I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio dwindle away is such an eye -sore.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
Definitely! All of this happened in less than a year after *Izella Annette Anderson* told me what to do. I started with less than $100,000, and now I'm about 17,000 short of having a quarter million dollars.
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.
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!
It took me four years to discover that forecasting the market based on charts is pointless; you never know what will happen.I have a little over 250k i wanted to put in the markets but I don’t know what direction to head now. Any guidance in this regard would be much valued.
I think A.I. will be the next major trend. To achieve lasting growth like META, it's essential to avoid impulsive decisions influenced by short-term changes. Emphasize patience and a long-term view, and most importantly, seek financial advice for informed buying and selling choices.
Many folks overlook the importance of advisors until their emotions cause them problems. I recall a few summers ago, after my lengthy divorce, I needed support to keep my business going. I searched for licensed advisors and found someone extremely qualified. She helped grow my reserve from $175K to $550K, despite inflation.
This is definitely worth considering! Do you have any recommendations for professionals or advisors I could speak with? I really need help with proper portfolio allocation.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Judith Lynn Staufer” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look her up.
Technical analysis is about taking emotions out of the trade and about probabilities. Risk management by calculating risk / reward and setting an optimal (trailing) stop loss is rule number one. I don't trade much. I am an investor and combines fundamental and technical analysis into rational analysis.
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.
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.
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
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
Michael, The last two strategies created have completely different total profit and total drawdown from your original versions of those strategies. What went wrong with the conversion? Why those huge differences?
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
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
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
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
Im working on my strategy where i try to reverse position (from buy to sell & v.v) when SL is hit. GPT gives exact details in accordance to my strategy condition but the results doesn't do the same.
thanks! may I ask how it works with the stop loss? because I created some winning strategies but the trade never closes when its on drawdown lol, it only closes in profit.. how much of a stop loss is setted up for this strategies?, you never mentioned that..
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.
Hi Michael, Thanks for such good explanation. I just didn't understand how in the first place, you created your own strategy, which you referred to during the video? Is there a video that explains this?
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 !🍼🍼🍼🍼
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.
Could u make a video using two or more indicators? Also i see that's more like for the spot trading, could u make a video for futures? And providing certain rules to place a stop loss at the previous higher high or lower low? Thanks again and really nice videos
I'm working on that video to create a strategy with multiple indicators included. I focus on Spot only. Don't want to promote leverage or similar things.
I love the video. and I am subscribing. I like the way you present. I am curious if these are the exact instructions you used, copied and pasted? There seems to be a typo or omission in the second line of your instructions. they worked, just like this?
Glad I’m able to inspire 🥳 No I don’t sell AI, I sell into 2 things when people need: 1) Https://signum.money/ the easiest way to to automate all TradingView strategies 2) autotrading.vip my education where I teach my entire automation and risk management process and where I give access to my personal strategies.
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.
Question, so if you bought Bitcoin in October 2016, the value would have increased by approximately 10,335.38% as of October 28, 2024. And your Bollinger band strategy 1187%, what's good with that?
You had a 85% Drawdown in your portfolio doing so. Not so great. Many don't understand this. I made a video about it: ruclips.net/video/tapeJzdh61o/видео.htmlsi=KiBlrZnHoEyDr6RF
Thank you very much Michael. I was searching a content creator like you for a long time. Could you create a video to combine several indicators into a strategy as well? I mean not just one indicator in one strategy. It’s because sometimes I find a single indicator strategy doesn’t work all the time. We need another filtering indicator (like adding one to your Supertrend strategy). (Just found it this video>100 likes and you promised to make a video on advanced strategies of combining multiple indicators.)😅 Another question: the number of exchanges/ broker platforms that accept bot instructions is still limited. How can we automate the trading with TradingView platform alerts? Or we just have to do them manually still? I used ToS and HSBC platforms mainly.
immigrant I saw u say that to 5 pepole that video next but u don't do that video next how can u do 5 videos next u are a scammer I'll report you your see the concecuinses ul see
Very, very interesting video. Thanks very much for posting it. Is there some way to combine multiple indicators into a single strategy? Because if there is, it would be brilliant!
I’m also wondering that and I mentioned in this video, that if I get enough likes I will do that video - and yes it happened. So keep an eye out for that 👀🥳
Thank you for the idea. But if you look at it: The Bitcoin grew over 2000% in your period of strategy. So you could have just made buy and hold and would earn more. ..
