiful to watch. I really love this type of content. I would love to see your next level demo creating a strategy based on multiple indicators
Thank you so much! Working on that video next :)
@@michaelionita Cant wait for that video to come out! do we have a timeline in mind?
@@brendanfernandes258 Meanwhile it's out: ruclips.net/video/BgZg3eqJeVE/видео.html
In that video I show how to add one indicator after the other to make a strategy better.
AI is strong but not strong enough to fully create a strategy alone, but still extremely helpful.
Also watch this video to see how far AI can go when it coms to trading strategies: ruclips.net/video/ZB1qgt7To7A/видео.html
Hope it helps :)
Great stuff, thanks for sharing Michael!
My pleasure!
I slapped that Like button.
That is an awesome video. I'll try to learn from you and adopt it for my needs.
Great work , be abundantly blessed. i have been depending on developers for years and now did something i never thought i will do. this is my pure honest experience, having learned from this video
Great guide. My super trend is only showing one buy signal after two attempts but I'm getting the gist. Thank you for this.
amazing advice so i sat on your thumb 🙂
thank you for the easy walk through step by step i love this kind of vid keep it up
Hi, can you plz share the code of thses3 indicators?
🎉🎉🎉 here comes your chilling fan from Uganda. I am here to stay, proper along 🎉🎉🎉
7:47 I would leave the “strange staircases” in the code.
Furthermore, I would create an additional code for each staircase up. (Long)
I call them ladders.
Perhaps an alert on a staircase up to determine whether one should add a contract long?
A staircase up keeps you in the trade. A staircase down gives you notice to possibly exit the trade.
Can you share the link to your previous video that touch on the drawdown you mention here? Thanks.
Like, what is not to like about this. Very happy I found your site. Will check out Trading View but currently using Australian software. Huge thanks and greetings from down under.
@@peterjohn5834 what Australian soft?
Great Video! As a programmer I thought I could copy/paste and figure it out on my own but you made this way easier. As a follow up I would like one on how to turn your strategy into a trading bot.
Yes it would be perfect if it’s completely automated, so it also takes trades while you’re sleeping for example
Great Michael! Simply great! thanks for sharing this wonderful knowledge and experience. I am going to apply for some of my custom indicator.
Liked and subscribed senpai. With reference to the supertrend strategy, it always amazes me how much drawdown directional traders are comfortable with so long as they're making money. I aim for 10% when selling options and capturing theta. And even that's too much for high net individuals, they (I mean their hedge funds) usually aim for max 5%. Of course the returns would be more modest too, but for them capital appreciation is secondary to capital preservation.
Fully agree.
Only the people who got burned a bit understand that keeping the Drawdown low is the #1 priority.
Profit comes after.
Happy to have you. Make sure you also join my Telegram so we can chat with smart people like you there.
Also I see it works for the past this it’s easy because just a calculation of values, but I like to see how it worked live ,you have to keep in mind that the actual Market Makers works with Algos and IA and give’s continuously fake signals, specially for the Trade Robots, also please next video in Real live Trading !🍼🍼🍼🍼
This is fascinating. I do this for funsies. it's just interesting to me. I don't trade. I'm to poor. lol I have been thinking about a strategy that only buys at or just below the bottom band on the bollinger band and sells at or just below the middle band or upper band. I'll have to try this method with my idea. Thanks! Also I just subbed. I enjoyed this video.
This is all well and great, but those DO NOT act the same in real time as they do in back testing. Back testing is good to learn from, but indicators alone do not make anyone a winning trader or else everyone would be beating the market using these same indicators everyone is already using
AND just automating them and chilling on the beach.
Market intuition is everything imo
Big players just take advantage of what everyone is doing, and that's why most people lose. 1% win, 90% lose... even in these yt channels it's filled with bots telling they won using A,B,C strategy... lol
@@whimsythecrypto-hippy-wolf1900 Intuition has nothing to do with consistent trading. You trade what you see, not what you think always.
This was very thoughtful and helpful i appreciate your hard work 🔥... You should do more random strategies just for fun this is gold 🥇
Nice implementation, But the use of indicators is not difficult to learn! The problem is not the strategy or the use of indicators to determine entry and exit points, but how long the trend lasts. After entry, there can be such a rapid reversal that the profit does not even cover the cost of entry :) Predicting the movement of coins is a bit more difficult - how many times you scalp and swing until the predicted target price depends only on your time.
you obviously can't trade
same indicators can be used for TP
YOU ARE A GREAT GUY - thanks a lot for this very interesting video
Happy New Year! 🎉
Thank you so much for sharing your knowledge on converting indicators to strategies in TradingView-it’s been incredibly helpful!
