In this article, I will show you how to use the chatGPT and Google’s Bart market forecast functionality on Perceptrader. This feature allows you to filter trades based on weekly market forecasts generated by these AI models.
To access the market forecast functionality, you can find it on Perceptrader’s graphic user interface below the title. You will see both the chatGPT and Google’s Bart icons next to a market forecast button.
To open the forecast, simply click on the button and a window will pop up. In this window, you can get your forecasts.
Before using the forecast, you need to configure the functionality in Perceptrader’s AI inputs. Right-click on your meta trading chart, click on Expert list, select Perceptrader AI, and click on properties. Scroll down to the forecast settings section.
In the forecast settings, you will find drop-down menus for both chatGPT and Bart. You can select true or false for each model. By default, they are set to false, which means your EA will not filter trades according to the market forecasts. If you switch them to true, your EA will filter trades accordingly.
Once you have configured the settings, go back to your chart and click on the market forecast button again. You will have two drop-down menus. In the first one, you can choose chatGPT or Bart. In the second one, you can choose the currency pair you want the forecast for.
After selecting the options, click on the forecast button. The chatGPT or Bart will provide you with a weekly forecast. This forecast includes a brief technical analysis of the best price action chart patterns and an educated guess of future market movements.
Based on this forecast, Perceptrader AI will filter trades. The filter works by taking the forecast as an optimal course of action. It will filter trades, taking only those that align with the forecast.
It is important to note that once you enable the forecast in your EA parameters, this process will be done automatically. You can manually get the forecast, but it is not necessary for the filter to work.
The purpose of displaying the forecast in the EA interface is for you to access and understand why trades are being filtered. However, it will not affect how the functionality actually works.
I hope you find this feature useful. Best wishes, Valeria.
