Ai-Powered Crypto Trading Tools That Don’t Require Coding Skills: Review
- As the crypto market becomes increasingly dynamic, traders have turned to AI-powered tools to gain an edge.
- While innovative, the growing number of AI-powered tools available for crypto trading can be overwhelming.
- To narrow the selection, Cryptonews reviewed three easy-to-use AI tools for crypto trading and strategy.
- Each review explains how these plug-and-play tools work (no developer knowledge needed), who they are best suited for, and the risks associated.
What Happened
Stoic AI provides retail investors access to institutional-grade crypto trading strategies. According to Stoic’s strategy factsheet, the platform has been live-trading since 2017, with billions in volume. There are also over $200 million in assets connected to Stoic and over 15,000 users.
Stoic AI is best suited for investors seeking systematic, emotion-free trading; crypto traders tired of looking at charts at all hours of the day; users seeking institutional-quality strategies without complexity; and those looking for alternatives beyond just holding Bitcoin (BTC) or Ethereum (ETH).
“Many traders expect instant profits or think ‘AI’ means guaranteed returns. Crypto is volatile, so even sophisticated strategies have losing periods. The only bypass is education and patience. Don’t invest rent money,” he said.
Botty is a cryptocurrency trading platform that uses bots to serve its users. The platform seeks to help retail investors better adjust to how they approach investing.
Market Context
As the crypto market becomes increasingly dynamic, traders have turned to AI-powered tools to gain an edge. From bots that automate trades based on price action to sophisticated systems that scan social media for trending narratives, artificial intelligence is helping democratize advanced trading strategies.
While innovative, the growing number of AI-powered tools available for crypto trading can be overwhelming. To narrow the selection, Cryptonews reviewed three easy-to-use AI tools for crypto trading and strategy.
Sasha Sasev, head of product at Stoic AI, told Cryptonews that Stoic is not a typical trading bot, but rather, “a quant team crypto users can hire through an app.”
Meta Strategy (Market-Neutral) – This combines over 200 algorithms and goes 50/50 long/short, so it can profit whether crypto rises or falls. This is the same market-neutral approach hedge funds use. Maximum drawdowns below 14%. Best for stability, regardless of market direction.
Meta Long Only (Market-Driven) – This uses over 100 algorithms to build and rebalance a smart crypto index hourly. It only takes bullish positions. This is for people who believe in crypto long-term but want better execution than blindly holding.
Fixed Income (USD Yield) – This captures Binance funding rate arbitrage between spot and futures. It is fully hedged and generates 6-15% APY without price risk. This is the most conservative “bond-like” strategy.
Why It Matters
Each review explains how these plug-and-play tools work (no developer knowledge needed), who they are best suited for, and the risks associated.
Although new, Stoic AI isn’t for everyone. For instance, crypto traders looking to build custom strategies and those expecting guaranteed profits shouldn’t use this tool.
Risks To Consider
According to Sasev, the biggest risks when it comes to using Stoic are unrealistic expectations.
Details
Stoic AI
“Most crypto bots hand you tools and say, ‘configure it yourself.’ Stoic is different. Users don’t build anything, but rather pick a ready-made strategy and connect with a crypto exchange,” Sasev said.
Stoic’s quant team creates strategies using machine learning algorithms. Each strategy is back-tested, forward-tested, and then live-traded for years before being offered to the public.
How To Use Stoic AI
To get started, a user will first connect to a supported crypto exchange via an API. Exchanges include Binance, Coinbase, Bybit, KuCoin, and a handful of others. Sasev pointed out that Stoic only has permission to trade, never to withdraw access.
Stoic’s algorithms then execute trades automatically 24/7, rebalancing hourly or daily. Funds will never leave the exchange the account is connected with.
There are 4 plug-and-play strategies offered by Stoic AI:
Bitcoin Yield – This is a meta strategy with BTC as collateral. Gains stack on top of Bitcoin appreciation. Best suited for Bitcoin maximalists who want to grow their BTC holdings while earning additional returns.
Who Should Use Stoic AI
Botty