Topic: AI for Trading (Read 579 times)

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.

I completely agree, agan 

My reason says the same.

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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.

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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.

@countryfree,

I read this argument many times, interestingly often together with another popular reasoning mentioned by @Taskford:


...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.

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.

If I had a trading system this good, I would keep it all for myself and be very happy.

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.

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.

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. 

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.

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?

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.

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.

Why would an AI need human intervention?   Do pilots talk to the birds when they have an issue in their plane?

Here is another way to scam people. Using AI as a trading tool to get more investors and most of them are newbies. 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.

I don't know about this WorldMarket is, but stated above this is a scam.

Again once the new platform like this will not long last. They say you will earn an ample percentage from your initial investment and lock for a year. Then in less than a year they will automatically disappear. And making a reasons that the market was crashed or the system was down.

Be observant….

!!! SCAM ALERT !!!
In my video I uncover this WorldMarkets massive PONZI SCAM. It contains my story and all the evidence of a huge scam:
youtu.be/egTqxcdOHmI
And believe me people, you won't be able to withdraw your money now or very soon. Maybe some of the money will be allowed to be withdrawn for now, to prevent the alarm going off.

It is a PONZI scheme. Please ALERT everyone !!!

Today we live in the information age, and access to information is unlimited. And that produces the paradox of misinformation. That's why it's more important than ever to have someone to trust, with access to truthful information and advanced tools for any activity related to the investment. This is the case of worldmarkets.com with its investment based on trading with AI.

The main point of WorldMarkets

Today, the most interesting feature of WorldMarkets is, without a doubt, its trading system based on artificial intelligence (AI). It started as a gold and silver price monitoring system, and they have evolved it over time until it became a complete system.

With their AI tool they can help their clients to invest without having to spend hundreds of hours searching for the right utility and potentially investible assets.


The process is quite simple, first you have to create an account in WorldMarkets. You should keep in mind that, being a real company with licenses to operate, they have certain limitations by countries (international embargoes to countries like North Korea, for example). Then the deposit is made in the desired currency, admitting a lot of means of payment, which include traditional currencies and the most important digital currencies, of course Bitcoin and some more.

Once we have a balance in our account, we have to configure a couple of options such as the level of risk and the moment our money will begin to be operated by the artificial intelligence (AI) based trading tool. We can stop it at any time and withdraw the profits whenever we want.

Two of the most interesting features of this trading system is that we have operating compound interest from the first moment (the benefits begin to be automatically reinvested as soon as they are collected, so that they generate more benefits on them). The other interesting feature is that WorldMarkets will only charge you commission on benefits, operations that do not yield benefits will have no commission. 

Main advantage of trading with AI: its profitability

When you talk about investment, the main characteristic in which potential investors are focused on is, obviously, the profitability that a system or product is capable of producing. And this is one of the great strengths of the system: its long-term profitability.

The AI trader operates with artificial intelligence 24 hours a day and 7 days a week, identifying satisfactory operations or arbitrations between exchanges.

The system began operating in February 2017 and today, when 3 years of system life are reached, we have an average return of 21.77% per month. A very high and very interesting result, since it barely has months "in red", and the months "in green" weigh much more in the total.

With these figures, results (with compound interest) of + 481% during 2017, + 647% during 2018 and + 718% during 2019 have been consolidated.

The big difference that WorldMarkets offers us with its automated trading system with AI is that the results are audited and verified by external companies, having a monthly report with the operations and results of the corresponding month. This increases customer confidence through transparency.

Other advantages of trading with AI from WorldMarkets

Security is one of the main concerns of WordMarkets, so the access account is protected with an encryption system, 2FA access and all kinds of modern protections. But, in addition, the trading operation itself is also protected against system failures, since it has implemented scientific and statistical methods to control the risk margins of operations and thus protect the profitability and duration of the entire system.

The other great advantage that WorldMarkets offers us is its generous affiliation system. By which we can act as ambassadors for the company, since they share with us 50% of the commissions generated by a client that we have brought to the platform. Recall that WorldMarkets only charges commission for trading operations that are beneficial to the customer, so it will be with those operations with which we will prosper all the members of the system, thus collaborating with it to be sustainable and profitable over time.

Other services offered

With their long experience in the bullion market, they offer us to buy and sell coins or bullion of the main raw materials and precious metals. In addition to remote investment (without owning the good) and even vault services: a vault or remote safe where your gold bars are stored in exchange for a small commission.

They also allow us to operate in the cryptocurrency market through their associate BitMex.

Finally, and as a sign that they are a very complete portal, they allow us to train in the world of trading at no cost with an interesting video section. Remember: information is power.

Conclusion

If you are looking for an easy and profitable investment intermediation service, WorldMarkets is a very interesting idea. And especially through its flagship product: the profitable investment vehicle based on AI for trading.

Official Links
• Web: worldmarkets.com
• Contact telephones and offices by country: https://worldmarkets.com/contact-us.html