Did you know about AI trading bot? - page 2.

Wiwo

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Quote from: Mpamaegbu on August 13, 2023, 01:36:45 PM

Quote from: Wiwo on August 13, 2023, 12:51:47 PM

Quote from: Mpamaegbu on August 13, 2023, 12:37:04 PM

~snipped~

The AI I use have a stop lose feature that takes care of that aspect so at that, there is a set percentage as to how much lose it can take before closing the trade automatically so at the end even on a bad day, your lose won't be overly significant.

Aw! You're trying to whet my appetite on that one. You're arousing my curiosity further. You're so confident of this? If it's something you will want me to take a look at, is there any one you can recommend? Again, can it be run on mobile phone or simply a PC affair? I wouldn't mind to take a peep at it.

Quote

I haven't seen any success recorded with AI in gambling, as I have seen in trading, and that speaks volumes as to what difference it is between the casino system and the exchange system and which one is legit or ringed in results.

It simply points to one thing – casinos don't like those who play against them winning. Forget all the glitz and razzmatazz on the media of those who win, I always believe it's staged. For all we know, those they parade as lucky winners could be their cronies and they launder cash through them by making them pretend they hit a jackpot.

Really I have seen that success with AI-based trading and if you opt to take a close look at the ratio between their losses and profits taking, I say the positivity is higher and for sure you can reach out for some recommendations but note that you have to do your own research and measure the risks.

AI may not record significant success in gambling since casino systems are programmed to favour the house as against the player, online exchanges where traders trade against each other, really it becomes easier for Artificial Intelligence to gather trading information from past histories that can make up a positive market analysis that will lead to profit taking.

Compared to casinos where the system is designed rigidly that doesn't allow integration of new developments, unless if in the future things change, because metaverse development may lead to more open source in casino systems where AI could fit in but chances are still low.

Regarding your opinion about game outcomes, I align my thought with yours for several reasons and events that I have experienced also in gambling.

Mpamaegbu

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Quote from: Wiwo on August 13, 2023, 12:51:47 PM

Quote from: Mpamaegbu on August 13, 2023, 12:37:04 PM

~snipped~

The AI I use have a stop lose feature that takes care of that aspect so at that, there is a set percentage as to how much lose it can take before closing the trade automatically so at the end even on a bad day, your lose won't be overly significant.

Aw! You're trying to whet my appetite on that one. You're arousing my curiosity further. You're so confident of this? If it's something you will want me to take a look at, is there any one you can recommend? Again, can it be run on mobile phone or simply a PC affair? I wouldn't mind to take a peep at it.

Quote

I haven't seen any success recorded with AI in gambling, as I have seen in trading, and that speaks volumes as to what difference it is between the casino system and the exchange system and which one is legit or ringed in results.

It simply points to one thing – casinos don't like those who play against them winning. Forget all the glitz and razzmatazz on media of those who win, I always believe it's staged. For all we know, those they parade as lucky winners could be their cronies and they launder cash through them by making them pretend they hit a jackpot.

Wiwo

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Quote from: Mpamaegbu on August 13, 2023, 12:37:04 PM

Quote from: Wiwo on August 01, 2023, 04:36:43 PM

Quote from: ananyabushra on August 01, 2023, 02:25:16 PM

~snipped~

If all things continue to be equal, AI will continue to be profitable on CEX more than on casinos even though both of them are looking for ways to get his money too

I don't know if I'm just old–school or simply paranoiac as I haven't been able to bring myself to trust Al to do my trading for me. I like it the manual way of doing it myself. Honestly, I feel it's safer to trade and lose it myself to allowing Al trade for me. Als don't have emotions and any sense of judgment that can make them detect when things go awry, especially if a bug occurs in their codes. If there's ever a glitch, An Al is likely to revert and behave in negative to make one incur huge losses. With all the good stories I read about Als I'm still not moved yet to try it out.

The AI I use have a stop lose feature that takes care of that aspect so at that, there is a set percentage as to how much lose it can take before closing the trade automatically so at the end even on a bad day, your lose won't be overly significant.

