The future of trading is here, and it’s brought by artificial intelligence (AI). Among the numerous AI models that could revolutionize the industry, ChatGPT stands out. Developed by OpenAI, this natural language processing tool can generate articulate, human-like answers to any question and has been eagerly embraced by retail traders. However, to create a trading strategy using ChatGPT, traders must pass several hurdles, including coding and backtesting the strategy using historical market data. To overcome these challenges, traders can turn to other AI trading software platforms such as Capitalise.ai, which is designed for trading and integrates seamlessly with TradingView, automating the creation of trading strategies regardless of technical background.
OpenAI is an American company specializing in artificial intelligence research and deployment. It has partnered with several corporations, including Microsoft, to bring AI to different fields worldwide.
Sam Altman is the CEO of OpenAI, and he acknowledges that the company still has much work to do to ensure ChatGPT’s accuracy and robustness before relying on it for anything important.
Steps to use Capitalise.ai to automate forex trading:
1. Integrate Capitalise.ai software with TradingView.
2. Turn out ‘if-then’ strategies to a coded algorithm strategy.
3. Backtest the strategy against historical data.
4. Once conditions are met, Capitalise.ai will automatically execute the trade.
5. The AI trading software can even notify you of transactions via a mobile alert or email.
