Summary of "NEW Deepseek AI Good For Creating Trading Strategies in TradingView and PineScript? (FREE AI)"

The video discusses a new free AI tool called Deepseek R1, which is being evaluated for its effectiveness in creating trading strategies in TradingView and PineScript. The presenter outlines a structured testing process using different difficulty levels to assess the AI's capabilities compared to other models like ChatGPT, Gemini, and Claude.

Main Financial Strategies and Market Analyses:

Testing Methodology:
- Easy Difficulty: Convert an indicator into a trading strategy by specifying buy/sell conditions.
- Medium Difficulty: Improve an existing strategy by adding another indicator and modifying the code.
- Hard Difficulty: Create a completely new trading strategy from scratch with minimal input.
Results Comparison:
- The presenter compares the results of Deepseek against other AI models, noting that while Deepseek performed well, it may not surpass all paid models.
- Emphasis on the importance of testing multiple times to achieve optimal results due to the probabilistic nature of AI responses.
Automation and Accessibility:
- The video promotes using Deepseek as a free tool for developing trading strategies, highlighting the potential for ongoing improvements since it is open-source.

Step-by-Step Methodology:

For Easy Difficulty:
- Use a prompt to specify an indicator and the conditions for buying/selling.
- Copy the generated code into TradingView's PineScript editor.
For Medium Difficulty:
- Provide the existing strategy code and the new indicator to be added.
- Ensure the AI understands the modifications required.
For Hard Difficulty:
- Input minimal information and let the AI generate a strategy.
- If errors occur, provide feedback to the AI to correct them.

Conclusion:

The presenter encourages viewers to engage with the AI, test various strategies, and utilize community resources like a Telegram group for support. The potential for Deepseek to evolve and improve trading strategies is highlighted, making it an appealing option for traders looking for cost-effective solutions.

Presenters/Sources:

The video is presented by an unnamed individual who actively engages with viewers and encourages interaction through comments and subscriptions. The community aspect is emphasized, particularly the role of moderators in the Telegram group.