In trading really AI have recorded a lot of success compared to human efforts in trading because I have tried both, trading manually as a beginner is a fast way to lose, but in the end, you gain some experience, but the fact is that trading is like gambling also, so even with all the experience if luck is not on your side you still can incur loses time to time.

I haven't seen any success recorded with AI in gambling, as I have seen in trading, and that speaks volumes as to what difference it is between the casino system and the exchange system and which one is legit or ringed in results.

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Quote from: Bitcoinpoly on August 01, 2023, 01:21:03 PM

Lately exchanges has been trying to integrate everyone within the crypto space with an opportunity to make profit. There are introduction of different features that can enhance user’s profitability such as copy trading, flexible savings, staking, Launchpad and the likes. Now AI bot has been introduced into some CEX where users have opportunity to trade with bot. In some cases bot are very smart regardless of the volatility of the market. Trading with both is just like trading smarter because you’ve got no reason to stress yourself.

Also there are exchanges that offers loss protection on their bot, users get loss protection fund in any situation of loss. This might be an opportunity to explore.

Let me know your view regarding the trading bot and if you know any exchange with such feature yet also with loss protection fund on users loss.

All these new things are a bit of a risk and you should be careful about it. I know one that uses "AI" in the name and it does a bit of machine learning but in the end it's not really that much improved. It checks the winning ones, and why it won based on many indicators, and when it's spread to that many people who use the bot, it becomes like there are tens of thousands of profitable trades and tens of thousands of losses as well so it analyzes what happened and what was the situation like when people earned, and what was the situation when they lost.

This results with the bot learning what they should do and the result would be good, and it trades for itself. This all sounds great right? Well it fails, it fails to analyze and it fails to trade properly, so it keeps losing money, doesn't work as intended.

Mpamaegbu

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Quote from: Wiwo on August 01, 2023, 04:36:43 PM

Quote from: ananyabushra on August 01, 2023, 02:25:16 PM

~snipped~

If all things continue to be equal, AI will continue to be profitable on CEX more than on casinos even though both of them are looking for ways to get his money too

I don't know if I'm just old–school or simply paranoiac as I haven't been able to bring myself to trust Al to do my trading for me. I like it the manual way of doing it myself. Honestly, I feel it's safer to trade and lose it myself to allowing Al trade for me. Als don't have emotions and any sense of judgment that can make them detect when things go awry, especially if a bug occurs in their codes. If there's ever a glitch, An Al is likely to revert and behave in negative to make one incur huge losses. With all the good stories I read about Als I'm still not moved yet to try it out.

Bitcoinpoly

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Quote from: Bushdark on August 08, 2023, 06:51:55 PM

Quote from: ?? on ??

One of the challenges of using a Bot to trade is that it can malfunction in case of a spike or fake-out. Another thing is that when Market Dynamism changes it may not be able to detect this also depends on the program it is functioning with.

I have never made use of an Artificial intelligence trading bot before but I know that any of these bots can give a wrong signal especially when the market is in a volatile market. Bits are created by humans and we don't expect them to have there own flux because there are still on the prospect of becoming amended and getting to the level of accuracy. If a human can trade in the market for many years and still make loses then why not a bot that is built based on some certain mechanism of functions. A bot can have a 90% of accuracy but can not have upto 100%.

Yes you’re right, there can be 90% accuracy due to their good technical analysis.

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Quote from: ?? on ??

One of the challenges of using a Bot to trade is that it can malfunction in case of a spike or fake-out. Another thing is that when Market Dynamism changes it may not be able to detect this also depends on the program it is functioning with.

I have never made use of an Artificial intelligence trading bot before but I know that any of these bots can give a wrong signal especially when the market is in a volatile market. Bits are created by humans and we don't expect them to have there own flux because there are still on the prospect of becoming amended and getting to the level of accuracy. If a human can trade in the market for many years and still make loses then why not a bot that is built based on some certain mechanism of functions. A bot can have a 90% of accuracy but can not have upto 100%.

