This is a momentum trading strategy created on Tradingview Pinescript using Chagpt4 prompts. GPT4 is the latest update to GPT3. its got some great returns across stocks. But has got a weakness which is found in all momentum and trend following strategies and that is the drawdown.

We discuss on how to reduce drawdowns by position sizing and portfolio backtesting. We also give examples of that along with examples in Optimization and Forward testing with in sample(training data) and out of sample data(testing data). We also show examples on Monte Carlo simulation. Let me know if you have any queries. HAPPY TO HELP

You can code along from the video. If you wish to receive the code please Optin in the link below.
https://www.quantprogram.com/Momentum...

Timecodes
00:00 - Results
01:15 - Momentum vs Mean Reversion
02:52 - Ideal GPT Prompts
03:45 - Code explanation
04:50 - Making new prompts
06:58 - Version 4 to Version 5
08:35 - Reducing Drawdown
12:09 - Example of Reducing Drawdowns by Position Sizing
14:05 - Optimization of variables
15:01 - Example of Optimization and Forward Testing
18:35 - Example of Monte Carlo Simulation
21:15 - Blueprint for Quantitative Strategies
22:09 - Course Bitcoin Strategy Results



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