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Economy => Trading Discussion => Topic started by: nites on July 14, 2022, 07:08:01 PM



Title: AI prediction/forecasting for Bitcoin and crypto trends
Post by: nites on July 14, 2022, 07:08:01 PM
Hi,

I reserach and extensively use AI and machine learning for trends prediction in bitcoin and other crypto's as well.
The model is built using cutting edge algorithms and it is capable of predicting 5 days ahead with more than 90% accuracy.
On top of prediction, almost all trading strategies and risk managment would be improved significantly.

Would you in the sea of dishonest vendors selling renamed RSI, be interested in buying real AI predictions?
Here's photo of testing chart for the last few months:

https://i.imgur.com/2akM2em.png

EDIT:
One more photo where model is trained for daytrading, predicting next day in advance:

https://i.imgur.com/JECNLfO.png



Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: palle11 on July 14, 2022, 10:05:53 PM
The chart on Imgur only looked like RSI or MA and therefore it won't be easy to trace to a particular thing you are trying to explain, no arrow or other indicators to direct to your focus. Well I clicked because it is Imgur but you can as well put out the chart here instead of people clicking on the link because there is no proper information there.

Edited: Oh you right on your rank for now.  ;D


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: nites on July 14, 2022, 10:29:27 PM
Hi palle11,

I've tried to append images to the post, using correct bb code, but it doesn't work. Seems there is some restriction for new accounts.

Let me clarify. This is not an indicator, like moving average, RSI or any other lagging indicator.
What you see on chart is 'prediction' for last 100 days.
Model was trained, and last 100 days were used as test for verification of performance - orange line is prediction and blue one is actual price.

It is predictive model that outputs forecast for x amount of days into the future, it doesn't smooth and recalculate price like moving average, etc.


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: Bitcoin_Arena on July 14, 2022, 11:15:18 PM
Interesting.

You know what would be more believable?

A sneak peek of the forecast for the Bitcoin trends in the coming days, and then we wait and watch how the market performs maybe fore the next hours or days.

Right now, it's hard for one to believe this. You know hoe easy it is to draw lines based on the current trend.

Well I clicked because it is Imgur but you can as well put out the chart here instead or people clicking on the link.
He has a newbie rank. He can't post images until her ranks up

I've tried to append images to the post, using correct bb code, but it doesn't work. Seems there is some restriction for new accounts.
True


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: nites on July 14, 2022, 11:41:54 PM
Quote
A sneak peek of the forecast for the Bitcoin trends in the coming days, and then we wait and watch how the market performs maybe fore the next hours or days.
Currently I'm running training to obtain prediction for the next 5 days. It takes a lot of resources and it will be finished in approx. 1 hour.
Will post predictions here after it is done. Currently, there is next day prediction and 5 days ahead.

To get predictions for hours or minutes, it takes 50x amount of time as there is more data for training and processing. I will have to update my GPU to multiple TITAN RTX GPUs to do that.

Quote
Right now, it's hard for one to believe this. You know hoe easy it is to draw lines based on the current trend.
Perfectly understandable. One of the reasons I started thread.
It just baffles me that people are renaming and reselling free indicators for thousands of dollars, not to mention selling phony signals created using strategy from 1st Google page.


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: sheenshane on July 14, 2022, 11:59:36 PM
It catches my attention and wanted to know how accurate your AI is for prediction.

We know the price was still predictable or what cause the trend.  So I'd like you to create a separate thread and give a regular update and we will see the result if it's consistent at 90% accurate result.

Possible I will believe if you will have show more proof on it.


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: nites on July 15, 2022, 12:36:33 AM
Finally done,

here's the forecast for the next 4 days.

19937.01
19381.303
20040.582
20372.076

So basically, price will drop today(depending in what time zone you are), and recover a little bit in the last two days of prediction.
Weekend is coming, so there will not be much volatility, next good forecast will be done on Sunday for the following week.


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: Bitcoin_Arena on July 15, 2022, 10:37:34 PM
It just baffles me that people are renaming and reselling free indicators for thousands of dollars, not to mention selling phony signals created using strategy from 1st Google page.
True, telegram is like a den for all sorts of trading signal scammers. I am glad I took the hard route and learnt how to trade for myself.
I just get curious sometimes to see if there are any trading strategies out there that are actually so good... perhaps with at least 70% win rate.

Finally done,

here's the forecast for the next 4 days.

19937.01
19381.303
20040.582
20372.076

So basically, price will drop today and tommorrow(depending in what time zone you are), and recover a little bit in the last two days of prediction.
Weekend is coming, so there will not be much volatility, next good forecast will be done on Sunday for the following week.
Thanks,

So the prices above. Are they like the average trading price for BTC per day or there's a specific time the Bitcoin trading price is expected to be approximately close to the stated price?

For example today, starting from the time you posted, Bitcoin price has been roaming between $20,380(lowest so far) and$ 21,200 (highest so far)


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: Tytanowy Janusz on July 17, 2022, 11:34:09 AM
The model is built using cutting edge algorithms and it is capable of predicting 5 days ahead with more than 90% accuracy.

With such accuracy you dont need to sell your product to become very rich very fast. In fact selling this product seams irractional and raises suspicions. I coded HFT market maker by myself that was giving me decent profits. last think i would do was selling it.

here's the forecast for the next 4 days.

19937.01
19381.303
20040.582
20372.076


I doubt that this is the 10% of failed predictions because it failed hard. Market, so far, went in oposit direction.


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: Husires on July 17, 2022, 12:01:25 PM
If you succeed in developing such a tool, you will be rich in a short time. All you have to do is take a loan and then buy and sell, and since you will know the best time to buy and sell during the next four days, day trading for you will be very profitable.

  • As for trying to sell such a service, you will find it difficult to do so in the forum.
  • Post constant price updates prediction and gain trust, and then you may raise money.




Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: CryptoHeadlineNews on July 17, 2022, 05:15:44 PM
If you succeed in developing such a tool, you will be rich in a short time. All you have to do is take a loan and then buy and sell, and since you will know the best time to buy and sell during the next four days, day trading for you will be very profitable.

That will actually be a brilliant idea. Taking a loan, buy and sell to make lots of profits before the loan pay back day.
But If actually this A.I has a success percentage rate of 40% to 60% then I will love to ask, please where have you been since last month from 10th to 16th June 2022 when the price of Bitcoin starting falling from $30k to $20k, because I think if this A.I tool was close to being accurate, that would have been the best time for you to have shot your shut, because am sure by now people from all around the world would have been looking for you for your A.I tool, but however, a prediction sometimes may not be accurate and that's why it's call prediction, but moreover I wish you the best as you work more on your project and come to give us update anytime soon


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: hyudien on July 17, 2022, 09:38:58 PM
Finally done,

here's the forecast for the next 4 days.

19937.01
19381.303
20040.582
20372.076
If you refer to the date you posted and now it's been 3 days after that, what I see is all prices have been breached and you can say yes it worked. But have you made a profit or tried to predict it again?

I admit the sophistication of AI makes it easier for us to do things beyond the reach of market algorithm movements. AI can source resources in a short period of time and the results can be compared and then come up with an almost correct price prediction. But believe me, a natural market can change predictions that may not be on target.


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: nites on July 18, 2022, 08:05:34 AM
Thanks everyone for questions and replies, if I miss to answer something, let me know.

I've made a mistake with predictions I posted. I've found there is some error in the code and function for future prediction is not working properly.
Basically what happened, model predicted the test data, not the future, so technically it was not a prediction.
Currently, I'm able just to post next day forecast, until I fix for the multi days function.

Take a look, predictions I posted and real price for the 4 predicted days; 100% correlation.

19937.01                              
19381.30
20040.58
20372.07

19970.56
19323.91
20212.07
20569.92


Quote
So the prices above. Are they like the average trading price for BTC per day or there's a specific time the Bitcoin trading price is expected to be approximately close to the stated price?

After training and predictions are made, it is converted back to prices for easier reading and interpretation. By no means it is predicting exact price, it will sometimes be very close, sometimes not.
What we are interested as traders is 'trend', hence I'm looking if the price will up or down.

Quote
With such accuracy you dont need to sell your product to become very rich very fast. In fact selling this product seams irractional and raises suspicions. I coded HFT market maker by myself that was giving me decent profits. last think i would do was selling it.

Well, yes and no. To become rich with trading you need capital, either your personal or seeded one from investors. I'm trading my own money right now, as I have no guts to trade other people money.
Frankly, I would never sell the system; code and logic behind it, but information in sort of forecasts - why not?

Quote
If you succeed in developing such a tool, you will be rich in a short time. All you have to do is take a loan and then buy and sell, and since you will know the best time to buy and sell during the next four days, day trading for you will be very profitable.

That sounds very simple, but is far away from reality. Even if the forecasts are good, there is yet to build trading strategy and risk management framework for very profitable trading.
What do you mean by loan, raising money from investors or taking the loan from the banks?

Quote
As for trying to sell such a service, you will find it difficult to do so in the forum.
Post constant price updates prediction and gain trust, and then you may raise money.

I'm not selling anything, yet. I started thread to see opinions and sentiment on the topic - if there is good interest and I manage to provide good forecasts, then it is mutual benefit.
Yes, I'll post regular forecasts, when I finish fixing sequence prediction = more than one day into the future.

Quote
That will actually be a brilliant idea. Taking a loan, buy and sell to make lots of profits before the loan pay back day.
But If actually this A.I has a success percentage rate of 40% to 60% then I will love to ask, please where have you been since last month from 10th to 16th June 2022 when the price of Bitcoin starting falling from $30k to $20k, because I think if this A.I tool was close to being accurate, that would have been the best time for you to have shot your shut, because am sure by now people from all around the world would have been looking for you for your A.I tool, but however, a prediction sometimes may not be accurate and that's why it's call prediction, but moreover I wish you the best as you work more on your project and come to give us update anytime soon

Loan from the crooked banks is a big no. Raising money from investors, maybe.
Well, sadly I was developing the system at the time of the fall. Would also like to test the performance in that period.




Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: Danydee72 on July 18, 2022, 09:25:52 AM
For me this sounds to be an interesting project. But I have one problem with the numbers. Before I can rely on numbers or formulas, I need to have exact values and know what they stand for. No cleaning, rounding or whatever people do to make them "easier" for reading. So my question still remains: These bitcoin-rates you mention, are this averages or just the values taken at a certain time? Or do they stand for a trend?
For me a correlation cannot be made without a little bit more information about these numbers. One may follow the principle: "Don't trust any statistics you haven't falsified yourself".



Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: nites on July 18, 2022, 09:43:38 AM
Quote
For me this sounds to be an interesting project. But I have one problem with the numbers. Before I can rely on numbers or formulas, I need to have exact values and know what they stand for. No cleaning, rounding or whatever people do to make them "easier" for reading. So my question still remains: These bitcoin-rates you mention, are this averages or just the values taken at a certain time? Or do they stand for a trend?
For me a correlation cannot be made without a little bit more information about these numbers. One may follow the principle: "Don't trust any statistics you haven't falsified yourself".

Hi, thanks for the interest. Yes, when the predictions are done, they are converted back to prices. They may be close to actual values, but they stand as the trend.
So for the 100% correlation, I meant trend, or directional accuracy prediction, not exact price values.

Like that quote.


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: Husires on July 18, 2022, 09:56:05 AM

Hi, thanks for the interest. Yes, when the predictions are done, they are converted back to prices. They may be close to actual values, but they stand as the trend.
So for the 100% correlation, I meant trend, or directional accuracy prediction, not exact price values.

Like that quote.

I am interested in artificial intelligence/image processing, can you post more information about how you work? Where do you get the data and how is the comparison made? Are you comparing prices? blueprints? Pictures, graphs, or in short how to get the results.
Do you intend to create a site that displays forecast data (provided that the data is not modified after its time "Hashing") and then, after two or three months, we can compare the extent of the error.


