Is it true that this AI is good for trading?

Dr.Bitcoin_Strange

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Quote from: Litzki1990 on May 03, 2023, 04:47:23 AM

Trading will never be as effective in AI systems as self-knowledge is in trading.

You may be right about that, because that's also my opinion in the past, but I don't think there is any proof yet that AI trading bots or human trading ideas are better. If there was any proof before now, I have yet to see it. Anyone can share if they get their hands on any information like that. I don't even buy the idea of this whole trading bot stuff, but I guess I might if it has been 100 percent concluded that trading bots are doing better than human intelligence. All I can say about the bot is that since it has no emotions like humans, it will be more principled in its risk management and deal well with investors capital to avoid taking a heavy risk when it's not necessarily very favorable to enter the market. Some people don't mind the risk of trading; no matter the market situation, they want to take a risk that can give them a heavy profit out of greed and emotional pressure.

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Quote from: Franctoshi on May 22, 2023, 10:28:44 AM

Some profitable trading Bots we have out there is constructed base one's strategy, However I haven't tried trading using trading bots but have seen traders who have profited and traders who have also gotten raked due to their reliance on trading Bots. If A.I are this reliable every trader will tend to be having own trading bot and no trader will have to bother him or her self analysing the market and placing trades , when bots will do the job and relieve traders from the stress involved with trading.

AI can be useful if you already have good patterns to supply.

It's more on the executions that AI can help as there's no emotions and it will wait for your set targets,
unlike with human practices most of the time emotions dominates and with fear inside and unsure
anticipation you will lose your investment.

Franctoshi

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Some profitable trading Bots we have out there is constructed base one's strategy, However I haven't tried trading using trading bots but have seen traders who have profited and traders who have also gotten raked due to their reliance on trading Bots. If A.I are this reliable every trader will tend to be having own trading bot and no trader will have to bother him or her self analysing the market and placing trades , when bots will do the job and relieve traders from the stress involved with trading.

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Quote from: Bushdark on May 05, 2023, 04:01:17 PM

Quote from: kojektea on May 04, 2023, 05:30:43 PM

if this is true, I don't know how expensive the bot will be sold. those who are called AI are not even stupider than humans, they are really very smart because we contribute data every day. I think this endless AI brain if used in trading bots will produce more mature profits, at least they can predict signals more accurately than paid channels

There are good AI bots in the market that we can use to trade Cryptocurrency or any instruments in the market but it is always expensive especially if the accuracy is massive. This is another pro traders that do build bots for trading makes there money without any stress. I have seen good bots with less inaccuracy that many traders had been using to back up there analysis do that things will favour them anytime they enter the market to make some trades. The most important thing is for us to get the tools and will work for us with good profits.

What I think is that a good AI robot should have a lot of high-frequency trading information, if an AI robot knows that, I think it would be earning a lot, because that is the type of trading that can be done and always have the profits safely, I think there is no other way to do it considering that the bitcoin market is a market that is not consolidated in its volume, each exchange manages its volume, unlike the forex market that is always under a consolidated volume, Because it is a much more controlled market, then AI robots must consider these premises in order to use it with complete confidence, meanwhile not, because it is considered a high risk for losing money.

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Quote from: kojektea on May 04, 2023, 05:30:43 PM

if this is true, I don't know how expensive the bot will be sold. those who are called AI are not even stupider than humans, they are really very smart because we contribute data every day. I think this endless AI brain if used in trading bots will produce more mature profits, at least they can predict signals more accurately than paid channels

It's true that there are a lot of AI bots available for trading cryptocurrencies, and their costs vary depending on the tier you want to use. These bots automatically execute trades in accordance with the user's specified criteria, but they are not always as profitable as you might believe. It's important to keep in mind, though, that using AI bots for trading comes with its own risk, so it's best to learn how to use them before you use them. Gunbot, 3Commas and Cryptohopper are one of well-known bots for trading cryptocurrencies.

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Quote from: kojektea on May 04, 2023, 05:30:43 PM

if this is true, I don't know how expensive the bot will be sold. those who are called AI are not even stupider than humans, they are really very smart because we contribute data every day. I think this endless AI brain if used in trading bots will produce more mature profits, at least they can predict signals more accurately than paid channels

Although I'm not sure if it's better than the paid VIP Channel which provides fairly accurate trading signals. But my friend has tried AI to write Scripts for trading analysis in tradingView. And the results are quite surprising because the level of accuracy is quite good. Although maybe not one hundred percent in a small timeframe. but in a timeframe of 4 hours to 1 day, the accuracy is quite precise. Except when there is a release event for the world economy. then the volatility is not included in the analysis in the AI-made script.

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Quote from: kojektea on May 04, 2023, 05:30:43 PM

if this is true, I don't know how expensive the bot will be sold. those who are called AI are not even stupider than humans, they are really very smart because we contribute data every day. I think this endless AI brain if used in trading bots will produce more mature profits, at least they can predict signals more accurately than paid channels

Okay, let's imagine there is a wonderful profitable bot which can be bought by anyone. So there are hundreds of millions of it's users. How all these people can get a remarkable profit at once? If it was possible that everyone gets income then there would be no stocks, bonds and currencies markets. Main idea of such a market is that there is a probability as to win as to lose. It is impossible that any tool can give a possibility of winning for each and every.

