AI Trading Signals based on 25 years of training data
With the launch of GPT Builder, floodgates have opened for a new era of AI tools, also benefitting investors. But as seasoned quant traders know, access to quality training data is key.
Trained on 25 years of daily, hourly and minute data for equities, futures and forex, our GPT, powered by OpenAI’s GPT-4 uses quantitative and technical analysis to generate trading signals. Just upload a chart for the security you want analysed to get entry, target, stop and rationale.
Prompt: "Analyze this chart for trading signals."
Would you trust an AI for your investments or trades? Try it out at: https://chat.openai.com/g/g-ee6uoOACP-quant-trading-signals
Here is this GPT's trade idea to go long Apple if the stock pulls back to $180, with moderate conviction.
"Analyzing the chart for Apple Inc. (AAPL) on NASDAQ:
Trade Direction: Long. The stock shows a recent uptrend with higher highs and higher lows.
Conviction Rating: Moderate. The RSI is not in the overbought territory, which could allow for more upside potential.
Entry Point: A pullback towards a support level, possibly around the $180 mark, could serve as an entry point, provided the trend remains intact.
Exit Point: Setting a target near the recent high around $188 or using a trailing stop as the price moves higher.
Rationale: The stock is in an uptrend, and the RSI suggests there is no immediate overbought condition.
Risk/Reward: A stop loss could be placed below the recent swing low or a key support level to ensure a good risk-reward ratio.
Additional Insights:
Keep an eye on the volume, as decreasing volume on the uptrend could indicate a lack of commitment from buyers. Be aware of any upcoming earnings reports or news announcements that could cause volatility. Continuously reassess the trade if any bearish patterns emerge or if the RSI approaches overbought levels, indicating a potential short-term reversal.