Has someone tried to use ChatGPT to help in trading?

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Quote from: JooBra on February 13, 2023, 03:06:30 PM

It's limited very limited. I have tried it at many things. The only way you can make money with him is if you make youtube videos about it ahaha. Beside that it's good to write some school work and similar things. But this is only version one, it will get better and better.

I think that thanks to ChatGPT, spammers on the forum will move to a higher level, which will allow them to publish more meaningful messages that will allow them to participate in the signature campaign. But using ChatGPT for trading will require some knowledge about trading that will be based on fractals.

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Quote from: JooBra on January 24, 2023, 02:38:10 PM

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 chatgpt is used for exactly all the things you mentioned here. Chatgpt is not capable of being used in cryptocurrency trading, it is designed to answer questions and provide information. In this case, even if you don't get help from chat gpt directly, if anyone asks information or questions to chatgpt for details about the analysis of a signal, it can help by answering. so chatgpt can use only in this case but you can yse it directly on your Cryptocurrencies trading.

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Quote from: LUCKMCFLY on March 13, 2023, 11:31:38 AM

What I see is that ChatGPT is the AI option that they launched for everyone to participate and get excited. In fact, AI is very fashionable now, haven't you noticed that now everything is AI? Even so, when they still need to develop a lot, then considering the capacity that gpt chat has, it is not capable of making predictions, in fact for some countries they do not even have it free, and of course there are many AI robots out there on the web , but how to know if they are really AI? it can be robots that extract information from wikipedia and that is something unreliable.

Option or a new addition to the existing AIs that we already have before. There are no restrictions if who can use it or where can we use it, that is why almost all people use this all new AI product called ChatGPT in almost everything they can think of including trading. To call it fashionable seems a little funny because how is this related to fashion lol? Maybe you mean to say trendy because we always hear these words anywhere and it also dominated the crypto world.

ChatGPT is still new and its devs are doing their best in order to improve it but I still don't think that they will be able to make trading a profitable activity in the future. There is no way that these AI can detect if what can happen in the future.

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Quote from: JooBra on January 24, 2023, 02:38:10 PM

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 think the previous ChatGPT version was not that much interactive with the complexity of trading. However, there is news coming to that new version of the ChatGPT is in fact 100x more powerful AI tool as compared to what we had earlier. That is really scary to know because it can process far more complex data such as video processing, animation, multiple interactions with left-out chats, and memory of the same.

I am definitely sure that trading would be another level achievement for the ChatGPT. It can fetch any sort of information throughout the world and it may just get its hands on insider information and make us win any trade. This is really happening and considering the way this AI is developed the possibilities are endless now.

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Quote from: JooBra on January 24, 2023, 02:38:10 PM

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 specifically don’t use scripts for trading. I don’t know the reason, but specifically I feel like it is not safe. I mean at the end of the day, it’s my money only, which is going to be at stake, so why be in auto pilot with pre defined commands in trading. Yes you can use ChatGPT to gain knowledge of the coins and recent price hikes. It will just do quick search from the internet and tell you the latest updates about the coin. In that perspective you can use that and there is no harm in that. But completely giving access to your funds to AI is not safe in my opinion.

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Quote from: JooBra on January 24, 2023, 02:38:10 PM

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?

Not ChatGPT, but I have seen people claim to record massive success trading forex with AI/bots. I said forex because I have heard of bots trading forex not cryptocurrency, I do not know if these bots will also work in crypto trading as well. Since you are asking this question, are you developing an interest or curiosity about trading with AI and bots, if it is so, I will say that it is important to your trading that you at least try to have some knowledge on your own and not start your trading by depending on AI or bots to help you make profit. You will be a trader longer if you learnt to trade well than when you start trading by depending on AI/bots. If they begin to fail you, and there are no other AI and bots that can work, you may just stop trading.

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Quote from: lalabotax on February 19, 2023, 05:45:25 PM

Quote from: JooBra on January 24, 2023, 02:38:10 PM

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?

