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How I’m Making Passive Income with ChatGPT AI

TechLead
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Passive Income in Japan: Using Chat GPT to Generate Profits with Crypto Trading Bots

Hey guys, welcome back! Today, I’m in Japan, and before you get mad at me for being here, let me tell you that you too can experience the freedom of location. Imagine being able to travel and explore new places while still earning money. Sounds amazing, right? Well, today I’m going to show you how you can achieve this by using Chat GPT to generate passive income through crypto trading bots.

Introduction: The Power of Passive Income

We all dream of financial freedom, the ability to support ourselves without being chained to an office desk. Passive income is the key to achieving this freedom. It allows us to make money even while we sleep, giving us the flexibility to travel and explore the world. And what better place to start our journey than Japan, known for its rich culture and delicious cuisine, like Sashimi?

Exploring Luxurious Accommodations in Japan

But before we dive into the world of passive income, let me give you a tour of my luxurious room here in Japan. *Provide a detailed description of the room, highlighting its amenities and features.*

Using Chat GPT to Create Profitable Crypto Trading Algorithms

Now, let’s get down to business. I’ve set up two automated trading bots using Chat GPT, and they have already started generating profits for me. The first bot is focused on Bitcoin trading, and it has made $62 in just one day, with a peak of $250. The second bot is trading Ethereum, and although it’s still being tested, it has already made a profit of $3.

I’ve always had a trading algorithm in mind, and with the help of Chat GPT on the Pionex crypto trading bot platform, I was finally able to implement it. The algorithm is based on a strong technical indicator, the crossover of the 25-day simple moving average and the 50-day moving average. This momentum trading algorithm has proven to be effective in capturing market trends and making profitable trades.

Understanding the Trading Algorithm: Simple Moving Averages

To better understand the algorithm, let’s take a closer look at the simple moving averages. The 25-day moving average is represented by the brighter orange line, while the 50-day moving average is the darker orange line. Whenever the 25-day moving average crosses above the 50-day moving average, a buy signal is generated. Conversely, when the 25-day moving average crosses below the 50-day moving average, a sell signal is triggered.

This algorithm has proven to be quite accurate in identifying market trends. For example, it correctly predicted a bullish market and generated a buy order just before a significant price increase. It also protected my position by selling when the price started moving sideways. Additionally, it saved me from potential losses by selling during a bearish market and rebuying when the momentum turned bullish again.

Implementing the Trading Algorithm with Pionex GPT

Implementing this trading algorithm is surprisingly simple. All you need to do is visit the Pionex GPT platform and ask for a trading strategy based on the SMA 25/50 indicator. Once you have the code, you can copy and paste it into the TradingView platform for backtesting. It’s important to note that you may need to make some small modifications to the code to ensure its accuracy.

Alternatively, you can explore the GPT Marketplace on Pionex, where you’ll find pre-crafted trading strategies created by other users. These strategies have been thoroughly backtested and can be easily copied and traded with a single click.

Backtesting and Optimizing the Trading Algorithm

Backtesting is a crucial step in evaluating the performance of your trading algorithm. By setting the initial capital and order sizes, you can simulate the algorithm’s performance over a specific period. In my case, the algorithm showed a positive return on investment of 23% over the past month, which translates to an annualized return of nearly 200% APY.

To optimize the algorithm, you can modify the code to trade within a specific timeframe. For example, you can limit the algorithm to trade only from March 1st onwards. This allows you to analyze the algorithm’s performance within a shorter timeframe and make adjustments accordingly.

Creating a Signal Trading Bot with Pionex

Once you’re satisfied with the performance of your trading algorithm, you can create a signal trading bot on Pionex. This bot will automatically execute trades based on the signals generated by your algorithm. Simply choose the trading pair, set the desired leverage (if applicable), and allocate the desired amount of capital. The bot will continuously monitor the market and execute trades on your behalf.

Introducing the Ethereum Squeeze Algorithm

In addition to the SMA 25/50 algorithm, I’ve also been working on another trading strategy called the Ethereum Squeeze Algorithm. This advanced algorithm utilizes the Squeeze Momentum Indicator, which identifies price bands and detects periods of rapid price movement. While I’m still testing this algorithm, it has already shown promising results, making a profit of $3 in a short period.

Exploring the Potential of Crypto Trading Algorithms

These crypto trading algorithms offer exciting opportunities for passive income. Whether you choose to use the SMA 25/50 strategy or explore other pre-crafted strategies on the GPT Marketplace, the key is to leverage the power of automation and technical indicators to make informed trading decisions.

By using Chat GPT and platforms like Pionex, you can trade cryptocurrencies 24/7, taking advantage of market opportunities even when you’re sleeping. These bots eliminate emotional decision-making and allow you to profit from both bullish and bearish market conditions.

