What if you could take the psychological element out of trading? What if you could trade without becoming a victim of your own emotions? The best automated trading software makes this possible.To get more news about automated trading, you can visit wikifx.com official website.
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 risk involved, even when computers do all the work.
Best Automated Trading Software
Benzinga has selected the best platforms for automated trading based on specific types of securities. Different categories include stocks, options, currencies and binary options.
No matter your trading style, be sure to research and understand what you’re buying. As previously mentioned, automated trading isn’t a golden ticket. You can make money while you sleep, but your platform still requires maintenance. As you select the best platform for your portfolio, remember that you can spread your investments out depending on the performance you prefer, and you might also shift your portfolio to a platform that you feel is doing the best work with your money.
The trading fee is the lowest compared to most of the major exchanges. The trading fee is 0.05% for makers and takers.
Low fees at Pionex keep your overhead costs as low as possible. You can email or live chat with the Pionex team, or you can use the mobile app to take your trading on the road. The platform is helpful for aggressive, high-volume traders as well as low-risk, low-volume traders. Best of all, it’s free to join!
2. Interactive Brokers API
New traders will find plenty of educational materials about different products, markets and strategies through its 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 programming languages like Java, Python and C++. You can connect your program right into Trader Workstation.
For even more sophistication, the FIX CTCI solutions enable super-fast trading by leveraging Interactive Brokers’ high-speed order routing. Trades are executed at the best possible prices, but you’ll pay extra for this service. Required commission minimums for FIX CTCI are $1,500 per month.
3. Zen Trading Strategies
Zen Trading Strategies offers access to premium Tradingview strategies and indicators. You can try any strategy FREE for 1 week when you sign up on its website.
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.
You can see the results visually on your Tradingview chart. You can also see where trades enter and exit, how they do it, how much profit they make, how much money they lose and all kinds of other performance statistics.
4. Coinrule
Coinrule offers the widest range of preset trading strategies, and the crypto trading bot currently allows users to customize investing with more than 150 trading templates automatically executed when market conditions meet predefined parameters. From accumulation to long-term holding strategies and stop-loss settings, Coinrule constantly introduces new templates to its platform.
Though the number of templates that you’ll have access to will vary depending on the plan you choose, Coinrule offers a free package with 7 complimentary template strategies and up to $3,000 in monthly trading volume. Additional paid packages include features like advanced charting options, unlimited template usage and even one-on-one trading tutorials and lessons.
5. TradeZero
Mobile and desktop trading are easier when you use TradeZero. You can download the app for free or log in using the website. In addition to trading for low or no fees, you can chart and complete technical analysis for any asset you please.
If you want more powerful trading tools, you can step up to a Pro account for $59 per month. You can set automated trades using limits and other parameters that help you hedge against losses. While automated trading is not the primary service at TradeZero, you can automate a few trades as needed.
In addition to powerful trading options, you can reach out to the customer support team 24/7 for assistance with your account.