Picture this: you’ve just settled in front of your computer to trade crypto. You’ve done your research and got a strategy all mapped out. But just as you’re about to get started, you notice that the market has shifted. Instead of executing your plan, you scramble to adjust to the new environment. This entails a lot of stress and the possibility of missing your window to make the trade entirely. Automated trading aims to eliminate this kind of scenario by maximizing the efficiency of executing trades and helping you to minimize risk. The best-automated trading platforms can take over the trading process entirely, alleviate the emotional stress of trading, and help you execute your strategy seamlessly, even if the market changes suddenly. In this article, we will explore the best-automated trading platforms currently available to help you find reliable and efficient software that maximizes profits, minimizes risk, and requires minimal manual effort to maximize profits.
One solution to help you achieve your objectives is trading VPS by QuantVPS. This best VPS for trading will help you find a reliable and efficient automated trading platform that maximizes profits and minimizes risk and requires minimal manual effort to maximize profits.
What Is Automated Trading & How It Works
Automated trading systems—also referred to as mechanical trading systems, algorithmic trading, automated trading, or system trading—allow traders to establish specific rules for trade entries and exits that, once programmed, can be automatically executed via a computer. In fact, as of 2024, 70% to 80% of shares traded on U.S. stock exchanges come from automatic trading systems.
Traders and investors can turn precise entry, exit, and money management rules into automated trading systems that allow computers to execute and monitor the trades. One of the biggest attractions of strategy automation is that it can take some of the emotion out of trading since trades are automatically placed once specific criteria are met.
Creating Trade Strategies, Programming Languages, and Platform-Specific Tools for Automated Trading
Trade entry and exit rules can be based on simple conditions, such as a moving average crossover, or on complicated strategies that require a comprehensive understanding of the programming language specific to the user’s trading platform. They can also be based on the expertise of a qualified programmer.
Automated trading systems typically require software linked to a direct access broker, and any specific rules must be written in that platform’s proprietary language:
- The TradeStation platform uses the EasyLanguage programming language.
- The NinjaTrader platform utilizes NinjaScript.
The figure below shows an example of an automated strategy that triggered three winning trades during a trading session.
Developing Trading Rules
Some trading platforms have strategy-building wizards that allow users to select from a list of commonly available technical indicators to build a set of rules that can be automatically traded. The user could establish, for example, that a long position trade will be entered once the 50-day moving average crosses above the 200-day moving average on a five-minute chart of a particular trading instrument.
Users can also input the type of order (market or limit, for instance) and when the trade will be triggered (for example, at the close or opening of the next bar) or use the platform’s default inputs.
The Benefits of Custom Indicators and Automated Order Management in Fast-Moving Markets
Many traders, however, choose to program their custom indicators and strategies. They will often work closely with the programmer to develop the system. While this typically requires more effort than using the platform’s wizard, it allows much greater flexibility, and the results can be more rewarding. Unfortunately, just like anything else in the trading world, no perfect investment strategy will guarantee success.
Once the rules have been established, the computer can monitor the markets to find buy or sell opportunities based on the trading strategy’s specifications. Depending on the specific regulations, it will be automatically generated when a trade is entered. In fast-moving, any orders for protective:
- Stop losses
- Trailing stops
- Profit targets markets
This instantaneous order entry can mean the difference between a slight loss and a catastrophic loss if the trade moves against the trader.
Why Use Automated Trading Systems?
There is a long list of advantages to having a computer monitor the markets for trading opportunities and execute the trades, including:
Minimize Emotions
Automated trading systems minimize emotions throughout the trading process. By keeping emotions in check, traders stick to the plan more efficiently. Since trade orders are executed automatically once the rules have been met, traders cannot hesitate or question the trade. In addition to helping traders afraid to “pull the trigger,” automated trading can curb those apt to overtrade—buying and selling at every perceived opportunity.
Backtesting
Backtesting applies trading rules to historical market data to determine the idea’s viability. When designing a system for automated trading, all rules need to be absolute, with no room for interpretation. The computer cannot make guesses and must be told precisely what to do. Traders can test these rules on historical data before risking money in live trading.
Careful backtesting allows traders to evaluate and fine-tune a trading idea and to determine the system’s expectancy—i.e., the average amount a trader can expect to win (or lose) per unit of risk.
Preserving Discipline
Because trade rules are established and trade execution is performed automatically, discipline is preserved even in volatile markets. Discipline is often lost due to emotional factors such as fear of taking a loss or the desire to eke out a little more profit from a trade. Automated trading helps maintain discipline because the trading plan will be followed precisely. In addition, “pilot error” is minimized. For instance, an order to buy 100 shares will not be incorrectly entered as an order to sell 1,000 shares.
One of the biggest challenges in trading is planning and trading the plan. Even if a trading plan has the potential to be profitable, traders who ignore the rules are altering any expectancy the system would have had. There is no such thing as a trading plan that wins 100% of the time. After all, losses are a part of the game. Losses can be psychologically traumatizing, so a trader with two or three losing trades might skip the next trade. The trader would have already destroyed the system’s expectancy if this next trade had been a winner. Automated trading systems allow traders to achieve consistency by trading the plan.
Improving Order Entry Speed
Since computers respond immediately to changing market conditions, automated systems can generate orders when trade criteria are met. Getting in or out of a trade a few seconds earlier can significantly affect the trade’s outcome. All other orders, including protective stop losses and profit targets, are automatically generated as soon as a position is entered.
Markets can move quickly, and it is demoralizing to have a trade reach the profit target or blow past a stop-loss level before the orders can even be entered. An automated trading system prevents this from happening.
Diversifying Trading
Automated trading systems allow users to trade multiple accounts or strategies simultaneously. This can spread risk over various instruments while creating a hedge against losing positions. What would be incredibly challenging for a human to accomplish is efficiently executed by a computer in milliseconds. The computer can scan for trading opportunities across various markets, generate orders, and monitor trades.
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How To Choose the Best Automated Trading Platform
Select a Platform That Matches Your Trading Style and Preferences
Choosing the right platform is simply crucial to your trading success. The best-automated trading platform will give you swift access to market changes while offering you the utmost security and quality customer support.
The right platform should be reliable and align with your individual trading goals and, of course, risk tolerance.
Ease of Use, Find a User-Friendly Automated Trading Platform
An excellent automated trading platform should be easy to use, even if you are new to the trading scene and aren’t tech-savvy. So, we need to ensure the interface is user-friendly and intuitive and facilitates efficient order placement. Easy access to essential trading information further helps make timely and optimal decisions.
Of course, you need a platform that caters to your specific preferences because what works for one trader may only sometimes work for another. Also, in today’s digital world, where mobile phones are the way to not just entertainment but also work, we need to ensure that the automated trading platform has mobile applications for both iOS and Android devices so that you can trade on the go.
