What's the Accuracy with using AI 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.

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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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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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 will say there is no accuracy or we can assumed to be 1-0 because bot is something that may not give you the required approach to trade and secondly, bot shouldn't be a thing of reliability instead can serve as a means of assist to trade, meaning you can use and activate bot at busy moment or a little rest where the bot does all the monitoring and execution of trade.
For someone to give a total accuracy of bot simply means such person uses bot and has been benefiting from it for a long time, with this s/he can do the summations but I most ask, what information does the bot operates on.

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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 ?

Nobody will advise you to use AI to trade here. When it comes to trading, it is very risky; even the professionals lose money some times in trading just because they know how to manage their risk, and that is why they don’t lose too much compared to those who did not have the knowledge. My advice for you is to go and learn and forget about AI; learn how to trade by yourself. If you are thinking of using AI, it will not help you at the end of the day, and you will lose your money in trading.

If you learn and trade on your own, it will help you. AI can also make things wrong for you sometimes. As long as trading is a concern, there is a way I think you will manage your risk. AI will make you put more than what you can afford to lose because you think AI will not make a mistake, which is not so. AI cannot outsmart the market.

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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.

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Quote from: RockBell on October 13, 2024, 03:33:44 PM

Even with the right resources I don't think I will consider Ai doing my trading for me because what if things don't go well because their is no way that the AI will out smart the market because it will definitely kill the fun of trying to predict the market and if Ai is actually is guess right all the time then the whole market is going to be fucked so I will take responsibility of doing everything my self. So that when ever I fail I will take responsibility of my action that trusting an artificial intelligence. And I can not risk my money with something I know it can fail me. And it's a personal decision does that want to use Ai to trade they can use and for now majority is into spot only few people want to do features, and trying something new might actually favour so people so the choice is theirs to make either using AI or trading spot or futures.

I meant that ordinary traders will not have access to such technologies, it will be available only to large corporations with huge financial capabilities. I do not want to speculate now what AI will be capable of, which will have access to all existing strategies and all sources of information, and which will be able to act without emotions, only on proven algorithms using the knowledge of the best traders, but it seems to me unnecessary, since it is obvious that a person will have no chance against such an opponent.

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The thing about using any AI is that it works with already available information out there, say RSI strategy, moving averages etcetera.. so it's basically dependant on this information that this will work and also I believe these strategies that AI might use lag and you could be missing the quality trades and entering late.

To counter this, I would suggest learning how to trade by oneself so that you can analyse the charts yourself and catch those quality trades and increase your win rate too

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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 ?

It is true those tools allow for more people to feel confident on risking their savings and trade them away, but make no mistake, there is no democratization at all, the profits will be concentrated on the same hands as they have always been, with institutional investors getting most of the money and a few talented independent traders getting the rest, while those that relied on those tools without knowing what they were doing will lose all their money.

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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, I still believe just like humans, the AI wouldn't be a 100% and so it may still give off the human tendencies.

AI can be accurate if what you need it for is to make some work done easy for you. Example is an AI which you can use on an exchange for DCA in a way the AI bot can be helping you to buy a coin at certain period of time that you set it. Like a bot to be helping you to buy bitcoin every week on Monday. But if the AI bot is for profit making, like to help you analyze the market and to help you open a position, you will only be disappointed with the trading result. This is the reason I can not use AI to trade. J prefer my personal trading knowledge and experience.

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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, I still believe just like humans, the AI wouldn't be a 100% and so it may still give off the human tendencies.

The auto side of it it's the only great advantage I have seen over humans but for a full time trader, it may not be really necessary as you are almost on your chart all day long which is what this AI does for you so of there may be no need except for the purpose of analysis and that would be just to eas some forms of stress going around to source for informations that would aid your analysis.

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

~

Depends on the model it references in? I mean in the first place AI uses real-life strategies and methods used by professional traders, so pretty sure it just follows that. Granted people who use AI may have convoluted results since it's a mix and match of a lot of different use cases and I reckon even AI wouldn't be able to summarize it THAT well, only offering generic advise for the most part. I'm not saying that it can't achieve good results, I'm just saying you still need to know what it's saying before you can actually use it, due to how convoluted info can be. At least for now.

I reckon even with a lot of testing it'd still be hard to gauge it's accuracy since the market can be ever changing.

