Earlier quoted context omitted.
Mind sharing so I don’t use them then?
financialmodelingprep
I searched for this comment. I was looking at the metrics and thought, "yep, that's what they're using." I like the presentation of the site.
Created a free website that simplifies stock analysis
51–60 of 90 posts
Re: Created a free website that simplifies stock analysis
#52What signals is the AI bot using? Just a mix of the TA indicators? I ask because price forecasting is a data modeling problem, and I'm skeptical of the bot's listed win rates. Unless one knows how their signals work (i.e. what real world market phenomenon you are modeling), there's no way one should trust that edge. Separately, if you breakdown other indicators like CCI you realize they are crappier versions of basic…
I am trying to build a robust and reliable open-source model for the AI Bot. The challenges that you are mentioned are definitely one of the biggest problems.
However, I think we have to reformulate the question. Instead of maximizing the win rate (which relies on forecasting the future price) the real task would be minimizing risk (which does not rely on forecasting the future price instead adapting to the new environment).
Re: Created a free website that simplifies stock analysis
#53Hey I'm just shocked and excited that someone from the neighborhood has started such an awesome project which I also had in mind.
I also wanted to work with a friend to develop a robo advisor, I'm also new to the subject but I already have a bit of data science and machine learning experience. I will have a look at your website later and give you feedback. great happening!
generated by DeepL, if you know what I mean :D reference to the same neighborhood
Re: Created a free website that simplifies stock analysis
#54Last time I tried building a software around stocks, the major pain I had was the lack of affordable APIs that would give quotes in almost real time.
Almost all APIs I checked had a significant pricing. I'm wondering where does this website takes the data from and what's the price for it.
Re: Created a free website that simplifies stock analysis
#55Did you roll your own trading bot? What kind of trading strategies is it using to give buy/sell signals?
Re: Created a free website that simplifies stock analysis
#56Last time I tried building a software around stocks, the major pain I had was the lack of affordable APIs that would give quotes in almost real time. Almost all APIs I checked had a significant pricing. I'm wondering where does this website takes the data from and what's the price for it.
Yep this is one of the biggest bottlenecks for this solo project.
I get my data from Financialmodelingprep which I do not recommend because of the recent price increase.
But i gotta pay those bills to make a really good website for my users
Re: Created a free website that simplifies stock analysis
#57Impressive compilation of data, a nice UI, and even a custom forum section? This is all really great stuff! How long did it take you, and what’s your end game with the site?
Thanks you very much. I started to learn webdev a couple of months ago and I thought "learning by doing" so I started to code this website for fun and as a new challenge for me to learn new skillsets. The endgame of the site would be to help the poor/middle class in the stock market to actually make some profitable trades with the help of simple signals backed by statistics. A nice community where we can laugh and sh…
> help the poor/middle class in the stock market to actually make some profitable trades with the help of simple signals backed by statistic
The poor/middle class are more likely to be pissed off at you when they discover, like you will, that throwing a kitchen-sink full of data at an algorithm is no substitute for hard manual work researching stocks.
You're not the first to have this amazing idea, you won't be the last. AI stock-selection is the new TA, back in the 90's everyone thought TA was the best thing since sliced bread and reading tea-leaves on a chart would magically give you the right selections. Throwing AI is simply nothing more than that.
I've seen the $$$$ commercial versions of what you're offering, they're all as bad as each other.
Hell, the financial vendors (Bloomberg etc.) give such functionality away free with a subscription because they know its a marketing gimmick that nobody uses seriously.
Researching stocks is hard work. You need to know the company, you need to know the sector. And that's before we start taking individual elements into account such as whether the investment is even appropriate for the individual, for example one of your "poor/middle class" would be making a grave mistake by "investing" in some illiquid penny stock even if your AI algorithm was insisting it was the next big thing.
That's the problem with AI. Its very good at sounding very confident about stuff whilst being completely wrong at the same time.
Re: Created a free website that simplifies stock analysis
#58What signals is the AI bot using? Just a mix of the TA indicators? I ask because price forecasting is a data modeling problem, and I'm skeptical of the bot's listed win rates. Unless one knows how their signals work (i.e. what real world market phenomenon you are modeling), there's no way one should trust that edge. Separately, if you breakdown other indicators like CCI you realize they are crappier versions of basic…
Yes TA indicators a part of the feature vector space. However, so far the model uses 200+ features where I pick the best 10 features that correlates the most with the target goal. In the next version of the model I use more sophisticated features and architecture of the model to increase the win rate and minimize the loss.
Are you training a single model that's supposed to represent the entire market?
Re: Created a free website that simplifies stock analysis
#59Earlier quoted context omitted.
> help the poor/middle class in the stock market to actually make some profitable trades This is great spirit, but the lower class would probably be better suited for simple index funds. Not that they don't deserve the possibility of higher returns from individual stocks, but it takes quite a bit of time doing proper research to find alpha. It would be a better use of time earning more money or learning about general…
> This is great spirit, but the lower class would probably be better suited for simple index funds. I fully understand you. However, I strongly believe to beat the system where the rich people are flourishing too much and the poor are getting poorer everyday due to inflation, there must be some way to stop it. Maybe AGI? In the meantime I will do everything I can to serve the poor/middle class to survive on better te…
> I strongly believe to beat the system where the rich people are flourishing too much and the poor are getting poorer everyday due to inflation
You are digging yourself rapidly into a hole, please stop digging.
The rich manage their money through capital preservation, investing for income not aggressive growth.
Meanwhile you are promoting an aggressive growth strategy to the very people who cannot afford it. It will only end in tears.
"Never invest more than you can afford to loose" - the very first rule in the book.
Yes, of course I agree the poor need to move higher up the ladder. But aggressive, high-risk growth punting on the stockmarkets is NOT the way to do it. Higher minimum wage, ending zero-hours contracts etc. .... that is the way to do it.
Re: Created a free website that simplifies stock analysis
#60Earlier quoted context omitted.
I'm not sure myself if this feature exist somewhere for free. However, it sounds very straightforward. I will add the feature to my website. Should be online by tomorrow!
Valuations are straightforward in a world without corporate actions like splits, consols, dividends etc. Most (all?) data providers rerate historical prices after corporate actions that affect prices and this is not really the correct way to do continuous valuations using the restated prices.
True,
I forgot about the splits. But i still believe building a first version where the split is included is a good start for this feature.
Later on we can add more advance features where we can turn on/off the split