part 2. In this video, I use artificial intelligence and ChatGPT to write a bot in the meta-trader trading platform coding language. This will be a process of how you would take your rules based strategy and turn it into an automated system the trades for you to generate yourself some passive income.
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Content
0 -> okay welcome to part two of making your
3.06 -> own bot for day trading this is going to
6.54 -> be just me rambling on problem solving
9.66 -> going back and forth between the
11.76 -> strategy tester The Meta editor the
14.519 -> language coding editor for metatrader4
17.64 -> as well as chat GPT so I'm gonna go in
20.82 -> and start working on this I'm going to
23.279 -> start fresh all new and I will discuss
26.939 -> everything that I've typed into chat gbt
29.46 -> and this video is just going to be sped
31.14 -> up in between times when I am not
34.14 -> talking so first you want to prompt your
35.88 -> chat GPT and ask if you are familiar
38.46 -> with metatrader4 and the coding language
40.079 -> to make an EA trading bot it's basically
42.6 -> priming chat GPT to know where to start
45.96 -> when you're asking it questions okay so
48.239 -> I told chat GPT I would like to make a
50.94 -> trading bot here are the rules for entry
54 -> of a trade the bot will automatically
56.46 -> calculate the account balance and enter
58.32 -> in trades based on the account balance
59.94 -> and risk one percent of account balance
62.219 -> per trade in the settings of the bot I
64.26 -> want to have the ability to change the
66 -> hours in which the bot is trading by
67.92 -> default I wanted to trade from 8 AM to
70.32 -> 1400 server time so 8 AM to 2 PM this
73.619 -> will all be on the five minute time
75.479 -> frame chart for a Buy trade if a bullish
77.76 -> engulfing candle prints that engulfs the
79.68 -> previous two candles then the bot will
81.18 -> enter buy order at the current market
82.799 -> price the trade will only happen once
85.56 -> the 5-minute candle is closed for a sell
87.72 -> trade if a bearish engulfing candle
89.7 -> prints that engulfs the previous two
91.32 -> candles the bot will enter a sell trade
93.54 -> at the current market price the trade
95.46 -> will only happen once the five minute
97.259 -> candle is closed the stop loss for a buy
99.659 -> will be the lowest price of the entry
101.52 -> candle the stop loss for a cell will be
103.56 -> the highest price of the entry candle
105.24 -> the take profit will be two times the
106.979 -> stop loss for both buy and sell trades
109.02 -> so now I just click Send message copy
112.079 -> the code and we're going to create a new
114.54 -> thing expert advisor rename it to
118.32 -> YouTube tests on char our event on
120.899 -> tester select all of that paste that in
123.36 -> and compile so we got three errors and
126.6 -> two warnings copy that all and give it
129.36 -> to chat GPT to fix and say please fix
133.879 -> these errors and warnings so delete the
138.36 -> old code paste in the new one compile it
141.239 -> again still getting three errors but no
143.7 -> more warnings copy all of that paste it
146.64 -> into chat GPT compile again still three
150.9 -> errors and you just got to keep doing
152.94 -> this back and forth constantly kind of a
155.64 -> pain we got zero errors that is very
158.879 -> nice uh when you save as you have to do
161.04 -> it in the mql4 folder and then in the
165.06 -> experts once you refresh your metatrader
167.459 -> it'll be here in your strategy tester
169.56 -> alright so the bot did not enter in any
172.019 -> trades so we'd ask chat GPT why so I
175.62 -> just wrote in the bot is not entering
177.12 -> any trades can you please figure out why
178.68 -> also I'd like this bot to trade on NAS
180.84 -> 100 on the five minute time frame I
182.819 -> didn't clarify that before but maybe it
184.8 -> might help so copy that code no errors
187.26 -> when I was compiling still not entering
189.239 -> trades so I need to talk to chat GPT and
192.72 -> maybe help it Define what an engulfing
195.36 -> candle is so I told chat GPT I'm going
198.06 -> to Define what I mean by engulfing
200.04 -> candles and you can add it to the code
201.599 -> the total calculations are for three
203.459 -> candles and based on the high open low
205.56 -> close of the candles bullish engulfing
207.54 -> candle the first five minute candle is
209.04 -> bearish second candle is also bearish
211.62 -> and the third candle's closing price is
213.959 -> higher than the highest price of the
216 -> first candle in the series of three
217.62 -> candles opposite for bearish engulfing
220.44 -> we got six warnings so I will copy these
223.319 -> errors and give it back to chat GPT okay
226.019 -> it's still not working so back to the
228.18 -> drawing board with chat GPT I will let
230.519 -> you know what I tell it to do okay so
232.62 -> I've started completely over I asked it
234.48 -> if it knows what metatrader 4 is primed
237.18 -> it for its current task and told it I
239.64 -> would like to make bot this is on NAS
242.28 -> 100 on the five minute chart the rules
244.14 -> for buy entry if a bullish engulfing
246.239 -> five minute candle closes enter a Buy
248.28 -> trade at the current ask price lot size
250.62 -> for the trade will be zero one rules for
253.08 -> sell entry are the exact opposite stop
255.18 -> loss for either buy or sell trades will
257.04 -> be a thousand ticks take profit for both
259.199 -> buy or sell will be 2 000 ticks stop
261.959 -> loss take profit and lot size will be
264.3 -> adjustable in settings again keep giving
266.34 -> chat GPT all of the errors to fix
268.44 -> sometimes it'll only give you the
269.82 -> correction so you have to ask it for the
271.139 -> entire code because I don't know how to
272.58 -> adjust it or edit it or where to put it
274.38 -> all right so after 20 times back and
276.36 -> forth with all the errors we finally
278.46 -> have something that functions so let's
280.44 -> test it out I'm going to rename it
281.88 -> because it's a completely different bot
283.8 -> okay so after a gajillion back and
286.38 -> forths uh we finally have a bot that
289.02 -> enters trades and actually does
291.06 -> something it's absolutely horrible for
293.759 -> right now we started with an initial
295.68 -> deposit of a hundred thousand dollars
297.18 -> and it is down 53 649 dollars overall it
301.86 -> has had 74 consecutive losses it has won
305.22 -> 27 percent of the short positions and 30
307.8 -> percent of the long position so now what
310.139 -> we can do is go into the settings in the
312.6 -> expert properties of the EA and adjust
315.479 -> the stop loss take profit as well as the
318 -> law actually let's leave the lot size
319.62 -> let's not adjust that let's do just do
322.139 -> the stop loss and take profit so we're
324.6 -> going to start with a stop loss because
326.759 -> uh 1000 ticks is essentially 10 points
330.66 -> on NAS so let's start with 500 do steps
333.96 -> of 100 so every increment is one point
337.56 -> so one dollar movement in Nas and stop
340.38 -> loss maybe we can go up to 15 points I
342.78 -> don't want to do anything more than that
344.22 -> take profit we can start at 10 points
347.1 -> steps 100 so one point and let's do 5
350.639 -> 000 ticks which is 50 points now just
352.74 -> click OK click the optimization icon
355.919 -> right here and then make sure this model
358.02 -> is set at opening prices only we don't
361.08 -> need to do every tick because our bot
363.72 -> trades on the closing prices so it
366 -> doesn't need every tick and then you
367.44 -> just click Start so a bunch of passes
369.3 -> were done during optimization and
370.979 -> they've been discarded as insignificant
372.9 -> which means there's no benefit in
375.479 -> adjusting the stop loss and the take
376.979 -> profit of the bot but we have something
379.32 -> that works now so all we have to do is
382.199 -> add code using chat GPT to give it more