I tested your prompt, and it works beautifully for plotting my entries and exits based on my indicator. However, I ran into a small issue when trying to incorporate a stop loss based on ATR. While the ATR line is plotted correctly on the chart, the value used in the strategy seems to differ, causing my stop loss to be calculated incorrectly.
Do you have any suggestions or hints on how I might address this discrepancy? I’d greatly appreciate your guidance.
Thanks again for your amazing content!
Very good. but I want to tell, for SuperTrend, best setting is 10,2 NOT default 10, 3.
For BB, best is 17,1 together with EMA7, best is the difference between BB upper band and EMA7 less than 5% of BB bandwidth
In bull trend, you wonder that the ema7 and BB17,1 upper band always touch the lowest of every bar
@@KaFaiTam-kl6lr No each instrument of trading have different best values
can you share the source code plz i dont have open AI 0.1 Preview..
@@fahadbilal same, o1 is a paid service I think
Same
Just discovered step finance and I’m hooked, It's so easy to use, I’ve been trading while waiting for my coffee, easy tool, no doubt..
What Platform are used for the trading strategies that work with Chat GPT?
Hey, please share the scripts for the strategies.
You might want to try buying on lower candle crossing lower band then selling when it goes over upper band. Be interested in see those results
wow just wow! Very nice video, thanks and subscribed!
Great video very helpful ❤ please make more!
Thank you. Working on more 💪🏼
Great explanation of trading techniques, well done! The fact that Anesaurus signals (where beginners copy professionals and profit) wasn’t mentioned is surprising.
I stumbled upon them about 20 days ago, and I can confidently say they’ve been doing an excellent job with their signals.
Absolutely! This video opened my eyes, but Anesaurus signals really helped me take things to the next level by following pros.
Thanks for the video. I can't see o1-preview in my chatgpt settings, it's this a paid version? Can't you just share the strategy code with your viewers by providing a link to a doc, just like you did with the prompt?? Please share, thanks
@@KaraokePrince kindly share the code
@@TheScreenTimes are you asking me? Ask the creator of this bull shit click bait video.
@@KaraokePrince don't be rude all videos need you to watch
@@borntodoit8744 Don't tell me what to do/ say. This video is not helpful and you know it. Just read the comments with people asking for the actual script which author failed to share. Useless..
Быстро нашли новую связку, молодцы, ну а я с вами всегда в профите!
Great Video! Can you do a followup video on how to use the strategy to a platform for complete newbies :)
Learned so much here, thanks for taking the time to explain. Recently covered a similar topic on my channel.
Hi Michael . Were do i start to automate my trading strategy
@@michaelhudson5693 I'm with you. I could use a "For Dummies" version, since this is asking my neurons to fire in unfamiliar ways.
Cheers for publishing this! Looking for help: My Tron Wallet holds some TRX 20 USDT, and I have the SEED: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. Could you suggest how can I handle moving them to Bitget?
Is it 750% for 1 year or how many years does it backtest? And you use 100% of capital every trade which usually nobody would do right, how does this impact the backtested results
@@hOllieee-4 Where is the podcaster in response to questions??
It's usually the whole history of the token.
That was great info, thanks a lot for sharing ❤
Intresting I see you where using the Daily chart for the indicator does it work for smaller time frames like 15mins- 4 hour?
it works...
This is a valuable input as AI improves it every year.
I'm new to investing, and l've lost a good sum trying out strategies I found in online tutorials. I would sincerely appreciate any recommendations you have.
As a beginner, it's essential for you to have a pro or a very good trader to keep you accountable.
If you can, then get a professional to trade for you I think that way your assets are more secure.
Someone like expert Scarlett Hansley
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
This is correct, Scarlett's strategy has normalized winning trades for me also and it's a huge milestone for me looking back to how it all started.
100 likes 😄 so humble. Very well explained thanks i found it very helpful!
For bollinger band.. Thought should buy wen candle near bottom Band and sell wen near top band? U said the opposite. need to subscribe to add new working script to chart.
Yeah, I watched that and thought, “Um. Have I misunderstood Bollinger Bands for years?”
Dont depend on indicators
bbands can be used any number of ways
at the begining of trend up : price can enter on (1) breakout of mid line, (2) upper line, (2) last pullback entering channel at lower line
...see it's all up to you & what suits you
video just showed his preference
"Outstanding execution in translating TradingView chart indicators into a refined and actionable strategy! Your ability to extract precise insights from complex market data showcases exceptional expertise in technical analysis. This strategic conversion not only reflects meticulous attention to detail but also sets a benchmark for achieving trading efficiency and accuracy. Truly commendable!"
is that a paid trading view application you use to get the source code because I do not see it in the free use?
