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Author Topic: Has someone tried to use ChatGPT to help in trading?  (Read 811 times)
JooBra (OP)
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January 24, 2023, 06:38:10 PM
 #1

I see a lot of people are using ChatGPT for various reasons and with that there are now so many videos how it can help it with writing trading scripts etc. Has someone tried it until now?
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January 24, 2023, 08:14:22 PM
 #2

I see a lot of people are using ChatGPT for various reasons and with that there are now so many videos how it can help it with writing trading scripts etc. Has someone tried it until now?

I'm not sure how a AI can help us in our crypto trading it, perhaps those crypto bots might help because it will automate everything for us. But ChatGPT has limitations as it is still human who need to feed data to it.

Also, we have similar topics here:


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January 24, 2023, 08:27:42 PM
 #3

but for now ChatGPT cannot be used, maybe because it is full or too many users are logged in.
I'm also curious about his intelligence. In fact, not only helps in trading, in any way ChatGPT can be used and put to good use. Seeing the many reviews on YouTube is truly extraordinary and beyond expectations.
Maybe this is the most sophisticated and smartest AI robot at the moment, it can replace a programmer.

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January 24, 2023, 09:23:28 PM
 #4

ChatGPT is a machine learning language model that can be used to generate human language. It can be used to write text, answer questions, and more. However, this so-called AI has nothing to do with the actual process of trading, nor does it have anything at all to do with predicting market movements.

In fact, the whole idea is somewhat absurd. If you want to predict the market, use historical data and create a model based on that data. Could you use the OpenAI engine for that? Probably yes. But I do not see how ChatGPT relates to this at all. By the same logic, has anyone tried to use DALL·E to help in trading?

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January 24, 2023, 09:26:49 PM
 #5

I see a lot of people are using ChatGPT for various reasons and with that there are now so many videos how it can help it with writing trading scripts etc. Has someone tried it until now?

I'm not sure how a AI can help us in our crypto trading it, perhaps those crypto bots might help because it will automate everything for us. But ChatGPT has limitations as it is still human who need to feed data to it.

Also, we have similar topics here:

Agree into this post or response.

@OP, you should look up into these threads on which it would really be ideal on reading up others response in related to this not only speaking about trading matters but also there are people who do consider out
on making some usage of these AI's when it comes to their gambling activity or hobby which we do all know that it isnt something to be that relevant which its true that it would still needing up to be feed up
with information for a certain AI to have these informations plus we know that speculative things isnt something that could be handled  out which i dont see on how they do make out those considerations
on trusting up which i do see that human beings is more better when it comes to kind of approach specially on gambling and trading.

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January 24, 2023, 09:33:30 PM
 #6

but for now ChatGPT cannot be used, maybe because it is full or too many users are logged in.
I'm also curious about his intelligence. In fact, not only helps in trading, in any way ChatGPT can be used and put to good use. Seeing the many reviews on YouTube is truly extraordinary and beyond expectations.
Maybe this is the most sophisticated and smartest AI robot at the moment, it can replace a programmer.
He is asking if the AI can help write a trading script or strategy. Obviously the AI doesn't have to predict the future market movements but rather create a script based on the available market indicators and probably public scripts already coded by other traders or programmers.

That's what OP is asking about.

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January 24, 2023, 09:39:56 PM
 #7

I see a lot of people are using ChatGPT for various reasons and with that there are now so many videos how it can help it with writing trading scripts etc. Has someone tried it until now?

I have never tried to use it and I'm not sure if I will ever be using it. To be honest I can't really think of how an AI will be able to predict the movement of market during trading but I'm sure that within a short period of time most YouTubers are going to start using it to text out trades if trading with chatGPT will give any good results or if it will end up as a bad trade ( i.e if it hasn't already been done.).

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January 25, 2023, 12:26:43 AM
 #8

It's probabky good for teaching the basics but might not be able to give options on the information it's learned from (it also doesn't have access to the Internet so might not give you strategies that work at the times you want them to or one's that aren't as efficient).

I don't think chatgpt can do much ahead of reading the literature though and you can access that yourself and work out what's useful/helpful and what isn't.
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January 25, 2023, 01:15:07 AM
 #9

I see a lot of people are using ChatGPT for various reasons and with that there are now so many videos how it can help it with writing trading scripts etc. Has someone tried it until now?
If you are curious about it you could try to do it yourself and then report your experiences, and while it could be interesting to see what results you get you should not hold high hopes for it, if you want to seriously trade the markets and profit from them there is no other option but to read several books about it and dedicate months or even years to the topic, otherwise is better for you to simply give up on the idea and become a long term holder.
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January 25, 2023, 01:30:25 AM
 #10

ChatGPT is not showing any photos of chart and also candle stick pattern mostly it respond on you on your question but you can read it but it is difficult without any photos showing in the chart. I havent tried it but for sure you will know some basics and not in-depth on it. It is better to watch videos and search on google to learn trading. ChatGPT is just good when you have questions and it can easily respond to you fast
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January 25, 2023, 03:44:20 AM
 #11

I see a lot of people are using ChatGPT for various reasons and with that there are now so many videos how it can help it with writing trading scripts etc. Has someone tried it until now?
Actually the AI tool is just giving you the best possible answer that you can find on google which means it isn't creating anything new on its own so its not really capable of giving you any results in trading other than some blogs written million times on different topics, outline, etc.

I tried the tool and it gives more generic reply for our keyword and nothing else.