CHatGPT by OpenAI is exactly a very advanced technology, moreover, this may be quite harmful for us if we cannot optimize our ability, to be probably taken by ChatGPT. They can do many things as we instructed and will help us more than we expect. They are thinking about it.

But so far, I am still not using ChatGPT for any trading cryptos. For, trading crypto is risky. There may be a crypto trading bot using AI, but not from ChatGPT. this is because I still cannot optimize how the use of this. But I see some people are trying it on YouTube. Are they really working promisingly?

What I see is that ChatGPT is the AI option that they launched for everyone to participate and get excited. In fact, AI is very fashionable now, haven't you noticed that now everything is AI? Even so, when they still need to develop a lot, then considering the capacity that gpt chat has, it is not capable of making predictions, in fact for some countries they do not even have it free, and of course there are many AI robots out there on the web , but how to know if they are really AI? it can be robots that extract information from wikipedia and that is something unreliable.

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Quote from: JooBra on January 24, 2023, 02:38:10 PM

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?

CHatGPT by OpenAI is exactly a very advanced technology, moreover, this may be quite harmful for us if we cannot optimize our ability, to be probably taken by ChatGPT. They can do many things as we instructed and will help us more than we expect. They are thinking about it.

But so far, I am still not using ChatGPT for any trading cryptos. For, trading crypto is risky. There may be a crypto trading bot using AI, but not from ChatGPT. this is because I still cannot optimize how the use of this. But I see some people are trying it on YouTube. Are they really working promisingly?

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Quote from: kamvreto on January 24, 2023, 04:27:42 PM

...Maybe this is the most sophisticated and smartest AI robot at the moment, it can replace a programmer.

Considering the fact that ChatGPT was interviewed by Google for the position of a junior engineer with a salary of 183 thousand dollars, this is really an indicator of a high level of intelligence - https://www.pcmag.com/news/chatgpt-passes-google-coding-interview-for-level-3-engineer-with-183k-salary. I think that this level of intelligence will allow ChatGPT to further improve its knowledge.

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Am not really a fan of trading bots because everyone knows they lag, but for my research I did make use of YouTube to get some answers and the numbers are disturbing!!

How the heck can a trading bot have 30,000% profit or 42,000% profit and you are out there telling the world you have the recipe to success this topic of ChatGPT is turning out to be a scam.... Though the best I have gathered is the the bot suggesting the best possible strategies to trade or use indicators which sounds more realistic than ChatGPT doing the trades itself.

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Quote from: JooBra on January 24, 2023, 02:38:10 PM

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 think that Chatgpt can be of any help in trading because it has limitations, so far it only knows the data till 2021.
So it's completely unware about the data and incidents after 2021. So in this case till now it will not to able to share knowledge with you which published after 2021. So I think those all videos and scripts are fake who promote that chatgpt can help out with trading.
But I think it can help you in this case showing the step how you can learn the trading professionally and it can give the suggestion from the starting step to end, so it can help to trading only in this way.

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Quote from: JooBra on January 24, 2023, 02:38:10 PM

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 actually, but I have seen a video on YouTube regarding this topic. From what I know, you can not directly ask the AI to predict it for you and even if you as it with some trick question, the answer is just random, or it can't be accurate.
As in the video, I saw the ChatGPT predicted the price will be $17500 and as the video was few days old, I was able to verify it. The prediction was way off. It was $16800 on that day.
But if you can make it write codes to create trading bots, then that's some other topic. As I have no knowledge in coding, I can't tell whether it is helpful or not.

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Quote from: x88 on February 11, 2023, 08:32:35 AM

I know someone use ChatGPT on researching new project. However It's limited to use it on daily trading.

It's limited very limited. I have tried it at many things. The only way you can make money with him is if you make youtube videos about it ahaha. Beside that it's good to write some school work and similar things. But this is only version one, it will get better and better.

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I know someone use ChatGPT on researching new project. However It's limited to use it on daily trading.

