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Traderbots.com Launches Out Of Limited Beta, Using Artificial Intelligence To Make Smarter Trades
Trader Bots (www.traderbots.com) is an stock analysis service that uses technical analysis combined with artificial intelligence to analyze the stock market. They produce easy to use results to enhance an investor’s current trading strategies.
Investors no longer believe in the “buy and hold” wisdom after seeing it perform so pitifully for them over the last decade. They have seen a “lost decade” where their investments may be break-even at best, and negative at worst. And don’t forget to factor in inflation.
They want to start actively managing their investments in order to take control of their financial future. However, they just don’t have the time to spend searching and analyzing investment ideas. They also understand that technical analysis can be a powerful tool; however, they don’t want to devote the time learning how to leverage the modern algorithms and software tools.
Currently, technical analysis means that an investor would spend hours reading and analyzing charts. Or they would spend time using stock screeners building and searching for patterns. Or they would spend money on expensive trading system software and then hours building and training trading systems. In today’s busy society, who has the time?
Trader Bots wants to change that pattern and save people time. The team at Trader Bots concentrates on building and training trading systems using their computer systems. Then they publish simple bullish/bearish results to their website and email. They do all the hard work for you.
Trader Bots starts off with a growing toolkit of quantitative ways to analyze the market. This toolkit is plugged into various neural networks that run through several simulations. The various neural networks are then graded using a proprietary metric that factors in performance, risk, trading style, etc. Finally, the worst systems are eliminated, and the best are allowed to reproduce through a neuro-evolution algorithm.
Users can create a watchlist of their favorite stocks and get email alerts when the technical sentiment of their stocks change. Users can also pick a trading system and see historical trades and performance of the trading system. If they like what they see, they can use the system’s current positions and open orders in order to replicate the system’s trades.
Now, that Trader Bots has opened the doors to the public, everyone can use technical analysis to enhance their trading decisions.
TraderBots.com (http://www.traderbots.com) was founded when the founders started publishing the results of their trading systems onto the internet for easy access. After casually sending links to close friends and family, the site picked up steam. The team realized that people found the simple service very informative and useful. The company was founded soon after.
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Page Updated Last on: Feb 21, 2010