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Through its acquisition of Neurensic, Trading Technologies now has an AI platform that identifies complex trading patterns on a massive scale across multiple markets in real time. Combining machine learning technology with high-speed, big data processing power, the company provides clients with an ongoing assessment of compliance risk.
AI for trading uses speech recognition and natural language processing technology to save traders time searching through conversions, financial data and notes. With the company’s platform, financial professionals are using AI to sift through, and access, notes, market insights and trending companies in real-time
Another method of AI trading II has three “engines”: a strategy engine that observes and analyses potential trades; an order engine that creates orders and performs operational actions; and a logical engine that handles active orders and uses machine learning to improve its performance.۱۴:۳۰

what is your Idea on this? Do you agree?
waiting to hear from you

Here from my opinion and past project about AI & Trading.

IMO, a project who offering AI was really bullshit because they can't really show up about AI Technology and almost all the projects ended with failure or maybe scam. Even there still has some project who offering an AI for helping you trading, its doesn't really help at all the worst scenario makes you lose on the trade. And guss whats? they still ask you to pay for their service even you are losing a lot, because of that's my self not really believe in AI.

I don't believe in the idea of AI playing trading tricks for the humans.

First thing and most important:- Managing an AI comes with a cost of big stash of green bill! It's just impossible to dedicate an AI computer just for the purpose of making prediction over trading.

There is no summation here about the fees and maintenance cost that would be required by AI.

If you talking about the Bot Trading, then that would be completely different structure. It's NOT an AI. Bots are foolish in making decisions since they only rely on one fact and that's volume, past and present trends but with poor functionality of course.

It's a vague idea to develop an AI for this purpose. If a computer starts playing the game then what the heck humans would do?  ;D :P

It seems to me that trading using artificial intelligence is not something that can completely replace a person. I am still sure that artificial intelligence in trading at the moment is the same bots that were used for trading earlier, but more advanced.

Now they have grown a little wiser. But not enough to completely replace a human - control is still needed over them. Although the idea itself, I certainly like it, and I think that over time, AI algorithms will become much more perfect.

You are definitely right on this one thats why majority of them do really failed up and being ignored once a new projects do pop out and just offering the same thing.
If those AI's do really work then they wont really be ending up on offering it to public and asking for some sub fees or whatsoever but instead they would just make
use of those and make theirselves profitable in the first place.With simple logic you had then you would really realize on that it isnt really worth for ourselves
to take up some consideration on dealing with these things but for automation purposes then there are lots which are totally free of charge.

I want to see how it works first before giving a comment.

In that trial and actual demo, we can have a thought of which is and which is not to be added as a feature. It's undeniable that we're in a modern-day and with technology, anything can happen.

But to see the real operation of that AI will make us think if it's plausible, good or not.

Okey, let's imagine that AI can understand and analyze the news that's published on website, what kind of impact that news will have on prices, etc. Also let's imagine that it can analyze charts, financial data and many other things (these mathematical things sounds 100% real and imaginable). But AI can't understand that it's AI and human can analyze that it's AI and programmed and it's much easier to human to look at it's behaviours and analyze it's data and then make movements that will be out of logic for AI. The human brain is awesome and unique. You can't integrate dopamine, serotonin, gaba receptors and other hormones that have a huge impact on person's behaviours and emotional intelligence.

By how you describe the AI technology this company has it only compiles all the financial data for the analyst and is not doing the analyst for him, basically for a trader it will only save time for what he is looking for but the AI itself won't be doing the buy and sell decisions in the market this kind of technology has been existing even in the past so I don't think it will give any kind of significant edge for any trader. Besides that if we are talking about an AI that does the buying and selling for the investor won't it just cross out the advantage if everyone is using it? It will just basically remove any kind of edge for any user if they are doing the same trades made by an AI.

Would love to find out more about your AI.

How would an AI tell when a whale will dump on the market?

Automation of trading with the aid of AI will fail it can never be perfect, other tools like Bots, EAs failed because of some underlying factors which is incomprehensible to these tools.
 Fundamental news will always have significant impact on prices, how does AI capture and programmed it to make profits? absolutely it going to fail in the long run, trading requires human input in most cases, that is why manual trading tends to have an edge over other trading systems.

I think AI can not do that in this era because AI is a new technology that is still developed unless we have a modern technology about AI like what we see in the IRobot. It still needs more time to see the AI will be like that, but I don't think that the AI can predict when the whale will pump and dump the market. The bot can gather the news, but the robot can not execute the command without giving input to the robot. I doubt that that technology can predict accurately.

