The ChatGPT Trading Robot operates on the EUR/USD currency pair and trades using the M15 timeframe. The ChatGPT trading strategy is designed to capture short-term market movements by leveraging advanced technical indicators and precise entry/exit conditions. The robot’s programming suggests a focus on rapid, efficient trades, suitable for day traders and scalpers.
The technical specifications of the ChatGPT Trading Robot include customizable inputs for lot size, stop loss, take profit, and indicator parameters. Below is a detailed breakdown of this free ChatGPT trading strategy:
- Entry Volume (Lot Size): Traders adjust the lot size according to their risk appetite and account size. The default settings optimize for a moderate risk approach.
- Stop Loss (SL): The robot limits losses to a fixed number of pips. It defaults to a 30-pip stop loss, ensuring controlled risk per trade.
- Take Profit (TP): The robot targets a fixed profit of 50 pips per trade, offering a favorable risk-to-reward ratio of 1:1.67.
- Indicators Used: The following indicators guide trading decisions:
- Moving Average (MA): Determines the trend direction.
- Relative Strength Index (RSI): Identifies overbought or oversold conditions.
- Bollinger Bands: Assesses volatility and potential reversal zones.
Free Expert Advisors Startup Guide – download it and learn how to start trading with Robots.
Disclaimer: This ChatGPT Forex Trading Bot is for educational purposes and is free to download. Get the Free ChatGPT Forex Trading Robot and test it on a Demo account. Traders should regularly monitor the performance to ensure it aligns with expectations.
