Quantum AI is a socially-conscious stock, forex and crypto trading bot, donating a part of all revenue to charities aiding the impoverished, with a highly intuitive dashboard that lets all users quickly maximise profits.
POV: You are new to trading or have been actively trading for a while, but your results have fallen short of your expectations. Taking out your phone to unwind from an unprofitable dry spell, you see these folks on social media bragging absolute crazy returns in only days that would take weeks, if not months in your situation. You might think that they’re geniuses who’ve mastered technical analysis but, chances are, most of them are using professionally-made automated trading software and cutting-edge bots.
The future lies in automation. Even the most seasoned investors are prone to errors, but nothing beats machine learning algorithms developed to maximise your profits. This is especially true when given the fact that all financial markets are fundamentally mathematically-driven on tried and proved tactics and strategies. Tactics and strategies that can be broken down and learned by modern AI powered by Machine Learning algorithms.
Automated trading systems, commonly referred to as algorithmic trading, mechanical trading, or system trading — enable traders to programme set particular rules for trade entry and exit that, once programmed, are performed automatically by a computer. Indeed, according to several platforms, automatic trading algorithms account for 70% to 80% or more of shares traded on US stock exchanges. One of the most appealing aspects of automation is that it can remove the emotion-related hassles from trading by automatically placing transactions when specific conditions are satisfied.
In this guide, we will discuss some of the best automated trading software specific to the Indian market, discuss their authenticity, and review how they can effectively help you in your trading and investment journey.
The following automated trading bots have been consistently reviewed by both Indian and foreign users as the most reliable and trustworthy, yielding over $1500 in daily earnings. You can sign up for any of them from anywhere in the world and start seeing profits within a matter of days. Some are specialised in crypto trading, whilst others primarily designed for stock and commodity markets.
Bitcoin Prime is a quintessential cryptocurrency bot. In brevity, it is an automated trading service that keeps an eye out for profitable trading chances on cryptocurrency exchanges. The site claims a 90% success rate and is entirely free to use – you only pay a modest fee on profitable trades.
Services offered by the website include:
1. Trading facility in 14 different cryptocurrencies
2. Commissions are only charged on profitable trades.
3. Collaborates with third-party brokers to carry out extended CFD trades.
4. Testimonials from existing and past customers
5. Offers a trial account for novice traders.
One of the most popular examples of trading software that uses a combination of high-end algorithms, AI, ML, and natural language processing to perform auto-trading is Immediate Edge. The software’s user-friendly design makes it appropriate for experts and approachable for novices. It has a simple signup process, a $250 minimum deposit requirement, and enables newbies to get started trading right away. We also noticed through our own experience using the Immediate Edge app that following every live trade, the reward is deposited to the trader’s Immediate Edge account. After then, it is up to the user to decide whether to withdraw their money or carry on with more live trading.
1. Lowest required deposit.
2. Fast deposits and withdrawals.
3. Professional traders can use manual trading.
4. Over 90% success rate.
7. Good security protocols in place.
8. Constant 24/7 customer support.
With around an 85% success rate (under normal market conditions) our next AI-enabled automated trading bot is Bitcoin Profit. The platform trades more than a dozen different cryptocurrencies around the clock. Notably, no account opening fees or trading charges are charged by this platform. With a minimum deposit requirement of $250, the platform features ultra-fast trading, day-end withdrawal, and demo account creating options for newbie traders. The only disadvantage is that they do not offer a mobile app, therefore if you want to trade, you’ll have to use their website.
Claimed by many as one of the most user-friendly bitcoin trading platforms, Bitcoin Code is another popular automated trading software that analyses market trends in real-time to search for good openings and conducts trade on behalf of the user. The platform also features a low deposit limit of $250, performs transactions 0.1 seconds faster than the market, and claims a 99.4% success rate (one of the highest among all automated trading platforms). What’s more, with all the features of the previously mentioned software/sites, they also have their own mobile app.
