Providing 6 Stars Expert Advisor Experience
Providing 6 Stars Expert Advisor Experience
INREX EA
INREX EA
51 items found for ""
- The Law of Jungle EA instruction
Instruction Manual for "The Law of Jungle" (LOJ) Scalping System EA Product Overview Welcome to the "Law of Jungle" (LOJ), our advanced scalping system EA specifically designed for the XAUUSD/Gold market. This product is exclusively available to our loyal clients and those referred by them. Old clients can take advantage of a special discount code for additional savings. Key Features Single Parameter Configuration: Amount to Keep as Backup (not used for trading): This is the only parameter you need to set. How It Works: You specify an amount that will be retained in your account and not used for trading. The rest of the money will be used to calculate the lot size, with the auto lot size function always enabled. Example: If your account has $10,000 and you wish to keep $9,000 as backup and risk only $1,000, you would set the parameter to 9000. LOJ will handle the rest, optimizing your trading for long-term performance without any manual intervention. Minimum Requirements: Capital: A minimum of $200 is required to run LOJ. Account Type: An ECN or Raw spread account is a must. LOJ does not support cent accounts or brokers with 3-digit pricing. Breakeven Stoploss Function: LOJ includes a breakeven stoploss function to secure your profits by moving the stoploss to the entry point once a trade has moved in your favour by a specified amount. Performance on Live: From our rigorous live testing, LOJ has delivered outstanding results: Over 2000% profit in an ICMarkets account within 5 months (since January 2024). Note: The testing environment was designed to stress-test the system. The client version of LOJ is balanced for safer, long-term trading. Performance Client Version (Advanced Version): Low Drawdown: The client version of LOJ is optimized for long-term stability and safety, ensuring a low drawdown of 4.21%. This means that the system is designed to minimize the risk to your capital, providing peace of mind and steady growth. Backtesting result : The backtesting results presented in the image summarize the performance of a trading strategy over a two-year period from 2022 to 2024. Here are the key points: Overall Performance : Initial Deposit : $200.00 Total Net Profit : $49,617.82 Gross Profit : $50,902.87 Gross Loss : $1,285.05 Risk Metrics : Profit Factor : 39.61 Absolute Drawdown : $101.67 Maximal Drawdown : $11,735.20 (34.90%) Relative Drawdown : 73.16% ($6,224.36) Trade Statistics : Total Trades : 994 Profit Trades : 976 (98.19%) Loss Trades : 18 (1.81%) Short Positions Won : 531 (100.00%) Long Positions Won : 463 (96.11%) Profit and Loss : Largest Profit Trade : $1,372.95 Largest Loss Trade : $511.14 Average Profit Trade : $52.15 Average Loss Trade : $71.39 Consecutive Wins and Losses : Maximum Consecutive Wins (Profit in Money) : 233 ($4,912.51) Maximum Consecutive Profit (Count of Wins) : $13,252.73 (74 trades) Average Consecutive Wins : 54 Consecutive Losses : 2 (maximum loss $5.35) Average Consecutive Losses : 1 Important Note: Backtesting is only for reference. The results do not account for database control and news filters. Real market conditions, slippage, changes in market behavior, and other unforeseen factors can significantly affect actual trading performance. Therefore, while backtesting provides insights into how a strategy might perform, it is not a guarantee of future results. Our Philosophy At LOJ, we prioritize quality over quantity. Our scalping system is meticulously designed to deliver consistent, long-term gains with minimal risk, embodying our commitment to excellence in every trade. Thank you for choosing "The Law of Jungle" Scalping System EA. We look forward to your success in the Gold market. For any queries or support, please get in touch with our customer service team. support@inrexea.com Full installation: https://www.inrexea.com/post/download-install-upgrade-ea-products-and-add-database-in-mt4-mt5
- OverPower (Prop Firm EA)
The OverPower Trading Robot, a cutting-edge development by OpenEA, is a fully automated 4th generation InrexEA DB system designed to excel in the dynamic forex market. Leveraging advanced algorithms, this robot is adept at learning from market trends, particularly focusing on the EURUSD and GBPUSD pairs. Drawing inspiration from the best features of the retired Ea YOLO Diamond Hands, it offers enhanced trade quality protection. Remarkably versatile, the OverPower Trading Robot is compatible with any type of trading account, including those used by proprietary trading firms(Prop Firm Challenge, Verification, Funded Accounts). Its robust design and privacy-focused execution make it an ideal choice for both professional and casual traders seeking a reliable and sophisticated trading