Back in the day (2005) ElectricSavant asked me what effect I thought artificial intelligence would have on forex. At the time I didn't really have an opinion.
Today is a different story. I am completing a M.S. in Computer Science, and just read an article about Grid Computing. It appears that Morgan Stanley is creating a huge grid for sharing algorithms, etc.
The article really got me thinking. Part of me thinks the markets will never change, because they are dominated by
a) bank investements based strictly on fundamentals
b) stop hunting (at least according to the sticky in the broker section)
Who's to say that human traders on the desks won't be replaced by software. Afterall, it is just one big chess match. Is my software smarter than yours? The behavior of Bazian networks, neural networks, and Random Forest Trees is smarter than a puny human brain.
My biggest fear is that:
PRICE ACTION PATTERNS WILL BE ALTERED.
I am hoping that they are not, as my business model is based on them. ---
Today is a different story. I am completing a M.S. in Computer Science, and just read an article about Grid Computing. It appears that Morgan Stanley is creating a huge grid for sharing algorithms, etc.
The article really got me thinking. Part of me thinks the markets will never change, because they are dominated by
a) bank investements based strictly on fundamentals
b) stop hunting (at least according to the sticky in the broker section)
Who's to say that human traders on the desks won't be replaced by software. Afterall, it is just one big chess match. Is my software smarter than yours? The behavior of Bazian networks, neural networks, and Random Forest Trees is smarter than a puny human brain.
My biggest fear is that:
PRICE ACTION PATTERNS WILL BE ALTERED.
I am hoping that they are not, as my business model is based on them. ---