TeslaCoin is a cryptocurrency exchange that performs trades on behalf of its users and provides suggestions for day trading. Users may trade four popular cryptocurrencies on the website: Ethereum, Bitcoin, Cardano, and Ripple. Using an AI-based system, the trading platform discovers potential transactions in Ethereum, Bitcoin, Ripple, and Cardano. The software looks for previous pricing trends that led to marketable price changes. When a trend of this type is spotted, the bot may initiate a new stake in a trader’s account using TeslaCoin. The software then keeps a real-time eye on the activity. When a breakpoint or profit target is reached, the platform stops the transaction and credits all funds, including any gains, to the users’ TeslaCoin accounts. Users can then collect their funds or invest them in more crypto trading on the service, maximising their profit.
Other notable platforms are Bitcoin Era, Bitcoin Revolution, Algo Signals, Quantum AI, and Bitcoin Trader.
All of these trading platforms have been vetted by our experts in terms of their features, performance, and authenticity. Moreover, almost all of them roll out regular updates and bug fixes to facilitate users with the best possible service.
Trading with automated bots is very easy. All you need to do is to;
Head to whichever website you want to sign up to. You will usually find registration boxes where you’ll have to put in your personal details.
Validate your identity (KYC)
Most sites will usually ask for some proofs-of-identity, some sort of official document such as your AADHAR number, PAN number, etc. to verify that you are a real user.
Note: Having a User Authentication Process in place is also proof of the platform/bot’s authenticity. We suggest staying away from sites that do not ask for KYC.
STEP 3: Deposit Funds
Most automated trading platforms require a minimum fund deposit of $250 whenever one creates a new account. You can deposit funds through credit/debit cards, or bank transfers.
STEP 4: Start Trading
That’s it. You now have your account created using which you can start trading. It is advised to first start out in demo mode to understand how the platform/software/bot functions and to learn about the automation features and algorithmic parameters. Once you’re ready, you can switch to Live Trading and start trading using your deposits.
Automated Trading Systems (ATS) are basically programmes that run on the Internet and do sequential tasks more effectively than human beings. In reality, according to some estimates, the majority of internet traffic presently consists of bots that interact with people and websites, search for information, and carry out other activities.
Trading bots and software work on the same fundamental concept. They are software programmes that use artificial intelligence to perform operations depending on predefined criteria. No more squandered transactions or opportunities. Whether you want to invest in stocks or just want to some additional crypto coins in your portfolio, you may use automated trading software to buy, sell, or hold assets quickly, accurately and efficiently.
Richard Donchian was the original founder of the conceptual basis for an automated trading system in 1949 when he employed a set of criteria to purchase and sell funds. The idea of rule-based trading later gained popularity in the 1980s when well-known traders like John Henry started employing similar tactics. The portfolios of clients were automatically managed by this kind of software. However, Jon Stein’s “Betterment” was the first service to be made available on the open market without any regulation.
Since then, the system has evolved in tandem with the exponential progress being made in the IT sector. Today, people worldwide use automated trading systems to manage their assets and generate exponential earnings. In 2014, automated trading system orders accounted for more than 75% of all stock shares traded on American exchanges, such as the NASDAQ and the New York Stock Exchange. Such has now extended into the fields of crypto, NFTs and blockchain.
A specified set of rules that identify when to best place an order, when to close a position, or the amount of money to put into each trading product serve as the foundation for an automated trading system. While some trading techniques are meant to predict market ups and downs, others follow sophisticated tactics like randomising orders to make them less noticeable in the market. An ATS’s ability to generate protective measures automatically enables a trader to execute trades considerably more quickly and manage their portfolio with ease. There are different types of bots specific to different types of trading domains such as stocks, crypto, NFT etc.
Crypto trading bots are robots or automated algorithms that are essentially programmes designed to automate trades in order to get the highest possible returns against your bidding/investments. You can simply access a crypto bot trading platform and initiate trading through the bots according to the software/platform’s pre-determined rules, or you can also configure them to meet your own trading requirements.
