Jessie Moore has been writing professionally for nearly two decades; for the past seven years, she's focused on writing, ghostwriting, and editing in the finance space. She is a Today Show and Publisher's Weekly-featured author who has written or ghostwritten 10+ books on a wide variety of topics, ranging from day trading to unicorns to plant care.
Are you constantly second-guessing when to make a trade?
Perhaps it’s time to consider enlisting the help of an emotionless software servant.
Yes, there are AI-powered programs (aka AI bots) specifically designed for stock trading — and using them isn’t cheating!
But what is the best AI bot for stock trading?
Here are our top 5 picks…
Prefer AI stock picks with a human touch?
If the idea of trusting your hard-earned cash with bots makes you uneasy, consider subscribing to Zen Investor — our stock-picking newsletter that leverages AI to choose stocks, but is also managed by a 40+ year market veteran.
✅ Portfolio of up to 30 of the best stocks for the long haul, hand-selected using proprietary AI tools and traditional fundamental checks by Steve Reitmeister, former editor-in-chief of Zacks.com
✅ Monthly Commentary & Portfolio Updates
✅ Sell Alerts if the thesis changes
✅ Members Only Webinars
✅ 24/7 access to all the elements noted above
✅ Access to an archive of past trades and commentary.
1. Tickeron
Overall rating: ⭐⭐⭐⭐
Cost: $20 – $125 per month (depending on tools)
Just because Tickeron is headquartered in Reno doesn’t mean it’s a tool for casino players.
While the folks working at Tickeron probably enjoy all of their hometown’s hot attractions, they’ve also got PhDs and are super into AI and algorithms.
With Tickeron, you can access a suite of AI-powered trading bots that analyze market data according to your trading style (e.g., day trading, swing trading, and trend trading).
One unique feature of Tickeron is its “momentum reaction feature,” which lets you set a bot’s responsiveness depending on five different sensitivities (Slow, Medium, Medium Fast, and Fast).
These added touches give you even more control over how to set up your trades.
Speaking of customization, Tickeron lets you select from a variety of options when setting up your plan.
If you’re just into long-term investing, you could drop $20 monthly for an AI screener, while more advanced traders will pay extra.
2. Trade Ideas
Overall rating: ⭐⭐⭐⭐
Cost: Free, $89, or $178 per month
With a history dating back to 2003, Trade Ideas was around long before AI became all the rage.
Within that time, this site has developed many tools to help traders bring more precision to their decisions with the help of algorithms.
Notably, Trade Ideas introduced the world to Holly, an AI assistant that gives members buy and sell signals for different tickers.
You can also use Trade Ideas to backtest strategies with OddsMaker and Simulated Trading, plus analyze promising stocks with the Money Machine Race and TradeWave.
Although most of these features are available in paid tiers, you could give Trade Ideas a spin for free to see how well it works for you.
Related reading: Check out our Trade Ideas review
With its long history and wealth of options, Trade Ideas may be the right “idea” for those who want to consult a lot of AI tools.
3. TrendSpider
Overall rating: ⭐⭐⭐⭐
Cost: $54 to $82 monthly, $54.60 to $137 monthly, or $122 to $183 monthly
The team of techie traders Dan Ushman and Ruslan Lagutin brought TrendSpider to life in 2016 as a software suite for those involved in the stock market.
To this day, TrendSpider remains one of the most comprehensive AI toolkits for analyzing the markets and implementing strategies.
The best part? You don’t need any coding experience to use TrendSpider.
In fact, TrendSpider lets you write your commands in plain English and make the algorithms do the hard work.
Related reading: Which is Best? TradingView vs StockCharts vs TrendSpider
Beyond using TrendSpider to create AI bots, you can use many other features, such as automated price alerts and backtesting, to further refine your strategies.
Whether you’re into arbitrage or long-term investing, it’s likely TrendSpider has a set of software tools to fit your strategy.
Think TrendSpider is the best AI stock trading bot for beginners?
4. Danelfin
Overall rating: ⭐⭐⭐
Cost: Free, $19, or $52 per month
Spain is one of those sunny destinations some traders want to retire in after they’ve made their fortunes.
So, wouldn’t it be ironic if you used a Barcelona-based AI trading bot like Danelfin to get to this European getaway?
Founded in 2016, Danelfin focuses more on using AI within its award-winning stock picking service.
With all of the data in Danelfin’s algorithms, it has a track record of returning investors 263% between 2017 and 2024 (compared with 189% for the S&P 500).
Danelfin says its powerful AI-powered score comes from analyzing 600 technical, 150 fundamental, and 150 sentiment indicators daily.
While you could simply use Danelfin’s stock suggestions in your investing strategy, it’s easy to export these ideas to an algorithmic program depending on Danelfin’s ratings.
As a plus, you could test Danelfin for free!
Before joining a paid Danelfin membership, consider using the free account to see how well their stock picks perform.
5. Best AI Crypto Trading Bot: Cryptohopper
Overall rating: ⭐⭐⭐⭐⭐
Cost: Free, $24.16 monthly, $57.50 monthly, or $107.50 monthly
One market where bot trading has taken on new levels of popularity is cryptocurrency.
Why?
Honestly, have you seen how crazily coins like Bitcoin (BTC) behave?
Not only is this market more prone to extreme price swings, it operates 24/7.
That’s bad news for those of us who still enjoy sleeping.
When you’re trading crypto, there’s always the threat you could be getting rekt while you’re dreaming of Lambos.
However, with an AI bot monitoring your crypto, you can rest a bit easier knowing algorithms are keeping watch on your positions.
One of the hottest AI trading bots in this category is appropriately called Cryptohopper.
Founded by the Dutch bros Ruud and Pim Feltkamp, this Amsterdam-based AI trading service has a user-friendly design and easy integrations with all the big crypto exchanges.
