12 Best AI Stock Trading Bots
Are you tired of spending countless hours analyzing the stock market, only to miss out on profitable opportunities? What if there was a way to automate your stock trading and let advanced algorithms do the heavy lifting for you? Enter AI stock trading bots, the game-changers in the world of stock trading. These powerful tools use artificial intelligence and machine learning to analyze market data, identify trends, and execute trades on your behalf, potentially maximizing your returns while minimizing risk.
In this article, we’ll explore the world of AI stock trading bots, discuss what makes the best ones stand out, and answer some frequently asked questions about these innovative tools. So, buckle up and get ready to dive into the fascinating world of AI-powered stock trading!
What are AI stock trading bots?
AI stock trading bots are automated technology systems that use artificial intelligence and machine learning algorithms to analyze historical and real-time market data, identify stock trading opportunities, and execute buy and sell orders on your behalf. These AI stock trading bots can adapt to changing market conditions, automatically adjusting their trading strategies to maximize returns and minimize risk.
Best AI Stock Trading Bots (Free & Paid)
- Tickeron
- Trade Ideas
- Kavout
- Stock Hero
- Algoriz
- TrendSpider
- Signal Stack
- Imperative Execution
- MetaStock
- TradingView
- VectorVest
- Scanz
What Makes the best AI stock trading bots?
When choosing the best AI stock trading bot, consider the following factors:
Ease of use: The AI platform should be user-friendly and easy to navigate, even for beginners.
Performance track record: Look for bots with a proven track record of success in generating returns.
Customization: The ability to customize the bot’s trading strategies and parameters to suit your specific needs and goals.
Real-time data and quick execution: Day traders, in particular, will benefit from bots that offer real-time data and fast trade execution.
Robust analytical features: Long-term investors may prioritize bots with strong analytical capabilities for in-depth market analysis.
Pricing: Consider the cost of using the bot, including subscription fees and any additional charges for premium features.
Best AI Stock Trading Bots
1. Tickeron
Tickeron is an AI trading bot platform designed to streamline the trading process and maximize profits for traders. It leverages advanced algorithms and machine learning to analyze market trends and historical data, providing actionable investment suggestions based on its analysis. Tickeron offers a variety of AI bots to help traders make informed decisions. These robots operate fully automated trading rooms, leveraging cutting-edge neural networks to make informed trades.
This advanced technology platform is designed to be user-friendly, making it easy for users to navigate and understand the insights it provides. Tickeron provides several AI tools for investors to help them get more from their trading strategies. It compiles a lot of data in real time, then delivers usable information via their different AI scanners, robots, and portfolios.
Tickeron Key Features
- AI bots provide real-time trade alerts and execute trades with precision.
- Pattern Search Engine generates trade ideas based on recognized patterns.
- Trend Prediction Engine leverages historical trends to predict potential increases, decreases, or stagnations in a stock’s price.
- AI Portfolio Wizards help in creating and managing portfolios.
- The platform offers a marketplace of additional information from service providers.
- Tickeron’s Price Growth Strength Rating compares a stock’s price increase over the past 12 months to the S&P 500 index constituents.
- Tickeron’s PE Growth Rating compares a stock’s PE ratio increase over the past 12 months to the S&P 500 index constituents.
- The platform provides real-time data and analysis, as well as access to a community of like-minded investors.
Tickeron Pros and Cons
Pros:
- AI-powered trading platform that provides real-time trading predictions.
- Offers a variety of AI bots to help traders make informed decisions.
- Provides a marketplace of additional information from service providers.
- Offers a range of pricing plans to fit different budgets and investment needs.
- User-friendly interface, making it easy for users to navigate and understand the insights it provides.
Cons:
- The platform can be expensive, and the learning curve may be steep for some.
- The pricing model is overly complex and granular.
- The platform is more suited for more advanced investors who are looking for more data and analysis.
- The company does not disclose how its global market AI works.
Tickeron Pricing Plans
Tickeron offers five different pricing plans to cater to a variety of trading needs and budgets:
Swing Trader Plan: Aimed at swing traders, this plan offers access to the AI Pattern Search Engine, the AI Prediction Engine, and the AI screener. It includes real-time patterns for stocks, ETFs, Cryptos, and Forex. The swing trader plan has 3 levels of pricing: Beginner (Free), Intermediate One ($90 per month), and Intermediate Two ($145 per month).
Day Trader Plan: This plan is specifically designed for day traders. It includes buy and sell signals and AI trading ideas. Additional features such as trend prediction, stock screening, and model portfolios can be added on. The day trader plan has 3 levels of pricing: Beginner (Free), Intermediate One ($90 per month), and Intermediate Two ($145 per month).