They are most especially useful in times of high market volatility or during long bear markets as the machine learning technology, which they employ, constantly improves its market predictive abilities with every single trade. The accuracy of their predictions far exceed the capabilities of even the most seasoned expert investor, which is why they constantly generate greater profits during a bull run, whilst during a bear market, they are arguably the only tools which one could set up in hopes of seeing any returns. This happens because of the speed rate at which trades are carried out, with some robots carrying out up to one trade per 0.01 seconds, thus increasingly amassing small profits which – after carrying out one trade at such speeds over a period of days – would yield considerable returns to its users.
Bitcoin bots are simply crypto trading bots that have been specifically designed to yield high returns through Bitcoin trading. These bots analyse the market to initiate orders according to the market conditions to generate high profits against your investments. They are always a better choice compared to manual trading as they compute the most suitable entry and exit times, thereby considerably lessening your chances of loss.
Stock trading bots enable stock traders to purchase, sell, and trade stocks and other assets automatically through the use of a bot that executes transactions based on a definite trading strategy, with the objective of generating profits. AI trading, back testing functionalities, algorithmic market entry/exit, and position sizing are some of the prime features of stock trading bots. To learn more about crypto trading bots, click here.
It doesn’t take a background in psychology to notice that humans are not always rational when making investment decisions, to put it very diplomatically. In contrast to your easily excited and equally anxious human investor, computer-programmed software is impartial and driven by logic and data-informed algorithms. Technological improvement has provided traders with the opportunity of executing quick and accurate trades with necessary conditions given the market’s fluctuating environment. Trading under pre-defined regulations reduces human intervention, hence eliminating human bias. A trader has a trading cycle in which he goes through several phases of emotions based on market profits and losses, which impairs his decision-making ability. In 2009, SEBI approved exchange members to provide corporate clients with the Direct Market Access (DMA) capability, which permitted automated trading in the Indian market. Also in 2009, FIIs began employing DMA via asset managers, and numerous fintech businesses launched trading platforms in India. Automated trading now accounts for more than one-third of overall world exchange turnover.
What must be kept in mind is that the Indian market is still fresh for generating earnings. Those who know about the right bots and software can turn their portfolios into massive profits overnight and can substantiate a long-term strategy of passive income. Before the technology becomes mainstream and nears its saturation we strongly advise you to get in and start earning.
Eliminates emotions from the process of investing.
Applies backtesting, i.e. definitive regulations in regard to historical and present market parameters helping the trader fine-tune their earning expectations.
Enables absolute discipline which otherwise often gets squandered due to emotional factors like fear of loss, desire for unrealistic returns, etc.
Fast and accurate order entries due to precisely set trading criteria.
Automated portfolio diversification to minimize the risk of loss.
Failures due to mechanical issues as everything is conducted by software.
Requires live monitoring to avoid/act upon the potential of system quirks, internet issues, power loss or software-related anomalies.
Over-optimization or hyper-planning might fail in the live market.
Chances of getting scammed.
Although some might have their say against it, automatic trading and usage of bots is completely lawful. Trading bots are technically advanced and are vetted in the stock and currency markets. However, not all brokers, including cryptocurrency trading companies, permit the use of bots.
Since the market is still unregulated, it is of crucial importance to do extensive research before choosing a bot to deposit with. It is therefore always suggested to conduct a thorough background check and learn in-depth about the platform/software and the respective domain in which you are thinking of investing. We – at CoinBharat – understand the value of your hard-earned money. We, therefore, conduct expert vetting of each of the software, platform or bot before we recommend any of them to you.
Sadly, since the market is still heavily unregulated – most especially for crypto trading bots – there are all too many scams or fake copycats purporting to be the legitimate brands which they are impersonating. These are scam websites that are identical to their legitimate counterparts but – in reality – just target customers who are merely looking for the real brands. You could usually tell these apart by minor giveaways, such as the URL structure or poorly written text in the meta titles and meta descriptions or even by the content they have scraped from legitimate sites. However, this can be all too overwhelming for the average user and by merely Googling the brand name, there is no guarantee that you will not land on one of these fake sites.