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: nites on July 18, 2022, 10:07:05 AM
Quote
I am interested in artificial intelligence/image processing, can you post more information about how you work? Where do you get the data and how is the comparison made? Are you comparing prices? blueprints? Pictures, graphs, or in short how to get the results. Do you intend to create a site that displays forecast data (provided that the data is not modified after its time "Hashing") and then, after two or three months, we can compare the extent of the error.

I get standard OHLCV data from brokers or data vendors. In most cases it's free and clean.
I can't tell you much details, but image processing and in particular speech recognition problems are quite similar to financial markets.
If you are going to try to develop AI system for markets, take a look at speech recogntion algorithms, I'm quite sure that's the way to follow.

Not sure about creating site, but will post forecasts here, so we can evaluate performance.


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: crwth on July 18, 2022, 10:19:41 AM
Upon checking your post, it seems like there's no prediction there. I'm expecting something like this for your results or something.

https://i.imgur.com/3crPDlR.png

See the yellow line? I drew that as somewhat a prediction of the price or something. If you can show that and it works, that's definitely something. I know an indicator that does that too, the Ichimoku[1] (https://www.investopedia.com/terms/i/ichimoku-cloud.asp)

It looks like this

https://i.imgur.com/W13dBha.png

It predicts the future or something like that. Maybe you could do that as well or something?



Reference:
[1] - https://www.investopedia.com/terms/i/ichimoku-cloud.asp


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: nites on July 18, 2022, 03:19:30 PM
Yes, that is just point of visualisation. Currently I can only do it for 1 day in advance until I fix recursive function for forecasting multiple days into the future.

For example, one day prediction for today:

https://i.imgur.com/NM8wEEL.png


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: nites on July 18, 2022, 05:41:03 PM
Okay let's test next day forecast for some time, I'll post daily predictions for the next day and make table to track the results. Will post in form of screenshot, so it is not editable after the fact.
Results will probably be worse than multi day prediction, but let's test it in real time.

Prediction for tomorrow 19.07.2022 is upwards.


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: Ucy on July 19, 2022, 02:20:45 PM
I will be shocked if the most sophisticated AI in the world can give you up to 20% accuracy. The only way it could succeed is if it's stealing from the one who controls the market.


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: nites on July 19, 2022, 02:29:29 PM
I will be shocked if the most sophisticated AI in the world can give you up to 20% accuracy. The only way it could succeed is if it's stealing from the one who controls the market.


Thats quite an interesting view you got there.
If you take a coin and flip it everytime and enter a trade, you should get ~50% correct trades, so where did you found 20%?
Could you elaborate why even most sophisticated AI would be performing worse than technical analysis or coin flip?


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: nites on July 20, 2022, 12:58:10 AM
Forecast for 20.07.2022 is downwards.


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: tbterryboy on July 20, 2022, 10:23:05 AM
If you succeed in developing such a tool, you will be rich in a short time. All you have to do is take a loan and then buy and sell, and since you will know the best time to buy and sell during the next four days, day trading for you will be very profitable.
That will actually be a brilliant idea. Taking a loan, buy and sell to make lots of profits before the loan pay back day.
But If actually this A.I has a success percentage rate of 40% to 60% then I will love to ask, please where have you been since last month from 10th to 16th June 2022 when the price of Bitcoin starting falling from $30k to $20k, because I think if this A.I tool was close to being accurate, that would have been the best time for you to have shot your shut, because am sure by now people from all around the world would have been looking for you for your A.I tool, but however, a prediction sometimes may not be accurate and that's why it's call prediction, but moreover I wish you the best as you work more on your project and come to give us update anytime soon
That is if this was true but if this was true, I don't think the op will release it in public. It's clearly said that his A.I has a 90 percent success rate, not 40 and 60 percent. Also the OP's account was registered on 14th this current month so he haven't discovered this forum yet on the dates you mentioned and maybe this invention of him is still in its development mode that time but now that it is ready, you can try it if you want to. Even the price have dip already on this current price we are at now, it's still not too late yet because the price still actively moves. You can always make a profit out of this small fluctuation we are feeling right now.


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: nites on July 21, 2022, 12:55:23 AM
Prediction for 21.07.2022 is downwards again.



Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: justdimin on July 21, 2022, 01:39:53 PM
On top of prediction, almost all trading strategies and risk managment would be improved significantly.

Would you in the sea of dishonest vendors selling renamed RSI, be interested in buying real AI predictions?
What would be the guarantee that your predictions also cannot be those renamed RSI based strategies? Because, when someone arrives here, will blame all the previous ones like they are the holy person who comes here to bring all new changes but nothing changed on the profit levels so far with almost all the traders here for over the decade of time.

Honestly, I am interested on buying a trading bot or prediction or a trading strategy which will get me some 10% profits consistently but only after a year long testing. I mean even I am interested on your promotion, I will not rush to deal with you. I will take time for following you and for evaluating your strategies/bots which last for months. In the span of such evaluating time, most fake ones will disappear. This may be the reason why I am still into searching of such a profitable bot and not making profits with my sleeping bitcoins ;).


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: nites on July 22, 2022, 12:41:31 AM
On top of prediction, almost all trading strategies and risk managment would be improved significantly.

Would you in the sea of dishonest vendors selling renamed RSI, be interested in buying real AI predictions?
What would be the guarantee that your predictions also cannot be those renamed RSI based strategies? Because, when someone arrives here, will blame all the previous ones like they are the holy person who comes here to bring all new changes but nothing changed on the profit levels so far with almost all the traders here for over the decade of time.

Honestly, I am interested on buying a trading bot or prediction or a trading strategy which will get me some 10% profits consistently but only after a year long testing. I mean even I am interested on your promotion, I will not rush to deal with you. I will take time for following you and for evaluating your strategies/bots which last for months. In the span of such evaluating time, most fake ones will disappear. This may be the reason why I am still into searching of such a profitable bot and not making profits with my sleeping bitcoins ;).