Investor Plan: This plan is designed for investors and includes AI trading services. It provides automated buy and sell signals which could be quite helpful for investors. The investor plan has 3 levels of pricing: Beginner (Free), Intermediate One ($100 per month), and Intermediate Two ($210 per month).
Expert Plan: The Expert plan includes access to all AI Bots, signals, backtesting, time machine, and real-time data for all services. It’s a comprehensive plan for those serious about using AI for trading and investing. The plan costs $250 per month or $125 per month if billed annually.
Tickeron accepts all major credit cards payments powered by stripe.
2. Trade Ideas
Trade Ideas is a comprehensive AI stock trading bot provided in an advanced technology platform established in 2003, catering to investors, traders, and market professionals in over 65 countries. The platform offers a feature-rich stock market intelligence system that connects directly to exchanges and monitors every tick for every trade on various markets. Whether you’re a beginner or an experienced trader, Trade Ideas provides the education, practice, and support you need to become a successful self-directed investor. The platform’s award-winning technology enables you to find hidden profit opportunities no matter your risk tolerance or trading style.
Trade Ideas Key Features
- Real-time stock scanning and AI trading bots for active investors.
- Inflection data to visualize the stock market action like never before.
- Set price alerts and surf channels for potential investment opportunities.
- Simulated trading to hone your skills without risking real money.
- Brokerage Plus for direct trade execution.
- Market Explorer to identify stocks with the most momentum.
Trade Ideas Pros and Cons
Pros
- Powerful tools for analyzing the market and finding opportunities.
- Unparalleled analytics that scan the market in real-time using 25 technical indicators.
- High-quality educational resources including video lessons, webinars, and virtual summits.
- Customizable scanning to find stocks that match your personal trading style.
- Direct trade execution and an AI assistant to make trading recommendations.
Cons
- High fees compared to many competing platforms.
- Lack of investment coverage and a complex interface can be significant drawbacks for some users.
- The platform Premium tier is expensive, in which the strongest functionality is unlocked.
Trade Ideas Pricing Plans
Trade Ideas offers two pricing plans:
The Standard Plan: The standard plan cost $118 per month ($84 per month paid annually, a of total $999). This AI stock trading bot plan offers real-time stock scanning, AI insights, backtesting, and a suite of other features. It’s designed for traders who need a robust set of tools to identify potential investment opportunities and analyze market trends.
Premium Plan: The Premium Plan costs $228 per month ($167 per month paid annually, a of total $1,999). This AI stock trading bot plan includes all the features of the Standard Plan, plus additional advanced features like AI Trade Assistant, Alert Windows, Top List Windows, and Multi Strategy Window. This plan is ideal for serious traders looking for an edge in the market with the help of AI and advanced analytics.
Trade Ideas accepts all major credit cards.
3. Kavout
Kavout is a state-of-the-art AI stock trading bot & research assistant designed to help investors navigate the complexities of the stock market. This innovative platform uses intelligent algorithms that adapt to your unique investment style, providing data-driven insights and advanced technology to help you make informed decisions. Whether you’re a novice investor or a seasoned pro, Kavout’s sophisticated artificial intelligence stock trading copilot brings together a wealth of information to help you stay ahead of the curve and embrace the future of investing.
At the core of Kavout is “Kai”, a machine driven by AI algorithms that analyzes millions of individual data points, including SEC filings and stock market quotes. Developed by a team with decades of experience in analytics and markets, Kavout is a multi-functional artificial intelligence driven platform that helps investors of all experience levels to trade stocks more intelligently.
Kavout Key Features
- Kavout’s AI-powered stock recommendation provides a list of top stocks to trade daily.
- The platform uses pattern recognition technology and a price forecast engine.
- Kavout’s K Score is a predictive equity rating data feed powered by machine learning technologies.
- The platform analyzes a diverse array of datasets including fundamentals, pricing, and alternative data.
- Kavout’s dynamic multi-asset portfolios cover stocks and ETFs across sectors, regions, and asset classes.
- The platform offers strategy design and services, working with you to develop AI and machine learning-based solutions.
- Kavout’s AI Stock Pick services can be seamlessly integrated into consumer-facing websites or professional trading terminals.
- The platform provides objective and tradable signals, analyzing millions of data points and monitoring over 300 patterns daily.
Kavout Pros and Cons
Pros
- Kavout provides a comprehensive AI-powered stock recommendation system.
- The platform offers a predictive equity rating data feed, the K Score, powered by machine learning.
- Kavout’s dynamic multi-asset portfolios offer a wide range of investment options.
- The platform’s strategy design and services help you develop AI and machine learning-based solutions tailored to your needs.
- Kavout’s AI Stock Pick services can be seamlessly integrated into various platforms, providing flexibility for users.
Cons
- Kavout’s platform may be complex for beginners and may require some research and understanding of financial terms.
