Is it true that this AI is good for trading?

[Luzin]

So for me, it's better to get a Bot specifics for trading, not saying that it will be a guarantee to make profits, but at least it was design for the one used only. But we all know that the data is still based on us, so what we feed the bot, will likely what he will give us in trading, I'm talking about the parameters.

I've had a lot of offers to have such a robot for trading, but because of the high price I think I'm using tools like tradingview and others. Indeed I think as far as they master the Bot would be useful, and profitable. But maybe the author should also know, AI bots can't always run automatically, there are parameters used and you have to be good at making those parameters with manual or technical analysis.

In addition, I also believe that this AI Bot can given a virus to control the account, because I heard that this BOT must be directly connected to our account in trading. So during my nearly eight-year trade I only believed in myself.

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[jrrsparkles]

Can you tell me what is actually the AI trading bot do with your trades?

If I am not wrong AI stands for making decisions on its own so if there is a trading bot with such capabilities and zero error percentage then you will become billionaire in few days just with a single digit capital so its not reliable or just using the name AI because it looks catchy.

[Lucius]

I can only copy opinion of one member who recently, when asked about those who sell various crypto courses on trading, wrote that only those who sell it actually make money - and I think it is similar with those so-called AI bots. If someone has a trading bot that is special and makes a profit, he will certainly not sell it if he can make a profit with it.

I advise less YT and all the possible magic that is presented there, which will result in a smaller number of fairly meaningless questions on the forum.

[mvdheuvel1983]

Nah. I do not think so. Some things in trading requires more than calculations. It requires gut, instinct and conviction.
Do intelligent machines have these? I guess not. Infact, I feel that the number of people who incorporate AI in their trading are very few. I also feel that most veteran traders will not be comfortable with artificial intelligence doing the trading for them.

[el kaka22]

I do agree that it would be pretty amazing for machine learning to find the good trades and collect them (and also bad ones to see how it works both sides) and then make it a great trading machine. But lets be real, in order for that to work, what happened in the past should have the same consequences in the future.

Like we have regular trading bots right now, things you could buy for a grand at most, probably cheaper, where you could do indicator trading and what indicators that were hit in the past before an increase, could be used again but maybe won't increase next time. That's the issue with AI trading, it can learn from the past, but future may not have same results.

[oaz7t]

The best AI we can have is our own brain mate. AI's, bots, and anything that is digital methodology is based on the mathematics data that is being feed to it but not the factual analysis. By default human brain can process both the sides actually. They can either go for the technical analysis and they can also do the factual analysis at the same time. This means the trading confidence that is built by human brain is far greater than the AI. They can make you profit for sure but they can also make you loose with little error in the code isnt it? We don't say but we also need a little emotional part of us to make some logical decisions. When to stop trading, what's balance left out, what is the current situation of your expenses and much more. It can only be thought by human brain but not an AI. Choose wisely.

[Natalim]

The developer of this project OP put a huge amount to publish and get a better picture of what they have planned. Of course, if we ask any of the team members about this project they certainly be talking positively and promises which could tempt you to try and use it. That is what we could marketing strategy to attract the interest of the community. But what we are looking for is the aftermath and many questions if this really reliable or just speculation.
But for me, it might be good for those who are still learning but it was not better in the long run as the market trend keep on changing.

[Wind_FURY]

more profitable in trading IF you programmed the bot with a good trading strategy.

The problem with all bots is, no one could code all the strategy or a strategy for all market conditions. So, bots also will book losses. It means bots cannot be the final destination.

There's no strategy for all market conditions, but there's always a strategy for each market condition. The programmer's job is simply to identify the market condition, then use the right script.

Plus you're wrong in believing that no trader has successfuly ultilized bots for profit because there are many of them in the top 10% of the most profitable traders. Plebs like us can't compete against them, with their large capital, and their army of bots.