Conclusion: Unlocking the Power of Passive Income

In conclusion, passive income is the key to achieving financial freedom and the ability to travel the world while still earning money. By harnessing the power of Chat GPT and crypto trading bots, you can generate passive income and explore new opportunities in the global market.

Remember, while these algorithms have shown promising results, it’s essential to do your own research and start small. Crypto trading carries risks, and it’s important to understand the market dynamics before investing significant capital.

So, why not give it a try? Sign up with Pionex using the link in the description and unlock over a thousand dollars worth of bonuses. Start your journey towards passive income and join me in the exciting world of crypto trading.

Frequently Asked Questions

1. How do I get started with crypto trading bots?

To get started with crypto trading bots, you can sign up with platforms like Pionex that offer user-friendly interfaces and automated trading features. Explore pre-crafted trading strategies or create your own using Chat GPT. Start small, do your research, and gradually increase your investment as you gain more experience.

2. Are crypto trading bots safe?

While crypto trading bots can be a powerful tool for generating passive income, it’s important to remember that they come with risks. Market volatility, technical glitches, and unforeseen events can impact bot performance. It’s crucial to stay informed, set stop-loss orders, and regularly monitor bot performance to mitigate risks.

3. Can I modify the trading algorithms to suit my preferences?

Absolutely! The trading algorithms provided in this article are just examples. You can modify them to suit your trading style, risk tolerance, and market preferences. Experiment with different indicators, timeframes, and strategies to find what works best for you.

4. How much capital do I need to start trading with crypto bots?

The amount of capital you need to start trading with crypto bots depends on your risk tolerance and investment goals. It’s recommended to start with a small amount and gradually increase your investment as you gain confidence and experience. Remember to only invest what you can afford to lose.

5. Can I use crypto trading bots for other cryptocurrencies besides Bitcoin and Ethereum?

Yes, most crypto trading bots support a wide range of cryptocurrencies. You can choose from popular options like Bitcoin, Ethereum, Litecoin, Ripple, and many others. It’s important to research and understand the specific characteristics and market dynamics of each cryptocurrency before trading with bots.

6. How often should I monitor my crypto trading bots?

While crypto trading bots can operate autonomously, it’s still important to regularly monitor their performance. Keep an eye on market trends, news, and any significant events that may impact the cryptocurrency market. Additionally, review your bot’s performance periodically and make adjustments as needed to optimize your trading strategy.

7. Can I use crypto trading bots on my mobile device?

Yes, many crypto trading platforms offer mobile applications that allow you to monitor and manage your trading bots on the go. This provides flexibility and convenience, allowing you to stay connected to the market and make informed decisions wherever you are.

Remember, crypto trading involves risks, and it’s important to do thorough research, seek professional advice, and only invest what you can afford to lose.

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49 Comments

  5. nobody to say this is highly risky and you'll definitely lose your money, especially if your profit/risk ratio is bad… I can assure you he's not using this platform himself lol

  7. So he USED to work for two of the most evil corporations on the planet and we're supposed to trust him because why. Or, we're just supposed to be entertained by his contrary take on everything.

  8. I tried many bots, and finally I made a decision to stay away from crypto trading. I invested a lot of time and of course some money but zero strategy worked on long term. I would like to mention one forex bot which was successful more than 2 months and then wiped out money, luckily it was demo. So on long term it is hard to believe that bot can be in profit. It could be possible with arbitrage, but in the beginning when competition was low, maybe sniper bots, but when many people enter the market, it's very hard to make profit. Your success depends on speed, other factors and on the end it comes more or less how lucky you are at that moment. Maybe I'm wrong, if someone had different experience it would be nice to share. So the million dollar question is what will happen on long run, after a year of constant trading etc …

  12. Hate to be a troll, but im going to. You said in a video 'ChatGPT is Dumb' if that is the case, why are you trying to use it to make money? Seems counterintuitive, Don't flip flop, have a view and stick to it, or be stand-up and admit your opinion has changed.

  14. Trading bots are not new at all, Metatrader has offered these for 15 years + . There are thousands of free trading bots. 99%+ of them will lose money including purchased bots. This is far too simple to be profitable over many years. Do real backtesting over years and assume that your worst losses will destroy your account sooner than later. I am not just a pessimistic joker, I am a high level forex automation programmer, and have run a brokerage. If this was so great, he would post an update with the performance, and be selling trade signals. This guy is a novice, don't rush real money into this idea ever.

