What is AI in Trading?

While AI may seem like a modern breakthrough, its role in trading has been evolving for years, notably through Expert Advisors (EAs).

Lesson 1 of 4 | 2 Min

Using ChatGPT to Write Code for Trading Robots/ indicators 

Historically, creating a trading robot or indicator required expertise in programming languages like MQL4, MQL5 (used in MetaTrader), Pine Script (for TradingView), or Python. This technical barrier limited automation to those with coding knowledge or the budget to hire developers. Today, tools like ChatGPT have eliminated these obstacles. 

Lesson 2 of 4 | 5 Min

AI for Market Sentiment Analysis

Economic reports, such as Non-Farm Payrolls (NFP), inflation figures (CPI), interest rate decisions, and GDP growth, are among the most influential factors impacting market sentiment. Traders and institutions closely monitor these releases, as they can trigger significant volatility and shape market expectations. 

Lesson 3 of 4 | 5 Min

AI Plugins in Trading 

AI trading plugins are software tools powered by artificial intelligence that work independently or alongside popular trading platforms. These plugins use advanced algorithms to analyze data, identify patterns, and support traders with actionable insights. They are designed to assist with various aspects of trading, from market analysis to execution and performance tracking. 

Lesson 4 of 4 | 6 Min