Topic: Get Trading Signals for BTC & ETH from an Artificial Intelligence. For FREE? (Read 145 times)

Exactly. It's just a guide for users to understand market sentiments. They only offer for BTC & ETH markets so I don't see the point of it being 'scammy' + it's free and opensource. See their code here: http://github.com/hype-ecosystem/. They configured an existing AI prediction bot which was good for stock markets called Genotick.

It can be 'unreliable' for sure as nothing can be guaranteed with crypto markets. But to call it a 'scam' is just far out ridiculous lol

I believe the signal you used to be is the scammy signal posted on telegram channel which an admin determines a coin that has a potential pump/dump then set a buy and sell target price.
That signal is the literal scam signal for crypto. The one that posted above is signal which will notify people if a certain coin/token price is down/up if ever it reaches a certain price percentage changes.
This kind of signal is good so that traders will be aware of what token is good to buy for the current market condition. This is just a GUIDE for traders since we human are not always active 24/7 and
we are not aware all the time on what's happening in crypto.

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This is just my assumption based on the data available on the OP. This also what I know about the AI trading signal since I'm a fan of Rialto.ai project before they terminate their service.  

This is useless. And this is nothing new. These kinds of signals were already offered years ago. AI and bots-based trading signals were all over telegram and other social media sites even before. Artificial Intelligence is good and the development of which is going to become beneficial to the world. But in terms of cryptocurrency trading, it is very limited in scope. It cannot survey news and similar developments.

 If AI is really great, everyone will want a signal from it. but I have a question, which signals do AI trading Signals use and which models to determine the next trend of the market?
Besides, to be more effective, you should add details about the going down or going up. For example, where should we stop and when is the profit target.

It's free. It's open source. So why not? if we are a smart trader we can make our own decisions on top of these predictions lol

To be honest, it is pretty interesting.

Just to know how great the AI could give a correct signal and not to easily follow it.

I'll give a try, but once it asks for money to provide private signals, I'll definitely leave it.

I'd rather do it myself tbh. That or create my own AI. Its pretty hard to trust these kinds of things after all. No matter the results or process it could do and would do, Trust is the basic foundation for everything, especially when it comes to talks about money. Plus its in beta? why would we risk our hard-earned money to use something in the works then?

I don’t Trust this kind of shit signal.maximum signal group is scam.i don't know you,ust warning people before join trading signal group think twice.best of luck for your group.

This post has been brought from beta.cent.co from user: hypetoken.

I do not own any of these materials. Just wanted to share this free-for-all service I found.



AI TRADING SIGNALS
This service initially started as an exclusive subscription-based service for HYPE Community members. However, we have decided to make this free-for-all as we are determined to transform our ecosystem into an open-source & free-for-all system.

AI Trading Signals are just one part of the many ecosystem platforms/services supporting the HYPE project. Learn more about the Ecosystem HERE.

Please note that this service will stay in a BETA phase until the end of 2019. Telegram Messenger is a requirement to use this service as all signals are sent via a channel on the app.

The AI bot sends signals every 1 hour for BTC-USD & ETH-USD markets. You can either subscribe on Telegram (https://t.me/AI_CryptoTradingSignals) or subscribe to our Twitter (https://twitter.com/aicryptoSignal) to receive the hourly signals (NOTE: 24hr chart is only provided on the Telegram Channel).

HOURLY SIGNAL EXAMPLE



DAILY CHART SIGNAL EXAMPLE
Every 24 hours, the AI bot will create a chart for you to compare the day’s signals on top of the actual traded prices.





WHY AI?

Artificial Intelligence revolution is upon us. Self-driving cars are fact, chess programs that beat an average professional have been known for a long time. Stock market trading, being unregulated in terms of traders’ methods, will reward those on the cutting edge of research. Best hedge funds may be still be run by humans but if their method is really better, AI will figure it out as well. Besides, most traders do not compete with the best. Just like in the tale where two men are trying to escape from the bear, they need to out run one another, not the bear. Because stock market has so much randomness, it will take traders longer to notice that their opponent is using a superior method.

Another important argument in favour of AI is that most traders specialize in one trading style, be it trend following, mean reverting, fundamental analysis and so on. That is because learning one style is difficult enough, mastering all of them is impossible. When traders start using AI, they suddenly can reach to methods that were not available for them before. By utilizing AI, traders can trade free from their believes, misguided opinions and personal limitations. (Wojtow, Genotick)

The HYPE AI Trading Signal Service is a combination of the Genotick open-source AI bot + Stacked Learner Tweet Sentiment module. Genotick is a well known open-source AI bot which has performed well for traditional stock markets and commodity markets. However, it has performed relatively weakly and rather conservatively when it comes to cryptocurrencies, due to its immense volatility. To improve this, we have added the Tweets-for-Price-Prediction neural network module which is a script for scraping twitter data for predicting stock prices.

We overcame the problem of machine-learning AIs specially designing the algorithm to be Walk-Forward only. That is, similarly to actual trading in real life, our software trades and learns as it goes along. There is no separate learning and trading modes. Also, to better simulate real life, we forced the algorithm to trade on the market’s next price, instead of its last. This is to simulate a real life delay between analysis and placing a trade.

At the beginning Genotick creates initial systems by randomly choosing instructions, changing their arguments and grouping them into lists. Each system has one list of instructions than can be up to 1024 long. Interestingly, once a system is created it never changes. This allows us to trust the system – its output will always be the same on the same data. All systems are saved in a population which is adjusted (or “learns”) over time with genetic algorithm, one day at a time.

Our algorithm assumes that there are multiple systems, each a little bit different. We then take all their predictions to calculate one cumulative prediction that would be used by a user to put a trade on. Genotick calculates profit yield by these predictions and reports it to the user at the end. The final result is what a user would get in real life when executing every day and opening a trade at next market open. (Wojtow, Genotick)


Above Testings Showed a Result of 75% accuracy



From the chart, this network seems to have less of a bias towards a single prediction and might be more suited for practical application. However, the accuracy is not always guaranteed and it is a well-known fact that accuracy of these bots drastically decrease with real-time data, particularly when the markets are highly volatile.

The AI-powered Trading Signals should therefore, only be used to serve as a supportive indication added on to your proven trading strategies. You should not solely rely on the signals provided by these bots to make financial decisions and your own due diligence is essential when it comes to trading cryptocurrencies.