Are you looking for a way to boost your returns in the stock market? Do you want to leverage the power of artificial intelligence to make smarter trading decisions? If yes, then you might be interested in trying out some of the best AI stock trading bots available in 2024.
In this article, we will review 10 of the best AI stock trading bots that you can try in 2024, and compare their features, benefits, and drawbacks. Whether you are a beginner or a seasoned investor, there is a bot for you. Let’s get started!
Best AI Stock Trading Bots
AI stock trading bots are software applications that utilize artificial intelligence (AI) and machine learning algorithms to automate the trading process. They can scan the market data, generate trading signals, execute trades, and optimize your portfolio based on your preferences and goals.
|No Software To Install
|No coding required
|VectorVest has a mobile app
|Rich library of alternative data
These trading bots are designed to automate various aspects of trading, ranging from market analysis to trade execution, with the goal of optimizing trading strategies, minimizing human error, and capitalizing on market opportunities.
StockHero is an automated stock trading software that offers users the ability to configure trading logic into “bots” via a user-friendly interface. StockHero will trade on the user’s behalf automatically based on the entry and exit conditions setup by the user. It is a Saas stock trading bot that helps users to automate the buying and selling of stocks.
Features of StockHero
- No Software To Install: StockHero hosts the hardware and software needed to run a powerful stock trading bot platform.
- Trade Anytime Anywhere: StockHero offers our intuitively-designed Web app, iOS and Android mobile apps.
- AI ChatBot: You can talk to StockHero’s AI ChatBot to get instant and personalized responses to your financial questions.
- Paper Trade: You can trade risk-free on a virtual exchange with no real capital needed.
Trade Ideas is a web and desktop-based software platform that provides AI-driven stock scanning, charting, and trading signals for active traders. It is designed to meet the needs of active traders by providing tools such as real-time market scanning, customizable alerts, advanced charting capabilities, and time-saving data visualization.
Features of Trade Ideas
- AI Trading Signals: Trade Ideas AI gives real-time symbol entry and exit ideas from a scan that modifies itself every night based on past data simulated back testing.
- Picture-in- Picture: IP Charting allows our subscribers to see multiple trends at the same time.
- Streaming Alert: The Crown Jewel of Trade Ideas that nobody else has; a real-time scanner that alerts you the moment the event triggers.
- External Linking: Sync Trade Ideas with another app for charts or trading, and easily transfer the ticker symbol to it.
Tradespider is a trading software that offers smart charts, real-time scanners, robust backtesting, dynamic alerts, automated analysis, trading bots and more. It is designed by traders, for traders, to help them find, plan and time their trades with greater efficiency and precision.
Features of TrendSpider
- Robust Backtesting: This is a feature that allows you to test your trading strategies on historical data and see how they would have performed in different market conditions.
- Real-Time Scanners: These are powerful scanners that help you find trading opportunities based on technical, fundamental, pattern, and multi-timeframe criteria.
- Intuitive & Easy to use: Powerful and user-friendly tools for charting and technical analysis that enable you to act fast and smart in your trading.
Tickeron is an AI trading platform that provides various tools and features that use artificial intelligence and natural language processing to help traders and investors with market analysis, trading signals, portfolio management, and more. It allows to exchange and subscribe to different products and services related to trading and investing.
Features of Tickeron
- Stock Screeners: Users can filter and screen stocks based on specific criteria like market cap, price movements, volume, and other fundamental or technical indicators.
- Education and Insights: Tickeron offers educational resources, market insights, and trading ideas to help users understand the market trends and improve their trading strategies.
- AI Robots: Automated trading systems that generate buy and sell signals, including Signals Only, Virtual Accounts, and Real Money.
Signal Stack is a service that allows you to automate your trading orders based on alerts from your charting platform. It is a cloud-based software that lets you create, test and run your own customizable crypto robot in just a few minutes. You can trade popular cryptocurrencies such as Bitcoin, Ethereum and many others on various exchanges.
Features of Signal Stack
- Supports multiple brokers and assets: You can connect your SignalStack account to various brokers and crypto exchanges, and trade any assets.
- Savvy broker interaction logs: Keep tabs on every move with Signal Stack’s comprehensive logs.
- Reliable and fast order execution: SignalStack claims to have 99.99% uptime and send your orders to your broker in less than 0.45 seconds.
- No code, no problem: Signal Stack’s user-friendly interface ensures you don’t have to write a single line of code.
Scanz is the fastest and most actionable trader workstation ever created for monitoring live, market-moving activity. Our proprietary terminal brings together powerful scanners, alerts, newsfeeds, charts, unique montages and customizable layouts within a beautifully designed and intuitive platform.
Features of Scanz
- Easy Scanner: A simple and intuitive stock scanner that requires zero coding.