Well, I understand your suspicious point of view, it is rightly justified. What I am doing right now is forecasting, as you probably saw, predicting next day in advance. Someone using RSI or whatever technical analysis can't do it, simply because these tools are lagging, they tell you something after the fact. If you followed forecasts for the last try days I posted, you could make 10% by simple trading in the direction of prediction, but how you trade and manage the risk is out of scope of forecasts I provide. You are welcome to follow forecasts, it started good with 3 out of 3 days direction predicted, but we will see what real accuracy is after some statistically significant number of days/forecast e.g. 30, 50 and 100 days.







Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: nites on July 22, 2022, 01:02:03 AM
Prediction for 22.07.2022 is downwards.


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: tygeade on July 22, 2022, 05:56:23 PM
Okay let's test next day forecast for some time, I'll post daily predictions for the next day and make table to track the results. Will post in form of screenshot, so it is not editable after the fact.
Results will probably be worse than multi day prediction, but let's test it in real time.
If forecasting was really a way of making money in the crypto space, then we could also say that the crypto space has been converted into a gambling ground where anyone can just come in, make predictions, win a certain amount of money and leave the market.

But, whatever happens at the end of the day, I am not against you posting results tested in real time but believe me, a natural market can change predictions that may not be on target. I had multiple experiences with lots of analysts but no one stayed accurate for long period of times; not sure how one analyst needs to update themselves according to market conditions.


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: stompix on July 22, 2022, 06:19:25 PM
I will be shocked if the most sophisticated AI in the world can give you up to 20% accuracy. The only way it could succeed is if it's stealing from the one who controls the market.

You don't need anything sophisticated. Just this:
https://talkimg.com/images/2023/05/20/blob0536621397ceb097.jpeg
put in hamster in and you're going to beat S&P earnings (https://www.bbc.com/news/technology-58707641). Proven!
Also, R.I.P. Mr Goxx, the cutest trader in the world.

Hi,

I reserach and extensively use AI and machine learning for trends prediction in bitcoin and other crypto's as well.
The model is built using cutting edge algorithms and it is capable of predicting 5 days ahead with more than 90% accuracy.

Yeah right, and why are you selling these magic golden goos rather than taking advantage of it and making yourself rich without a care in the world?
5 days ahead and 90% accuracy, common, if you would have said something at least dreamable you would have found yourself a sucker by now, throw in some genome mapping and supersymmetric theories to make it really unbelievable.  ;)

If forecasting was really a way of making money in the crypto space, then we could also say that the crypto space has been converted into a gambling ground where anyone can just come in, make predictions, win a certain amount of money and leave the market.

If forecasting was real and with that accuracy, it will not resemble gambling at all, it will be like getting paid two-to-one odds for bets that are 1:1.1, minimizing the risks with a guaranteed 9 in 10 wins, which is not at all gambling, it's like shooting fish in a barrel and using and RPG for it.  ;)
Crypto itself is already gambling, and probably worse than that, at least in sports you're only concerned about the adversary, there is no chance a war might reduce your funds by 75%, some twitter guy posting will make all your players miss, and it's not like a basketball match played one thousand miles away will affect the result in your boxing match.




Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: nites on July 22, 2022, 07:36:38 PM
Quote
If forecasting was really a way of making money in the crypto space, then we could also say that the crypto space has been converted into a gambling ground where anyone can just come in, make predictions, win a certain amount of money and leave the market.

But, whatever happens at the end of the day, I am not against you posting results tested in real time but believe me, a natural market can change predictions that may not be on target. I had multiple experiences with lots of analysts but no one stayed accurate for long period of times; not sure how one analyst needs to update themselves according to market conditions.

Forecasting is a way to take gambling away from the markets. Yes, everyone can make predictions, but everyone will lose money and leave the market if they dont have tools or knowledge to forecast the market with decent accuracy.

Well, analysts are flawed beforehand, they have emotions, greed, they need to pay rent, eat, sleep, etc. That's why I built smart machine to do that. Of course market can change, hence my software is adaptive.

Quote
Yeah right, and why are you selling these magic golden goos rather than taking advantage of it and making yourself rich without a care in the world?
5 days ahead and 90% accuracy, common, if you would have said something at least dreamable you would have found yourself a sucker by now, throw in some genome mapping and supersymmetric theories to make it really unbelievable.  Wink

I'm not sure if you are familiar, but if you sell something you get money, and if you sell it a lot of times, you get rich. Crazy, huh?

Maybe it is dreamable for you to trade profitably and make a good predictions, for me it's reality. I predicted last 5 days closing candles in advance, what have you done in that time, except making 'trying to be funny' hamster trader posts.

Edit: well, look at that, today is also going to close as predicted, must be supersymmetry.


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: stompix on July 22, 2022, 07:58:50 PM
I'm not sure if you are familiar, but if you sell something you get money, and if you sell it a lot of times, you get rich. Crazy, huh?

Yeah just how some authors make millions selling lottery earning schemes or how some Kiyosaki made millions selling books giving financial advice when in reality he himself went bankrupt twice. Do you know what people call those?

I predicted last 5 days closing candles in advance, what have you done in that time, except making 'trying to be funny' hamster trader posts.

First, don't talk bad about Mr. Goxx, that hamster had a proven record, documented, and he has made real money with real transactions.
You said you were being able to predict 5 days in advance, your first prediction was not only off but you came also with fake numbers for the assuming real price..

Take a look, predictions I posted and real price for the 4 predicted days; 100% correlation.

19937.01                              
19381.30
20040.58
20372.07

19970.56
19323.91
20212.07
20569.92

This is the data for the days of 16-19

Quote
Jul 19, 2022   $22,467.85   $23,666.96   $21,683.41   $23,389.43   
Jul 18, 2022   $20,781.91   $22,633.03   $20,781.91   $22,485.69   
Jul 17, 2022   $21,195.04   $21,600.64   $20,778.18   $20,779.34   
Jul 16, 2022   $20,834.10   $21,514.40   $20,518.90   $21,190.32

What you claim to have happened never happened.

