Automated trading, and more recently, AI trading platforms have given many users back countless hours that were previously spent glued to monitors. Despite the growing popularity in Australia, it is not simply a tick box implementation, but a topic that needs some care and consideration, at least to start with!
There are plenty of automated platforms that will support your own custom bots and algos, and then there are plug and play models that provide a more simplistic experience, or blend AI into the existing setup.
The choice comes down to three main things; you have the broker (who offers the backend integration, pricing, support), trading platform (the interface, chart, compatability), and the automation type (copytrading, algo trading, full automation, AI assistants, bots). We are giving you our top picks of broker for automated trading type, alongside the platform that supports it.
Pepperstone are the best all around choice, with the ability to build out automated setups on all the major trading platforms. That makes it possible to use AI with the TradingView tie in, use MT5’s AI assistant using MCP, whilst also using cTrader Automate for algo trading, alongside MCP servers, AI tools, and bots inside their own store.
Best Automated Trading Platform
Pepperstone
Best for: Building automated strategies using MT4, MT5, cTrader, or TradingView.
AI trading and algo trading platforms.
- Minimum Deposit $0
- Spreads From 0.00 (Razor)
- Founded 2010
Best For Beginners
eToro
Best for: Beginners to automate with copytrading, and smart portfolios.
Easy to use interface, with AI built into the app.
- Minimum Deposit US$50/~A$72
- Spreads From 1.00
- Founded 2007
Whichever method you choose; whether coding your own trading bot with MQL4, MQL5, or Python, or simply choosing the right portfolio or trader to copy, you will need an end broker that supports your plan.
October has seen a shake up of the fully automated AI trading picture, with Interactive Brokers’ launch of AI Partitions inside IBKR Autonomous Trading. MCP connections to all the leading AI models, and the ability to set an AI agent the ability to trade on a specific portion of your account balance makes the broker a major competitor in the space. The IBKR platform is a good fit for technical traders, although the qualification criteria might prove tough for less active traders to meet (full details below).
If you are looking for the best trading platform for beginners, you are likely going to be far more comfortable with copytrading, or using an AI trading assistant with a broker like eToro to start with. The more advanced among you may prefer using our editor’s choice Pepperstone to select one of the pre-made EAs or cBots available on MT4, MT5, or cTrader, or even code out your own.
Here at thebull.com.au, we have taken a detailed look at the best AI and automated trading platforms Australia has to offer, and narrowed down the options to a few market leaders for the different use cases you might have in mind. So let’s take a look at the different use cases, and which broker, platforms, and methods, stand out.
| Best for | Our pick | Automation | Coding | Difficulty |
|---|---|---|---|---|
| Beginners | eToro | Copy trading | None | Easy |
| MT4 automation | Pepperstone | EAs | MQL4 | Medium |
| MT5 automation | Pepperstone; Altternative: AvaTrade | EAs, AI assistant | MQL5 | Medium |
| Developers | Pepperstone + cTrader | cBots | Python/C# | Medium–High |
| AI trading | Pepperstone | Assistant, coding EAs for full automation, offers platforms with MCP support | None | Easy |
Types of Automated Trading
There are several types of automatic trading, including algorithmic trading, which uses mathematical models to execute trades; high-frequency trading, which involves completing a large number of trades in a short period; and social or copy trading, which allows you to imitate the trades of selected others. There are also EAs, cBots, and AI tools to add to the mix, giving a clear distinction between the more advanced, and more entry levels of automated trading.
Then there are different types of AI that can be used in your trading, all the way from an assistant, to a chart tool, through to bots, and fully automated platforms. There are plenty of risks down nearer the full AI end, with scams, and black boxes that do not show you the mechanics making overpromises. We still like to think of these as tools that are there to assist you, and to potentially take over if you have planned out the strategy yourself. But if you do not know what the tool should be doing, it is very hard to step in and check.
That is why we are sticking to brokers here who have a strong regulatory setup, with ASIC regulation essential. That does not mean that trades cannot go wrong, but it does make your pathway to a complaint and resolution a huge amount simpler than it would be otherwise.
