Artificial intelligence (AI) is changing how stock trading works by using powerful computers to do tasks that imitate human thinking and knowledge at a very high level. AI and machine learning (ML) help avoid mistakes because of automated processes and rules, getting rid of errors that humans might make and saving time.
Many AI technologies can handle huge amounts of data that is easily accessible. These data sets are then used with real-time information, helping make accurate predictions and trades.
One significant way AI is transforming stock trading is by bringing in bots. These machines make decisions faster and with fewer mistakes, leading to more profitability.
Overview of AI Stock Trading Bots & Software
AI trading means using artificial intelligence technologies to make investment choices and carry out trades.
Instead of depending only on human analysis, AI bots can handle large amounts of data and discover insights that humans might overlook.
Key advantages of AI Stock Trading Bots
- Speed — AI bots can analyze data and execute trades in milliseconds, much faster than humans. This enables seizing brief opportunities.
- Emotionless decisions — Bots follow programmed logic and aren’t influenced by emotions like fear or greed. This eliminates bias from trading.
- Constant monitoring — Bots can keep an eye on markets around the clock and take advantage of opportunities at any time.
- Scalability — Once initially programmed, bots can be expanded to handle more data and larger trade volumes.
- Backtesting — Bots can test trading strategies on historical data to confirm their effectiveness before risking real capital.
Quick Review
| AI Trading Bot | Main Features |
|---|---|
| Trade Ideas | – AI Algorithms – Simulated Training – Suggested Entry & Exit Signals – Full Quote Windows – Custom Layout |
| Stock Hero | – Simulated paper exchange – No coding needed – Backtesting in 6 time frames – Bots Marketplace |
| Tickeron | – AI Trend Forecasting – AI Active Portfolios – Custom Pattern Search Criteria – AI Robots – Customizable Confidence Levels |
| Scanz | – Market scanning platform – Scans over 100 variables – News Scanner – Integrates with multiple brokers |
| TrendSpider | – Trading Bots – Dynamic Price Alerts – Asset Insights – Backtesting – Raindrop Charts |
| Signal Stack | – Automatically place Market and Limit orders – Detailed logs of interactions – Automated alerts – No coding required – Rapid signal conversion |
| Imperative Execution | – IntelligenceCross – ASPEN system – Automated order management – Near-continuous order matching |
| Algoriz | – Intuitive interface – Connects to different data vendors – Supports BTC, ETH, and more – Connect broker account |
| Kavout | – “Kai” machine-learning process – Analyzes millions of data points – Paper trading portfolio – Market analysis tool |
Top 9 AI Stock Trading Bots You Can Try
Trade Ideas
Trade Ideas is a top AI stock trading bot. It has a skilled team of financial tech experts and developers. The software is created by their own US-based developers, connecting directly to Exchanges. It observes every market movement in real-time, comparing it to past behavior. With dozens of investment algorithms, the AI setup enhances users’ trading.
Designed for all experience levels, Trade Ideas offers simulated training for beginners and prebuilt AI trading tools for intermediate traders. Experts can fully customize trade strategies using the AI-Holly bot, suggesting statistically weighted Entry Signals and Exit Signals based on different risk management.
Trade Ideas provides Full Quote Windows for easy stock price understanding, displaying fundamental data, and customizable layouts.
Main features:
- AI Algorithms
- Simulated Training
- Suggested Entry & Exit Signals
- Full Quote Windows
- Custom Layout
Stock Hero
At the top of our list is Stock Hero, a versatile platform that provides a simulated paper exchange for testing strategies without any risk. Once you’re happy with the results, you can easily use your bot in the real world.
No coding is needed to create, test, and deploy bots quickly. Options include connecting API keys for trading across various exchanges, using a web interface, or an iOS or Android app. Backtesting can be done in six different time frames, from 1 Day to 1 Year.
StockHero uses candlestick data from brokerages, evaluating trade signals based on each candlestick’s open value. With a cloud-based platform, trading speed increases, reducing potential delays in time-sensitive trades.
An essential feature is StockHero’s Bots Marketplace, a groundbreaking place where new users can immediately benefit from well-performing stock trading bots created by experienced traders.