These resort to black hat and dangerous techniques to divert users away from the real brands when customers are searching for them, such as scraping content from the legitimate sites or even cloaking text for advantageous ranking purposes. As a result, these fake sites might find a window of opportunity when they manipulate search algorithms to the extent of being displayed above the legitimate sites. Even if this only happens for a short while, it is enough to get a lot of new sign-ups from innocent people who are merely looking for the real sites on search engines.
This is why it is of crucial importance to always read the reviews and to access these automated trading bot from our site. By clicking on the links featured on our dedicated pages or reviews, you have the guarantee that you will be accessing the legitimate and official versions of these bots. Review sites which carefully verify all robot traders on the market are a necessity when there is yet to be any regulation in place.
As stated before, we have an extensive vetting system in place. We create accounts for every bot we suggest, trade with them, withdraw money from them, and evaluate them for compliance with T&Cs, user safety, privacy, and other factors. This is how we evaluate every bot before recommending it.
We usually carry out deposits over a longer period of time – spanning at least six months – from multiple business and personal accounts in order to test them on all above-mentioned features on a regular and recurring basis. We also open tickets to their Customer Support teams to assign a score on their response time, in addition to a separate score on how thoroughly they address our issue in a polite, courteous and reliable manner.
Another big part of the score is determined by how user-friendly and intuitive their dashboards are, allowing new customers to quickly set up new trading preferences. It is also important that once the automated trading process begins users receive regular notifications about their budget, returns and future projections, so that they are always kept in the loop. Furthermore, a very big rating factor for us lies in how easily users can cancel or modify their automated trading preferences and how quickly the robot will comply with these new requirements. If the bot features automatic risk-aversion parameters, you will not have to manually intervene at all. All automated trading bots which have been assigned a rating of 4 and a half stars or higher are indeed embedded with such risk-mitigation triggers.
Be advised that the market remains entirely unregulated and – considering that even established brokers – the likes of FTX – could prove untrustworthy, it is vital for your own safety to always read the reviews before choosing a bot to open an account with.
Our scoring system for all robots that we review and recommend is entirely dependant on several considerations. We test all robots that we review over a period of at least six months on:
All of these factors are indispensable in determining if the automated trading software is reliable or not. This is why we spare no expense when vetting these brands to ensure that our readers will have unhindered access exclusively to the legitimate robots.
By 2030, the global market for algorithmic trading is projected to be worth USD 42.99 billion, growing at a CAGR of 12.2% between 2022 and 2030. One possible explanation for this expansion is the rising need for efficient, dependable, and swift order execution as well as decreased transaction costs. To take into account time, price, and volume, many businesses turn to algorithmic trading solutions.
The world of investing may be overwhelming, especially for those who are just getting started. You want to increase the risk-adjusted value of your portfolio, but you are not sure where to begin. It is a widespread and very understandable concern, but one that may be alleviated by following some common investing guidelines. Here are our top 5 pieces of advice for anyone who’s wanting to start their investment journey:
There you have it! Our take on automated trading software and how to use them. In case you’ve missed any important points, here are the key takeaways from the blog.
Automated Trading is still relatively young within the Indian market. Operated responsibly, they can generate impressive returns. Most of them are easy to use and come with little to no learning curve so if you are new to automated trading then don’t worry; you can use them. If you haven’t started using them, we definitely recommend you pick any of the software that we mentioned above and get started with your trading journey.
Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.
Automated trading is performed by computers based on specific market entry/exit rules and criteria. Based on the programmed criteria, the computer automatically makes trades on behalf of the users.
All the software that we mentioned in our blog are the best ones among the lot.
It’s easy. You simply need to select an automated trading software. Then register, verify your identity (KYC), deposit funds, and start trading.
Safety depends on the amount of background checks you do on a bot before you start trading with it. Nevertheless, the software and bots that we recommend at CoinBharat have all been vetted by our experts.
As per the 2009 SEBI passed law in India, Yes, automated trading is legal.
Conduct a thorough background check, go through multiple review sites, and look if the software or site asks for KYC verification before signing in.
As of now, there are mainly three types of bots available for automated trading. There are stock trading bots, crypto trading bots, and NFT trading bots.
You can simply search for your choice of automated trading software on Google itself.