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It’s great for one to experience new technologies when trading but I will advice never to depend fully on AI bots, bots accuracy depends also seeing some bot can’t get a trader close to success. Almost every trader make use of bots for research no doubt they’re very fast but reliable I don’t think all bots are worth the time we give. I guess op believes so much in bots just wondering what might happen when there’s no self strategy just bot then people will definitely face lose personally I don’t feel it’s proper for traders to depend only on bots.

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Quote from: Cryptmuster on October 13, 2024, 05:33:45 AM

I think AI, with proper access to all available resources, trading strategies, could achieve simply stunning results. I mean AI that could learn and have the ability to trade independently. I am not sure if this is possible now, but in the future it may become a reality. As for AI at the current level of development, I also think that it can bring quite good results, only it is necessary for AI to have access to all the knowledge that professional traders have. To sum up, human capabilities will always be limited compared to developing technologies.

Even with the right resources I don't think I will consider Ai doing my trading for me because what if things don't go well because their is no way that the AI will out smart the market because it will definitely kill the fun of trying to predict the market and if Ai is actually is guess right all the time then the whole market is going to be fucked so I will take responsibility of doing everything my self. So that when ever I fail I will take responsibility of my action that trusting an artificial intelligence. And I can not risk my money with something I know it can fail me. And it's a personal decision does that want to use Ai to trade they can use and for now majority is into spot only few people want to do features, and trying something new might actually favour so people so the choice is theirs to make either using AI or trading spot or futures.

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Quote from: JeffBrad12 on October 11, 2024, 09:51:55 PM

Unless there's extensive testing toward the accuracy, all will be empty speculation.
If the accuracy is so great, then it'd be a big thing already, since 90% accuracy means we can simply grow money by just letting the AI bot runs our trade, which i don't think there's any AI bot that can do that so far.
I've tried plenty of time using bots provided by exchange, they don't do really well, self trading still yields more profit.

so I guess the accuracy of the "real" AI bot currently available in the market, at best still 55-60%. but of course it's just raw speculation as well.

I think AI, with proper access to all available resources, trading strategies, could achieve simply stunning results. I mean AI that could learn and have the ability to trade independently. I am not sure if this is possible now, but in the future it may become a reality. As for AI at the current level of development, I also think that it can bring quite good results, only it is necessary for AI to have access to all the knowledge that professional traders have. To sum up, human capabilities will always be limited compared to developing technologies.

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Quote from: Iamcrypticguy on October 11, 2024, 08:52:33 AM

.but could bots integration make trading easier?? That's for someone who isn't a newbie though .

A bot basically does what you can do yourself but it is used to automate the process which means you won't have to do anything and you let the bot do it for you while you let it know what you want it to do. A trading bot doesn't maximize your profits because it basically uses the settings you set and it only executes trades based on the instructions fed to it.

Using a bot is only recommended for people who want to trade but have no time to do it manually themselves, so they use bots to automate their trading and they use the strategies they think would work through the bots which means that a person will have to know the technical aspects of trading to be able to run a bot successfully or he can mess up everything and lose money.

The same is the case with AI. The only difference is that an AI bot might fetch the settings and strategies itself when asked, less hassle but the same function at the end of the day when it comes to making trades.

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I just watched Elon Musk sowing the world the "robot" he is building, which we all know won't happen for at least another ten years, and so far all the things that he has shown was from human controlled machines, not real robots who move independently, but we are talking about a great start and hopefully one day they will have robots to do everything and we will just sit at home and chill, or do whatever we want.

Automatic cars has been a thing for a while and we are getting great results so far, and hopefully we are going to get even better results in the future but legality of it and regulations will take time, what happens if your robocar hits another driver and kills them will be a question for a long time. I believe AI trading bots are the same, what happens if AI trading bot loses all of your money? Who are you going to blame? AI? The company who made it? You for setting it up badly? We have no idea, so why not stay away from giving your money to some bot you are not sure about.

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Unless there's extensive testing toward the accuracy, all will be empty speculation.
If the accuracy is so great, then it'd be a big thing already, since 90% accuracy means we can simply grow money by just letting the AI bot runs our trade, which i don't think there's any AI bot that can do that so far.
I've tried plenty of time using bots provided by exchange, they don't do really well, self trading still yields more profit.

so I guess the accuracy of the "real" AI bot currently available in the market, at best still 55-60%. but of course it's just raw speculation as well.

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I don't think AI/Bot are accurate; it's all depends on your setup since it won't make any good profit alone without you setting it to the right setup.
And take note: trading with AI is pretty risky I don't know why you ask the accuracy of the AI or the bot if you just use the default setup, you don't know if it will give you a profit or not. Without knowledge of how to use them, you might lose the whole capital.

