Topic: Would you use AI trading assisting tools? (Read 289 times)

If you are using an AI for bots purpose such as AI bot trading to make your daily trading easier then it should be okay since you are actually put some parameters into that bot depends on your trading style and stuff, but if you are just using AI to rely to them for their picks because they don't have "emotions" then I think you are doing something wrong. I would prefer to use my own skills instead of relying on AI.

I have confidence in my own trading experience so I’ve decided not to use bots or AI trading. Although they can be effective for some most particularly for those who have high experience in trading but certainly not for beginners or those who are still focus on their self-trading. However, they can be effective but not in a sustainable and reliable means because we know probably how the trading market changes its condition. Because of its highly volatile feature, it’s best to learn and focus on self-trading so that whatever the market condition will be, you will still be capable make your trades favorable and profitable in the end.

Maybe I'll try to trade using the AI mentioned by @OP. But if after trying out the AI, I see similarities to using bots as we know them, I'd still prefer to trade manually.

Using AI is fine if you know how to run AI, bots, or other tools. And before you can master it well, you must practice using the AI or bot properly. For now, the forms of AI that we encounter may still be like bots, where we have to enter commands so that AI or bots can execute them.

But AI itself means artificial intelligence. And that means the AI can trade without any complicated orders that we give and the AI can look for coins that have the opportunity to go up in the short, medium, or long term. But the development of AI has not reached that stage yet.

TBH, I'm one of the many traders out there who end up losing their money in trading.

Now with regards to AI assisting tools, I might give it a try, and if I see that I'm profiting while using it then why not. I mean it lessens your stress, it would be easier for you to trade because there is somebody that will help you. The question is, is there some AI tools out there who can assist those traders, and transform them from unprofitable traders to a profitable one? If there is, maybe you can share it here, so we can benefit from it.

On the other hand, I'm pretty sure there are some that will say here that they don't need AI because they can be profitable in trading without using it. It's fine, and congratulations to you because you are profiting without the use of AI, but there are many including me who can't be. I don't know what's the problem within me, but AI certainly helps me with my trading decisions "IF THERE IS ONE." With AI growing, and evolving at such a rapid pace, I will not be surprised if there will be AI tools out there who can be better than trading bots that we are using right now, and just let them trade for you. I know it might sound impossible, but nobody foreshadowed a few years ago that a thing called "ChatGPT" will be created.

AI is a fancy algorithm. That is it, really. It is not real human intelligence, it just mimics human intelligence. Why would I want to trust something like that with my money? And if it was as profitable as some people imagine, where are all the AI-trading billionaires?

From my own subjective point of view, for the maximum profits, there is no best software to look after your trades, but rather you should be trusting your wetware (Brain) to do that for you.

Sure there might be AI tools which are helpful and maybe even generate a steady small profit over time, but the human brain is something that will beat that AI every time. I do agree that not everyone wants to learn how to trade or spend their time on trading, so those kind of people might be the ones who see such tools as most helpful.

I will use these kinds of tools as long as they will make my life easier but will not eat the opportunity of me learning.
There are some tools these days that will be 100% automated but you don't have any more room to learn especially in trading, I really want to learn trading while using this automation.
Having AI to assist you in trading, will help your decisions and could help reduce risk.

Giving an exact answer as to whether a technology in its use is more effective, only depends on a serious and highly reliable study, if it does not exist it is to fall into conjecture.

How they always mention "a vast majority lose money..." ok a vast majority make profits.

Everyone must use these tools and draw their own conclusions, it is as easy as what you mention, growth or access to crypto trading.

I think it sounds modern to me unless it is not just some random bot that is going to use stop loss with its logic and drain out all the money from my wallet. Hopefully if it is some High tech shit like AI projecting all the possibilities of trade can make me to use it more.

For example, it should be able to project the possibility of bull or bear trend, it’s accurate Timeline, affecting factors and some high edge levels of responses to the on going trading volume.