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Quote from: kojektea on May 04, 2023, 05:30:43 PM

if this is true, I don't know how expensive the bot will be sold. those who are called AI are not even stupider than humans, they are really very smart because we contribute data every day. I think this endless AI brain if used in trading bots will produce more mature profits, at least they can predict signals more accurately than paid channels

There are good AI bots in the market that we can use to trade Cryptocurrency or any instruments in the market but it is always expensive especially if the accuracy is massive. This is another pro traders that do build bots for trading makes there money without any stress. I have seen good bots with less inaccuracy that many traders had been using to back up there analysis do that things will favour them anytime they enter the market to make some trades. The most important thing is for us to get the tools and will work for us with good profits.

Pamadar

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Quote from: kojektea on May 04, 2023, 05:30:43 PM

if this is true, I don't know how expensive the bot will be sold. those who are called AI are not even stupider than humans, they are really very smart because we contribute data every day. I think this endless AI brain if used in trading bots will produce more mature profits, at least they can predict signals more accurately than paid channels

They can be better than those so-called expert paid channels.

AI uses data that is collected over the internet. With the use of good analysis,
the chance of predicting the direction is quite possible, as the market most of the time is just repeating itself.

Based on the past market situation, AI can collect those signals to provide better analysis and better judgements
when providing the possible next market run.

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if this is true, I don't know how expensive the bot will be sold. those who are called AI are not even stupider than humans, they are really very smart because we contribute data every day. I think this endless AI brain if used in trading bots will produce more mature profits, at least they can predict signals more accurately than paid channels

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Quote from: gabbie2010 on May 04, 2023, 10:48:00 AM

Quote from: Dimitri94 on March 19, 2023, 12:25:38 PM

Some traders are now willing to use AI for trading and some don't think AI is always appropriate for trading. Because this AI will be trading by depending on an algorithm it is not possible to get instant changes on recent events or other things automatically. I am not willing to use AI in such activities.

Preferably a trader can use AI to validate a trading setup which I think is far better than relying solely on AI alone, there are instances where price defies Technical and Fundamental analysis let alone AI which relies on Algorithm, there are bound to have inconsistency in profit if a trader rely on AI for trading, of course there are few YouTube videos featuring AI trading personally I think the owners of those videos are looking for more numbers of views to make money, some years back bot was also introduced to trading it outcome was nothing to write home about, personally I trade manually with any automation if deploy AI to my trading I can only use it as a backup.

I agree with these because as we have advance in our technology these days, it cause no harm to take advantage of these and try to use it for the things that can help us just like in trading. But, I view it as a helping tool rather than the sole basis of every decision that you make. Human capacity for judgement is still more advance than AI so what we can do really is just to use it as an aid for us to see how would the AI decides and makes some judgment on it so that you would not be so reliant in it. I think that trading is risky enough and if we make the AI trade for us make it more risky so just take advantage of it since it has its potential as well.

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In general, I trust the work by hand more than ever. This option seems to me much more reliable, because I frankly do not trust the robot. But then again - everyone has their own choice and their own point of view.

Great. It seems you have more free time? But for those who are busy, they are only using an AI or a trading but don't worry because the strategy that the AI is using still comes from their own analysis. It only becomes risky if you let all the work to the AI but you can always review their gathered analysis before you run them.

I think another thing that makes you worry is what if the AI became faulty during the middle of their run? That should messed up your trades and eventually drain your balance. I think it would be better if the developers put something like a fuse (the one we have on our electronics) to stop the program once it starts to malfunction.

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Quote from: Dimitri94 on March 19, 2023, 12:25:38 PM

Some traders are now willing to use AI for trading and some don't think AI is always appropriate for trading. Because this AI will be trading by depending on an algorithm it is not possible to get instant changes on recent events or other things automatically. I am not willing to use AI in such activities.

Preferably a trader can use AI to validate a trading setup which I think is far better than relying solely on AI alone, there are instances where price defies Technical and Fundamental analysis let alone AI which relies on Algorithm, there are bound to have inconsistency in profit if a trader rely on AI for trading, of course there are few YouTube videos featuring AI trading personally I think the owners of those videos are looking for more numbers of views to make money, some years back bot was also introduced to trading it outcome was nothing to write home about, personally I trade manually with any automation if deploy AI to my trading I can only use it as a backup.

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AI will eventually become a God trader but I don't think this isn't the right time for you to use it, think of this times for AI as trying times, they're still perfecting it and you don't want to get in while it's still on it's trial phase, maybe wait for 2-4 more years, there's going to be some big difference there definitely. Right now, I think people are just hyping it up and not a lot of people knows how to use the AI efficiently anyways.