So since neither the opening, closing lowest, nor highest was anywhere near what you predicted.
You predicted the first day wrong, you went for lower the next one and it got up, and you missed the growth between day 2 and day 4 by a full 100%, going for 1000$ when it went up 2600$. So, it's in the range of hamster accuracy.


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: nites on July 22, 2022, 08:03:07 PM
Can you read properly?

This is what I wrote:
Quote
I've made a mistake with predictions I posted. I've found there is some error in the code and function for future prediction is not working properly.
Basically what happened, model predicted the test data, not the future, so technically it was not a prediction.
Currently, I'm able just to post next day forecast, until I fix for the multi days function.

It was prediction in the test, not the future dates you said. I stated that in few posts. Why are u taking it out of context?

Quote
Prediction for 22.07.2022 is downwards.


I meant on these daily predictions I post everyday.

If you are going to take everything out of context and just lie, I would like you to leave the thread.



Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: stompix on July 22, 2022, 08:15:51 PM
Can you read properly?

Yes, I do!

This is what I wrote:
Quote
I've made a mistake with predictions I posted. I've found there is some error in the code and function for future prediction is not working properly.
Basically what happened, model predicted the test data, not the future, so technically it was not a prediction.
Currently, I'm able just to post next day forecast, until I fix for the multi days function.

Again how do you call guys that claim they have a tested system with 90% accuracy that flops from the first try?

Why are u taking it out of context?

Can't you read properly?
I already told you my problem is not with your failed prediction as I already knew those numbers will not be achievable ever, but with the fact that you quoted a correlation with the real numbers on the market which were definitely fake!
You can go back to your post where you claim that

Quote
Take a look, predictions I posted and real price for the 4 predicted days; 100% correlation.
and tell me where you got the "real prices" of 19970.56 and 19970.56 since it never went below 20k since mid-14th.



Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: nites on July 22, 2022, 08:44:59 PM
Let me break it down for you, as I'm not yet sure if your brain is not capable of understanding simple things or you are just here to cure your frustration from not having any knowledge about the topic.

When you train and test AI, you split the data into the training and test phase in the dataset. Test phase is where you test system performance. Then you can use that to predict the future.

I posted forecast on July 15th:

Quote
Finally done,

here's the forecast for the next 4 days.

19937.01
19381.303
20040.582
20372.076


and then 3 days after I noticed I didnt made forecast but these predictions are the last 4 days in the TEST PHASE from dataset.

Quote
I've made a mistake with predictions I posted. I've found there is some error in the code and function for future prediction is not working properly.
Basically what happened, model predicted the test data, not the future, so technically it was not a prediction.
Currently, I'm able just to post next day forecast, until I fix for the multi days function.

Take a look, predictions I posted and real price for the 4 predicted days; 100% correlation.

19937.01                              
19381.30
20040.58
20372.07

19970.56
19323.91
20212.07
20569.92

Quote
Quote
Take a look, predictions I posted and real price for the 4 predicted days; 100% correlation.
and tell me where you got the "real prices" of 19970.56 and 19970.56 since it never went below 20k since mid-14th.

What you see here is prediction for the test phase, not the future dates you are so stubbornly trying to point as failed prediction. And I OPENLY said it was my mistake and it is not a FUTURE forecast.

And how many times I said in this thread I'm not trying to forecast exact prices, but the trend and direction, and somehow you failed to even read that.

After that I said also multiple times that I will forecast one day in advance until I fix multidays forecast, exactly what I am doing last 4 days. Because you can't read the thread, here's quotes of them for you.

Quote
Prediction for tomorrow 19.07.2022 is upwards.
Quote
Forecast for 20.07.2022 is downwards.
Quote
Prediction for 21.07.2022 is downwards again.
Quote
Prediction for 22.07.2022 is downwards.

Now take that, and compare it where market closed.

Once again, if you are going to notoriusly lie and take all the things out of context, please restrain yourself from commenting.
You have made cool joke, expressed your frustration and it is time to do that on the next thread, as it seems that's what are you doing in your life.

If you are somehow able to write intelligent comments like other guys here, I would be very happy to answer you.







Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: teosanru on July 22, 2022, 09:01:47 PM
Hi,

I reserach and extensively use AI and machine learning for trends prediction in bitcoin and other crypto's as well.
The model is built using cutting edge algorithms and it is capable of predicting 5 days ahead with more than 90% accuracy.
On top of prediction, almost all trading strategies and risk managment would be improved significantly.

Would you in the sea of dishonest vendors selling renamed RSI, be interested in buying real AI predictions?
Here's photo of testing chart for the last few months:

https://i.imgur.com/2akM2em.png

EDIT:
One more photo where model is trained for daytrading, predicting next day in advance:

https://i.imgur.com/JECNLfO.png


What is the basics of this? Is this just using multiple indicators and price action? Or is it factoring in all the macro economic indicators as well? I suggest you give some thesis behind this if you want someone to believe this idea. To me so far this looks imaginary let's wait for few days to see if the market still moves as per your line. But will love to know about this in detail.


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: nites on July 22, 2022, 09:26:54 PM
Quote
What is the basics of this? Is this just using multiple indicators and price action? Or is it factoring in all the macro economic indicators as well? I suggest you give some thesis behind this if you want someone to believe this idea. To me so far this looks imaginary let's wait for few days to see if the market still moves as per your line. But will love to know about this in detail.

It is machine learning system. Machine learning is a subset of AI. I'm not using any technical indicators or macro-economic indicators in the system.
It's using logic and algorithms from speech recognition engineering. Price is processed using various algorithms and then machine learns dependencies, patterns, basically learning how to predict it.

I will continue to post daily predictions. Let's see the result for e.g. 30 days.

