It’s been great so far. We were selected for the bitcoin AI/ML bot, which is exciting! Also, our sponsor is an expert in the field who was spent around thirty years working on machine learning (and even had a patent to his name to show for it!).
We chose TensorFlow and QUANTCONNECT for tools, which was logical as both are considered standards. TensorFlow is frequently used for the development of machine learning on datasets and QUANTCONNECT is the recommended algorithmic trading platform based on our research and conversation with our sponsor.
Essentially, using TensorFlow, we must develop our neural network first and train on historical data and compare those results with how our neural network performs on data it hasn’t seen. We will release it into the wild by connecting it to QUANTCONNECT where we can see how it performs in the present!
As for TensorFlow, there were plenty of pros. It’s known for its high performance and scalability, so it can handle large amounts of data and handle complex ML models (we have opted for the more difficult model based on the options we had). It provides a wide range of APIs, which we needed. Other benefits include being easily integrated with Python, a familiar language to us, and is easy to use and has a good resource pool.
As for the cons of TensorFlow…
There is a rather steep learning curve and the projects that use it typically consume significant computing resources. Also, data pre-processing/cleaning is necessary. These drawbacks come with the territory, however, as the learning curve is expected for people not in the field and machine learning projects on large data sets always consume significant resources.
Similarly with QUANTCONNECT, there is a steep learning curve which is expected and is outweighed by the benefits such as its user-friendly IDE, strong backtesting capability, cloud-based infrastructure, and resources and support that are available for it.
I am pleased with the direction we are headed and by the tools we have chosen, as they have many benefits and have %100 approval from our sponsor!
Let the fun begin!
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