GeorgeJohn

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Quote from: ananyabushra on August 01, 2023, 02:25:16 PM

AI is way more efficient than humans rn. It can profit from tiny price changes super quickly. Most probably, traders will adopt AI-powered trading soon

Using of artificial intelligence for trading will make you as a trader to not learn and understand trading because its an automated bot and it works or functions according to what has be programmed to it, but people doesn't know, some times their is some bot app that needs a subscription before it can functions effectively. So the advantages in manual is better than the advantages with artificial intelligence kind of trading, I know that some people may like artificial intelligence kind of trading because it's conserved your money but as a trader you need a larger profit in which with the use of artificial intelligence you will not make a huge amount of profit

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Quote from: Maslate on August 02, 2023, 08:28:45 AM

An AI trading bot might not work, or else there would be no more losers in trading if everyone used an AI trading bot. Regardless of the style of trading, the trading sites would still make money, as more traders using trading bots would lead to more transactions and, consequently, more fees collected by the site.

Personally, I believe that no AI, robot, or similar technology can guarantee success in a volatile market because any sudden news or speculation can have a significant impact on the market within seconds. No AI would be able to stay that updated and respond quickly enough to such rapidly changing conditions.

I think this was still a bot and they only use the term AI to make it more appealing to those who think AI can make a lot of difference. And just like a normal bot, the profit potential will still depend on the skill of the trader.

It is said to have a loss protect feature but I think this is only similar to stop loss to prevent us from losing further but it does not totally make our trades loss free so don't worry because the balance of the market won't be destroyed. Even if the traders won't use a bot, the trading sites can still earn from the trading fees that their costumers are using but they are also paying to maintain their business and not all trading sites are successful at the end.

BenCodie

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Quote from: Bitcoinpoly on August 02, 2023, 08:38:52 AM

Quote from: BenCodie on August 01, 2023, 04:58:18 PM

Quote from: Bitcoinpoly on August 01, 2023, 01:21:03 PM

snip.

It was only a matter of time...but what should be done, is the conditions that the AI bot is using should be open-sourced...otherwise, how do we know what exactly the AI is programmed to do? If you aren't controlling it either, then what is the actual action for the user - just investing in the AI bot pool? I have to read more about this...

Yea that’s actually a good view, have tried it couple of time and I believe the AI work with the normal technical analysis of the market, once the market do not change direction as a result of news, rumors, human actions generally, that means the AI will be on good profit side. I might get you some link if you wish. Also you can check on Bitget website.

Well, in that case it should save a lot of time for day-traders and those who actually T.A./trade to-date. I don't think many are left. Though you are right that of news, rumors, human actions (and manipulation) did not exist, then this would thrive (if AI is only using T.A.). A good AI would be one that verifies news flow for authenticity/factual legitimacy and prices in news events as they are released, while conducting T.A.

If you have links to the AI open-source code I'm interested, otherwise I won't bother looking at what a centralized exchange is claiming to be AI trading for you. No code proof = can't be sure that it's even AI.

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Quote from: ananyabushra on August 01, 2023, 02:25:16 PM

AI is way more efficient than humans rn. It can profit from tiny price changes super quickly. Most probably, traders will adopt AI-powered trading soon

I would not recommend using AI for trading. These are just machines which are programmed to trade by giving and verifying necessary inputs. Sometime when human brains are required these AIs won’t help. They won’t be adaptive as a human brain is. Moreover if by mistake the trade goes to loss, you will only cuss yourself for the wrong decision. AI is a great tool to do analysis and to gather information. But relying on it, as in complete auto-pilot mode is highly risky.

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Quote from: Bitcoinpoly on August 02, 2023, 03:03:19 PM

Definitely i can share my trading history with you. Do not compare someone who is always careful with someone who trades to get the whole world, that’s where greed comes in.

Just share it here. I know you're not greedy. Wink

Quote

Yes he still trade whenever he need money.

O yeah, and I also know that everyone need money everyday... Wink

So name the date when we can see together how hewill do it again at least 2 days in a row live.

Quote

My friend I talked about makes a reasonable amount of profit than even myself even as a beginner in crypto. Do not tag it as huge please, just a boy appreciating his small earnings 😂😂😂 huge sounds too sophisticated for me please, but all I’m saying is I get something to add to my pulse through the tradings.