solution. Structure of InrexEA Database: Clients > InrexEA DB > OpenAI > InrexEA DB analysis > Clients InrexEA DB is an innovative database solution primarily built using the powerful Python programming language. It surpasses the constraints of traditional MQL4 and MQL5 codes, providing enhanced functionality and performance. InrexEA DB efficiently manages trading data and integrates advanced machine learning algorithms, offering a dynamic and data-driven trading experience for users. Kindly Reminder: This trading robot is ideal for traders who question backtesting results and favor a dynamic, data-driven approach to trading. It's suitable for both novices and experienced traders seeking a dependable, versatile automated trading system. Project OverPower: OverPower is a state-of-the-art, fully automatic forex trading program equipped with martingale strategy, utilizing the latest in Machine Learning and quantum computing technology. It leverages Open AI technology to analyze extensive data, including foreign exchange markets, to forecast future price movements. Users must acquire correct settings, which are continually updated with the latest information. OverPower uses vector machine learning to process and analyze vast historical data, efficiently recognizing market patterns. Quantum computing enhances the system's performance in market data analysis and optimal strategy identification. OverPower EA employs advanced Open AI models, like GPT-4, to analyze unstructured data such as news, sentiments, and language, boosting prediction accuracy. The system autonomously executes trades, making informed decisions based on its analysis. A robust risk management strategy is in place to minimize potential losses, ensuring trades align with market trends. Instruction: For guidance on OverPower's instruction and installation, please contact us. Performance Details Our Direction for OverPower: We prioritize quality over quantity. Excessive users adopting the same strategy may lead to market saturation and reduced effectiveness. To preserve product quality, we may halt new license sales anytime. This strategy ensures OverPower remains effective for traders as markets evolve. Parameters: UseautoLotSize: Each USD opens 0.01 Hidden dynamic trailing Stop with breakeven style GBPUSD 2K USD to start 1:500 leverage Additional Features: Adaptable trading strategy Compatible with any prefix/suffix Dynamic, customizable, no .set file required Exclusive to MQL market, for MetaTrader Suitable for any timeframe Comprehensive analysis tools: broker quotes, sentiment, heat maps, swap rates, news filters, data mining Dual-algorithm for optimized trading Weekly profit doubling target Ideal for prop firm challenges, verification, and funded accounts Recommended capital: 2000 USD Chart timeframe: M1 Conclusion: OverPower, through reverse thinking, crafts superior strategies, allowing machines to autonomously learn to trade. It addresses traders' queries about success potential in trading. OverPower is designed to capitalize on market momentum, identifying optimal trading times outside of breakout patterns. Let OverPower guide you to success. Tips for Prop Firm Setting: lotsize always keeps 0.01, the Revenge Lotsize is important. for 200K and 100K account choose all those pairs to run: AUDUSD, USDJPY, USDCAD, GBPUSD, EURUSD, USDCHF For 50K account, choose 3 of those to run: GBPUSD, USDJPY, AUDUSD For 10K account, choose only one pair to run. For normal account, please choose 1 pair for each 5K capital. For a normal account: Always keep 0.01 lots, Revenge lot depends on your account size, each 1000USD with 0.5 lot. or No stoploss set please set the USESTOPLOSSbyUSD = false and withdrawal profit daily. >>>>>>>>>>>>>> Upgrade information OverPower V4.0 upgraded: Added new pairs for over 100K accounts: AUDUSD, USDJPY, USDCAD, GBPUSD, EURUSD, USDCHF Important thing here: for 200K and 100K account choose all those pairs to run: AUDUSD, USDJPY, USDCAD, GBPUSD, EURUSD, USDCHF For 50K account, choose 3 of those to run: GBPUSD, USDJPY, AUDUSD For 10K account, choose only one pair to run. For normal account, please choose 1 pair for each 5K capital. .set file attached https://www.mql5.com/en/market/product/109879#!tab=comments&page=1&comment=51607705 Since V3.3, I am sure it will be perfect one, soon later, I will give a very mature version on the Revenge trade version. Please be patient. OverPower EA V3.3 represents a crucial enhancement in our trading technology. Currently undergoing rigorous testing on major currency pairs, this version is designed for optimal performance. Once it's fully vetted and ready, OverPower EA V3.3 will be accessible directly on the user's terminal, marking a significant step forward in our commitment to advanced trading solutions. Products Page: MQL5 If you have any problems with payment, please contact us. We accept USDT.
