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Let's end world poverty - charitable algorithms

  • Post #1
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  • First Post: Feb 22, 2021 6:58pm Feb 22, 2021 6:58pm
  •  Jared
  • | Joined Nov 2007 | Status: Member | 1,665 Posts
Why are people so secretive about their successful algorithms? Why can't charitable algorithms exist, and be given freely out at unemployment offices, homeless shelters, second and third world countries, etc? What is the math that says this will dilute the opportunity?

This is 2021, the age of robotics. It boggles my mind that we still have poverty on earth. It needs to end somehow. What would happen to the economy if everyone had bots trading for them, most of life automated, so people could focus on learning and accomplishing great things, instead of slaving away their lives?

I'm considering giving my algorithms to the impoverished. What is wrong with this idea? Why hasn't it happened already? How could money making be automated to the point where drudgery is part of ancient history for the whole world?

If not just algorithms, are there any other ideas for ending poverty? Copy trading?
  • Post #2
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  • Feb 22, 2021 7:37pm Feb 22, 2021 7:37pm
  •  Redbaron81
  • | Joined Oct 2016 | Status: Member | 233 Posts
If you give away something that makes money to a lot of people it will stop making money almost instantly. Banks algos will detect this and never allow it. There is a small money tolerance that is allowed into profit at any given time. Utopia you speak of does not exist and never will in capitalistic society. Only way poverty will end is when humans outgrow greed and need for power over others...so not any time soon.
  • Post #3
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  • Feb 22, 2021 8:26pm Feb 22, 2021 8:26pm
  •  Jared
  • | Joined Nov 2007 | Status: Member | 1,665 Posts
Quoting Redbaron81
Disliked
If you give away something that makes money to a lot of people it will stop making money almost instantly. Banks algos will detect this and never allow it.
Ignored
I hear this all the time but have yet not seen the math. My counter argument is if you base an algo on chaos theory principles, then it should work despite some saturation. That is if chaos really has a pulling force behind it that organizes it. I am developing an algo based mostly on Fibonacci spirals. It should work if chaotic price really does statistically bounce at the levels.

In addition to this, AI programs are a fresh look at the strategy each time a position is taken, it is always changing, different, so it won't saturate. Not only this, but there are many instruments out there to diversify with.
  • Post #4
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  • Feb 22, 2021 8:30pm Feb 22, 2021 8:30pm
  •  Redbaron81
  • | Joined Oct 2016 | Status: Member | 233 Posts
Quoting Jared
Disliked
{quote} I hear this all the time but have yet not seen the math. My counter argument is if you base an algo on chaos theory principles, then it should work despite some saturation. That is if chaos really has a pulling force behind it that organizes it. I am developing an algo based mostly on Fibonacci spirals. It should work if chaotic price really does statistically bounce at the levels. In addition to this, AI programs are a fresh look at the strategy each time a position is taken, it is always changing, different, so it won't saturate. Not only...
Ignored
It doesn't matter what you do...Bank algos see all positions and and stop levels...they will always operate in a way were majority of players are in the red.
  • Post #5
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  • Feb 23, 2021 10:27am Feb 23, 2021 10:27am
  •  Jared
  • | Joined Nov 2007 | Status: Member | 1,665 Posts
Quoting Redbaron81
Disliked
{quote} It doesn't matter what you do...Bank algos see all positions and and stop levels...they will always operate in a way were majority of players are in the red.
Ignored
I haven't been on here a while due to learning stock trading. Momentum stocks. I watch the Level 2 data to make spit second decisions. Same as a bank. So what? Not only can you hide your orders, but with an algorithm, it doesn't have to place an order until a specific sequence of events happens that is coded into a function. So, it doesn't have to place a pending order. It can hide.

To me, world poverty is a problem. Evolution is about solving problems. We need to evolve, and in fact are experiencing a leap like none other in history in that department. I actually hate work, that is why I am always looking for the most efficient way to wealth. Work is an insult to my life, how I should spend my time. This is not a character flaw, in my opinion, it is the tug of evolution itself. We can have a better world.

Sustainable, ethical, wealth, is there for everyone, without destroying the planet in the process. I am really hoping for the space sector to take off, we need to move to outer space immediately as a human species. We are to big for the little plants and animals that live here. Earth should become a garden and recover from the industrial age. Robots and AI should be the science focus now. Less work. More time for the brain to grow and evolve, discovering what is next.
  • Post #6
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  • Feb 23, 2021 10:49am Feb 23, 2021 10:49am
  •  Pumi
  • | Joined Nov 2017 | Status: Member | 188 Posts
Quoting Jared
Disliked
{quote} I haven't been on here a while due to learning stock trading. Momentum stocks. I watch the Level 2 data to make spit second decisions. Same as a bank. So what? Not only can you hide your orders, but with an algorithm, it doesn't have to place an order until a specific sequence of events happens that is coded into a function. So, it doesn't have to place a pending order. It can hide. To me, world poverty is a problem. Evolution is about solving problems. We need to evolve, and in fact are experiencing a leap like none other in history in...
Ignored
The keyword is evolving. If everyone is using the same system the banks algo will have to evolve and traders will too. The secret keeping is delaying the inevitable. Professional thieves are always ahead of police because they are always looking for smarter ways of doing their work. The police will figure them out but thieves will always come up with something new.
Pumi
  • Post #7
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  • Last Post: Feb 23, 2021 12:33pm Feb 23, 2021 12:33pm
  •  Jared
  • | Joined Nov 2007 | Status: Member | 1,665 Posts
Quoting Pumi
Disliked
{quote} The keyword is evolving. If everyone is using the same system the banks algo will have to evolve and traders will too.
Ignored
Does this really apply to chaos theory? I am not a math head, in fact I am going to start re-learning math from the ground up, starting at simple arithmetic going through to theoretical physics. So, I can't say I understand it at this point. However just from studying price action at the ring levels of the golden mean spiral, I am convinced that there is some kind of pull, just like gravity, to chaotic energy. Think about it, the world, the planets, the stars, are round due to gravity's pulling influence on chaos to organize it into various balls.

Price does this too. Prove me wrong, peers. I have watched it spike down, in a blip, where it must have been an algo that caused it, only to get rejected right at or quite near a Fibonacci level, and bounce. I have a trade journal full of this kind of price action. It happens time and time again. The trick I am working on now is how to tweak entries and exits according to statistical probability. These spiral waves happen on all time frames, even 10 second charts. So, if, (it's not totally proven yet, but I am working on it) price reacts the same way hurricanes, galaxies, ferns, and snail shells do, how could it be possible to run out of opportunity? In fact, wouldn't this even increase the probability logically? If more people and AI used the fib levels, wouldn't they work even better? Perhaps. perhaps not. If it really is chaos, then not really, but it wouldn't matter.

The flaw that I see is that for every winner there is a looser, so if you level the playing field, how could everyone win, since the wins are the result of someone else's loss? This line of thought takes me into philosophical tangents about what money is and where it comes from. Money is simply a symbol that represents life force energy. Energy can be changed into other energy. Yet, to live, you have to kill. Food for example. Poor plant, it died. Now it is my cellular structure, from digestion. Eating is evil. Yet, I believe it can be done moderately, as ethically as possible, without gluttonous greed. The planet needs a greed diet, so it can loose it's weight of dying forests and ecosystems, and get in shape. I particularly like reading about native cultures for this reason. They lived in harmony with the planet. They didn't have greed, it is relatively new to earth. If you want to study economics, primitives are the place to start. Us moderns need not entropy from primitive wisdom.
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