If it is able to project those trends then that is something AI. I highly doubt we have anything like that.

The time that you don't have to spend looking at charts and making decisions whether to buy or sell is also an advantage, time is a currency that not many care about until it finally runs out on them, if I'm being honest people underestimate the convenience that some stuff provide, I mean if AI can do a good margin while I'm out there partying or going on a hiking still making money from that AI trading tool, I would consider it a good thing and I would support people using it to make their life convenient and have their own passive income.
Of course there are those who still do that but that's no reason to exclude those who want to use AI or even disregard them as something beneath those who trade in a traditional way, kind of pathetic that people still think that AI is a devolution to trading when we all know the capabilities it's got and that it will only continue to improve in the future.

No, I will not, but if there are any AI trading tools that have been texted and proven to do 90% better than humans, then I'd gladly use such AI; otherwise, it will just make one forget about the trading strategy that they are trying to develop. The reason why some traders end up with severe losses in trading is because of how they handle their trading decisions and management of their assets, but although the AI cannot go into a very high-risk trade the way some traders can with their emotions leading them, If it's to decide whether a trade will be successful, even the bot cannot tell.

Artificial intelligence are limited in structures to things they can do and the least thing you will want to use it for is trading. Let's bring in some event that happened in 2021 and 2022, if you want to use any AI, they will have all of the past history manipulated into it's inform of algorithm but what is the probability of them reoccurring again. 2018/19 crash was different from 2021 and 2022 and so does the bull run as well. If new bullrun should come, we it will be different from the previous ones and if we are going to see market corrections as usual, they might not come as the previous ones, so be guided.

I wouldn't use AI for trading, I don't think it will profitable because if it were, the founders will never make it public for the traders to use. They are going to form a large empire of market makers and used AI to drain all the money we have in the market, stress your brain a little and profit will be made and stop this dependency of artificial intelligence.

Maybe yes, but I would rather learn it by myself. I can use AI in different things but for trading I will make sure that there is no 3rd party involve, I would rather learn on yt, to trade read charts etc. AI has some flaws as well, market is volatile and very uncertain. Ai needs to be updated regularly, all in all I will not use it, better to learn different indicators.

Until I see a person who has actually made a profit trading using AI assistance, then I would actually believe that this works. There are many influencers online who are being sponsored by trading companies just to say that their AI will make ordinary traders make money, when in actual fact this is incorrect. Anyways, anyone who wants to try it out should use a simulation before live trading.

AI is in fact way beyond that, if anything AI is used precisely on the problems in which a human would have no idea how to solve on their own, one example of this is how to make a computer recognize a face, how we could do something like that? Faces are different for each person, even twins are not exactly alike and they have some small differences, so how could you code that? You cannot which is why we use AI and we give it millions of faces as data which the AI then uses to create a model of what a face is supposed to be and what is not supposed to be.

The importance of bots or AI in the field of trading has increased tremendously these days. Moreover, businessmen are also benefiting from the use of AI. Continuously people are getting more trust in AI and they are starting to depend on it. Before creating an AI tool, various factors are taken into consideration to make it suitable for trading.

AI tool is created by combining data analysis, security, application of different strategies, risk appetite etc. for AI trading. People sometimes prefer emotion in trading but there is nothing emotional in AI tool. So, after analyzing from various aspects, people have now found a lot of comfort in AI trading.

If something that is actually benefiting happens then I will definitely use it, but for that to happen we first need to see something that will profit us both at the same time, otherwise why would people create an AI tool that would make me money? Imagine a world where you create an AI that makes you millions, would you sell that AI? I wouldn't, I would keep it to all myself and maybe there is one that we didn2t even hear about that makes a lot of money to the owner, how would we know.

This is why it's important to realize that AI tool that makes us all profit is a very difficult thing to see. Like I said, I would totally use it if there was one, but that's not an easy thing to handle and would definitely be a hard job.