Not bullshit, it's just hard to attain this kind of objective. This idea seems not realistic on the current resources of anyone on crypto world but soon it will be successfully invented since most of the trading tool are coded already and can be implemented to an AI. I remember that I invested to an AI project that determines the price spread on different exchange, then you can arbitrage trade using there bot.

Sadly they decided to abandon the project because the maintenance and resources cost is too much for them to continue. But in general, This AI application on trading is a very good idea. It can save a lot of money from newbie trader.

It's already here in traditional finance, why not in the crypto market?

Banks, traders, and institutional investors use artificial intelligence and High Trading frequency. (I remember a story in which the trader had stolen the algorithm from his job, and they had specified that its value was several million dollars).
JPMorgan has its own robot forex AI since 2017 as an example and in the near future, AI in forex will dominate the market.

AI+ML+Big data is now the race and will be the standard

This is something that we will see happening in crypto as well, so don't get lured about it. For us small users who don't have access to such resources, it will be impossible to fight against it, they will be the ones who will get rich from trading. It will also be the open door to anti-competitive practices and many other problems/ethics

Trading combined with AI technology is indeed a good project and is an advancement in trading science. However, some of the new platforms that carry AI technology in trading are still not successful. There are several bugs that need to be fixed to improve this AI technology. AI in trading also cannot replace the more rational human mind. Ai technology is only a helper for trading by seeing various kinds of trending on the internet and the data will be processed by AI. AI trading is a technology that we cannot refuse, however this technology will develop and become an option for us as traders, whether to use it or not.

When you are talking about the AI world, it is super simple to just make it look like you are talking about something that is very very complex and high tech while also doing something super simple and done for years now.

For example, it talks about having "three engines", one of which sees an opportunity to trade, other one trades it, and another that just takes care of the outstanding orders, literally any trade bot on here that you can find, even free ones could do all three without sounding so fancy about it.

Or "machine learning" talks which is basically just collecting data from historical index and tell you what could happen according to what happened, which is not as simple as the previous one but still quite common in many crypto trading bots as well. Long story short, this is not really as big of a news as they try to make it sound like.

I think bots are not easily going to replace human beings in trading. You don't expect this to happen because there is an aspect of trading for humans that it can't do and that is our emotion  ;D It is our emotion that makes us to still go back to check the bots after we have given orders lol

Nothing beats out the creator itself so its just normal that us humans are still superior or still on top. AI/bot might be precise on calculating and performing out task in automation
but there are indeed things that bot cant do like having that sudden change of mind kind of action or some intuition something like that.Its just people do really have that
wrong perception towards bot on where they do believe that these things can generate money for them without doing too much work.Yes, it can automate work
but it cant guarantee that someone will able to make money on sure manner.People should really remove that kind of mindset because it can really just mess out their entire
trading activity and when reality do slapped up their faces.

There are still a few legit AI which are bought by larger firms. Everyone wants a profitable bot without sharing to anyone right? I mean, many AIs and bots out there and there is no standard for us to make a right judgement whether it is good or bad, and we dont want to lose our money testing a junk. Unless you have money to buy a AI developed team or learn enough to build your own bots, there is nothing ensure you that a bot will work

In my opinion, I do believe that profitable bots and AIs exist. People are weak. They easily lose their consistency and become greedy over time. Machines are better in this field. They are more discipline and precise. Analysis are made by machines having more insights than human beings. Therefore, I believe companies and firms are one step ahead. They have already owned intelligent, complex bots and earn profit daily without any difficulty.

It is known that AI has been trading the markets for decades, so this is nothing new however unless we are talking about a massive money management company I will be sceptical about those claims, after all that to me seems like the most complex way to try to make money in the markets when you could easily create a bot that uses the same strategy that you use, technically that will be an AI as well the difference will strive in that you are only coding in it a fixed way to trade.

While a more advanced AI will learn to trade by itself and it will adjust its own system as it gets more data but that level of complexity is not needed if you are just a small trader or investor.

Some main points about pros and cons of AI.

Pros

• AI is much power than human. It works 24/7 and never tired.
• It makes more sense for crypto market because crypto exchanges are opened for tradings 24/7
• It automatically imports, analyses real-time data and trade for you.
• Its eliminate serious impacts from unstable emotions.

