How Machine Learning/AI Traders Beats Retail Traders with Example Strategy for Beginners
HTML-код
- Опубликовано: 24 апр 2024
- In this video we will discuss how traders who use machine learning strategies will outperform the retail traders in future. We will also explain how to create a machine e learning strategy right from scratch.
The entire code is only available for our Prometheus students and can be found in the Strategies and Code section
www.quantprogram.com/store
We are thinking of creating a course purely focussing on Machine Learning and AI based trading strategies. We will only launch it if there is substantial interest as it takes lot of work to create one. Let us know if you are interested through the link below
www.quantprogram.com/MLCourse...
Our Course's
www.quantprogram.com/store
Full Beginner Tutorial for Tradingview Pinecript: • Tradingview Pinescript...
RSI Strategy Backtested Pinescript: • RSI Strategy Backteste...
Backtesting Pullback Strategy Pinecript: • Pullback Strategy Back...
Stan Weinstein Strategy Pinecript code: • Stan Weinstein's Tradi...
Create Stop Loss Take Profit Code: • Create Stop Loss and T...
Creating Trailing stop Loss in Tradingview Pinescript: • Trailing Stop Loss Cod...
RSI divergence V4 Pinescript code: • RSI Divergence Pinescr...
Donchian Breakout Pinescript Code: • Donchian Channel Break...
Inside day Strategy Pinescript Code: • Backtesting Inside da...
Bullish Engulfing Strategy Pinescript Code: • BACKTESTING Candlestic...
www.quantprogram.com/RSI_Dive...
If you enjoy our teaching approach, we're considering developing a course dedicated purely to Machine Learning and AI-based trading strategies. We'll only move forward with creating this course if there's significant interest, as it requires a lot of effort and time to create it. If you're interested, please let us know by registering your interest found in the link in the description box. Thank you for watching!
Yes please, I and couple of trading buddies are interested. We can venture out if you can give us a good foundation and /or foothold. This approach is quite difficult to get into, may not be for you, is for us.
I would be 100% interested if the course was based on Futures (NQ, ES, GC, CL, etc) DAY TRADING along with using Prop Firms when automating (as well as using Brokers like AMP or other).
Heck, I'd buy it this very moment if it was available since it doesn't exit! (I did sign up via the link in your description box BTW). There are already some courses out there - but they're for Forex, Options or Stocks. NONE for Futures only!!! This would be unique. Once ready, you could promote it at places like TopStep or other for a whole audience that would be foaming at the mouth to have a course like this for Futures Day Trading (as opposed to just downloading daily historical from Yahoo - which is a joke). If you could teach in your new course how to get the historical data from the broker (programmatically), for example in different TimeFrames to run through ML and determine which has the highest success rate - this would also be unique. Everybody and their mother is using Yahoo as an example of analyzing data. Ridiculous.
I do recommend creating for beginners to Pro. Just saying "Here we use Regression" isn't helpful to those who don't even know what that is ;)
One last recommendation - be available for student questions. Most teachers think they're so amazing that what they said was perfectly clear (to themselves, of course) LOL. But most teachers don't remember what it was like when first learning and skip CRUCIAL pieces of information. Which all this is fine as long as the teacher is available to answer every question students have via email, Discord, etc. But NOT rely on other students answering peer students' questions. I never understood why teachers are OK with the blind leading the blind. HAHA
Hoping you put this course together with these suggestions! I have my CC already in my hand LOL
It depends, if the price is great, definitely can promise atleast 10 people including me from my side. Something like this is really important, but the price point of each course already available is very high for India like countries.
Ai trading course would be amazing, exactly what I'm looking for!
great for getting better understanding of overall process
Why wouldn't a bank put a group of bad day traders in an office and then do the opposite of their trades?
because they already have the data of all the bad traders out there.
They do..every thing the bad traders buy the banks sell.. everything the bad traders sell they buy
loved this video, thanks for sharing
Thanks for watching!
Thanks for the video! AI in trading is, at to some degree already present for some years. Look at programs like NeuroShell and others who already did strategy optimization using genetic algorithms and backpropagation neural networks. However with singularity we are facing now, allows more powerful tools. I dont think manual traders will be obsolete, for instance I love to manually trade, to be in control and feel the flow with the market but, as trading is a bit like an art, it cen become quite indiviual and singular. I believe the main challenge for machines now is avoid those colossal drawdowns (20%, etc..) and survive long term in this hyper complex / fractalized maket.
