What's the Accuracy with using AI to trade

[Iamcrypticguy]

Hey guys...Futures trading has undergone a significant transformation, with technological advancements making the way for a more accessible and efficient experience. One notable development is the emergence of products that allow individuals to trade, copy trade, and bot trade futures contracts, such as those based on the DCMI30 index. These products have democratized futures trading, making it easier for a wider range of investors to participate in this market for me i think accuracy is around 90% success from my DYOR.

what do you think about AI Accuracy in trading ?

[mk4]

Asking what the accuracy of AI in trading is like asking what the accuracy of a pro trader is in trading.

• What data is the AI trained on? and from where?
• What indicators is the AI using?
• How much data is actually fed to the AI?
• etc.

[Rruchi man]

what do you think about AI Accuracy in trading ?

Whenever it comes to trading, I always tell people that I know in trading to focus on becoming independent traders on their own from daily practice and consistency with following up the market rather than planning to start trading depending on AI or bots to make your trading experience easier or better. AI or bots should not be depended on because they can also make errors that can lead to massive losses in trading by a trader whose entire dependence has been laid on it's use. You can still become a very profitable and successful trader from practice.

[notMeNahh]

Hey guys...Futures trading has undergone a significant transformation, with technological advancements making the way for a more accessible and efficient experience. One notable development is the emergence of products that allow individuals to trade, copy trade, and bot trade futures contracts, such as those based on the DCMI30 index. These products have democratized futures trading, making it easier for a wider range of investors to participate in this market for me i think accuracy is around 90% success from my DYOR.

what do you think about AI Accuracy in trading ?

For AI accuracy trading,  considering the amount of data that the bot takes is very important but then again most bot trading products usually have statistics you can scroll through and decide if it's worth it or not. Besides those kind of products usually have benefits that follow like this. So it's all up to you

[Lightmanalmani]

Hey guys...Futures trading has undergone a significant transformation, with technological advancements making the way for a more accessible and efficient experience. One notable development is the emergence of products that allow individuals to trade, copy trade, and bot trade futures contracts, such as those based on the DCMI30 index. These products have democratized futures trading, making it easier for a wider range of investors to participate in this market for me i think accuracy is around 90% success from my DYOR.

what do you think about AI Accuracy in trading ?

Mehn! When it comes to trading just leave Ai OUT OF IT I repeat LEAVE AI OUT OF IT, you might be swept off your feet with a juicy realisation that your account has been blown infact you might even be owing the broker lols that was jn a lighter note but the truth of the matter is just invest in knowledge acquisition.
Just my take though

[Dr.Bitcoin_Strange]

AI and trading bots have not proven to be more profitable than human traders and therefore I don't think that AI is something I should deeply employe for my trading. I only use bot/AI if I want to scalp trade but don't want to do it manually due to not having enough free time to keep watch of the market, then I can just automate the bot to do it for me.

[Iamcrypticguy]

AI and trading bots have not proven to be more profitable than human traders and therefore I don't think that AI is something I should deeply employe for my trading. I only use bot/AI if I want to scalp trade but don't want to do it manually due to not having enough free time to keep watch of the market, then I can just automate the bot to do it for me.

This is valid too. Thanks. Just needed some outside view..but some guys use bots in form of Api trading and they're killing it.. that's different?.

[Kelward]

what do you think about AI Accuracy in trading ?

Whenever it comes to trading, I always tell people that I know in trading to focus on becoming independent traders on their own from daily practice and consistency with following up the market rather than planning to start trading depending on AI or bots to make your trading experience easier or better. AI or bots should not be depended on because they can also make errors that can lead to massive losses in trading by a trader whose entire dependence has been laid on it's use. You can still become a very profitable and successful trader from practice.

I totally agree with you that traders should not depend on AI and bot, it's better to learn from experience, improve on your skills and make your own decisions. Trading is hard and newbies can start practicing with demo trading while learning from professional mentors and improve themselves. Learn from your mistakes, don't be greedy and start trading with the amount that you can afford to loose. After practicing and gaining trading knowledge it's good to start trading independently without relying on artificial intelligence.

[justdimin]

• What data is the AI trained on? and from where?
• What indicators is the AI using?
• How much data is actually fed to the AI?
• etc.