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I think that many when the GPT Chat went on the air, the first thing they thought about was using it for trading, I asked questions, but I know that it is not an AI to make predictions, it has very good information, but I think it is still very limited, I would have I liked that it had that option of predictions, because that way you could do beta tests, but I know that people would not use it for those purposes but to earn a lot of money, so I think they evaded it that way to avoid a great world disorder, a great uproar where all things got out of control but I couldn't deny that there are already many people using some AI for these purposes.

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Quote from: Cryptomultiplier on January 30, 2023, 05:45:36 PM

One hard thing to do is to make a decision. It is especially harder when it concerns financial investment or earnings. Trading is one sure activity that requires one to be very decisive and responsible for the decision. ChatGPT cannot help one make decisions to this effect.
Any computer or man made tool or tech which can provide answers to some questions we ask it now, is all but 'garbage in, garbage out. Those that can predict trends like for stocks, had the algorithm built into them. It just calculates based on the telementary of its algorithm with the figured it is provided with.
It is so much so that google, calculators, some social media sites provide stored answers; asking these tools to help one make a decision on future outcome of events, based on its result right now is absurd.

Yep it is still all you depends on how you decide things. I believe that AI is there to help you support your decision and add some validation on your final conclusion. We know that AI feeds on the information we gave them and those information are the one we are using to make a decision on the things we want to know, I will personally use it to support my final decision. AI is helpful and can even be used in trading, It's a waste if we don't use the technology we currently have which is a really good tool in decision making.

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One hard thing to do is to make a decision. It is especially harder when it concerns financial investment or earnings. Trading is one sure activity that requires one to be very decisive and responsible for the decision. ChatGPT cannot help one make decisions to this effect.
Any computer or man made tool or tech which can provide answers to some questions we ask it now, is all but 'garbage in, garbage out. Those that can predict trends like for stocks, had the algorithm built into them. It just calculates based on the telementary of its algorithm with the figured it is provided with.
It is so much so that google, calculators, some social media sites provide stored answers; asking these tools to help one make a decision on future outcome of events, based on its result right now is absurd.

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Quote from: dothebeats on January 30, 2023, 03:11:18 PM

I tried asking something along the lines of your question and it returned me the same result. Honestly, props to the creators of ChatGPT because they don't try to milk the popularity of their AI. They are blunt with the limits of its technology and does educate the user as to why it's not advisable to let someone decide for your financial moves. There are some specialized AIs that can predict prices for stocks within the next few minutes, and an hour at most. They use this highly in stock trading and is constantly being updated to match with the current scenario in the stock market. Perhaps, if these AIs go public, people can use this and try whether what information it gives out is useful or not.

That is both for their moral reasons I am sure, but it is also because of legal reasons. Can you imagine if chatgpt gave financial advice? That would mean that if you end up following what it says and you lose money, there is a good chance you could sue them and if they allowed such a feature that means millions may have done it and millions would sue. They wouldn't want a headache like that, I am certain that they wanted to just be okay with it and they just wanted to keep it going.

This way they would be able to get rid of any potential bad lawsuits coming their way. I am sure they also wanted to avoid that for moral reasons too, but that wasn't the first reason for sure, it was legal reasons first.

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Quote from: Alone055 on January 28, 2023, 01:48:34 AM

I've tried it after reading your post to provide an example of what it says when asked about future predictions of cryptocurrencies, in my case, I asked it about the price of Bitcoin after a week from today, and here is what it said:

I tried asking something along the lines of your question and it returned me the same result. Honestly, props to the creators of ChatGPT because they don't try to milk the popularity of their AI. They are blunt with the limits of its technology and does educate the user as to why it's not advisable to let someone decide for your financial moves. There are some specialized AIs that can predict prices for stocks within the next few minutes, and an hour at most. They use this highly in stock trading and is constantly being updated to match with the current scenario in the stock market. Perhaps, if these AIs go public, people can use this and try whether what information it gives out is useful or not.

