Did you know about AI trading bot?

[Mpamaegbu]

~snipped~

The AI I use have a stop lose feature that takes care of that aspect so at that,  there is a set percentage as to how much lose it can take before closing the trade automatically so at the end even on a bad day,  your lose won't be overly significant.

Aw! You're trying to whet my appetite on that one. You're arousing my curiosity further. You're so confident of this? If it's something you will want me to take a look at, is there any one you can recommend? Again, can it be run on mobile phone or simply a PC affair? I wouldn't mind to take a peep at it.

I haven't seen any success recorded with AI in gambling, as I have seen in trading,  and that speaks volumes as to what difference it is between the casino system and the exchange system and which one is legit or ringed in results.

It simply points to one thing – casinos don't like those who play against them winning. Forget all the glitz and razzmatazz on media of those who win, I always believe it's staged. For all we know, those they parade as lucky winners could be their cronies and they launder cash through them by making them pretend they hit a jackpot.

[Wiwo]

~snipped~

The AI I use have a stop lose feature that takes care of that aspect so at that,  there is a set percentage as to how much lose it can take before closing the trade automatically so at the end even on a bad day,  your lose won't be overly significant.

Aw! You're trying to whet my appetite on that one. You're arousing my curiosity further. You're so confident of this? If it's something you will want me to take a look at, is there any one you can recommend? Again, can it be run on mobile phone or simply a PC affair? I wouldn't mind to take a peep at it.

I haven't seen any success recorded with AI in gambling, as I have seen in trading,  and that speaks volumes as to what difference it is between the casino system and the exchange system and which one is legit or ringed in results.

It simply points to one thing – casinos don't like those who play against them winning. Forget all the glitz and razzmatazz on the media of those who win, I always believe it's staged. For all we know, those they parade as lucky winners could be their cronies and they launder cash through them by making them pretend they hit a jackpot.

Really I have seen that success with AI-based trading and if you opt to take a close look at the ratio between their losses and profits taking,  I say the positivity is higher and for sure you can reach out for some recommendations but note that you have to do your own research and measure the risks.

AI may not record significant success in gambling since casino systems are programmed to favour the house as against the player,  online exchanges where traders trade against each other,  really it becomes easier for Artificial Intelligence to gather trading information from past histories that can make up a positive market analysis that will lead to profit taking.

Compared to casinos where the system is designed rigidly that doesn't allow integration of new developments,  unless if in the future things change,  because metaverse development may lead to more open source in casino systems where AI could fit in but chances are still low.

Regarding your opinion about game outcomes,  I align my thought with yours for several reasons and events that I have experienced also in gambling.

[RewFrew]

Recently I heard about AI trading. AI means Artificial intelligence which operated by bot. I think it is good idea. Trading is difficult i think, it has huge risk and many people are not experienced with trading so they losing their valuable fund. And we fall huge mental presser when we trade. But AI trading is free from that presser. Because it operated by bot. And bot can understand market's movement. So losing possibility is poor in AI trading. Some CEX started AI trading. So AI trading is blessing for inexperienced traders. They can easily get profit from AI trading.

[Bushdark]

Recently I heard about AI trading. AI means Artificial intelligence which operated by bot. I think it is good idea. Trading is difficult i think, it has huge risk and many people are not experienced with trading so they losing their valuable fund. And we fall huge mental presser when we trade. But AI trading is free from that presser. Because it operated by bot. And bot can understand market's movement. So losing possibility is poor in AI trading. Some CEX started AI trading. So AI trading is blessing for inexperienced traders. They can easily get profit from AI trading.

AI trading is just evolving and this is going to make a lots of traders to be lazy because people now will not want to study the market to analyze trades but would be after the profits they are going to make from the market once they set there hands on bots that will be able to trade for them without having so much loses. Once there is a bot that have like 70% to 80% winning rate, it will make a lots of traders to be very lazy and people will start losing interest in acquiring the skill they need to be a smart trader, analysing the market without stress.

[welshhana]

AI is way more efficient than humans rn. It can profit from tiny price changes super quickly. Most probably, traders will adopt AI-powered trading soon

Can you tell what bot you use?

