Using AI to build a trading strategy script, trading signal tool or trading bot

[Bitcoin_Arena]

I curiously want to know.

1. Has anyone here thought about or built a trading strategy script, trading signal tool, or trading bot using the different available AI tools?

2. If yes, did you manage to build something that would at least run?

3. What challenges did you face while using AI?

4. What is the best recommended AI tool for coding for someone who does not have a lot of programming language knowledge?

[BitMaxz]

I've never tried making a trading signal tool or a bot, but for a trading strategy script using the Pine Script test on TradingView, I use the AI Studio on Google to generate a Pine Script strategy and test it on TradingView because I can get fast results testing it and how the strategy works; it is similar to an automated backtesting tool.

However, I don't use that Pine Script right now but I use those script to get some idea to test out some strategies using Pine Script.
About the AI studio, it looks like ChatGPT but I think it follows what I ask for since the scripts it generates are usually working.

I was thinking about trading signals but I don't think this can be easy; it might require a subscription with unlimited API requests because I currently can't find a free API to provide a signal.
My signal that I'm looking for is to give me a signal when the 50EMA and 200EMA cross and some alert for oversold and overbought and some few signals to other indicators like MFI and RSI.

About trading Bot, I don't have a plan to make one; I am more comfortable trading manually.

[AVE5]

I curiously want to know.

1. Has anyone here thought about or built a trading strategy script, trading signal tool, or trading bot using the different available AI tools?

2. If yes, did you manage to build something that would at least run?

3. What challenges did you face while using AI?

I've do away with any AI or trading tool because I've tried it several times but it end me up either loosing or profits like the usual days when luck has to be the determinant of my trading outcome.
I had very bad experience at almost cases I tried using the bot for trading and I don't trust that there's ever going to be anyone worth to be trusted.
It's better use your psychological ability to trade than relying on the AI because you can revert your strategies when market phase challenges too and would also be crucial for risk management.

[programmer3666]

I actually tried something similar before, using AI to take some futures trades, but honestly, it almost wrecked my account. I went in with that mindset of trying to compound trades and thinking I had figured out a working strategy. What I used to do was take screenshots of charts on different timeframes like 15m, 1h, 4h & 1D, then I upload them to an AI tool and ask it to analyze the market structure and predict the possible direction based on the 1h timeframe. Then it would suggest whether to go long or short, along with stop loss levels.

At first, it kind of looked promising because I hit a few winning trades even though the profit was not that much because I capped my TP at 30%, but after a while, the market kept going against the predictions. I even found myself trying to justify the losses and staying hopeful in a kind of delusional way.But bro as time goes on, my account started going red and I had to stop. So, from my experience, I think AI can assist, but relying on it fully for signals without your own solid understanding is a very risky thing, believe me.