For beginners, you can use Cryptohopper to learn simple strategies like dollar-cost averaging (DCA), social trading, and copy trading to get your feet wet in this market.
There are also plenty of advanced features for crypto traders who aren’t as averse to risk, including arbitrage, paper trading, and backtesting.
As a bonus, Cryptohopper offers a free account so you can start experimenting with its Copy Bots and Portfolio Management offerings.
See how Cryptohopper can take some stress out of swapping satoshis…
If you trade crypto, you need this…
On the topic of tokenization, please know that the IRS takes trading digital assets seriously.
Unfortunately, tracking and reporting crypto transfers isn’t as simple as getting a report from a stock brokerage.
Consider downloading a crypto-specific tax software like Koinly to get rid of this fear before you start getting too deep into web3.
Koinly can link to all your crypto exchange and wallet accounts and instantly put together compliant tax reports.
Prefer AI With a Human Touch?
There’s no question that AI can do amazing things, but we have to be careful about over-relying on this technology.
Sure, AI is great at analyzing patterns and predicting scenarios, but remember that erratic human emotions drive markets.
That’s why it’s often helpful to use AI in combination with the good old “gut instinct” before implementing any strategy.
That’s why Zen Investor combines the latest advancements in AI with expert guidance from Wall Street veteran (and former Editor-in-Chief at Zacks.com) Steve Reitmeister.
As the first part of our process, we send stocks through a proprietary Neural Network model with over 20 years of fundamental and technical market data.
Only the stocks that pass this exhaustive screening end up in front of Steve Reitmeister for consideration.
So, when you receive Zen Investor stock picks in your inbox, you can rest assured they’ve been hand-selected by a Wall Street expert after thorough AI screenings.
Looking for AI automation for your stock portfolio?
Range can automatically monitor all of your assets to give you critical insights into your strategy and tax obligations.
With a Range account, you’ll get deep insights into all aspects of your net worth plus data-backed insights into your best options for investing, retirement saving, and budgeting, to name a few.
Try out Range today and see how AI can help you better manage your cash flows.
Do AI Trading Bots Work?
AI stock trading bots can be very successful at picking the right times to enter and exit promising positions.
However, the performance of an AI trading bot largely depends on the quality and parameters of its coding.
While some bots have shown impressive results, others may falter in volatile or unpredictable environments.
For this reason, people who use AI trading bots for stocks can’t take a hands-off approach — they have to constantly monitor their bot’s performance and tweak it with backtesting or paper trading.
Alternatively, investors might consider an AI-powered stock picking service that incorporates human expertise into its analysis.
For instance, Zen Investor uses AI checks across hundreds of fundamental and technical data points, as well as the expertise of Wall Street legend Steve Reitmeister.
What is an AI Trading Bot?
An AI stock trading bot is a software program that uses artificial intelligence to automate buying and selling equities.
These bots use features like machine learning, natural language processing, and other AI techniques to inform their trading decisions and choose the “perfect” time to get into a particular asset.
Since these AI bots are software programs, they can operate 24/7 and don’t have to deal with emotions like fear or greed clouding their choices.
Should You Use an AI Trading Bot?
Typically, AI trading bots are most popular with active traders.
While that doesn’t mean investors can’t use AI trading bots, these AI systems focus on risk management and maximizing returns by using data to drive decisions.
People more focused on capturing momentum in the market tend to favor using AI trading bots as part of their strategy.
However, some may find that overreliance on AI trading bots becomes a crutch and clouds a trader’s intuition on different equities.
Sometimes, traders or investors just need a good AI screener to help them with their research rather than setting up an algorithm to take trades on their behalf.
For instance, the Zen Ratings system uses an advanced Neural Network to comb through stock data and present a clear graded rating in multiple categories.
With Zen Ratings, you could easily toggle between different parameters in a stock to see how it fares against the competition and whether it’s a good bargain at the current rate.
Final Word:
AI stock trading bots can be powerful, but no algorithm can guarantee success.
Even the best AI trading bot can have off days, and there’s a risk of glitches or errors in a program’s coding.
People serious about using AI trading bots should always run their systems through plenty of backtesting and paper trading before bringing it into primetime.
Also, please remember AI trading bots aren’t a “set it and forget it” strategy.
While it’s tempting to let the bots handle your trading while you take a siesta, you need to monitor their performance and intervene if there are any issues.
Those who still want to use AI in their stock picking but aren’t keen on AI trading bots should consider Zen Investor as a more human alternative.
With Zen Investor, you’ll still see stock ideas that our AI system recognizes as having potential, but they also have the seal of approval from Wall Street’s Steve Reitmeister.
Learn more about Zen Investor here.
FAQs:
Which AI bot is best for trading?
Finding the "best" AI trading bot depends on multiple factors, especially your risk tolerance, goals, and preferred asset markets.
While there's no greatest option in this category, a few popular options include Trade Ideas, Tickeron, and TrendSpider.
Do AI bots work for stock trading?
Plenty of AI bots work for stock trading by analyzing trends, patterns, and news to make informed trading decisions.
Which AI tool is best for stock trading?
AI tools like those on Trade Ideas or Zen Ratings use large datasets to identify patterns and historical precedence in the market, which can help formulate stock trading strategies.
What is the most successful trading bot?
Success varies over time and across markets, but bots like Trade Ideas' Holly AI, TrendSpider, and Cryptohopper have gained recognition for strong performance in specific environments.
Where to Invest $1,000 Right Now?
Did you know that stocks rated as "Buy" by the Top Analysts in WallStreetZen's database beat the S&P500 by 98.4% last year?
Our April report reveals the 3 "Strong Buy" stocks that market-beating analysts predict will outperform over the next year.
