We all like to make extra money, which can be and incredible boon to you and your household. Trading stocks, options, and fures via Automated Trading Systems (ATS) can be a great way to augment your income, and while trading isn't always easy it can often offer you a nice cash flow.
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A simple explanation of what stock, options or futures automated trading involves would be that it is a computer program that is able to create orders. It then submits these automatically to a market or exchange center.
You can set your specifications and rules, and allow the program to monitor the market in order to find opportunities to buy and sell according to these specifications. This allows trading that is often fast-paced but profitable and even enjoyable to take part in. These systems can even be used for automated stock trading as they are often flexible in terms of their uses.
What To Look For
When you go to purchase or sign up for the software, there are a few things you should look out for and try to ensure are present before you commit to anything. The best ATS will not usually require you to download it in order for you to use it, often you will be able to get full use of it from your browser.
You can even set up binary robots (one of which I will review here) that are compatible with a number of brokers for quick execution. Plus, they are perfect for both experts and beginners. You should also have complete control over what you do on the software and the trades you decide to make. Always check the reviews and thoroughly research the company before you go on to trade with them.
On a final note with regards to what you should be looking for from ATS, often the best ones are free to set up, have efficient trade copier, and also have high win rates – so you know they are likely to generate a profit for you. Here are a few reviews for some of the more reliable automated trading software companies on the market, as well as one of the binary robots that is currently popular.
Just remember to always carefully research a company before committing to them, as the market has left itself open to some scammers.
Best Automated Software Review Table
So if you are looking for the best automated trading software, these reviews will set you on the path to learning everything you need to know to find the best.
Price variable (free for university students)
This option is user friendly and easy to use although the price is pretty variable it still has all the necessary features needed with less risk of losing any money.
Etna Automatic Trading Software
Free trial - with a £25 bonus - then prices are variable monthly
It's quick and user friendly when finding your way around. It has also won an award which gives you the confidence in your service.
eSignal Automated Trading Software
£295 per month
This award winning service has a great online trading platform that includes a lot of handy tools. although it is not fully automated there is detailed drawing tools and analysis tools to give you the best results.
Option Robot Automated Software
This software has a lot of potential both as an ATS and a binary robot. While risking it by signing up is not for everyone, the process is at least free so there is minimal risk.
This is one of the most well-known trading software platforms out there. It has a great interface and offers a lot of features you would need as well as support for traders worldwide. It is well aware that every trader has different needs, and offers users the opportunity to paper-test ideas before venturing into the open market.
This way, there is less risk with regards to your money. It lets you build up some confidence and better predict which trades will make money.
It’s a great automated stock system, and works great as a futures automated system, and works with Forex too.
It provides an excellent range of active sources and real-time market indices. On top of this, it is incredibly user friendly and easy to use – making the process and general navigation much easier for you. It has a 90 day trial for you to test it out and see if you enjoy using the ATS.
One of the great features of TradeSpoon is that it can be used anywhere in the world as long as you have an internet connection. Plus, because they are there to help you as a trader with data accuracy, you are still able to make profits even if the internet slows or lags. In addition to this, you have the opportunity to test strategies across all market types before you go into them seriously.
Prices for this software are very competitive, which help you manage your costs as well. Overall, it’s a great piece of software and has mostly positive reviews from those who use it as well as from critics.
Etna Automatic Trading Software
For over ten years, Etna has been operating on an international scale. They are pioneers in the creation of custom trading software for a range of assets, particularly Forex and binary options. The main indication of Etna’s reliability and success are the fact that they have won a number of awards for their excellent software and services, including Best Broker for Automated in Barron’s Magazine.
Their trading platform facilitates high-performance strategies and also allows for you to make use of their platform for algorithmic trading. It has an incredibly user-friendly interface, so you aren’t left feeling confused while you find your way around.
The ATS also features superb connectivity to several execution venues, integration with a variety of market data feeds, and status alerts via email and SMS.