- One Inch Slap Instruction Pure Scalper Scalping EA Gold Scalper
No Martingale, No Grid, No HFT No Backtesting is allowed: (OIS IS NOT A HFT Strategy, Will not be violated by Prop firm rules) We don't rely on backtest results. The backtesting environment can't access our database to retrieve historical data. We aim to provide clarity to EA traders and not mislead them. The best approach is to monitor our signals. If you're wondering how to verify that it works with your broker, the response is the same: backtesting results alone don't prove effectiveness. "OIS": The Final product of ours. "OIS" represents the pinnacle of our development efforts, offering a sophisticated tool for traders keen on exploring the gold market. This marks our last expert advisor (EA) product, available for an exclusive early bird period of 7 days post-launch. To express our gratitude, purchasers providing a review will receive the MT4 version as a complimentary bonus. No Martingale, No Grid, No HFT. Elevate Your Trading Strategy with "OIS" Step into the gold market arena with "OIS", our premier trading robot that integrates the advanced Inrexea DB for unmatched strategic depth. "OIS" introduces a novel scalping approach, enabling traders to engage with the gold market more effectively and with precision. This product avoids risky strategies like Martingale and Grid, focusing on a single trade at a time for clarity and control. Key Attributes for an Informed Trading Experience: Standard Pricing Compatibility: Designed for clarity in market conditions, "OIS" is compatible with standard pricing formats, ensuring traders operate with a realistic understanding of market dynamics. Manual Lot Sizing: Encourages proactive risk management, allowing traders to make informed decisions on lot sizes. Educational Emphasis: Beyond trading, "OIS" serves as a learning tool, shedding light on essential risk and spread fundamentals. Discover our Signal Monitor scalping-ea-gold-scalper Core Features of "OIS": Unique Scalping Strategy: Utilizes a sophisticated, single-trade-at-a-time scalping strategy for efficient and effective market engagement. Inrexea Database Utilization: Leverages the comprehensive Inrexea database for enhanced trend detection and trade decision support. Machine Learning Accuracy: Employs cutting-edge machine learning to refine trade entry and exit points, ensuring precision in the gold market. Innovative Trading Approach: Gold Market Focus: Tailored specifically for the gold market, "OIS" addresses the unique opportunities within this sector. Intelligent Trade Execution: Uses smart algorithms for optimal trade timing, enhancing strategic trade management. Simplified Trading Philosophy: By concentrating on a single trade at a time, "OIS" aims to reduce exposure while optimizing for profit potential in the dynamic gold market. Why Choose "OIS"? Market Data Synergy: Integrates with the Inrexea database for a data-driven scalping strategy. Adaptive Strategies: Continuously updates its trading approach with adaptive learning algorithms for sustained performance. Gold Trading Specialization: Focuses on the specific challenges and opportunities of gold trading for targeted efficiency. Advance Your Trading with "OIS": Unlock Market Potential: Navigate the complexities of the gold market with an advanced tool designed for strategic trading. Efficient Trading Strategy: Streamline your trading with a focus on what matters most—strategic, efficient, and thoughtful trading. Technological Innovation and Reliability: Benefit from the latest in trading technology, supported by the proven performance of the Inrexea database. Result on Live:
- Sup 9 Scalper Instruction
Upgraded : Sup 9 Scalper 6 upgraded: Added a new function: which can detect your manual trade, and s9s will go on the portion of lot trading for you, protecting your first decision. Be reminded that it will detect all trades in the symbol, SO DO NOT USE IT WITH OTHER TRADES. Revenge trade protector to recover your wrong decision. Please read carefully>>>> Sup 9 Scalper can make 150 - 500 trades per day in Live trading environment, so tester is not functional. Try your best to read all of the instructions here.................... How to install or upgrade? A strong recommendation, do not share the ID; only use it yourself. All friends or related are not allowed. Please withdraw profit daily/ weekly until 100% has been made. Like the S9M, the worst case is a total loss; sometimes, when the drawdown is high, do not scare and let it finish its job. Sup 9 Scalping uses the method of Portion of Lot, which means it will open many orders in a period. Unlike those original scalpers, the slippage killed most of them. What is the portion of the lot Scalping? The portion of lot Scalper helps to avoid those HFT