5+ Best AI Trading Software (2023): Trade Stocks Like A Pro
Are you looking for a way to make money in the stock market?
The best AI trading software can help optimize your investment strategies and improve your overall profitability. Using the right software makes it easier for anyone to trade stocks like a pro.
Trade Ideas
This easy-to-use software provides traders with direct access to Exchanges and reliable real-time data.
Plus premium features such as AI Holly – an intelligent assistant that backtests hundreds of strategies every night in order to get you maximum profits.
Tickeron
Are you an advanced trader looking for a one-stop shop to maximize your trading potential?
Tickeron is the perfect automated solution that offers comprehensive services across all of the major financial markets – allowing experienced traders to reach their peak performance.
Stoic
Transform your crypto trading journey with Stoic’s AI-powered platform.
Stay ahead of the curve with data-driven insights, personalized strategies, and intelligent decision-making tools designed for success.
Artificial intelligence (AI) trading software has been making waves in the financial world and for a good reason. AI stock trading software has the potential to take the guesswork out of stock trading by analyzing vast amounts of data and making split-second decisions.
This means a shift in your trading mindset to encompass these new technologies. It requires a more modern approach that incorporates alternative trading strategies in order to stay ahead of the curve.
You can automate your trading strategy using stock trading bots without any complex coding, and they are fully customizable to deliver on anything you can think of. In fact, around 70 percent of trades are now automated by big institutions.
What is The Best AI Trading Software on The Market?
Well, that depends on your individual needs and preferences. However, some great software programs are available, and I’ve listed some of the best below in this AI trading software review.
If you’re into crypto, I recommend starting with Stoic. This software is designed to help automate most of your trading.
If you’re more experienced, then I recommend using Trade Ideas. This software provides you with real-time market data and news, as well as powerful analysis tools that can help you to make better trading decisions.
1. Trade Ideas
Best overall and for accurate real-time data
Trade Ideas was formed in 2003 and is an industry leader, boasting a direct connection to the Exchanges, allowing it to analyze every trade placed. Every tick is monitored by their system, which checks and rechecks, and compares the movement to previous ones in real-time.
This AI stock trading software analyzes technical and fundamental data for thousands of stocks each day, scanning hundreds of social media and news websites for company-based movements that could affect the stock price.
Using this information, the software can generate trade ideas. While the automated trading does all of the heavy lifting, it’s still up to the individual trader to decide whether to enter a trade.
A standout feature is this AI software can filter out stocks that may perform poorly, as it analyzes the stock’s past performance (historical data) and real-time standings. This is one of my favorite features, along with highly accurate data.
Subscribing to the premium tier allows you to access AI-Holly, their virtual AI trading assistant.
AI Holly takes the guesswork out of stock market trading. Every night, AI Holly backtests her more than 60 strategies and optimizes them for maximum profitability.
This process would take me many days, but AI Holly can do it in a few hours. After backtesting and optimization, AI Holly analyzes the overall markets and selects only the strategies with the highest statistical chance of delivering profitable stock trades for the upcoming day. AI Holly is constantly learning and improving, so you can be confident that you’re getting the best possible advice for your trading decisions.
This is extremely useful for intraday trade management, and Holly has a proven track record of success, with many of her entries going on to be multi-day holds.
Key Features/Benefits
- Direct connection to the Exchanges allows it to analyze every single trade placed
- Monitors and rechecks data in real-time
- AI Holly assistant
- Scans of social media and news websites for company-based movements
- Generates trade ideas and exit signals
- Quality simulated trading
- Backtests and optimizes strategies for maximum profitability
- Full quote windows
Pricing
There is also around a 25% discount if you pay annually.
Standard: $118 monthly
Premium: $228 monthly
What I like/dislike about Trade Ideas:
Like:
- User-friendly interface
- AI Holly (on premium tier only)
- Scans the market for trade ideas in real-time
- Fully customizable
- Direct connection to brokerages like Interactive Brokerage and Etrade
- Paper (simulated) trading feature
- Direct connection to the Exchanges
- Excellent customer support
Dislike:
- Expensive
- Mainly focused on short-term trading
- No mobile app
My Take
If you’re looking for the best AI stock trading software on the market, then I recommend Trade Ideas. Its user-friendly interface and direct connection to the Exchanges make it an excellent choice for novice traders and more accomplished ones.