Trading Tools: The Best Automated Trading Platforms Have Plenty of Features
Several platforms provide a range of financial instruments, such as:
- Stocks
- Commodities
- ETFs
- Forex
- Cryptocurrencies
It needs to be made sure the platform you choose supports the instruments you want to trade. Moreover, a platform’s trading tools should align with your trading strategy.
Every trader has different strategies and preferences, which means you need a platform with significant customizable options to adjust it to suit your unique needs. Alongside customization, it’s also essential to consider the type of order execution and the execution speed before deciding on the best platform.
Features and What Does the Automated Trading Software Offer?
Those who wish to dip their toes into automation may look into features like copy trading to follow experienced investors or semi-automated bots via signals to place your bets manually. When choosing an automated trading platform, it is crucial to consider features such as:
- Real-time data
- Advanced charts
- Risk management tools
- Several technical indicators
- Timeframe options
Moreover, examining educational materials helps your trading journey and is just as essential for traders to make informed trading decisions. Platforms offer these elements regarding:
- News
- Market analysis
- Reports
- Guides
- Webinars
- Courses
- Videos
- Other resources
A reliable platform must also enable you to experiment with new trading features and strategies before you go live with your real money.
Backtesting and Optimization Capabilities, Can You Test Your Strategies?
Opt for software that offers comprehensive backtesting and optimization tools to test and refine your trading strategies. Evaluate historical data analysis features to assess your strategy’ under various market conditions. Refine trading strategies based on insights gained from historical data analysis.
Security & Reliability: Is the Platform Secure?
It is essential to make sure that the platform is reliable and secure. For that, we look for platforms that have been around for a while and have built a good reputation among traders.
A trading platform regulated by a prominent authority, such as the FCA in the UK, further ensures that it complies with industry standards for financial practices. Other factors we need to consider when choosing a platform for automated trading are its terms of service and privacy policies.
Evaluating Platform Reliability and Security, The Key Factors for Choosing a Trading Platform
It’s also important to look at a platform’s historical uptime and whether it has had any significant downtimes. Given that the trading platform you choose will provide you access to markets and where you’ll make your trades, you need it always to function or risk missing out on lucrative opportunities.
As for security, a platform must utilize two-factor authentication and robust encryption protocols like SSL/TLS encryption to prevent unauthorized access to sensitive information.
Customer Support and What If You Run Into Issues?
A good platform offers responsive customer support to help its clients whenever any issues or questions arise about using the software or technical difficulties. Knowledgeable customer service must also be available 24/7 via:
- Phone
- Live chat
Additionally, user reviews and testimonials help gauge other traders’ experiences of the platform and its reputation in the market.
Pricing Model, Choose an Automated Trading Platform That Fits Your Budget
No matter how good a platform is, it must fit your budget. Some platforms offer monthly subscriptions, while others have a per-transaction-based pricing model.
Then, there are fees charged by different platforms that need to be compared by considering factors such as:
- Commission
- Spread
- Transaction fees
- Subscription fees
- Deposit fee
- Withdrawal fee
- Charges on currency exchange
- Inactivity fees
- Management fees
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37 Best Automated Trading Platforms Reviewed
1. QuantVPS, One of the Best Automated Trading Platforms for 2024
QuantVPS delivers high-performance, cost-effective trading VPS solutions tailored for algo traders. Our platform offers ultra-low latency of 1 millisecond, ensuring lightning-fast execution for:
- Futures
- Crypto
- Equities
- Forex trading
We support major trading platforms, including:
- NinjaTrader
- TradeStation
- MetaTrader
- Interactive Brokers
- Sierra Chart
- Quant Tower
With 24/7 support and a 100% uptime guarantee, QuantVPS provides a reliable, speed-optimized environment for traders to run their automated strategies continuously and efficiently. Get started and deploy your trading VPS today!
Why QuantVPS?
QuantVPS stands out in the market because we understand traders’ unique requirements. Our infrastructure is designed from the ground up to offer the lowest latency, highest uptime, and rock-solid reliability, ensuring your trading algorithms execute with precision and speed. Automated trading systems must run 24/7 without interruption, and QuantVPS offers the perfect solution to keep your trading strategies online and functioning optimally.
Key features of QuantVPS:
1. Ultra-Low Latency
Time is money, and in trading, milliseconds matter. Our VPS servers are strategically located near major financial hubs and exchange data centers to ensure minimal latency. This provides you with faster trade execution, reducing slippage and improving the overall efficiency of your automated trading strategies.
2. 24/7 Reliability
Automated trading systems operate around the clock, and so do we. QuantVPS guarantees a 99.99% uptime, meaning your trading algorithms are always online. Our VPS servers are monitored 24/7 by experienced technicians to ensure continuous operation and immediate troubleshooting if necessary.
3. Global Infrastructure
With server locations across the globe in major financial centers, QuantVPS ensures you’re always connected to the exchanges you trade on with the best possible connection speed. QuantVPS gives you the proximity advantage, whether you’re trading in:
- New York
- London
- Tokyo
- Any other financial hub
4. Customizable Server Plans
QuantVPS offers a range of server configurations to suit your trading needs, from beginners to institutional traders. You can choose the resources that fit your strategy, including:
- CPU
- RAM
- Storage
- Bandwidth
This flexibility allows you to scale your trading infrastructure as your needs evolve, ensuring you always have the power to execute your strategies without interruption.
5. Lightning-Fast Setup
QuantVPS knows that when you’re ready to trade, you don’t want to wait. That’s why we offer an instant setup process that gets your server up and running within minutes. You can start trading immediately after signing up and configuring your VPS with your preferred trading platform.
2. eToro: Best Overall Automated Trading Platform in 2024
eToro tops our list of best automated trading platforms due to its user-friendly features and multi-asset trading options. It offers over 5000 assets, including:
- 90+ cryptocurrencies
- Stocks
- Bonds
- Indices
- Commodities
- Funds
Please note that eToro users in the US can trade only:
- Bitcoin
- Ethereum
- Bitcoin Cash
Where eToro stands out is its CopyTrading and Smart Portfolios:
- The CopyTrading feature lets you set aside a certain amount and use it to copy the trades of seasoned investors proportionately. This can be a tremendous automated trading strategy for new traders.
- Another option is Smart Portfolios, which are long-term investment portfolios designed by eToro experts that combine a range of financial assets. You can choose the level of risk you’re comfortable with and the portfolio style. As an extra benefit, you won’t have to pay any portfolio management fees to access this feature.
Many of these Smart Portfolios combine cutting-edge algorithms and AI to stay ahead of market movements and trends. These curated portfolios can automate your trading while adding that essential human touch.
Using a copy trading or a Smart Portfolio in adverse market conditions means your automated trading strategy will be quickly altered as they are actively managed. There are also social trading features where new traders can chat with more experienced traders and gain some first-hand knowledge.
