What if you could take the psychological element out of trading? What if you could trade without bec...
What if you could take the psychological element out of trading? What if you could trade without becoming a victim of your own emotions?
Well, the answer might sound ridiculously simple, Switch to automated trading!
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Computers give traders the power to automate their moves and take all the emotion out of the deal.
By using automated trading software, you can set parameters for potential trades, allocate capital, and open or close positions all while you sleep or watch TV.
But automated trading doesn’t guarantee automatic profits. There’s still plenty of risks involved, even when computers do all the work.
Anyways, get yourself introduced to some of the BEST trading robots out there. Here are the deets...
Best Overall: MetaTrader 4
Few pieces of trading software have the power of MetaTrader 4, the popular Forex trading platform from Russian tech firm MegaQuotes Software Inc.
MetaTrader 4 was released in 2005 to much acclaim and quickly became the Forex platform of choice for experienced traders.
MetaTrader 4 could be integrated into almost any brokerage account, allowing users to harness the platform’s capabilities without forcing them to open new accounts.
The platform runs on its own programming language, MQL4, which is similar to popular programming languages like C.
Best for Stock Trading: Interactive Brokers API / FIX CTCI
Interactive Brokers is a global trading firm that offers brokerage services in 31 different countries. Users can access 120 different markets, from equities to bonds to currencies.
New traders will find plenty of educational materials about different products, markets, and strategies through Traders University. Experienced traders can play around with automated systems using Interactive Brokers’ API solutions.
Interactive Brokers API allows users to build their own automated trading systems using popular languages like Java, Python, and C++.
Best for Premium Access: Zen Trading Strategies
Zen Trading Strategies offers access to premium Tradingview strategies and indicators.
All of Zen’s Tradingview strategies allow you to backtest different ideas on Tradingview, so you can take a look at how your trading idea did over historical data in the past.
Try different trading ideas and customize settings for trend detection, mean reversion, volume, breakouts, momentum, and more.
You can also set stop losses, take profit, and add additional filters for how and when your trades should enter and exit.
Best for Bot Trading: Botsfolio
Want to invest just 5% of your net worth into cryptocurrency markets and make your portfolio outperform the best equity tycoons? You can do it with Botsfolio.
Just answer a few questions to know how to allocate investment in different cryptocurrency trading strategies, add investment amounts to your cryptocurrency trading exchange and link it with Botsfolio in minutes.
Bots automatically trade from your account and you can track your automated cryptocurrency trading activities on Botsfolio’s intuitive visual dashboard.
Best for Automated Crypto Trading: Trality
Trality is a platform for anybody who wants to create highly intricate, super-creative algorithms within an educational, community-driven infrastructure that promotes learning and development as a trader.
Founded in Vienna in 2019, the platform has quickly become one of the most popular choices worldwide for both beginner and advanced crypto traders.
For those who don’t know how to code advanced trading algorithms, the platform developed a state-of-the-art tool called Rule Builder.
It’s the graphical user interface that lets you build your trading bot’s logic by simply dragging and dropping indicators and strategies.
For advanced users who know Python coding, Trality’s browser-based Code Editor is the most advanced of its kind. This tool allows developers to make use of their coding knowledge to create intricate and advanced strategies securely and fast.
cheers!
