What's the Accuracy with using AI to trade - page 2.

shinratensei_

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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.

AI's capability has allowed it to do exactly what you described, adapt to the rise and fall of the coin, if it fed with enough information it can make a good decision, I think the problem lies with the fact that these AI sometime make mistake, the nature of AI that give non deterministic answer can be a disaster for it to be utilized for trading, I've used chatGPT to make analysis about a chart, it sometime do well, but sometime it's just misleading.
so there's that.

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.

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Quote from: Zigabel on October 14, 2024, 10:49:33 AM

AI in trading isn't a bad idea, it's literally a very brilliant innovation and I have seen so many embraced it and in a way it has helped them quite a lot, but personally I have not and I'm willing to try it out for the reasons of accuracy which you rightly mentioned, I still believe at some point they will have some lags which could cause the trader a huge mistake such that they just have to bear it,

And he didn't said it was bad either but he was actually saying that it was good. Maybe there are others who are against it because they got a bad result after using it but it was actually their fault on relying it too much. AI must only be like a virtual assistant for us. I bet there are also others who are only whining about it, when they haven't even tried using it yet. Imagine if those who are willing to try AI for the first time, came across to these comments? They might also get poisoned out and end up not trying it and worse is they will even not recommend it to the people around them.

Since you also believe like the OP that AI in trading is a good idea, then why won't you try it? I won't say that you are lucky and you are here, and it was like your sign because even if you came across those who are bitter about it, your views are still different from them already. The literal meaning of lag is slow down, so the effect of it to us is it will only slow down our ability to profit. This is not worse as what you are telling there of leading us to make a huge mistake.

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Quote from: MarjorieZimmermanGinger on October 18, 2024, 11:01:48 PM

Humans are given reason to think, act and decide, but if this reason is not used properly then we are the same as humans who were created only to receive orders. In trading people are required to have a much more responsible attitude and have the ability to control trading in a much more effective way. We will not get this method when we do not have good knowledge and Al is just a tool that was created and we also have to control it so that there are no mistakes in predicting.

I want to know, if you use Al in a trade then what decisions need to be made and how do you manage Al so that you don't make mistakes in trading. Speculative markets sometimes we have to get out of the initial strategy that has been used and have to change the trading pattern according to market suitability.

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.

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Quote from: jcojci on October 18, 2024, 05:08:35 AM

You are right because we can have more knowledge about what we learn so that can improve our skills too. Using AI for trading needs to know how to run it properly so we will have a chance to profit. But yes, I agree that we don't have to rely on AI to make a decision because we need to responsible with what we do.

As long as we can keeps learning more about trading, the chance for us will be wide open even if we don't use AI to trade. It is good if we can improves our skills to trade especially for train our emotion so that will helps us to adapt in any situations.

Humans are given reason to think, act and decide, but if this reason is not used properly then we are the same as humans who were created only to receive orders. In trading people are required to have a much more responsible attitude and have the ability to control trading in a much more effective way. We will not get this method when we do not have good knowledge and Al is just a tool that was created and we also have to control it so that there are no mistakes in predicting.

I want to know, if you use Al in a trade then what decisions need to be made and how do you manage Al so that you don't make mistakes in trading. Speculative markets sometimes we have to get out of the initial strategy that has been used and have to change the trading pattern according to market suitability.

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Quote from: shinratensei_ on October 17, 2024, 12:12:18 AM

honestly using AI assist is great, just imagine if we just spoke to AI and it will create order based on our command, definitely cut the time needed to input value to the orders form, I wonder why there's no app or cex that implemented this, but like as you said, I won't believe AI to do things on its own, my experience from utilizing even the most advanced LLM like the recent chatGPT's version, it still fall short in many aspect, so many delusion, so many not so credible information and so on, it still need fix, if for just info like that it can be wrong, can you imagine AI accidentally creating future contract order with 100% margin with 100x leverage shorting the market while the market in bullish just because it's creating that case of AI delusion, it will be a really grave mistake. a mistake that will cost us entire margin account .