Tickeron
Tickeron is another excellent AI stock trading bot option. This advanced platform offers various AI trading features. The AI Robots feature displays bought and sold trades with potential profit and stop loss in real-time. These robots scan stocks and ETFs every minute, presenting them in a customizable field for trade opportunities based on real-time patterns.
Tickeron includes AI Trend Forecasting, predicting market trends using historical price data. Users can customize confidence levels, setting minimum levels for AI-recognized trends and patterns, accommodating different risk preferences.
Main features of Tickeron:
- AI Trend Forecasting
- AI Active Portfolios
- Custom Pattern Search Criteria
- AI Robots
- Customizable Confidence Levels
Scanz
Scanz, an all-in-one market scanning platform for day and swing traders, swiftly scans the entire stock market. Users can scan over 100 price, volume, technical, and fundamental variables or choose pre-built scans by the Scanz trading team.
Designed to identify active stocks from 5:00 am to 8:00 pm EST, Scanz offers the News Scanner for quick access to the fastest and most advanced news feed. With over 100 news sources, it ensures users don’t miss any real-time, market-moving events.
Stock notifications include:
- Stocks making new highs or lows
- Breaking out of price or volume ranges
- Unique block trade signals
- Liquidity or technical filters
An informative window integrates with multiple brokers, including Interactive Brokers or TD Ameritrade. It provides essential information like charts, level 2, time & sales, fundamentals, and news.
TrendSpider
TrendSpider offers advanced automatic technical analysis with a unique machine learning algorithm. Aimed at day traders and general investors, it scans historical market data to identify trends in the forex market. Human traders then use this information for effective trades.
TrendSpider’s AI Stock Trading Bots turn strategies into automated bots. After perfecting strategies with the Strategy Tester, launch them as Trading Bots. These bots can trigger events based on strategy conditions, customizable for private Discord servers or order routing systems.
Main features:
- Trading Bots
- Dynamic Price Alerts
- Asset Insights
- Backtesting
- Raindrop Charts
Signal Stack
SignalStack simplifies converting alerts from any trading platform into executed orders in any brokerage account. It automates orders like hedge funds, leveling the playing field for retail traders. This enterprise-grade platform is highly available and reliable, processing signals from any system into live orders.
Features:
- Automatically place Market and Limit orders
- Detailed logs of interactions with brokers
- Automated alerts for exceptions
- No coding required
- Convert signals into orders rapidly to minimize slippage
Also read: 15+ Best AI Background Remover in 2024
Imperative Execution
Imperative Execution gathers information about financial exchanges, especially those related to U.S. Equities. The company owns Intelligent Cross US equities ATS, the first venue to use AI for optimizing trading performance. The platform improves price discovery and reduces market impact to make the market work better. The IntelligenceCross tool matches orders quickly, maximizing price discovery. Imperative Execution also has the ASPEN system, acting as a bid/offer book, and the IQX data feed, giving a detailed view of all Aspen executions.
Main features of Imperative Execution:
- IntelligenceCross
- ASPEN system
- Automated order management
- Near-continuous order matching
Algoriz
Algoriz is an AI stock trading bots that allowing quick building, backtesting, and automation of trading strategies in Equities and Cryptocurrencies. The user-friendly interface connects to different data vendors, supporting Bitcoin, Ethereum, XRP, and more. You can securely link your broker account to automate trading algorithms and create strategies with broker data or Algoriz’s vendor data. It’s suitable for users with limited programming knowledge, offering a simulated matching engine for testing various algorithms and supporting over 10,000 different strategies.
Main features of Algoriz:
- Intuitive interface
- Connects to different data vendors
- Supports BTC, ETH, and more
- Connect broker account
Kavout
Kavout is an innovative AI investing platform closing our list of best AI stock trading bots. At its core is “Kai,” an AI analyzing millions of data points, filings, stock quotes, news, blogs, and social media to provide an accurate view. The software uses various financial and engineering models for classification, regression, and more, compiling results into predictive rankings for stocks and other assets. Additional features include a paper trading portfolio for testing investment strategies and a market analysis tool filtering the best stocks with a calendar for tracking stock performance.
Main features of Kavout:
- “Kai” machine-learning process
- Analyzes millions of data points
- Paper trading portfolio
- Market analysis tool