restrictions from the prop firms. And also traps from slippage of the brokers. Key Highlights: Primary Objective: Enable traders to maximize commission rebates by targeting an ambitious 500 trades per day through precision scalping. Underlying Strategy: Our bespoke portion of lot scalping technique is not just about rapid trades but also guarantees protection from the diverse traps laid out by brokers. Exclusivity in the First Round: To honor our longstanding relationship, we're offering the Sup 9 Scalper initially to our old and esteemed clients. This exclusivity ensures you have the first-mover advantage in leveraging this groundbreaking tool. Limited Licenses: Only 25 licenses are available in the first round. This ensures that each trader has our undivided attention, ensuring optimum performance. Post First-Round Plan: The journey doesn’t end after the first round. We will meticulously analyze the performance. Based on our findings and ensuring the best interests of our community, we'll decide whether to launch a second round or make it a limited-edition tool. Ideal Account Types: The Sup 9 Scalper is tailored for raw spread/ECN account types. Moreover, it's also compatible with FTMO, providing you with greater flexibility. Parameter: MarginLevel = 250 >> Which means it will not open order if the margin level is lower than this OrdersAllowPerday >> No more new orders if closed orders over this maxSpread >> will not open the order if Spread is higher than this. UseSLbyAccDD >> True = use stoploss Stoploss by account Currency = 9500 means drawdown > 9500 will close all orders. Don't use it with another EA in the same account. For an ECN/Rawspread Account: 1. Make sure you have this type of account. NO STANDARD ACC. 2. On a Gold M1 chart, set up Webrequest and add your ID. 3. Like with other Sup 9 products, take out your profit daily until you've gotten back what you started with. 4. You need $1,000 to start; using 1:500 or 1:1000 is best. 5. Try to do 100 daily trades, aiming for $50. 6. The much capital to run is preferred. 7. Always keep 0.01 within 10K USD. For FTMO Account: * If You Want to Take More Risk: * With $200,000, set 0.4 lot (or $5,000 with 0.01). * Aim to pass in 10 days. * Set a stop loss at $9,250 to $9,500 (4.5%). * If You Want to Take Less Risk: * Set 0.2 lot (or $10,000 with 0.01). * Aim to pass in 20 days. * Set a stop loss at (4.5%) of your capital.
- OpenEA - Upgrade History Page Continued update
Our New OpenEA Upgrade History Page - Continuous Enhancements for Your Trading Experience What is the best broker in the industry? What kind of tools you should use for your MT4/ MT5 journal? Fast access content : 11th NOV 2023 19th AUG 2023 13th May 2023 11th Apr 2023 11th NOV 2023 upgrade: Enhanced Trading Algorithms for OpenEA 📈: Now focusing on EURUSD, XAUUSD, GBPUSD, USDJPY on the M5 timeframe. 19AUG2023 upgrade: Changed the strategy, it only works on EURUSD M5 now 13 MAY 2023 upgrade: We've implemented enhancements to the Inrexea Database Filters, now at Version 4.0. An AI voice alert feature has been introduced to communicate the AI's analysis more intuitively. We have incorporated dynamic Take Profit (TP) and Stop Loss (SL) systems. To safeguard against different broker traps and disconnections, a Force Breakeven Stop Loss has been added. In order to prevent trading on Non-Farm Payroll Report (NFPR) days, we've included a feature to automatically stop all trades. Finally, the Inrexea Database has been upgraded to Version 4.0 to increase connection frequency and prevent delays across all nodes. 11th Apr 2023 upgrade: Upcoming OpenEA Upgrade on April 14th: Enhancements for Better Performance Hello Inrexers, Key Upgrades: Database Server: We've optimised our server to better process market data, which will enhance our trading algorithms. No action or downloads are needed from you, as the changes will be integrated automatically. Trend Identification: We've refined our algorithms to provide improved trend analysis for different currency pairs, helping you develop better trading strategies. Holiday Detector: We're introducing a feature that detects holidays, ensuring that your strategies aren't affected by sudden market closures or liquidity changes. We are excited to announce the creation of a dedicated Upgrade History page for OpenEA. This page will keep track of all past, present, and future upgrades, ensuring transparency and easy access to information about our platform's enhancements. As part of our ongoing commitment to delivering the best trading experience, we will continue to upgrade our database server and algorithms, refining their performance and accuracy. Stay tuned for further updates, and thank you for your support as we work together towards a more efficient and successful trading journey.