Pros:
- Copy trading feature
- Social trading elements
- Smart Portfolios curated by eToro experts
- Actively managed portfolios
Cons:
For bots, you will need a third-party bot provider
3. Dash2Trade: New Automated Trading Platform with Crypto Bots and Strategy Development Tools.
Dash2Trade is a new crypto trading and analysis platform from the team behind Learn2Trade, which took the third spot on this list. This group of traders knows how to make outstanding, trader-centric tools. Dash2Trade offers two crypto trading bots, which you can use to trade over 400 tokens across six centralized crypto exchanges. The bots offer trading based on either a dollar-cost averaging (DCA) or grid trading strategy.
Dash2Trade plans to roll out additional trading bots over the coming months. In addition, the platform is building a tool to enable traders to:
- Build
- Backtest
- Deploy crypto trading bots based on fully custom strategies.
This is a big development that will enable traders to put their strategies on full auto-pilot.
How Dash2Trade Combines AI, Social Sentiment, and Automated Bots for Smarter Crypto Trading
Dash2Trade also offers a ton of crypto market analysis features, including automation. For example, the platform offers social media sentiment analysis, and it automatically calls attention to trending tokens that could be about to explode. It also uses AI to track technical indicators like moving averages and RSI. Based on these indicators, Dash2Trade rates each token as bullish or bearish over multiple periods.
Dash2Trade offers a limited free plan, and full access starts at only $102 per year when you pay with the project’s native $D2T token. There’s no additional fee to trade with Dash2Trade bots.
Pros:
- DCA and grid trading bots available
- Soon to roll out custom strategy trading bots
- Social media analysis identifies trending tokens
- Automated technical signals analysis
- Discounted pricing for D2T token holders
Cons:
- Only supports crypto trading
- Many auto-trading features have yet to be rolled out
4. Learn2Trade: Top Automated Trading Platform for Beginners
Learn2Trade specializes in trading signals for traders, primarily in forex and cryptocurrencies. It offers guidance on buying and selling assets with an entry price to execute the position. Learn2Trade’s subscription plans include a free option and a premium plan, under which real-time signals are delivered through its Telegram channel.
Learn2Trade, MAM Accounts, Copy Trading, and Educational Tools for All Skill Levels
Learn2Trade further has a comprehensive MAM account service that allows traders to invest directly with an analyst who executes trades on their behalf. Most recently, the platform launched copy trading services under which its algorithm automatically opens and closes trades. The monthly subscriptions for this service begin at £58 and offer you up to 40 trades per month.
The FCA-regulated platform has many useful educational resources suitable for traders of all skill levels. Learn2Trade can be reached via email and phone in case of any issues.
Pros:
- Real-time alerts
- Great educational material
- Access to VIP telegram group
- Cryptocurrency trading signals
- Money-back promise
Cons:
- Signals via Telegram only
- No email or text alerts
5. Margex — Popular Automated Crypto Platform with Copy Trading
Launched in 2019, Margex is a leading cryptocurrency exchange platform known for providing traders with crypto derivatives like perpetual futures with up to 100x leverage. Today, the Margex exchange has become a more comprehensive trading platform, offering copy trading tools that let investors auto-trade digital assets.
A Platform for Beginner Traders
Margex’s copy trading feature is ideal for beginner traders who wish to start their crypto investing journey without much in-depth market analysis. Users can follow the portfolios of proven Margex traders and automatically mimic their trading orders in just one click.
Features for Experienced Traders on Margex
With a user-friendly interface, Margex further enhances automated trading for its members by providing key technical indicators, various charting tools, and different order types. This offers more market information for advanced traders who want to combine a more thorough evaluation of digital assets alongside copy trading.
Margex, The Mobile-Friendly Copy Trading and Crypto Earnings on the Go
The Margex platform is accessible via web browsers and mobile devices and has Android and iOS apps. Its added mobile functionality allows investors to copy trade from anywhere, adding more convenience to their auto-trading experience.
Other notable features include crypto earnings for top coins like BTC and USDT, cryptocurrency conversions, and multiple payment methods for buying tokens, such as credit cards and bank transfers.
Pros:
- Earn through the top traders with the copy trading tool
- Provides advanced trading indicators and signals
- Great for beginners
- Features copy trader leaderboard
Cons:
- Doesn’t support spot trading
6. MEXC — Excellent Crypto Exchange With Copy Trading Features and API Tools
MEXC has been one of the leading crypto trading platforms since 2018. Users can trade spots and futures with high leverage and maker fees of 0%. Because of that, over 10 million investors and professional traders from over 170 countries have selected this platform. Another reason MEXC is popular among crypto enthusiasts is its robust automated trading features, which include copy trading and API tools for those who want to build their trading bots.
To begin copying someone’s trades, you need to fund your account and have a minimum of $5 to start copying. However, MEXC recommends having at least $50 USDT in your balance for a better copy trading experience. Visit the Copy Trader page of the MEXC platform and find a trader you wish to follow.
Building Custom Trading Bots with MEXC: SDK Features and Automated Trading Benefits
For advanced users who want to build their trading bots, MEXC provides its own SDK for various coding languages, including:
- Python
- Java
- Node.JS
Those requiring technical support can contact the team on their dedicated API Telegram group. Many crypto enthusiasts come for the automated trading features but stay for everything else. MEXC offers some of the lowest spot trading fees, over 1,000 cryptocurrencies, and the ability to easily buy crypto with a card, conduct peer-to-peer transactions, and more.
Pros:
- Over 10,000 copy-trading users
- Multiple features for copy trading, including stop loss and leverage
- API and SDK tools for coding your trading bot
- You can start copy trading with as little as $5 USDT
Cons:
- Withdrawal fees are on the higher end
7. Coinrule: Access Top Trading Strategies with this Automated Crypto Platform
Launched in 2018, Coinrule is a popular automated cryptocurrency trading platform. On Coinrule, investors can create their trading strategies or use one of the multiple available options.
Coinrule connects investors with top crypto exchanges, including Binance, Kraken, Kucoin, and Coinbase. The platform sends trading instructions directly to these exchanges on behalf of the customers.
Some available automated strategies include the Buy Low Sell High plan. As the name suggests, the Coinrule bot automatically looks for the best entry point for various cryptos. It examines:
- The trading volume of different cryptos
- Makes an entry
- Looks for the best time to exit the trade
Other strategies, such as ‘Ride the Trend,’ are for more long-term investments. Rather than continuously buying and selling assets, the bot enters the position and looks to profit from a potential bull run.
Exploring Coinrule’s Subscription Plans, Its Features, Benefits, and Customization Limitations
Investors can start using Coinrule by purchasing one of the four available plans. The first plan is the ‘Starter,’ which is free of cost. However, this subscription only entitles you to 7 template strategies, 1 exchange, and up to $3K in trading volume. The most premium plan is the Coinrule Pro, which offers unlimited template strategies, access to unlimited exchanges, one-to-one training sessions, ultra-fast executions, and TradingView integration. However, this plan costs $449 per month.
