AI platform now delivers self-learning robots for setting trailing stops on stocks

American software firm Tickeron published several trailing stop robots whose main feature is the use of a trailing stop exit from a position.

Tickeron, an artificial and human intelligence platform which provides trading insights and analysis, launched its new AI Robots tool for setting trailing stops for stocks.

“AI Robots” are automated trading rooms where AI makes trades based on several neural networks. A user can adjust their selection of tickers from the given list to edit the expected number of trades per day and/or other statistics. A user can see live how AI Robots selects equities and enters and exits in paper trades.

Tickeron published several trailing stop robots called Day Trader with Trailing Stops and Trailing Trader Mix. The main feature of Trailing Traders is the use of a trailing stop exit from a position. The goal of these AI Robots is to increase the average profit and decrease average loss. These Robots use another Tickeron engine, Real-Time Patterns (RTP), to open positions and filters them using proprietary indicators.

A trailing stop is useful for traders who want to limit losses on long positions by setting the maximum percent they are willing to lose before exiting a trade. For short positions, traders set an upper limit for the price of the stock, also in percentages. If the stock moves favourably, the trailing stop adjusts accordingly.

“Tickeron continues to increase the variety of AI engines for its AI Robot lineup: Day Traders, Swing Traders, Crypto Traders, and FOREX Traders. The trick to picking a trailing stop is to make sure the maximum percentage gain or loss is not too small, as to not exit a trade during everyday market fluctuations, and not too large, as to not take on more risk than anticipated or to unnecessarily forgo profit,” said Sergey Savastiouk, CEO and Founder of Tickeron.

Read this next

Digital Assets

Bitcoin hits fresh record high amid massive short squeeze

Bitcoin has surged to record highs against both the euro and the pound, hitting €60,447 and £51,736 respectively on Coinbase. The primary cryptocurrency has seen an almost 7% increase in the past 24 hours.

Digital Assets

US court rules crypto trades as securities in Coinbase case

A US court ruled that trading crypto assets on platforms like Coinbase constitutes securities transactions.

Market News

Weekly Data: Oil and Gold: Brief Review before the NFP

This preview of weekly data looks at USOIL and XAUUSD where economic data coming up later this week are the main market drivers for the near short-term outlook.

Institutional FX

FXSpotStream reports lower volumes for February 2024

FXSpotStream’s trading venue, the aggregator service of LiquidityMatch LLC, reported its operational metrics for February 2024, which moved lower on a monthly basis.

Fundamental Analysis

Global FX Market Summary: EUR, USD, Gold March 4th,2024

US Dollar Weakness: The US Dollar (USD) is currently struggling to gain strength due to a combination of factors.

Technical Analysis

Bitcoin Technical Analysis Report 4 March, 2024

Bitcoin cryptocurrency can be expected to rise further toward the next resistance level 69000.00 (former multiyear high from January)

Opinion

Finding Opportunity in Challenge: Why New Regulations Offer a Chance For Business to Get on Top of Data Management

The combination of CESOP, PSD3 and the PSR, has put businesses under new pressures. In this engaging article, André Casterman, Senior Advisor at Intix provides invaluable guidance on how companies can stay ahead of the curve.

Institutional FX

Finalto launches Prime of Prime offering on LSEG’s FX Matching venue

“By combining our expertise in Prime of Prime services with LSEG’s robust trading platform, we aim to empower clients with the tools and resources needed to navigate the FX market with confidence.”

Digital Assets

Tether’s USDT stablecoin nears 100 billion in circulating supply

USDT, the world’s largest stablecoin, has reached close to 100 billion in circulating supply, currently sitting at around 99.5 billion. Its market capitalization, which reached over $100 billion at one point, is calculated by multiplying the supply by the price.

<