How a Free AI Trading Guide Helped Me Make 700% Profit

How I Made 700% Profit with a Free AI Trading Bot: Full Guide

Introduction to the Free AI Trading Guide

In the world of trading, I discovered an incredible way to achieve a 700% profit using a free AI trading bot. This free AI trading guide will show you how to automate your trading strategy with impressive results. You can transform your trading approach by following this simple, yet powerful method.

I’ll walk you through each step, from setting up the trading strategy to creating the bot. Imagine a system where your trading decisions are made automatically, and profits roll in without your constant involvement. This guide covers everything you need to know to achieve extraordinary returns using a free AI trading bot.

We strongly recommend that you check out our guide on how to take advantage of AI in today’s passive income economy.

The Basics of the Trading Strategy

Understanding the Indicators

To start, let’s talk about the key indicators used in this strategy. The first tool is the Adria Extreme Points Buy and Sell indicator. This technical analysis tool merges elements from indicators like CCI, momentum, and RSI to provide entry signals. It simplifies trading by generating clear buy and sell signals.

The second indicator is the Exponential Moving Average (EMA) set to a length of 100. This EMA helps us identify the trend and make informed trading decisions. For this strategy, you don’t need to set take profit or stop loss levels manually. Instead, the strategy focuses on two main conditions: when the Extreme Points indicator gives a buy signal, and the price is below the EMA.

Setting Up the Strategy

The strategy initiates a buy when these two conditions are met. The goal is to buy at the lowest possible price. Once a long trade is opened, it remains active until a sell signal is given. This approach helps capture significant trends. However, be cautious, as not using a stop loss can lead to drawdowns. For a safer approach, consider using leverage no higher than five, or stick to spot trading.

A sell occurs when the Extreme Points indicator signals a sell and the price is above the EMA. The sell position closes when a new buy signal appears. This system can generate substantial profits by following these simple rules.

Automating the Strategy with a Free AI Trading Guide

Creating the Trading Bot

Now, let’s move on to automating this strategy. The process is straightforward and doesn’t require extensive coding knowledge. First, copy the Adria Extreme Points Buy and Sell indicator’s code. Then, log in to Pionex and open Pionex GPT, a ChatGPT alternative tailored for coding trading strategies.

I used this tool to generate a Pinescript strategy incorporating the 100 EMA as a signal filter. After copying and pasting the code into the Pine Editor, you can add it to your chart. Modify the strategy’s inputs by going to the Strategy Tester and clicking on the Settings button. Adjust the entry signal source from CCI to Momentum, and set the RSI length to 15.

Adjusting the Strategy Settings

In the Strategy Properties, set the account size and order size to 100, and change the order type to USDT. You can also enable the padding option by increasing this number to five. Once you’ve adjusted the settings, click OK.

You’ll see the strategy’s performance on the Salani USDT price chart, with a 5-minute time frame. The backtest results show a winning ratio of 75% with 81 closed trades and a net profit of 143%. The maximum drawdown is 15%. For such a simple strategy, these results are impressive.

Testing the Strategy on Ethereum

Let’s also examine how this strategy performs on Ethereum. On the 5-minute chart, the win ratio is slightly lower. However, if we look back in time, the numbers remain consistent. While the strategy sometimes produces negative results, an effective volume indicator can help improve performance.

One potential drawback is the drawdown due to the absence of a stop loss. To address this, you might consider integrating an exit indicator like the Parabolic SAR. This can help close losing trades earlier, reducing the overall drawdown and improving your results.

Elevate Your Trading with Pionex

Advantages of Using Pionex

If you’re ready to elevate your trading game, Pionex offers an excellent platform for traders worldwide. You can trade up to $300,000 on a Pionex account and earn up to 95% of the profits. Pionex is more than just a trading platform; it’s a community of over 81,000 funded traders across 195 countries.

Pionex stands out with its profit-sharing model, which starts right from the challenge phase. This unique feature gives you an extra push to reach your trading goals. Don’t miss out on the opportunity to be part of this dynamic trading community.

Automating the Trading Strategy

Integrating the Trading Bot

To automate the strategy, first add it to your preferred trading platform. Find the link to the strategy in the comments, then go to TradingView and open the indicators. Add the strategy to your chart and adjust the settings as previously described.

Register for a free Pionex account, and navigate to the trade menu to select the Signal Bot. This bot allows you to copy signals from your TradingView strategy. Click on “Add TradingView Custom Signal,” set the signal name and input description, and click confirm.

Configuring the Trading View Script

Configure your TradingView script by setting your account and order size. Ensure these numbers match so that 100% of your bot’s funds will be used for each position based on the entry signals. Create alerts by copying the webhook URL address and pasting it into TradingView’s strategy alerts window. Finally, copy the message and paste it into your strategy alerts message.

Testing and Launching the Bot

After setting up, test the trading bot on a paper account to ensure it functions as expected. Once you’re satisfied with the results, you can try it on a real account. This testing phase helps you verify the bot’s performance before committing real funds.

Join the Crypto Trading Community

Discovering Crypto Opportunities

Welcome to the crypto trading world, where endless possibilities await. Join a community dedicated to empowering crypto enthusiasts with knowledge and tools. Enjoy zero fees on spot trading for the first 30 days and a chance to win up to $30,000 in deposit rewards.

If you’re satisfied with the results from the paper account, consider transitioning to a real account. Your journey in crypto trading can start here, with support and guidance from a vibrant community.

Conclusion

If you found this free AI trading guide helpful, please like and subscribe for more insights. This guide offers a comprehensive approach to using a free AI trading bot to achieve impressive profits. The steps are designed to be user-friendly and effective, helping you automate your trading and maximize your returns.

Thank you for exploring this strategy. Until next time, happy trading!

FAQs:

Is There Any Free AI for Trading?

Yes, there are several free AI tools available for trading. Many platforms offer basic versions of AI trading bots at no cost, allowing traders to automate their strategies without upfront investment. These free AI trading solutions can help with tasks such as generating trading signals, executing trades, and managing risk. However, while the basic versions are free, some advanced features or premium versions may require a subscription or one-time payment.

What Is the Best AI Bot for Free Trading?

Choosing the best AI bot for free trading depends on your specific needs and trading style. Some popular options include:

Pionex: Known for its free trading bots, Pionex offers various automated trading strategies and is user-friendly for beginners.
CryptoHopper: Offers a free plan with limited features, ideal for those starting with automated trading.
3Commas: Provides a free trial period and includes basic trading bot features, which can be beneficial for testing strategies.

Each of these bots has unique features, so it’s important to evaluate them based on your trading goals and preferences.

Is It Possible to Trade with AI?

Yes, trading with AI is not only possible but also increasingly common. AI trading systems use algorithms and machine learning to analyze market data, generate trading signals, and execute trades automatically. These systems can process vast amounts of data much faster than a human trader, potentially identifying profitable opportunities and managing trades more efficiently. AI trading can be applied to various financial markets, including stocks, forex, and cryptocurrencies.

Is AI Trading Legal?

Yes, AI trading is legal in most countries, provided it complies with local financial regulations and guidelines. Regulations may vary by region, so it’s important to ensure that your trading activities, including the use of AI trading tools, adhere to the legal requirements in your jurisdiction. Some regulations may focus on transparency, market manipulation, or the use of certain trading strategies. Always check with relevant financial authorities or seek legal advice to ensure compliance with all applicable laws.