You need a paid version for more than 2 indicators
i code 1 indicator to have multiple sub indicators (eg macd & rsi)
so you can use free plan without indicator restrictions mention.
make 1 a Strategy
make other the multi indicator I mentioned
job done
Hi Mike! thank you again. I am learning a lot from you. Can you make an example of making a strategy of two indicators. Pleeeease
I really do have a question. For someone with less than $5,000 to invest, how would you recommend we enter the market? I am looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What’s your take on this approach?
I've been trading by myself. I'm not really happy with what's going on, just few weeks ago I lost about $7,000 in a particular trade. Can you help me out or at least advise me on what to do?
Massaged and cuddled the like button
Great Stuff Michael 👍👍👍 Kindly make video on creating Strategy from multiple indicators
Does the TradingView require professional subscription to see the bull market support band?
CAN SOMEONE SHARE THE CODE PLEASE?
for the love of god it's in the video
@@rozz71 😂😂😂
I am so glad to have bumped into this video
Although I made money trading crypto manually at the time with zero sense of what I was doing.
Today I realized that the few thousand dollars I made at the time 3 -4 years later could have been a million plus + gross return.
What seems to be obvious is that the pioneers that jump early on the opportunity of using AI for trading will take advantage of it has to offer, soon it will be the norm and there is a chance we will all get to an stagnation until things get adapted and sorted out again, which probably may take a decade.
Now is the time, it will get messy soon after
This is great content! I really enjoyed it and will try it myself. I would love to see your next level demo creating a strategy based on multiple indicators
This has opened my eyes. As a developer I understand the code behind a lot of this but I hadn't put 2 and 2 together. With the Ai able to assist this is a proper eye opener. Good video!
Thanks so much Michael. This is brilliant. Really appreciate your work as always. Looking forward to your next video.
You have enough views and like, another advanced video please. Thanks.😊
how to combine more indicators into one strategy, my thumb up! thanks
Thanks 🙏
The problem is not the strategy or the use of indicators to determine entry and exit points, but how long the trend lasts. After entry, there can be such a rapid reversal that the profit does not even cover the cost of entry
Okay, I am happy with your video, but what about unpaid versions? I don't have money to invest in a subscription to buy Trading View and GPT.
Open on RSI and close on MACD/Stochastic RSI has worked well for me. Took a lot of tweaking but very profitable.
Can u expand on this? Thank u
@@spicybond007 I use the RSI as a signal to buy or short only. To close that position I use the MACD and/or Stochastic RSI which ever signals first. So my entries are from the RSI only and exits when the MACD and/or Stochastic RSI signal. It's best to use alerts bc looking at an indicator isn't accurate. You have to tweak it to the chart you're using bc there's no 1 strategy w/ the same settings that fits all. I would give you my settings but it would only be for what I trade which is NZD/USD and AUD/USD.
Hi Michael, this is very good. I followed your step converting Bollinger Band to AI strategy, however, my show not making profit despite I followed your step. Is there a way you can share or post the pine code your bollinger band you converted to strategy.
I will be grateful
agreed. this might work with bitcoin but any stock I threw it at lost money
Your drawdown is huge
True. The point of this video is to show how to test Indicators. And you can see how that the Drawdowns are massive.
Conclusion: You need a proper strategy :)
I have videos about all of that.
This is not AI, its just coded by AI chatbot.
If it was AI it would use machine learning to make predictions.
This will buy or sell according to preset conditions.
The performance of this is also misleading, many of these past trades are fantasy trades. They wouldn't execute in real environment.
@@nicky77uk1 100% with you.
Indicators are slow, you can see the change after some minutes or hours. Even if you see Realtime Orderbook level2 (which you don't have with CFDs) is highly manipulated by Bots with spoofed orders. In ES Future you see this every day beginning at 14:00 my timezone through entire day. Even if you follow footprint data, the buy /sell soo much contracts, that every AI generated bot will crash. Big players are smart enough to use better Algos for realtime manipulation. They also has more money for more manipulation.
@@nicky77uk1 they would execute, but it’s still insanely unrealistic because this is on the daily timeframe which goes back to 2011..
thankyou so much bro for this strategy love from pakistan
Nice!
Can GPT determine the best indicator parameters in a strategy to maximize profit and minimize drawdown?
Also, how do you then automate the trades with the broker for non-crypto assets?
answer 1: it can but very limited. After all, you are the one who is managing the risk and reward, not AI. answer 2: There is a 3rd party platform who can use Tradingview alert to trade. Google webhook and you will see a lot of information.
Thanks so much Michael. Very Nice
I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 128k in a short period of time..
I'm new to cryptocurrency and don't understand how it really works. how Can someone know the right approach to investing and making good profits from cryptocurrency investments?
As a beginner investor, all you have to do is to have a mentor to keep you accountable.
How can someone know a professional account manager that is trustworthy and legit they are hard to find this days.