Pros:
- Connects you to top crypto exchanges
- Ultra-fast execution speed
- Multiple subscription options
- One-to-one training sessions
Cons:
- Limited customizable tools
8. CryptoHopper: Top Crypto Bot For Customized Trading Strategies
CryptoHopper is an automated cryptocurrency trading bot that offers hundreds of customizable trading strategies. Users can connect their crypto exchanges to CryptoHopper’s free trading terminal in just a few minutes. CryptoHopper also gives all users access to its free-of-cost custom software. You can access Pro trading strategies such as:
- DCA (Dollar Cost Averaging)
- Market Making
- Arbitrage
Investors can customize their strategies through the CryptoHopper marketplace. Some of the most popular strategies on the marketplace include the ‘Counter Attack Strategy’, which scans the crypto markets to make an entry just as the price is about to increase. This automated trading strategy analyzes the trading volumes to find the best entry points.
Automated Trading with CryptoHopper and Strategy Options and Account Levels
Users can also join the ‘Bitcoin Devil’ automated strategy, which looks for regular entry and exit levels. Notably, users can purchase individual strategies with CryptoHopper. Bitcoin Devil costs $69.99. However, all users need an Explorer account to start using the strategy. A free version is available, allowing traders to open 20 positions simultaneously.
Traders can also opt for the ‘Hero’ version, which allows you to open 500 positions, leverage 75 trading bots, and access AI trading strategies. This version costs $107.5 per month.
Pros:
- Customize multiple crypto trading strategies
- Access a free trading terminal
- Supports AI trading strategies
- Open 500 positions simultaneously
Cons:
- Expensive monthly costs to access all the available tools
9. Bitsgap: Algorithmic Trading Platform Offers a Daily Profit of 1.23% From its Crypto Bot
Bitsgap implements a smarter way to automate cryptocurrency trading by leveraging powerful algorithmic orders. Over half a million users have connected to the Bitsgap trading terminal through 15+ of the biggest crypto exchanges in the world. Bitsgap has activated over 3.7 million bots, generating over $300 billion in trading volume. Bitsgap executes ‘Smart Orders’ by using multiple algorithmic orders.
It controls the Risk/Reward ratio with Trailing take profit and Stop Limits. By locating its trading servers close to popular crypto exchanges, Bitsgap offers a stable and speedy connection. Notably, Bitsgap offers unique crypto trading strategies. While GRID and DCA strategies are included, one can access the Combo trading bot. This bot combines DCA and GRID trading strategies to amplify gains and risks.
Maximizing Profits with Bitsgap, DCA Futures Trading Bots and Subscription Plans
Other automated strategies include the DCA Futures trading bot. This aims to reduce gains in the Futures market by taking out regular long-term investments. So far, Bitsgap offers an average daily profit of 1.23% from its bots.
The Basic plan costs $23 monthly and includes 2 GRID bots and 10 DCA bots. For $119 per month, you can access 25 GRID bots and 250 DCA bots. Bitsgap offers a 7-day free trial for all plans.
Pros:
- Uses algorithmic trading
- Unique crypto-automated strategies
- Provides a 7-day free trial
- Offers a daily profit of 1.23% through the bots
Cons:
- Does not offer any free plans
10. Binance: Top Crypto Automated Trading Platform Gives Access to 100,000 Strategies
Launched in 2017, Binance is the largest cryptocurrency exchange in the world. This exchange also allows traders to access its crypto-automated trading platform – where you can use more than 100,000 strategies.
The Binance automated platform stands out from other options due to its liquidity, fast execution times, and low slippage costs. Some popular strategies include the Spot GRID, which scans the markets regularly to find the best entry and exit strategies.
Trading Flexibility with Binance: Automated Strategies for Short and Long-Term Investments
You can use strategies lasting under a day or over a month, depending on your preferences. For example, you can trade the BTC/USDT pair using the Spot GRID strategy for a week. This particular automated strategy offers an average return of 19.93% annually.
Long-term investors can trade with the ‘Rebalancing Bot,’ which keeps diversifying your investments over time. Through Binance’s Strategy Academy, users can learn the basics of automated trading.
Pros:
- Access 100,000 automated trading strategies
- Beginners can utilize the Strategy Academy
- High liquidity and fast order execution
- High average returns on investment
Cons:
- US clients are not supported
11. Bybit: Access Automated Crypto Futures Trading with a $1 Investment
Bybit, one of the largest crypto exchanges in the world, allows users to automate crypto trades through its crypto bots. High-risk traders can automate cryptocurrency Futures with the ‘Futures Grid’ trading strategy. Before this bot goes live, the trader customizes their risk parameters.
You also pick either to go Long, Short, or Neutral. Notably, you can start automating crypto Futures with a minimum investment of just $1 on Bybit. One of the available markets on the Futures Grid is ‘SOL/USDT,’ where you can apply leverage to heighten the returns. The current ‘Long’ option with a 20x leverage on this particular trading pair offers an ROI (Return on Investment) of 2,400%.
Finding Your Fit – A Guide to Short and Long-Term Automated Trading Strategies
Depending on their preferences, traders can access other strategies, such as the Spot GRID and DCA. This particular automated platform offers a good mix between short and long-term investments. You can find strategies for under 24 hours and up to 1 year.
Pros:
- Low minimum investment
- Automates crypto Futures
- Apply high leverage on trades
- Trade for short and long-term
Cons:
- Can be overwhelming for beginners
12. Gate.io: Use Other People’s or Design Your Own Crypto Trading Bot
Gate.io is one of the most popular crypto trading platforms today. With a reputation for high liquidity, the platform offers users access to more than 1700 cryptocurrencies. Those looking to use an automated crypto trading bot on Gate.io can choose to use others or design their own. A massive range of options ensures you can benefit from any potential situation.
A wide range of trading bot features and benefits ensures that the platform provides transparent data at all times. Members can access data on total investment, total return, unrealized profit and loss, and likely APR. This wide range of available data makes Gate.io one of the best platforms for integrating automated trading bots.
Harnessing Community Power and Creating and Sharing Trading Bots in a Collaborative Crypto Ecosystem
Once you have designed your trading bot, you can publish it to earn a share of the profits, should it be successful. Alternatively, you can use other people’s programs for your benefit.
Such an open and accessible feature means there is a strong community available should you ever need help or advice.
Pros:
- Over 1700 cryptocurrencies available
- Wide range of payment options
- Use others or design your own crypto trading bot
- Strong community ethos
Cons:
- No fiat off-ramps
- User interface needs some work
13. Pionex: Start Trading 300+ Cryptos with an Auto Trading Bot
With over 100,000 users across 100+ countries, Pionex has emerged as one of the best auto-trading cryptocurrency platforms. Pionex lets investors access spot trading in more than 370 countries and also supports margin trading. Having conducted over 100 million trades, Pionex averages a monthly trading volume of more than $50 billion. With the auto trading feature, investors can select from 16 in-built trading bots.
