Artificial intelligence (AI) based trading software has achieved magical success recently. The best AI trading systems offer trading robots with transparent trading histories.
These trading and investing software can help you find trades with the availability of cheaper computing power, cloud access, bandwidth, and artificial intelligence and scripting languages. Mature machine learning. They can even negotiate for you.
As you know, Artificial intelligence has become present in our daily lives. AI for stock trading is now in focus. We are seeing the rise of high-quality companies offering market advantage through artificial intelligence-powered trading signals.
In her article published in Investopedia in March 2021, Jean Folger, the finance expert, explains how AI software can develop a trading strategy or simulated trading using market data, historical trading data and other factors.
To present this article, the webmoneyai.com team conducted an in-depth analysis of the operation of AI Trading software.
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AI trading software is a program that automatically executes trades according to predetermined rules. Once programmed, it can be run automatically by a computer.
Investors and traders can convert precise entry, exit, and money management rules into automated trading platforms that allow computers to execute and monitor trades.
Automated trading systems require software that is tied to a broker. Any rules or instructions must be written in the platform’s proprietary language.
Two types of AI trading software are available:
Stock Trading Bot:
System can work autonomously and execute trades for you. An autonomous algorithm detects trading opportunities and automatically executes buy or sell orders.
AI Stock Trading Software:
Creates rules-based trading signals and entire portfolios based on look-back price patterns, volatility, diversification, risk and other factors.
Top 10 Best AI Trading Software:
Trade Ideas uses artificial intelligence to assist traders in making smarter investment decisions. It was started by Chris and Dan, two friends who wanted to find a better way to trade stocks.
Trade Ideas is an AI-powered robot-advisor and stock scanner that allows stock trading, opportunity detection, and back-testing. Trade Ideas uses various algorithms to identify potentially profitable user trading scenarios overnight. This prepares them to use strategies with a higher probability of gaining alpha.
After the market closes, the algorithm (“Holly”) examines the last market session and how it affected the previous 60 trading days. The program then splits the utilized tactics into 35 ideas, each serving a distinct function and aiding in outperforming the competition.
The program considers various variables, including instrument cost, length, price, and volume. Holly uses analysis and research a lot.
The most effective method for optimizing an algorithm is this. It becomes better at trading and analyzing as it does more.
The performance of signals utilized in the past may be seen by users thanks to a backtesting function that uses event-based technology. Extensive alert and chart windows are accessible, as well as comprehensive quote capabilities that enable traders to filter pertinent data.
Trade Ideas is renowned for its powerful capabilities and high-performing algorithms. Additionally, it makes it simple for users to customize their dashboards.
Trend Spider provides comprehensive AI stock chart pattern recognition and smart point-and-click backtesting, allowing users to quickly and efficiently find high-probability trading opportunities.
Trend Spider is a fast-growing business that was founded by Dan Ushman in 2016 to provide a unique service that automates stock analysis. This software uses artificial intelligence and massive mathematical computing power to detect trends that cannot be seen simply by looking at charts.
The usage of AI in Trend Spider is a common feature throughout the program. Trend Spider uses AI to analyze and plot trend lines across multiple time frames on one chart. It also can draw Fibonacci lines intuitively.
Trend Spider offers fully automated AI-powered trendlines Fibonacci and multi-timeframe analysis of the stock market, Forex, crypto and futures. Add a robust backtesting engine, and you have an excellent platform for technical analysis.
Trend Spider has a unique approach to backtesting since the platform was built from scratch to detect trend lines along with Fibonacci patterns automatically. It already includes backtesting capabilities in the core of the software.
The most likely trendlines are automatically flagged. You may modify the detection algorithm’s sensitivity to display more or fewer lines.
Additionally, they feature a Strategy Tester that you may input whatever you wish to test, which will do the coding for you. It’s a smooth and simple implementation that gets started in minutes. It also offers the ability to adjust your backtest conditions on the fly, and the “Price Behavior Explorer” and “System Performance Chart” update automatically. You can try coding if you want, but the key here is that you don’t have to.
They also have the Strategy Tester that lets you freely input the information you wish to test and write the code for you.
Tickeron, another popular financial trading program, embraces artificial intelligence. While some of its features may be similar to Trade Ideas’, it offers a unique user experience that will make trading more enjoyable.
