The ChatGPT EA is an AI-powered Forex trading system with a four-year live track record and a focus on low drawdown. This EA claims to integrate grid trading principles with cutting-edge technologies like Artificial Intelligence (AI), Deep Learning algorithms, and Artificial Neural Networks (ANN). But does it represent a breakthrough in Forex trading, or is it simply riding the AI trend with clever marketing?
Overview of ChatGPT EA
ChatGPT EA promotes itself as an advanced grid trading system, featuring several impressive tools and capabilities:
- Deep Learning Algorithms: Incorporating trend, momentum, and volatility filters based on deep learning, aiming for more accurate trade predictions.
- AI Trade Filtering: The EA claims to use AI-driven predictions to filter out low-potential trades, potentially improving trading outcomes.
- News and Market Crash Filters: Advanced filters are built in to avoid trading during volatile conditions, adding a layer of risk management.
- One-Chart Setup: Simplifies trading by allowing multiple symbols to be managed from a single chart.
- Customization Options: Offers a wide range of customizable filters and options for tailored trading.
- Automatic GMT Adjustment: Adjusts automatically for global time zones.
- Diagnostic System: A statistical panel displays the EA’s performance metrics and AI forecasts, helping users monitor system health and effectiveness.
A unique feature is the integration of ChatGPT and Bard AI for market forecasting, adding another layer of predictive insight. 
ChatGPT and Bard in Forex Trading
ChatGPT, developed by OpenAI, is a widely recognized AI model known for its language processing capabilities across various fields. Its integration into the ChatGPT EA suggests that the system may provide market insights and forecasts through AI, potentially helping traders anticipate market movements. However, while ChatGPT is powerful in processing and generating text, its effectiveness in market prediction would require extensive, specialized training on financial data. Similarly, Google’s Bard, though highly capable, would also need tailored training for precise market forecasting in Forex.
Assessing the AI Trading Claims
Many trading tools today use “AI” as a selling point, though often without the backing of genuine AI or deep learning technology. However, the inclusion of ChatGPT and Bard does lend some credibility to ChatGPT EA’s AI claims. Nonetheless, traders should remain cautious:
- Complexity: Proper use of Deep Learning and Artificial Neural Networks requires significant computational power and data science expertise.
- Market Volatility: Even the best AI systems can’t fully shield against unpredictable market conditions.
- Due Diligence: It’s essential for traders to research and understand the underlying technology and realistic capabilities of the system before committing fully.
Recommendations for ChatGPT EA
Minimum Account Balance: A starting balance of $1,000 is recommended for optimal performance.
Recommended Pairs: Best results are found on AUDCAD. If your broker includes a suffix (e.g., AUDCAD.a), update the symbol names accordingly in the settings.
One-Chart Setup: This EA only needs to be attached to one chart to manage all pairs specified in the input parameters.
Optimal Time Frame: Works best on the M5 (5-minute) time frame.
Backtesting Limitation: Since MT4 does not support multi-currency backtesting, you’ll only see results for the pair you test, which may not reflect the EA’s full performance.
Recommend running this free forex EA on a VPS (Vultr)
Low Spread ECN account is also recommended Icmarket and Exness
Download: https://drive.google.com/file/d/1XgOSbN5IPzgnhTepIKk-I6qmmw-u-m0B/view?usp=sharing
