MT4/MT5 and ChatGPT - Leveraging on AI Opportunities | Forex Factory

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MT4/MT5 and ChatGPT - Leveraging on AI Opportunities

  • #1
  • First Post: Apr 25, 2023 7:36am Apr 25, 2023 7:36am
Hi ALL

I am creating this thread to draw attention to the vast opportunities that I believe exist in leveraging ChatGPT.
  • #2
  • Apr 25, 2023 12:14pm Apr 25, 2023 12:14pm
I am intrigued by the hype around ChatGPT and its sophisticated artificial intelligence. I want coders all over the world to come together to discuss and present practicability of this technology and how we can use it to more efficiently trade forex forex.
  • #3
  • Apr 25, 2023 12:50pm Apr 25, 2023 12:50pm
Are you exploring this topic as a coder?
  • #4
  • Apr 25, 2023 12:55pm Apr 25, 2023 12:55pm
Quoting koredee
Hi ALL I am creating this thread to draw attention to the vast opportunities that I believe exist in leveraging ChatGPT.
Without prior coding knowledge, ChatGPT won't be that helpful. Use ChatGPT to do the lazy work, like creating simple if statements or checking work. Its also great for ideas!
Software Developer and Music Producer
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  • #5
  • Apr 25, 2023 3:44pm Apr 25, 2023 3:44pm
Quoting jblanked
{quote} Without prior coding knowledge, ChatGPT won't be that helpful. Use ChatGPT to do the lazy work, like creating simple if statements or checking work. Its also great for ideas!
Totally.

Of the four big ones, I found Phind > chat GPT 4 > GPT 3.x > Bard
... but it's no substitute for a good programmer. not yet anyway.

as for creating logic of alpha strategies I'd be surprised because think of what it's been fed on - garbage in garbage out. If rentech published all their strategies it might be a different story but think we all know what's out there...
  • #6
  • Apr 25, 2023 4:20pm Apr 25, 2023 4:20pm
Quoting Geester
Are you exploring this topic as a coder?
....no I am not a coder - a trader
  • #7
  • Apr 25, 2023 4:23pm Apr 25, 2023 4:23pm
Quoting jblanked
{quote} Without prior coding knowledge, ChatGPT won't be that helpful. Use ChatGPT to do the lazy work, like creating simple if statements or checking work. Its also great for ideas!
well good to know.
However, I think it could be useful in spotting patterns in historical data that can be leveraged on
  • #8
  • Apr 25, 2023 5:14pm Apr 25, 2023 5:14pm
Quoting triphop
{quote} Totally. Of the four big ones, I found Phind > chat GPT 4 > GPT 3.x > Bard ... but it's no substitute for a good programmer. not yet anyway. as for creating logic of alpha strategies I'd be surprised because think of what it's been fed on - garbage in garbage out. If rentech published all their strategies it might be a different story but think we all know what's out there...
Yess very true!! GPT still confuses Meta Trader 4 with Meta Trader 5 and with C++.

Humans will always have a better understanding of coding requirements, since a lot of it is inferred. These AI aren't mind readers (yet lol)
Software Developer and Music Producer
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  • #9
  • Apr 26, 2023 9:13am Apr 26, 2023 9:13am
AI is the future but still it needs human interference to execute properly, so in my opinion use AI as a tool or as your assistant. it can take tons of load on its shoulder. all you need to do is to use your mind how you can take its advantage
  • #10
  • Jun 2, 2023 9:55pm Jun 2, 2023 9:55pm
It is painful when he does not know the difference between void and int and its use. Don't really waste your time on coding with it, only if you know how to code, you can get help in speeding up its writing, but all the ideas and solutions should be done by yourself. A few days ago, to calculate the amount of pip, it multiplied the price by pip, it was really awful. Two different values don't work together. I think it takes more time to get information, which is sometimes not true
  • #11
  • Jun 5, 2023 2:57am Jun 5, 2023 2:57am
Quoting XfireSYD
It is painful when he does not know the difference between void and int and its use. Don't really waste your time on coding with it, only if you know how to code, you can get help in speeding up its writing, but all the ideas and solutions should be done by yourself. A few days ago, to calculate the amount of pip, it multiplied the price by pip, it was really awful. Two different values don't work together. I think it takes more time to get information, which is sometimes not true
Stick with it. I found the same kind of torture to start with, but 2 weeks solid on Chat 4 (not Phind, I changed my mind) and once the quality of your prompts improve and you learn the coding basics (even if you weren't intending to), you'll be able to do pretty much anything. honestly, the fastest learning curve I've ever seen and well worth the initial pain.
  • #12
  • Feb 22, 2024 9:07am Feb 22, 2024 9:07am
Hi All

I asked ChatGPT to code below for me and it presented the attached in mq4
Can someone take a look and make it work

Write a code with TDI indicator and filter with moving average cross 0f 20/30 with the condition that alert arrows shows only when 20/30 moving average cross is up/down and above/below moving average 250 and TDI yellow line is above 40rsi for buy and below 60 for sell
Attached File(s)
File Type: mq4 TDi_filter_20.30 and 250.mq4   3 KB | 430 downloads
  • #13
  • Jul 20, 2024 5:27am Jul 20, 2024 5:27am
...been on the look out for sometime now to know if anyone has checked the TDi indi

Any headway?

Cheers
  • #14
  • Apr 26, 2025 8:10pm Apr 26, 2025 8:10pm
I too have found that ChatGPT does the heavy lifting of coding, but if you don't know how to code, you'll never know how to fix the inevitable typing errors and the resulting EA won't work.
  • #15
  • Apr 26, 2025 8:58pm Apr 26, 2025 8:58pm
Quoting flashpaul
I too have found that ChatGPT does the heavy lifting of coding, but if you don't know how to code, you'll never know how to fix the inevitable typing errors and the resulting EA won't work.
Completely agree with this. Chat gpt kills hours of typing. But without the knowledge of syntax errors(specially these) then it's gonna be hard lol.
I've found syntax errors at input being the most widely fuckup chatgpt gives.

It's weird if you think about it.
Chatgpts language is LITERALLY coded and coding lmao.

Hell, my 1st language is English and I dunno how to speak that properly either so I guess I get it.
Trying to learn how to learn how to teach a robot how to learn
  • #16
  • Jul 3, 2025 3:07am Jul 3, 2025 3:07am
Chatgpt not so good..try claude,goggle ai studio or deep.Much better
  • #17
  • Feb 3, 2026 10:01pm Feb 3, 2026 10:01pm
Hi sir John

  1. JohnL33


Big fan of your work and i am following you in forex station and here too. I need a little help, if you don't mind can you share the mq4 file(source file) Marketcap vs Realisedcap. It would be helpful for my research. Thanks in advance and you help is really appreciated.

Regards.

  • #18
  • Feb 5, 2026 7:10am Feb 5, 2026 7:10am

  1. JohnL33 Hi sir,

Waiting for your help.

  • #19
  • Last Post: Feb 5, 2026 12:01pm Feb 5, 2026 12:01pm
i find Grok is more effective than chatgpt
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