Claude 3.7 Turns ANY TradingView Indicator into PROFITABLE Strategy
Estimated read time: 1:20
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Summary
In this video, TradeIQ reveals the power of Claude 3.7 Sonet - an AI tool that transforms any TradingView indicator into a profitable strategy. With purported profits exceeding 1600% and win ratios close to 80%, this is a game-changer for traders. The walkthrough covers two strategies: a swing trading strategy for a 4-hour timeframe and a minute-by-minute scalping strategy. It details creating these strategies using Pine script, optimizing settings, and even automating trading using a bot via a platform called Three Commas. By turning complex market analysis into simple, executable scripts, this video claims to save traders thousands in development costs. Highlights include using AI for strategy coding, implementing risk management using ATR, and ensuring adaptability to market volatility.
Highlights
Transform TradingView indicators into money-making machines with Claude 3.7 Sonet! 💡
Achieve over 1600% profits and boost win ratios to nearly 80%! 📈
Create swing trading and scalping strategies in minutes using Pine script! 🕒
Optimize your trades by setting stop losses and take profits with ATR values. 🎯
Automate trading with Three Commas for continuous trading gains! 🔄
Key Takeaways
AI Revolution: Claude 3.7 Sonet can magically transform your TradingView indicators into a profitable trading strategy! 🚀
Witness mind-blowing profits of over 1600% with a win ratio nearing 80%! 💰
Learn to semi-automate and fully automate these strategies using Three Commas for 24/7 trading action! 🤖
Comprehend market dynamics with smart indicators like Market Structure with Inducements and Sweeps and High Low Cloud Trend. 📉
No coding experience required! Simply use Pine script with tailored instructions to craft your unique strategy. ✨
Overview
TradeIQ shows you how AI is changing the trading game with Claude 3.7 Sonet, turning your favorite TradingView indicators into high-performing trading strategies. With promises of up to 1600% returns and win ratios nearing 80%, this tool can transform how you operate in the trading world.
The video provides a step-by-step guide to building both swing trading and scalping strategies using Pine script and Claude 3.7 Sonet. You’ll learn how to tailor these strategies for different timeframes, leverage market structure insights, and optimize them using ATR-based risk management.
Finally, the tutorial leads you through automating your trading strategies using a platform called Three Commas. This process promises to save you time and increase efficiency by allowing your strategies to operate around the clock, ensuring you never miss a trading opportunity.
Chapters
00:00 - 00:30: Introduction The introduction reveals an exciting new development involving Claude 3.7 Sonet, which has perfected the process of converting any trading view indicator into a highly profitable tool. The results are quite astonishing, boasting profits exceeding 1,600% and win ratios nearing 80%. The information seems incredibly valuable, implying that it could be worth thousands of dollars. The chapter hints at the potential to turn a preferred indicator on Trading View into an automated Pine script strategy effortlessly, promising to explain how within a few prompts.
00:30 - 01:00: Overview of Trading Strategies The chapter titled 'Overview of Trading Strategies' discusses two key trading strategies designed for different types of traders. It provides a walkthrough of creating a profitable 4-hour time frame strategy for swing traders and a fast-paced one-minute scalping strategy for those who prefer more action. The chapter utilizes the Solana price chart as an example and demonstrates how these strategies can be applied to various assets. Additionally, it guides readers on selecting the 'Market Structure with Inducements and Sweeps' indicator by Delux Algo using the trading view charts.
01:00 - 02:00: Understanding the Indicator The chapter titled 'Understanding the Indicator' explains the fundamental workings of a smart trading indicator. It focuses on two key concepts: the Change of Character (Chach) and Break of Structure (BOS) events. Chach occurs when the price breaks a prior swing low in an uptrend or a swing high in a downtrend, indicating a potential reversal in market direction. On the other hand, BOS is identified when the price exceeds a previous swing high in an uptrend or a swing low in a downtrend, suggesting trend continuation. This knowledge is essential before proceeding to strategy building.
02:00 - 04:00: Building the Swing Trading Strategy The chapter explains the use of an indicator to improve the accuracy of trading signals during a downtrend. It emphasizes understanding market inducements, which are movements designed to entice traders into premature actions. By identifying these inducements, traders can avoid fake outs and confirm that their signals, specifically the Change of Character (Chach) and Break of Structure (BOS), align with genuine market intent.
04:00 - 05:00: Automating the Strategy This chapter focuses on the automation of analyzing market strategies by structuring events to filter out misleading signals and enhance analysis. A key feature discussed is the detection of liquidity sweeps, which are areas in the market where there is high liquidity, often resulting in sharp price movements when targeted. The chapter explains how indicators monitor trailing maximum and minimum values to identify and mark these liquidity sweeps on charts, highlighting zones for potential reversal or significant market interest.