To be honest, it's great, and this is the most powerful technology created by humans to help ease human work.
I also use it to know things that I can't ask others, learn how to manage finances, do management,
but I also never ask the AI to make predictions, because the AI won't answer and the AI's answers will also vary.

Mistakes will always happen and it depends on how they manage the data, and where the data is taken from.
Mistakes can happen and of course as a user don't trust easily.
If they can place an automated contract order with 100% margin and 100x leverage, it will not guarantee a profit,
but it will make a big mistake with a loss that you don't want.

Don't let the AI control everything, you need full control and the AI is just an assistant.

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I agree with others, we are talking about something as accurate as the person who built the AI and nothing more, there is no single answer t this. I am sure if openAI put all their resources into building an AI trading bot for crypto, they would build something amazing and we could use it to make money.

But when a lot of bots work all at the same time, then there is a problem, which means they all try to do the same thing, which pumps and dumps the coin, and ruins the system and how the trading works, and you get bad results because of the bot itself when it should have been a good result. If you work only one bot like that, then you are going to get rich. This is because openAI has a huge resource with people and servers and they have the experience to do something like this, so the yare going to build something nice.

If you are getting an AI trading bot from some stranger on this forum? Of course you are not going to get anything good coming out of it, they are nobody and do not have resources to build something great, and the results will be random, they are not going to be steady profit making machines which you are looking for. Hence, go with your own trading, you will do better.

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Quote from: MarjorieZimmermanGinger on October 17, 2024, 11:07:58 PM

All of us have the opportunity to learn and it is not only limited to a few references because the more we learn the more insight we have. As I said before that Al can be used for profit but not completely dependent on it because every human being has thoughts that can be combined and we have decisions in running it. Confidence is important as long as we know that the decisions taken have met the criteria in running the trade so that the decisions taken are not wrong even though sometimes there are also slight errors.

When you want to trade and make money, there is no way when someone does not have the knowledge and even experienced people also experience losses in trading at certain times. Mental readiness and management are needed so that people can be much more prepared in any condition.

You are right because we can have more knowledge about what we learn so that can improve our skills too. Using AI for trading needs to know how to run it properly so we will have a chance to profit. But yes, I agree that we don't have to rely on AI to make a decision because we need to responsible with what we do.

As long as we can keeps learning more about trading, the chance for us will be wide open even if we don't use AI to trade. It is good if we can improves our skills to trade especially for train our emotion so that will helps us to adapt in any situations.

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Quote from: jcojci on October 17, 2024, 01:02:50 AM

Your friend is right because as long as we have the chance to learning more, our abilities will be improved so that means we can do better than before. We can do with our skills and no need to use the other things. But we could still learns AI for our benefit because we can follow what happens in trading. That can gives us more knowledge about trading, we know what and how AI works which can gains more benefit to us.

Learning to have better skills is a must so we can search for the right sources from out there. That is what we must do if we want to improve our skill and not depend on AI because we also need to have better skill to trade so we can analyzes the market.

All of us have the opportunity to learn and it is not only limited to a few references because the more we learn the more insight we have. As I said before that Al can be used for profit but not completely dependent on it because every human being has thoughts that can be combined and we have decisions in running it. Confidence is important as long as we know that the decisions taken have met the criteria in running the trade so that the decisions taken are not wrong even though sometimes there are also slight errors.

When you want to trade and make money, there is no way when someone does not have the knowledge and even experienced people also experience losses in trading at certain times. Mental readiness and management are needed so that people can be much more prepared in any condition.

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Quote from: AmoreJaz on October 15, 2024, 04:45:47 PM

Quote from: Peanutswar on October 15, 2024, 09:55:31 AM

-snip-

Acquired knowledge and skills is much better than relying on AI bot or other AI programs. But you can ask for their assistance from time to time, if you feel you need it. But having first-hand experience is always best to attack a situation.

AI can help in some parts - but relying on it as the main predictor that gives you profits is not very reliable. I mean - AI predictions for fluctuating asset prices are sometimes correct, but we all already know that what they use to predict is past data. It's not a good choice to rely on AI - but AI can be a helpful tool for every trader in developing trading and investment plans.