- Concept of OPENEA and instruction
Project OEPNEA We continuously learn how to create the next generation of trading systems and how to effectively use past trading data to make trading more intelligent and trustworthy. In this market, there is no doubt that many novice traders, as well as those with many years of trading experience, will face something that cannot be avoided - emotions. Simulating the brain of successful traders seems feasible in ChatGPT, released by OpenAI. Therefore, through continuous research and development with ChatGPT-3, we have developed OpenEA and established a machine learning module that makes past trading strategies based solely on specific indicators more comprehensive. We expect OpenEA to provide a satisfactory trading outcome for most EA traders. WebRequest: Users must connect to our Neural Network system through Web requests to receive more accurate signals. By using our signals, we can respond to unpredictable future price fluctuations more flexibly, not solely relying on past data. This will ensure that trading becomes double-protected. Extra Calculation: All broker quotes Sentiment analysis Heat maps Swap rates News filters Data mining for news 24/7 and breaking news ( https://t.me/BreakingNewsFX ) The resource we used: https://www.myfxbook.com/api MyFXBook is a popular online platform for forex traders that provides a range of tools and services to help traders manage their portfolios, track their performance, and analyze the markets. The MyFXBook API allows developers to access the platform's data and functionality, enabling them to build custom applications and integrations that leverage MyFXBook's data and services. The API provides access to a wide range of data, including account information, trading history, and market data, as well as the ability to execute trades and manage orders. With the MyFXBook API, developers can create custom solutions that can help traders make more informed decisions, automate their trading processes, and more. https://openai.com/api/ OpenAI can help developers create a trading robot by providing access to advanced AI technologies and models, such as machine learning and natural language processing. These technologies can analyze vast amounts of market data, including prices, volumes, news, and other relevant information, to predict future market movements. The OpenAI platform also includes pre-trained models, such as GPT-3, that can be fine-tuned for specific use cases, such as sentiment analysis or language-based trading signals. This can save developers significant time and effort compared to building these models from scratch. In addition, OpenAI provides API and development tools that make it easy for developers to integrate AI technologies into their trading robots. This includes access to a wide range of data sources and the ability to execute trades and manage orders. By leveraging OpenAI's advanced AI technologies and development tools, developers can create trading robots that are more accurate, efficient, and flexible than traditional systems. These robots can analyze market data in real time, respond to changing market conditions, and execute trades based on sophisticated rules and algorithms. Overall, OpenAI provides a powerful platform for developers who want to create trading robots that leverage the latest AI technology. Whether you're building a simple system for personal use or a complex trading platform for institutional clients, OpenAI has the tools and technologies you need to achieve your goals. The development concept: Past trading strategies have become outdated and only consider one dimension, leading to limited long-term profitability. The new generation of trading strategies focuses on finding similar rhythms through different sizes of past data to identify the most similar and successful trading module. Shortly, we will optimize other currencies and dynamic profit conditions, such as taking profit and stopping loss, to make trading even more effective. The development concept is to find the most successful and similar trading modules through multiple dimensions of past data instead of relying on outdated single-dimensional strategies. This new generation of trading strategies will also optimize other currencies and dynamic profit conditions to enhance the effectiveness of trading. Potential profitability: The trading robot has been operating over the past five years, from 2018 to 2023. During this period, the robot has demonstrated exceptional performance, with a Profit Factor of 145.16. This indicates that the robot generated $145.16 in profits for every dollar invested. Additionally, the Drawdown during this period was only 2.64%, which is relatively low compared to other trading systems. This low drawdown is a positive sign of the stability and consistency of the trading robot's performance and is a good indicator of its ability to manage risk effectively. In conclusion, the trading robot has shown impressive results over the past five years, with a high-Profit Factor and low Drawdown. These results demonstrate the effectiveness and reliability of the robot and its ability to generate consistent profits for traders. Development Timeline: Contact Us : https://t.me/inrexea What is the best broker in the industry? What kind of tools you should use for your MT4/ MT5 journal?