05:00 - 05:30: Scalping Strategy Introduction The chapter introduces a scalping strategy, emphasizing the use of a particular indicator. The speaker suggests enhancing the strategy by using Claude 3.7 Sonet AI to analyze and improve the indicator script, rather than just using it at face value. This approach is aimed at creating a more profitable trading strategy, utilizing advanced AI capabilities for better analysis and strategy development.
05:30 - 08:00: Creating the Scalping Strategy The chapter discusses the creation of a swing trading strategy using AI to automate complex market concepts. The AI, referred to as Claude, analyzes indicator components to break down and suggest a comprehensive strategy with optimal buying and selling conditions. This strategy hinges on following smart money and adopting trading patterns similar to major institutions. Additionally, the chapter touches on converting this strategy into a Pine Script code, complete with stop-loss features.
08:00 - 09:30: Conclusion and Call to Action In the 'Conclusion and Call to Action' chapter, the author discusses the use of the average true range (ATR) for setting stop loss and take profit levels in a trading strategy. They mention using two ATR values for stop loss and three ATR for take profit, maintaining a risk-to-reward ratio of 1 to 1.5. The author also highlights the importance of integrating signal filters like RSI and volume into the strategy. They describe how within seconds, a 300-line code is generated, featuring precise entry conditions, money management, and customization options to improve the strategy's effectiveness. Finally, they note their action of copying this custom code for implementation.
Claude 3.7 Turns ANY TradingView Indicator into PROFITABLE Strategy Transcription
00:00 - 00:30 today I'm about to show you something that's going to blow your mind Claude 3.7 Sonet has just mastered turning any trading view indicator into a profit machine and the results are absolutely insane I'm talking over 1, 1600% profit and win ratios close to 80% honestly the information I'm about to share should not be free what you're about to learn is easily worth thousands of dollars imagine taking your favorite indicator on trading View and transforming it into a fully automated Pine script strategy with just a few prompts in the next few
00:30 - 01:00 minutes I'll walk you through the exact step-by-step process for creating two incredibly profitable strategies one for the 4our time frame for swing Traders and a lightning fast one minute scalping strategy for those who want more action all right let's kick things off by opening up our trading view charts I've selected the salana price chart as an example however these strategies work on other assets too next I'm heading straight to the search bar to find the indicator for the first strategy Market structure with inducements and sweeps by Delux algo select this tool right here
01:00 - 01:30 before we proceed to building the strategy let's quickly learn how this smart indicator works at its core the tool identifies change of character and break of structure events to Signal potential Trend reversals and continuations Chach is detected when the price breaks a previous swing low in an uptrend or a swing high in a downtrend suggesting a possible shift in Market Direction conversely BOS is recognized when the price surpasses a prior swing High during an uptrend or a swing low
01:30 - 02:00 during a downtrend indicating the Persistence of the current Trend to enhance the accuracy of these signals the indicator incorporates the concept of inducements inducements refer to Market movements designed to entice Traders into positions often leading to premature entries or exits by identifying these inducements the indicator helps Traders recognize and avoid potential fake outs ensuring that Chach and BOS signals are supported by genuine Market intent in this framework the presence of an induc between Market
02:00 - 02:30 structure events is a prerequisite filtering out misleading signals and refining the analysis another critical feature is the detection of liquidity sweeps liquidity sweeps occur when the market targets areas of high liquidity such as previous highs or lows often resulting in sharp price movements the indicator monitors trailing maximum and minimum values to identify these sweeps marking them on the chart to highlight potential reversal zones or areas of significant interest now once we understand the key
02:30 - 03:00 features of this indicator let's proceed to building a profitable strategy around it to do this let's open up Claude 3.7 Sonet this AI is seriously mind-blowing for what we're about to do it's like having a professional Quant programmer at your fingertips Next Step let's open the pine editor and grab that indicator script this is where most people would stop they just use the indicator as it is but we're about to take this to a whole new level watch this I'm pasting the entire script into CLA and asking it to to analyze this indicator and create
03:00 - 03:30 a highly profitable swing trading strategy based on its features I'm essentially asking an AI to understand complex Market structure Concepts and turn them into an automated system look at Claude go it's breaking down the indicator components and suggesting a complete strategy with the most advantageous conditions for buying and selling this powerful strategy is based on the concept of tracking smart money and trading like big institutions now I'm asking it to transform this strategy into pin script code with stop loss and
03:30 - 04:00 takeprofit levels based on the average true range for this strategy I'm using two ATR values for stop loss and three ATR for takeprofit in other words 1 to 1.5 times the risk I'm also asking it to incorporate signal filters into the strategy such as RSI volume Etc within seconds it writes a complex 300 line code with precise entry conditions money management and customization options to further enhance the strategy's performance now I'm copying this custom code