All this time - I don't trade with AI predictions, even if there are many successful traders getting returns. Our ability to analyze must be honed all the time - this can be our experience in trading and getting to know more opportunities.

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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.

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Quote from: MarjorieZimmermanGinger on October 16, 2024, 09:22:17 PM

I have a friend who always says this about many things, why should we trust others if our own abilities can be improved. Learning from many sources will indeed give us broader insights but it takes the ability to recognize because not all information can be used properly. I believe Al has a little influence in trading activities but he cannot make decisions for the trading problems we handle. When it comes to trading without the right knowledge then how can people make decisions and expecting Al completely is not right.

Learn to improve skills from many sources and that's okay but test each source whether it is suitable for the trade we do. Everyone must learn in many places but they must make their own decisions in every trade they make.

Your friend is right because as long as we have the chance to learning more, our abilities will be improved so that means we can do better than before. We can do with our skills and no need to use the other things. But we could still learns AI for our benefit because we can follow what happens in trading. That can gives us more knowledge about trading, we know what and how AI works which can gains more benefit to us.

Learning to have better skills is a must so we can search for the right sources from out there. That is what we must do if we want to improve our skill and not depend on AI because we also need to have better skill to trade so we can analyzes the market.

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Quote from: taufik123 on October 16, 2024, 10:16:28 PM

Quote from: BABY SHOES on October 15, 2024, 06:43:57 PM

-snip-
I don't know if many traders still rely on AI for trading? Meanwhile, how our skills so far must also be improved... So what I know is that traders now still rely on their own skills and knowledge to trade.

And YES - AI is only an assistant when needed.

There must be a lot and now there are already many uses of AI for trading.
But as a wise user or trader, having basic knowledge is necessary, as it is impossible to use AI for trading without understanding the science of trading.

Those who rely solely on AI alone will not get anything, and AI will also not give advice on Finance and trading predictions because of the protocol that prohibits it.
AI will only help to make it easier to process trading data or some missed trends and some Fundamentals that will affect the market.

AI will be a perfect assistant if trained well, but it will be very bad if you can't use it.

honestly using AI assist is great, just imagine if we just spoke to AI and it will create order based on our command, definitely cut the time needed to input value to the orders form, I wonder why there's no app or cex that implemented this, but like as you said, I won't believe AI to do things on its own, my experience from utilizing even the most advanced LLM like the recent chatGPT's version, it still fall short in many aspect, so many delusion, so many not so credible information and so on, it still need fix, if for just info like that it can be wrong, can you imagine AI accidentally creating future contract order with 100% margin with 100x leverage shorting the market while the market in bullish just because it's creating that case of AI delusion, it will be a really grave mistake. a mistake that will cost us entire margin account Grin

.

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Quote from: BABY SHOES on October 15, 2024, 06:43:57 PM

-snip-
I don't know if many traders still rely on AI for trading? Meanwhile, how our skills so far must also be improved... So what I know is that traders now still rely on their own skills and knowledge to trade.

And YES - AI is only an assistant when needed.

There must be a lot and now there are already many uses of AI for trading.
But as a wise user or trader, having basic knowledge is necessary, as it is impossible to use AI for trading without understanding the science of trading.

Those who rely solely on AI alone will not get anything, and AI will also not give advice on Finance and trading predictions because of the protocol that prohibits it.
AI will only help to make it easier to process trading data or some missed trends and some Fundamentals that will affect the market.

AI will be a perfect assistant if trained well, but it will be very bad if you can't use it.

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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.

I have a friend who always says this about many things, why should we trust others if our own abilities can be improved. Learning from many sources will indeed give us broader insights but it takes the ability to recognize because not all information can be used properly. I believe Al has a little influence in trading activities but he cannot make decisions for the trading problems we handle. When it comes to trading without the right knowledge then how can people make decisions and expecting Al completely is not right.