Sincerely speaking. I will continue to trade and stick to Emmeline Gisela daily signals and guides as long as it works well for me.
Scammer alert 🚨
Very nice idea, but HODL would have outperformed the strategy. Better find the tops and hodl down, find the bottoms and try to hodl the pullbacks.
I will be forever grateful to you, you have changed my whole life and I will continue to preach your name to the world for saving me from a huge financial debt with a small investment, Marianne Schmitz.
I was surprised to see this name mentioned here, Last week I came across a testimonial from one of her clients on CNBC News.
Marianne schmitz’s strategy also made winning trades a regular occurrence for me. Looking back at how it all started, it’s a huge milestone for me
The first time we tried, we invested and got a huge return in less than a week, that has really helped us to pay our debts.
The first time we tried, we invested and got a huge return in less than a week, that has really helped us to pay our debts.
me As a beginner, what do I need to do? on which platform can i reach Marianne? If you know any, please share them
Good video,one question: can we use this strategy on free version of trading view,or we need essential (payment) version?Thanks😊
yes
Last year, I invested $15k in Crypto and made about $426k within a few months-and it’s still growing. I’ve always been a strong advocate for trading because it’s been incredibly rewarding for me. Looking forward to achieving financial freedom soon. And by the way, awesome content, brother!
Congratulations.
I'm starting and do not know where to get the prompt.
you help me and ill make a promise contract which are legal to give you whatever percentage we both think is fair. Not even joking
Finally, a French person that I can like!
I'm favoured, $60k every week! I can now give back to the locals in my community and also support God's work and the church. God bless America..
That's awesome
What source/platform did you use to earn such a large sum of money?
As I know it's possible, I'd appreciate it if you showed me how to do it.
It was with the help of Cassandra Roberts i am who i am today
I know I'm blessed if not I wouldn't have met someone who is as spectacular as Mrs Cassandra Roberts
Great topic, thanks👍
Now I have recovered 90% of my lost money may Allah keep blessing her for me ❤
Please I need someone to put me through on how this Bitcoin trading really works, I'm interested and willing to invest heavily in it.
Thanks so much Mrs Catherine Adriana. I've been scammed 2 time's and I lost all my money but meeting you was the best thing that ever happened to me.
Love u man! Thanks for this
Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️
I'm 37 and have been looking for ways to be successful, please how??
Sure, the investment-advisor that guides me is..
Mrs Cathie wood
Her services is the best, I got a brand new Lambo last week and paid off my mortgage loan thanks to her wonderful services!
Same, I met Cathie wood last year for the first time at a conference in Wilshire, after then my Life has changed for good.God bless Cathie wood
Thank you sir.But please tell me where can I find exactly the prompt?
This video is misleading because it preys upon your laziness. There is nothing that AI can come up with that you cannot already come up with. If you have to use AI, you're admitting that you are weak, and you shouldn't be trading.
So algo traders are weak?
Your comment smells unprofitablility
🤣
bro its time ..time is money .. come out of the well then u will be profitable .. please appreciate somebones good work
@tcavalo, I can understand your liking to do all the work yourself, and your enjoyment of it. I feel the same when I analyze chart information and make a successful trade. But it hardly makes me lazy if there is an automatic and time saving way that I choose to use. just prefer to not to take up all my days with sitting in front of a screen figuring things out. But if that's what you prefer, that's fine.
I don't want to be a programmer, I just want to be able to use a program. You, too, are using the fruits of a program when you use any charting service rather than doing it by hand on graph/charting paper.
So I am not disparaging your doing it yourself, but, please, I don't think it's fair for you to disparage others who prefer a way that lessens the work and saves them time in the long. If I can take the time to figure it out once and then figure out how to automate that, what's wrong with that? Respectfully, Barry.
Listen you stupid, you are old and unwise, ai algorithm saves time.
Great video. Can you do one with only 4% max drawdown?
awsome video . thanks But please use dark themes watching full screen white background in night is so blinding xd
Hehehe ok will consider it for the next video 🙏
Ty wonderful and helpful for a retiree who doesn't know technology
@@michaelionita have you tested Bolt or V0 or Mistral or Claud? They are generally head and shoulders better than Chat gpt O for code. Heck, Grok is better for code than chat gpt.
Why are you trading at night? Vampire trading? He trades in a sunny space. I trade in my sunroom surrounded by plants and sunlight filtering in through trees and sheer curtains. It's much better for our eyes to not have the contrast. There is a reason books are black on white or off-white
Thanks!
Oh thank you very much. Appreciate that ❤️
Man, God danm great video! Thank u very much for sharing this knowledge!!!
Hi, your video is amazing to learn new stuffs, I am trying to setup but is there anyway you could just share the chatgpt strategy so I can apply at trading view directly. Thanks
WOW, fantastic!