I Tested Facebook’s Machine Learning Model in the Crypto Market
Results of using Facebook Prophet to trade cryptocurrencies
In the world of cryptocurrency, everyone is looking to make money. Either through mining, trading, or something else entirely. For me, I wanted to see if money could be made through trading. However, not just trading alone, but trading with machine learning!
Using machine learning to predict market prices is not a new concept. Many have done so before but I wanted to see what it was like. For me, it was not enough to just forecast prices. I wanted to see what would happen if I were to trade with those forecasted prices. That is where backtesting with machine learning comes in.
In order for me to begin this backtest on cryptocurrencies, I first needed to pick a machine learning model. Now, there are plenty of time-series machine learning models out there for experimentation, but I wanted to pick one that wasn’t so common. In the end, I chose Facebook’s own time series model — Facebook Prophet.