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Quote from: Jawhead999 on January 25, 2023, 08:45:49 AM

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.

It’s like that every opportunity that comes, people will seize for it even if they end up believing that ChatGPT is a way to make money in trading. But the problem is they don’t even know what ChatGPT is all about and I think it’s never gonna work in trading as trading will never be fixed and will always follow an uncertain market. And since ChatGPT has it’s also limits too, though it’s goodly set for business and in other massive learning ideas, but when it comes to trading, i just think this chatbot is never enough to predict a successful trading.

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Quote from: JooBra on January 24, 2023, 02:38:10 PM

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?

As per my little knowledge chatGPT can't be used for trading. ChatGPT can tell you about the history of different cryptocurrencies but it cannot predict the future.
Yes, you can say that it should predict the future based on the past data, but price of bitcoin and cryptocurrencies are highly volatile and this is a manipulative market which no AI can predict perfectly.

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Quote from: JooBra on January 24, 2023, 02:38:10 PM

I see a lot of people are using ChatG*PT 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 possible to create one that learns from best traders/predictors or copy them. But this will be highly immoral if credit is not given to those it copies or learn from. I for example would never want such thing to copy or learn from me as I find it very untrustworthy and parasitic

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It's better to have your approach on it and use ChatGPT for learnings rather than to be used as a source of decisions. There will come a time when you are finding someone, or in this case, a thing, to blame for why you lost in a trade. It could be a better thing like learning and not for predictions because its data is not real-time and is not always accurate.

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Yes I peeked and tried this chatpgt too. It seems to be almost the same as google search, but the only difference is that it does not advance the questions you will make, unlike google, even if your question is not yet complete, it gives options to our researchers.

So for me, it still needs to be improved in the future in my opinion.

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Quote from: eaLiTy on January 28, 2023, 02:25:45 PM

Quote from: Russlenat on January 28, 2023, 12:59:31 AM

~
ChatGPT can be helpful in some tasks like if you are in teaching and learning scenario, but for trading, it’s hard to predict and analyze the market if the market alone is very unpredictable.

ChatGPT will help in creating scripts if you know what to input. You need to have the knowledge to do some edits to get a proper script with the output in order to incorporate with trading and it can be used as a trading bot. You can find several videos online where people are creating trading scripts with ChatGPT . So it is possible to create a trading bot.

Yeah I did that but still with a bit of googling and knowing where to look you can find same thing. Only good thing is that ChatGPT find it for you.

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Quote from: Russlenat on January 28, 2023, 12:59:31 AM

~
ChatGPT can be helpful in some tasks like if you are in teaching and learning scenario, but for trading, it’s hard to predict and analyze the market if the market alone is very unpredictable.

ChatGPT will help in creating scripts if you know what to input. You need to have the knowledge to do some edits to get a proper script with the output in order to incorporate with trading and it can be used as a trading bot. You can find several videos online where people are creating trading scripts with ChatGPT . So it is possible to create a trading bot.

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The ability to generate human-like text allows GPT models to be used for tasks such as natural language processing, content generation, and data analysis. Some people may be using GPT-style models to assist with tasks related to trading, such as analyzing market data or generating trading ideas. So yes very possible

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Quote from: m2017 on January 28, 2023, 12:55:53 PM

my question is, how well will this script be written by ChatGPT? Will there be some kind of failure or bug at the most inopportune moment? All the same, your money will be at stake and this is fraught with big losses.

When it comes about trading, then failure is also just part of it. No one could give a perfect script for a trading bot which will never book a loss. I am just curious on hearing success stories on chatGPT from crypto traders. It might take some time but I am confident about something such to hit this community as well in real soon.

But the point is, when everyone or at least 50% of crypto traders are making use of scripts by chatGPT then the competition for grabbing a reversal levels will be huge which again lead traders to miss out right trades. It means, when massive number of traders are adapting something then its efficacy will drop significantly as per my understanding. Let's wait and watch what are the surprises to be unfolded by this new AI thing.