- The platform does not provide transparent pricing for smaller investors on their website.
- Kavout only works with US stock market data, limiting its scope for global investors.
- The platform may not analyze as many different points as other AI trading systems.
Kavout Pricing Plans
Kavout’s pricing does not appear on its website, indicating it may be tailored to individual user needs. For specific pricing, it’s recommended to contact Kavout directly. However, some of the available pricing information suggests that Kavout offers a range of pricing options based on the services and features you choose.
The Composite Factor Bundle, which provides ensemble scores for popular market factors, is available for $39 per month. This package includes 5 composite factors for 8000 US stocks.
Kavout’s K Score, a predictive equity rating data feed powered by machine learning, offers an annual subscription for as low as 0.02% of your fund profit. The annual subscription gives managers daily data-feed and an estimated alpha of 4.84%. The K Score fee varies based on the Fund’s AUM, ranging from 0.50% – 0.65% for up to $50M USD to 0.02% – 0.04% for $5B USD and up.
4. Stock Hero
Stock Hero is a user-friendly AI stock trading bot designed to cater to both beginners and advanced traders. This AI bot is provided to user in the form of a Software-as-a-Service (SaaS) advanced platform offers a suite of intelligent bots that analyze real-time market data and automatically open and close positions, saving traders countless hours of manual trading. Stock Hero’s bots are designed to profit from all market conditions, offering a range of strategies including Long and Short, Dollar Cost Averaging, Grid Strategies, and High Frequency Trades.
The platform is designed to be easy to set up, allowing traders to choose from preset bots in the marketplace or create their own. Once set up, the bot will automatically restart after closing its position. For those who prefer a risk-free trading environment, Stock Hero offers a Paper exchange that simulates real-time market data and executes trades without using real capital.
Stock Hero Key Features
- Offers a range of intelligent bots that analyze real-time market data.
- Allows traders to choose from preset bots or create their own.
- Bots automatically open and close positions, saving traders time.
- Supports a variety of strategies including Long and Short, Dollar Cost Averaging, and Grid Strategies.
- Provides a Paper exchange for risk-free trading with simulated real-time market data.
- Allows traders to view the overall performance of their bots through well-designed charts.
- Offers a marketplace of bots set up by experienced traders.
- Supports up to 1-minute high-frequency trades.
- Designed for both beginners and advanced traders.
- Allows traders to automate trades right from their computer or phone.
Stock Hero Pros and Cons
Pros:
- User-friendly interface that requires no coding skills.
- Offers a variety of intelligent bots and trading strategies.
- Provides a Paper exchange for risk-free trading.
- Allows traders to view the performance of their bots through charts.
- Offers a marketplace of bots set up by experienced traders.
Cons:
- May require a learning curve for beginners to understand all features.
- The effectiveness of trading strategies may vary based on market conditions.
- Some users may prefer more customization options for their bots.
- The platform’s performance may depend on the reliability of real-time market data.
- Some users may find the bot settings complex to configure.
Stock Hero Pricing Plans
Stock Hero offers three pricing plans, Lite, Premium, and Professional:
Lite Plan – The Lite plan is available for $4.99 per month or $49.99 per year if billed annually. This plan includes access to basic trading bots, ability to execute trades on a single exchange, and limited customer support.
Premium Plan – The Premium plan costs $49.99 per month or $499.99 per year, if billed annually. This plan includes access to all trading bots, ability to execute trades on multiple exchanges, priority customer support, TD Ameritrade, Stake UK and AU, Tradier, Alpaca, White Glove Service, and access to additional advanced trading features.
Professional Plan – The Professional plan is available for $99.99 per month or $999.99 per year, billed annually. This plan includes access to all trading bots, ability to execute trades on multiple exchanges, priority customer support, access to advanced trading features, access to exclusive bots in the marketplace, and Stock Hero accepts payments through credit cards.
Stock Hero accepts all major credit cards.
5. Algoriz
Algoriz is a powerful AI stock trading platform allowing traders and investors to make smart and informed decisions in the stock market. It offers a suite of AI bots and tools that automate the process of stock market analysis, making it easier to identify profitable opportunities. With Algoriz, you can track and manage your portfolios, research potential investments, and set up custom alerts. The platform’s advanced technical indicators and data visualization tools help you make more informed decisions. The intuitive dashboard makes it easy to navigate the platform, and the dedicated support team is always available to answer any questions. With Algoriz, you can take control of your investments and make smarter trades with confidence.
Founded in New York by experts who worked at Goldman Sachs, Algoriz is a trading platform based on artificial intelligence that provides opportunities to form trading strategies in a very simple way. It translates your desired action in English into an algorithm that executes a given function. Algoriz supports over 10,000 different strategies that are made and tested on the platform. Once you sign up on Algoriz, you will be provided with tutorial videos on how you can write your strategies and how to use the platform. Algoriz ensures that your strategies are kept in a secure database and will never be shared with others.
