Modern times require modern solutions. In 2023, the whole world was taken by storm after OpenAI’s ChatGPT became the fastest app to reach 1 million downloads. It seems that the world was ushered in a new era of exciting opportunities and artificial intelligence craze. A year later, we are starting to see where this new technology was overhyped and where we found an incredible potential.
Expert AI systems can be extremely useful in areas where quantitative analysis and pattern recognition are most important. Incidentally, the world of finance is a perfect environment for these systems to shine. Many companies including the WunderTrading platform are rolling out new features that incorporate AI crypto signals and other products based on advanced machine learning.
Let’s talk about AI-powered trading as envisioned by the team behind WunderTrading and how this new product will change the way we employ machine learning in finances and manage assets.
Using artificial intelligence to analyze markets
The idea of using fully automated trading signals produced by an artificial intelligence is not a new one. In 1944, mathematician John von Neumann and financier Oskar Morgenstern published a peculiar research paper on the topic of game theory in which they argued that AI will be instrumental in leading our species into a new era of economics ruled by cold-hearted calculations to benefit us all.
It took us more than half a century to arrive at the point where some of their hopes and concerns are materializing into a tangible thing. Algorithmic crypto signals do not seem alien to us. On the contrary, we have been expecting a breakthrough like this one to give us an ultimate tool to improve our investment game.
The new product by WunderTrading is not just a computer program that produces accurate crypto signals and allows traders to use them manually. It is a complex expert AI system that can manage large portfolios and analyze compositions of assets to identify the best way to rebalance it to avoid risks associated with general market volatility.
It is possible to create a product like this thanks to advanced machine learning algorithms that take into consideration various types of data including:
- Market history with prices and trading volumes;
- The current data from multiple sources;
- Additional data adjacent to the world of finance.
Huge volumes of information are fed to machine learning algorithms that try to find patterns and rules that are invisible to humans. It is quite hard to understand how they work. Even creators struggle to identify different components of their systems and how they interact with each other to produce outputs. However, we can test these systems in real time and see how they perform.
The AI-assisted statistical arbitrage bot proved that expert artificial intelligence systems are capable of producing profitable crypto signals. Their outputs may feel quite useless to humans trying to read and comprehend them, but they work for bots and somehow manage to lead them to profitability against all odds.
Note that this product is still in its early stages. It will take several iterations until it works perfectly. Right now, you can test it and see that it works quite well despite some temporary setbacks here and there. The system produces reliable crypto signals and produces profits with an impressive level of consistency.
Alternative sources of crypto trade alerts generated with AI
WunderTrading is all for collaborations within the industry. Many companies started rolling out their products for AI-powered technical analysis signals. It is possible to use them to manually trigger bots created on the platform. Right now, the company is working toward identifying trustworthy suppliers of trading signals that can be recommended to users in case clients show interest in using third-party signals for their bots.
Many companies including the likes of CoinScreener and Sygnal are venturing into the domain of artificial intelligence and building unique machine learning algorithms to create a system capable of predicting trends and providing sentiment analysis signals for people who want to open short-term and mid-term market positions.
These signals are suitable for manual trading only. However, this particular issue is temporary. We believe that the market will shift its attention to contemporary analytical instruments with heavy use of expert AI systems. Regardless of where the technology is at right now, it will be the main driving force of change in the trading automation industry.
The future of AI in trading automation
Here are reasons why you should keep an eye on the advancements in the world of AI if you are interested in automated crypto trading:
- Fundamental analysis signals are quite slow and don’t work for the world of crypto where most assets are speculative and can be analyzed only with technical analysis tools. Since many TA specialists will start using AI to identify good trading opportunities, it is hugely important for all retail traders to learn more about new AI-driven analytical instruments.
- Research and development in the AI sector are speeding up. With many tech companies heavily investing in everything related to AI like GPU-centric equipment, trained specialists, new intellectual property, etc., it will be harder and harder to stay informed and learn retrospectively. It is better to start right now.
- AI-assisted statistical arbitrage is only the first step toward a massive AI-driven revolution. WunderTrading efforts to create a powerful machine learning algorithm capable of producing expert artificial intelligence systems that will produce excellent crypto trade alerts will pay off massively in the near future. You should be ready to start using new exciting products to stay ahead of the competition.
- The emergence of new features. One of the most interesting things about new ML algorithms is that they sometimes produce unintended functionality and abilities that were not even considered possible by developers. If something like that will suddenly appear, you should be ready to take advantage of new powerful tools with extended functionality.
Use AI-powered trading tools right now
It is important to familiarize yourself with new instruments powered by artificial intelligence. We strongly believe that these new products will change the way we see asset management, high-frequency trading, and many other branches of financial markets and trading.