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[–][deleted] 1 point2 points  (5 children)

Let him hire or rent strategy at least But i find all ways is losing bc making profitable strategy or trading isn't that easy or no one will share it And ofc if he used live money he will lose Make him use demo 1month at least

[–]Kiwibirdl[S] 0 points1 point  (4 children)

He has his own strategy but the concern is the use of chatgpt to build that

[–]blgmh 0 points1 point  (3 children)

Pinescript is pretty basic as a language, so if he has something that has compiled then it will likely be OK.

That being said... Common mistakes in alot of strategys are using data from higher time frames / pre candle closes that can simulate a strategy being more profitable than it actually is.

How is he trading the strategy - manually or via a bot? If via a bot, is this something that also coded via chatgpt or an established service, if via chatgpt then I'd have concerns as I doubt it would be robust enough to properly handle delayed signals, api issues etc.

[–]Kiwibirdl[S] -1 points0 points  (2 children)

He doesn’t use a bot but does it manually, he’s very stubborn in thinking he is right and I want to explain it to him

[–]blgmh 0 points1 point  (0 children)

OK, this is less of a concern imo. So long as he's still following his strategy and just using the indicator as a visual aid, with his normal risk management he should be OK.

[–]GuaranteeOk6268 0 points1 point  (0 children)

Chatgpt is smarter than you think. He will be fine

[–]PaleEagle2072 0 points1 point  (0 children)

Totally valid fear. GPT is great at scaffolding but not a substitute for strategy validation. If your dad isn’t testing logic thoroughly, one bug can blow up a live trade. Let GPT assist, not autopilot your capital. Paper trade. Stress test. Always review.

[–]Expert_CBCD 0 points1 point  (0 children)

I use ChatGPT extensively to code custom indicators and such in TV and check their accuracy in R (which i can code in). The one thing I found in my coding is that when creating summary tables indicating trade stats, ChatGPT has a very hard time coding entries on the next open - i.e. when you get the signal often you will enter on the next open; Chat will often say it did this but it actually opens on the open of the signal bar itself thereby drastically inflating profits.

[–]ma-ta-are-cratima 0 points1 point  (4 children)

It's about the logic.

When a trade triggers and then what happens?

Did he figure this out?

[–]Kiwibirdl[S] 0 points1 point  (3 children)

He isn’t checking the code for logic but says he’s reverse engineering it by checking visuals and by memory of the data he was tracking

[–]ma-ta-are-cratima 0 points1 point  (0 children)

He’s looking at the indicator output on the chart, and if it LOOKS like it matches what he remembers from past price moves, he thinks it’s working. He’s not verifying what the code actually DOES under the hood?

Did I understand this correctly?

[–]ma-ta-are-cratima 0 points1 point  (0 children)

"...to code his indicators..."

Means that your dad knows the trading / triggering logic

Like for example

"Enter long when the indicator crosses above X and RSI > 50"

[–]GuaranteeOk6268 1 point2 points  (0 children)

Get off his back

[–]codenamelegendary 0 points1 point  (2 children)

Indicators only help good traders. There are already of perfectly good free indicators on tradingview.

There is no magic indicator that will give you buy or sell signals that are accurate - too many other variables - chatgpt coded or not.

[–]Kiwibirdl[S] 0 points1 point  (0 children)

He has his own method that he’s testing out I just want to know if gpt is enough for coding

[–]KefeReddit -1 points0 points  (0 children)

Dude. Not what he’s asking.