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Writer's pictureSarah Dixon

New AI Trading Bot: "AI to Replace Traders"


New AI Trading Bot: "AI to Replace Traders"
New AI Trading Bot: "AI to Replace Traders"

MensAi, an AI trading specialist, has introduced a new paradigm in the trading field by utilizing AI to place orders at the optimal price without preset prices. The capabilities of AI will be leveraged to consider factors such as information processing time to achieve this goal. New AI Trading Bot: "AI to Replace Traders"


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The AI trading bot named "MensAi Bot" was recently launched, and some believe that it will eventually replace human traders in the securities and cryptocurrency markets. MensAi Bot is an automatic bot that operates on data from the global cryptocurrency exchange "OKX Exchange" and has undergone AI training led by experts from various global corporations. It specializes in portfolio tracking, management, and trade performance analysis. Additionally, it can autonomously select coins, making it more advanced than traditional trading bots. Its key feature is its expertise in machine learning AI for perpetual swaps, allowing it to perform both long and short trades. Its strength lies in conservative asset management, ensuring profitability while safeguarding investors' assets. As a result, it has been highly regarded as a valuable bot for novice investors. MensAi Bot performs specialized functions based on the vast big data of the exchange, including backtesting and paper trading using indicators and tools. With the launch of MensAi Bot, MensAi emphasized the increasing role of AI in the virtual asset investment sector. The utilization of traditional trading bot functions, which were previously limited to use by a few financial institutions and experts, continues to advance, and individual investors are increasingly utilizing them. According to an official from MensAi, this trend is expected to continue.

"Unlike conventional programs that automatically buy and sell at specific preset prices, AI has no predefined prices." They added, "The key is for AI to capture real-time fluctuations in the stocks or coins that need to be traded and place orders when it determines the optimal price." In essence, AI-based trading involves no preset prices and continually monitors market fluctuations to maximize investor convenience by placing orders at the best price or profit potential.

MensAi has stated that their trading bot is suitable for beginners as it executes buy and sell actions based on well-known and reliable indicators. These indicators include MACD, moving averages, the golden cross, RSI, and Bollinger Bands. MensAi has provided evidence to support their claims, stating that AI trading bots outperform conventional programs over the long term, with a potential difference in profits of 5 to 13 basis points (bps). This can translate to significant amounts due to the large order volume in real performance. MensAi has expressed optimism regarding the potential of AI in trading.

"Ultimately, AI is highly likely to surpass human capabilities in finding patterns in data and identifying trading opportunities. However, while humans will still be needed for decision-making in new environments or understanding the context of information, AI is already making a difference when considering factors like information processing time." They added, "Though individual trader performance may vary, comparing human and AI trading skills are incomparable. It's similar to the situation when cars were invented, but some people still continued using horse-drawn carriages."

About MensAi

To learn more about MensAi and its innovative features, visit our website to connect with our community and stay updated on the latest developments.


Disclaimer: This is a paid release that was not written by Crypto Online News. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Crypto Online News. Crypto Online News does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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