Thanks for watching mate. I agree to your point. i personally enjoy doing manual execution as well. Especially in my value investing based trades. From a a pure personal joy it is extremely satisfying and thrilling to do manual trades but there in comes other issues like fear and FOMO and overconfidence etc.I think eventually as people learn more and it becomes more easier to implement these ml algo models easily for retail traders more will transition. 5 years ago i couldn't imagine doing all these ml models with so little code and at this price. As time goes by it will get cheaper and more convenient to implement algotrading with ml
@@quantprogram Please do a ChatGpt/Ai trading course. Soon! 🏆🦾
Always the best content . wish u a great day .Thanks a lot
Thank you! You too!
To the point. ❤
Amazing video. Learned a lot of new things.
👏
Glad you liked it!
Im interested!
Yessss highly interested in doing this course, and we appreciate your efforts ❤
Kindly make a complete course for the same
Thank you ☺️
Thanks for watching
Amazing video. Can you please teach how to make a trading bot for Quotex, Pocket Options?
Course sounds good
Thanks for the videos! I have math degree, and I have some experience in coding but it was years ago (C++). I trade now manually (as you mentioned using patterns etc). Now, I want to break into this field of automated trading based on machine learning or whatever technique. I just need some training in modern tools available now that you just described (programs that pull data together, code your idea, testing, link with my broker, etc). Could you create a simple course which explains how I can go from trading idea to its automation in a simple way just using my PC ?
My background was also in C++ back in 2007 period. Python will be a piece of cake for you . So i doubt it will be difficult for you to learn. The execution was the hard part in past few years. But now with quanctonnect and its integration with python and many famous brokers it has become easier. Because of your math background i really think you could pull off ml/ai trading much easier than many
always wanted a bot that could do options for me wonder if it could do that too
Nice video ❤
Glad you liked it
All videos are very nice
This is a dream come true
Is there a discount code I can use when buying the course
Is it posible to do an AI for SMC strategies. SMC involves experience and discretion so I dont know of it is possible
Could you also use Level 2 footprint (bid ask) data. It would be great to see a demonstration of how this is achieved. Thank you
there is lots of alpha and ideas that can be generated but It is not practical for retail traders. like for instance the data can be expensive, level 2 data is like million of data in just 1 day. as in the order book the bids and offers keep on changing, then there is market orders . for all these data you will have storage issues. Now if you want train all this data for a ml model then youll need a lot of computational power. Now to obtain all this data alone will be significantly expensive let alone working with computational power and storage. Not to mention the work involved in just cleaning the data
Some people have come with simple non ml models like see whether the bids is higher or offers is higher currently or buy market orders is higher rectly or even footprint charts and work form there discretional trading style. eg jigsaw trading. But from a ml/ai side its not that easy due to reasons above.
I'm pretty sure many of the quant funds who are in high frequency trading/market making are doing it but they have a lot of financial power to buy all this systems and quants not to mention the tech infrastructure. For retail traders, i doubt there will be an easy solution to apply level 2 to ml and ai at least any time soon. Maybe in the next couple of years, if we do get any of these to be cheaper then yes
Very inspiring video! Though I suspect that stellar results on the test set mostly come from the fact that you are exploiting the data leak. quantiles that you use to open positions are calculated using the future data (of the entire test set). In real trading, you don't know upfront what will the quantiles of the future predictions spanning years ahead be. Also, it's a good practice to turn any duplicated code into a procedure to reduce possible copy-paste errors and easу maintainability. Good candidate for that here is the featurization code. Also, best practice for combining preprocessing with models is to use pipelines. Plus, PCA needs prior data normalization, therefore, optimal way would be make_pipeline(StandardScaler(),PCA(),your_model). Another necessary step is comparing your model with a dummy model (DummyRegressor in this case) and checking whether your model is having a real gain over random guessing.
Thanks for watching. The testing data and training data are completely separate. Quantile calculations are also separate. I can confirm that there has been no data leaks. You can go through the code and run it yourself to confirm the same.