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Quote from: JooBra on January 24, 2023, 02:38:10 PM

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?

ChatGPT finds more and more applications in different areas and it was a little unexpected for me to learn about writing a trading script using it. How did I not think of this myself?

Although both the idea and the solution lay on the surface. But my question is, how well will this script be written by ChatGPT? Will there be some kind of failure or bug at the most inopportune moment? All the same, your money will be at stake and this is fraught with big losses. Also, how effective can a script written by ChatGPT be? I suppose using ChatGPT to write a draft version of the script, but would have it checked out by a professional. Just in case.

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Quote from: Mr. Magkaisa on January 28, 2023, 04:02:29 AM

Quote from: JooBra on January 24, 2023, 02:38:10 PM

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 using that, all the questions you can put or type in that chatgpt, that's why it can only give you an answer that updates are only until 2021. When it exceeds this age, the answer will no longer be appropriate, and often the answer it will give will not be constructive or it will be off-topic or far from what is being discussed.

This is what I observed on this platform, but below 2021 that question will be answered properly and precisely.

I haven't tried making a trading bot, but I always write a script for my daily tasks so that they can be automated, and I'd say you still need knowledge on it. What I mean is that you can make a bot out of ChatGPT without any knowledge, but it is not optimized and you will need to edit it to what you want. ChatGPT for me is an assistant; for example, if I need to find a part of code, it takes only seconds in ChatGPT rather than searching for it in Google and still reading some articles. Overall, you still need knowledge about it, and ChatGPT is just assisting you with other information.

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Quote from: JooBra on January 24, 2023, 02:38:10 PM

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?

No, I didn't tried it yet but while someone said me some did you hear ''Chatgpt'' and it's doing bla bla i heard a lot of different kind of stuff. I'm not sure if it's a good idea to get help for trading tips from Chatgpt but it worth to try. Also, if we're not tried it with this way, we cannot answer your question well. For now, i cannot reach it because of high demand but I'm going to try take some advices from it when i had a access for it. In my opinion it can help for swing trade maybe but for long term advices we cannot trust it yet.

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Quote from: Mr. Magkaisa on January 28, 2023, 04:02:29 AM

Quote from: JooBra on January 24, 2023, 02:38:10 PM

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?

This is what I observed on this platform, but below 2021 that question will be answered properly and precisely.

I've come across a lot of inaccuracies during my testing, something simple, straightforward, black-on-white information like which license an xyz casino hold, so it still needs a lot of post-validation and fact-checking.

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Quote from: JooBra on January 24, 2023, 02:38:10 PM

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 using that, all the questions you can put or type in that chatgpt, that's why it can only give you an answer that updates are only until 2021. When it exceeds this age, the answer will no longer be appropriate, and often the answer it will give will not be constructive or it will be off-topic or far from what is being discussed.

This is what I observed on this platform, but below 2021 that question will be answered properly and precisely.

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I've tried it after reading your post to provide an example of what it says when asked about future predictions of cryptocurrencies, in my case, I asked it about the price of Bitcoin after a week from today, and here is what it said:

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Quote from: Jawhead999 on January 25, 2023, 08:45:49 AM

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.

ChatGPT is never designed for trading as it can only be a natural language processing tool and can never be trusted enough to make a successful trading. Unlike with our own intellect and built skills and strategies, we can rely for them so we will be aware if the market is good enough to trade or not. ChatGPT can be helpful in some tasks like if you are in teaching and learning scenario, but for trading, it’s hard to predict and analyze the market if the market alone is very unpredictable.

