Letting Artificial Intelligence Control Your Investment Portfolio
8 months ago admin2 Comments Off on Letting Artificial Intelligence Control Your Investment Portfolio
Perhaps you’ve been in line at the market, and you choose the line to pay that is the shortest. But you realize that the other line is moving much faster. So you switch lines, hoping to save some time. Suddenly the customer at the front of your line gets into a fight with the cashier. You switch back, but now you’re two people further back in the line you originally started with. How in the world is it possible to pick the winner?
The same issues happen with investing. Sometimes it seems that your investment is the only red line on a chart of greens. You sell your position to switch to a new one that seems to be growing, only to suddenly watch that one drop as well. It seems impossible to pick a winner.
However, a new platform is applying advanced artificial intelligence (AI) to investing in order to produce the best possible solution for investment. The company, called Mirocana, has built a platform that creates simulations through AI, and then invests for you in the best possible performing simulation, highly increasing your chances at investment success.
How it works
The proprietary platform starts with raw data from a wide variety of sources. The data comes from news, articles, quotes and market data, and is input into the platform. From there, the data is assessed by a wide variety of trading strategies designed by the Mirocana team. Strategies are being considered and edited daily for accuracy and return.
After various simulations take the input predictions from all the available strategies, they use deep-learning neural nets to maximise profit and minimize risk. The best possible simulation from all potential options is chosen and implemented. The company has also created an automatic and fast-processing stop loss so that all products can be nearly instantaneously converted into cash in case of an emergency.
There are a number of features that are particularly helpful for investors within the platform. For starters, the system provides a variable risk assessment ratio. Investors are able to indicate a risk point and the system will provide the risk analysis to help give the investor clarity. Users are also able to track their investments through a proprietary interface.
Is it working?
The company has already built a fully functioning currency market that makes predictions on the 125 currency pairs that are currently traded on the OANDA trading brokerage. Users are able to set their desired rate of return, from 5% to 150%, though the higher the return, the more risks the system takes for you. This product is slated to be available January 1, 2018.
Two additional products are coming as well. First, Mirocana will offer a stock market built with the same AI considerations, allowing users to make similar investments. Additionally, a final product, dedicated to a unique set of 90 cryptocurrencies pairs that are listed on Bittrex and Poloniex will have access to the AI systems as well.
Mirocana is issuing MIRO coins to function as the internal cryptocurrency of the platform. For the first eight months, the company is giving services away for free in order to build trust with clients. After that window, the company will charge 25% of all profits made, but is also willing to pay 25% of all losses, sharing both risk and return.
In order to issue the MIRO coins, the company is planning a token sale. The process is already happening, and will close officially on December 19. Those wanting to use the AI computer system must register and purchase enough tokens to join the platform.
Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.