- News Scanner: Enables you to scan the stock market in real-time and find profitable trading opportunities.
- Breakouts Module: A specialized scanner that alerts you to stocks that are breaking out of predefined patterns, such as triangles, wedges, flags, and more.
- Trading Integration: Depending on the plan or version, Scanz might integrate with various brokerage platforms, enabling users to execute trades directly from the Scanz platform.
Algoriz is an AI-driven trading platform designed for traders and merchants that empowers users to swiftly construct, backtest, and automate trading strategies for equities and cryptocurrencies. It offers a user-friendly edge by enabling traders to effortlessly build trading algorithms.
Features of Algoriz
- Backtesting and optimization: Algoriz lets you backtest your algorithms on historical data and optimize them for maximum performance.
- Algorithmic trading platform: Algoriz is a tool that allows users to create, test, and automate trading algorithms for various coins and stocks.
- Risk Management Tools: Algoriz may include risk management features that help users control and manage the risk associated with their trading strategies.
VectorVest is an investment research platform designed to assist individual investors in making more informed decisions in the stock market. The platform offers a comprehensive set of tools and analytics to evaluate stocks and optimize investment strategies.
Features of VectorVest
- Daily Stock Picks: Every day our VectorVest experts’ hand-select and showcase hot stocks for you to consider.
- Successful Investing Coaching Group: Live coaching group designed to help you get the most out of VectorVest and grow your portfolio.
- Portfolio Management: Helps you create and manage their own portfolios based on their risk tolerance, investment objectives, and personal preferences.
- Mobile Access: VectorVest has a mobile app that allows users to access the software from anywhere and anytime.
QuantConnect is an open-source, cloud-based algorithmic trading platform that allows traders to design, test, and execute their own trading strategies for equities, FX, futures, options, derivatives, and cryptocurrencies. It provides a free algorithm backtesting tool and financial data to help engineers design algorithmic trading strategies .
Features of QuantConnect
- Open-source and community-driven: You can modify the source code to suit your needs and join the global community of quants, researchers, data scientists, and engineers.
- Rich library of alternative data: You can access more than 40 distinct vendors of alternative data that are linked to the underlying securities and ready to be used in live trading.
- Research: QuantConnect provides Jupyter Lab research notebooks that can be used to analyze data, generate insights, and prototype strategies.
- Backtesting: QuantConnect enables users to run backtests on their local hardware or on QuantConnect’s cloud compute systems.
CryptoHero is one of the best crypto trading bot that automates your trades round the clock. It is a cloud-based software that lets you create, test and run your own customizable crypto robot in just a few minutes. CryptoHero has a web version and mobile apps for Android and iOS. It also has a bots marketplace where you can access proven bots setup by experienced traders.
Features of CryptoHero
- Automated trading: CryptoHero can do all of the market analysis, trading and managing positions for you whilst you go about your daily business.
- Bots Marketplace: CryptoHero has a bots marketplace where you can access proven bots setup by experienced traders.
- Multi-Exchange Support: Multiple cryptocurrency exchanges, enabling users to trade across various exchanges from a single interface.
- Mobile Access: Has a mobile app that allows users to access it from anywhere.
How to Choose the Best AI Stock Trading Bots?
- Performance: You should look for trading bots that have a proven track record of generating consistent and profitable returns in different market conditions.
- Features: Look for trading bots that offer the features and tools that suit your trading style, objectives, and preferences.
- Pricing: Look for trading bots that offer a reasonable and transparent pricing model that fits your budget and expectations.
- Reputation: Look for trading bots that have a good reputation and credibility in the trading community.
- Compatibility: Look for trading bots that are compatible with your preferred trading platforms, brokers, and devices.
Frequnetly Asked Questions
Are AI Stock Trading Bots Legal?
AI stock trading bots are legal in most countries, as long as they comply with the rules and regulations of the relevant authorities and exchanges. However, some countries may have laws or restrictions on the use of AI stock trading bots, especially for crypto trading.
How much do AI Stock Trading Bots Cost?
The cost of AI stock trading bots varies depending on the features, functionality, and data they offer. Some AI stock trading bots offer free trials or freemium plans, while others charge a monthly or annual subscription fee.
Can AI Stock Trading Bots be Integrated with Other Software?
Yes, AI stock trading bots can be integrated with other software, such as platforms that provide real-time data, analytics, and market sentiment.
AI stock trading bots are becoming more popular and accessible in 2024, as they offer various benefits for investors who want to optimize their trading strategies, reduce risks, and increase profits. In this article, we have reviewed 10 of the best AI stock trading bots to try in 2024, based on their features, performance, pricing, and customer feedback.
Whether you are a beginner or an expert, a long-term or a short-term trader, there is an AI stock trading bot for you in this list. We hope that this article has helped you find the best AI stock trading bot for your trading journey in 2024.