I have ChatGPT creating strategies

    Posted by DigiNomad on 26th of Apr 2023 at 07:22 pm

    I have ChatGPT creating strategies for me in Pine Script from very plain language prompts. BUT, it choked when I asked if it could backtest and optimize the strategies for me.  The capability is there - I've seen it demonstrated - but clearly it's not going to be free (and I'm still on GPT 3.5)

    World is going to be defined by those that can afford the super AI and those who can't.  A year from now, can anyone really afford not to have access?  This revolution isn't going to wait for the older generations like the more slow moving revolutions we've experienced in the last 30 years or so. 

    Facts !

    Posted by fredsaid on 26th of Apr 2023 at 11:59 pm

    Facts !

    yep it's a very powerful

    Posted by matt on 26th of Apr 2023 at 07:44 pm

    yep it's a very powerful tool, but that's what it is and should be used as, a tool to help save you time, just like a calculator saves you a lot of time crunching large numbers than the old days when you had to do it by hand or slide rule, or a BoDozer saves you time digging large areas of land vs doing it by hand with a shovel, it's a tool . It's not good for creatively coming up with the ideas - for example if you just ask it to create a trading strategy using RSI and MACD etc, it will come up with something but it's not a system you should take seriously. You need to come up with the ideas and parameters of the strategy and tell it exactly what you want - a time saver tool basically 

    Interesting idea DigiNomad. 3/3 scripts I've

    Posted by Orangeman on 27th of Apr 2023 at 08:44 am

    Interesting idea DigiNomad.

    3/3 scripts I've tried won't compile out of the box and two had serious flaws in logic, but the overall structure is pretty sound.  
    To Matt's point a great time saver.  It is also a very quick way to learn the language - easy to get examples of what you are trying to do.

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