Tickeron is easier to use than any other software. The AI-powered software includes:
AI Robots This product is Tickeron’s flagship. It will allow you to evaluate stocks in real-time and trade according to the designated strategies. Tickeron currently has 31 AI robots. Each robot has its strategy, such as swing trading or trend following. You only need to select a bot that suits your trading style when you purchase Tickeron software.
AI Real-Time Patterns These patterns work differently for robots. They scan the market to detect patterns in trading. They can scan the market and detect stocks that form a head/shoulders pattern. Then they will send you a notification. You can then decide to purchase those stocks immediately. This trading bot sends signals and provides statistical information so that you can make informed decisions.
AI Pattern Search Engine This feature is similar to the AI real-time pattern search engine. It scans the market only at the end and not in real-time.
AI Trend Prediction engine This tool analyzes the stock market and provides an opinion on the trends. This will let you know if the stock’s trend is bullish, bearish, or sideways. This information is crucial for day traders and swing traders.
Additional Features – Tickeron subscribers today will get additional features such as the AI portfolio wizard and scanner search.
Tickeron’s pricing structure is quite complex, unlike other AI trading software. The pricing structure is pay-as-you-go. This means you don’t need to pay anything if you don’t use it.
Tickeron has many benefits. Tickeron is simple to use and accurate because it uses advanced deep learning. The platform is transparent. It does have a complex pricing structure and can show lower returns than advertised. You will need to have a credit card for the free trial.
NAGA is one of the most popular crypto trading platforms. It allows you to set up auto copy trading so that you can copy professional traders. After depositing $250, you can do this.
Naga’s copy trading bot allows traders with no trading or bot coding skills to make money by investing in fixed or regular returns. Automatically copying traders that offer fixed or predictable returns is possible.
It also has a built-in wallet that allows users to deposit, withdraw, withdraw, send and store cryptocurrencies. You can also trade one cryptocurrency for another. These features include auto-copy trading and are available for more than 40 cryptocurrencies.
Key Features and Price:
- Deposit money with banks and credit cards, Skrill and Neteller, Giropay and Giropay, EPS and Ideal, p24.
- Regulated by Cyprus Securities Exchange Commission
- It is unavailable in the USA, Australia, and many other countries.
- Android application for the NAGA platform, in addition to the website application.
- To unlock auto copy trading, the minimum deposit required by NAGA is $250
- You can copy transactions from hundreds of users.
- Trade stocks, cryptos, ETFs, CFDs, and more than 90 other financial instruments.
- To reduce transaction fees, use NAGA debit cards or NAGA coins. The fee for a NAGA debit card is reduced by 50%, while the fee for a NAGA coin can be reduced to 100%
- Trade up to 1000x leverage
- The price difference is only 0.01 pips. $5 withdrawal fee. $20 per month for inactivity. Other fees, such as swap or rollover fees, may apply.
CoinRule is a cloud-based trading bot created in 2017 and operated by a team in the United Kingdom, including Binance, Huobi, Bitfinex, OKEx, and HitBTC. It does not charge any trading fees. You can use it to build different trading rules, allowing you to take advantage of nearly 7,000 techniques.
It doesn’t provide an analysis of technical aspects (TA). Still, it does allow traders to talk about trading ideas and strategies with TradingView. It lets you trade multiple currencies simultaneously.
Key Features and Price:
- Other indicators include the MACD, Bollinger Bands, and RSI (Relative Strength Index).
- Live telegram, email webinars, and other support options are available.
- You may swap templates while using the pro version.
- In addition to the web interface, there are apps for iOS and Android.
- A starter edition is free; however, it is limited in capabilities. The version for hobbyists is $30 per month and $359 annually. The Trader plan costs $600 monthly and $719 for the year. The Pro plan is $450 per month and $5,399 annually.
TradeSanta’s cloud-based crypto trading software suits novice and experienced traders. Although it works around the clock, you don’t have to be there to benefit. Like all other crypto trading bots on our list, it can be connected to various cryptocurrency exchanges, including Binance, Huobi, and others.
Long and short strategies, lots of indications and a responsive support team are all possible with her. Buy tokens at a low price and resell them at a high price via a long trade. On the contrary, the short circuit technique works. You can use grid robots or DCA with this program or Smart Order to place orders.
Key Features and Price:
- Run as many bots as you want with the max plan.