How To Choose The Right Platform
- Security: we are looking for platforms with robust security measures, to protect your data and funds from cyber threats.
- Reliability: the platform should have a proven track record of reliable performance and minimal downtime.
- User interface: look for a user-friendly platform with a clean and intuitive interface that feels genuinely usable, rather than clunky.
- Trading instruments: make sure the broker behind the platform actually offers the financial instruments you plan to trade.
- Fees: we have compared the fees and commissions charged by different brokers to choose the most cost-effective options.
- Customer support: the platform needs to offer reliable customer support to help you when you need it, with regular trading hour coverage essential.
- Regulation: must be regulated by the Australian Securities and Investments Commission (ASIC), to ensure compliance with relevant laws and regulations.
From copying through to coding, automated trading can be a great way for both beginners or more experienced traders to take advantage of market opportunities in real time, and there are a range of providers and tailored or off-the-shelf platforms to assist you along the way. Depending on exactly how you would like to automate your trading, there are going to be different solutions that stand out as you can see below.
Automate With Copy Trading
Copy trading is the first form of automated investing that most would have come across, and it is the most simplistic to get your head around. To start copy trading, you effectively pick an existing user account you would like to ‘follow’, or copy in this case, and then set the rules from there.
Being one of the easiest entries into automation doesn’t necessarily make this method the right choice, as it involves handing off the decision making to someone else. If that is what you are looking for, this could be the perfect type of automation for you, but if you are looking more for a trading platform that allows you to put your own strategies and plans into place instead, you can quickly skip ahead.
If copy trading sounds like it might be a good fit, here are some of the benefits. You can watch what some of the best performing traders are doing, and learn whilst you copy along the way. Then there is the time element that many want auto trading tools for in the first place, with the option to be very hands off. This gives the potential to generate returns without spending time conducting research and analysis on the assets, instead leaving you to check the trader, risk level and strategy you are about to follow.
It is important to note that copying other traders is very far from guaranteeing you a positive result. You can select the best performer over the past years, with a strategy that looks great on paper, yet markets do not reward any of those things. Shifts outside of the ordinary can hit even previously successful traders, so you will always want to keep your allocated funds to a level you are comfortable with.
Once you have decided that copy trading is right for you, you need to choose the right broker platform to automate your trading. The best copy trading platforms will offer various customisation options, including the ability to set limits on risk, portfolio diversification, and selecting traders to copy based on their past performance. You will also want to make sure there are enough traders and strategies to choose from, with that criteria resulting in a clear winner.
Best for Copy Trading – eToro
eToro made it’s name as a pioneer in social trading rather than building it in later like many others, and has continued to build on this with its copy trading features. Now boasting more than 40 million registered users globally, the platform offers access to most types of financial instruments, including stocks, cryptocurrencies, and ETFs, and is the clear winner for automating with copy trading. It is the best choice for beginners, but there is also more to it.
eToro’s copy trading allows you to automatically replicate the trades of other traders, and offers the largest selection of accounts to choose from. This all comes in a very easy to use platform that has been built in a way that feels like many other social apps on the market. As far as usability, it is right up there with the best.
In addition, eToro offers a unique feature called the “Smart Portfolios” (previously known as CopyPortfolios), which allow you to invest in a diversified portfolio of assets curated by their in house analysts. This is a bit like the process of a managed ETF, or a thematic fund, where you are automating the second stage of the allocation. The first stage here is you directly selecting the smart portfolio to invest in, with the automation stage being the portfolio manager selecting where the funds are allocated. These portfolios will also provide a helpful monthly update on the platform identifying what has been happening in the previous period if you are not one to follow more actively throughout the period.
eToro AUS Capital Limited ACN 612 791 803 AFSL 491139. Social trading. eToro does not approve or endorse any of the trading accounts customers may choose to copy or follow. Assets held in your name. Capital at risk. See PDS and TMD
Automate With MetaTrader4
Best For MT4
Pepperstone
Best for: Automating using MT4, MT5, cTrader, or TradingView.
AI trading and algo trading platforms.