All of these could be confidential as well, so AI would be as good as whoever made it, and this means we are not going to get a great result all that easily. The reality is how we could make some money from personal trading because we are the ones who know ourselves the best and someone else can't know what we want as well as we do. I know it is going to be hard to make this distinction, but we are going to get a tough result if we are not careful.

AI will be getting the data it requires from someone, or even a team or a company, but no matter what, it will be people who give it this data, so if those people are wrong, then AI will be a bad AI trading bot and will not get good results. I have seen some attempts so far, machine learning isn't ready for mistakes and the results weren't good. So, we need to focus on learning about trading in order to start being a good trader in the future, will make it a lot better for all of us if we know how to trade.

[passwordnow]

making it easier for a wider range of investors to participate in this market for me i think accuracy is around 90% success from my DYOR.

what do you think about AI Accuracy in trading ?

The challenge for you is to do it on your own and since you've done your DYOR, test it out and report back to us and let's see how it went for you. Because with the accuracy of using AI in trades doesn't really sound optimistic at all. It's just a glorified term when every discussion is said that there's an AI involved, they think that it's perfect and don't have some setbacks. People should realize that we've got trading bots even before the name of these AIs became noisier. And if the accuracy of trading with the use of it around that percentage, we're all going to be rich leaving our day jobs and just do full time ai trading.

[mirakal]

Hey guys...Futures trading has undergone a significant transformation, with technological advancements making the way for a more accessible and efficient experience. One notable development is the emergence of products that allow individuals to trade, copy trade, and bot trade futures contracts, such as those based on the DCMI30 index. These products have democratized futures trading, making it easier for a wider range of investors to participate in this market for me i think accuracy is around 90% success from my DYOR.

what do you think about AI Accuracy in trading ?

Those claiming that AI has gained 90% accuracy are usually the ones creating these systems, not the traders themselves. Achieving such accuracy doesn't guarantee that every trader will succeed or that the AI creators will become millionaires overnight. Well, it was your own research (DYOR), but do you really think that’s the reality? The truth is, no technology currently exists that can predict market movements with that kind of precision.

AI and trading bots are designed to be alternatives for traders who are busy, but at the end of the day, these tools still rely on the commands and strategies set by the trader. At the end of the day, it’s up to the trader to make the right decisions before these AI.

[slaman29]

These products have democratized futures trading, making it easier for a wider range of investors to participate in this market for me i think accuracy is around 90% success from my DYOR.

what do you think about AI Accuracy in trading ?

You know, one of the surest ways for me to detect a shit product is when they use words like 'democratize'. It is same category as 'revolutionize' and 'decentralize'.

How exactly has AI democratized futures trading? Did 1 person who wasn't able to trade futures suddenly now can because of AI?

Show us your DYOR. 90% success means nothing without basic underlying numbers. What is averaged annual profit? What is averaged profit per unit traded? That is the only thing that means anything in trading

[yudi09]

what do you think about AI Accuracy in trading ?

I can’t say that AI accuracy in trading will be 100% accurate because AI is a human-made system when compared to the volatile market situation in terms of prices across all types of listed and traded coins.
During my time in trading, I have never tried to use AI and during my trading, I have still been able to rely on my own abilities.

[Marvell1]

AI is just a software that works on the data we give it, it can make predictions based on that data and that means it is no different than us when it comes to talking about the future. I mean, it's not from the future so there's no way of knowing what will happen in the future. You can use AI to trade but you need to know that it is all just a prediction and can be right or wrong.

Personally I think using AI for support is not a bad thing, we can leverage and combine it to make better analysis and predictions. But if we think we can rely on it and use it to replace us completely in trading, it is really a bad idea and only shows that we are lazy. We want to make money, want to be rich but don't want to make an effort and work hard.

[Richbased]

what do you think about AI Accuracy in trading ?

The accuracy of an Artificial Intelligence is just a 60/40 chance of gaining in trading because even though using an AI may seem easier like being able to identify market trends that can be favourable to a trader very quickly and also sort out market conditions that may deviate from human understanding unlike when you are doing everything manually but there are times when it may not be efficient enough to give exactly what you want at a particular period of time especially when you involve the use of AI in numerous trades. However, AI shouldn't be used in trading all the time as there is need for you to also apply your own knowledge and techniques to see how you can efficiently make a good trade because depending so much on AI is risky and you may find yourself trusting an AI too much such that it can disappoint you at a time when you least expected.

