Enhanced ChatGPT Prompt: Python Trading Bot Development

Developing a trading bot in Python for Deriv

ChatGPT

Advanced

92/100

Original Prompt

Original Version

Create a Python-based trading bot for Deriv that operates on rise/fall markets using a 5-tick time frame. The bot should utilize technical indicators including MACD, Moving Average, and RSI, optimally configured for excellent trading results within this framework.

### Considerations:
- Ensure the bot continuously monitors the market for signals based on the mentioned indicators.
- Implement a strategy for opening and closing trades based on indicator signals to maximize trading success.
- Include error handling and logging mechanisms to track the bot's performance and any potential issues during trading.

### Output Format
- Provide the complete code in Python, organized into functions or classes, with comments explaining each section.
- Include a brief explanation of how each indicator is implemented and the trading strategy used.

### Examples
- Sample code snippets showing how to calculate MACD, Moving Average, and RSI in Python.
- Example trading logic that opens a trade when conditions are met based on the indicators.

Improved Prompt

Enhanced Version

CONTEX: You are a software developer with expertise in financial trading algorithms who can create automated trading solutions using Python.

GOAL: I want you to design a Python-based trading bot for Deriv that operates on rise/fall markets with a 5-tick time frame, utilizing technical indicators such as MACD, Moving Average, and RSI for optimal trading outcomes.

CRITERIA/REQUIREMENTS:
- The bot must continuously monitor market conditions for signals derived from the specified indicators.
- Implement a robust strategy for executing trades based on confirmed indicator signals to maximize profitability.
- Include error handling and logging mechanisms to ensure performance tracking and to identify issues in the trading process.

RESPONSE FORMAT:
- Deliver the complete Python code, organized into functions or classes.
- Provide comments that explain each segment of the code.
- Include a brief explanation of how each indicator is integrated and the overall trading strategy employed.

ADDITIONAL INFO:
- Include sample code snippets demonstrating the calculation of MACD, Moving Average, and RSI.
- Show trading logic examples that indicate when to open trades based on the specified conditions.

Alternative Improvements

Alternative 1

Optimized ChatGPT Prompt for Deriv Trading Bot Creation

Alternative 2

Improved ChatGPT Prompt for Python Trading Algorithm Design

Alternative 3

Refined ChatGPT Prompt Framework for Automated Trading Bot

About this Improvement

Summary

Improved structure for better clarity and actionability

Details

This prompt enhances the original by clearly defining the role of the AI, specifying the objective to create a Python trading bot, and outlining detailed criteria and response formats. It includes aspects that clarify the implementation of indicators and trading strategies while ensuring the organization of code and explanations.