MIT Comp Scientist Predict Price of Bitcoin..Forex next?

Post by **SpiderX** » Thu Oct 23, 2014 5:20 am

MIT computer scientists can predict the price of Bitcoin

https://newsoffice.mit.edu/2014/mit-com ... ce-bitcoin

The paper of how they did it is available through a link in the article for those who wanna take a crack at it for Forex.

Cheers

dudest · Post by **dudest** » Thu Oct 23, 2014 8:07 am

SpiderX » Thu Oct 23, 2014 8:20 am wrote:MIT computer scientists can predict the price of Bitcoin

https://newsoffice.mit.edu/2014/mit-com ... ce-bitcoin

The paper of how they did it is available through a link in the article for those who wanna take a crack at it for Forex. 8-)

Cheers

Aaaah, the kind of stuff long weekends are made for...!

Goodstuff Spidey :)

dudest · Post by **dudest** » Thu Oct 23, 2014 8:11 am

Using a technique called “Bayesian regression,” they trained an algorithm to automatically identify patterns from the data, which they used to predict prices, and trade accordingly.

Actually, this is what Captain Jack has been saying all along; patterns repeat ( and have to repeat, coz no market is random, it is rigged from the get go )

Bayesian regression == math, shouldn't be a problem.

The part I'm worried about is "they trained an algorithm" --> Neural networks?, some form of A.I? (this is MIT after all... )

:)

Post by **SpiderX** » Thu Oct 23, 2014 8:21 am

There is no mention of Neural network in the paper, but it does say:
"To facilitate computation on single machine with 128G RAM with 32 cores, we clustered...."
Hope someone here is able to have access to this kinda of serious hardware.

Then again, with cloud computing and all, this probably is not too far out...

Cheers

Post by **Radar** » Sun Oct 26, 2014 12:37 am

FX@home?

Post by **beorne** » Sun Oct 26, 2014 1:46 am

Radar wrote:FX@home?

Ah yes, the search for the elusive green pips...

Post by **Radar** » Sun Oct 26, 2014 3:40 pm

beorne » Sun Oct 26, 2014 11:16 am wrote:
Radar wrote:FX@home?
Ah yes, the search for the elusive green pips...

Well, it's only a small step from a local cluster to distributed computing