[sana54210]

Recently I heard about AI trading. AI means Artificial intelligence which operated by bot. I think it is good idea. Trading is difficult i think, it has huge risk and many people are not experienced with trading so they losing their valuable fund. And we fall huge mental presser when we trade. But AI trading is free from that presser. Because it operated by bot. And bot can understand market's movement. So losing possibility is poor in AI trading. Some CEX started AI trading. So AI trading is blessing for inexperienced traders. They can easily get profit from AI trading.

AI trading is just evolving and this is going to make a lots of traders to be lazy because people now will not want to study the market to analyze trades but would be after the profits they are going to make from the market once they set there hands on bots that will be able to trade for them without having so much loses. Once there is a bot that have like 70% to 80% winning rate, it will make a lots of traders to be very lazy and people will start losing interest in acquiring the skill they need to be a smart trader, analysing the market without stress.

I believe that it is going to be something amazing to catch up and it is going to come back with a return that will be super fun to see. I understand that not everyone will have the same logic and some people will have a different approach to this but it is going to be profitable one way or another.

I get that it is going to get something that will be beneficial to everyone, and in return we are going to end up with a great return that will benefit the situation to be a lot more important. Of course it's not going to be a profitable thing right away, but we should be still waiting for it go get better. If you start using it right now, that is not going to end up being anything that is profitable, and you should be worried about it.

[jeraldskie11]

In some cases bot are very smart regardless of the volatility of the market. Trading with both is just like trading smarter because you’ve got no reason to stress yourself.

Humans will never be replaced by bots. I don't think if bot is really smart regardless of volatility. My understanding of volatility is that trading with high volatility coins increases your chances of hitting your stop loss. However, if you trade with low volatility, your stop loss is unlikely to be reached. Volatility is something that all traders understand.

The only one advantage of bot to humans is that there are no emotions at all when they trade. Meaning, they always stick to their plan no matter what happen. Unlike humans, if they get controlled by their emotions they keep changing their trading plans and that's the main reason why they don't succeed in trading.

[Danydee72]

In my opinion there will be some evolution steps:
1. Several AI projects/bots will be profitable for some months or maybe even years, sure.
2. Same time a huge amount of AI projects evolve as scam riding on the hype. The only target is to squeeze money out from people.
3. Later on we begin to understand. AI may help in trading, but should not be used without human interaction.
4. And there will be very big players controlling AI's (if they not already do). And so AI become a nice tool to manipulate the masses. In a way we cannot imagine today. Youtube, Pictures, Forums - all may be ruled by AI's. We don't know anymore if things are true or not. It gets very difficult to avoid AI in all ways.
Just think of it: AI is not able to generate money. At least not now and in near future. There will be always people losing their funds. And you think these people live somewhere outside of scope? No, we are these people!
So in my opinion, AI is just a shorttime squeezer of money. We may, if we are smart, use it to analyze data. But not for automated trading in a sustainable way. Big players will try to, but with other intentions than we liked using it.

[AmoreJaz]

Recently I heard about AI trading. AI means Artificial intelligence which operated by bot. I think it is good idea. Trading is difficult i think, it has huge risk and many people are not experienced with trading so they losing their valuable fund. And we fall huge mental presser when we trade. But AI trading is free from that presser. Because it operated by bot. And bot can understand market's movement. So losing possibility is poor in AI trading. Some CEX started AI trading. So AI trading is blessing for inexperienced traders. They can easily get profit from AI trading.

AI trading is just evolving and this is going to make a lots of traders to be lazy because people now will not want to study the market to analyze trades but would be after the profits they are going to make from the market once they set there hands on bots that will be able to trade for them without having so much loses. Once there is a bot that have like 70% to 80% winning rate, it will make a lots of traders to be very lazy and people will start losing interest in acquiring the skill they need to be a smart trader, analysing the market without stress.

that would be a mistake of a trader, if he will depend on AI entirely. having your own knowledge, strategies, tricks will be your advantage. some of the facets will not be considered by AI. those human factors such as sudden change of plans by the dev, which we can get from their announcements or hints from social media channels. AI is a very good technology, but if it is couple with human intervention, you may get the true benefit of this tech.

