How to use ChatGPT for trading (Part 3)

ChatGPT is the topic of the day on the internet! Let's see how artificial intelligence (AI) can be used in the field of online trading (Part 3).

Reading Time: 6 minutes         Financial activity: Trading          Knowledge level: Beginner

Summary

Also champion traders are testing ChatGPT!

Conclusions

Also champion traders are testing ChatGPT!

I hope you have read the first and the second of these multiple posts about ChatGPT.

You know that ChatGPT can be used as an assistant in programming the code of automatic trading systems and I found out that famous trader Kevin Davey is also trying it this way (look this video).

Kevin Davey is a champion trader (that's how he defines himself) with a very great experience in algorithmich trading; these are his results in Robbins Cup:

Source: KJ Trading Systems (screenshot by Author).

In the aforementioned video, Kevin asked ChatGPT a very interesting question: "Give me Tradestation code for an Andrea Unger style trading algo strategy"  (Andrea Unger is another famous champion trader) and obtained a code that, in reality, Andrea would never have written!

I couldn't resist the temptation and so I too asked ChatGPT a series of similar questions:

Source: ChatGPT by OpenAI (screenshot by Author).

Kevin is well-known by ChatGPT as well!

So, give me a good code!

Source: ChatGPT by OpenAI (screenshot by Author).

Surprise. No code, unlike Davey's video.

Perhaps ChatGPT learned from the discussion with Kevin; in any case, the answer is more correct than providing improbable code.

Source: ChatGPT by OpenAI (screenshot by Author).

Conclusions

Kevin Davey comes to these clever observations:

Source: Davey's YouTube video (screenshot by Author).

I'm 100% agree!

ChatGPT can help, but you must do the job.

It's fundamental to learn how to program your trading platform, how to backtest the trading systems, and how to judge the metrics that you obtain.

It's a long and difficult path, I know it, but with good teachers like Kevin you can get a good satisfaction.

A sincere wish of good work to all!

Written by F. GRAMOLA (*).

(*) Member of S.I.A.T., the Italian Society of Technical Analysis (member society of I.F.T.A. – International Federation of Technical Analysts).

Warning

We merely cite our personal opinions for educational purposes only.

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Investing and trading are risky. Don't invest or trade money that you cannot afford to lose.

Initial Photo by Jonathan Kemper on Unsplash.