I suggest read the guide from Binance: https://academy.binance.com/en/articles/your-guide-to-binance-trading-bots

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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 is not a brain that can think for itself, it is a program that can only analyze the information given to it and draw conclusions from it, so from that, what do I think about the accuracy of AI in trading? it depends on the accuracy of the information given to it, if the information is credible, reliable, real time + supported by a good algorithm, then the accuracy of AI should be quite good in trading.

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Quote from: notMeNahh on October 10, 2024, 06:42:23 AM

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 ?

For AI accuracy trading, considering the amount of data that the bot takes is very important but then again most bot trading products usually have statistics you can scroll through and decide if it's worth it or not. Besides those kind of products usually have benefits that follow like this. So it's all up to you

Just checked the link. this really explained some details about GMC130 index. Ermm Bitget is the first to introduce this concept right? Cos I've not seen it on other platforms like Bybit. And what's the difference between this and normal futures trading?.

I think they are actually the first to enable this GMC130 trading index. Also as for the difference between it and futures, the major difference is you'll be a able to trade the top 30 cryptocurrencies in one index and basically more simplicity

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Quote from: Kelward on October 11, 2024, 02:22:26 AM

Quote from: Rruchi man on October 08, 2024, 11:47:02 AM

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

what do you think about AI Accuracy in trading ?

Whenever it comes to trading, I always tell people that I know in trading to focus on becoming independent traders on their own from daily practice and consistency with following up the market rather than planning to start trading depending on AI or bots to make your trading experience easier or better. AI or bots should not be depended on because they can also make errors that can lead to massive losses in trading by a trader whose entire dependence has been laid on it's use. You can still become a very profitable and successful trader from practice.

I totally agree with you that traders should not depend on AI and bot, it's better to learn from experience, improve on your skills and make your own decisions. Trading is hard and newbies can start practicing with demo trading while learning from professional mentors and improve themselves. Learn from your mistakes, don't be greedy and start trading with the amount that you can afford to loose. After practicing and gaining trading knowledge it's good to start trading independently without relying on artificial intelligence.

.but could bots integration make trading easier?? That's for someone who isn't a newbie though .

Quote from: notMeNahh on October 10, 2024, 06:42:23 AM

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 ?

For AI accuracy trading, considering the amount of data that the bot takes is very important but then again most bot trading products usually have statistics you can scroll through and decide if it's worth it or not. Besides those kind of products usually have benefits that follow like this. So it's all up to you

Just checked the link. this really explained some details about GMC130 index. Ermm Bitget is the first to introduce this concept right? Cos I've not seen it on other platforms like Bybit. And what's the difference between this and normal futures trading?.

Richbased

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

what do you think about AI Accuracy in trading ?

The accuracy of an Artificial Intelligence is just a 60/40 chance of gaining in trading because even though using an AI may seem easier like being able to identify market trends that can be favourable to a trader very quickly and also sort out market conditions that may deviate from human understanding unlike when you are doing everything manually but there are times when it may not be efficient enough to give exactly what you want at a particular period of time especially when you involve the use of AI in numerous trades. However, AI shouldn't be used in trading all the time as there is need for you to also apply your own knowledge and techniques to see how you can efficiently make a good trade because depending so much on AI is risky and you may find yourself trusting an AI too much such that it can disappoint you at a time when you least expected.

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AI is just a software that works on the data we give it, it can make predictions based on that data and that means it is no different than us when it comes to talking about the future. I mean, it's not from the future so there's no way of knowing what will happen in the future. You can use AI to trade but you need to know that it is all just a prediction and can be right or wrong.

Personally I think using AI for support is not a bad thing, we can leverage and combine it to make better analysis and predictions. But if we think we can rely on it and use it to replace us completely in trading, it is really a bad idea and only shows that we are lazy. We want to make money, want to be rich but don't want to make an effort and work hard.

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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 can’t say that AI accuracy in trading will be 100% accurate because AI is a human-made system when compared to the volatile market situation in terms of prices across all types of listed and traded coins.
During my time in trading, I have never tried to use AI and during my trading, I have still been able to rely on my own abilities.

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

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 ?

You know, one of the surest ways for me to detect a shit product is when they use words like 'democratize'. It is same category as 'revolutionize' and 'decentralize'.