Etna is also known for excellence in custom software for options trading. This means that after you log in, you are able to view charts in real time for Forex or binary options. Plus, there is a wide range of additional features available to the trader. Some of these include things like a customizable watchlist, notifications, alerts, a history and intraday charting, in addition to real-time market data and streaming.
A stock trading system has also been added to their database, allowing you to trade stocks and mutual funds. The website incorporates real-time streaming of quotes and news, as well as a multi-language user interface for international use.
The only possible downsides to this fantastic software are that it has to be installed and downloaded to use, and the system itself is not too user-friendly due to its fixation on corporate customers. However, due to its reliability and reputation, it is unlikely that downloading this ATS would pose any risks.
eSignal Automated Trading Software
Like Etna, this is an award-winning ATS and is held in high regard. It is filled with custom technology in order to cater to its customers, and the online trading platform offers several handy tools. These include charting tools, streaming stock quotes, and access to brokers.
Over the years, and even recently, they have massively improved their functionality. The software can be used to create custom spread and pairs using their sophisticated automated trading better and detailed calculation tools. Plus, the software includes hundreds of technical analysis indicators that can be used worldwide. In addition to that, there are detailed drawing tools for the creation of simple or complex strategies that can be saved and revisited.
It's a good software and incredibly reliable, but it does have a few disadvantages that the others do not. For one, it does cost quite a bit of money to use - $295 per month to be precise. If you are just starting out and new in the field, then this is not the system for you. Plus, it is not fully automated and does require tools to use, making it more complex. It’s definitely software for those who are far more experienced.
Option Robot Automated Trading Software
This interesting software is not just an ATS but also a binary robot. Designed by experienced traders, you can get the most out of automated options trading with minimal effort or experience. The software is web based as well, so there is no need for you to download it in order to get started. Despite only being released this year; it is vastly growing in popularity all over the world.
It has a wide range of features, including automated stock trading, and has a lot to offer in terms of brokers. It has created a partnership with a large number of leading brokers to build a strong and trustworthy relationship with you. Before you start you will be required to pick a broker, but it’s easy enough to research on them beforehand.
They have three trading systems for traders with different levels of experience. Plus, their customer care is absolutely superb. The software itself is free, and there are no false promises
Instead, it focuses on how you can best utilize the software. It also offers a lot of information on how it works and how you can customize it, so it’s easier for you to get your head around it.
However, there are a few downsides to this innovative new software. The first is, of course, that the software does not currently have a track record. It’s more of a risk than the other ATS listed here as it was only released this year and so does not yet have a firm base in the world.
Currently, it also only has one type of asset, which are currency pairs. However, it has been reported that they are working on including things like commodities, indices, and stocks. This is great for those who like to trade in multiple currency types.
Only new accounts are allowed as well. So once you have signed up and picked your broker, you must create an entirely new account. However, it is great for new or experimental traders. Perhaps the only really concerning downside is the fact that there is no information about the developers anywhere on the website, not even their names. This really can raise suspicion among some people.
This software has a lot of potential both as an ATS and a binary robot. While signing up is not for everyone, the process is at least free so there is minimal risk. However, it is certainly one to watch as time goes by and it builds a stronger reputation for itself. Once it has a larger number of reviews, and perhaps when it is available outside of Europe as well, it might be worth taking a look at if you don’t want to risk it right now.
Automated trading software can be a great investment as well as a great deal of fun. They can help you earn a little extra income each month (and for some a whole lot more than that). There are definitely risks when you start to trade, as there is with all investments of this nature, but there are certain risks you can try to avoid.
Always remember to research a company very thoroughly first and never be afraid to call them to ask questions. With a large number of scams online (especially Brit Method and Aussie Method) you should always be cautious signing up to ATS websites – especially if they sound too good to be true.
The automated trading software mentioned here is generally reliable and trustworthy, and certainly worth looking into if you are wishing to start trading.
Many of these companies have been around for a while, and have established a client base and accumulated some fantastic reviews online. Hopefully, you will find the perfect ATS for you here, and always remember that there is nothing wrong with calling them up and having a chat before you sign up.