Current standings:
https://i.imgur.com/um7pprf.png

Still can't append photo for some reason.


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: nites on July 23, 2022, 12:36:22 AM
Prediction for 23.07.2022 is downwards.


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: nites on July 23, 2022, 06:59:53 PM
Another correct prediction, currently standing at 5/5 accuracy predicting direction of daily closing candles.

I will not be able to run the system for tomorrow, so the next forecast will be for Monday, 25th.



Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: nites on July 25, 2022, 01:33:14 AM
Prediction for 25.07.2022 is downwards.


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: nites on July 25, 2022, 07:39:12 PM
This one will close downwards as predicted, as BTC dropped more than -4.00%.

Wondering if this guy above is shocked, since I must stole something from people that control market.

Next forecast will be tonight when candle closes.


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: Sir Dropalot on July 25, 2022, 11:47:54 PM
This one will close downwards as predicted, as BTC dropped more than -4.00%.

Wondering if this guy above is shocked, since I must stole something from people that control market.

Next forecast will be tonight when candle closes.

Keep'em comin nites, my retirement is on the line. Soon as U say upwards , I'm placin some baller orders, and sayin bye to day tradin, when the $$$ rain down on me:-)


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: nites on July 26, 2022, 12:46:28 AM
We will have to wait for upwards movement for now. FED is meeting today and tomorrow, probably going to increase interest rate, and markets might go down heavily. Good thing AI agree on all of it.
Current standings: 6/6.

Prediction for 26.07.2022 is downwards.


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: nites on July 28, 2022, 01:11:27 AM
Prediction for 28.07.2022 is upwards.


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: Sir Dropalot on July 28, 2022, 03:48:29 PM
We will have to wait for upwards movement for now. FED is meeting today and tomorrow, probably going to increase interest rate, and markets might go down heavily. Good thing AI agree on all of it.
Current standings: 6/6.

Prediction for 26.07.2022 is downwards.

I think your omission of the 10-15% upwards movement, across the crypto spectrum, between 12am (EST) 7/26/22/ to 12am 7/27/22 would be considered a strike, a costly one, but I’m still rootin for you.


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: nites on July 28, 2022, 03:59:21 PM
We will have to wait for upwards movement for now. FED is meeting today and tomorrow, probably going to increase interest rate, and markets might go down heavily. Good thing AI agree on all of it.
Current standings: 6/6.

Prediction for 26.07.2022 is downwards.

I think your omission of the 10-15% upwards movement, across the crypto spectrum, between 12am (EST) 7/26/22/ to 12am 7/27/22 would be considered a strike, a costly one, but I’m still rootin for you.

Daily candle for 26.07.2022 closed at -0.22% at price: 21259.78, as predicted downwards. Price rallied on 27th 8%, and there was no prediction, as I wasn't able to run it that day.

Still standing at perfect accuracy, but expecting it to fail soon. :)


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: nites on July 29, 2022, 12:51:30 AM
Prediction for 29.07.2022 is downwards.

Current standing at 9/9.


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: nites on July 30, 2022, 12:43:30 AM
This is incredible. Price was ~1% up 30 minutes before closing, and then it dropped to -0.28% to close the day, making prediction correct. There must be some hidden order behind.

Prediction for 30.07.2022 is downwards.

Current standings since start of the predictions:
https://i.imgur.com/HB0UZzm.png



Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: Mr.right85 on July 30, 2022, 01:40:28 AM
Hi,

The model is built using cutting edge algorithms and it is capable of predicting 5 days ahead with more than 90% accuracy.

https://i.imgur.com/2akM2em.png

EDIT:
One more photo where model is trained for daytrading, predicting next day in advance:

https://i.imgur.com/JECNLfO.png
It is indeed as you say looking at what is presented there in the chats using the key nations but, you keeping an update on this using future predictions would be a better clarifier as, forum users would be on the prowl to see how it performs. If it could give the same results as in OP.

Should the later be true, I wonder what would become of trading as a whole. Especially when it goes down  to the fact that, many would want to depend on this for analysis and market prediction. Maybe we would have an era change where users no longer want to use indicators no more.


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: Davidvictorson on July 31, 2022, 09:04:08 AM
There are so many AI prediction for Bitcoin prices. As a matter of fact, I came across one project like this a couple of days ago. I have played around with models like this but end up getting confused by their predictions. I think more details needs to the added to the model to make it more robust. You have done a got thing no doubt but I have found that ai models can't make long-term predictions. How are you able to manage the humongous processing power needed to run it?


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: nites on July 31, 2022, 01:53:27 PM
Quote
There are so many AI prediction for Bitcoin prices. As a matter of fact, I came across one project like this a couple of days ago. I have played around with models like this but end up getting confused by their predictions. I think more details needs to the added to the model to make it more robust. You have done a got thing no doubt but I have found that ai models can't make long-term predictions. How are you able to manage the humongous processing power needed to run it?

Hi davidvictorson,

It took me more than two years to research and later to develop the model. Yes, you need to add more features and processing to make models work, simply plugging price, indicators or news into neural network will give you nothing. As I mentioned on the thread, speech recognition problems are very similiar to markets, taking ideas from that field is quite useful.

What do you mean about long term predictions - predicting longer horizon e.g. 10 days into the future, or the performance will not be good long term?

Currently I have 2080ti GPU, and it takes me ~50 minutes to compute the prediction I post here regularly.
Well, there's plan to make server with multiple Nvidia Tesla GPUs, so I can run predictions for more instruments, coins, but I will need to raise some serious money to be able to set up something like that.


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: nites on August 02, 2022, 12:43:15 AM
Let's continue with predictions.

Prediction for 02.08.2022 is downwards.

Recap:
System predicted 10 closing candles in a row.
To put things in a perspective of probability; probability of that happening is 0.0009766 and chance of success is 0.097%.
You might not think that 10 is a lot, but doing it in a row is indeed remarkable.



Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: nites on August 03, 2022, 01:24:38 AM
This one was also correct, 11 in a row.

