Has someone tried to use ChatGPT to help in trading?

[nimogsm]

As far as I know,it is designed for other tasks,but what you offer is quite possible,but not as an automatic robot.Most likely it will be some basics and nothing more,two examples of robots that work on artificial intelligence were thrown off in the topic above and you can study the results of their work.An ordinary trader will simply not need such a robot because it will not facilitate but only complicate the already simple processes.

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[Jawhead999]

ChatGPT isn't a trading tool, it's simply just create a random paragraph from an article or someone thought, if you think ChatGPT is credible and you can trust your money with this bot, I have no words to say for you.

There are many people really want to make money quickly without doing anything, but most people are just stupid for believe anything about automatic tool or robot trading that they think it will work without any understanding behind the tool.

[Strongkored]

There was also a question whether chatGPT could help predict the outcome of a match, but when I tried it it couldn't because chatGPT only processes old data, can't predict the future, so even this won't help with our trading, we as traders have to analyze for ourselves what to do on every trade we do, not think that it will make it easier for us to see what will happen to the market in the future.

[bittraffic]

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.

It may be giving generic answers for now but it already can solve code problems. Imagine what it could do if it's updated. Although it's not designed as trading AI, it can understand what is to do next when markets do some things like buying or selling.

Some people in the Academia are not in favor of releasing OpenAI like this chatGPT. It doesn't have real cognition but once it's programmed to do something upon processing a piece of information, it can be helpful for the future or dangerous to us. Heck, we are already in a mess but adding a robot can make it worse. I think we are not really ready for AIs. Military robots are dangerous enough.

[JooBra]

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.

It may be giving generic answers for now but it already can solve code problems. Imagine what it could do if it's updated. Although it's not designed as trading AI, it can understand what is to do next when markets do some things like buying or selling.

Some people in the Academia are not in favor of releasing OpenAI like this chatGPT. It doesn't have real cognition but once it's programmed to do something upon processing a piece of information, it can be helpful for the future or dangerous to us. Heck, we are already in a mess but adding a robot can make it worse. I think we are not really ready for AIs. Military robots are dangerous enough.

I was thinking the same, this is only version 1 imagine what will be in couple of iterations. Pretty scary I must say... I think it will be like Elon sad, you will need your own AI to defend against other AI. I mean this on big companies. Dunno did you saw constraction worker robot from Boston Dynamic, it looks scary good.

[lixer]

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.

If you are curious then why won't you try it on your own? Just search it up on any of your search engine or browser and the first results should be it. Just click on it and follow the instructions there. It's not about Chatgpt but the talks about AI is inevitable now that we are now in the future and we all know the humans, they aren't contented on what they currently have but they kept on inventing new and interesting things.

AI technology can handle some human work but I haven't heard any yet which work in trading. I think that's because trading has an unpredictable nature and different factors can affect the price so that is something that AIs cant do.

[goldkingcoiner]

This is getting ridiculous. People are over-inflating the importance and usefulness of ChatGPT or any modern advanced AI. Why would anyone use it to trade? There are AI trading bots designed exactly for trading and even then, people prefer not to use them due to the fact that the human mind is still better at doing the task. And when it comes to trading, every little bit of profit/loss counts. Thats not a job that you would want to leave to an AI bot.

One small mistake and all your money is gone. To me, thats waay to risky. And I have yet to hear of anyone, other than the AI developers themselves, becoming rich from using AI.

[bittraffic]

--snip--

I was thinking the same, this is only version 1 imagine what will be in couple of iterations. Pretty scary I must say... I think it will be like Elon sad, you will need your own AI to defend against other AI. I mean this on big companies. Dunno did you saw constraction worker robot from Boston Dynamic, it looks scary good.

Yup, I saw all that even back in 2010, I already saw a dog-like robot from Boston Dynamic that could balance itself and walk around. This itself is already useful. But the newer ones that could hold weapons are the dangerous ones.  If the chaptGPT AI is installed on them, they could really be useful in some industries. Something the businesses can benefit but if it's on military use, it can really be a wipeout weapon that a bunch of them could kill anyone alive. I may be going far ahead but we've seen how smart the robot is, it could reload a magazine and shoot if programmed.

[blockman]

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?