[gunhell16]

To be honest, even then I didn't believe in AI trading, because I watched a video where he explained that the trading bot and AI trading are the same thing. I saw and verified that what he said was true. . Those trading bots that were noisy before and no one noticed have been quiet for a few years.

And now when they saw that AI was trending, they were encouraged again so they used AI to replace their existing system, and it seems that they succeeded in this matter, but after just a few months, they became silent because that's how it is the truth.

[Ben Barubal]

Recently I heard about AI trading. AI means Artificial intelligence which operated by bot. I think it is good idea. Trading is difficult i think, it has huge risk and many people are not experienced with trading so they losing their valuable fund. And we fall huge mental presser when we trade. But AI trading is free from that presser. Because it operated by bot. And bot can understand market's movement. So losing possibility is poor in AI trading. Some CEX started AI trading. So AI trading is blessing for inexperienced traders. They can easily get profit from AI trading.

     I don't trust that AI trading bot, because if your setup is wrong, you will lose immediately. It's really different when we ourselves conduct trading on an exchange. Now, as you said,
this AI trading bot is only good for newbies entering crypto trading but not for old members in this field, of course.

     But to others who believe in this, I can only say that you should do it at your own risk, because whatever happens is not a good result in the end; that is the result of the decision you made.

[batang_bitcoin]

     I don't trust that AI trading bot, because if your setup is wrong, you will lose immediately. It's really different when we ourselves conduct trading on an exchange.

This is correct, there's a misleading thought about using bot or ai bot or whatever they call it. You are still the one to setup the conditions and numbers on it. It doesn't mean that you're going to use a bot, you're in assurance that you're going to make a lot of money with your trades, no.
You just made your trades automated which can also be done even without having a bot to use to. But all you have to do is to set your limits even without using a bot which is a feature of most exchanges.

[Assface16678]

     I don't trust that AI trading bot, because if your setup is wrong, you will lose immediately. It's really different when we ourselves conduct trading on an exchange.

This is correct, there's a misleading thought about using bot or ai bot or whatever they call it. You are still the one to setup the conditions and numbers on it. It doesn't mean that you're going to use a bot, you're in assurance that you're going to make a lot of money with your trades, no.
You just made your trades automated which can also be done even without having a bot to use to. But all you have to do is to set your limits even without using a bot which is a feature of most exchanges.

true, but the thing is I don't really trust AI or trading bot because I more on want to trade using my own mind and skills, there are trading bots that is being developed that will really do the trade for you but the thing is that AI rely's on information and data and we know how volatile a market is so what if a trading bot can't handle the volatility of the market and the data is not n the trading bot then it can't function well or it will trade wrong, and its understandable because AI has a long way to go, maybe in the near future trading bot will be more advanced, but still that's count as cheating, but for others its profit, it doesnt matter on how will they gain profit as long as they have, and I don't want to rely on that I want to be successful by my own.

[BD Technical]

I have not done AI trading so far but I can train by copying signals from other people.  But no matter what anyone says about AI trading or anything else you have to take risk you can never do without risk.  I don't know how to control this eye, I must follow some guidelines, but if anyone knows how much this AI is good for myself or for others, please reply to my post.  What is actually happening is that the whole world has been covered with AI, so it is working everywhere because one day it will be seen that there is no work for humans and all the work can be done through robots, then the income of people will decrease per capita income and everyone.  And those who are poor will starve to death because their function will be reduced and their needs will be reduced.

[batang_bitcoin]

     I don't trust that AI trading bot, because if your setup is wrong, you will lose immediately. It's really different when we ourselves conduct trading on an exchange.

This is correct, there's a misleading thought about using bot or ai bot or whatever they call it. You are still the one to setup the conditions and numbers on it. It doesn't mean that you're going to use a bot, you're in assurance that you're going to make a lot of money with your trades, no.
You just made your trades automated which can also be done even without having a bot to use to. But all you have to do is to set your limits even without using a bot which is a feature of most exchanges.

true, but the thing is I don't really trust AI or trading bot because I more on want to trade using my own mind and skills, there are trading bots that is being developed that will really do the trade for you but the thing is that AI rely's on information and data and we know how volatile a market is so what if a trading bot can't handle the volatility of the market and the data is not n the trading bot then it can't function well or it will trade wrong, and its understandable because AI has a long way to go, maybe in the near future trading bot will be more advanced, but still that's count as cheating, but for others its profit, it doesnt matter on how will they gain profit as long as they have, and I don't want to rely on that I want to be successful by my own.

