How much human supervision do you believe AI needs for crypto trading? - page 3.

Hamza2424

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Quote from: Lakai01 on December 09, 2023, 10:03:12 AM

As a rule, AI no longer needs supervision even now. There was a very interesting experiment on this ... an AI was trained to shoot down airplanes under the guidance of a supervisor. After the training phase, the AI was asked what it would do first to improve. Its answer: "Kill the supervisor" Wink

Ahh, So evil haha, TBH AI is interesting the duplication model just outpasses the very outcome and currently I think we are playing under a controlled environment, any upgrade from this level will bring some unwanted results with AI. In trading, AI bots i think that will just lead the market to lose its natural flow.

Quote from: Lakai01 on December 09, 2023, 10:03:12 AM

To be honest, I also don't understand what AI is supposed to do in the trading sector:

Most of the data is very outdated
AI cannot predict the future ...
...If it does, bots will exploit this so quickly that it will once again just be a question of who programs the fastest bot - as is already the case with arbitrage trading.

Exactly, I think the same what maximum it can do is assist in technical analysis and manage the data and indicators for use more effectively, in taking positions it can help if it will, but that will only destroy the market behaviors.

Ai can give the speculations based on the TA, but the efficiency will be uncertain. AFAIK the efficiency will increase with he upgrades in the training models.

Rehan Zakir

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The AI bots are very efficient and accurate. Because theses bots are trained by machine learning algorithms to analyze what is the best decision at the run time.
I tried the bots for trading. Their performance is very good. Now, there are many crypto currency exchanges that are providing bots trading.

ZAINmalik75

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Quote from: R100K-Martin-Lunger on December 09, 2023, 09:55:55 AM

I know my answer but I'm just trying to figure out where you guys stand on AI and crypto trading. The usual argument against AI is it can't make nuanced decisions - at least for now. But how much supervision do you think sophisticated bots require to make trading decisions effectively? And how long do you think it'll take to get to the point where AI doesn't need that supervision?

I am not an expert trader so I will not expect some top-level analysis or profit-making technique from AI bots that I can recognize as a legit one. If I had some basic knowledge which I have then I might judge the results of AI bots, or AI chats that help us to make a trade. My point of view with these AI bots is a little different, which is, that they can't be used without human supervision, we at least have to give input and without input, we can't get output.

And input can't be made automated. So, we have to get involved whether we are using AI or not. I did not use AI tools for trading, but I did try an AI chatbot to get results for trading, but almost every nontrading bot like Chatgpt or Google Bard will say they can't give you any financial advice. While a trading bot might give you useful insights but only ones to give you some ideas to do research. I think AI bots would give us tokens out of every other token that existed with filters like EMA, RSI, etc., and should give us the proper reason.

yhiaali3

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I expect that it will take more time, at least 10 years, for humans to be able to create AI capable of making trading decisions with great effectiveness and close to accuracy.

Although I personally do not believe that there can be 100% accurate trading decisions, whether from humans or AI, because there are many factors that can suddenly change the market and mix the cards so that it becomes very difficult to predict the market accurately.

However, AI is developing so rapidly that it will become a great competitor to humans and may surpass it by several stages.

mk4

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A lot? I personally don't use trading bots and definitely not AI for trading, but I don't think it'll be that far off. Traders are just going to use AI as a supplementary tool — not necessarily something to make independent decisions.

retreat

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I don't know why people want to make AI the one controlling their trading. Because as far as I know, AI is not as intelligent as people say, it is just code written by intelligent people who can process information and provide results according to their analysis. So the results offered by AI are based on the limited information it receives. While not all information is available online, there are sources of information that cannot be accessed by AI, trader experience, technical analysis, and other factors that make individual trading much better than what AI can offer.
But maybe it would be no problem to use AI as a trading assistant, either to remind you to enter the market, to make deposits, and other things related to trading.

Dr.Bitcoin_Strange

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There's a bot on some CEX that doesn't actually make the trading decision, but rather you have to configure the bot on which price it should buy a coin of your choice, and you are also to add the amount that is to be spent in the trade. I have not seen any bots make more successful trades while trading on leverage. If you can't have a bot that does the job better than a human, then you don't have to rely on a bot. The cryptocurrency market is just so unpredictable, and even with the tools that traders use to analyze the market, they have not been able to know every direction of the market. Unless a bot is designed to make accurate predictions of the market movement, it will not be able to make very successful trades at all time.

Lakai01

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Quote from: R100K-Martin-Lunger on December 09, 2023, 09:55:55 AM

[...]
And how long do you think it'll take to get to the point where AI doesn't need that supervision?

As a rule, AI no longer needs supervision even now. There was a very interesting experiment on this ... an AI was trained to shoot down airplanes under the guidance of a supervisor. After the training phase, the AI was asked what it would do first to improve. Its answer: "Kill the supervisor" Wink

To be honest, I also don't understand what AI is supposed to do in the trading sector:

Most of the data is very outdated
AI cannot predict the future ...
...If it does, bots will exploit this so quickly that it will once again just be a question of who programs the fastest bot - as is already the case with arbitrage trading.

R100K-Martin-Lunger

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I know my answer but I'm just trying to figure out where you guys stand on AI and crypto trading. The usual argument against AI is it can't make nuanced decisions - at least for now. But how much supervision do you think sophisticated bots require to make trading decisions effectively? And how long do you think it'll take to get to the point where AI doesn't need that supervision?

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