I'm a bit confused by this. It's different when trading in real-time compared to looking back retrospectively about what you might have done. How does this apply to real-time trading?
Not sure what you mean. Nobody can see the future. And this a trend following strategy :-p You can do real time trading but most people on this plant cannot and should not.
I tested your script on Nifty, but the strategy did not generate any orders. If you don't mind, could you please share your Pine Script? I would be very thankful.
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.
It seems like every time I ask a question on RUclips I, myself answer it minutes later. It’s kind of strange. So using o1-preview turns an indicator into a strategy and Signum turns the strategy into a bot? What exchanges with Signum that allows U.S. peeps?
Great info as always! I would like to see the results of more realistic setups. For example with 1000 usd initial capital and 1% risk management and also for lower time frames. Finally as another guy mentioned before, how to combine more than one indicators using this technique? Thank you so much!
@@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
Hello Michael thx for your video ! really great ........i guess you have to upgrade to the monthly 20$ version with GPT. ......so therefore i ask you.... are on trading-view and i can copy you ??
Hi Michael , I just followed the instructions in your video, and this is my first time doing something like this. However, when I go to the strategy tester, it’s showing me that the net profit is -$39,855.01. I’m assuming I did something wrong. Could you please help me figure out what might have gone wrong?
I suggest you re-watch this video and make sure to stick to all details I mention there. Asset, Timeframe, 1D chart, Which chart to use, When to buy and sell and so on.
Have made a video about that also, it's here: ruclips.net/video/BgZg3eqJeVE/видео.html It was a community request, so I made it. Hope it helps (it's a game changer to be honest) 😉
This is the best video on the internet in the whole wide world. I don’t know how God was able to create some humans in the form of angels like the maker of this video. 🙏
i WANT A TRADINGVIEW CODE FOR strategy below weekly chart stocks-large caps price and sma20 Rsi(14) and levels 60 and 40 buy or long position condition buy at corresponding price when Rsi(14) cross above 60 level on Rsi 14 chart exit long position exit long position when price crosses below sma20 line on price chart WHAT ARE RESULTS AS IT S HOW TO IMPROVE THIS Give me the tradingview code
What about risk management? No plan for stoploss or position sizing is gambling….. Max capital on each trade and max drawdowns close to 50% is way to much to handle for most traders I guess😅
That’s even little profit. The free Gaussian Channel Strategy, which you can get access to for free makes 1800% in the same timeframe. That’s the magic of trend following. Many don’t understand. But they will. www.tradingview.com/script/o6oQGR51-Gaussian-Channel-Strategy-v3-0/ The same settings used in this strategy were also used in this video.
Here is the code for who didn't find: You are a professional PineScript version=5 developer. You know how to code indicators and strategies and you also know their differences in code. I need your help to turn a TradingView indicator into a strategy please. Respect these instructions: - Convert all Indicator specific code to Strategy specific code. Don't use any code that a TradingView Strategy won't support. Especially timeframes and gaps. Define those in code so they are semantically the same as before. - Preserve the timeframe logic if there is one. Fill gaps. - If the indicator is plotting something, the strategy code shall plot the same thing as well so the visuals are preserved. - Don't trigger a short. Simply go Long and Flat. - Always use 100% of capital. - Set commission to 0.1%. - Set slippage to 3. - strategy.commission.percent and strategy.slippage don't exist in PineScript. Please avoid this mistake. Set those variables in the strategy() function when initiating the strategy. - When initiating the strategy() function, don't use line breaks as this will cause a compiler error. - Leave all other strategy settings to default values (aka. don't set them at all). - Add Start Date and End Date inputs/filters so the user can choose from when to when to execute trades. Start with 1st January 2018 and go to 31st December 2069. - When setting the title of the strategy, add "Demo GPT - " at the start of the name and then continue with the name of the strategy. This is the code of the Indicator you shall migrate to a TradingView Strategy:
I'm trying the exact same way you are explaining it with the best versione of trading view and the best versione of chat got, and for best I mean the most expensive version, and it doesn't work. It keeps giving me errors.
I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio dwindle away is such an eye -sore.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
@@hunter-bourke21Impressive can you share more info
Definitely! All of this happened in less than a year after *Izella Annette Anderson* told me what to do. I started with less than $100,000, and now I'm about 17,000 short of having a quarter million dollars.
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.
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!
It took me four years to discover that forecasting the market based on charts is pointless; you never know what will happen.I have a little over 250k i wanted to put in the markets but I don’t know what direction to head now. Any guidance in this regard would be much valued.