If we were actually able to build something like this, could we not package it and sell it as a product? Or is this only for personal use? I love this though, I am avid about AI and ML and this looks like a fascinating project. I worry about my math and coding skills, but intend on using any and all resources available to pull this off. You are a great teacher. Thanks for making it understandable
You can. But every trader will want their own input variables. Here we used rsi. I might prefer using volume or obv or add or even another index or interest rates . I might also want training data to be different. Instead of pca some other statistical model could be used. There are many combination so then the package will be different
Hi, how old are these strategies and the backtesting that has been done as part of your course ? is it recent or from a few years ago ?
The machine learning/ai course is yet to be released. It will only be created if there is sufficient demand as stated in the video.
@@quantprogram No I mean the prometheus course
The course was officially released 3 years ago with 5 strategies. Now there is 13 which has been released during regular intervals including this one which was just released this week. Note that the course is not about the strategies. The goal of the course is to teach you skills to become a full time quantitative and algorithmic trader. The strategies serve as a foundation for you to create your own strategies which are even better than those. Please contact our email that can be found in the about page for further details
i have few ideas and some found edges but ive done this study manually and it is tiring, i need to learn python to convert my ideas into code
Hi, I am kind weak on the Algo side. I know how to script in python. Maybe we can team up who knows
Please does this automated trading strategies work on crypto market as well as synthetic indices?
And what about trading the news too. Let's say NFP would this automated algorithmic trading work?
Could you create a video, on how to learn about algorithmic trading from your youtube channel/ other resources, whichever you feel is great. That actually can help us a lot , as beginners Mostly face this as the biggest issue. Also i feel that can increase the traffic.
It’s already there in our channel as showed in the video. It’s a 3 hour full tutorial on algorithmic trading in python created for beginners and another 1.30hr tutorial on quantconnect which focuses on execution.
@@quantprogram so those two video summarizes all the skills required?
It’s not a summary. It teaches the viewers the necessary coding skills in python and quantconnect. This should equip you to get the foundation to learn further. Algorithmic/quantitative trading field is ever evolving. There are new updates everyday. Now with ml/ai it’s changing everything. Summarizing won’t be enough
@@quantprogram Thanks a lottt then❤️
@@jotiradityabanerjee2698 You're welcome mate
Two questions.
1. I know ML ,AI should i go for prometheus or wait for your ML,AI course
2. If i chose prometheus. All stuff is included in that or i have to do other two as well ?
Know about all the things you told in the video and was on the way towards learning that but i think choosing your course will help me save time towards learning that as you’ve already gone through that stuff.
Answers below.
1. It’s up to you. If you purely want something that focuses on ml or ai based trading content. Then it’s better off to wait for the ai course. But if you want something that’s purely quantitative trading ie using normal quant models using optimization, forward test, Monte Carlo etc ie excluding ml/ai then Prometheus should suffice. This strategy codes is also included in prometheus.
2. If you choose Prometheus which I personally don’t think you should as you’re expecting ml or ai content, you will get a discount when the new course get released. The Prometheus wont contain the codes or contents of the new ml ai course when and if it gets released.
Just one more thing as stated in the video. It is lot of work creating content especially ml content as we will have to break down the math into simple explainable terms just as we did in the video. So the time to create that course might take a while. There is no specific schedule decided.
@@quantprogram True that good things take time, but I request you to do it. anyway, thanks for your honest reply. I'll sign up for your Prometheus course until you work on it not because of the strategy or money but because of the knowledge I'll get, for a bigger all-round picture. Hope it meets the expectation 😊
Hmm doesn't have high alpha
Nice code but pd is so slow
By pd do you mean pandas dataframe or was it something else?
@@quantprogram yes, do not use it
why you put messi in video instead of cr7
Lol. Will do next time for sure
1 week to be proficient in python? 😂😂 you think everyone is Einstein??
Einstein was a physicist not a coder 🤣. Python is the easiest programming language out there. Anybody who puts in an effort can easily learn it. Yes and that too in just 1 week. This is not C++. And you dont have to oearn everything like web development or flask . All you need is th emsot important things neccesarry to get you started in trading and finance. However for people who dont put in the effort, I dont know,
I don't know how to code. But GPT4 does. 👌
always going to have winners and losers