Australian (ASX) Stock Market Forum

Take me under your wing V2.0

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willoneau said:
Ann commodities, futures and fx arn't like stocks, have a go with a demo account and see how you do?
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Yes, I really should willoneau. One day! :)

tech/a said:
Always the same.
Trade long and short.
Only trade for a couple of hrs
A couple of days a week
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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?
 
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
 
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!
 
tech/a said:
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
Click to expand...

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.
 
luutzu said:
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.
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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.
 
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tech/a said:
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.
Click to expand...

Available if you have a son who has a PhD in Physics (I think) and can code haha
 
tech/a said:
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
Click to expand...

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?
 
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.
 
tech/a said:
We are currently working on data analysis
And AI.
Click to expand...

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
 
tech/a said:
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.
Click to expand...

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
 
ducati916 said:
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
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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
 
luutzu said:
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
Click to expand...

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
 
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.
 
Ann said:
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?
Click to expand...
Indicators or signal type doesn't matter as long as it has positive expectency
 
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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