[maydna]

I have never used AI to trade. But I wonder if AI is like the applications offered by some developers here. Because in my opinion, if it is artificial intelligence, it means that AI can do analysis without human intervention, and we only give orders to trade based on market direction AI immediately runs by itself and if the market direction changes, AI will adjust accordingly. If so, it will be different from the app the developer made because it might be a new technology for commerce. But I still prefer manual trading because by using that method, I can learn more about analyzing the market's direction.

[Cling18]

It can help especially if you need ideas and help in technical analysis but you shouldn't always rely on it because for sure, its prediction isn't reliable all the time and they just base their responses on their programmed scripts. You can try using it in the beginning but you have to grow by doing your research and practicing trading fundamentals on your own. You must know how to do it yourself because you can't succeed as a trader by just relying on AIs all the time.

[jaberwock]

It can help especially if you need ideas and help in technical analysis but you shouldn't always rely on it because for sure, its prediction isn't reliable all the time and they just base their responses on their programmed scripts. You can try using it in the beginning but you have to grow by doing your research and practicing trading fundamentals on your own. You must know how to do it yourself because you can't succeed as a trader by just relying on AIs all the time.

Yeah, that is the only thing that it can do. It can help you gather existing data but we shouldn't rely other important things to it because it won't simply work. If we are a beginner then I think learning on our own way would be better because if we rely immediately in the AI's then how can we know or verify if the data's that they are throwing to us are accurate? AI's are only a pro traders toy.

It helps them make their trades faster than ever. Just wanna say that this topic here about AI reminds me of Chatgpt. I am sure many of you guys already heard of it? It is said that it can do almost any things, so I won't be surprised anymore if many people use it for trading but I doubt it will work.

[goaldigger]

Nah. I do not think so. Some things in trading requires more than calculations. It requires gut, instinct and conviction.
Do intelligent machines have these? I guess not. Infact, I feel that the number of people who incorporate AI in their trading are very few. I also feel that most veteran traders will not be comfortable with artificial intelligence doing the trading for them.

Probably most of the trading strategy are with those AI but I think its too risky to depend on this. Imaging, if there’s a good AI for trading then everyone will make profit, and that is not healthy anymore. In trading someone will always lose and win, we can’t everyone win because this is how the market works. The result will always depend on our own analysis and if you didn’t make any good analysis, don’t expect to make profit at all.

[Mr.right85]

I keep seeing videos on Youtube related to how good this A.I project called ChatGPT is very good trading and we all know how unreliable those YouTubers are, so I bring this on here instead, have you use this A.I project for trading yet? Any one?

UPDATE

Sorry guys its actually OpenAI not ChatGPT

Am sure you know YouTube publicity are paid adverts most times as, theee are hardly users that would just want to put products out if mot for what they are gaining from it or maybe, just some means to keep the channel busy with content and building the channel as well.

Am not any familiar with the AI in question, never used it either but I would say,
If any AI is as good as it is projected to be, traders won't spend much time trying to analyse the market. Instead you'll find traders pulling resources to get some bot to make things easier for them.

Unfortunately, it's always going to be Garbage in and Garbage out with an AI, together with some malfunctions and market jumps due to manipulations from the platform in use which could result in some real lose.
AI isn't any good compared to what your knowledge could come up with.

[AakZaki]

I've had a lot of offers to have such a robot for trading, but because of the high price I think I'm using tools like tradingview and others. Indeed I think as far as they master the Bot would be useful, and profitable. But maybe the author should also know, AI bots can't always run automatically, there are parameters used and you have to be good at making those parameters with manual or technical analysis.

In addition, I also believe that this AI Bot can given a virus to control the account, because I heard that this BOT must be directly connected to our account in trading. So during my nearly eight-year trade I only believed in myself.

Without having analytical knowledge, you will not be able to control or set up AI bots perfectly. But the use of this kind of bot will provide excessive automation. When the bot is equipped with an AI bot, it will try to find loopholes or what commands are suitable for use. As long as there are parameters that are set, the Bot will run properly. But don't trust too much and keep doing manual control.