You said "HUGE" profits earlier, not "reasonable" profits or "small earnings". I'll be looking at those profits based on a percentage of trading caps, so don't worry that I can't tell the difference between HUGE, reasonable or small, and please stay consistent with the initial storyline.

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Quote from: Bitcoinpoly on August 01, 2023, 01:21:03 PM

Lately exchanges has been trying to integrate everyone within the crypto space with an opportunity to make profit. There are introduction of different features that can enhance user’s profitability such as copy trading, flexible savings, staking, Launchpad and the likes. Now AI bot has been introduced into some CEX where users have opportunity to trade with bot. In some cases bot are very smart regardless of the volatility of the market. Trading with both is just like trading smarter because you’ve got no reason to stress yourself.

Also there are exchanges that offers loss protection on their bot, users get loss protection fund in any situation of loss. This might be an opportunity to explore.

Let me know your view regarding the trading bot and if you know any exchange with such feature yet also with loss protection fund on users loss.

A.I hype is just getting started i guess, but for me to make use of any bot is off my league, i rather master my own strategy than have hope that some sort of A.I bot will handle my trades for me. And come to think of all this A.I hype have we seat to think about the disadvantages they carry or we are just overwhelmed with the performance for now.

Fuso.hp

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Before using the trading bot, make sure that the trading bot does not run on its own intelligence. The trending bot basically operates according to certain systems. According to the volatility of the market, sometimes the trading bot gives the right direction, but most of the time the trading bot gives the wrong direction, as a result of which less people can achieve success in trading using the trading bot. In the case of trading, one should never rely on such a system, manual trading using one's own intelligence is the best way to trade.

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Quote from: xSkylarx on August 02, 2023, 11:01:57 AM

I'm not sure if really the CEXs are introducing or like opening a feature on this, but mostly I've noticed it is the traders that are really making their own bot or purchasing it from others, as I've not known that those CEX are having it, and how do they do it, meaning it works the same algorithm as others because making a bot needs a set of procedures. Therefore, most of those traders that make their own bot customize it to their own strategy and style; they just automate it.

I think you’re getting it, they customize it to the strategy that suits a proper technical analysis.

Bitcoinpoly

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Quote from: rat03gopoh on August 02, 2023, 09:23:31 AM

Quote from: Bitcoinpoly on August 02, 2023, 08:11:15 AM

so far have been hitting profits

Proof?

Definitely i can share my trading history with you. Do not compare someone who is always careful with someone who trades to get the whole world, that’s where greed comes in.

Quote from: Bitcoinpoly on August 02, 2023, 08:29:54 AM

a friend of mine who is not up to my standard in technical analysis has been making huge profit daily with AI bot trading just because he has the mind to take risk and use AI bot.

Proof?
Can your friend do it again live?
[/quote]

Yes he still trade whenever he need money.

Sounds too easy, you don't have this reality, do you? And yeah, neither are any truly big-making tradingAI users going out in public to make such stories, unless they're just having a covert "operation".
[/quote]

I don’t make huge profit actually as I said, I do my DD I’m not greedy so the little I see is enough for me. My friend I talked about makes a reasonable amount of profit than even myself even as a beginner in crypto. Do not tag it as huge please, just a boy appreciating his small earnings 😂😂😂 huge sounds too sophisticated for me please, but all I’m saying is I get something to add to my pulse through the tradings.

xSkylarx

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I'm not sure if really the CEXs are introducing or like opening a feature on this, but mostly I've noticed it is the traders that are really making their own bot or purchasing it from others, as I've not known that those CEX are having it, and how do they do it, meaning it works the same algorithm as others because making a bot needs a set of procedures. Therefore, most of those traders that make their own bot customize it to their own strategy and style; they just automate it.

rat03gopoh

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Quote from: Bitcoinpoly on August 02, 2023, 08:11:15 AM

so far have been hitting profits

Proof?

Quote from: Bitcoinpoly on August 02, 2023, 08:29:54 AM

a friend of mine who is not up to my standard in technical analysis has been making huge profit daily with AI bot trading just because he has the mind to take risk and use AI bot.

Proof?
Can your friend do it again live?

