GPT4 Mean Reversal Trading Strategy On TradingView Example
In this video, let's look at how to use GPT4 / phind.com to create a mean reversal trading strategy on TradingView. The strategy i'd like to recreate comes from this video:
• Hacked Larry Connors Reversal Trading Stra...
The results of the backtesting is impressive but as you will see from the video, it doesn't work on all pairs. My own personal thoughts on the strategy is that it's a good starting point to look for a reversal but perhaps some tradeoff in terms of win-rate and profitability is needed.
The other thing to highlight is how easy it is to test out any trading strategy you see or read about with GPT4. ChatGPT 3.5 is not good enough in my opinion but GPT4 is a step up.
Update: I've tested it out and a 20 period lookback on the 1 hour chart seems to give good results in general for most forex pairs.