- Minimum Deposit $0
- Spreads From 0.00 (Razor)
- Founded 2010
MetaTrader 4 (MT4) is a very popular platform for automated trading, with users either custom coding using MQL4, or using an existing Expert Advisor (EA). Being one of the most widely used trading platforms globally, there has already been plenty built within the MT4 ecosystem that you can take advantage of.
One of the key features of MT4 is EAs, which are automated trading algorithms that execute trades based on pre-set rules and conditions. EAs can be programmed using the MQL4 programming language, allowing you to customise your trading strategies and backtest them on historical data. Whilst building your own EA is a more complicated avenue to selecting an off the shelf EA, or copy trading, you have a lot more control in what goes on under the hood.
If you are someone who has a clear trading strategy, or you want to replicate a strategy you have found, MT4 could be the place to do it. There are plenty of guides on how to use MQL4, and using AI tools, you will be able to create these far more easily than in the past by providing clear instructions as to what you want.
The trading platform itself offers a range of advanced charting and technical analysis tools, making it adaptable to different strategies, and whilst the MT4 interface is not the most user friendly in app form, the range of functionality, and the large community of developers and traders make it an excellent platform for automated trading.
Best for MetaTrader 4 automation – Pepperstone
Pepperstone is one of Australia’s best all around auto trading platforms, and fully supports EAs on MT4. Having built a reputation as one of the best forex brokers in the country, offering its clients MetaTrader 4 (MT4) comes as an expectation for those trading currencies.
With a number of brokers offering MT4 and supporting EAs, this is one section where you need to dig a little deeper to find out why each one stands out.
As we are focused on automated trading in this guide, let’s take a quick run through what else Pepperstone has to offer us. We start with access to a suite of ‘Smart Trader Tools‘ that allows you to start off the bat with a minimum of fuss, whilst offering a range of EAs, and indicators built in that are free to use. You can also use real-market pricing to test your strategies, or you can also use the brokers API to plug in your own system (for the more advanced), along with support for algorithmic trading, and cTrader Automate.
Once you have a good EA, or a custom trading strategy set up in MT4, you then need the broker’s infrastructure to support you from there with the right conditions. This will include all things behind the scenes, such as reliable (and rapid) execution, low latency, deep liquidity, and tight spreads, along with the instruments you want to trade. Pepperstone deliver across all counts, and has won multiple independent awards over the years for this, including ‘Best in class trading fees’ for 2026.
The range of instruments has expanded substantially over the years, to include CFDs on shares, 24 hour US stocks, commodities, indices, and cryptocurrencies, as well as a new suite of Perpetual CFDs. That being so, this is a broker for trading, and if you are looking at direct share holdings, or investing via an SMSF, Pepperstone would not be the right choice.
Outside of our own review, looking at Trustpilot for other user feedback, and you see clients praising the customer support team, order execution speeds, and spreads, that make Pepperstone a worthy winner as best all around.
Automating With MetaTrader5
MetaTrader 5 (MT5) is a multi-asset platform designed for both manual and automated trading, and while the automated trading functions are similar to its predecessor MT4, they are not compatible with one another. That means that any EAs you have for MT4 will not work on MT5 without some tweaks and changes.
MT5 uses MQL5 coding language, which potentially allows you to develop more complex and advanced automated trading algorithms. You will still find plenty of ready to use/buy EAs, and you can have an AI assistant convert your existing MQL4 code into MQL5, assuming you know how to cross check and test afterwards.
The technology underpinning MT5 is more advanced than MT4, with faster processing, and more adept at running robots or heavy tasks. You will also get access to more timeframes (21 vs 9), and a more precise operation once functional.
Another way in MT5 differs, is that depending on the broker, it could be configured for other instruments that are not CFDs. That means it is possible to offer stocks that are not CFDs on the platform, even if most brokers do not configure it that way.
If you are considering automating your trading using MT5, the pros and cons are broadly similar to MT4 above, in that there is a lot of pre-existing help and support on the market, yet there is still a learning curve.
