About this Tool

What is StockHero?

StockHero is an automated trading platform which allows users to create and operate trading bots on multiple assets—such as stocks, ETFs, futures, and supported cryptocurrencies. The user can also write a trading strategy and StockHero automatically monitors the market and executes trades on the user’s brokerage account, instead of having to watch the charts and manually trade.

It’s created for both new and experienced investors. Users can create their own strategies or browse through the StockHero’s Strategy Marketplace. The lack of programming means that it’s easier to trade with this method without coding a trader’s own algorithm.

The key features of StockHero are as follows:

• Create and implement trading bots that make trades automatically on their own.
• Ask financial and trading-related questions directly within the platform with the help of the AI Chatbot.
• Use ready-made trading strategies instead of building them from scratch.
• Back testing: Simulating a trading plan using historical market information.
• Paper Trading: pretend to play the game without losing any money.
• TradingView Integration: This is an option for premium subscribers, who will be able to integrate the TradingView signals into their automated trades.
• A number of strategies: Long and short strategies, Dollar Cost Averaging (DCA), grid strategies, Trailing Take Profit and more.
• Broker Connections: Connect/Link StockHero with the supported brokers, enabling bots to make trades in the user’s broker account.
• Control bots and trade monitoring from web, iOS & Android Apps.

How StockHero Works

First of all, StockHero is fairly simple to set up:

1. Register to StockHero.
2. Pick an already created bot or develop your own.
3. Set up entry, exit and risk parameters.
4. Try the strategy on historical data.
5. Paper trade it.
6. If trading live – connect a supported brokerage account and activate the bot.

StockHero’s cloud based system will keep an eye on the market 24/7, which should save the users from getting out of their app daily to follow the market.

Use Cases of StockHero

Automated Stock Trading

Trade according to predetermined rules without the need to watch the market throughout the day.

Strategy Backtesting

Try out trading concepts prior to trading in real markets.

Paper Trading

Incorporate virtual banknotes to evaluate automation approaches and observe their performance under various market scenarios.

Portfolio Automation

Concurrently manage various strategies or securities with multiple bots.

Algorithmic Trading Without Coding

Use the StockHero interface to create automated trading systems, rather than writing trading scripts from scratch.

Pricing

There are currently 3 plans for subscription on StockHero:

• Lite: $49.99/month or $499.99/year
• Premium: $99.99/month or $999.99/year
• Professional: $159.99/month or $1,599.99/year

The only real distinction between the plans is the number of bots included, and what features are available, broker connections, back testing and trading frequency. Free 14-Day Trial.

TradingView support, Strategy Marketplace, AI Chatbot, Market Intelligence and support for more brokers are only available with Premium and Professional plans. Active bots with the Professional plan can be up to 50 with trading intervals of 1 minute.

StockHero offers a number of benefits.

StockHero’s greatest selling point is that it will save a lot of technical work normally associated with automated trading. There is no need for any user to get into programming or creating a new trading system as the trading strategies can be programmed visually.

In addition, the site offers traders a number of opportunities to test a trading strategy before investing real funds. Users can test a strategy in the back-testing environment as a means of assessing its past performance, and they can test an automated strategy using the paper-trading environment without putting real money at risk.

Another smart option would be to be able to select a pre-made strategy from the Strategy Marketplace, instead of creating a configuration yourself.

How is StockHero unique?

StockHero emphasizes that they are specializing on making automated trading accessible even without having to code your own. It bundles everything you need to develop a bot, back test, paper trade, connect with brokers and manage strategies, in a single platform.

It is capable of handling a wide variety of markets, such as U.S. stocks and ETFs, futures, and certain cryptocurrencies, broker support is available based on plan and asset type.

Who Should Use StockHero?

StockHero is ideal for:

• New traders looking into the automatic trading platforms.
• Any trader who is trading in stocks or stock indices on a daily basis.
• Algorithmic trading enthusiasts
• Experienced traders running their strategies.
• Traders who want to use automated trading systems that are capable of having rules which will be set.
• Users who don’t wish to develop trading software themselves.

Final Verdict

For traders who prefer to engage in trading without coding, StockHero is a sensible alternative. A good test and run automated trading systems are useful for their customizable bots, back testing and paper trading, broker integration and strategy marketplace.

With automated trading, however, it is impossible to eliminate market risk. Even with changing market conditions, a bot will stick to its strategy as it’s programmed, but the strategies need to be tested, and risk management should be taken into account before risking real money.