ChatGPT can create awesome EA? - page 6

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Alain Verleyen #:

This is close to poisoning the well: you're preemptively dismissing anyone who doesn't meet your criteria instead of evaluating their arguments on their merits.

You didn't show any facts or results.

It's funny that my interest is that all will keep their doubts what do I care if people working like that better for me. I come to help and I find myself defending? Sorry. Believe what you like. 
 
Enrique Dangeroux #:

Does not matter the model, you do not even need to try. Science does not lie. All LMM's have this core feature that can only be minimized with aditional layers, but never removed. This is for LLM's. In order to fix this, a entire different approach is needed.

Perhaps Amir is using a language that the AI is capable of testing itself, like python for example. Then it is possible for the model to (in)validate its own nonsense. Also you can create a validation of end-points model for the AI to test if the application generates the expected output after changes. This way it is possible to trust AI doing its job as per specification.

But to state it as a fact that AI can do everything unsupervised, is just plain lie. I am in the process of developing a new website for my business which currently runs on 20 year old closed source legacy software. There is no way you can prompt AI no matter how much of a prompt wizzard you are to convert this into current age software unsupervised.

Sure, we completely agree.
 
It is not about an A.I writing something totally complete in the first pass . It is working and reworking over and over ironing out problems in about 3 weeks you'd have a solid EA way better than anything sold on metaquotes with the fake back tests and hyped up reviews .If you sat down and had ideas already and worked  with Claude code for a few months you'd never need to buy another EA from metaquotes or put your money in the hands of liars who brand EA's machine learning etc when native MT5 does not have those capabilities . Make your own EA's to your liking  and save your money. 
 
Victor Paul Hamilton #:
It is not about an A.I writing something totally complete in the first pass . It is working and reworking over and over ironing out problems in about 3 weeks you'd have a solid EA way better than anything sold on metaquotes with the fake back tests and hyped up reviews .If you sat down and had ideas already and worked  with Claude code for a few months you'd never need to buy another EA from metaquotes or put your money in the hands of liars who brand EA's machine learning etc when native MT5 does not have those capabilities . Make your own EA's to your liking  and save your money. 
Of course, I didn't say no cycles. 
There are cycles but if you know how to work with it that's what I mean, you should not review a single line of code. 


 
Amir Yacoby #:
Of course, I didn't say no cycles. 
There are cycles but if you know how to work with it that's what I mean, you should not review a single line of code. 


If you know how to work with it you don't need to. Review you ask it to review and review again . Best prompt wins is all A.I is !!. No need to buy another EA ever again and here's the scoop most people still won't make money because it can be a solid EA but they lack the discipline and money management but at least making your own doesn't line the pockets of coders for profit like 80 percent of EA's in the market . Dressing up 50 lines of code as something it is not.
 


The idea of no one buying an Expert is hehe bad, what I do believe, AI would make it easier to anyone to ehhh get entry level to creating a mql5 program, it would remove the barrier of writing programs, lots of traders can’t even use the IDE, so this translates to a lot of things -

More programs on the market, everyone will be able to create any product and send to the market, so more clones, more categories of the same thing on the market.

Reduced freelance orders, the days of getting orders of people maybe needing to know why their programs are not compiling are gone, same with ehh converting of mql4 to 5, however traders are still going to have their favorite developers, so yes expecting reduced use of metaqoutes freelance services.

It might drive innovation, where we might see better products as more developers would have to work harder to make the product better than the others on the market, seriously lots of others.

So yes, its provides traders with ability to quickly and easily turn their strategies into code, however they are going to be projects where AI can’t do, not because it can do, but rather it needs a developer to steer the project (Code that are too long to One Shot).

So yeah, a lot more unforeseen things as well. 
 
Also great care should be tak en about your data, if you are okay letting proprietary information get to ehh AI.
Yes - saw an article about how AI cost more than the companies selling them - sells them.
A 200$ codex subscription, if used to the fullest cost OpenAI 14000$, yes you heard me, 14 grand.