Best MT5 Choice – Pepperstone; Alternative – AvaTrade
Pepperstone remains our editor’s top choice for automating with MT5 (for many of the reasons covered in the MT4 section above), but AvaTrade are another strong option to consider.
AvaTrade is very well-established in the market for forex and CFD trading, and it’s MT5 offering is better than that of it’s MT4. You will gain access to an expanded instruments list of over 1,000 assets on MT5, compared to the average of 250 on MT4.
AvaTrade’s MT5 platform has advanced charting tools, analytical objects, and a built-in economic calendar, making it an excellent manual and automated trading platform.
Using AvaTrade, you can incorporate trading indicators into your automation system, allowing for a more advanced setup. You can also configure scripts for automating particular tasks, and link them into your own custom trading robot.
On the infrastructure side, AvaTrade offers fast execution speeds, multiple account types, and spreads that are competitive, albeit not market leading. This is a trusted alternative to our top pick, and one worthy of your shortlist.
Automate With cTrader
cTrader is a trading platform that has been gaining in popularity among traders in Australia. Automated trading is now conducted on cTrader Algo (previously cTrader Automate), which unlike MT4/5, uses Python, or C# programming languages. For anyone already familiar with coding, this can make the transition that bit easier, with easy integration via Visual Studio.
cTrader’s algorithmic trading features include something called cBots, which are effectively automated trading robots that execute trades based on pre-set rules and conditions. There is a solid range of guides on how to create cBots, backtest them, and get setup with an automated trading strategy in the cTrader algo library, found here. cTrader also offers advanced backtesting and optimisation tools, allowing you to test and fine-tune as you go.
Building on cTrader Algo feels a little more like using a modern software platform, and can be linked to external databases, or your own custom dashboards easier than some of the alternatives.
The platform offers fast order execution, low latency, and a user-friendly interface, making it a strong choice for automated trading.
Best for cTrader – Pepperstone
Pepperstone are out top choice for cTrader automation, where you can code your own strategy, or use AI tools and plugins. With over 1,200 financial instruments, including shares, forex, commodities, indices, and now perpetual CFDs, you can do a lot under one roof. The reality is, if you want to setup an automated trading system, and adapt the code for each of MT4, MT5, and cTrader, you can do all of it here.
You get all the excellence in execution, low latency, tight spreads, and deep liquidity as per the other trading platforms, and with no dealing desk. The broker quotes an average rate for order execution at ~50ms, with a 99.32% fill rate (based on all trades from Q1 of calendar 2026).
Support on hand 24 hours a day through the trading week, and 18 hours on weekends is right up there with the widest coverage we have seen, giving you access to a helping hand whenever you need it.
The broker has proven to be reliable, ASIC regulated, and typically one of the first in the market to offer new platforms. Then you have the tight spreads offered by Pepperstone that also make it an excellent choice if costs to trade are high on your list of priorities.
If you are planning to build out your own automated trading system in Australia, we would start here.
Seeking an alternative? Other ASIC regulated brokers offering access to cTrader include FP Markets, Fusion Markets, and IC Markets.
Automate With AI Trading
Pepperstone
Best Choice of Trading Platforms For AI Integrations
Best for: Add AI using MT5, TradingView, or API.
AI trading and algo trading platforms.
- Minimum Deposit $0
- Spreads From 0.00 (Razor)
- Founded 2010
Artificial intelligence technology is developing at breakneck speed and being applied to many different areas, including financial markets. AI trading takes algorithmic trading one step further by not simply following a predefined set of rules but adapting to changing market conditions and ideally, improving over time.
Much like an Expert Advisor trading bot, AI trading software can buy and sell stocks on your behalf if you allow it to. The difference is that fully automated AI trading software will change its decision making process over time in order to try to optimise results, whereas an algorithmic trading bot will only trade using the rules it is given.
There are plenty of advantages of using AI to automate your trading strategy, yet there are also some downsides worth considering in the mix. AI can definitely process data much faster than any human could, yet the interpretation of that data is often the key part. You often have to put in a lot of effort up front in order to get your AI to pay you back over time. With the right inputs and knowledge, you could have AI identify patterns and trends that may not be apparent to you as a mere human.
