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 Would you use an artificial neural network for forex trading? - Euask.com

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Would you use an artificial neural network for forex trading? 5
Created by neuropatch, 920 days ago, 919 views

Would you use an artificial neural network for forex trading? If not, then, for whatever reason, do not use artificial neural networks in the forex market?
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√ Best Answer

1

marketsgolabl920 days ago

Modern techniques like artificial neural networks (ANN) are best used for high frequency trading for several reasons. First, they mimic human intelligence but they mostly don’t reach a human’s level of intelligence, therefore, there is no point in using those techniques on a time scale at which a human could easily be working. Their advantage comes from speed of operation and constant activity.

Second, we need a lot of data to train neural networks efficiently and this amount of data will only be found in high frequency trading. Forex has all in all quite few instruments with limited relevant past data on the daily or weekly time-scale.
Furthermore, High frequency trading is a type of scalping strategy where we identify noise around the true value of the instrument. This is different from long-term trading that attempts to follow meaningful movements of the instrument according to fundamental analysis.

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2

CoolCat920 days ago

It could be used for the additional analysis, the crucial decision should be taken based on trader's personal experience.

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3

anhot664 days ago

Agree that high frequency trading is a type of scalping strategy where we identify noise around the true value of the instrument.

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4

ashleysummer657 days ago

I've been currently trading by using the forex MT4 trading platform from http://www.portexmarkets.com/trading-platforms/portex-mt4/. It enables me to use full charting capabilities.

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