How I'm Making Passive Income with ChatGPT AI

Hey everyone! I'm currently in Japan, and before you wonder how I made this possible, let me share my secret: passive income. By leveraging certain tools and strategies, I'm able to enjoy such freedom. In this article, I’ll walk you through how you can achieve the same using ChatGPT to generate passive income, specifically through trading bots in the crypto space.

Passive Income and Trading Bots

The key to location freedom is passive income. Not being tied to an office allows me to travel and still support myself financially. I've used ChatGPT to develop trading bots for crypto that operate autonomously, so I earn money even while I sleep. Here’s how you can get started:

My Trading Systems

Bitcoin Trading Bot

First up, my Bitcoin trading bot operates on a crossover algorithm using the 25-day and 50-day simple moving averages (SMA). Here's how it works:

When the 25-day SMA crosses above the 50-day SMA, it generates a buy signal.
When the 25-day SMA crosses below the 50-day SMA, it generates a sell signal.

This method allows for momentum trading. It's been quite effective—for example, the bot recently generated $ 250 in profit in just one day.

Ethereum Trading Bot

I'm also running an Ethereum bot using a different algorithm. Although it's still in the testing phase, it’s showing promise. To set up these bots, I used ChatGPT on the Pionex trading platform. Pionex has sponsored this article and offers over $ 1,000 in bonuses if you sign up using my link.

How to Create Your Own Trading Bots

Here’s a step-by-step process to replicate my setup:

Trading Strategy: In the Pionex GPT tool, request a trading strategy based on SMA 25/50.
Backtesting: Copy the code and backtest it on TradingView. Adjust parameters as needed.
Setting Up the Bot: Create a signal trading bot on Pionex using the backtested strategy.

Advanced Strategies

Apart from basic SMA strategies, I also explored advanced ones like the Squeeze Momentum Indicator. Here's a quick rundown:

Identify Popular Scripts: Go to Community Scripts on TradingView and find popular indicators like the Squeeze Momentum Indicator by Lazy Bear.
Modify the Indicator: Convert the indicator script into a trading strategy using ChatGPT and Pionex GPT tools.
Backtesting: Backtest the strategy to ensure its effectiveness.
Implementation: Set it up on Pionex to run automatically.

The Squeeze Momentum Indicator uses Bollinger Bands and other metrics to identify price movements, making it ideal for volatility trading.

Tools and Resources

Trading Platforms: Pionex and TradingView
Indicators: Simple Moving Averages, Squeeze Momentum Indicator
Code: Pine script (TradingView’s scripting language)
**AI Tool:** ChatGPT for generating and modifying trading algorithms

Conclusion

With these tools and strategies, I'm able to run trading bots that generate passive income. Whether it's a bull market, bear market, or sideways market, these bots are designed to maximize revenue. If you want to get started yourself, make sure to do your own research and start small.

Keyword

Passive Income
Trading Bots
ChatGPT
Crypto Trading
Pionex
Bitcoin Bot
Ethereum Bot
Moving Average
Squeeze Momentum Indicator
Pine Script

FAQ

How do I get started with passive income through trading bots?

To get started, you can use platforms like Pionex and tools like ChatGPT to create and run trading bots. You’ll need an understanding of trading strategies and backtesting to ensure effectiveness.

What is the 25/50 SMA crossover strategy?

The 25/50 SMA crossover strategy is a momentum trading algorithm where a buy signal is generated when the 25-day simple moving average crosses above the 50-day simple moving average, and a sell signal is generated when it crosses below.

What is the Squeeze Momentum Indicator?

The Squeeze Momentum Indicator, developed by Lazy Bear, uses Bollinger Bands and other metrics to identify price movements. The indicator highlights squeezes (periods of low volatility) that often precede significant price moves.

What tools do I need to implement these strategies?

You’ll need trading platforms like Pionex and TradingView, and you can use ChatGPT to generate and modify trading algorithms.

Are there any risks involved?

Yes, trading involves risks and it’s essential to do thorough research and start with small investments to test strategies before scaling up.