That's okay if you don't trust them. Because what your capacity is as a trader depends on how confident you are with the knowledge that you've got.
So if you don't think that you don't need these ai bots or trading bots then that's okay because we are on our own on this market whether how brutal it is, we don't mind it because we know how to trade.
But those that have got tired already and just chose to hold, that's also fine and not a problem at all.

[Z_MBFM]

AI is basically an artificial intelligence complete robot that can think much like a human. so AI trading bots may be able to make decisions much like humans but there are many risks here too. Because no technology can tell an accurate and guaranteed future then how can a bot guarantee someone a profit in trading. no matter how one trades, risk will always be there, so one must accept risk in order to trade. And one should trade with the amount that one has the ability to accept losses. and along with that there must be patience

[justdimin]

AI is basically an artificial intelligence complete robot that can think much like a human. so AI trading bots may be able to make decisions much like humans but there are many risks here too. Because no technology can tell an accurate and guaranteed future then how can a bot guarantee someone a profit in trading. no matter how one trades, risk will always be there, so one must accept risk in order to trade. And one should trade with the amount that one has the ability to accept losses. and along with that there must be patience

Unfortunately, (or maybe fortunately) these are not artificial intelligence at all. These are machine learning programs which learns from thousands and thousands of moves, and make decisions based on that.

You enter what a profit is, and you enter what a loss is, then you enter 100 thousand different trades, it sees which ones were profitable and which ones were loss, and tries to find what made the winners win. That is not a bad idea, its a good concept, but it is not artificial intelligence, it doesn't have a brain of its own, so there is no reason to worry about any trading bot to take over the world yet lol. Just feel as if nothing is wrong and you should be doing fine, its not going to hurt anyone and its a boring software that's it.

[Maus0728]

AI trading bots are still a risky thing to use for an already risky activity which is a bad idea, as much as I like technology and AI technology's current innovation, it's still a bit lacking in some departments that will probably take some time before it can ever solved and right now, if you're still the one that's specifying what the bot should do when it comes to trading, it's probably in your best interest to stay away from that because you still need to do some inputs to the put just to automate it but I think that a perfected AI should be able to just trade straight away without any prompts or specifics from the users, that's the time that I know I can trust trading bots to trade for me, note that the trust goes hand in hand with the fact that you're going to still be profiting from the trades of that bot/AI 90% of the time and the losses would be at a minimum.

[goaldigger]

AI is basically an artificial intelligence complete robot that can think much like a human. so AI trading bots may be able to make decisions much like humans but there are many risks here too. Because no technology can tell an accurate and guaranteed future then how can a bot guarantee someone a profit in trading. no matter how one trades, risk will always be there, so one must accept risk in order to trade. And one should trade with the amount that one has the ability to accept losses. and along with that there must be patience

Using Bot doesn’t guarantee anything, you can only use this to automate your trade but not to automate your profit because you are still the one to set-up the indicators that you are going to use or simply use the format available. Bot is ok to those who are busy yet still want to trade actively, and they also have feature about the stop loss, you just need to set it and the bot will follow it accordingly.

[CageMabok]

Yes, AI trading bots are becoming increasingly popular in the crypto space. They offer a way to automate trading strategies and take advantage of market opportunities without needing to be constantly monitoring the markets. Some exchanges even offer features like loss protection, which can help mitigate risk.

Have you tried it at this point? If you have tried it on any exchange, try to share a little of your experience here so that other crypto market activists can read how it works on the exchange that offers it. Because I still don't trade regularly, I still don't rely on this, so I still need to read things like this more fully so that I can try them when I return to trading using more time. Because at this current moment I still tend to buy more than sell, even though the aim is also to obtain a more perfect profit.