Get started with Trade Ideas.
2. Tickeron
Best for advanced traders
Tickeron was founded in 2013 and quickly became one of the leading artificial intelligence trading platforms.
Although I found it to be a little overwhelming at first, if you already have some experience, it really is an excellent piece of software, comprising many different tools, an all-in-one platform if you like.
If you’re looking for a comprehensive AI-based trading software solution, Tickeron has got you covered. It offers a wide range of features to help make your day-to-day trading activities more manageable, including quick stock market search, superior trend prediction engine, market analysis, custom watchlists, and trading ideas.
The software also offers plenty of market analysis, automated trading strategies, and trading signals to keep you informed on the latest happenings in forex, stocks, and cryptos. Plus, it’s powerful enough to meet the demands of professional traders.
Whether you’re an active day trader taking multiple positions every day or a swing trader who enjoys leaving trades for more extended periods, this software can benefit your trading.
I also really liked the confidence indicator for trend forecasting to assess your chances of success, which is based on historical past data and expected future trends.
Key Features/Benefits
With so many excellent tools, here is a summary of the best ones:
- All-in-one AI trading platform
- Covering all major financial markets
- Excellent market analysis tools
- Advanced AI Trend Forecasting
- Customizable watchlist, trading signals, and alerts
- A large community of active traders to follow and learn from
Pricing
Tickeron’s pricing plans can be confusing! However, I recommend beginning with one of their simplified plans to get you started.
Investor: $60/month ($36/month annually)
Swing trader: $80/month ($48/month annually)
Day Trader: $100/month ($60/month annually)
Expert: $250 ($150/month annually)
What I like/dislike about Tickeron:
Like:
- Great AI robots for each level type of trading
- Excellent educational center and community
- Paper trading option
- Accurate forecasting data
Dislike:
- It can be overwhelming at first
- Pricing plans are confusing
My Take
Tickeron is best suited for advanced traders looking for an all-in-one automated trading platform that covers all major financial markets. If you are already experienced, this trading software will provide you with everything you need to take your trading to the next level.
Get started with Tickeron.
3. Stoic
Best for pro traders with a Binance account
Stoic.ai is an automated crypto trading platform that hedge fund Cindicator Capital developed in 2015. It allows users to connect to their Binance account through API keys and use the AI-based algorithm to trade cryptocurrency on their behalf.
While other bots require managing individual assets and strategies, Stoic is pre-configured with a portfolio of top crypto assets that it uses to automatically adjust ratios for investing and trading.
By analyzing historical returns, correlations with other assets, and price volatility, Stoic AI identifies the cryptocurrencies most likely to see continued price growth. With an algorithm that continuously adjusts asset weight, you can earn higher yields without the guesswork.
With Stoic, users can take advantage of hedge fund-level strategies and algorithms without worrying about manual trading or market analysis. The closest thing to a set-and-forget trading software you’ll get.
Key Features/Benefits
- Automated trading: With Stoic, users don’t have to monitor the markets or analyze data manually. The AI-based algorithm takes care of all the trading decisions for you, allowing you to focus on other things while taking advantage of potential market profits.
- Hedge fund-level strategies: Their AI-based algorithm uses advanced techniques and algorithms typically only available to hedge funds, giving users access to higher returns than they could achieve with manual trading or other automated platforms.
- Low fees: Unlike many other automated trading platforms, this platform has very low fees, making it a great option for those who want to take advantage of automated trading without breaking the bank.
- Easy setup: Setting up your account with Stoic is easy, allowing you to get started quickly and take advantage of its features immediately.
Pricing
Stoic has three main plans, and these prices are for annual billing:
- Starter: $9
- Plus: $25
- Pro: 5% in Crypto
What I like/dislike about Stoic
Like:
- Automated trading: No need for manual monitoring or analysis
- Hedge fund-level strategies: Access high returns not available elsewhere
- Low fees: Affordable option for automated trading
- Easy setup: Quickly get started with your account
Dislike:
- Limited to the Binance platform
- Fee paid upfront
- Dependent on market conditions and volatility
My Take
I think Stoic is an excellent software for anyone looking to get into automated crypto trading without worrying about the complexities of manual trading. I think the ability to customize your own strategies based on your risk tolerance is a great feature that helps you tailor your investments according to your needs.