Learn to improve skills from many sources and that's okay but test each source whether it is suitable for the trade we do. Everyone must learn in many places but they must make their own decisions in every trade they make.

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Quote from: AmoreJaz on October 15, 2024, 04:45:47 PM

Quote from: Peanutswar on October 15, 2024, 09:55:31 AM

It depends on the program by the developer because they could be just follow other peoples trade on a particular platform just support with the use of the API and do the copy trade. AI is still configurable by the developer how they would like to behave the current system. Possible they can just gather those data and makes a summarize accumulation of the possible position it's too much vague about the question I guess. I will consider self learning in trading than being dependent in bot or else you don't any have time to trade.

Acquired knowledge and skills is much better than relying on AI bot or other AI programs. But you can ask for their assistance from time to time, if you feel you need it. But having first-hand experience is always best to attack a situation.

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.

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

-snip-
what do you think about AI Accuracy in trading ?

AI will change nothing in trading if the profiting is the context. It can only improve the way we interact with trading, nothing more. The market is too dynamic for one AI to start profiting so much from, all the brokers you see would close their shops if that happens. This is not the first time we are using and hearing a lot about trading AIs, to what end?

But before, they were not as advanced as this, nevertheless, they've not been able to hack the market to significantly profit the trader. And as usual, their profitability will be limited, that's if the AI is not even causing the trader to lose his hard-earned money.

Warning: Do not to let all these social media marketers make you waste your money much in the name of AI, they are there selling enough that will not work.

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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.

It is the same with the relationship between the trading ability of someone who is experienced and professional in trading, but can this accuracy guarantee an effectiveness level of above 90% and how in certain conditions they also fail to handle trading well. If trading only relies on other people's abilities then it should not be a good job to do and don't expect more success using other people's abilities

I believe that is just another important part to learn because the more democratizing other people's style trading, the better our knowledge will be. Thus we are much more prepared to face trading but it does not guarantee it completely because it takes separate study in making a decision.

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Quote from: taufik123 on October 15, 2024, 04:07:02 PM

Sometimes there are also many mistakes made by AI because they have not been fully trained and also lack more accurate information and data.
But it is very unwise to just believe that once I am with AI and do not re-research, AI will only be an assistant that will make it easier, not replace it completely.

Nothing is perfect in AI usability maybe some people believe it fully but they don't think there will be any mistakes to come.

The data that AI collects will not be completely accurate.

I don't know if many traders still rely on AI for trading? Meanwhile, how our skills so far must also be improved... So what I know is that traders now still rely on their own skills and knowledge to trade.

And YES - AI is only an assistant when needed.

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Quote from: Peanutswar on October 15, 2024, 09:55:31 AM

It depends on the program by the developer because they could be just follow other peoples trade on a particular platform just support with the use of the API and do the copy trade. AI is still configurable by the developer how they would like to behave the current system. Possible they can just gather those data and makes a summarize accumulation of the possible position it's too much vague about the question I guess. I will consider self learning in trading than being dependent in bot or else you don't any have time to trade.

Acquired knowledge and skills is much better than relying on AI bot or other AI programs. But you can ask for their assistance from time to time, if you feel you need it. But having first-hand experience is always best to attack a situation.
But if you happen to have good knowledge of the AI, it can really help you a lot in trading. It is said that you also need to program your AI bot according to your needs. It means, you need to have technical know-how how to employ AI in your trading. Otherwise, you are just getting into a technology that you don't know how to utilize its potential and you may just end up regretting using this AI tool.

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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.

What data is the AI trained on? and from where?
What indicators is the AI using?
How much data is actually fed to the AI?
etc.

And again, it all depends on the data that is managed and studied.
People who don't fully understand how AI works can only think that AI is perfect.

But in fact, AI is just like an empty container that must be filled with various things,
and its advantages can indeed contain any knowledge and can be processed quickly.

Sometimes there are also many mistakes made by AI because they have not been fully trained and also lack more accurate information and data.
But it is very unwise to just believe that once I am with AI and do not re-research, AI will only be an assistant that will make it easier, not replace it completely.

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