- Use a variety of indicators, such as RSI, MACD and Bollinger bands.
- Support staff.
- In addition to the web platform, Android and iOS are supported.
- The free basic package can only have two bots. The minimum paid plan is $10.5/month for up to 49 bots, while the highest-paid plan costs $70/month for an infinite number of bots. Before the premium subscription options, there is a 5-day trial period.
The CryptoHopper is a cloud-based cryptocurrency trading bot that uses an algorithmic, programmed trading method and enables users to leverage external cues to make smart trades. With nine different cryptocurrency exchanges, including Coinbase, OKEX, KuCoin, Binance, Kraken, Huobi, and many more, users may connect and utilize it.
You may use it to take advantage of free and paid signals from various sources. It is owned and run out of Amsterdam, Netherlands, and employs more than 30 trade indicators and more than 90 candle patterns. It trades more than 75 cryptocurrencies in addition to Bitcoin and is operational around the clock.
Key Features and Price:
- Bollinger Bands, the RSI, Stoch, and several more indicators.
- Trading features include trailing stops, programmable technical indicators, customizable and saveable templates, and backtesting tools for bots.
- No desktop or mobile applications; web-based.
- Free trial; $19, $49, or $99 a month, depending on the plan.
Users may trade and keep track of their portfolios across many exchanges with Shrimpy, a portfolio management and trading tool, from a single interface. Sixteen exchanges are available for asset management and trading. On the platform, trade automation or cryptocurrency bot trading is also carried out using a variety of indications and tactics.
You may instantly clone the accounts you are following by beginning the automation button to rebalance your portfolio automatically. When the individual you follow updates their portfolio, your portfolio will automatically sell or purchase when necessary.
In addition, Shrimpy enables social trading by allowing users to track each other’s trades. This benefits new traders and those looking to share social transactions to earn commissions. You can see other people’s portfolio allocations in digital currencies by following the trades they make.
You can view how many followers you have, the daily or weekly performance charts, and the most recent time that an investor was active for the individuals you follow.
Key Features and Price:
- Before launching automated portfolio allocation strategies, Your bots are evaluated with the backtesting function.
- Affiliate payments receive a 50% bonus during the first three months.
- Demo account to test the website’s functionality.
- No support for mobile; just on the web.
- Three price tiers are available for Shrimpy.io’s solution: Starter ($15/month), Professional ($63/month), and Enterprise ($299/month). These rates are all for yearly billing.
By linking a cryptocurrency exchange account and configuring your investing ideas, Botsfolio enables you to make cryptocurrency investments. No prior knowledge of trading is required.
To design and implement trading bots, you don’t require programming expertise. It functions by exchanging your money. You may monitor your trading activity and gains or losses on the dashboard.
It offers automated trading for users with accounts on Binance, OKx, and Coinbase Pro cryptocurrency exchanges. Through API keys, these are connected.
You may link the accounts to the bot after making a financial or cryptocurrency deposit on various exchanges. At this point, you can choose from scalping, futures trading, value investing, and hedged trading techniques to decide whether to invest. You will provide the allocations for each strategy, and the bots will automatically implement the rules.
Key Features and Price:
- Telegram community for support and tips.
- There is compatibility for Litecoin, Ethereum, Bitcoin Cash, and Bitcoin. Payment options.
- Software intelligence for risk management.
- For portfolio values between $1,000 and $3,000, $5 per month;
- between $3,000 and $10,000, $10 per month;
- between $10,000 and $50,000, $15 per month;
- between $50,000 and $100,000, $20 per month. a quarterly performance fee of 15% of earnings.
You may connect to over 25 cryptocurrency exchanges using the Bitsgap trading bot to execute automated trades. It has a 14-day free trial and lets you join or connect with your Facebook or Google accounts. You may use a demo exchange to test the features before purchasing the advanced plans.
With it, you may engage in cross-exchange arbitrage, and you can make smart trading choices by receiving accurate market signals on time. There are portfolio tracking options in addition to automated and arbitrage trading.
Key Features and Price:
- You may optimize pre-configured trading bots via backtesting in both bull and down markets.
- Trading arbitrage on many exchanges.
- Monitoring and management of a portfolio.
- Just on the web. No Android or iOS devices.
- The monthly cost of the basic paid plan is $19, the advanced paid plan is $44, and the pro paid plan is $110.