The software is pre-programmed to follow a set of rules and will make trades accordingly. This is usually on an ‘if/then’ basis, meaning the AI robot only trades when a rule has been triggered. If the ‘then’ rule triggers when this condition is met. In turn, the robot will place a buy order on the coin. AI robots will usually have risk-management rules too. It utilizes an AI day trading strategy based on the Relative Strength Indicator (RSI).

Show Full Guide 4. What is AI trading? 5. How does AI trading work? ArbitrageScanner is a top AI trading software that enables investors to leverage the price differences between exchanges, allowing them to make huge profits from the disparities. 12. Can I use an AI trading platform to predict stock prices? In this section, we review the 15 best AI trading platforms listed above. Thanks to its innovative AI infrastructures, the trading software keeps tabs with more than 60 CEX and DEX, providing users with a timely update on when to buy and sell a cryptocurrency asset. 8. Is AI trading profitable? 10. Is AI trading software safe & legal?

Most AI trading platforms do not offer brokerage services.

Moreover, its past performance should be over an extended period of time. This means that you’ll need to connect the platform to a compatible broker. The longer the AI software has been trading, the more validity it has. If you can’t, there’s no knowing if the data is legitimate. That said, some providers double up as brokers, making the investment process more convenient. Most AI trading platforms do not offer brokerage services. You should also ensure that you can verify the results stated by the AI trading platform. Otherwise, the AI software will not be able to access the financial markets.

This is taken care of by the AI signal provider. This should include the trade suggestion and the entry, stop-loss, and take-profit prices. However, signals provide trading suggestions, meaning you’ll need to place the recommended orders with your broker. Signals can be sent in various ways, including email, SMS, and Telegram. This means choosing an AI signals provider that operates in your time zone. If the signals are related to short-term plays, you’ll need to act on them quickly.

It offers its users advanced trading bots for different market situations, including grid bots for sideways markets, DCA bots for highly volatile markets, and futures bots for very high risk and high return on investment. One other really useful feature of Bitsgap is the backtesting tool that allows traders to test bot strategies on historical data before using real funds. The traders can further customize these bots or use the pre-built strategies. There is also a demo mode to practice paper trading.