Artificial Intelligence (AI) is transforming the stock market landscape by using computing power to perform tasks that replicate human logic and expertise at a very advanced level. AI and machine learning (ML) lead to fewer errors through automated processes and rules, which eliminate human errors of calculation while reducing the need for humans to spend hours performing tasks.
Many AI technologies can process incredible amounts of readily available data and datasets. These datasets are then applied to real-time data, resulting in accurate forecasts and trades.
One of the main ways that AI is changing the world of stock trading is by introducing bots into it. These machines make decisions faster and with far fewer errors, which means they improve profitability.
There are many great options out there, so let’s take a look at the 7 best AI stock trading robots:
Topping our list of the best AI stock trading bots is Trade Ideas, which is an impressive stock trading software backed by an incredibly talented team that includes fintech entrepreneurs and developers. The technology is built from the ground up by the company’s own team of US developers, and their server connects directly to exchanges. The system monitors every tick and measures behavior against the past in real time. The configuration of the AI stock trading bot consists of several dozen investment algorithms that allow users to improve their trading.
Trade Ideas was designed for investors of all experience levels. Beginners can learn quickly and start with simulated training and practice sessions, while intermediate traders can build on their experience with pre-built AI trading management technologies. As for experts, Trade Ideas allows them to fully customize their trading strategies and leverage AI to improve them.
The company’s AI-Holly bot gives suggested entry signals which are statistically weighted, and there are suggested exit signals based on different risk managements for intraday trade management.
Trade Ideas also offers its comprehensive quote windows, which make it easier to understand a stock’s price by displaying a window with all the fundamental data that contributes to the stock, as well as custom layouts, which allow you to customize your channels or choose a preconfigured layout.
Here are some of the main features of Trade Ideas:
- Artificial intelligence algorithms
- Simulated training
- Suggested input and output signals
- Full quote windows
- Custom layout
Tickeron is another great option for an AI stock trading bot. It is an advanced platform that offers a wide range of AI trading options. The platform’s AI robots allow you to view trades bought and sold with potential profit and stop loss in real time.
AI bots scan stocks and ETFs every minute and present them in a customizable field. You can adjust the selection from the given list, and the AI robot analyzes the tickers in the list to find trading opportunities based on real-time patterns. AI bots also operate automated trading rooms where AI performs trades based on multiple neural networks.
Tickeron offers many cool features, such as AI trend forecasting. The platform’s AI trend prediction engine relies on historical price data to predict changing market trends, and it includes a confidence level so you can see the odds of success for each predicted trend.
The platform also allows users to customize trust levels. Each user can set a minimum confidence level for AI-recognized trends and patterns, allowing more risk-averse people to use more proven techniques.
Here are some of the main features of Tickeron:
- AI Trend Forecasting
- AI Active Portfolios
- Custom Template Search Criteria
- AI robots
- Customizable trust levels
TrendSpider brings advanced automatic technical analysis with its unique machine learning algorithm and trading platform. Stock analysis software is for everyone from day traders to general investors.
TrendSpider’s proprietary algorithm analyzes historical market data to find trends in the forex market. After identifying these trends, it sends them to human traders who use the information to make efficient and profitable trades.
As for TrendSpider’s trading bots, they can help turn your strategy into a fully automated, position-aware bot that can perform virtually any task. You first tone and perfect your strategy with the platform’s Strategy Tester before launching it as a Trading Bot.
Trading Bots allows you to automatically trigger an event when certain conditions in your strategy are met. This means that a trading bot can be designed to post to a private Discord server, or it can trigger an order routing system to place trades in a brokerage or exchange account.
Trading robots are highly customizable and flexible, which means they can match your exact strategy. They work for any period of 15 minutes and more, never expire, and are powered by a cloud-based system.
Apart from trading robots, TrendSpider’s all-in-one platform also offers analysis and filtering for better trade setups, time-saving smart charts, dynamic price alerts that improve the timing of your transaction, and much more.
Here are some of the main features of TrendSpider:
- Trading bots
- Dynamic price alerts
- Asset overview
- Raindrop graphics
* Receive 10% off any TrendSpider plan for 12 months with code: 10TS
Another great option for an AI stock trading bot is Equbot, which leverages IBM Watson to enable an efficient AI investment platform that helps users make smarter decisions. One of the unique things about Equbot is that it combines data from ETFs and AI, which it then processes to provide detailed analytics and alerts.
Equbot also performs random analysis of news articles from around the world and analyzes social media events to keep you up to date with the latest financial news. The software also has the ability to learn your preferences over time, which means you’ll save time by not having to teach the program how you like to operate.
Here are some of the main features of Equbot:
- IBM Watson integration
- Combines data from ETFs and AI
- Random news and social media analytics
- Learns user preferences over time
Imperative Execution gathers information on financial exchanges, particularly those relating to US equities. The organization is the parent company of Intelligent Cross US equities ATS, which pioneered the use of AI to optimize trading performance.
The platform optimizes price discovery and minimizes market impact to improve market efficiency. The IntelligenceCross tool matches orders at specific times and within microseconds of their arrival, maximizing price discovery.
Imperative Execution also has the ASPEN (Adverse Selection Protection Engine) system, which acts as a bid/offer book. There’s also the IQX data feed, which gives you a detailed view of all runs on Aspen.
Here are some of the key features of imperative execution:
- ASPEN system
- Automated order management
- Near-continuous order matching
Toward the end of our list is Algoriz, which is AI software that lets you quickly create, test, and automate stock and cryptocurrency trading strategies. The intuitive interface connects you to different data providers and supports Bitcoin, Ethereum, XRP and many other coins.
You can also securely connect your broker account to Algoriz to automate your trading algorithms, as well as build strategies with broker data alone or with data from Algoriz vendors.
The platform is a great option for those with limited programming knowledge as it provides users with a simulated matching engine to test various algorithms. It supports over 10,000 different strategies designed and tested on Algoriz.
Here are some of the main features of Algoriz:
- Intuitive interface
- Connects you to different data providers
- Supports BTC, ETH and more
- Connect Broker Account
Closing our list of top 7 AI stock trading robots is Kavout, which is an innovative AI investment platform. At the heart of the platform is “Kai”, which is an AI machine that analyzes millions of data points, deposits and stock quotes. The AI also analyzes news, blogs, and social media channels to provide the most accurate view.
The software runs the data through a variety of financial and technical models which include classification, regression, etc. The software compiles the results into a predictive ranking for stocks and various other assets.
Some of Kavout’s additional features include a paper trading portfolio that allows you to test investment strategies before using real money. The platform’s market analysis tool filters out the best stocks and provides a timeline to track stock performance.
Here are some of the main features of Kavout:
- “Kai” machine learning process
- Analyze millions of data points
- Paper Trading Portfolio
- Market analysis tool