For example, the ‘Grid Trading Bot’ automatically scans the markets 24/7, looking to invest at a low price and cash out after making a profit. Other options include the ‘Rebalancing Bot’, which allows users to create their customized trading index.
AI-Driven Trading and Passive Income on Pionex on Features and Opportunities
On Pionex, one can also generate automated trading strategies with PionexGPT, which was created leveraging artificial intelligence. Investors can also stake their holdings to generate passive income with Pionex.
This crypto platform supports deposits using crypto and fiat payment methods such as VISA, Mastercard, Apple Pay, and bank transfers. The trading fee on Pionex starts at just 0.05% per transaction. The price drops further as your trading volume increases.
Pros:
- Automated trading crypto bot
- Access AI-generated trading strategies
- Trade 370+ cryptos
- Multiple payment options
Cons:
- Better suited for advanced traders
14. SMARD: Automated Trading Crypto Tool Connected with Major Crypto Exchanges
SMARD is yet another automated cryptocurrency trading tool on our list. Aiming to generate maximum results for investors, SMARD claims to offer an average monthly return of 5%. The platform also states that it will overtake Bitcoin (BTC) and Ethereum’s (ETH) performance in the long term. SMARD uses trading strategies such as the Momentum Effect to help increase trading performance. Therefore, it will try to identify new market winners systematically.
To execute trades, SMARD works with some of the best crypto exchanges, such as Binance and OKX. SMARD also integrates regular stop loss and trailing stops to ensure proper risk-management measures. In the future, it will be compatible with:
- Kraken
- Bitget
- Bybit
- Other big platform
Maximizing Returns with SMARD and Affordable Subscriptions and Effective Risk Management
By controlling the risk per trade, SMARD can flexibly manage the size of each position. Investors can purchase a subscription for just $1 per month. SMARD does levy a 10% service fee, which is only applied to profits.
Deposits can be made using crypto tokens and credit cards.
Pros:
- Claims to offer 5% monthly returns on cryptos
- Connects with major crypto exchanges
- Uses risk-management tools and trading strategies
- $1 monthly subscription
Cons:
- 10% service fee levied on all profits
15. TradeSanta: Leading Automated Crypto Platform for Long and Short Trading
TradeSanta is a multi-faceted automated crypto trading platform. The platform allows users to access:
- Risk management tools
- Demo accounts
- Apply leverage on trades
The TradeSanta crypto trading bot scans the markets 24/7 for the best investment opportunities. You can use TradeSanta with the trading terminal or through the mobile app. TradeSanta is compatible with top crypto exchanges, including Binance, OKX, and Bybit. You can connect the exchanges to the trading terminal by using API keys.
This automated platform lets investors set up customizable trading signals before going live. You can apply indicators such as:
- MACD
- Bollinger
- RSI
- Other TradingView signals
After entering your Stop loss and Trailing Stop loss, TradeSanta automates potential Long and Short trades. This particular strategy also lets you apply up to 200x leverage. To get a hang of this platform, TradeSanta provides a demo account.
Exploring TradeSanta: Subscription Plans and Features for Automated Futures Trading
To get started, interested traders can purchase a monthly plan with TradeSanta. You can pay $18 monthly for the ‘Basic’ plan, which allows you to use 49 bots and the trading terminal. However, you cannot access the Futures trading bot with this plan.
Pay $45 monthly for the ‘Maximum’ plan to access unlimited trading bots, Futures bots, and risk-management tools such as Trailing take profit.
Pros:
- Automates futures crypto trading
- Apply up to 200x leverage
- Multiple risk-management tools
- Access a demo account
Cons:
- You have to pay $45 per month to access the Futures bot
16. Kryll, The Top Automated Trading Platform Offers a Pay-As-You-Go Pricing Model
Kryll is a top automated cryptocurrency trading bot that offers risk-management tools, multiple indicators, and a preferential pricing system.
With Kryll, you can access leading automated crypto strategies such as:
- Golden Crossover bots
- DCA bots
- GRID bots
To optimize trading, the Kryll trading bot also provides access to several real-time trading metrics and fair risk-management indicators.
Creating and Monetizing Trading Strategies on Kryll and A Unique Pay-As-You-Go Approach
On Kryll, users can even build and monetize their trading strategies. After creating strategies, you can offer your plans on the Kryll community page and start earning revenues. Notably, Kryll is one of the few automated trading platforms that do not work with a subscription model.
Instead, Kryll follows a pay-as-you-go pricing model. To simplify, you pay a fee only on what you trade. If you trade $100 worth of cryptos with Kryll, the platform charges an average fee of $0.33 per trade. This can be lowered by holding $KRL, the native token. For example, if you hold 5,000 $KRL ($2,476 at the time of writing), the original $0.33 fee reduces to $0.28.
Pros:
- Pay-as-you-go pricing
- Access risk-management indicators
- Create and monetize your strategies
- Low fees
Cons:
- Reduced fees only if you hold the native token
17. Gunbot: Make Custom Trading Strategies Using AI with this Automated Platform
One of the top cryptocurrency automated trading platforms to use in 2024 is Gunbot. Users can connect to an unlimited number of exchanges, connect with DeFi platforms, access AI strategies, and high levels of security.
All of Gunbot’s trading subscriptions come with lifetime access. The basic plan costs $199 and allows you to connect with only one crypto exchange. The ‘Gunbot Ultimate Edition plan gives access to unlimited exchanges. Traders can also access a mobile app, connect their TradingView accounts, and access multiple DeFi (Decentralized Finance) tools. The Ultimate Edition account costs $499.
Gunbot review
One of the top features of this automated trading platform is custom strategy generation using artificial intelligence. Users need to provide text-based prompts on Gunbot while the AI analyzes this data and creates new strategies.
Popular strategies include Arbitrage and Market making, which involves scanning multiple crypto exchanges for price variations. Gunbot prioritizes security by using encrypted API keys and requires customers to complete two-factor authentication before logging in to the account.
Pros:
- Access AI-generated trading strategies
- Arbitrage and Market making supported
- Lifetime access through subscriptions
- Connects you to DeFi tools
Cons:
- Gives access to unlimited exchanges only with the premium plan
18. HaasOnline: Access over a Dozen Automated Trading Bots for No Fees
HaasOnline is another cryptocurrency automated platform that offers several:
- Trading toolsets
- Paper trading platforms
- Backtesting options
The platform automates trading toolsets and allows users to create customized bots. With HaasOnline, users can drag-and-drop visual designers to replicate historically proven trading strategies. You can even create proprietary trading strategies without writing a line of code.