04:00 - 04:30 going back to trading View and opening a new strategy Pine script clearing out the default code and pasting in our new algorithm this is literally thousands of dollars worth of professional strategy development happening in minutes let's add the strategy to the chart and see what we've got hm looks like we've got a small error there no problem that's part of the process I'll just ask Claude to fix this issue it immediately fixes the problem and gives me an updated script if the issue persists keep addressing it until no errors pop
04:30 - 05:00 up now the strategy is running beautifully let's check out the performance stats look at that win rate it's 73% on default settings which can easily be optimized to achieve 80 or even 90% accuracy the total profit generated is over 570. which is insane I'll be dropping the link to this exact strategy in the description below so you can apply it to your own trading just add it to your favorites and you're good to go however if you want to fully automate this strategy into a bot that will be taking
05:00 - 05:30 trades 24/7 here's how to do it in a few simple steps first open the strategy properties and set your account balance and desired position size based on your risk tolerance create a free three commas account I'll leave a link in the description head over to my portfolio and connect your crypto exchange or wallet once the account is connected go to Signal bot and select the trading view strategy copy this web hook URL return to trading view create an alert for your strategy and paste the copied link here proceed to The Next Step which
05:30 - 06:00 is to choose your exchange trading pair and the investment amount for the bot to trade with the final step is to copy this web hook message and paste it into this window once you're done click on create alert and activate your Bot on three commas that's it now you can sit back and watch your portfolio grow but don't click away just yet if you think this 4-Hour strategy is impressive wait until you see the scalping strategy I've developed I'm talking about a one minute time frame beast that's so so accurate
06:00 - 06:30 it's almost unfair that's coming up next and trust me you don't want to miss it to start with I'm heading back to the indicator search and looking for high low Cloud Trend by chart Prime this indicator is absolutely perfect for what we're about to create at its foundation it calculates the highest high and lowest low plotting these as Dynamic bands on the chart this approach allows you to observe the range within which the price has been oscillating offering insights into Market volatility and potential breakout zones a not feature
06:30 - 07:00 of the high low Cloud Trend indicator is its emphasis on mean reversion points when the price enters these dynamically plotted clouds it often signals a potential reversal in Trend Direction This visual que assists you in anticipating possible turning points allowing for strategic entry or exit decisions these signals are exactly what we need in our custom strategy so let's open Claude again our secret weapon for this transformation having this AI in your trading Arsenal is like having an unfair Advantage I'm jumping into the pine editor again to grab the indicator
07:00 - 07:30 source code I'm pasting the entire indicator script into Claude and asking it to Analyze This Cloud Trend indicator specifically for scalping purposes I'm requesting a highly profitable scalping strategy that captures those quick Market moves precisely when the odds are in our favor look at how detailed claud's analysis is it's identifying the perfect entry and exit conditions based on the cloud formations and price action patterns that most Traders would miss now I'm asking Claude to transform this analysis into you're ready to use pinees
07:30 - 08:00 script code with Dynamic stoploss and take-profit levels using ATR this ensures our risk management automatically adapts to current market volatility this right here is the difference between amateur and professional trading perfect let's copy this code open a fresh strategy script wipe the default code and paste in our custom scalping algorithm H it looks like the strategy isn't executing trades as expected no worries this is actually normal during development I'll ask Claude to
08:00 - 08:30 troubleshoot and fix the issue what truly blows my mind is how good this AI is at coding in general it definitely beats chat GPT okay we've got the modified code let's Implement these changes now the strategy is firing on all cylinders let me dial in these specific settings to maximize Our Winning ratio we're looking for That Sweet Spot between trade frequency and accuracy with each adjustment you can see the performance metrics improving what's crazy is that Claude implemented multiple signal types
08:30 - 09:00 to choose from and the signal filters like RSI volume and even macd check out these performance stats the win rate is incredible and the profit curve is beautifully consistent this isn't some curve-fitted nonsense this is a robust strategy that understands Market structure by the way this strategy is perfect for 5 minute scalping too I'll drop the link to this script in the video description too just add it to your favorites apply it to the chart and tweak the settings the way I did and there you have it it two
09:00 - 09:30 professional grade trading strategies created in minutes that would normally cost thousands to develop I can't believe I'm giving this away for free but if you found value in this video make sure to hit that like button and subscribe for more trading breakthroughs drop a comment if you have questions about implementing these strategies in your own trading happy trading and I'll see you in the next video