  17. I tried this has a newb those steps dont work i get errors when using the pine editor and I try to add to chart so it doesnt show me the graph lines. one of the errors is 7
    displacement = input.int(26, "Cloud Displacement")
    2:24:24 pm 'Untitled script' opened
    2:26:11 pm Compiling…
    2:26:12 pm Error at 7:51 Syntax error at input 'source'
    2:26:14 pm Compiling…
    2:26:14 pm Error at 7:51 Syntax error at input 'source'
    2:26:14 pm 'Ichimoku Cloud Strategy' saved.
    2:26:30 pm Compiling…
    2:26:30 pm Error at 7:51 Syntax error at input 'source'
    2:26:32 pm Compiling…
    2:26:33 pm Error at 7:51 Syntax error at input 'source'
    2:28:17 pm Compiling…
    2:28:17 pm Error at 7:51 Syntax error at input 'source'
    2:28:23 pm Compiling…
    2:28:25 pm The script must have at least one output function call (e.g. plot, barcolor, etc.). Reason: AST is Empty
    2:28:26 pm Compiling…
    2:28:27 pm The script must have at least one output function call (e.g. plot, barcolor, etc.). Reason: AST is Empty

    sorry im a newb and have no idea

  27. To my understanding this just proves how much we need an edged as an investors because playing the market like everyone else just isn’t good enough. I’ve been quite ensured about investing in this current market and at the same time I feel it’s the best time to get started on the market,what are your thoughts?!

  28. Hi TechLead… thanks for sharing your strategies and the code for trading. The code lines 5 and 32 were cut off in your video screen share for the Squeeze Momentum Indicator stack. Could you share those 2 lines here?

  29. I have always enjoyed innovation, which is why I fell in love with digital currencies; ever since I was able to put Andrew Glenn Adams' advice into reality, trading has been successful for me. My original investment has increased significantly. Trading a little portion of your portfolio is preferable to trying to time the market by constantly entering and quitting the market. There are certainly many opportunities in the financial markets, but I've learned enough over the years to be wary of the notion. It's important to know where to focus, and it for would be beneficial to determine whether Mr. Adams can genuinely be of use.

  31. I came here to get an idea of how to trade utilizing A.I trading bot after hearing a guy on a podcast talk about the importance of A.I trading bot and how he made $660,000 in 6 months from $50,000. This video has helped to clarify a few things for me, but I'm still puzzled, I'm a rookie, and I'm open to suggestions.

  33. Obviously this strategy doesn't actually work or everyone would be doing it. A moving average cross is the most basic strategy that any algo trader knows about.

  34. May sound dumb as question but why a millionaire like you would accept sponsorship (product placement) for a website like that one if you have that much money? I mean, you surely make enough money already, making videos may be your passion so why you need sponsors? 🤷🏻‍♂️

  37. Breathtakingly unbelievable, this man named Loatedcyber is really got going and hasn't stopped yet. It gives us a greater understanding of him without negative interviews and antics, it just shows us who he is through recovery of funds from fake platform like CMB. True living legend. We salute you. Incredible recoveries. The execution, creativity, and kindness that came out of it was inspiring on so many levels. Cheers Loatedcyber and I look forward to seeing what you do next………

  38. Breathtakingly unbelievable, this man named Loatedcyber is really got going and hasn't stopped yet. It gives us a greater understanding of him without negative interviews and antics, it just shows us who he is through recovery of funds from fake platform like CMB. True living legend. We salute you. Incredible recoveries. The execution, creativity, and kindness that came out of it was inspiring on so many levels. Cheers Loatedcyber and I look forward to seeing what you do next………

  40. I traded well on my Demo account but when I invested in to my main account i lost all my funds. Please i need an expert to assist me with my trading. It's frustrating how people loss funds in this trading, I really feel so bad.

  41. 5:30:
    A "16% positive return in the last month" does NOT annualize to 200%/year.
    To calculate correctly, first, stop using percent. convert everything to 'per unit' [PU].
    PU:=(percent/100)+1. So "+16%" simply becomes "1.16PU".
    Next, since there are 12 months in a year, and the returns COMPOUND, to project a monthly return into an annualized return, RAISE the monthly return to the 12th POWER.
    So 1.16PU^12=5.93PU. One unit of money, after one year of this, becomes 5.93 units of money, with 4.93 of those units being profit.
    If you want to convert PU back to percent profit, subtract 1 and multiply by 100, so 5.93PU becomes 493% profit.
    To summarize: A positive 16% monthly profit projects to a 493% annualized profit, much greater than 200%

  42. Yea, I'm sure your passive income giving you the stability to travel and live in Japan is because of these trading bots and not from your 1.43M subscribers on youtube, and your affiliate links in the descriptions.

  43. Fantastic video! I'm truly grateful for never giving up, even during the toughest times. I persevered until I reached success.Have you ever considered transitioning from self-investing to seeking advice from a financial advisor? When managing substantial assets, decision-making can be daunting. Sometimes, you may feel that having a bit more knowledge and making less emotional investment choices could lead to better results. In such situations, turning to a financial advisor is a wise move!

  44. When the bot buys/sells, is it executing at market or limit order? Or is bot executing so fast that gap down/up is not a factor. Cool vid!

  47. Nice vid! Do you know which AI bot is best for beginner developers to learn coding , write codes, do projects, and helps with leetcode?

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