- The US Dollar's Soaring Strength: Implications and Expectations
Recently, the financial world has been abuzz with news about the US dollar's resurgence. It has surged to impressive heights, marking its highest point for this year with an increase of 6.6% since mid-July. One of the primary catalysts for this momentum is the spike in US Treasury yields, which recently reached a 16-year pinnacle. For Americans, a stronger dollar brings several perks. It serves as a buffer against inflation, ensuring that import prices remain stable. Additionally, it benefits those with wanderlust, making overseas trips more pocket-friendly. Companies that rely heavily on imports also find themselves on the winning side, with more affordable goods and services from abroad. However, as with most economic trends, there's another side to this coin. Globally, the strengthened dollar poses challenges. It means US exports become pricier, which could potentially dampen sales for American businesses in international markets. Furthermore, countries with high dependencies on US dollar-denominated debt find repayments more strenuous. Emerging markets are particularly vulnerable in this scenario. Their currencies have been under significant pressure, with some, like the Chilean peso and Hungarian forint, seeing considerable depreciation against the dollar. This not only affects their trade balance but also puts strain on their economic growth and financial stability. In response, many global central banks are taking proactive steps. They are considering policy shifts, tapping into foreign currency reserves, and even using public rhetoric, a strategy termed 'jawboning', to stabilise their currencies. Yet, as we peer into the financial crystal ball, some analysts suggest this might be a fleeting glory moment for the dollar. They anticipate a shift in its trajectory next year. With US consumers drawing from their savings and potential headwinds like resumed student-loan payments, the US economic growth might align more closely with global averages. This could signal a softer dollar in the forthcoming months. In conclusion, while the US dollar's current strength presents a mixed bag of outcomes globally, the dynamic nature of financial markets always implies change is just around the corner. The unfolding narrative of the dollar's journey remains a captivating watch for investors and economists alike. #USDollarRise #GlobalEconomyImpact #FinancialForecast #EmergingMarketsChallenge #EconomicTrends #USFinancialOutlook
- Inrex Indicator Instruction
Perfect Match with YOLO half Auto EA Inrex Indicator is our first Indicator which calculated by many unique data , as Inrex EA do not believe all the common indicators like RSI MACD . Those are replant indicator may cause a misconception to traders . it helps all Manual Traders and EA Traders about daily Range and which pairs to trade with all the Ea in the industry . For EA Traders Multi-Currency Dashboard shows what type of EA should use on those pairs. No matter which EA you are using , You also know which pairs should be put on by your EA . Or Only choose one direction to trade with your EA . Also can match with my EA product to control which direction to trade -- > https://www.mql5.com/en/market/product/64763 For Manual Traders Indicaotor should a Daily Range predicted . So Users will be alerted when the price reaches the sensitive zone (Upper or Bottom) , So users can make a decisions to manage your account . 1. Price reaches or get close to upper sensitive zone - Consider to open with sell orders and set a stoploss user can be endure . 2. Price reaches or get close to bottom sensitive zone - Consider to open with buy orders and set a stoploss user can be endure . 3. Users could use their only trading skills when the price between the range , so when price when sensitive zone , indicator will alert your / push notifications to your mobile . So make decisions . (As many manual traders do not set a stoploss or tp to hide // Like my StoneBreaker EA all hidden TP or SL ) Attention : Users should put on Live Servers to get a correct data (Since Wrong Trading operation , Lack of Bars , Account Information are given by Demo Servers) ECN accounts with Swap are preferred Parameters : For the best using experience , Users almost no need to set parameters , but suffix and prefix can be set if need by a special symbols from brokers Sensitive zone / Target zone Short term upper resistance Short term bottom resistance Daily open Time Daily Open Price H4 open Price MA250 Daily price Strategy sharing : (Keep updating) : The very basic strategy is : M5 when price hit upper tunnel with Red arrow , Take Profit can set at middle line . Otherwise , price hit lower tunnel which you can see with blue arrow , Take Profit can be set at middle line . All timeframe also good , depends on which kind of trader you are . Will be continued to share more about different strategy with sensitive zone and something else in Inrex Indicator . Example, when price hit upper sensitive zone, and resistance found, open sell order and target at lower sensitive zone or Target_3.
- Hollywood Writers' Strike Ends: What's Next?
