Topic: Would you use AI trading assisting tools? - page 2. (Read 351 times)

If that can actually help us on our trades then why not? We should take all the advantage on what things can make our job easy on trading since it can lessen up our streas if we have AI working tool that we can use. But don't expect that it can generate passive profit since there's nothing like this exist yet but if you want to seek information or to automate it maybe AI is perfect tool for that.

Also don't rely to much on trading bots if you want to grab it since you also need to learn and learning many things about trading is rewarding in long run.

AI training can actually help us carry out crypto trading activities. Even more so if it is a paid professional AI trading. This will help us much when we want to trade quite effectively. Provided that we really understand how the performance of the AI trading bot is so that we can optimize its performance properly.

However, AI trading is an assist for us. So, this is a tool for us to trade. That means it's completely 100% dependent on this AI. And to be sure, using AI trading does not mean that we will not have the risk of loss, there is still, and this also does not guarantee 100% that they will always help us take profits.

I would. I would if I already knew how to trade efficiently without being scared of losing all my funds, since I am assuming I already had my fair share of trading experience.
AI has sure advanced and we see different versions or names from different companies launching their AI tech to soothe a need in any computerized or mechanized or even decentralized systems.
Recently too, I have come to learn of some AI crypto coins that have been launched. Some include, Graph GRT, Injective, Render, Oasis, AGIX.
https://zebpay.com/blog/

Although I cannot ascertain the durability or longevity of such coins, it is just to say that I think that AI trading tools will more than do a good job as trading assistant to better my odds of good profits.

Let me direct your attention to Bitget, which is an advanced trading platform like Binance, but it is more focused on offering advanced trading options for those experienced traders who need AI assistance or other Hi-Tech copy trading features as the topic implies.
On the other hand we find Binance to be a more comprehensive suite of services that includes retail users, professional traders and even institutional clients, which is one reason why more traders use it, hopefully with time, we would see more adoption of AI trading assistant tools developed to ease the customers stress of thinking too much.

https://www.thecryptobreakdown.com/

AI somehow can help you while you are learning about the indicators but I think AI is still limited when it comes to analyzing the price trend so better not to depend on AI that much and still learn the process of trading on a common way. There's a lot of pros and cons with AI and if you are talking about the money, its too risky to use AI. Trading tools are important for you to make decisions, if there's an AI that can assist you with this, then its ok but of course you should still be the one to set-up your analysis and have a good strategy.

Yes, in some cases AI is far better than human capability. The ability to calculate and analyze huge amounts of data in just a few minutes is quite impressive. AI can overrun human work in many sectors. But depending on it fully is not the best option. If you want, you can get some help from AI here and there, but doing it on your own will give you more confidence and flexibility in the workflow.

AI is better, AI is taking over humanity, AI is taking away people's jobs. None of this bullshit. We need an environment where we can co-exist with AI. We need to take help from it while also putting out own effort to learn it. Assisting tools sounds good to me. But I will never expect its results to be 100% accurate all the time. Everything has flaws and nothing is perfect. So if something is wrong with the result, better to do it on your own and double-check everything. It is a way of learning, not something to depend on fully.

Never.

See AI is just if and else. So I don't think it can help you with trading. Yeah it can help you avoid noise and filter out news for you but not good enough for dependable trading.

Ai tools or platform will ask you to accept some policy and rules and in those rules you will find a statement saying the responsibility of the funds will not be ours we will be making decisions from past data and patterns. Etc.etc. Point is, they will not assure you 100% wins if they do then they are 100% scammers. I am not just referring to the one you guys trying to promote here.

I am just generally saying. AI tools are driven by data past data. which means they are not sentiment driven like humans but sometime sentiments are important. And we must only use AI tools for analysis purposes. At least that's what i think is the best practice but if you have some useful info on your mind then i am open all ears.

Automatic trading systems are not really new, they are just taking advantage of the current interest that AI has generated and they are riding it as well thinking they can obtain more profits for themselves this way, but the truth is that those tools will not be very effective regardless of the promises of the developers behind them, and you do not need to be incredibly smart to know why, as if that AI was so good then they will not need to sell it and instead they will use it by themselves and make a fortune without anyone ever knowing exactly how they did it.

Please, which AI trading tools have you used before? Which will you recommend? The OP talked about Aimbot and I'm considering it already but I need to know if someone else has used it before.