Algoriz Key Features
- Automates stock market analysis to identify profitable opportunities.
- Tracks and manages portfolios with an intuitive dashboard.
- Leverages advanced technical indicators and data visualization tools.
- Offers custom alerts for potential investments.
- Provides an intuitive interface that connects to different data vendors.
- Supports various coins like Bitcoin, Ethereum, and XRP.
- Allows secure connection of your broker account to automate trading algorithms.
- Supports over 10,000 different strategies made and tested on the platform.
- Provides standardized modules for designing executable strategies.
- Offers a simulated matching engine for algorithm testing.
Algoriz Pros and Cons
Pros
- Beginner-friendly platform with widespread data support.
- Effective automated trading with realistic test environment.
- Allows creation of custom trading algorithms.
- Provides an intuitive interface that connects to different data vendors.
- Supports various coins like Bitcoin, Ethereum, and XRP.
- Allows secure connection of your broker account to automate trading algorithms.
- Supports over 10,000 different strategies made and tested on the platform.
- Provides standardized modules for designing executable strategies.
- Offers a simulated matching engine for algorithm testing.
Cons
- The platform may be complex for users with no prior trading experience.
- The platform does not currently initiate trades but sends an email notification.
- The platform may not be suitable for traders who do not have a large bankroll.
- The platform may fail unexpectedly, leading to potential losses.
Algoriz Pricing Plans
Algoriz offers four pricing plans to cater to a variety of trading needs: Lite, Professional, Premium, and Enterprise.
Lite Plan: This is a free plan designed for beginners. It includes basic features that are essential for those who are new to trading. It’s a great way to get started and familiarize yourself with the platform.
Professional Plan: Priced at $29 per month, this plan offers advanced features for professional traders. It includes a wider range of tools and functionalities that can help enhance trading strategies and outcomes.
Premium Plan: This plan costs $69 per month and provides a comprehensive solution for trading needs. It includes unlimited algorithms and screeners, paper trading, trigger notifications via email and SMS, and a backtest period of five years or more.
Enterprise Plan: This is a custom plan designed for trading houses. The pricing is determined on a case-by-case basis and provides a tailored solution to meet specific trading requirements. For pricing information, users are advised to contact the sales team.
Algoriz accepts all credit cards payments.
6. TrendSpider
TrendSpider is a web-based AI stock trading platform that consolidates various stock trading AI bots and tools into a single platform. It is designed to automate the grunt work of trading, allowing traders to make faster, smarter, and more efficient trading decisions. The platform is equipped with real-time market data, premium charting, automated analysis, pattern recognition, real-time alerts, scanning, and robust back testing. It is not just an alert service or a proprietary trading system; it is a customizable platform that helps traders plan their trades and execute them like professionals.
TrendSpider is loved by tens of thousands of traders worldwide for its ability to unlock real-time market data, access robust real-time, historical, and alternative data, and provide free dedicated US-based support and training. It is a platform that offers four ways to elevate your performance: creating and improving your trading strategy, finding your next trading or investing idea, analyzing your charts and data like a pro, and timing your trades with precision.
TrendSpider Key Features
- Offers real-time market data, premium charting, automated analysis, pattern recognition, and real-time alerts.
- Provides robust backtesting capabilities to test and refine trading strategies.
- Features a powerful idea generation platform with smart watch lists, market scanning, and data flow.
- Brings charting and analysis to the next level with native automated pattern recognition, multi-timeframe analysis, and over 200 indicators built right in.
- Empowers traders to automate their trading with alerts and bots, allowing them to react to the market faster and never miss an opportunity.
- Allows traders to consolidate all their AI stock trading bots into a single platform.
- Provides access to robust real-time, historical, and alternative data.
- Offers free dedicated US-based support and training.
TrendSpider Pros and Cons
Pros
- Provides a comprehensive suite of AI stock trading bots in one platform.
- Offers real-time market data and robust backtesting capabilities.
- Features automated analysis and pattern recognition.
- Allows traders to automate their trading with alerts and bots.
- Provides access to robust real-time, historical, and alternative data.
- Offers free dedicated US-based support and training.
Cons
- The user interface may be challenging for beginners.
- Does not offer direct broker integration, meaning trades cannot be executed directly through the platform.
- The platform may be slower compared to other AI trading solutions due to its web-based nature.
TrendSpider Pricing Plans
TrendSpider offers three pricing plans: Essential, Elite, and Elite Plus.
Essential Plan: This plan provides basic access to most data, tools, and capabilities, making it perfect for beginners. It includes high-quality premium NYSE market data for US equities, comprehensive global cryptocurrency coverage across 100+ exchanges, and worldwide foreign exchange (FOREX) data. The Essential plan is available for $20.80 per month ($249.50 for a full year).