The Hollywood writers' strike, which spanned five months, has finally concluded, leading to a notable shift in the television and streaming landscape. The settlement implies both gains and losses for the industry, pointing towards a reduction in new shows and a tighter renewal process. Ending of “Peak TV” Era: The settlement marks the end of the “peak TV” era, signaling fewer job opportunities and a contraction in show production. Even though writers secured significant concessions like bonus payouts and higher royalties, the industry faces a more stringent financial atmosphere. Financial Realities and Cutbacks: The entertainment business, burdened by debts and losses, especially in streaming services, is under pressure to curtail expenditures. The settlement will likely further limit the number of new shows, resulting in lesser work for the industry's talent despite the potential for better pay. AI and the Future of Scriptwriting: The deal allows for the use of AI in assisting script creation, albeit with significant protections for writers. It indicates a trend towards utilizing AI for creative processes, though human insight remains irreplaceable. Viewership Data and Streaming Economics: Streaming platforms will continue withholding viewership data, sharing only aggregated information with the Guild. The rise in streaming subscriptions and an urgent need for profitability hint towards further price hikes in streaming services, complicating choices for consumers. Impact on Show Production: Production on many popular shows remains on hold, with negotiations between studios and the Screen Actors Guild still underway. The new episodes and show resumptions may face significant delays, possibly extending into 2024. Conclusion: In essence, the end of the writers’ strike and the new agreement brings mixed feelings. Writers secure better terms, yet the overall reduction in show production and a potential decline in opportunities present new challenges for Hollywood. The industry’s focus now lies in navigating these transitions, ensuring profitability, and adapting to emerging trends like AI assistance in creative processes.
- Unveiling New Horizons: ChatGPT Now with Voice and Image Capabilities
In an exciting leap forward, OpenAI announces the integration of voice and image capabilities in ChatGPT, offering users an enriched and more interactive experience. This enhancement not only promises more intuitive communication but also opens doors to diverse, practical applications. Opening New Doors with Voice and Image Capabilities Enhanced Interaction ChatGPT's new capabilities enable users to engage in voice conversations and upload images for discussion, making the platform more versatile and user-friendly. Voice interactions offer a convenient, hands-free experience, while image uploads facilitate practical assistance in real-world tasks. Ensuring Safety and Privacy OpenAI maintains a commitment to user safety and privacy. The deployment of these advanced features is gradual, ensuring the refinement of risk mitigations and the establishment of secure, responsible usage guidelines. Delve Deeper into the Features Voice Conversations Engage in seamless voice conversations with ChatGPT by opting into voice conversations in the app settings. Select from five diverse voices for a customized interaction experience, powered by a robust text-to-speech model. Image Uploads Upload images for a more context-rich discussion, aiding in troubleshooting, meal planning, and more. Use the mobile app's drawing tool for specific image focus, ensuring detailed and tailored assistance. How to Utilise the New Features Navigating and utilizing these new capabilities is a breeze. Here’s a quick guide: Getting Started with Voice 1. Go to `Settings → New Features` on the mobile app. 2. Opt into voice conversations. 3. Tap the headphone button in the top-right corner of the home screen. 4. Choose from five different voice options for your interactions. Exploring Image Capabilities 1. Tap the photo button to upload an image. 2. On iOS or Android, tap the plus button first. 3. Utilize the drawing tool to highlight specific image areas for discussion. Expanding Access The rollout of these advanced features to Plus and Enterprise users will be completed in the next two weeks, with further access to other user groups, including developers, soon after. In Conclusion Embrace the future with ChatGPT's enhanced voice and image capabilities. Enjoy more interactive, efficient, and intuitive AI interactions while ensuring safety and responsible usage. Dive into the new era of AI communication with confidence and convenience, and make the most of what ChatGPT now has to offer. --- **Note:** For a comprehensive understanding and safe usage of these features, users are encouraged to read the detailed OpenAI announcement and adhere to the provided guidelines.
