As I watched the video, it said that there is no assurance it can give a good profit in the long run.
So why would I try it, of course as a capital investors I need an assurance or ROI for it. As I noticed too it was
a Ponzi scheme as well, so be careful to anyone will attempt to try this thing anyway.
Topic: AI for Trading (Read 579 times)
Who promoted AI system on trading, getting rich not because they trade. more precisely they getting rich because they sell the AI system.
I completely agree, agan
My reason says the same.
The issue is the dataset. Selecting the right variables and building the neural net. A regular user will not have access to millions/billions of previous trades to train the ML algorithm.
vod, I think here is one of the greatest problems. I do not know why virtually everyone wants to train the AI on previous trades. My personal experience is still young, but so far, our research definitely shows that the data in blockchains are much more valuable than previous trades. Personally, I train AI on the blockchain itself: active addresses, moved amount, fees paid... In this thread we have collected examples recently with Bitcointalk members using lists for data providers whose data could be suitable to train AI.
I think AI have a disadvantage on that...
A disadvantage compared to what, Buttercup123? Ruleset based bots?
Artificial intelligence opportunities grow year by year. Using in trading can make traders life much more easier. AI doesn`t have any emotions, so it can analyze situation in the right way and be better than human trader, but I don`t think AI can do it absolutely without problemsfor now. I see that topic was created about half a year ago, but I haven`t heard any really revolutionary movements in the sphere during this time, so I think AI in trading will be used little later. I know many people use bots, which help them, but I reckon it`s something different.
My impression of the trading robots that I had to meet was not the most pleasant. After six months of working with the robot, I ended up with a negative result. Perhaps I ran into an imperfect sample of AI because no one wants to give something good.
If I had a trading system this good, I would keep it all for myself and be very happy.
@countryfree,
I read this argument many times, interestingly often together with another popular reasoning mentioned by @Taskford:
...the system will get saturated...
...but ironically, this second reasoning might negate the first one.
If you have a trading system that will get saturated for sure, isn't it logical not to risk your own money even if the system is possibly profitable now, but rather sell the trading system to others who will gladly risk their own money and even pay you a certain rate for the access?
If there is the way of selling to others, isn't it the reasonable decision to choose the zero-risk certain profit (=selling the system) over trading with your own money?
Robotic trading is a great way of unloading and resting for a trader, I would not use AI on an ongoing basis.
With these figures, results (with compound interest) of + 481% during 2017, + 647% during 2018 and + 718% during 2019 have been consolidated.
If I had a trading system this good, I would keep it all for myself and be very happy.
I will do it also since for sure if many people knows about the system will get saturated and this thing will get caught and counteracted by the exchangers but this is impossible since there's no perfect system will work for the long run and those who offer such to good to be true offers are mostly scammers and this kind of attempt is not new here.
With these figures, results (with compound interest) of + 481% during 2017, + 647% during 2018 and + 718% during 2019 have been consolidated.
If I had a trading system this good, I would keep it all for myself and be very happy.
I watched a youtube about AI for trading and the speaker literally says "It doesn't work, it doesn't make you money in the long run."
What you expect the speaker to say? "If you work with these indicators and build a large dataset, it's more probable you will make money than not"? Or, if the speaker had told you the exact method, and it was working, would you tell us? Expert traders rely on experience - and ML gains that experience trillions of times faster than we do.
For someone to win, someone else has to lose. If OG made 2,600BTC and no one else lost that coin - it would have indicated he was in finance sector and knew what he was doing. But he lost 99% of funds, and still claims everyone lost money, which of course cannot be true.
As someone who is very interested in ML/AI and understands the potential, I will tell you there is no way to make money doing this. And I will urge you to stick to scams involving centralized editable spreadsheets and promises without proof. Leave the efficient profits to the professionals.
I think AI have a disadvantage on that, I watched a youtube about AI for trading and the speaker literally says "It doesn't work, it doesn't make you money in the long run."
Market is unpredictable yet predictable. (If you know what to do.)
But, thats a good idea.
Market is unpredictable yet predictable. (If you know what to do.)
But, thats a good idea.
when you using AI system on trading, you will get some profit ( almost like that ) . But as time goes by, sooner or later you will get lose more than what you get. when you want going to trading world, you must learn many things, don't just join without any knowledge
Who promoted AI system on trading, getting rich not because they trade. more precisely they getting rich because they sell the AI system.
Who promoted AI system on trading, getting rich not because they trade. more precisely they getting rich because they sell the AI system.
I think big financial institutions or banks may have it but keep it like top-secrect.
An AI trader is easy to create.