Cons

• Who builds AI? Human obviously and coder therefore is responsible for the quality of AI (scripts).
• If algorithms (from methodology, formulas, etc.) are used to build up scripts are bad, incorrect, it will be useless in real tradings. Use it, you will get losses, always.
• Quality of internet connections or of VPN services for your bot operations are important too.
• Periodic re-setup your bots are important too (based on analysis and relevant adjustments, not from your emotions). Kills occur when parameters are not updated for market changes.

Said it simply "Garbage in, garbage out". It is why most of bots are failed (by themselves or by users) ;)

Humans are not ready to replace by the AI. Besides that, the robot needs to developer more before it can be used to help people in all business.
Maybe that will happen in the next 5 years or 10 years, but if the technology can grow fast than today, then I think we will see many robots in our daily lives.
But I don't know if the AI now can be used for trading because to find the sign to enter the market will not be easy. The market itself will not tell people when it will go up or down.
But if you still insist on trying the AI, you can try by yourself, and I think you can give your reviews later about using the AI for some time.
Maybe from the review, that can attract many people to test the AI, and if they think that the AI really helps them to trade, they will still use the AI.

I agree with you that we cannot find  any legal good operation on this, but the logic seems to be real. we can analyze all the data from social media and different markets, analyzing volumes, analyzing order books on different markets, analyzing different oscillators for the chart, analyzing trend news, etc.

 

hi so98nn
no it's not all about volume, you can analyze everything on technical analysis such as moving averages, indicators, and ....
you can also try to build some behavior on different moments like entering with different delay on a single strategy. this is what we can find the best result with bots and AI, your AI can try different delay on different moments and find the result
with mathematical and AI you can do whatever a normal person can do, AI can be smart as a monkey or Einstein. it depends on the creator and logic behind it.
looking forward to hear more from you. 

hi boyptc
a new project is coming soon with a real result for finding the best strategies on different charts. keep in touch if you are interested. soon you will hear about it.
tell me if you are interested.

Hi shield132
thanks for your response. I think all the hormones that you said are also making us unstable on the decisions and making mistakes by different emotions. the logic and the real number and giving the result with no emotion is the final answer. you can be better on trades and improving the result by being less human. what do you think?

Hi Hyper88
you can analyze some data and private order books
by being the only human how can you find it?

hi grabbie2010
by analyzing the topics, articles, comments, and ... like humans. deep learning is a way of improving by giving bigger examples. actually, emotions can have no effect on AI which we cannot see in humans and it is the source of many problems.

Hi my friend
emotions is the exact thing that makes you fail. if you run a good strategy with the prediction of safety orders and stop loss, and some written behaviors for take action on different occasions you will be happier. believe me

hi Harlot
Different humans have different emotions and different strategies for making money and increasing their financial asset. so you can also use different AI with different way of behavior and it's not the same.

so, do you agree?

Hi AakZaki
Thank you for your response. this was interesting

Trading bots with AI will not be able to beat humans, because whatever creates AI technology is humans. So logically it is impossible for
AI technology to have results that exceed humans, so trading using bots with AI technology must still be controlled. Because trading bots
with AI must be reset every time there is a change in trend in the market. So we can't let AI technology run without surveillance, the fact is
trading using AI is not fully automatic.

Hi
I accept your pros but wanna talk more about your cons
1. who builds .....? it's a good thing that you can finalize your test and upgrade your scripts to have a better AI.
2. so that's why you cannot rely on every bot or AI. it's like the human brains, they are different and you can find a weak and intelligent one
3. you can run your AI as a script on a reliable data center on a server and you won't worry about the connections, etc.
 

It is really that simple, some traders think that if they could get their hands on an AI all their problems will be solved and this is not true, an AI can either be hard coded with a strategy or it could be feed data so it can create its own strategy and in any case everything will depend on the quality of the data or strategy given to the AI.

I see many people trying to code their own bot when they do not even know if their own strategy is a winning one, how can anyone code a winning AI if you do not know how to do that on your own? It is simply impossible and yet many people keep falling into this trap.

It will just make simple trading be complex for why we would need such AI technology that might come into a failure when we can do trading on our own. Although AI is based or being copied from a human based thinking, still there are fields that humans are most likely better than new inventions just like AI technology. Yes, AI is interesting to be combined on doing trading for it will provide fast analysation of the market coming from news and combining datas to come up into a strategic pattern for trading but still such can be done by humans through analytic and logical way of thinking. Such idea of AI with trading is like having bots which can also come into failure. Trading will be much simpler and easier dealing using human capacity and not relying into any bots or AI technology. You just need to be knowledgeable enough to understand on how trading works and how will you deal with the market to make yourself profitable using trading.