How exactly has AI democratized futures trading? Did 1 person who wasn't able to trade futures suddenly now can because of AI?

Show us your DYOR. 90% success means nothing without basic underlying numbers. What is averaged annual profit? What is averaged profit per unit traded? That is the only thing that means anything in trading

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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 ?

Those claiming that AI has gained 90% accuracy are usually the ones creating these systems, not the traders themselves. Achieving such accuracy doesn't guarantee that every trader will succeed or that the AI creators will become millionaires overnight. Well, it was your own research (DYOR), but do you really think that’s the reality? The truth is, no technology currently exists that can predict market movements with that kind of precision.

AI and trading bots are designed to be alternatives for traders who are busy, but at the end of the day, these tools still rely on the commands and strategies set by the trader. At the end of the day, it’s up to the trader to make the right decisions before these AI.

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

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 ?

The challenge for you is to do it on your own and since you've done your DYOR, test it out and report back to us and let's see how it went for you. Because with the accuracy of using AI in trades doesn't really sound optimistic at all. It's just a glorified term when every discussion is said that there's an AI involved, they think that it's perfect and don't have some setbacks. People should realize that we've got trading bots even before the name of these AIs became noisier. And if the accuracy of trading with the use of it around that percentage, we're all going to be rich leaving our day jobs and just do full time ai trading.

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

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.

All of these could be confidential as well, so AI would be as good as whoever made it, and this means we are not going to get a great result all that easily. The reality is how we could make some money from personal trading because we are the ones who know ourselves the best and someone else can't know what we want as well as we do. I know it is going to be hard to make this distinction, but we are going to get a tough result if we are not careful.

AI will be getting the data it requires from someone, or even a team or a company, but no matter what, it will be people who give it this data, so if those people are wrong, then AI will be a bad AI trading bot and will not get good results. I have seen some attempts so far, machine learning isn't ready for mistakes and the results weren't good. So, we need to focus on learning about trading in order to start being a good trader in the future, will make it a lot better for all of us if we know how to trade.

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Quote from: Rruchi man on October 08, 2024, 11:47:02 AM

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

what do you think about AI Accuracy in trading ?

Whenever it comes to trading, I always tell people that I know in trading to focus on becoming independent traders on their own from daily practice and consistency with following up the market rather than planning to start trading depending on AI or bots to make your trading experience easier or better. AI or bots should not be depended on because they can also make errors that can lead to massive losses in trading by a trader whose entire dependence has been laid on it's use. You can still become a very profitable and successful trader from practice.

I totally agree with you that traders should not depend on AI and bot, it's better to learn from experience, improve on your skills and make your own decisions. Trading is hard and newbies can start practicing with demo trading while learning from professional mentors and improve themselves. Learn from your mistakes, don't be greedy and start trading with the amount that you can afford to loose. After practicing and gaining trading knowledge it's good to start trading independently without relying on artificial intelligence.

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Quote from: Dr.Bitcoin_Strange on October 10, 2024, 01:00:57 PM

AI and trading bots have not proven to be more profitable than human traders and therefore I don't think that AI is something I should deeply employe for my trading. I only use bot/AI if I want to scalp trade but don't want to do it manually due to not having enough free time to keep watch of the market, then I can just automate the bot to do it for me.

This is valid too. Thanks. Just needed some outside view..but some guys use bots in form of Api trading and they're killing it.. that's different?.

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AI and trading bots have not proven to be more profitable than human traders and therefore I don't think that AI is something I should deeply employe for my trading. I only use bot/AI if I want to scalp trade but don't want to do it manually due to not having enough free time to keep watch of the market, then I can just automate the bot to do it for me.

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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 ?

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

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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 ?

For AI accuracy trading, considering the amount of data that the bot takes is very important but then again most bot trading products usually have statistics you can scroll through and decide if it's worth it or not. Besides those kind of products usually have benefits that follow like this. So it's all up to you

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

what do you think about AI Accuracy in trading ?

Whenever it comes to trading, I always tell people that I know in trading to focus on becoming independent traders on their own from daily practice and consistency with following up the market rather than planning to start trading depending on AI or bots to make your trading experience easier or better. AI or bots should not be depended on because they can also make errors that can lead to massive losses in trading by a trader whose entire dependence has been laid on it's use. You can still become a very profitable and successful trader from practice.

mk4

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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.

Iamcrypticguy

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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 ?

Topic: What's the Accuracy with using AI to trade (Read 865 times)