--- title: AI Trader 'Sets and Forgets' description: "A milestone: 12 months of trading without human interaction." image: https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/opinion-artificial-yes-intelligence-maybe-May-12-2022-09-29-04-01-AM.jpg --- ![websites-group](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/new-MMG-01.svg) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-new-marketsmedia-logo.svg)](https://www.marketsmedia.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-traders-redlogo.svg)](https://www.tradersmagazine.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-bestexe-logo.svg)](https://www.bestexecution.net/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-fidesk-logo.svg)](https://www.fixglobal.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-fixglobal-new-logo.svg)](https://www.fixglobal.com/) - [*Facebook*](https://www.facebook.com/MarketsMedia/) - [*Twitter*](https://twitter.com/marketsmedia) - [*Linkedin*](https://www.linkedin.com/company/markets-media-llc) - [Newsletter](https://articles.marketsmedia.com/ai-trader-reaches-set-forget#popup-newsletter) #### Want the latest news on securities markets -- FREE? 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But in practice now, we’ve been living it for a year and have not had to do anything to it that is related to trading.” The fund, which has $20 million of assets under management, trades US equities and exchange traded funds that have a market capitalization of at least $1 billion. “We get into a position some point in the day and hold it for several months,” said Mok. “It doesn’t matter if we get into the position in the next minute or the next hour.” The AI uses a subset of trading algorithms provided by the fund’s executing broker Convergex. “We’ve tested a variety of order types, and they didn’t make a difference,” he noted. “They are more for quantitative traders, which we are not.” The Tech Trader Fund currently is in the middle of closing an investment from a fund of funds, which Mok declined to name. “We just finished due diligence last week,” he said. “It’s pretty exciting because it is like the domino effect: Once the first investor comes in, the next one comes in a little bit bigger, and then you kind of have your funnel so to speak.” In the meantime, the fund’s holding company, Autodidactic I, looks to use its automated revenue stream to fund potential moon-shot projects. “It similar to how Google’s search engine business funds the company’s X Labs,” Mok explained. 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