Get started with Stoic.
4. TrendSpider
Best for experienced traders and automated technical analysis
TrendSpider is the perfect platform for any technical trader, providing real-time data on stocks, cryptos, and the forex market, as well as delayed futures and index information.
The navigation tools were easy to use and understand so that I could make informed decisions about my trades. And if you need help along the way, free support and training are always available.
TrendSpider is the perfect tool for more seasoned traders, as it allows you to find better opportunities without cramping your trading style and customize your smart watchlists in seconds. This way, even when you’re busy with other things, you can still keep an eye on the markets.
Frequently, technical analysis can be very tedious, especially the parts that are done manually. To assist with this issue, Trend Spider was created by traders to automate those processes. With this trading software, you will have more time to find opportunities and avoid costly trading mistakes.
Also, one neat feature of TrendSpider is Raindrop Charts. These stock charts make volume easily visible by incorporating a volume profile measurement into the price bars themselves.
This can be really helpful in refining your trading strategies and ensuring that you’re making the most profitable trades possible.
For example, creating an AI trading bot is simple and can be done in a few easy steps. First, you’ll want to select a trading strategy to convert into an AI bot. Once you’ve chosen one, you’ll need to set up some basic information, such as the exchanges it will trade on, the currencies it will trade, and the buy and sell thresholds.
After that, you can set up notifications, post to Discord, or any other actions you’d like your AI bot to take. With just a few minutes of setup time, you can have a fully automated trading bot working for you.
Key Features/Benefits
Here are some of the main features:
- No code-automated AI stock trading bots
- Unique Raindrop Charts feature (developed by TrendSpider)
- Customizable watchlists and indicators
- Multi-Timeframe Analysis
- Free training and support are available
- Advanced features for experienced traders
- Stock market chart tools make volumes easily visible
- The platform is constantly being updated with new features
- You can customize the AI bots to take any action you want, including notifications and posting to Discord.
Pricing
Thankfully, TrendSpider has a simple pricing plan to suit your needs, guaranteed 99.9% uptime, and includes a 7-day free trial.
The prices below are for monthly billing, but you can save 25% with annual billing.
Essential: $39/month
Elite: $79/month
Elite Plus: $139/month
What I like/dislike about TrendSpider:
Like:
- Raindrop feature
- Great Charts & Indicator Selection
- Automatic Multi-Time-Frame Analysis
- Superior backtesting tools
- Free 1-on-1 training for subscribers
- Simple pricing plan
- Mobile App
Dislike:
- It would be best if you were an experienced trader, not a beginner
- I found some stock charts loaded slowly
My Take
TrendSpider is a decent platform for traders with more experience and provides a wealth of features to provide a quality platform. Combined with their own unique features like Raindrop charts and the training university, TrendSpider should be considered.
Get started with TrendSpider.
5. 3commas
Best for cryptocurrencies
If you’re looking for a cryptocurrency trading platform that offers a wide range of features and functions, look no further than 3Commas.
With AI stock trading bots for DCA, Grid, Options, and Futures trading, this software covers you no matter your trading strategy. The Portfolio Management tool makes it easy to keep track of all your positions in one place.
The advanced trading platform offers an intuitive and user-friendly interface to help traders focus on their performance. The data analytics provide more robust tools for managing trades than what is offered at crypto exchanges, giving users simple access while still providing them with helpful information like historical price data or trends in trade volume over time.
Automated trading happens via an API integration between cryptocurrency markets that can be used 24/7 by AI trading bots scanning multiple charts simultaneously, looking to execute trades when they find suitable opportunities.
There are also some great options around portfolio building – you have over 30 indicators + 90 candle patterns at your disposal.
Key Features/Benefits
Some of the best features include:
- Automated crypto trading
- Good range of supported exchanges
- Wide range of features and functions
- User-friendly interface
- Preset bots based on experienced trader settings
- Integrated signals
- Paper trading
Pricing
3Commas has four main plans: a decent free plan and a significant 50% discount for annual billing.