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Quote from: Rigon on May 04, 2023, 05:40:00 AM

Chat GPT can help you but not accurately. If you follow the chat gpt you can get information from there but I don't think that information will be very useful for trading. Because you can generate signal as accurately as you can in trading platform but Chat GPT cannot generate that signal accurately. Although I have spent a lot of time on trading platforms, I have never traded with Chat GPT bot. Currently everyone is saying this Chat GPT AI trading bot is good but I will never accept it as good. Because I don't think this chat GP is suitable at all.

Whether it's a chat GPT or YouTube or a blog, it's important to keep in mind that no kne know the real prediction of any coin. For information about any coins future events, buyer and seller volume and other i think Chatgpt is best option. One should use Chatgpt for this purpose and can take trade. no doubt it's risky also because sometimes the information did not match and crypto price is not predictable.

I ask ChatGpt which coin to buy now and i got answer Below

Quote

Which crypto coin should be worth to buy now?

As an AI language model, I cannot provide financial or investment advice, and I must encourage you to do your own research before investing in any cryptocurrency or making any financial decisions. Cryptocurrencies are known for their volatility, and their value can fluctuate rapidly and unpredictably. Therefore, it's essential to make informed investment decisions based on your personal financial goals, risk tolerance, and overall investment strategy. I recommend you do thorough research on the different cryptocurrencies available, their underlying technology, and their historical price movements before making any investment decisions. Additionally, it's always advisable to consult a professional financial advisor before investing.

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Quote from: Rigon on May 04, 2023, 05:40:00 AM

Quote from: Outhue on January 02, 2023, 08:10:58 AM

I keep seeing videos on Youtube related to how good this A.I project called ChatGPT is very good trading and we all know how unreliable those YouTubers are, so I bring this on here instead, have you use this A.I project for trading yet? Any one?

UPDATE

Sorry guys its actually OpenAI not ChatGPT

Chat GPT can help you but not accurately. If you follow the chat gpt you can get information from there but I don't think that information will be very useful for trading. Because you can generate signal as accurately as you can in trading platform but Chat GPT cannot generate that signal accurately. Although I have spent a lot of time on trading platforms, I have never traded with Chat GPT bot. Currently everyone is saying this Chat GPT AI trading bot is good but I will never accept it as good. Because I don't think this chat GP is suitable at all.

That's how it is and we should know how the chat GPT works,
basically it will only help provide basic and general information so don't expect more than that,
which is clearly important to be wise in using technology.

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Quote from: Outhue on January 02, 2023, 08:10:58 AM

I keep seeing videos on Youtube related to how good this A.I project called ChatGPT is very good trading and we all know how unreliable those YouTubers are, so I bring this on here instead, have you use this A.I project for trading yet? Any one?

UPDATE

Sorry guys its actually OpenAI not ChatGPT

Chat GPT can help you but not accurately. If you follow the chat gpt you can get information from there but I don't think that information will be very useful for trading. Because you can generate signal as accurately as you can in trading platform but Chat GPT cannot generate that signal accurately. Although I have spent a lot of time on trading platforms, I have never traded with Chat GPT bot. Currently everyone is saying this Chat GPT AI trading bot is good but I will never accept it as good. Because I don't think this chat GP is suitable at all.

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whatever it's called, AI is just a program tool and not much different from applications that are currently circulating, AI will not be able to replace the role of humans in making decisions, every prediction that AI makes is only for consideration by traders.

so even though in the future an AI will appear which claims to be able to provide good predictions for traders, so don't believe it 100% however the decision to sell or buy 100% must be in your control.

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In general, I trust the work by hand more than ever. This option seems to me much more reliable, because I frankly do not trust the robot. But then again - everyone has their own choice and their own point of view.

Why don't you trust a robot? There are a lot of robots working for human: they produce cars, they sort garbage, they do a lot of useful work and it's good that human beings are no longer do such a monotonous and unattractive job. The problem with AI and trading is in that some expect AI will do everything for them and they need no understanding how it works. And it will not work. When all will use AI all can't win. So or there will be ones who understand better and using AI will use their knowledge and experience as well winning from others, or probably this will be like a lottery when you never know if you'll lose or win.

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Quote from: Dr.Osh on May 03, 2023, 03:23:00 AM

I feel that AI is just like a bot that is constantly being updated. however, I think the AI system also compares speculation and analysis of existing data, whereas trading always moves based on the needs and wants of the market at that time.
However, I do not recommend this. I prefer to trade with the speculation that I have. we will never know when the AI failed to read the price chart, and I think the risk in this case is very big.

Recently many open AI products have come to the market which can perform tasks very efficiently. But almost everyone knows that AI trading will not be very successful. Because trading is not built on any particular database. There is always change. I'm skeptical about how an AI can make good sense of these changes. But it can do well in other areas apart from live trading. Since trading goes at its own pace, I will focus on my own skills and strategies for trading as best i can in this market. Since they cannot make future predictions, Those AI will not be successful in trading.

Topic: Is it true that this AI is good for trading? (Read 1652 times)