I think A.I. will be the next major trend. To achieve lasting growth like META, it's essential to avoid impulsive decisions influenced by short-term changes. Emphasize patience and a long-term view, and most importantly, seek financial advice for informed buying and selling choices.
Many folks overlook the importance of advisors until their emotions cause them problems. I recall a few summers ago, after my lengthy divorce, I needed support to keep my business going. I searched for licensed advisors and found someone extremely qualified. She helped grow my reserve from $175K to $550K, despite inflation.
This is definitely worth considering! Do you have any recommendations for professionals or advisors I could speak with? I really need help with proper portfolio allocation.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Judith Lynn Staufer” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look her up.
Technical analysis is about taking emotions out of the trade and about probabilities. Risk management by calculating risk / reward and setting an optimal (trailing) stop loss is rule number one. I don't trade much. I am an investor and combines fundamental and technical analysis into rational analysis.
Intresting I see you where using the Daily chart for the indicator does it work for smaller time frames like 15mins- 4 hour?
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
Great explanation of trading techniques, well done! The fact that Anesaurus signals (where beginners copy professionals and profit) wasn’t mentioned is surprising.
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.
Ive been making my own and it is nice to see you doing this too. Good going Michael!
This is insane! THANK YOU. Ready for the video on multiple indicators!
YOU ARE A GREAT GUY - thanks a lot for this very interesting 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!
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
Do you have to be a paid Tradingview member?
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
Can strategies be automatically executed with trading platforms such as we bull
Michael, The last two strategies created have completely different total profit and total drawdown from your original versions of those strategies. What went wrong with the conversion? Why those huge differences?
100 likes 😄 so humble. Very well explained thanks i found it very helpful!
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
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
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
Learned so much here, thanks for taking the time to explain. Recently covered a similar topic on my channel.
Great Michael! Simply great! thanks for sharing this wonderful knowledge and experience. I am going to apply for some of my custom indicator.
Thank you sir.But please tell me where can I find exactly the prompt?
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 :)
Im working on my strategy where i try to reverse position (from buy to sell & v.v) when SL is hit. GPT gives exact details in accordance to my strategy condition but the results doesn't do the same.
thanks! may I ask how it works with the stop loss? because I created some winning strategies but the trade never closes when its on drawdown lol, it only closes in profit.. how much of a stop loss is setted up for this strategies?, you never mentioned that..
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
Hi Michael,
Thanks for such good explanation.
I just didn't understand how in the first place, you created your own strategy, which you referred to during the video? Is there a video that explains this?
It blows my mind that he's not mentioning anesaurus (where beginners can just copy professionals and be profitable).
wow just wow! Very nice video, thanks and subscribed!
🎉🎉🎉 here comes your chilling fan from Uganda. I am here to stay, proper along 🎉🎉🎉
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 !🍼🍼🍼🍼
'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 🙏
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.
Very helpful. Can we specify the start and end date ?
Love u man! Thanks for this
I'll be grateful if you could share how to create multiple indicator strategies
Could u make a video using two or more indicators? Also i see that's more like for the spot trading, could u make a video for futures? And providing certain rules to place a stop loss at the previous higher high or lower low? Thanks again and really nice videos
I'm working on that video to create a strategy with multiple indicators included.
I focus on Spot only. Don't want to promote leverage or similar things.
@@michaelionita do you then automate with 3commas?
I love the video. and I am subscribing. I like the way you present. I am curious if these are the exact instructions you used, copied and pasted? There seems to be a typo or omission in the second line of your instructions. they worked, just like this?
Thanks for changing lives ,do you also make AI for selling ,I would want to buy one from you
Glad I’m able to inspire 🥳
No I don’t sell AI, I sell into 2 things when people need:
1) Https://signum.money/ the easiest way to to automate all TradingView strategies
2) autotrading.vip my education where I teach my entire automation and risk management process and where I give access to my personal strategies.
I slapped that Like button.
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..
This is fantastic, thank you!!
Great video bro. Thank for sharing
Question, so if you bought Bitcoin in October 2016, the value would have increased by approximately 10,335.38% as of October 28, 2024. And your Bollinger band strategy 1187%, what's good with that?