If AI is connected to crypto trading these are the trading bots before actually, because AI has been trending recently the trading bot owners thought to use it and released Ai in short they changed the name of rading bot which did not become popular before.

That's why in this opportunity they are taking advantage because they think that many people believe in AI, this is the only observation that I have noticed and seen and I just don't know if others like me in the crypto space also notice it.

It is really indeed an innovation; before, we just used keypad phones for calls and texts, but right now we are using touch screens because it is easier and more efficient. We really need to adopt innovation because we will be left behind. Though you are right, you don't expect that you'll generate more income on it or that you'll get rich and your trades will always be winners; it just makes us more confident in our trades and minimizes losses due to poor decisions.

Well trading signals have been there already, not sure how trading bots would be different from this but you get the idea anyway that it does some part of the job for ya if not replacing you in doing trades..

Not sure about the trading bot you just mentioned in the post, but surely it has its own logics and algorithm and therefore has its own limitation as well. It could help, but I won't rely too much on bots.

Not really just full of what ifs. People think that AI are full of nested if and else. There are still if and else, but usually those are coded for the worst case scenario. It will be a pain in the ass to maintain a software full of if/case statements.

Apart from having to recognize the performance of AI Bots, we also need to know what is needed to make AI Bots work well.
Basic knowledge such as technical analysis, and fundamental analysis is needed.

As well as knowing the various tools used to create powerful command prompts that can be integrated with AI.
Many AI developers for trading make trading easier by optimizing the use of existing tools.

Risk is certainly bound to occur, no one can trade 100% profitably,
AI also has limits and also depends on how it is trained to understand the type and style of trading you use.

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?

True. emotional instability appears to be a key factor leading to traders losing money, in my opinion. Straying from one's trading strategy and lacking patience contribute to this. However, I believe that leveraging AI and tools like aimbot can enhance trading intelligence and performance.

AI is really helping traders because it can easily calculate or analyze the market, which is sure to be integrated into the bot. AI is only for analyzing, and bots are for automation or implementing your strategy, and what I've noticed is that your biases will be more clear if you use AI to analyze them. This is where the price goes, and if that is also confirmed by AI based on the historical data, then for sure there is a high chance that you'll win that trade. But again, we expect too much; data is always data, and markets are unpredictable, so AI would still make mistakes.

As a Quality Assurance and Business Analyst, I would definitely consider using AI trading assisting tools, such as Aimbot. AI bots can help traders to automate tasks, analyze data, and identify trends, which can all lead to improved trading performance. However, it is important to do your research and choose a bot that is reputable and has a good track record. I would also recommend starting with a small amount of money when using an AI bot so that you can learn how it works and make sure that it is a good fit for your trading style.

Using AI trading tools can be helpful, but it's important to be cautious. They might assist, but success still depends on your knowledge and strategy. It's a good idea to research and understand any tool before using it.

The only advantage of an AI to humans is that they don't have emotions. Emotional instability is one of the main reason why a trader lose a lot of money.

I believe that there are still traders who rely their trades to AI but I think it's best only when you want to trade but you don't have time for it. If you're a disciplined person who has patience, you have a huge potential in trading. You need to have a strong mindset in trading to be profitable because your good analysis will be useless without it.

Increased adoption of crypto has given way to more investors and traders trooping into the space to explore the vast opportunities. While crypto trading may be lucrative, only a few section of traders record significant profit consistently, largely because of the ambiguous nature of analysing charts and keeping tabs on cryptocurrencies.

In recent times we’ve seen traders opt for different trading tools and bots to raise their efficiencies and maximise their profits, but are they really effective compared to self-trading? I recently got wind of Aimbot as Bitget announced its listing, seeing it is one of those projects that promises to aid traders achieve improved results I decided to research and learn from the more experienced traders if they’ve researched this project, and their bias on AI trading assisting tools like this one.