[Iamcrypticguy]

what do you think about AI Accuracy in trading ?

Whenever it comes to trading, I always tell people that I know in trading to focus on becoming independent traders on their own from daily practice and consistency with following up the market rather than planning to start trading depending on AI or bots to make your trading experience easier or better. AI or bots should not be depended on because they can also make errors that can lead to massive losses in trading by a trader whose entire dependence has been laid on it's use. You can still become a very profitable and successful trader from practice.

I totally agree with you that traders should not depend on AI and bot, it's better to learn from experience, improve on your skills and make your own decisions. Trading is hard and newbies can start practicing with demo trading while learning from professional mentors and improve themselves. Learn from your mistakes, don't be greedy and start trading with the amount that you can afford to loose. After practicing and gaining trading knowledge it's good to start trading independently without relying on artificial intelligence.

.but could bots integration make trading easier?? That's for someone who isn't a newbie though .

Hey guys...Futures trading has undergone a significant transformation, with technological advancements making the way for a more accessible and efficient experience. One notable development is the emergence of products that allow individuals to trade, copy trade, and bot trade futures contracts, such as those based on the DCMI30 index. These products have democratized futures trading, making it easier for a wider range of investors to participate in this market for me i think accuracy is around 90% success from my DYOR.

what do you think about AI Accuracy in trading ?

For AI accuracy trading,  considering the amount of data that the bot takes is very important but then again most bot trading products usually have statistics you can scroll through and decide if it's worth it or not. Besides those kind of products usually have benefits that follow like this. So it's all up to you

Just checked the link. this really explained some details about GMC130 index. Ermm Bitget is the first to introduce this concept right? Cos I've not seen it on other platforms like Bybit. And what's the difference between this and normal futures trading?.

[notMeNahh]

Hey guys...Futures trading has undergone a significant transformation, with technological advancements making the way for a more accessible and efficient experience. One notable development is the emergence of products that allow individuals to trade, copy trade, and bot trade futures contracts, such as those based on the DCMI30 index. These products have democratized futures trading, making it easier for a wider range of investors to participate in this market for me i think accuracy is around 90% success from my DYOR.

what do you think about AI Accuracy in trading ?

For AI accuracy trading,  considering the amount of data that the bot takes is very important but then again most bot trading products usually have statistics you can scroll through and decide if it's worth it or not. Besides those kind of products usually have benefits that follow like this. So it's all up to you

Just checked the link. this really explained some details about GMC130 index. Ermm Bitget is the first to introduce this concept right? Cos I've not seen it on other platforms like Bybit. And what's the difference between this and normal futures trading?.

I think they are actually the first to enable this GMC130 trading index. Also as for the difference between it and futures, the major difference is you'll be a able to trade the top 30 cryptocurrencies in one index and basically more simplicity

[retreat]

what do you think about AI Accuracy in trading ?

AI is not a brain that can think for itself, it is a program that can only analyze the information given to it and draw conclusions from it, so from that, what do I think about the accuracy of AI in trading? it depends on the accuracy of the information given to it, if the information is credible, reliable, real time + supported by a good algorithm, then the accuracy of AI should be quite good in trading.

[BitMaxz]

I don't think AI/Bot are accurate; it's all depends on your setup since it won't make any good profit alone without you setting it to the right setup.
And take note: trading with AI is pretty risky I don't know why you ask the accuracy of the AI or the bot if you just use the default setup, you don't know if it will give you a profit or not. Without knowledge of how to use them, you might lose the whole capital.

I suggest read the guide from Binance: https://academy.binance.com/en/articles/your-guide-to-binance-trading-bots

[JeffBrad12]

Unless there's extensive testing toward the accuracy, all will be empty speculation.
If the accuracy is so great, then it'd be a big thing already, since 90% accuracy means we can simply grow money by just letting the AI bot runs our trade, which i don't think there's any AI bot that can do that so far.
I've tried plenty of time using bots provided by exchange, they don't do really well, self trading still yields more profit.

so I guess the accuracy of the "real" AI bot currently available in the market, at best still 55-60%. but of course it's just raw speculation as well.