You had a 85% Drawdown in your portfolio doing so. Not so great. Many don't understand this. I made a video about it: ruclips.net/video/tapeJzdh61o/видео.htmlsi=KiBlrZnHoEyDr6RF
Thank you very much Michael. I was searching a content creator like you for a long time. Could you create a video to combine several indicators into a strategy as well? I mean not just one indicator in one strategy. It’s because sometimes I find a single indicator strategy doesn’t work all the time. We need another filtering indicator (like adding one to your Supertrend strategy). (Just found it this video>100 likes and you promised to make a video on advanced strategies of combining multiple indicators.)😅
Another question: the number of exchanges/ broker platforms that accept bot instructions is still limited. How can we automate the trading with TradingView platform alerts? Or we just have to do them manually still? I used ToS and HSBC platforms mainly.
Thank you 🙏 happy you like it.
Yes I will work on that video next 💪🏻
You simply use signum.money/ (my software) and it automates all strategies that exist on TradingView.
I have a video about that on my channel.
Please make a video where you combine different indicators into one strategy... Awesome video btw ! :)
I will do that video next 👍
Thank you 🙏
immigrant I saw u say that to 5 pepole that video next but u don't do that video next how can u do 5 videos next u are a scammer I'll report you your see the concecuinses ul see
CAN YOU DO VIDEOS FOR FOREX, GOLD AND US30 PLEASE? MANY OF US DONT TRADE CRYPTO. THANKYOU
Very, very interesting video. Thanks very much for posting it. Is there some way to combine multiple indicators into a single strategy? Because if there is, it would be brilliant!
I’m also wondering that and I mentioned in this video, that if I get enough likes I will do that video - and yes it happened. So keep an eye out for that 👀🥳
@@michaelionita yes please combine multiple indicators into a single strategy, is the next video we want!!! thank you so much
Great topic, thanks👍
Thank you for the idea. But if you look at it: The Bitcoin grew over 2000% in your period of strategy. So you could have just made buy and hold and would earn more. ..
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.
question is this profit in actual cash trades ? . or is it backtesting a script .
Can you give us the script to use this in think or swim?
I'm a bit confused by this. It's different when trading in real-time compared to looking back retrospectively about what you might have done. How does this apply to real-time trading?
Not sure what you mean. Nobody can see the future. And this a trend following strategy :-p You can do real time trading but most people on this plant cannot and should not.
I've tried multiple times but keep getting this error:
Line 2: Mismatched input 'end of line without line continuation' expecting ')
-any solution?
When will Signum be able to take short positions?
Man, God danm great video! Thank u very much for sharing this knowledge!!!
Thank for the awesome technique testing. Is it work with Equity?
Does this only apply to BTC?
sir pleaese provide the video 1min timefame chart stratgy this video you timeframe (day) selected
Thanks so much Michael. Very Nice
Another amazing video, as always. You've completely revolutionized the way I trade, I will forever appreciate and follow your content 🎉
I tested your script on Nifty, but the strategy did not generate any orders. If you don't mind, could you please share your Pine Script? I would be very thankful.
Sure, I shared the script here: ruclips.net/video/BgZg3eqJeVE/видео.html
Looks like the bull market support only works on higher time frame day and week
CAN SOMEONE SHARE THE CODE PLEASE?
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.
Thanks so much Michael. This is brilliant. Really appreciate your work as always. Looking forward to your next video.
Thank you for the video, can you tell me if it Is possible to create a strategy that uses two or more indicators?
Hey, why is Chat GPT 1.o better than Chat GPT 4.o ?
Because 01-preview is the latest model (01 is coming later and hopefully also has support for reading files).
what program are you using to enter source code, charts etc?
Looks like Visual Studio Code
how do i copy the prompt because i dont see it anywhere here please how do i copy
Awesome stuff! I’m not sure which is easier and less expensive to do o1-preview or Signum
It seems like every time I ask a question on RUclips I, myself answer it minutes later. It’s kind of strange. So using o1-preview turns an indicator into a strategy and Signum turns the strategy into a bot? What exchanges with Signum that allows U.S. peeps?
WoW!! Michael you really cool and professional! What should I do to get money from trading on the market?
Thanks ❤! We want for multiple indicator
Great info as always! I would like to see the results of more realistic setups. For example with 1000 usd initial capital and 1% risk management and also for lower time frames. Finally as another guy mentioned before, how to combine more than one indicators using this technique? Thank you so much!
How can i combine different indicator (with sequence and conditions) using GPT and become a strategy?
This is THE question, isn't it :)
I'm working on what video. It's hard but it should be possible.
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
you are "wow" so ****** cool. Thank you so much for sharing!! Now I need to get of my ass and start kicking some ass!!
could chat GPT make a strategy out of 2 or more indicators?
