FXStreet, in partnership with Qubitia Solutions, has created a news feed made by a robot. Yes, a robot does actually writes news pieces.
Here is an example of news that our bot wrote earlier today:
http://www.fxstreet.com/news/forex-n...3-39a12e3ded97
The rise of "automated journalism" is recently gaining importance, as explained in this article that talks about "Wordsmith", the algorythm developed by AP (Associated Press) that also writes news.
In our field (currency trading), an algorythm can detect trends or changes in trends quicker than what a human. Automated signals have been existing for years. But translating them into texts for news, it's an innovation! While more in-depth technical analysis or fundamental news need a human to understand and decipher the information, some types of technical news can very well be written by a computer.
Our team has composed around 100 intricate market scenario signals and applied them over 30 currency pairs. That represents a total of 3000 strategies running at the same time. When a specific technical set-up is found, a signal is created and thoroughly backtested. Once a signal is triggered on Qubitia’s Qcaid platform, an automated news piece specific to the market scenario is generated in 17 languages and posted into FXStreet’s news feeds.
“Our ambition does not end here. Working closely with Qubitia, we plan to continuously add hundreds of new signals, markets and asset classes and will expand into inter market analysis and index construction too,” added Gonçalo Moreira, CMT and Research Expert at FXStreet and co-developer of the new service.
What do you think? Do you think this new type of news makes sense?
Here is an example of news that our bot wrote earlier today:
http://www.fxstreet.com/news/forex-n...3-39a12e3ded97
The rise of "automated journalism" is recently gaining importance, as explained in this article that talks about "Wordsmith", the algorythm developed by AP (Associated Press) that also writes news.
In our field (currency trading), an algorythm can detect trends or changes in trends quicker than what a human. Automated signals have been existing for years. But translating them into texts for news, it's an innovation! While more in-depth technical analysis or fundamental news need a human to understand and decipher the information, some types of technical news can very well be written by a computer.
Our team has composed around 100 intricate market scenario signals and applied them over 30 currency pairs. That represents a total of 3000 strategies running at the same time. When a specific technical set-up is found, a signal is created and thoroughly backtested. Once a signal is triggered on Qubitia’s Qcaid platform, an automated news piece specific to the market scenario is generated in 17 languages and posted into FXStreet’s news feeds.
“Our ambition does not end here. Working closely with Qubitia, we plan to continuously add hundreds of new signals, markets and asset classes and will expand into inter market analysis and index construction too,” added Gonçalo Moreira, CMT and Research Expert at FXStreet and co-developer of the new service.
What do you think? Do you think this new type of news makes sense?