How to Build a Crypto Bot with ChatGPT
Read summaryIn this 1-minute video, the speaker discusses the problem that traders face in knowing when to execute trades based on specific conditions, such as reaching certain levels on the RSI indicator. To solve this issue, the speaker suggests using Chat GPT to create a trading bot that can alert traders whenever these conditions are met.
By utilizing Chat GPT, the process becomes simple. Traders can generate a prompt requesting the creation of a trading bot for Telegram. The prompt would include the condition of the RSI indicator (e.g., reaching 30 or 70) at a specific time frame (e.g., 4 hours). Chat GPT will then provide traders with the necessary code to run the script.
Traders often struggle to determine the perfect timing to execute trades, which is where this trading bot comes in handy. By automating the alert system, traders can now be notified promptly when the desired RSI conditions are met. This allows them to never miss a potential trade opportunity again.
To summarize, the video offers a solution for traders who use the RSI indicator by suggesting the creation of a trading bot through Chat GPT. By using this bot, traders can receive alerts on Telegram whenever specific RSI conditions occur, enabling them to execute trades effectively.
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