Can we convert the strategies in alerts or trading bots?
Yes, watch this: ruclips.net/video/UQqt1Sr-FH0/видео.html
Hello Michael thx for your video ! really great ........i guess you have to upgrade to the monthly 20$ version with GPT. ......so therefore i ask you.... are on trading-view and i can copy you ??
Hi Michael , I just followed the instructions in your video, and this is my first time doing something like this. However, when I go to the strategy tester, it’s showing me that the net profit is -$39,855.01. I’m assuming I did something wrong. Could you please help me figure out what might have gone wrong?
I suggest you re-watch this video and make sure to stick to all details I mention there.
Asset, Timeframe, 1D chart, Which chart to use, When to buy and sell and so on.
Great Stuff Michael 👍👍👍 Kindly make video on creating Strategy from multiple indicators
Awesome video. Hard to imagine it can be that simple. :)
But what if I wanted to build a strategy from multiple indicators?
also wondering this
might play around with the prompt a bit and see if adding more indicators as confluences can increase the return
Have made a video about that also, it's here: ruclips.net/video/BgZg3eqJeVE/видео.html
It was a community request, so I made it. Hope it helps (it's a game changer to be honest) 😉
This is the best video on the internet in the whole wide world. I don’t know how God was able to create some humans in the form of angels like the maker of this video. 🙏
i WANT A TRADINGVIEW CODE FOR strategy below
weekly chart
stocks-large caps
price and sma20
Rsi(14) and levels 60 and 40
buy or long position condition
buy at corresponding price when Rsi(14) cross above 60 level on Rsi 14 chart
exit long position
exit long position when price crosses below sma20 line on price chart
WHAT ARE RESULTS AS IT S
HOW TO IMPROVE THIS
Give me the tradingview code
Like button destroyed! Awesome as always🫡♠️
What about risk management? No plan for stoploss or position sizing is gambling….. Max capital on each trade and max drawdowns close to 50% is way to much to handle for most traders I guess😅
The question is, would someone be comfortable using strategy with 45%, 58%, 49% and 47% drawdown ?🤨
do these strategies consider the commission or fees the broker takes?
Yes.
730% off 19 trades and a 30+% win rate. Doesn't add up. What capital are you using?
That’s even little profit.
The free Gaussian Channel Strategy, which you can get access to for free makes 1800% in the same timeframe.
That’s the magic of trend following. Many don’t understand. But they will.
www.tradingview.com/script/o6oQGR51-Gaussian-Channel-Strategy-v3-0/
The same settings used in this strategy were also used in this video.
I want to see this work just for one day in the market, during market hours only.
please make 'radius trend' and hull suit combined into one strategy plz
I am using my phone. I cant find where to get the source code.
Please assist.
Via phone you will not be able to use the PineScript editor.
Comment analyser les mouvements du marché efficacement ?
Does this also work on lower timeframes?
Here is the code for who didn't find:
You are a professional PineScript version=5 developer.
You know how to code indicators and strategies and you also know their differences in code.
I need your help to turn a TradingView indicator into a strategy please.
Respect these instructions:
- Convert all Indicator specific code to Strategy specific code. Don't use any code that a TradingView Strategy won't support. Especially timeframes and gaps. Define those in code so they are semantically the same as before.
- Preserve the timeframe logic if there is one. Fill gaps.
- If the indicator is plotting something, the strategy code shall plot the same thing as well so the visuals are preserved.
- Don't trigger a short. Simply go Long and Flat.
- Always use 100% of capital.
- Set commission to 0.1%.
- Set slippage to 3.
- strategy.commission.percent and strategy.slippage don't exist in PineScript. Please avoid this mistake. Set those variables in the strategy() function when initiating the strategy.
- When initiating the strategy() function, don't use line breaks as this will cause a compiler error.
- Leave all other strategy settings to default values (aka. don't set them at all).
- Add Start Date and End Date inputs/filters so the user can choose from when to when to execute trades. Start with 1st January 2018 and go to 31st December 2069.
- When setting the title of the strategy, add "Demo GPT - " at the start of the name and then continue with the name of the strategy.
This is the code of the Indicator you shall migrate to a TradingView Strategy:
I'm trying the exact same way you are explaining it with the best versione of trading view and the best versione of chat got, and for best I mean the most expensive version, and it doesn't work. It keeps giving me errors.
Strange. Join our Telegram, we help people there.
Using ChatGPT o1-preview should work. No other OpenAI model can do it. Take care.
Nice video thanks brother