How do they cover up this cost, well your dat a, use your data and yeah.
It’s used to train their models, and in most cases some one prompting for something similar gets it as an answer.

Also confirm on why some big hedge funds were losing money, they employed similar models (AI LLM) and used them as strategy makers (alpha factory), making everyone converge at the same strategy. 

Yes - you get data that’s is open to the public and yours become available to, if you have any good information or strategy, do ensure you keep them safe, just saying.

Also, did you know if you ask any AI to pick any number from 1 - 10 it would tell you 7, ask Claude, OpenAI and other - don’t know why they do so, but it is kind of cool.
 
Arinze Michael Ejike #:
Also great care should be tak en about your data...

That is why I only use MQL5 Community with GET requests only. Although another user has traced MQL5 Community to DeepSeek, Renat Fatkhullin confirmed that no data is shared while using MQL5 Community.

Arinze Michael Ejike #:
Also, did you know if you ask any AI to pick any number from 1 - 10 it would tell you 7, ask Claude, OpenAI and other - don’t know why they do so, but it is kind of cool.

Perhaps AI associates trading with gambling. There is at least one Forum user who certainly does that. 7 is the number most widely regarded as a lucky number.

Also, AI might be heavily influenced by Christianity. The number 7 has very repetitive significance in the King James Bible.

 
Victor Paul Hamilton #:
It is not about an A.I writing something totally complete in the first pass . It is working and reworking over and over ironing out problems in about 3 weeks you'd have a solid EA way better than anything sold on metaquotes with the fake back tests and hyped up reviews .If you sat down and had ideas already and worked  with Claude code for a few months you'd never need to buy another EA from metaquotes or put your money in the hands of liars who brand EA's machine learning etc when native MT5 does not have those capabilities . Make your own EA's to your liking  and save your money. 
Sir, you should really do your research before you discredit the mt5 platform and call it's developers "liars". Yes, most of the paid EA's sell you a dream. But there are plenty of knowledgeable and honest developers on the platform. 

MetaTrader 5 already comes with a lot of built in math and modeling tools that developers have been using for years. The MQL5 Standard Library and the included ALGLIB package offer support for multilayer perceptrons with training and inference, several training methods, classification and regression, clustering, linear and nonlinear optimization, statistical analysis, probability distributions, matrix and vector operations, time series analysis, fuzzy logic, signal processing, digital filters, random number generation, and Monte Carlo methods.

If a developer needs more than that, MQL5 can also work with external DLLs, ONNX models, Python, REST APIs, and custom C plus plus libraries.

Calling every EA that uses machine learning a lie ignores the fact that the platform already includes machine learning and numerical optimization libraries. Whether an EA makes money is a separate issue from whether it uses those methods correctly.


 

Can ChatGPT build an EA? Yes. But that does not mean it can build a good EA.

If someone does not understand the basics of MQL5, market structure, strategy logic, position management, and how individual functions work, ChatGPT will often connect everything in its own way. The code may even compile, but the logic can be random, inconsistent, or completely different from what was intended.

And the person calling themselves the “coder” may still have no idea what was actually built, why it works, why it fails, or how to fix it.

The biggest problem is that ChatGPT does not automatically teach. It executes. When someone gives it the entire task from the beginning, they replace their own thinking with one impulse: “Chat will do it.”

The mental process that should build understanding, logic, and experience is skipped. The result is an illusion of progress. There are more scripts, more projects, more code — but the person’s actual knowledge stays in the same place.

ChatGPT is a powerful tool for someone who understands the strategy, knows what they want, and can verify the result. For someone without the basics, it can become a generator of random code and false confidence.

So use it — but keep your distance.

if you want learn coding : MQL5 Programming for Traders – MetaTrader 5 algorithmic/automatic trading language manual  start searching here, be hungry for knowledge, download, read and learn :)

AI can replace some of the coding but It cannot replace understanding.

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