[D0T]

I’ve noticed some brokers are now offering ‘AI Trading’. You can see in my Pocket Option platform there’s now this tool, and if I click it, it “will determine the direction and expiration time based on signals, technical analysis and the experience of our traders.”

I am obviously dubious. Have any traders here tried these AI trading tools? Do they work? Or we do think they’re a gimmick?

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[Steve]

Good question – I would love to know the answer to this. Is it just a buzzword and marketing spin when these trading platforms say they have ‘AI-powered tools’? I saw in CMC Markets’ platform they’ve introduced ‘AI News’ – it’s not direct trading but is it the direction the industry is going?

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[D0T]

It seems to be my friend. I bet there is potential there but you just know every firm is going to want to add some sort of feature that says “AI” in it, regardless of whether it works or not so they don’t get left behind.

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[Dino]

I ain’t used it myself pal but check I’d have a read of the link below I found on it. It’s pretty long but some interesting stuff in there you should know before trying it, including:

• It CLAIMS a 52-68% win rate with high variability.
• Accuracy can vary significantly based on asset and market volatility (check out the table in the link).
• You’ve got challenges like algorithm adaption lag, tech limitations and over-optimization.
• “The technology behind Pocket Option’s AI trading incorporates multiple technical indicators, sentiment analysis, and mathematical models to formulate trading decisions.”

I’m the same as you, I’m naturally cynical about AI trading tools. IF you do try it, I’d start with a small amount to test the waters. Pls post the results on here.

https://pocketoption.com/blog/en/post/does-pocket-option-ai-trading-work

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[D0T]

Nice find, thank you my friend.

I just read it all. Some persuasive marketing although I’d like to understand the “technical indicators, sentiment analysis, and mathematical models” it uses in more detail.

I might test it with a small amount of cash. If I do I’ll give you a holla with how I get on.

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[Nigel Rowan]

Absolutely not. AI trading tools are nothing more than a flashy gimmick. If an AI system really could consistently beat the market, do you think it would on sale to the public for however much each month? Of course not. The people truly making money off these AI day trading tools are the ones selling them – not using them. Wake up people.

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[Author]

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