The issue is the dataset. Selecting the right variables and building the neural net. A regular user will not have access to millions/billions of previous trades to train the ML algorithm.
I tested some trading robots, met some IT guys who create trading robots based on AI.
An AI trader is easy to create.
The issue is the dataset. Selecting the right variables and building the neural net. A regular user will not have access to millions/billions of previous trades to train the ML algorithm.
maybe, because if a certain company or bank is earning huge money from their ai trading robot, why would they share it to others? definitely, they will keep it to themselves as much as possible and gain from it.
vod is right. the more data points the software has, the better. and a regular user will not have those thousands of data points. usually top companies have access to such Big Data!
and this article is a proof that these financial institutions are really deploying their specific AI tools at their disposal
https://builtin.com/artificial-intelligence/ai-finance-banking-applications-companies
I think big financial institutions or banks may have it but keep it like top-secrect.
An AI trader is easy to create.
The issue is the dataset. Selecting the right variables and building the neural net. A regular user will not have access to millions/billions of previous trades to train the ML algorithm.
I tested some trading robots, met some IT guys who create trading robots based on AI.
An AI trader is easy to create.
The issue is the dataset. Selecting the right variables and building the neural net. A regular user will not have access to millions/billions of previous trades to train the ML algorithm.
I tested some trading robots, met some IT guys who create trading robots based on AI.
An AI trader is easy to create.
The issue is the dataset. Selecting the right variables and building the neural net. A regular user will not have access to millions/billions of previous trades to train the ML algorithm.
I'm not saying there are no good AI for trading but if there is a good one, nobody will sell it or even tell about it.
Oh, they are not going to sell their AI solution but definitely use to promote their company with the tools. Big investment firms are already using some of the most sophisticated AI solutions for trading and their clients are benefitting from them too. The more investment they get, the more money they make. So if they get returns of about 20-25% they wouldn't mind sharing 5-7% with their clients. If you fancy what goes in such tools, check this open source project https://github.com/QuantConnect/Lean
I tested some trading robots, met some IT guys who create trading robots based on AI. I wouldn't trust my money to any of these algorithms, from my experience some of them were workable for some short time and than started making stupid mistake that I would've never made or a trading result was very unimpressive like 1-3% a month. I'm not saying there are no good AI for trading but if there is a good one, nobody will sell it or even tell about it.
even if we don't understand the higher concepts such as consciousness.
Oh, we do if you're into reading works of CG.Yung and maybe trip on DMT 
@OP: You've mentioned the term "AI" throughout your post but I'm yet to find out more information related to it on your website. I mean being someone who works in AI and ML, I'd definitely want to know how your AI works and how's it's going to benefit as an investor. Just saying "Our AI Tool" doesn't make it sound any legit. Have you published any papers of your own? Do you use open source solutions like RASA/Open AI etc?
Maybe he means that there doesn't exist real AI thing. AI can't read news and analyze it, think around it and make predictions according to articles. AI is a machine that can process data but in a different way, it can't think as a human and it isn't that kind of mechanism. There are a lot of hormones, including dopamine, serotonin and others that have a huge impact on our thoughts, attention, focus, cognitive abilities. AI is written by a human, we aren't that developed to be a new gods for artificial intelligences, we are far from it. That's why I agree with him too. In most cases, words like AI, Blockchain and others are just lure for people.
I've been studying ML for over a year now and your views are about as old. That's an eon in machine learning. I'll agree that many scammers are using those terms to lure people, but it's advanced a lot more than you believe.
Everyone heard of Alpha Go, that beat the best Go player in the world. But did you know just a few months later Alpha Zero taught itself the rules and beat Alpha Go 100 games to 0?
You may think you are an expert at a task because you've done it for 50 years at 2000 hours per year (100,000 hours). A ML AI, in comparison, could learn a million hours every recharge cycle as it updates its neural net with other ML machines doing similar tasks. It only takes one robot to identify a logistics flaw for that flaw to never happen ever again anywhere with any robot.
Dopamine, Serotonin, Adrenalin all serve to prioritize one pathway over another - for better or worse. An AI will improve on reflexes, since not all loud noises mean "jump away!".
Once we discovered how the brain stores and processes info, it became trivial to emulate it - even if we don't understand the higher concepts such as consciousness.
I do believe that AI can execute market trades using statistics and data prediction. But this is not 100% accurate as it also needs human intervention.
Why would an AI need human intervention? Do pilots talk to the birds when they have an issue in their plane?
I do believe that AI can execute market trades using statistics and data prediction. But this is not 100% accurate as it also needs human intervention.
Why would an AI need human intervention? Do pilots talk to the birds when they have an issue in their plane?
Jump to: