What's the Accuracy with using AI to trade

shinratensei_

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Quote from: Ararbermas on October 23, 2024, 09:03:52 AM

When it comes accuracy i think they're programed to be good on it despite of being so volatile of the market ,wherein they trade as well like a pro . But we can't say they are 100% accurate, i mean of course they will make mistakes also since they're created of humans . Lol
Infact i have one platform that offer AI trading and even them they are not 100% sure that it will be accurate. Because you know for the safety of their member they offer cash back if incase the trade fails afterwards. Which is good to be honest.

honestly the problem lies on the fact that there's actually no trading strategy that's foolproof, SMC, liquidity trading, SND all have one vulnerability that is if the market moves abnormally these strategy will fail and our money will be lost. therefore even if AI is being packed up with extensive knowledge of trading on various spectrum, it will likely still exposed to this problem and the winrate will come back to near 50% again.

so far I think AI trading is just ineffective because the nature of trading, I'd prefer using AI for investing instead since it's not affected by emotion and acts by logic. definitely could help a lot avoiding bad decision all around and can increase probability of being profitable.

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Quote from: tvplus006 on October 23, 2024, 08:08:39 AM

Quote from: Iamcrypticguy on October 08, 2024, 05:11:32 AM

...what do you think about AI Accuracy in trading ?

I do not think that the accuracy of the AI will be higher than that of the average trader, since not all transaction parameters can be calculated automatically. If everything were so simple and the AI could produce forecasts close to 100%, the market would not be able to withstand such a large number of such successful traders.

Trading and bitcoin mining are similar in the sense that if the participants get better at their respective task, then the difficulty to become profitable increases for everyone, so if AI can be used to trade and it is more effective than the average trader, this will mean that the average trader will have to use an AI to compete and those that do not will lose their money, and this will increase the costs and the barrier to entry to anyone that wants to trade.

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Quote from: Ararbermas on October 23, 2024, 09:03:52 AM

When it comes accuracy i think they're programed to be good on it despite of being so volatile of the market ,wherein they trade as well like a pro . But we can't say they are 100% accurate, i mean of course they will make mistakes also since they're created of humans . Lol
Infact i have one platform that offer AI trading and even them they are not 100% sure that it will be accurate. Because you know for the safety of their member they offer cash back if incase the trade fails afterwards. Which is good to be honest.

For the issue of accuracy maybe they were created it's true as you said, but as a robot, there must be a level of weakness that cannot be reached by it. The level of accuracy always has an uncertain value in trading and let alone complicated, even humans themselves are not able to guarantee a level of accuracy in 100% percentage. Please use Al but don't rely on it completely because what is feared is that it will not work well for certain trades.

Involve individual skills and learn trading well so that we are much more prepared to handle trading responsibly. Make sure that trading risks can be minimized even if we are unable to avoid these risks completely.

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Quote from: Gladitorcomeback on October 22, 2024, 09:11:49 AM

Because AI hasn't reached perfection yet and requires a lot of work and development to be accurate, I wouldn't rely on an AI bot to make trading decisions for me, whether it is a free or paid version. If I think I don't have time to make my trades myself, or maybe I don't have enough knowledge to do that, I wouldn't get into trading in the first place. Whenever I feel I have enough time to learn and improve my trading skills, that is when I will get into the market and do it myself instead of using an AI bot for it.

The reason for that is simple. As you mentioned, an AI will act only based on instructions fed into it, it cannot think like a human or act based on the movements or mostly the sentiments of the market. An AI wouldn't be able to understand whether a change in the sentiments of the market should be a reason for a change in the trading strategy and it will still execute the trades the way it was instructed to do them.

Eventually it will get better, so far we have seen the improvements and I have to say compared to 2 years ago, even one year ago, the improvements are gigantic. I do not think they will have leaps as much as right now, because this is start of it, and at the start big leaps are easier, then it becomes harder to have giant leaps like this. Think of it like bitcoin, going from 1 dollar to 10 dollars was easy but that was ten times higher, going from 50k to 500k would not be same ease at all.

This is why we need to be careful about AI and need to make sure we do not expect as much as we do right now, we can definitely have some smaller improvements which will not be all that complicated, and we will not have crazy results.

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When it comes accuracy i think they're programed to be good on it despite of being so volatile of the market ,wherein they trade as well like a pro . But we can't say they are 100% accurate, i mean of course they will make mistakes also since they're created of humans . Lol
Infact i have one platform that offer AI trading and even them they are not 100% sure that it will be accurate. Because you know for the safety of their member they offer cash back if incase the trade fails afterwards. Which is good to be honest.

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Quote from: Iamcrypticguy on October 08, 2024, 05:11:32 AM

Hey guys...Futures trading has undergone a significant transformation, with technological advancements making the way for a more accessible and efficient experience. One notable development is the emergence of products that allow individuals to trade, copy trade, and bot trade futures contracts, such as those based on the DCMI30 index. These products have democratized futures trading, making it easier for a wider range of investors to participate in this market for me i think accuracy is around 90% success from my DYOR.

what do you think about AI Accuracy in trading ?

I think it will not be better than trading by relying on yourself who already has sufficient insight and mature analysis. AI is only suitable for trading based on technical analysis. But we know the market also moves based on fundamentals. And yes, AI can also take fundamental data, but I'm sure insiders have faster access to information than AI when it comes to hunting for information in trading. One of the common secrets in the world of trading is information warfare. Whoever gets important information the quickest will be in the front row to make a profit. And information wars can also trick the market by creating hoax or fud news. And I'm sure AI can't get that far yet. They are only suitable if used to make small profits.

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Quote from: Iamcrypticguy on October 08, 2024, 05:11:32 AM

...what do you think about AI Accuracy in trading ?

I do not think that the accuracy of the AI will be higher than that of the average trader, since not all transaction parameters can be calculated automatically. If everything were so simple and the AI could produce forecasts close to 100%, the market would not be able to withstand such a large number of such successful traders.

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Quote from: Lightmanalmani on October 10, 2024, 06:55:34 AM

Mehn! When it comes to trading just leave Ai OUT OF IT I repeat LEAVE AI OUT OF IT, you might be swept off your feet with a juicy realisation that your account has been blown infact you might even be owing the broker lols that was jn a lighter note but the truth of the matter is just invest in knowledge acquisition.
Just my take though

I don't think it's as bad as you perceived it mate. Although, there are things to consider when you consider to trade with Ai. Some of these things have been outlined by Mk in the first reply on this trade. The source of your AI determines it reliability.

Again, no matter how reliable you think it is, over reliance on it is a red flag. This is one thing why I will not encourage the use of AI to trade despite its accuracy. The best practice is to learn manually and become expert than relying on AI.

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Quote from: Iamcrypticguy on October 08, 2024, 05:11:32 AM

Hey guys...Futures trading has undergone a significant transformation, with technological advancements making the way for a more accessible and efficient experience. One notable development is the emergence of products that allow individuals to trade, copy trade, and bot trade futures contracts, such as those based on the DCMI30 index. These products have democratized futures trading, making it easier for a wider range of investors to participate in this market for me i think accuracy is around 90% success from my DYOR.

what do you think about AI Accuracy in trading ?

AI in trading can enhance accuracy through data analysis and automation, but it remains limited when facing market unpredictability and unexpected events. It should be used with caution.

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Quote from: Iamcrypticguy on October 08, 2024, 05:11:32 AM

what do you think about AI Accuracy in trading ?

AI cannot make your trading accuracy high, AI only helps you by providing data and you have to keep analyzing it, because if AI is able to increase the accuracy of the trader's trading level then you just use AI for profit.
AI can help you to increase your trading knowledge but how you make decisions in trading will still affect your trading accuracy level, this can be said to be almost the same as bots where many traders think they can increase profits but actually only help to make our trading more automatic.

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Quote from: dunfida on October 22, 2024, 06:48:40 AM

We are moving in a world on which technological advancement is something that cant be stopped or something that could be stalled. It will really be continuing to advanced and make out
that kind of progress on which it will really be making trading even more better and having that convenience on which of course this is really beneficial for traders.
It will really be depending on you on how you will really be able to make use of it.

Of course I wouldn't mind having some rest while AI works for me, but I also want good results, so if it's not mature enough I won't bother using it.

But in any case I agree with you that we are moving into a world where technological progress is something that cannot be stopped whether we like it or not, I believe that in the future the use of AI will be part of our daily lives and will eliminate many jobs and do most of the tasks on behalf of humans.

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Quote from: yhiaali3 on October 17, 2024, 03:17:57 PM

From my experience with free AI in trading in some exchanges, I have not gotten good results yet, so I do not know how accurate AI is, maybe paid AI tools are more accurate.

But in general, I prefer manual trading as I can choose the decisions that suit me and I can adapt to the rise and fall of the coin according to the change in data, while AI cannot make decisions that suit you because it is programmed to execute specific instructions precisely.

Because AI hasn't reached perfection yet and requires a lot of work and development to be accurate, I wouldn't rely on an AI bot to make trading decisions for me, whether it is a free or paid version. If I think I don't have time to make my trades myself, or maybe I don't have enough knowledge to do that, I wouldn't get into trading in the first place. Whenever I feel I have enough time to learn and improve my trading skills, that is when I will get into the market and do it myself instead of using an AI bot for it.

The reason for that is simple. As you mentioned, an AI will act only based on instructions fed into it, it cannot think like a human or act based on the movements or mostly the sentiments of the market. An AI wouldn't be able to understand whether a change in the sentiments of the market should be a reason for a change in the trading strategy and it will still execute the trades the way it was instructed to do them.

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Quote from: yhiaali3 on October 20, 2024, 02:44:02 PM

Quote from: shinratensei_ on October 19, 2024, 10:01:01 PM

Personally I still think that manual trading still triumph over automated trading with AI approach as it hasn't reached level of maturity.
once AI is trained with big chunk of trading data, I guess it can be used to trade, but even then we don't know how accurate it is and how profitable using these AI.

Yes, this is my opinion too, manual trading is still better than AI because it has not yet reached maturity, but of course through development and training of AI we will reach a turning point in the future where AI will overcome human trading.

I must also say that I have only tried free AI, but I am sure that paid AI bots have more advanced features and give better results.

Reached maturity or not it wont really matter. Why? AI advancement would really be acting just like an aid into your trading and the worst part here is that there are people (specially newbies) will really be having that different treatment about AI application on which they are really that believing that this could really be something that could make money or sure profits on the moment that they do trade.

Accuracy isnt something that could really be giving out that kind of assurance. Use of AI will really be having that kind of giving out that convenience and comfort whenever you do make out some analysis
on which you could be able to utilize the usage of AI on which you could be able to apply on whatever you do tend to be able to apply into.

We are moving in a world on which technological advancement is something that cant be stopped or something that could be stalled. It will really be continuing to advanced and make out
that kind of progress on which it will really be making trading even more better and having that convenience on which of course this is really beneficial for traders.
It will really be depending on you on how you will really be able to make use of it.

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You have to develop a strategy and trainAI to understand it;
Or you pay for someone to develop for you if you will be ok allowing another person to take trading decisions for you.
Use the AI for some time and you will understand how accurate it is by yourself.
Also learnt to manoeuvre or manipulate the bot to your favour.
Don't try it if you don't understand it and be sure you'll control it.
If you train an AI in a particular way and the market makes a drastic change, it will not be able handle the situation. That's where the human factor comes in

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Quote from: yhiaali3 on October 20, 2024, 02:44:02 PM

Yes, this is my opinion too, manual trading is still better than AI because it has not yet reached maturity, but of course through development and training of AI we will reach a turning point in the future where AI will overcome human trading.

So that people will buy AI and be successful in trading because of the AI? It is not possible. That is not going to happen. I prefer manual trading no matter what.

Quote from: yhiaali3 on October 20, 2024, 02:44:02 PM

I must also say that I have only tried free AI, but I am sure that paid AI bots have more advanced features and give better results.

Paid AI may only be like waste of money for anyone that wants to make money from trading. If you do not need some automation in trading, you do not need AI. When some people think of AI, they are thinking of bots that can trade for them and make money for them. They are only deceiving themselves.

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Quote from: shinratensei_ on October 19, 2024, 10:01:01 PM

Personally I still think that manual trading still triumph over automated trading with AI approach as it hasn't reached level of maturity.
once AI is trained with big chunk of trading data, I guess it can be used to trade, but even then we don't know how accurate it is and how profitable using these AI.

Yes, this is my opinion too, manual trading is still better than AI because it has not yet reached maturity, but of course through development and training of AI we will reach a turning point in the future where AI will overcome human trading.

I must also say that I have only tried free AI, but I am sure that paid AI bots have more advanced features and give better results.

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Quote from: jcojci on October 16, 2024, 08:22:24 AM

It is better to learning from many sources to improves our skill in trading. You can use AI for trading but you must know how to operate it so you can have a profit. But until now, I think we must monitor the running of the AI because AI can not running without our command. If the market change the direction, we need to change the command to adapt the situation so the AI can run properly. Maybe you can gather all data from AI with your command and you trade using your analysis and you can have a chance to improves your skills.

In the case if trading I don't think it is advisable to rely on AI especially in trading because I think human will do better than AI, it might even get to the point at which they might even make more reckless decisions than even humans, I don't know what it will take is to actually study to learn, and do things our self but we always want to go for the easy once's.

And those that are interested in investing in using AI can go ahead because everyone as their believes so anyone that want to do Ai trading is very free, and if Ai is running on command then what else is the use of using it why not believe on your own instincts.

When it comes to trading spot is even more preferable than going directly into futures, because what if the Ai makes you broke by running on defaults just jokes doh.

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Quote from: Iamcrypticguy on October 08, 2024, 05:11:32 AM

Hey guys...Futures trading has undergone a significant transformation, with technological advancements making the way for a more accessible and efficient experience. One notable development is the emergence of products that allow individuals to trade, copy trade, and bot trade futures contracts, such as those based on the DCMI30 index. These products have democratized futures trading, making it easier for a wider range of investors to participate in this market for me i think accuracy is around 90% success from my DYOR.

what do you think about AI Accuracy in trading ?

There are many AI models. AI is not the same everywhere and in reality, it's a collection of bunch of algorithms, it's not a real intelligence. Your AI accuracy depends on the company that trains your AI. Everyone's AI model can have different data but just think about this: What if everyone decides to use AI to trade? Who is going to profit? This is a good question and I expect answer from anyone.

Quote from: mk4 on October 08, 2024, 10:56:43 AM

Asking what the accuracy of AI in trading is like asking what the accuracy of a pro trader is in trading.

No, it's not the same. There is a high chance that pro trader holds lots of coins and has the ability to at least slightly have an impact on the market, has connections and is one of the first to get access to the important news because otherwise it's impossible to be a pro trader, trading isn't about only technical analysis, it's only a mere part of it.

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Quote from: jcojci on October 19, 2024, 02:37:06 AM

That is why we must learning many things and be careful in making a decision because that will relate to many things. In trading, people must know and responsible how they use their money and not just trade without any preparation. I agree that AI is just a tool that helps us to trade but yes, we must have control so we can operates AI better.

We must setting the AI to run as per our analysis but when the market moves to the different pattern, we must back to reset the setting. If not, the AI can not follows the market moves and we will not make a profit. We must know how to operates AI so that is why we have to learning the command so the AI can run as we wants.

Never worry about any developments because what we need to do is adapt. Likewise, if it is related to trading that utilizes Al as an effort to make it easier. But it must be remembered that it is not the only way that can be chosen because we need further analysis of the trading that is being carried out. Being responsible in trading is important so that we can be more prepared to lose and trading certainly does not promise profit every time.

If that is the assumption then using your own analytical skills is much better than using Al which needs to be readjusted when the market moves in a different direction. I don't get many references on this because if I trade I never use Al at all.

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Quote from: Iamcrypticguy on October 08, 2024, 05:11:32 AM

Hey guys...Futures trading has undergone a significant transformation, with technological advancements making the way for a more accessible and efficient experience. One notable development is the emergence of products that allow individuals to trade, copy trade, and bot trade futures contracts, such as those based on the DCMI30 index. These products have democratized futures trading, making it easier for a wider range of investors to participate in this market for me i think accuracy is around 90% success from my DYOR.

what do you think about AI Accuracy in trading ?

AI has changed many things on online. We have taken many advantages from it. So that we are trying to find a trading way by AI made. I also have seen many AI strategy in top exchange. The main fact is accuracy what you were talking about. I didn’t find any particular strategy which can give us a good return infact above 80%. However i am really trying to find such strategy which can help us to get a good return but most of the strategy are able to give us a small amount of return which is not expected. So that it would be better to go with own strategy which can give me the best result. I don’t wanna depend on AI. If i get sany AI trick which can give me a good return than my own i could go for it.

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