Beginners can practice the automated trading tools through paper trading accounts. The platform supports backtesting tools, allowing users to test their ideas by analyzing historical market data. On HaasOnline, you can choose from over a dozen automated trading plans. Notably, all these plans charge zero fees. Some popular options include the ‘Scalper Bot’ – which buys and sells crypto tokens quickly in hopes of making a profit.
Advanced Trading Bots and Subscription Plans and the Options for Every Trader
Other options include the Accumulation bot, Zone recovery bot, and Market-Making bot. The cheapest subscription is the Lite+ plan, which costs just $7.50 per month and gives you access to three trading bots, one month of backtesting, and three customizable dashboards.
You can opt for the Pro plan and receive 25 trading bots, 12 months of backtesting, and 25 customizable dashboards. The Pro plan costs $82.5 per month.
Pros:
- Access backtesting options
- Multiple customizable dashboards
- Create your proprietary trading strategies
- Zero fees trading
19. AvaTrade
AvaTrade remains one of the most competitive automated Forex brokers, allowing clients to deploy any Forex trading robot operating on the MT4 and MT5 trading platforms. It also supports social trading via DupliTrade, ZuluTrade, and MQL5 Signal Service. Completing the broad choices of trading platforms are the proprietary:
- WebTrader
- AvaOptions
- AvaTradeGO
The choice of fixed and floating spreads and a commission-free asset selection above 1,250 attracted over 300,000 clients to this Irish-based broker. Operational since 2006, this well-regulated market maker has excellent technology infrastructure and became one of the most transparent and trusted online multi-asset brokers with a balanced product and services portfolio ideal for all retail traders.
Pros:
- High-quality educational offering via AvaAcademy
- Excellent choice of trading platforms catering to various trading needs
- Broad asset selection and cross-asset diversification opportunities
- Well-regulated and trusted broker with oversight from a central bank
Cons:
- Trading costs are competitive but nothing special
20. Pepperstone
In Summary, Great ECN execution on MT4/5, cTader, TradingView and Pepperstone proprietary platform. Pepperstone connects traders to deep liquidity pools and has NDD order execution with ultra-fast average order execution speeds of 30 milliseconds. The commission-based trading account features raw spreads from 0.0 pips for a commission of $7.00 per 1.0 standard round lot, and high-volume traders can lower final trading fees via a volume-based rebate program. It makes Pepperstone one of the best Forex brokers offering automated trading.
The well-balanced asset selection of 1,500+ assets includes:
- Forex
- CFDs on Forex indices
- Cryptocurrencies,
- ETFs
Pros Excellent choice of trading platforms consisting of:
- MT4/MT5
- cTrader
- TreadingView
- Pepperstone Platform:
- Market-leading MT4/MT5 upgrade package
- Autochartist
- API trading Social trading support via:
- Signal Start
- MetaTrader Signals
- Copy Trading by Pepperstone
- DupliTrade Leverage of up to 1:400 depends on jurisdiction and superb trade execution.
Cons:
- Demo accounts have 60-day time limits
21. FXTM
In Summary: Best all-around broker with high floating leverage and fast execution. We have made FXTM one of our top-rated automated trading Forex brokers because it enjoys a very high level of regulatory oversight in addition to its lengthy track record. It also has a sterling reputation and offers a highly competitive fee structure, which tends to keep down the cost of trading.
Traders get the core MT4/MT5 trading platforms, with full algorithmic and copy trading support. FXTM also features its proprietary mobile application, FXTM Trader. With 1,000+ assets, direct share investments, and in-house constructed thematic stock baskets, FXTM maintains a balanced asset selection supplemented by:
- Quality education
- Research
- Trading signals
Pros:
- Excellent commission-based
- Forex pricing environment and transparency
- Upgraded MT4/MT5 trading platforms plus proprietary mobile trading app
- Quality market research and educational content for beginner traders
- A highly regulated broker with a tier-1 license
Cons:
- No cryptocurrencies and limited choice of commodities
22. FP Markets
In Summary, ECN trading with leverage up to 1:500 FP Markets is an ASIC-regulated Australian automated trading Forex broker launched in 2005. This broker’s unique selling point for most traders is its extensive range of tradable assets, which allows traders to trade over ten thousand individual stocks and shares, including publicly quoted Hong Kong and Australian companies.
FP Markets also offers 60 Forex pairs and crosses, 11 equity indices, the major commodities, and five cryptocurrencies, including Bitcoin. It offers an unusual hybrid ECN/STP execution model, meaning its clients can choose between an ECN style of execution, which provides a very high level of speed, and a “straight through processing” execution style, which allows for more “natural” spreads.
Pros:
- Choice of trading platforms and auxiliary trading tools
- Very competitive cost structure and excellent asset selection
- Low minimum deposit requirement and leverage of up to 1:500
- Well-regulated and trustworthy
Cons:
- Availability of Iress geographically restricted
23. Eightcap
In Summary, with Competitive pricing + excellent daily videos, Algorithmic traders require an innovative infrastructure, excellent trade execution, deep liquidity, and low trading fees, which Eightcap provides. Forex traders can rely on the MT4 trading platform, which remains the primary choice with thousands of EAs, try its successor MT5, which requires re-coding MT4 solutions, or take advantage of Capitalise AI, where traders can automate Forex strategies in a code-free environment.
Algorithmic Forex traders who require low latency 24/5 market access can qualify for free VPS hosting if they trade a minimum of five standard lots monthly. It’s a generous offer with conditions most automated Forex traders easily exceed.
Pros:
- Low minimum deposit and high leverage of up to 1:500
- Competitive cost structure
- Excellent technology infrastructure and seasoned management team
- Daily research and quality educational content
Cons:
- Limited leverage in some areas
24. BlackBull Markets
BlackBull Markets was founded in 2014 in New Zealand. Like many antipodean automated trading Forex brokers, BlackBull Markets is an ECN broker offering raw spreads and commissions. The Financial Services Providers Register (FSPR) regulates them in New Zealand and provides maximum leverage on some Forex currency pairs as high as 500 to 1. In addition to its global headquarters in New Zealand, BlackBull Markets has branch offices in New York and Malaysia.
BlackBull Markets offers a relatively tight range of tradable assets:
- 27 Forex currency pairs and crosses
- Gold
- Silver
- Crude oil
- Natural gas
- Six major equity indices
That should be sufficient for traders with more focused strategies that do not require wide diversification.
Pros:
- ECN/NDD execution model with deep liquidity
- Institution-grade pricing for retail traders via proprietary price aggregation
- ZuluTrade
- Myfxbook for social trading
- Leverage of up to 1:500
Cons:
- Limited deposit options
25. CMC Markets
CMC Markets has you covered if you’re looking for an automated trading app with exposure to MetaTrader 4 and over 200 instruments. It’s one of the top automated trading platforms in the UK and offers a wide variety of features that make it ideal for seasoned traders. CMC Markets provides a user-friendly mobile app and supports the popular MetaTrader 4 platform.
