Altcoins Talks - Cryptocurrency Forum

Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: jennysmith on December 23, 2019, 09:12:15 AM

Title: HOW AI IS BEING APPLIED WITHIN THE CRYPTOSPHERE
Post by: jennysmith on December 23, 2019, 09:12:15 AM

✅ There are a number of areas in which artificial technology is showing its worth when it comes to automated trading. One of these is high frequency trading (HFT) which relies on the analysis of technical indicators across multiple exchanges in order to respond to market-moving trades faster than the rest of the market.

✅ AI can also facilitate automated trading via API connected to leading exchanges. Traders can select indicators they wish the software to base its decision-making on, such as RSI and EMA, and the desired timeframe. The AI will then implement trades within these parameters. As time goes on, the AI's performance should improve as the dataset at its disposal increases.

✅ Artificial intelligence is not a panacea that can be liberally applied to every facet of the cryptocurrency industry, nor is it going to render the smartest human traders redundant overnight. Nevertheless, its invisible hand is already pulling strings within the sector, facilitating everything from faster order execution to detecting bots and scammers.

ElgalCoin's AI overlords are already.

Title: Re: HOW AI IS BEING APPLIED WITHIN THE CRYPTOSPHERE
Post by: Gosta on December 23, 2019, 04:16:44 PM

AI? Interesting, does ppl know what kind of AI we have right now?)