Elite Plan: The Elite plan offers full access to all TrendSpider features and capabilities. It includes everything in the Essential plan, plus some paid data upgrades like CME Futures. The Elite plan is available for $24.70 per month ($296.40 for a full year).
Elite Plus Plan: The Elite Plus plan is the most comprehensive package, offering everything in the Elite plan plus additional features and capabilities. The Elite plan is available for $32.40 per month ($388.80 for a full year).
TrendSpider accepts all major credit cards.
7. Signal Stack
Signal Stack is a cutting-edge order automation tool designed for active traders. This advanced tool, developed by TrendSpider, is a game-changer in the trading landscape, offering a simpler way to automate order placement across various brokerage and crypto exchange platforms. Signal Stack is designed to be user-friendly, requiring no coding skills, making it an accessible tool for traders of all backgrounds and expertise levels.
The platform is built on a robust and swift method of converting alerts from multiple trading platforms into automated orders executed in a brokerage account. This innovative integration layer solution is aimed at simplifying and streamlining order execution for traders, thereby enhancing trading efficiency. Signal Stack is has over 10,000 traders that manage more than 61,000 assets, making it a reliable platform for both amateurs and trading experts.
Signal Stack Key Features
- Easy integration with trading platforms and brokers, reducing setup times.
- Wide compatibility with third-party trading platforms and major brokers.
- Automated order execution enhancing trading efficiency.
- Supports all major order types supported by your broker.
- Works with all major asset classes supported by your broker.
- Reliable, fast order execution with secure architecture.
- High availability with 99.99% uptime.
- Affordable pricing options available to suit different needs and budgets.
- Safe to test with paper trading accounts.
- Robust logging and error handling, with automated alerts in case of exceptions.
Signal Stack Pros and Cons
Pros:
- Simplified process of placing automated orders in a brokerage account.
- User-friendly and streamlined platform with no coding required.
- Fast execution with reduced chances of slippage and increased likelihood of a good fill.
- Instant activation and customization of manual technical analysis.
- Supports multiple order types, including Market and Limit orders.
- 99% reliability and uptime, with dedicated efforts to maintain performance.
- Offers 25 free signals to test out the service.
Cons:
- Limited availability with certain brokers.
- Pricing based on the number of signals, which may not be cost-effective for all traders.
- Creating alerts is a manual process compared to creating trading bots.
- Signals are moderately expensive.
Signal Stack Pricing Plans
Signal Stack offers a unique pricing model that is based on the number of signals used:
5 signals/month Plan: This plan is free and allows users to test the platform and its features without any financial commitment.
50 signals/month Plan: Priced at $27 per month or $270 per year, this plan is suitable for traders who require a moderate number of signals for their trading activities.
250 signals/month Plan: This plan costs $97 per month or $970 per year, offering a higher number of signals for more active traders.
1000 signals/month Plan: The most comprehensive plan, it is priced at $347 per month or $3,470 per year, designed for heavy traders who require a larger number of signals.
Each plan includes the following features:
- Easy integration with trading platforms and brokers.
- Automated order execution.
- Supports all major order types supported by your broker.
- Works with all major asset classes supported by your broker.
- Reliable, fast order execution with secure architecture.
- High availability with 99.99% uptime.
- Safe to test with paper trading accounts.
- Robust logging and error handling, with automated alerts in case of exceptions.
The platform accepts payments through major credit cards.
8. Imperative Execution
Imperative Execution is a financial AI technology company that has made a name for itself by engineering smart, efficient trading venues. The company’s primary focus is on improving market efficiency with systems and platforms that optimize for investors’ trading objectives. Founded by financial industry veterans and trading technology experts, Imperative Execution is the parent company behind IntelligentCross, its first “Smart Venue” Alternative Trading System.
Imperative Execution’s IntelligentCross is the first venue to use artificial intelligence (AI) to optimize trading performance. The company’s matching logic optimizes price, making it a powerful tool for investors. The company’s commitment to creating more efficient markets is evident in its innovative approach to market design, which optimizes towards execution quality and liquidity.
Imperative Execution Key Features
- Built to minimize market response after each trade.
- Focuses on improving market efficiency with systems and platforms.
- Optimizes for investors’ trading objectives.
- Uses artificial intelligence (AI) to optimize trading performance.
- Offers an online financial trading platform.
- Provides stock trading services.
- Creates efficient financial trading venues and markets.
- Offers pre & post trade points and bid & offer quotes for performance analysis.
- IntelligentCross ATS aims to negate the effect of high frequency traders on execution quality.
- Accessible through major electronic execution providers.