And for bots that are infiltrated by viruses, it may be common to find them. Usually bots containing malware or viruses are distributed free of charge and promoted by several people who are then used by novice investors, and in the end they will lose their assets silently. Be careful and don't use bots without doing some complete research.

[Captain Corporate]

I just don't feel like I trust it at all. Not because it sucks or anything, but because I just don't trust anyone or anything else to do my trading for me. Back in the day I did, there was a bot that I used, even sold, but I just didn't get the results I wanted with it, and saw plenty of people who made insane amounts of money with it and saw a lot of people who lost all their money with it as well. As we can assume, I am one of those who would lose it all instead of earn, I am not good at it at all. Hence, I would probably not be good at this neither and be terrible, so there is really no need for it.

[Scripture]

Is AI trading will be the one to trade for you using the default strategy?
If yes, I don't think I can trust them because this is trading and I'm using my money here so I should be the one to trade for it using my own strategy. In trading we should be more knowledgeable about it, this might not be a good option to others and AI trading can't still be trusted as of the moment.

[Mahanton]

Is AI trading will be the one to trade for you using the default strategy?
If yes, I don't think I can trust them because this is trading and I'm using my money here so I should be the one to trade for it using my own strategy. In trading we should be more knowledgeable about it, this might not be a good option to others and AI trading can't still be trusted as of the moment.

If they do saw that it is quite relevant or would be something that helpful then people do have always the choice on doing what they do have in mind.Sooner or later they would really be able to find out if its
really that quite relevant or something useless at all.Its true that nothing beats out if you are the ones who do make out such trading decisions on your own and wont really be relying on something
which had been proven out.If ever this was effective then all of traders would really be that rich or could make huge money but we know that this isnt how reality seems like.
This do proves out that it wasnt that something do works.

[Oceat]

Can you tell me what is actually the AI trading bot do with your trades?

If I am not wrong AI stands for making decisions on its own so if there is a trading bot with such capabilities and zero error percentage then you will become billionaire in few days just with a single digit capital so its not reliable or just using the name AI because it looks catchy.

That won't happen either because if you can think about it, if it's too good at trading then the owner shouldn't be selling that to anyone because they will become millionaire/billionaire in no time. But unfortunately, it's not like that as we thought since it was just a chatting AI maybe I guess would talk/tell you what to do in the market but doesn't work as what you have expected.

I would rather stay away of those bots/AI that would trade for me because it's not as good as what you think. Let yourself decide if you made mistakes so that you will learn your all lesson.

[Myleschetty]

I have heard a lot of things about Open Ai and how also people commended ChatGpt's capacity even since Elon Musk tweeted about it. I have used any of the two but according to my understanding and research about all these Ai platforms they work just like Google search engine I mean they are web crawlers that search thousand of billions of information available online to provide an answer to a specific question you ask the Ai machine.

[AmoreJaz]

Can you tell me what is actually the AI trading bot do with your trades?

If I am not wrong AI stands for making decisions on its own so if there is a trading bot with such capabilities and zero error percentage then you will become billionaire in few days just with a single digit capital so its not reliable or just using the name AI because it looks catchy.

That won't happen either because if you can think about it, if it's too good at trading then the owner shouldn't be selling that to anyone because they will become millionaire/billionaire in no time. But unfortunately, it's not like that as we thought since it was just a chatting AI maybe I guess would talk/tell you what to do in the market but doesn't work as what you have expected.

I would rather stay away of those bots/AI that would trade for me because it's not as good as what you think. Let yourself decide if you made mistakes so that you will learn your all lesson.

if they are making good money to those who used it, this won't be public for long as someone will already buy the rights of using it exclusively. but guess it is not. it is just to assist your trading activities but not entirely relying on it. much better if you will do your own trade and learn the basics. as you go along with your journey, you will pick up some of the tricks and that you can use when you are trading.