This platform lets you customize your experience using multiple indicators and overlays and set up automatic trading. Overall, CMC Markets offers an extensive trading experience. Their costs, platforms, user-friendliness, education, mobile apps, research, market variety, and trading tools stand out.
Pros:
- Extensive product selection Ideal for automated forex trading in the UK
- MetaTrader 4 enables complete trade automation
- Top-notch customer support and educational materials
- Zero minimum deposit requirement
- Competitive fees
Cons:
- Expensive spreads for CFDs
- Lacks back-testing
26. XTB – Best for CFDs
XTB is a well-known broker listed on the Warsaw Stock Exchange and is regulated by several financial authorities globally, including the UK’s Financial Conduct Authority (FCA). When it comes to trading platforms, XTB provides the xStation 5 software that is compatible with:
- Web
- Desktop
- Mobile
- Tablet devices
The diverse range of over 5,000 assets you can trade on XTB includes:
- Stocks
- Shares
- ETFs
- Indices
- Commodities
- Forex
The automated trading feature is available on both xStation 5 and xStation Mobile. The platform uses robots and automatic trading systems, known as expert advisors, to place orders based on criteria set by experts. XTB provides tools to help build strategies, understanding the need to watch automated trades closely. They also offer a demo account with fake money to test before fully using it.
Navigating XTB, User Experience, and Costs for Forex and CFD Traders
The platform is user-friendly and flexible, helping you tweak your strategies as you learn. No upfront deposit is required, but trading fees can be high for budget-conscious traders.
XTB is a respected multi-asset broker offering a wide range of forex and CFDs. Their xStation five platform is feature-rich and supported by comprehensive learning resources and offers.
Pros:
- Commission-free stocks and ETFs for investments up to 100k per month
- Free and quick deposit and withdrawal process
Cons:
- Primarily limited to CFDs
- Inactivity fees
27. MetaTrader 4 (MT4)
MT4 is one of the most popular automated trading platforms for forex traders. It offers advanced charting tools and customizable indicators to help you analyze market trends and make informed decisions. Plus, its user-friendly interface makes it easy for beginners to get started.
28. TrendSpider: Your Smart Trading Assistant
TrendSpider is the number one automated trading software tester. It automates:
- Market scanning
- Backtesting
- Chart pattern recognition
- Trendline analysis
- Auto-trade execution
Using AI for Profitable Trading
Auto-pattern recognition is gaining importance due to its ability to save time and achieve superior accuracy compared to human analysis. Chart patterns like the Inverse Head and Shoulders have proven highly profitable for traders, so having TrendSpider’s machine algorithms find and trade them for you is a distinct advantage.
TrendSpider is unique because it can automatically detect support and resistance trendlines on multiple timeframes and display them on a single chart. It also has over 123 candlestick patterns, which it can automatically detect and trade.
One of the best features is TrendSpider’s code-free backtesting solution, “Strategy Tester.” I have used this functionality for:
- Indicator
- Chart
- Candle pattern testing to prove their profitability
This functionality is the best backtesting solution I have used because it allows you to create extremely detailed trading strategies without the need to be a programmer.
TrendSpider also enables automated trade execution via its “Alerts & Bots” system (image below); traders can connect to their broker’s API to buy and sell stocks automatically based on the strategy they create with the strategy tester.
Available for US stocks and Crypto exchanges, TrendSpider is a great choice for automated trading.
29. Trade Ideas: A.I. Powered Trading Software
Trade Ideas is a powerful AI-powered automated trading platform that:
- Generates high-probability trading opportunities
- Scans the stock market
- Backtests strategies
A New Era of Investment
One of Trade Ideas’ most important features is its artificial intelligence (A.I) .-driven trading algorithms, which continuously scan the market to find potential future trades. Holly A.I. scans thousands of stocks in real-time to identify an edge in the market based on hundreds of variables.
Automating Your Trades
Trade Ideas allows traders to automate and execute their trading strategies through its broker integration. This allows traders to create a system that automatically buys and sells stocks without manually entering each trade. Trade Ideas integrates with three brokers for stocks:
- Interactive Brokers
- Etrade
- Esignal
A Step Towards Automated Trading
The Brokerage Plus functionality is available with the Standard and Premium service. Trade signals generated from Holly A.I. cannot be autotraded. Still, alert window scans can be auto-executed in a sandbox or live with your brokerage using Brokerage Plus (available in the premium plan).
A Powerful Tool for Automated Trading
Trade Ideas offers a wide range of pre-built strategies for market scanning and effectively implements them with its automated trading functionality. It is important to note that Trade Ideas is a black-box solution, meaning if you want the flexibility to create your own unique strategies, you will be better off with TrendSpider.
Trade Ideas’ Holly A.I. has an excellent performance track record for its stock picks, averaging about 25% per year; you can find out more in our Trade Ideas Review and Test.
30. TradingView: The Most Advanced Trading Platform
TradingView is the most developed and highly automated platform for:
- International stock
- FX
- Crypto traders
It automatically detects chart patterns and candlestick patterns and enables auto-trading.
TradingView can automatically detect and scan entire markets for chart patterns, such as:
- Double top or rectangle
- Bullish and bearish candle patterns, like:
- Harami
- Doji
- Marubozu
Powerful Backtesting with a Learning Curve
TradingView has incredibly powerful backtesting, automatically identifying complex trading setups and issuing actionable alerts. To use the Pine script-powered backtesting, you must learn basic scripting, which can take some time. There is no code-free backtesting or indicator development engine.
TradingView has the largest selection of Brokers integrated into its platform, so wherever you live, you can find an approved and trustworthy broker to execute trades automatically.
TradingView has the largest global community of traders and is the number one investing website in the world. TradingView is a top choice for all traders. Available globally for:
- Stocks
- ETF
- Forex
- Crypto exchanges
31. SignalStack: Automated Trading for Existing Trading Software
If your current trading software does not have automated trading, then SignalStack might be the solution you are looking for. SignalStack is an intelligent automated platform that connects your trading software to your broker.
Efficient Order Execution and Customization
SignalStack offers a myriad of features that transform the experience of automated trading. Firstly, it provides efficient order execution, eliminating the need for manual oversight and ensuring rapid market order placements. Secondly, the platform offers customization and flexibility, enabling traders to personalize their strategies according to their unique investment goals and risk tolerance.
SignalStack helps traders stay informed with real-time monitoring and robust error-handling capabilities, ensuring maximum trade control. SignalStack supports a broad spectrum of reputable brokers, like:
- Schwab
- eTrade
- Interactive Brokers
- TradeStation
This allows for seamless connectivity and trade automation. As a result, traders can easily scale up their operations with the confidence that their trades are being handled correctly and efficiently.
