What Is The Best Automated Trading Platform? (5 Top Picks)
The best-automated trading platform is TruTrade.io
So how do you know the best-automated trading platform or app to use since there are 100s right now?
What factors do you consider?
Latency: The first thing you should look for in an automated trading system is latency.
The delay between when data is imported and moved from one place to another is important for algo trading.
The lower the latency, the better. The trading bot should also have a minimum of milliseconds of delay. An automated trading system should be easy to install and use, which makes it appealing to newcomers.
Transparency: Another thing to look for is transparency. A regulated platform such as TruTrade offers a better level of security. A regulated platform is a better choice than one without regulation.
These programs are able to ensure that they will not lose your money or data. You can backtest their algorithmic trading product before deciding on a program.
The more transparency a platform provides, the better. However, it is important to choose the right one based on your trading and investment goals.
1. TruTrade.io
The TruTrade.io automated trading robot has two different types of grids to choose from. The first kind of grid is the standard one, while the second type is more advanced.
Each type has its own advantages and disadvantages. The most important thing to note when choosing a robot is the range and price range that it should trade.
These variables will influence how efficiently the robot will perform. Once you understand the difference between the two, you can choose the best one for your needs.
TruTrade supports NinjaTrader, Forex.com, MarketWatch, InteractiveBrokers, as well as Ameritrade and InfinityFutures.
The TruTrade.io bot is designed for the beginner and is easy to use. It can be configured to follow your own trading strategy. It will automatically trade in different markets and earn you money 24 hours a day.
The trading robot will analyze market conditions across several cryptocurrencies to predict which one to invest in and exit. Because it is built for beginners, you can customize it to fit your needs.
The only thing you need to remember is to stick to best practices and monitor the robot regularly.
If you are new to the world of cryptocurrency trading, this robot will help you achieve your investment goals.
It will execute trades for you 24 hours a day, allowing you to monitor and refine your strategy.
The bot will also be able to analyze market conditions in a variety of cryptocurrencies, and you don’t have to worry about the risk of losing money. As long as you follow the instructions, the robot will run without human intervention.
2. eToro
eToro is a leading online exchange that offers a range of automated trading options. The platform is regulated and licensed in a number of top-tier jurisdictions.
It’s a member of the European Securities and Markets Authority, is regularly audited, and has more than 15 million registered users in 170 countries. Moreover, the company is planning to be listed on the NASDAQ stock market soon.
eToro offers an easy-to-use interface with a wealth of educational materials. The site also has a social trading area where you can join a group of other traders.
This way, you can share your insights with them and learn from their experiences. For example, you can discuss your own strategies or charts with other members.
You can see which assets are trending or losing. And if you’re looking for an auto-trader, eToro has a feature for that.
eToro has a range of advanced features to help you earn money through automated trading. With as little as $200, you can get started with eToro Copy Trading.
These are pre-made portfolios that have been created by other users. For example, you can invest in cryptocurrencies by selecting a CryptoCoin CopyPortfolio.
Or, you can invest in stocks involved in finding a COVID-19 cure with a copy portfolio.
3. AvaTrade
AvaTrade is an automated trading platform that allows users to set up their own accounts. The process is easy and requires only a small amount of information to get started.
To use the software, you need to sign up for a free demo account. The demo account lets you practice trading without risking any of your own money.
You can use it to perfect your trading strategies and learn more about the brokerage world. Here are some of the benefits of AvaTrade’s automated trading system.
i). WebTrader:
The web trader dashboard includes a hamburger menu and various trading tools. You can use these tools to set stop losses and take profits, and you can also view and analyze market conditions.
AvaTrade also offers a live chat feature that can help you get support for any questions or problems you may have with your account.
AvaTrade also offers demo accounts for free, and you can test their software before investing any of your own money.
ii). Demo Account:
To test AvaTrade’s services, you can sign up for a free demo account. The free demo account features 100,000 demo currency credits and live price feed.
The demo account expires after 21 days. If you want to keep trading, you can create another free account.
The demo account can be upgraded to a real one through the MyAva dashboard, but before you can do that, you must verify your personal information. Alive chat support is available for help with upgrades and withdrawals.
4. Forex.com
Forex.com is a popular FX broker in the US. You can trade 80+ FX pairs, and gold & silver with flexible trade sizes.
There are powerful tools that active forex traders can use. And best of all: you can trade on MT4 with Forex.com.
A great automated trading system will provide you with the best possible results. You can set the amount of time the program will trade for you and then let it do the work for you.
These robots also have a wealth of knowledge and will be able to identify profitable trends before you even make a move.
You won’t have to worry about the market being overpriced or being over-priced. These robots have the knowledge to pick the best opportunities.
When it comes to choosing a robot, it’s crucial to choose a reputable one.
There are hundreds of automated traders out there, so make sure you check out a few before you buy. A good robot will also have a good track record and positive reviews.
5. Learn2Trade
The Learn2Trade automated trading system is a very useful program for traders. This program uses advanced computer algorithms to generate signals and trades for you.
You simply need to set up a brokerage account and wait for the software to send you trading signals.
Once you get the signals, you can enter your order parameters. These are the prices the program suggests for the trades. All you need to do is to choose a market and click the buy/sell button.
Then, enter the suggested stop-loss, take-profit, and limit prices.
The Learn2Trade algorithm scans dozens of currency pairs and identifies potential trades using key metrics, such as historical pricing patterns, market volatility, liquidity, and trading volumes.
You will then be notified about the signals as soon as they arrive. The signals can be very powerful and profitable.
You can subscribe to the Learn2Trade service, and it will send you free trading signals upon registration.
You do need to set up an account with a top brokerage site.
When a learn2trade signal arrives, it will notify you via email or RSS feed. The signals are created by the algorithms that scan dozens of forex pairs.
They also include risk-management tools, such as stop-loss orders and take-profit orders, which can help you realize profits faster than you would otherwise.
Once you’ve signed up for a Learn2Trade subscription, you’ll receive daily alerts with a suggested take-profit order price, and you’ll never have to worry about missing a signal again.
Conclusion
When choosing the best-automated trading platform, you should check the complexity of an automated trading platform.
Although it is tempting to go with the most complex one, not all of them are suitable for novice traders. That’s why we recommend TruTrade.io, which is designed for both beginners and expert traders.
You should also check out the trial versions of the platform you are considering.
Most of these platforms have trial versions or demo accounts so that you can try them out before committing to a subscription.
This is an important part of selecting an automated trading system.