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Quote from: JooBra on January 24, 2023, 02:38:10 PM

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 was watching a YouTube video where the youtuber asked ChatGPT to write a Pine Script that draws 50MA and alerts him whenever the price goes above 50MA.
What is a Pine Script? A Pine script is a programming language created by TradingView to backtest trading strategies and create custom indicators.
And despite ChatGPT actually writing the script but users on stackover flow commented that ChatGPT can't do pine script, so don't even try. Pinescript can't import CSV files (and in any case, this is not pine script valid syntax). I trust the responses on stackoverflow. Therefore the answer to the OP's question is that ChatGPT can't help it with writing trading scripts

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Quote from: JooBra on January 24, 2023, 02:38:10 PM

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.

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Quote from: nimogsm on January 25, 2023, 08:17:41 AM

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.

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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.

jossiel

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Quote from: JooBra on January 24, 2023, 02:38:10 PM

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.

teosanru

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Quote from: JooBra on January 24, 2023, 02:38:10 PM

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.

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Quote from: JooBra on January 24, 2023, 02:38:10 PM

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.

justdimin

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Quote from: Stalker22 on January 24, 2023, 05:23:28 PM

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.

Quote from: Bitcoin_Arena on January 24, 2023, 05:33:30 PM

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.

Coin Gorilla

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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.

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Quote from: jackg on January 24, 2023, 08:26:43 PM

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.

karabiber

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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.

CryptocurrencyJunction

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

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Quote from: JooBra on January 24, 2023, 02:38:10 PM

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.

bittraffic

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Quote from: JooBra on January 25, 2023, 02:21:49 PM

Quote from: bittraffic on January 25, 2023, 12:42:36 PM

--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.

goldkingcoiner

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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.

lixer

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Quote from: Jatiluhung on January 25, 2023, 03:50:55 AM

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.

JooBra

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Quote from: bittraffic on January 25, 2023, 12:42:36 PM

Quote from: JooBra on January 25, 2023, 03:26:21 AM

Quote from: bittraffic on January 25, 2023, 03:07:26 AM

Quote from: kamvreto on January 24, 2023, 04:27:42 PM

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.

bittraffic

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Quote from: JooBra on January 25, 2023, 03:26:21 AM

Quote from: bittraffic on January 25, 2023, 03:07:26 AM

Quote from: kamvreto on January 24, 2023, 04:27:42 PM

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.

Strongkored

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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.

Jawhead999

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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.

nimogsm

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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.

Woodie

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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.

Wexnident

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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.

Jatiluhung

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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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Quote from: bittraffic on January 25, 2023, 03:07:26 AM

Quote from: kamvreto on January 24, 2023, 04:27:42 PM

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.

Blossom15

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Yes, ChatGPT and other language models have been used in a variety of applications, including writing trading scripts. These models can be used to analyze market data and make predictions, as well as to generate natural language explanations of trading decisions. However, it's important to note that the quality of the predictions and explanations generated by these models can vary, and it's important to evaluate their performance carefully before using them in real-world trading scenarios. Additionally, it's also important to note that these models are not perfect and may not always make accurate predictions or generate optimal trading strategies.

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Quote from: JooBra on January 24, 2023, 02:38:10 PM

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.

bittraffic

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Quote from: kamvreto on January 24, 2023, 04:27:42 PM

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.

Accardo

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Quote from: kamvreto on January 24, 2023, 04:27:42 PM

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.

pooya87

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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.

GreatArkansas

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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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Quote from: JooBra on January 24, 2023, 02:38:10 PM

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.

xSkylarx

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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

Silberman

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Quote from: JooBra on January 24, 2023, 02:38:10 PM

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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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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Quote from: JooBra on January 24, 2023, 02:38:10 PM

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.).

Bitcoin_Arena

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Quote from: kamvreto on January 24, 2023, 04:27:42 PM

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.

Hamphser

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Quote from: btc_angela on January 24, 2023, 04:14:22 PM

Quote from: JooBra on January 24, 2023, 02:38:10 PM

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.

Stalker22

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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?

kamvreto

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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.

btc_angela

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Quote from: JooBra on January 24, 2023, 02:38:10 PM

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:

JooBra

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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?

Topic: Has someone tried to use ChatGPT to help in trading? (Read 813 times)