- Free: $0 (no paper trading)
- Starter: $29
- Advanced: $49
- Pro: $99
What I like/dislike about 3Commas:
Like:
- Generous free plan
- Excellent support
- Advanced technical analysis
- Preset the bots according to experienced trader settings
- 18 supported exchanges
- Smart Trade Terminal exclusive to 3Commas
Dislike:
- Overwhelming for beginners
- No paper trading on the free plan
- Occasional login problems
My Take
3Commas is the ultimate cryptocurrency trade management platform for investors and traders who want to take their portfolios to the next level. With a powerful suite of tools and features, it helps you make more informed decisions about when to buy and sell, manage risk more effectively, and ultimately boost your profits.
Get started with 3Commas.
6. Black Box Stocks
Best for beginners
Some people are looking for a stock scanner that uses artificial intelligence (AI) to detect market pricing and values. If you want something simple yet powerful enough in terms of features, then Black Box Stocks is what I recommend. It’s not too overwhelming and a great start platform for beginners.
They even have a 3-hour twice-weekly free webinar for members that are brand new to trading.
Its proprietary algorithms, coupled with predictive technology like time series databases or machine learning algorithms, will help uncover large price swings and unknown trends within seconds.
Black Box Stocks can alert you to tremendous opportunities via its alerting signals and continuously scans exchanges like the NYSE, CBOE, and the NASDAQ while analyzing over eight thousand stocks and almost one million options contracts – all done repeatedly in under a second.
I like the fact that this stock trading software is helping the home trader compete with the big guys, as it uses similar algorithms.
Key Features/Benefits
Features include:
- Beginner friendly with an intuitive interface
- High-quality training materials, including webinars
- Uses effective proprietary algorithms
- Access to 2 private Twitter groups and a private Discord channel
- Great news feeds to keep you updated
Pricing
Black Box Stocks has refreshingly simple pricing – two plans! You also get around a 20% discount for yearly billing. They also run free trials; check here for availability.
Monthly: $99.97
Yearly: $959 (saves you $240.64)
What I like/dislike about Black Box Stocks:
Like:
- Good for beginners
- Quality educational material and help from professional traders
- Suitable for high-frequency trading
- Excellent support
- Uses stocks and options scanner in real-time to see market changes
Dislike:
- Amount of alerts can be overwhelming
My Take
With its AI-powered technology, Black Box Stocks can alert you of potential market opportunities and help you make more informed decisions. And because it displays everything on the screen, it’s really convenient to use. So if you’re looking for a powerful yet easy-to-use AI stock trading tool, be sure to check out this AI software.
Get started with Black Box Stocks.
What is AI Trading Software?
AI trading software is a computer program that uses artificial intelligence to make trading decisions. It looks at patterns in data to identify trends and predict future price movements. This information can then be used to place trades automatically or provide guidance to traders making manual trades.
This software can be used for various purposes, including managing portfolios, making decisions about individual trades, and providing advice to human traders.
While AI trading software is still in its early stages of development, it has the potential to revolutionize the world of finance.
Some experts believe this software will eventually outperform human traders by making faster and more accurate decisions. As the technology continues to develop, stock trading bot software will likely become an increasingly important tool for investors worldwide.
FAQ’s
What is the best AI trading software?
From my experience, the best overall software to make your trading profitable is Trade Ideas, as it is a complete package and an industry-leading platform. If you are new to AI trading, go for Black Box Stocks, as the learning curve is not as steep as the others, and they provide excellent training.
Can AI predict stock market prices?
The true answer here is that while the jury’s out on whether AI can predict future prices, it certainly can help predict how specific stocks will perform in the future and why so many large institutions are now using AI in their everyday trading activities.
Do automated stock trading bots work?
Yes, they do work, but it depends on the algorithms they are using and how they are programmed to automate stock trading.
What percentage of trades are automated?
According to the latest data from Wall Street, it’s estimated that over 70% of trades are now automated (based on algorithms).
AI trading software cost?
If you pay annually, you can make big savings and get started from as little as $20 a month, but a more effective system will start at around $100.
If you’re a beginner, start low, work your way up, and always take advantage of the free trials and free education on offer to give you a head start.
Wrapping Up
Overall, AI stock trading can be extremely helpful for traders and investors. While there is still some debate about whether or not AI can accurately predict future stock prices, it has been shown to be effective in identifying trends and making decisions about individual trades.
If you’re considering using this software, I hope this AI algo trading software review enables you to choose a reputable software as outlined in this article.
If you’re willing to put in the effort, this software can be a valuable tool in your trading arsenal and enhance your own trading strategy.
For more AI software posts, check out these below:
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