Imperative Execution Pros and Cons
Pros:
- Uses AI to optimize trading performance, leading to improved results.
- Focuses on improving market efficiency, making it a reliable choice for investors.
- Offers a comprehensive online financial trading platform, providing a one-stop solution for trading needs.
- Provides pre & post trade points and bid & offer quotes for performance analysis, offering detailed insights.
- IntelligentCross ATS negates the effect of high frequency traders on execution quality, ensuring fair trading.
Cons:
- The use of AI in trading, while innovative, may not be preferred by all investors.
- The platform’s focus on market efficiency may not align with the strategies of all traders.
- The company’s services may not be as diverse as those offered by larger, more established trading platforms.
- Access to the platform may be limited to major electronic execution providers, potentially limiting accessibility for some users.
Imperative Execution Pricing Plans
Imperative Execution offers a straightforward pricing structure for its services:
ASPEN Fee/Fee and Midpoint Plan: This plan charges a base rate of $0.0008 per share for each side of a transaction. It includes access to the IntelligentCross platform, AI-optimized trading performance, and the ability to minimize market impact.
Imperative Execution accepts credit cards payments.
9. MetaStock
MetaStock is an award-winning charting AI stock trading software and market data platform that has been serving self-directed traders for over 30 years. It offers a suite of AI stock trading bots and market data products designed for active traders of all levels. The platform allows traders to backtest, scan, and analyze the markets with confidence, resulting in reliable buy and sell signals. Whether you’re a day trader, swing trader, or end-of-day trader, MetaStock provides the AI stock trading bots and tools you need to trade stocks, options, futures, FOREX, and more.
MetaStock Key Features
- Offers over 300 types of charts and indicators for a variety of financial instruments such as stocks, bonds, ETFs, and forex.
- Provides powerful analysis AI bots and tools to help you decide what to buy and sell and when to execute, resulting in the most profitable trades.
- Allows you to scan the market to identify current opportunities based on your criteria.
- Enables backtesting of your strategies to see how well they have performed in the past.
- Forecasts future price action based on past events.
- Offers 49 third-party add-ons, enabling even more advanced analysis capabilities.
- Provides precise buy/sell signals based on the author’s trading methodology.
- Works seamlessly with DataLink to provide your MetaStock charts and analysis with industry-leading data that is accurate, clean, and dependable.
MetaStock Pros and Cons
Pros:
- Offers a vast news feed service in addition to its state-of-art software.
- Equipped to meet the needs of every type of trader from beginner, financial adviser to broker.
- Provides a variety of preset trading systems to choose from, plus you can set up your own systems.
- Offers a free one-month trial for any MetaStock product.
- Provides excellent customer support and educational webinars.
Cons:
- The platform may be overwhelming and challenging to navigate for beginners.
- It takes time to learn how to effectively use all the features.
- The design of the application may seem outdated to some users.
MetaStock Pricing Plans
MetaStock offers a variety of pricing plans to cater to the needs of different types of traders. The pricing plans are designed to provide flexibility and affordability to traders, whether they are just starting out or are experienced in the field.
MetaStock Daily Charts and DataLink: This package is perfect for end-of-day traders who need reliable, clean, and accurate data. It includes one regional stock package of Refinitiv DataLink and is priced as low as $59 per month depending on the region selected.
MetaStock Real Time Subscription: Designed for real-time traders who use intra-day data to transact in real-time throughout the trading day. This subscription is priced at $100 per month and requires a separate XENITH subscription to operate.
XENITH Subscription: This is a comprehensive analysis tool that provides essential news, data, analytics, commentary, and insights. Access to XENITH is included with the MetaStock Real Time subscription and can also be purchased as a separate subscription. The XENITH subscription starts at $165 per month.
STS Endeavor Monthly Subscription: This subscription is priced at $99 per month or $1069 per year.
MetaStock accepts credit cards payments.
10. TradingView
TradingView is a smart AI stock trading tool for traders looking to conduct technical analysis on stocks, currencies, and other financial instruments. With its headquarters in London, TradingView offers a platform for users to chart, trade, and chat about markets, including customizable visualizations. The AI stock trading bot platform is compatible with Windows, Mac, and Linux computers, and offers mobile applications for Apple iOS and Android devices.
TradingView stands out for its user-friendly interface, making navigation a breeze. Traders have access to a wide range of customizable bots and tools and charts, allowing them to tailor their trading experience to their preferences and strategies. TradingView’s intuitive design enhances the trading journey and allows traders to focus on making informed decisions.
TradingView Key Features
- Offers hundreds of built-in indicators and strategies for in-depth market analysis.
- Provides intelligent drawing tools covering the most popular trading concepts.
- Allows users to simulate real trading right on their chart, testing ready-made or self-written strategies in real-time based on historical data.