Prediction for 03.08.2022 is downwards.


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: nites on August 04, 2022, 12:51:59 AM
Another one, 12 correct predictions in a row!

Prediction for 04.08.2022 is downwards.


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: nites on August 05, 2022, 12:46:36 AM
This prediction is also correct, 13/13 in a row.

No prediction for tomorrow, because system returned same price, interpreting it as uncertain whether will price go up or down.


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: nites on August 06, 2022, 01:13:03 AM
Prediction for 06.08.2022 is downwards.


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: nites on August 07, 2022, 01:12:22 AM
Another one, 14 out of 14 predictions correct in a row.

@stompix

How many correct predictions you need, to believe it's possible to predict price direction with ~90% accuracy?

I removed prediction for 07.08.2022; run system again, and it returned same price as yesterday, meaning that direction for today's price is highly uncertain.


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: stompix on August 07, 2022, 04:42:04 AM
@stompix
How many correct predictions you need, to believe it's possible to predict price direction with ~90% accuracy?

You will need 900 out of 1000 to make me think you're extremely lucky at following a trend when the price isn't moving at all because of external factors, I've seen guys managing to get lucky shoots with less than 250$ deviance over the price 3 months in advance three times in a row with pure guesses while we had competitions here with no machine learning, just typing a random number.
But even that won't mean I trust a single word about:
- you running a system based on speech recognition that predicts the price
- you have an actual system at all and it's not just basic TA that will go terrible wrong
- your need of money when you could have already made tens of thousands starting with 10$

After the data faking in the first post I don't trust your results with down up posted at random hours at all without a double checking, but since nobody seems interested in your obvious fake system there is no need for it.


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: nites on August 07, 2022, 11:48:13 AM
I'm again baffled with your comment and your ability to blatantly lie and ignore facts.

You are making yourself extremely ignorant with this comments, I would ask you why, but you might lie and pretend again.

900 out of 1000 just to be lucky following a trend? What on earth are your process of reasoning, I will suggest you learn some probability before talking about numbers like complete ignorant fool.

- you probably don't know, as that is expected from you from this point; but most successful hedge funds like RenTec employs speech recognition to predict price, their CEO literally said that in quote, Google a bit maybe.
-try to build any system with TA, AI or regular one and u will not predict direction of closing candle 3 times in a row, and it is literally impossible to do it 14 in a row like I did
-again you showing extreme levels of ignorance about numbers and probability, I made thousands, but not starting with 10$. If you knew basic math, you would know that's impossible.

Again and again, you lie. I never faked anything, only one doing it here is you.
You have date and time of predictions I posted, and you have last edit time, so you can see predictions are posted and not edited.

Yes, no one is interested seems like, or they don't post amount of posts like you do.

But that speaks more about you and people here. It speaks very loudly that you are completely ignorant, rude lier with enormous amount of low importance complexity. And somehow people believe in your ability to cope with your problems. It is one more confirmation that people don't know anything and they thing stuff you write on this forum makes sense and you know something, not realising you are completely ignorant.

Here's small advice, go learn some basic maths and statistics, it will help you lie more efficiently

Cheers.






Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: GeorgeJohn on August 07, 2022, 12:17:12 PM
If you succeed in developing such a tool, you will be rich in a short time. All you have to do is take a loan and then buy and sell, and since you will know the best time to buy and sell during the next four days, day trading for you will be very profitable.

  • As for trying to sell such a service, you will find it difficult to do so in the forum.
  • Post constant price updates prediction and gain trust, and then you may raise money.



From my perspective i will not encourage to obtain loan and accomplish his project, rather i will advice that taking loans is not the major concerns, because it might taken a loan and after developing the program or delivered the project and it fails to function the way anticipated. So the best thing to do is to develop it with your capital irrespective how long it might taken, but develop with your fund without debiting yourself.


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: nites on August 07, 2022, 02:01:14 PM
If you succeed in developing such a tool, you will be rich in a short time. All you have to do is take a loan and then buy and sell, and since you will know the best time to buy and sell during the next four days, day trading for you will be very profitable.

  • As for trying to sell such a service, you will find it difficult to do so in the forum.
  • Post constant price updates prediction and gain trust, and then you may raise money.



From my perspective i will not encourage to obtain loan and accomplish his project, rather i will advice that taking loans is not the major concerns, because it might taken a loan and after developing the program or delivered the project and it fails to function the way anticipated. So the best thing to do is to develop it with your capital irrespective how long it might taken, but develop with your fund without debiting yourself.

Why would anyone take a loan and then trade it, it's complete nonsense. I don't want to take loan from people here or raise money.

I wanted to sell predictions which can help thousands of people become profitable and in return I would earn small fees from broker. No one ever posted predictions in advance and no one was ever close to get 14 predictions in a row.

But seems that people will rather believe in hamster trader or technical and fundamental junk and trust people like @stompix that don't know anything except to write nonsense on forum.


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: nites on August 07, 2022, 11:13:11 PM
Thanks to @stompix, I decided to lock the thread. As there is no point explaining or providing something smart and sophisticated to people that don't believe it or remotely understand it.
I had sincere intentions to help and make something good, but once again in this world, ignorance wins. Kudos to people that were open minded and were trying to lead intelligent discussion.

Well, farewell and good luck, you will need it more than anything.


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: Slow death on August 07, 2022, 11:35:32 PM
Well, farewell and good luck, you will need it more than anything.

you said you worked hard for 2 years so you arrive on this forum and don't show more credible evidence and at the first legitimate review you gave up and left? imagine that you arrive at a company to show your project, do you think that the company will not have questions and criticisms? how will you deal with it? giving up or bringing credible evidence?

just post your predictions in a way that everyone can understand and analyze


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: nites on August 07, 2022, 11:48:01 PM
Well, farewell and good luck, you will need it more than anything.

you said you worked hard for 2 years so you arrive on this forum and don't show more credible evidence and at the first legitimate review you gave up and left? imagine that you arrive at a company to show your project, do you think that the company will not have questions and criticisms? how will you deal with it? giving up or bringing credible evidence?

just post your predictions in a way that everyone can understand and analyze

But what evidence? Please, clarify what is credible evidence? Where is legitimate review? Only credible evidence is whether predictions work or not, and I'm showing that in most transparent way.

