Discover the NEW BEST Trading Strategy with ChatGPT 4.0 [1800% PROFIT!] + FREE CODE
ChatGPT 4.0 Creates The NEW BEST Strategy! [1800% PROFIT!] + FREE CODE
In the last video, I tested all the ChatGPT models to find the best one for coding TradingView strategy scripts. The latest model, ChatGPT 4.0, gave decent results, so I decided to test it further.
I asked ChatGPT 4.0 to create an NNFX strategy, and it gave me an interesting idea using the SSL, QQE, and T3 moving averages. I asked it to code the strategy, but it struggled with the QQE indicator, so I decided to use the ADX with an EMA momentum filter instead.
After some back-and-forth with ChatGPT 4.0 to correct the errors, I got a working strategy. I then optimized the parameters and found a great set of settings for the BTC/USDT 10-minute chart. The results were so good that this strategy became the new best strategy on the strategy ranking spreadsheet.
In this video, I will explain the indicators needed and the rules of the strategy. Then, I will show you how you can set up the full strategy for free using the script I made. Finally, I will share the backtest results and the strategy ranking spreadsheet.
Indicators Needed
- T3 Moving Average (2 instances with different lengths)
- SSL Channel
- ADX
- EMA (80-period, using ADX as the source)
- NNFX ATR
Strategy Rules
For a valid long entry:
- The SSL Channel must show an uptrend (green line above red line).
- The ADX must be above the ADX-based EMA.
- The fast T3 moving average must cross above the slow T3 moving average.
For a valid short entry:
- The SSL Channel must show a downtrend (red line above green line).
- The ADX must be above the ADX-based EMA.
- The fast T3 moving average must cross below the slow T3 moving average.
The stop loss is placed at 10x the NNFX ATR, and the take profit is placed at 20x the NNFX ATR. The position is also closed if the fast T3 line crosses the slow T3 line in the opposite direction.
Setting Up the Strategy
To set up the strategy on your TradingView chart, follow these steps:
- Go to the comment section or the description of this video, where you’ll find a Google Drive link to download the full script.
- Open the Pine Editor on TradingView and create a new strategy.
- Paste the script code into the editor and click “Add to Chart”.
- Customize the indicator settings as needed, such as the SSL period, T3 moving average lengths, ADX values, and ATR length.
Backtest Results
I used a 10x leverage for the backtest, which means that for a $10,000 capital, the script enters positions with $100,000. The backtest results for the last 4 years of BTC/USDT 10-minute data are:
- Net Profit: Over 1,800%
- Profit Factor: 1.59
- Maximum Drawdown: 24%
The strategy also performed well on the 2-hour BTC/USDT chart, outperforming the Bitcoin Buy and Hold strategy.
In the strategy ranking spreadsheet, this new strategy took the first place, significantly outperforming all the other strategies.
Remember, while the backtest results are impressive, there is always a possibility of over-optimization. I will continue to monitor the performance of this strategy for at least 3-5 months to ensure its profitability in the long run.
If you have any questions, feel free to leave them in the comment section. Don’t forget to like, subscribe, and check out our Patreon for access to highly customizable scripts and optimizations.