- Enables trading directly on charts in just a few clicks using supported, fully-verified, and user-reviewed brokers.
- Offers a watchlist widget, allowing users to track their favorite symbols and switch quickly between the corresponding charts.
- Provides a details widget that displays a certain symbol’s information such as bid/ask prices, trading hours, and a price range during the day.
- Includes a buy/sell widget that allows users to place orders instantly.
TradingView Pros and Cons
Pros
- Offers a wide variety of indicators and enhanced charting tools.
- Provides real-time data and expanded watchlists.
- Features a user-friendly interface with customizable AI bots and tools and charts.
- Supports mobile applications for both Apple iOS and Android devices.
- Allows users to simulate real trading on their chart.
Cons
- Certain features that are available on the TradingView website are not supported in the libraries.
- The platform may be complex for beginners to navigate and understand.
- The free version of TradingView has limited features compared to the Pro version.
TradingView Pricing Plans
TradingView offers three different pricing plans to cater to the varying needs of traders: Essential, Plus, and Premium.
Essential Plan: This plan is priced at $14.95 per month (or 12.95 per month if billed annually, a total of $155.40 per year). It includes a 2-charts layout, 5 indicators per chart, 10K historical bars, 20 price alerts, and 20 technical alerts. It also allows for 10 parallel chart connections.
Plus Plan: The Plus plan is priced at $29.95 per month (or 24.95 per month if billed annually, a total of $299.40 per year). It offers a 4-charts layout, 10 indicators per chart, 10K historical bars, 100 price alerts, and 100 technical alerts. It also supports 20 parallel chart connections.
Premium Plan: The Premium plan is available for $59.95 per month (or 49.95 per month if billed annually, a total of $599.40 per year). It provides an 8-charts layout, 25 indicators per chart, 20K historical bars, 400 price alerts, and 400 technical alerts. It also allows for 50 parallel chart connections.
TradingView accepts payments through credit cards.
11. VectorVest
VectorVest is a sophisticated AI stock trading bot, stock analysis and portfolio management application that has been gaining popularity among investors and traders. This platform offers a suite of AI stock trading bots and tools that allow users to analyze stocks, track market trends, and make informed investment decisions. VectorVest operates as a subscription service for those wanting an automated stock analysis/advisory platform. It identifies opportunities and points to the action to take which makes it a good choice for serious traders.
VectorVest Key Features
- Provides a simple, step-by-step system to buy and sell stocks which consistently outperform the market.
- Offers proven market timing and award-winning stock analysis and ranking.
- Features premium stock watchlists and exclusive stock graphs.
- Uses complex algorithms to take care of all the tedious research and data crunching.
- Provides access to more than a dozen of VectorVest’s top-performing stock lists.
- Displays the buy/sell/hold ratings for any stock or add VectorVest’s unique Relative Timing Trend.
- Offers automatic ranking for Value, Safety, and Timing to take the guesswork out of owning the best stocks and selling or avoiding the worst.
- Provides rule-based signals that help you keep your portfolio on the right side of the market.
VectorVest Pros and Cons
Pros:
- Can eliminate emotions from trading decisions.
- Great for experts in trading options.
- Reduces manual analysis of data.
- Offers lots of tutorials/training for beginners.
- Simplifies market timing, stock strength calculations, and valuations.
- Provides buy and sell trade signals.
Cons:
- More expensive than most competitors.
- Too much info can be overwhelming/confusing for beginners.
- The AI bot runs on your computer power.
- You have to trust the math with your hard-earned money.
VectorVest Pricing Plans
VectorVest offers three main pricing plans: Basic, Enhanced, and Premium.
Basic Plan: The Basic plan costs $9.95 for the first month, then $$69 per month, the Basic Plan provides end-of-day data updates, stock analysis & ratings, daily stock picks, market timing, and access to free education courses. This plan is ideal for investors who prefer to analyze the market at the end of the trading day.
Enhanced Plan: The Enhanced Plan costs $9.95 for the first month, then $99 per month. It includes all the features of the Basic Plan, plus 15-minute delayed data updates, access to the successful investing coaching group, advanced trading stop, and the ability to connect to a partner broker to manage and trade your portfolio directly from VectorVest.
Premium Plan: The Premium Plan is priced at $9.95 for the first month, then $149 per month. It offers all the features of the Enhanced Plan, with the addition of real-time data updates, access to VectorVest’s top-performing stock lists, ProTrader technical searches, AutoTime trading planner automation, WatchDog stock alerts and rule-based signals to help keep your portfolio on the right side of the market.
VectorVest accepts payments through all major credit cards.