There is no more simpler way to post predictions, prediction is upwards or downwards, price can go upwards or downwards, same for evaulating results, true or false.

I don't want to give up, but people like stompix blatantly lying and twisting words, without any knowledge in basic maths and probability is loudest mouth on the forum.
It's insulting to people that use brains in different ways than just writing nonsense on forum, in this case; creating AI prediction system.


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: Sir Dropalot on August 08, 2022, 09:14:25 AM
Nites, Let the nay sayers and critics opinion go like “water off a ducks back”.
Keep in mind, especially when trying to share something and get it accepted on a forum, “Winners never quit and Quitters never win”.
Next prediction, please.


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: jaberwock on August 09, 2022, 07:20:24 AM
Well, farewell and good luck, you will need it more than anything.
you said you worked hard for 2 years so you arrive on this forum and don't show more credible evidence and at the first legitimate review you gave up and left? imagine that you arrive at a company to show your project, do you think that the company will not have questions and criticisms? how will you deal with it? giving up or bringing credible evidence?

just post your predictions in a way that everyone can understand and analyze
Maybe he thinks that saying he built the project for 2 years is already enough to impress anyone in the room and then won't question it's credibility plus he drop some screenies there on the first page. Usually screenshots are the most used evidence when someone propose something interesting here in the forum.

If let say his invention really works and it can predict better more than the others, well I don't think he will just use it and gave prediction here for free because he work hard for it and also other people will now depend on it without them experimenting and risking money on their own. That's why he is trying to sell it for some cash.


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: nites on August 09, 2022, 09:08:04 AM
Quote
Maybe he thinks that saying he built the project for 2 years is already enough to impress anyone in the room and then won't question it's credibility plus he drop some screenies there on the first page. Usually screenshots are the most used evidence when someone propose something interesting here in the forum.

If let say his invention really works and it can predict better more than the others, well I don't think he will just use it and gave prediction here for free because he work hard for it and also other people will now depend on it without them experimenting and risking money on their own. That's why he is trying to sell it for some cash.

It took me 2 years to build, but for research and learning how to do it, more than 5 years. It was not meant to impress anyone.
Most of people misunderstood chart on the first post, believeing it is some indicator or whatnot, but it is prediction test.

I have already showed it works better than anything seen on this forum. Predicting 14 days in a row correctly is extremely low chance event. It can't be luck. Probability of this happening is 0.00006104.
Rather in fact, if someone tried to recreate it again, you would have 0.0061% chance of success in doing so.

Giving it for free is just not doable. Not because it took me lot of time to get here, but because running the system everyday takes enormous computing resources.
And of course, I need money to develop it further with more features and invest in hardware which costs hell of a lot.


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: inthelongrun on August 09, 2022, 12:07:48 PM
I doubt it but maybe you did an amazing invention. In order to prove that your AI is effective, we need to observe it for about a year maybe. Because short-term movements are not that hard to predict. It's shown in your images that the AI is not perfectly accurate but its trend is correct. What is the time frame of your chart mate? Can you show us the movement prediction for the next five days? Also, it will be easier to understand if you can make its movements into a candlestick. Maybe some of us are willing to make trade positions out of it if you are also willing to share the next 5-day movement.

I got some friends last year that made thousands of dollars daily using bot trading but it didn't last long. So maybe my friend's setting was doing well in that bullish period but it became ineffective when bitcoin started its correction.


Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: nites on August 09, 2022, 01:00:52 PM
I doubt it but maybe you did an amazing invention. In order to prove that your AI is effective, we need to observe it for about a year maybe. Because short-term movements are not that hard to predict. It's shown in your images that the AI is not perfectly accurate but its trend is correct. What is the time frame of your chart mate? Can you show us the movement prediction for the next five days? Also, it will be easier to understand if you can make its movements into a candlestick. Maybe some of us are willing to make trade positions out of it if you are also willing to share the next 5-day movement.

I got some friends last year that made thousands of dollars daily using bot trading but it didn't last long. So maybe my friend's setting was doing well in that bullish period but it became ineffective when bitcoin started its correction.

Doubt is healthy, I'm also doubtful and suspiscious about everything, that significantly influenced me and lead to creating such a system. Otherwise, I would still trade indicators and supp and resist nonsense.
Trading bots are basically sets of rules with classic indicators, and they will obviously fail.

There is difference between predictions and trading signals. Yes, you can maybe make few good trades/signals in a row, but predicting correctly daily close direction is much harder.
Currently, system is running next day prediction, and I'm working right now to make it predict e.g. 5 days as you suggested.

I have to completely disagree that you need to observe it for a year to evaluate it's performance. Especially when the system is built on strong mathematics fundaments.
Not to mention you are basically losing money for that year observing it.

How I personally trade predictions: I buy or sell half a contract if prediction is upwards or downwards, and if price pullbacks in opposite direction I add half contract more.
It is highly effective and profitable, yet very simple, but that's only because predictions are most of the time correct.



Title: Re: AI prediction/forecasting for Bitcoin and crypto trends
Post by: nites on August 11, 2022, 04:18:43 PM
Nites, Let the nay sayers and critics opinion go like “water off a ducks back”.
Keep in mind, especially when trying to share something and get it accepted on a forum, “Winners never quit and Quitters never win”.
Next prediction, please.

I'm getting quite sure that it's not possible to get it accepted here, because most of the people here don't understand and they can't judge what is good or what is not. I glanced throught threads in this trading discussion and it's astonishing that most people on this forum think you can beat market consistently with indicators and price action if you practice/learn enough. Total ignorance.  
There is a reason why 95% people in trading lose money, and it will always be the same.