Of course yes, I will, one of the most examples is using an automated training bot.
Using AI tool trading has an advantage but remember they're just a tool to use in trading, didn't work this tool without your ideas and skills.
The number one advantage could be to execute trades at speeds impossible for humans to match.  They can instantly respond to market conditions and price changes, ensuring that opportunities aren't missed and reducing the impact of delays.

It also operates around the clock or let's say, 24/7, even when the trader is asleep or away.
This is especially beneficial in global markets that operate in different time zones, ensuring that trading opportunities are not missed due to human limitations.

So why not?

In essence are you suggesting that AI tools should be used only to help analyse the market but not to trade with AI bots? I need some clarification about this.

AI trading tools has gained so much demand from the trading market these days most especially for those who aim to create shortcuts in trading like most newbies do. Well, I don’t see wrong in there and it’s actually an individual’s traders choice so if they find it more appealing and profitable on their part, then go trading using those AI tools. However, on my part, I’m not used in using trading bots even AI as I am more confident to trade using my own experience and expertise in trading. At least whenever I made mistakes, I learned how to correct them through my own efforts so I won’t be repeating the same mistakes again, and maybe expect a better trading results after that.

You are talking about Aimbot worth $6? https://coinmarketcap.com/dexscan/ethereum/0xe05d099bfd7f4aa9f2e696f6c3ebe181479961a5/

I couldn't find a thread talking about this project here in the forum but because it has such a high price while it's unknown to the largest crypto forum, I wouldn't trust putting a huge amount to invest in it. I would just say it is all up to you.  The good sign I saw was that the project is open source and of course its AI that could help a newbie to trade well. Who wouldn't want that?

You must be a promoter or some ambassador of Bitget because i recently replied on one of your replies in which you mentioned Bitget and now i checked your profile and amazed to see in almost every post you mentioned the name of Bitget. Ok i get it that you are a promoter of Bitget but you should not promote such products or service in almost every post and in almost every thread/board because it will damage your credibility and the product's too.

Coming back to your query, world is full of different experienced people and i have no experience of AI trading but i did made a topic before on this topic which you can find here. --> Does Decentralization Geeks also Trade using AI?. What results i got from these topics are: not every person prefer to use AI tools because they can be biased too and can be sabotaged too. Which could results in huge loss. Plus it is advice able that you should use AI tools to get some help to analyze the market. Otherwise i will not recommend anybody to use such tools to make money.

If someone like yourself; a quality assurance and business analyst can endorse the use of AI trading like Aimbot then it is definitely something worth looking into. I casually just invested in the token and wasn't going to utilize the platform but I guess now I will.

AI, bots whatever it is you choose to call them follow instructions or a trading plan based on what you the trader follows , and if non of the requirements are met then a trade will not be open which is the plus side...and if this is coded well it might be considered better than trading manually as emotions and fear could get the better of us which could force us to missing out on winning trades, and in this scenario a bot will be a better choice.

So as much as bots have a bad name with trading they have their advantages if they are custom made based on your strategy and not some third party trading style or bought off the shelf.

I favour self trading also and the points that you have dropped here is the reason those who trade with Al do that basically because they don't have chance to monitor the trade or they don't have the emotional courage to trade. Another set of those using bots are those who want to earn from trading and don't want to learn. The emotional majority of a trader is well tasted when on a self trade, the volatility and pumps could make a trader jump in and in same minute jump out whilst the trade should have been in their favour but with Al, this is not the case.

I agree with you, one can not be overly reliant on these tools, it's important to learn self-trading and complement it with these tools. Aimbot I've seen does so well in identifying rugs and honey-pots, and is available 24/7 etc. So bots like this is not just reserved for novices but the experienced traders can do with the benefits i highlighted, plus the fact that investors need do no work but share in profits for just holding the token.

I have seen somewhere that to make your analysis in trading simpler, seek to identify a simple indicator to look out for each time you want to make analysis so that the analysis process before trading does not becoming too difficult or confusing.

Trading tools and bots can improve your efficiency after you have had a very good knowledge of self-trading. But if you do not know enough yet, and just want to depend on bots and tools, bad trading decisions can still be made, losses also can still be made.

Then why use the AI tools when I have learn how to trade myself? If you learn how to trade, you do not need any AI tools. If you do not know how to trade, you can use AI tools to learn how to trade. Example is chatGPT.

For helping in trading, bots are still researched to be better than AI. But if you do know how to trade, you will not rely on any. Everything in trading including the calculations is done by me.

I can even see some bots to help people DCA. Is that how lazy the people of this day are?