12. Scanz
Scanz is an AI stock market scanner, AI stock trading bot and advanced web platform designed to assist day traders in identifying profitable trades swiftly and efficiently by monitoring live market activity. This proprietary AI bot platform combines powerful scanners, alerts, newsfeeds, charts, unique montages, and customizable layouts within a beautifully designed and intuitive platform. Scanz is your ultimate real-time window into the stock market, uncovering endless daily trade opportunities for traders who won’t settle for second best.
Scanz Key Features
- Provides real-time market scanning and monitoring for quick identification of profitable trades.
- Offers powerful scanners, alerts, and newsfeeds to keep traders updated on market activity.
- Features unique montages and customizable layouts for personalized trading experience.
- Includes integrated trading, allowing users to connect to their broker and trade directly from the platform.
- Supports multiple languages, making it appealing for international traders.
- Offers an extensive knowledge base and video tutorials for mastering the platform.
- Provides a Pro Scanner for advanced market scanning and an Easy Scanner for simplified scanning.
- Allows creation of custom watchlists for tracking potential trading opportunities.
- Offers real-time Level II data for in-depth market analysis.
- Provides a Breakouts feature that delivers real-time trading signals.
Scanz Pros and Cons
Pros
- Comprehensive and real-time market scanning capabilities.
- User-friendly interface with customizable layouts.
- Integrated trading feature for seamless trading experience.
- Extensive educational resources and support.
- Multilingual support broadens its user base.
- Advanced Pro Scanner and simplified Easy Scanner cater to different user needs.
Cons
- The platform may be overwhelming for beginners due to its extensive features.
- The cost of the platform may be high for some users.
- The platform may require a learning curve to fully utilize its features.
- The platform is heavily reliant on real-time data, which may be affected by internet connectivity issues.
Scanz Pricing Plans
Scanz offers a single comprehensive pricing plan to its users:
The Scanz plan is available for $169 per month. This plan includes both Level 1 and Level 2 quotes, full coverage of the Nasdaq, NYSE, and AMEX markets, real-time market data, scanning and filtering tools, news and SEC filings tools, alerting tools, market monitoring tools, broker integrations for seamless trading, and much more. It also includes access to ETF’s, SPAC’s, Warrants, and Preferred shares, as well as a pre-market scanner and an after-hours scanner. The plan comes with a 14-day free trial for new users to explore and understand the platform before committing to a subscription.
Scanz accepts credit card payments.
FAQs on AI Stock Trading Bots
What is an AI stock trading bot?
An AI stock trading bot is an automated system that uses artificial intelligence and machine learning algorithms to analyze market data, identify trading opportunities, and execute buy and sell orders on your behalf.
How do AI stock trading bots work?
AI stock trading bots analyze historical and real-time market data using advanced algorithms. They identify patterns and trends, determine optimal entry, and exit points for trades, and execute buy and sell orders automatically.
Who can benefit from using AI stock trading bots?
Traders and investors of all experience levels can benefit from using AI stock trading bots. Beginners can learn quickly and practice with simulated environments, while advanced traders can leverage AI to improve their existing strategies and maximize returns.
What are the different types of AI stock trading bots?
There are various types of AI stock trading bots, catering to different trading styles and goals. Some bots focus on day trading, while others are designed for swing trading or long-term investing.
Are there free AI stock trading bots available?
While some AI stock trading bots offer free trials or limited features for free, most advanced bots require a subscription or one-time payment to access their full capabilities, and eventually are a must of you want to trade the right way.
What are the limitations of AI stock trading bots?
AI stock trading bots have some limitations, such as the potential for mechanical failures, the need for monitoring to ensure proper functionality, and the possibility of underperforming in certain market conditions. Additionally, they are not a substitute for a sound trading strategy and risk management practices.
Conclusion
AI stock trading bots are advanced software programs that utilize artificial intelligence (AI) algorithms and machine learning techniques to automate the process of buying and selling stocks. They are designed to make decisions faster and with fewer errors, leading to increased profitability. These bots are capable of processing vast amounts of data and executing trades at lightning speed, ensuring quicker and more accurate responses to market changes.
One of the key features of AI stock trading bots is their ability to automate trading strategies. They can be programmed to trigger an event when certain conditions from your strategy are met, such as posting to a private Discord server or placing trades in a brokerage or exchange account. They can also be customized to match your exact strategy and work on any timeframe from 15 minutes and up.
However, it’s important to note that AI stock trading bots also have limitations. For instance, they require the monitoring of functionality and can perform poorly if not properly managed. Additionally, even if you use an AI trading bot, you must set the bot’s trading parameters and rules. Therefore, while AI can assist in examining annual reports, regulatory filings, and financial statements, it’s ultimately up to you to make your own decisions.
AI stock trading bots can be a powerful tool for traders and investors, offering the potential to maximize returns and minimize risk. However, understanding their features, capabilities, and limitations is crucial in making an informed decision about whether to incorporate them into your investment strategy.