Sounds too easy, you don't have this reality, do you? And yeah, neither are any truly big-making tradingAI users going out in public to make such stories, unless they're just having a covert "operation".

Bitcoinpoly

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Quote from: BenCodie on August 01, 2023, 04:58:18 PM

Quote from: Bitcoinpoly on August 01, 2023, 01:21:03 PM

Lately exchanges has been trying to integrate everyone within the crypto space with an opportunity to make profit. There are introduction of different features that can enhance user’s profitability such as copy trading, flexible savings, staking, Launchpad and the likes. Now AI bot has been introduced into some CEX where users have opportunity to trade with bot. In some cases bot are very smart regardless of the volatility of the market. Trading with both is just like trading smarter because you’ve got no reason to stress yourself.

It was only a matter of time...but what should be done, is the conditions that the AI bot is using should be open-sourced...otherwise, how do we know what exactly the AI is programmed to do? If you aren't controlling it eithef, then what isbthe actual action for the user - just investing in the AI bot pool? I have to read more about this...

Yea that’s actually a good view, have tried it couple of time and I believe the AI work with the normal technical analysis of the market, once the market do not change direction as a result of news, rumors, human actions generally, that means the AI will be on good profit side. I might get you some link if you wish. Also you can check on Bitget website.

Quote from: Bitcoinpoly on August 01, 2023, 01:21:03 PM

Also there are exchanges that offers loss protection on their bot, users get loss protection fund in any situation of loss. This might be an opportunity to explore.

Loss protection? So then, what is the risk of using the not? If it's too good to be true, it probably is. I am sure there'd be some kind of string attached to this benefit.

Currently the loss protection is just 100 USDT, and there are requirements for you to get it.

Quote from: Bitcoinpoly on August 01, 2023, 01:21:03 PM

Let me know your view regarding the trading bot and if you know any exchange with such feature yet also with loss protection fund on users loss.

l
Doesn't sound like a viable business model for the exchange and the whole thing doesn't make a lot of economic sense. Yet again, I haven't seen it in practice yet.
[/quote]

Actually the exchange won’t pay all the loss, have not hit loss so have not been given such but it’s just 100 USDT.

Bitcoinpoly

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Quote from: Aanuoluwatofunmi on August 01, 2023, 04:54:12 PM

Quote from: Bitcoinpoly on August 01, 2023, 01:21:03 PM

Lately exchanges has been trying to integrate everyone within the crypto space with an opportunity to make profit.

Maybe the newbies in cryptocurrency can get freaked of their moves in such manners, this is their first time to experience them making claims on profitability.

Quote from: Bitcoinpoly on August 01, 2023, 01:21:03 PM

There are introduction of different features that can enhance user’s profitability such as copy trading, flexible savings, staking, Launchpad and the likes.

Exchanges do not need to advertise trading features for people to use, traders are aware of them all, beginners are those that needed more information on that and those that best fit in making such adverts are the crypto influencers, exchanges will rather be busy updating you on the newly introduced digital currencies so you could invest

Quote from: Bitcoinpoly on August 01, 2023, 01:21:03 PM

Also there are exchanges that offers loss protection on their bot, users get loss protection fund in any situation of loss. This might be an opportunity to explore.

There's nothing called opportunity there, exchanges cannot introduce you with what will make them loose over you while you're winning, they are their to make money even at your expense.

To me I see it as a opportunity in a way because it integrates even the crypto novice into the profit making aspect of the crypto space, a friend of mine who is not up to my standard in technical analysis has been making huge profit daily with AI bot trading just because he has the mind to take risk and use AI bot. So it’s an opportunity for people who doesn’t even know how to trade.

Quote from: Bitcoinpoly on August 01, 2023, 01:21:03 PM

Let me know your view regarding the trading bot and if you know any exchange with such feature yet also with loss protection fund on users loss.

I will advise you DYOR, there's nothing like you making your findings and deciding for yourself, everything takes risk when it comes to trading, this post should be on trading discussion board please.
[/quote]

It’s now on trading discussion.

Topic: Did you know about AI trading bot? - page 2. (Read 604 times)