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January 25, 2023, 04:32:55 AM
 #12

I would not trust AI for this even ChatGPT. Trading is a very complex one, there are already some before, a trading bot which is driven by some configuration based on what you need. But for AI, it's very difficult, you may lose your money. Maybe yes, AI can be used but don't expect that it is 100% guarantee you will win on every trade.

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January 25, 2023, 04:39:06 AM
 #13

Artificial Intelligence can actually come in very handy when trading using bots. It can ease a lot of strategies and take over the human to watch the market and react to market changes. For example imagine the altcoin market where a shitcoin is chosen daily to be pumped, AI can detect those and report it to the user to act on them. Then the AI could continue watching the shitcoin market to analyze the volume and orders that are being placed and decide how much the user should unload at what prices (eg. 10% of the bought coins after 20% profit, 40% after reaching 50% profit and so on).
Trading bots sometimes have something that resembles what I explained.

ChatGPT on the other hand, is not designed to do something like this. It is also very broken at times with the flawed answers it will give you. Bottom line is that you'd need a specialized AI for trading not this generalized one.

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January 25, 2023, 06:46:57 AM
 #14

but for now ChatGPT cannot be used, maybe because it is full or too many users are logged in.
I'm also curious about his intelligence. In fact, not only helps in trading, in any way ChatGPT can be used and put to good use. Seeing the many reviews on YouTube is truly extraordinary and beyond expectations.
Maybe this is the most sophisticated and smartest AI robot at the moment, it can replace a programmer.

The smartest AI robot is not as intelligent as the brain of a 1 year old child, human brain tries to avoid mistakes where money is staked. ChatGPT is programmed to decrease human labor on different niches of the internet, and may not be efficient to serve as a relatable guide to trading. It'll make good predictions about the market, and could go through other trading bots to fetch information, but trusting that the bot is smarter than us is laziness, and an unexpected lie. I always see ChatGPT as a means when I'm not energetic to carry out a task; trading or writing. It helps programmers write good programs. But, I noticed that the human labor is not completely wiped out, humans always want a do it all technology, yet we still have to crosscheck all the results these robots provide. Glancing on the trading results it provides could eat up more energy and still go wrong. I'd advise that, trading requires money so traders should invest additional time while making trades. AI may not give us what we expect.

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January 25, 2023, 07:07:26 AM
 #15

but for now ChatGPT cannot be used, maybe because it is full or too many users are logged in.
I'm also curious about his intelligence. In fact, not only helps in trading, in any way ChatGPT can be used and put to good use. Seeing the many reviews on YouTube is truly extraordinary and beyond expectations.
Maybe this is the most sophisticated and smartest AI robot at the moment, it can replace a programmer.

They were updating I think and maybe the next version will make it smarter that it can already predict the future outcomes of the market. When it was available months ago, it becomes very useful for the students to actually come up with unique articles to publish.

Many publishers had actually taken advantage of it. I think the ChaatGPT next version would be paid version. Those who can pay the subscription will have the edge over the others and if it can be helpful in trading, I guess subscribing will not be bad.


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January 25, 2023, 07:18:48 AM
 #16

I see a lot of people are using ChatGPT for various reasons and with that there are now so many videos how it can help it with writing trading scripts etc. Has someone tried it until now?
I wouldn't trust chatgpt with my money and my trading decisions.

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January 25, 2023, 07:26:21 AM
 #17

but for now ChatGPT cannot be used, maybe because it is full or too many users are logged in.
I'm also curious about his intelligence. In fact, not only helps in trading, in any way ChatGPT can be used and put to good use. Seeing the many reviews on YouTube is truly extraordinary and beyond expectations.
Maybe this is the most sophisticated and smartest AI robot at the moment, it can replace a programmer.

They were updating I think and maybe the next version will make it smarter that it can already predict the future outcomes of the market. When it was available months ago, it becomes very useful for the students to actually come up with unique articles to publish.

Many publishers had actually taken advantage of it. I think the ChaatGPT next version would be paid version. Those who can pay the subscription will have the edge over the others and if it can be helpful in trading, I guess subscribing will not be bad.
I have tried it in meantime and what I can say it mostly gives generic answers but when asked correctly can write some pine script code which is already known. It is good for giving directions. The one I'm exited is the upcoming versions of it... I made this topic to maybe see if someone with something that it can made it more useful then giving mostly generic answers.
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January 25, 2023, 07:50:55 AM
 #18

To be honest, I'm quite curious about ChatGPT because AI technology has been getting a lot of attention nowadays. But I haven't had time to try it yet. But can AI technology really handle human work, especially in trading? I am also curious about this. we are used to seeing how cars are now equipped with AI technology so that cars can be controlled automatically with AI technology. and it looks like it's quite working. now ChatGPT may also be able to help us when asking for trading advice. but I'm not quite sure because I haven't tried it. I hope someone has tried it and wants to share their experiences here.

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January 25, 2023, 11:47:58 AM
 #19

You'd at most get general info with regards to technical terms and then some vague answers to very specific questions. I've tried it, not specifically in trading sadly, but across various sample problems and case scenarios, it has never really given me a proper/solid answer when it comes to things like predictions. It's more like an online dictionary that you can use to get more specific technical terms answered when you need to, like in a scenario where you need to build a pc, ask it about what part x is, what part y is, how to put part z, it's helpful in scenarios like that. 

R


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January 25, 2023, 12:11:52 PM
 #20

A bot will always remain a bot and will execute trades as programed, but am not just certain it can apply multitime frame analysis to define market structure on different time frames and entering trades on the lower time frame after all the analysis has been done.. Perhaps simple tasks like highlighting candlestick patterns, finding highs and lows should be super easy but complex tasks need a pro programmer to aid it.

R


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