It's clever but I've tried asking some predictions and trading tips through it but it seems not helpful to me. But due to the hype that chatgpt is getting, almost every question is being asked there. Do you guys remember the yellow chick named Simsimi? That's the same as chatgpt but it's not named as an AI. I think anything that's attached to ai is becoming popular due to the interest of everyone. It's a good thing that there's still some restrictions to what it can say and answer.

[CryptocurrencyJunction]

 ChatGPT has recently received a lot of attention, from many people. Chat GPT does not provide as much information about crypto trading 

[karabiber]

ChatGPT is based on instructgpt, which OpenAI released in January a year ago. InstructGPT is the command comprehension optimized version of GPT-3.
ChatGPT, on the other hand, differs from InstructGPT in that it has a stronger ability for ongoing dialog rather than just focusing on responding to a single instruction. That is, it has the ability to understand and respond to spoken language and can interact with people in a manner similar to chatting. For this reason, Chat cannot help you with trading at this time because it does not have the ability to analyze trading terms. Maybe we can see that in the future. I haven't seen anyone succeed in trading thanks to ChatGPT, if there is, we can discuss it.

[Finestream]

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.

Yes it can be a good source of learning but when it comes to crypto trading, I don’t see it working effectively since the market alone is very unpredictable and everything that happens changes from time to time. Although ChatGPT is very useful at the moment especially in businesses since it can gather data about customers needs and preferences, but using ChatGPT for trading strategies for me are still not that effective and so I prefer to use my own skills and strategies that I have built in years trading.

[Coin Gorilla]

With a subscription model being implement from last week, we'll have to see some returns in order to make it a viable long term solution, but I have no doubt that someone will figure it out.

[justdimin]

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 my understanding as well, this bot cannot be integrated to crypto trading as of now but I read that there are developments to code bots with the help of this special breed. I guess it would be like choosing an appropriate tool at right time. When this bot will be capable of solving the practical difficulties of manual trading, I guess there would be better chances for this to be sustaining with crypto traders.

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.

Anyone can create any bot but what about the success ratio? Traders are deliberate on finding an effective bot which is the reason they are turning into AI technology now.

[pawanjain]

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?

It's just an AI bot and I don't think at this point of time it is efficient enough to be used for trading.
Trading requires knowledge, skills and experience. Even then there are many who keep making losses.
Although we can try ChatGPT for experimental purposes but using it for trading would be a bad idea.

[teosanru]

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 tried to use it but I don't think it can help with it. It tried to give me more of a qualitative information than direct numbers or suggestions for trading. I think the problem with the bot is it gives predetermined results by sorting or arranging them differently. It's not yet prepared enough to do predictive analysis. Moreover such a generic bot will never be able to do predictive analysis on trading.

[jossiel]

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?

Trading scripts like making a trading bot for themselves?

I haven't thought of that but I know that chatgpt is really suggesting and giving codes if you ask it to write for a script for specific programming language.

I have an idea but I wouldn't still rely on it if I try to make one, maybe just a reference but not entirely going to be reliant on it.

[dothebeats]

I don't think ChatGPT will help that much in creating new trading algorithms. It's good for casual conversations just to kill time, but ordering it to write code for you will be a hard task and I don't think developers even implemented that feature on the bot. It will not even help you predict basic things in the future, so right now it's best to not rely on this bot to anything related to your finances and investments.

[Kasabus]

As far as I know,it is designed for other tasks,but what you offer is quite possible,but not as an automatic robot.Most likely it will be some basics and nothing more,two examples of robots that work on artificial intelligence were thrown off in the topic above and you can study the results of their work.An ordinary trader will simply not need such a robot because it will not facilitate but only complicate the already simple processes.

ChatGPT may be useful in some other purposes, but not in the field of trading. Although it’s now trending in social media that it can create working strategies in trading, but I doubt if it’s really working after all. Yes, it can be a little of help but in the long run it’s your knowledge and working strategies that will make your trading successful and profitable, and not some datas inserted in the AI machine.

[Distinctin]

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 not tried it for trading purposes but I see it’s more useful in gaining datas and insights when it comes to my other online job that have got to do with language skills. However, with trading, I don’t see ChatGPT will be working as I’m always more dependent on my own expertise. With my long years in trading, my experiences are my sole basis so I can end up trading more profitably.