SignalStack is an excellent choice for any trader to streamline their portfolio management process by automating trade execution. It is also highly adjustable, allowing users to customize its functionality to meet their needs and preferences.
SignalStack has become one of the most popular auto-trade execution tools today with its:
- Wide range of features
- Reliable performance
- Extensive broker compatibility
32. MetaStock: Advanced Charting & Analysis
MetaStock is a powerful desktop stock charting software and market data platform that offers advanced charting and automated technical analysis capabilities. MetaStock has the largest selection of:
- Indicators
- Chart formats
- Drawing tools of any charting software
One of MetaStock’s key features is its ability to scan markets and generate buy and sell signals using automatically:
- Price trends
- Patterns
- Candlestick formations
Traders can use this feature to quickly identify potential trading opportunities, saving time and maximizing their chances of success.
A Powerful Tool with a Learning Curve
MetaStock provides powerful backtesting and forecasting functionality, allowing traders to test their trading strategies against historical data. This feature enables traders to evaluate the performance of their strategy and make necessary adjustments before risking real capital. Nevertheless, you must learn to code in MetaStock’s proprietary scripting language to unlock the backtesting features.
Combining Charts and Real-time News
MetaStock integrates with Xenith, a real-time financial news platform, providing traders with up-to-date market insights and information. By combining powerful charting tools with real-time news, MetaStock equips traders with the tools to make timely and well-informed trading decisions.
Meta is designed to be broker agnostic, which means it does not offer broker integration, trade execution directly from charts, or live integrated profit and loss analysis. Consequently, you must manually input your trades into your broker’s platform independently.
33. Tickeron: AI Trading Software with an Emphasis on Patterns
Tickeron offers advanced AI-automated chart pattern recognition and prediction algorithms for:
- Stocks
- ETFs
- Forex
- Cryptocurrencies
With an emphasis on thematic model portfolios and precise pattern-based trading signals, Tickeron combines:
- Success probability
- Confidence levels
- Collective intelligence of its trading community
Enhancing Prediction Accuracy
Tickeron has introduced a robust feature known as AI Confidence Level. By analyzing historical stock data, the success rate of specific patterns, and the current market direction, Tickeron can provide a confidence level for trade predictions. This enhancement ensures accuracy and reliability when forecasting market trends.
Tickeron’s trading platform blends cutting-edge artificial intelligence and invaluable human insights, allowing you to compare the perspectives of humans and machines. Tickeron provides a comprehensive suite of features tailored to your unique investing style, whether you’re:
- Day trader
- Swing trader
- Investor
34. Finviz: Simple Automated Stock Scanning
Finviz has been around for a long time, but it moved forward, offering automated candlestick and trendline recognition for all US stocks. Traders can automatically scan the following at blazing-fast speeds:
- Candlestick patterns
- Support
- Resistance trendlines
Finviz also saves traders time by automating the visualization of:
- Stock
- Forex
- Crypto heatmaps
This helps traders quickly see where the action is.
Finviz stands out due to its unique feature of allowing users to screen ten major candlestick patterns and 30 stock chart patterns. It offers a perfect blend of fundamental screening criteria for:
- Investors
- Technical charts
- Candlestick pattern recognition for traders
This makes it an excellent choice for short-term and medium-term investors.
A User-Friendly Approach
The Finviz Backtester provides access to an extensive range of over 100 distinctive indicators and effortlessly identifies stock chart patterns, making it an invaluable tool for creating a truly exceptional system. The best part? You don’t need any coding skills to perform backtesting, which boasts significant advantages.
35. Portfolio 123: Quantitative Trading with Automation Features
With its advanced automation capabilities, Portfolio123 simplifies:
- Stock trading process
- Portfolio creation
- Management
Portfolio123 enables users to invest in rules-based stocks and ETF strategies. Its advanced ranking systems and screening tools allow investors to create strategies based on customizable criteria and parameters.
Backtesting Your Strategy
Portfolio123 offers an exceptional backtesting functionality that sets it apart. With this feature, users can simulate their investment strategies using historical data, enabling them to evaluate performance and assess the effectiveness of their trading approaches. This invaluable tool empowers investors to refine their trading rules and make data-driven decisions without needing real capital, ensuring optimal outcomes.
Personalized Investing
Portfolio123 incorporates tailored risk profiling to ensure investment strategies align with investors’ risk tolerance levels. By understanding each investor’s risk appetite, Portfolio123 helps users build portfolios that reflect their goals and preferences. This automated risk assessment feature ensures a personalized and balanced approach to investing.
Portfolio123 now offers broker integration with Tradier, empowering investors to execute trades based on their customized strategies seamlessly.
36. M1 Invest: An Automated Investing Tool for Independent Investors
M1 Finance offers a seamless investment experience. It is an automated advisor that constructs your portfolio and executes trades without fees. It is a comprehensive, user-friendly platform for independent investing, empowering you to make informed financial decisions effortlessly.
M1 is smart. It will manage your:
- Portfolio
- Trade stocks
- Report earnings
It will also rebalance your portfolio and perform year-end tax-loss harvesting. M1’s investing approach is based on expertly curated portfolios. Each portfolio is called a “Pie,” comprising multiple stocks with specific weightings based on the risk or exposure you seek.
Automated Investing
Close to 100 expert pies have varying return and past performance levels. You can select an expert pie or even build your own. The great thing is that when you send funds to your account, the money is automatically fully invested into your pie based on your allocation rules. Because there are no fees, this will not impact your account’s bottom line.
37. VectorVest: Automated Stock Analysis and Forecasting Software
Vectorest is a stock analysis and forecasting software that offers various automated tools and features to assist investors. VectorVest utilizes advanced algorithms to analyze and evaluate stocks based on value, safety, and timing. This computerized analysis saves time for investors who may otherwise spend hours researching and evaluating individual stocks.
VectorVest provides market timing signals that help users determine the optimal time to buy or sell stocks. These signals are generated based on extensive historical data and technical indicators, providing automated insights into market trends.
Alternative Platforms for Trading Signals
VectorVest offers buy/sell ratings for all covered stocks and provides a method for suggesting the stop loss. While VectorVest boldly asserts itself as the sole platform offering buy or sell signals, this claim does not hold. Other stock software offers better signals, such as:
- Trade Ideas
- MetaStock
- TradingView
Although the premium package comes with a higher price tag, it can be worthwhile if you make a substantial investment.
Deploy a Trading VPS Today
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- Futures
- Crypto
- Equities
- Forex trading
We support major trading platforms, including:
- NinjaTrader
- TradeStation
- MetaTrader
- Interactive Brokers
- Sierra Chart
- Quant Tower
With 24/7 support and a 100% uptime guarantee, QuantVPS provides a reliable, speed-optimized environment for traders to run their automated strategies continuously and efficiently. Get started and deploy your trading VPS today!