- Revolutionising Cybersecurity: Cisco and Splunk's Bold AI Leap
In a game-changing announcement, the CEOs of Cisco Systems and Splunk have declared AI as a critical component to their colossal $28 billion deal. This significant move is directed towards revolutionizing cybersecurity and IT platforms, making them more predictive and user-friendly. In an interview with The Wall Street Journal, Chuck Robbins and Gary Steele discussed the all-cash transaction, considered to be Cisco’s largest acquisition to date. The acquisition is expected to conclude by the end of September 2024, opening up new avenues of international reach, product expansion, and advanced AI application across various environments. Strategic Acquirement: Steele showcased his anticipation for the enhanced go-to-market capabilities to be gained from joining the Cisco team. This integration signifies an expansion in both domestic and international markets, leveraging Cisco’s extensive global reach and mature channel presence. The application of AI technology across these platforms is expected to offer a comprehensive, technology-driven environment, accelerating advancements on the AI front. Financial and Technological Benefits: Robbins emphasized the financial assets of the deal, highlighting the $4 billion of annual recurring revenue that aligns with Cisco’s transition to more recurring revenue models. He accentuated the financial viability of the deal alongside the technological integrations and go-to-market areas. The focus is placed on the use of predictive AI for enhancing internet performance, outage prediction, and sifting through substantial security data. Moving Towards Threat Prediction and Prevention: The collaboration aims to shift from threat detection and response to a more advanced threat prediction and prevention using AI. Robbins outlined the utilization of AI in correlating multiple threat intelligence, assisting in the early detection and prevention of potential ransomware attacks by analyzing various events and infrastructure data. AI Application in User Behaviour and Incident Management: AI application extends to understanding user behaviour and potential threat areas, as described by Steele. The use of generative AI is underscored, aiming to reduce the learning curve and enhance the understanding and usage of AI for incident summary and management. In summary, the integration between Cisco and Splunk and the extensive application of AI symbolize a considerable step towards innovative cybersecurity solutions. This merger is not just a financial transaction but a collaborative effort to leverage advanced AI technologies for enhancing global reach, product offerings, threat prediction, and user interface simplification, propelling the cybersecurity industry into a new era of advancement and security. #ArtificialIntelligence #Cybersecurity #AIinCybersecurity #CybersecurityEnhancements #TechnologyAdvancement #AIIntegration #SecuritySolutions #AICyberProtection #Cisco #Splunk #AI
- Graduate Business Students vs. AI: Who is More Creative in Ideation?
Is artificial intelligence proficient at birthing new, innovative ideas? Traditionally, AI has been considered lackluster in this department. Unstructured tasks like pinpointing new venture opportunities or devising solutions for untapped needs seemed beyond the reach of algorithms. But with the emergence of extensive language models like ChatGPT, this preconceived notion is under scrutiny. In our extensive experience teaching innovation, entrepreneurship, and product design at Wharton School, we have witnessed thousands of new venture ideas presented by various individuals, from undergraduates to seasoned professionals. These ideas span the spectrum from extraordinary to terrible. This extensive collection of ideas set the stage for an experimental contest, aiming to discern who reigns supreme in innovative thought: humans or machines. Alongside our colleagues Lennart Meincke and Karan Girotra, we organized a competition. Humanity was symbolized by a selection of 200 ideas from our students at Wharton, while ChatGPT4 represented the machines, tasked to formulate 100 ideas under the same conditions given to the students. Further, we prompted ChatGPT for an additional 100 ideas post-exposure to several successful ideas from previous courses. This maneuver provided us with a grand total of 400 ideas to evaluate. Ideas flowed in abundance, from collapsible laundry hampers to ergonomic cushions for stiff classroom seats. In our analysis, we employed the academic yardstick for creative performance, considering the volume, average quality, and the number of standout ideas. As anticipated, ChatGPT excelled in generating a higher number of ideas in a shorter time span compared to humans. To gauge the quality, we subjected each idea to a customer survey, querying the likelihood of purchase based on the presented concept. The outcomes were translated into purchase probability using established market research methods. The findings revealed that ideas generated by ChatGPT had a higher average purchase probability compared to human-generated concepts. Despite these numbers, in the realm of innovation, the quest is for extraordinary ideas, not just average ones. Our investigation of the top 10% of ideas underlined ChatGPT's dominance once again, contributing a significant majority of the most exceptional ideas. The overwhelming victory of AI in generating extraordinary ideas alongside the significantly lower production costs revolutionizes our understanding of creativity and innovation. It introduces a fresh, invaluable source of ideas, augmenting and enhancing human creativity. The early phases of the innovation process in organizations are now marked by a shift from generating ideas to critically evaluating them. Large language models enable the generation of an exhaustive array of ideas, necessitating an effective, efficient selection mechanism to pinpoint the gems amid the multitude. Current models may not surpass an individual expert in forecasting commercial success, but collective evaluations from the target market continue to be a viable strategy. A collaborative human-AI framework, where AI serves as an assistant, promises comprehensive exploration of possible solutions, contributing to superior products and services, and addressing societal needs effectively in the future. #AI #ChatGPT #Innovation #IdeaGeneration #WhartonSchool