How to Build a Free RSI and MACD Trading Bot with ChatGPT and Alpaca

Video Description

Learn how to build a fully automated trading bot that combines the RSI and MACD indicators and runs on AWS EC2 in our latest tutorial. To follow along with the code in the video, you can refer to our written tutorial: https://bit.ly/493KtaZ or GitHub page: https://github.com/alpacahq/alpaca-py/tree/master/examples/stocks/build_trading_bot_with_ChatGPT This tutorial is presented by Satoshi Ido, our Technical Marketing Associate. 0:00 - Introduction 1:20 - Trading bot architecture 2:26 - Building the workflow blueprint 4:45 - Understanding RSI and MACD basics 5:50 - How to create RSI & MACD settings 6:41 - Creating entry and exit rules 8:59 - How to generate pseudocode 11:14 - Key features before deployment 12:10 - Reviewing Python files & AWS EC2 setup 15:30 - Connecting to AWS EC2 (troubleshooting) 19:18 - Automating with a cron job 20:18 - Monitoring the bot 21:18 - Conclusion Thank you for watching! Make sure to like and subscribe to our channel for future tutorials. And please comment below with any strategies you’d like us to test! Additional Resources Sign up for a Trading API account: https://bit.ly/3MPEhvH Login to your dashboard: https://tinyurl.com/26cqcbxx Start paper trading on Alpaca: https://tinyurl.com/29oa3ywk Watch more YouTube tutorials: https://www.youtube.com/@UC_QGP6WixhTPGyypS4XuTmA Disclosures: Please note that this video is for general informational purposes only and is believed to be accurate as of the posting date but may be subject to change. The examples above are for illustrative purposes only. Alpaca is not affiliated with ChatGPT or any of the companies or creators referenced in this article and is not responsible for the liabilities of the others. Past hypothetical backtest results do not guarantee future returns, and actual results may vary from the analysis. All investments involve risk, and the past performance of a security, or financial product does not guarantee future results or returns. There is no guarantee that any investment strategy will achieve its objectives. Please note that diversification does not ensure a profit, or protect against loss. There is always the potential of losing money when you invest in securities, or other financial products. Investors should consider their investment objectives and risks carefully before investing. The Paper Trading API is offered by AlpacaDB, Inc. and does not require real money or permit a user to transact in real securities in the market. Providing use of the Paper Trading API is not an offer or solicitation to buy or sell securities, securities derivative or futures products of any kind, or any type of trading or investment advice, recommendation or strategy, given or in any manner endorsed by AlpacaDB, Inc. or any AlpacaDB, Inc. affiliate and the information made available through the Paper Trading API is not an offer or solicitation of any kind in any jurisdiction where AlpacaDB, Inc. or any AlpacaDB, Inc. affiliate (collectively, “Alpaca”) is not authorized to do business. Commission-free trading means that there are no commission charges for Alpaca self-directed individual cash brokerage accounts that trade U.S.-listed securities and options through an API. Relevant regulatory fees may apply. Commission-free trading is available to Alpaca's retail customers. Alpaca reserves the right to charge additional fees if it is determined that order flow is non-retail in nature. Securities brokerage services are provided by Alpaca Securities LLC ("Alpaca Securities"), member FINRA(https://www.finra.org/)/SIPC(https://www.sipc.org/), a wholly-owned subsidiary of AlpacaDB, Inc. Technology and services are offered by AlpacaDB, Inc. This is not an offer, solicitation of an offer, or advice to buy or sell securities or open a brokerage account in any jurisdiction where Alpaca Securities is not registered or licensed, as applicable.