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Take me under your wing V2.0

Discussion in 'Beginner's Lounge' started by pearcey29, Nov 6, 2018.

  1. Ann

    Ann

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    Yes, I really should willoneau. One day! :)

    Yes after I said it I realised it would make no difference going long or short. What sort of indicators or signals do you use for an entry/exit?
     
  2. tech/a

    tech/a No Ordinary Duck

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    Price action / volume explosion / Range / volume withdrawal / blah blah.
    We are currently developing pattern recognition
    Using AI it’s suprising what an algorithm can find in a data set
    That we cannot see with the naked eye.

    And more
     
  3. Darc Knight

    Darc Knight Investor not Trader

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    Even with the basic understanding an Accounting degree gave me, I still felt the average person was pushing the proverbial uphill trying to compete with the big boys, thus I went into Index Funds. Think I'll dust off the textbooks (or buy newer ones) and try this Voodoo you guys do!
     
    luutzu likes this.
  4. luutzu

    luutzu

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    Yea, AI is getting pretty damn amazing.

    Just uploaded a couple YouTube videos and the damn thing recognised that I bootlegged other people's music. Which is fine as long as others get the revenue from the ads. But man, pretty impressive how they could detect that so quickly.

    You've probably heard of Ed Thorp Tech? He's the godfather of these trading things, developed his own system and did incredibly well.

    From the little I read of him so far, seem his genius lies in not just the system but also knowing the underlying assumptions behind them so that he can personally intervene when the system and the new reality doesn't fit anymore.

    From that same book, it seem that some traders at the big firms fail to recognise that their system is not all truth and all powerful all of the time. So they develop a model that might have worked under x, y, z assumptions... but the new black swan throw a wrench in it and those who use it without realising the ifs and why, just go along thinking it's all great like before.

    Our late Pixel, rest in peace sir, was a mathematician and programmer. Quite impressive crowd this forum has.
     
  5. tech/a

    tech/a No Ordinary Duck

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    Thorp is a genius.

    However the whole AI area has exploded beyond belief.
    The most exciting and diverse area you can possibly NOT imagine.
    I'm the money guy in this pursuit but I can tell you I'm seeing stuff
    and being introduced to possibilities I cant even begin to explain.
    The wheel is re inventing itself.

    Amazing, Exciting, Ground breaking.
    Available.
     
    Last edited: Nov 9, 2018
    luutzu likes this.
  6. fiftyeight

    fiftyeight

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    Available if you have a son who has a PhD in Physics (I think) and can code haha
     
  7. tech/a

    tech/a No Ordinary Duck

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    Patience
     
  8. Ann

    Ann

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    You are using a computer program to make all the trading decisions or am I misunderstanding you? If so how is that working out for you?
     
  9. tech/a

    tech/a No Ordinary Duck

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    We are currently working on data analysis
    And AI. There isn’t anything in the market which
    Is all collated in one place which can deliver the
    Necessary metrics for traders to be confident in their
    Methodology. Boxed programs like Amibroker fall very
    Short. Once you have this AI can be developed.

    This has been many years in the making and when your
    Working with perfectionists in correct and meaningful
    Data analysis it takes time. I understand this.
     
  10. barney

    barney

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    Tech .. as you would know there are a lot of others pursuing this line of thinking, and well done if you believe you may have found an additional edge in it's application …

    Genuine question, as I know you have been a long time profitable trader …

    If you and your Son were able to generate an apparent edge in this field, would you …

    a) Trade the crap out of it … or
    b) Commercialise the findings …. and try and profit from the analysis … or
    c) Do a) first, then b);):D
     
  11. ducati916

    ducati916

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    First, an 'algorithm' is not AI.

    Second, given that the market is a non-linear random walk, does it really matter that in any given data set the algorithm can 'see' [to the eye] an invisible pattern?

    Third, how important is the calculation of probability to the algorithm?

    jog on
    duc
     
  12. Ann

    Ann

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    I am going to have a week off work shortly, which demo account would you suggest willoneau?
     
  13. luutzu

    luutzu

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    I thought they're basically the same. But would "algorithmS" be?

    I have to look this up as I always assumed that they're basically the same thing, just that AI is a kind of master algorithm with a bunch of if statements, loops etc., all directing to various other algorithms to solve a problem based on certain inputs.

    https://www.quora.com/What-is-the-difference-between-AI-and-Algorithm
     
  14. ducati916

    ducati916

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    That is much closer to the reality, there will be thousands if not hundreds of thousands of algorithms involved in certain areas of AI. They are necessary but not sufficient.

    https://en.wikipedia.org/wiki/Artificial_intelligence#Reasoning,_problem_solving

    But actually that's not my primary objection. My primary objection is that unless the AI developed can accurately predict the future, then apart from [potentially] reacting faster to micro-data intra-day and attaching probabilities to it, it does nothing new.

    jog on
    duc
     
    willy1111 and luutzu like this.
  15. tech/a

    tech/a No Ordinary Duck

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    Barney

    Both
    Uqant is coming

    Duc
    I’m the money guy
     
  16. ducati916

    ducati916

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    Indeed. Hopefully it returns you even more money.

    jog on
    duc
     
  17. barney

    barney

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    Cheers ….. Exciting times for you and the young fella:cool:
     
  18. tech/a

    tech/a No Ordinary Duck

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    For everyone Barney
    The journey will be available
    To those who wish to become educated
    It already is. The problem is that it is spread
    Widely over many experts. Soon a great deal will
    Be collated into one area and made understandable
    To people like you and I,along with the many who are
    Well in front of us.

    Data analysis as we know it on the level we know it
    Will become obsolete.
    It’s time to move to the next level.
     
    barney and $20shoes like this.
  19. willoneau

    willoneau

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    Indicators or signal type doesn't matter as long as it has positive expectency
     
  20. willoneau

    willoneau

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    Tech/a I believe that when a lot of people start using AI to trade the market they will eventually start cancelling out each other . There needs to be imbalance in the market for it to move, just my thoughts .
     
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