There are different ways of using AI in trading, from fully automating your trades, down to simply suggesting or flagging alerts your way. The latter end of the scale is more likely to be the safer option, at least until you have seen what is coming back at you over a period of time for approval.
We also see some very interesting use cases for AI tools alongside your own trading, with Tradingview’s AI Chart Copilot proving to be particularly useful, when prompted correctly. Having AI support you with trading inside the chart can feel a bit like a cheat code, although there are limitations, as with most things. Hallucinations in AI, whilst far less common than earlier models, remain a concern, yet over time this is likely to be far less of an issue.
This may well be the optimal period to be testing various AI tools and APIs inside your trading platform, continuing to build knowledge and confidence in their abilities before actually deploying them live. That being so, there are some brokers who have already integrated AI trading assistants inside their platform, and those are definitely worth a closer look.
Best For AI Trading – Pepperstone
Having offered both Capitalise.ai prior to the acquisition, and TradingView integration, along with MT5, and cTrader automate, Pepperstone have been right at the forefront of AI trading in Australia.
The latest AI trading additions to MT5 in July this year (2026) include bridges, the MetaEditor AI Assistant directly built in, and the ability to connect OpenAI, Claude, or Gemini into the platform via API. It is important to note that this is not the same as a ‘blackbox’ AI trading bot where you remain in the dark, but is an integration, and access to using existing AI tools with an ASIC regulated broker partner.
Within three weeks, there were more than 1trillion tokens used on the MQL5 Lite model, and the community will continue to build from here. With AI continuing to develop at a rate of knots, there will be plenty of change and new tool introductions in the weeks and months ahead, and we will continue to add here.
Capitalise.ai
Capitalise.ai uses Natural Language Processing and Machine learning technology to analyse and monitor stocks, create and test trading strategies and automate them. There is also a library of automated trading strategies to choose from.
Capitalise.ai’s machine learning technology means their platform is constantly evolving and improving. Natural Language Processing means there is no need to write any code in order to automate your trading strategy.
Whilst this was a tool offered by a few brokers in Australia including Pepperstone, since the acquisition by Kraken, it is no longer supported, despite what you may find elsewhere on the web.
TradingView AI Chart Copilot
TradingView AI Copilot effectively gives you an AI assistant inside your charting software. Whilst this is not a bot that will trade for you, it absolutely can help you to spot better trades, and make them. If you are already using a broker with TradingView integration, then you can use the Chart Copilot to map out your trades, and execute them there and then.
We have found some of the best use cases of AI to be identifying pre-defined patterns, or setups, from a list of stocks we follow. We can then probe the AI to run backtests, or analysis on how similar setups have worked with the same stock in previous instances. These are the types of things that may have taken hours in the past, that can now be achieved in a matter of minutes.
Pepperstone have won TradingView’s own award for best Australian forex and CFD broker, and remain a strong choice. If you are investing long term however, you will likely want to look elsewhere.
Fully Autonomous AI Platform (New) – Interactive Brokers
Interactive Brokers have made one of the biggest moves into AI-connected trading in 2026, with the new ‘IBKR Autonomous Trading’ launch on 21st October a significant shake up to the status quo. This has rolled out directly to Australian clients, with AI integrated directly alongside 75000+ stocks, options, and ETFs in your portfolio, or part of it.
IBKR opened a direct MCP connection with the trading infrastructure and major AI models like Grok, Claude, OpenAI, and Perplexity. Gemini is coming soon, with Claude Code, Codex, and Cursor already supported.
Once you have authorised the account, the AI can work directly in a ‘partition’ of your account, and carry out trades fully autonomously for you if you wish. If that is a step too far, you can stay in the drivers seat of decision making and simply have the AI analyse your portfolio, monitor positions, catalyst, or opportunities, in normal language. No coding needed.
Within an ‘AI Partition’, you can allocate a defined balance for automation, alongside rules and criteria, and just like that you can be off and running. You retain the ability to change access at any stage, and whilst this is still new, it has been made clear that the rules you set act as firm restrictions for your AI bot, or ‘agent’.
As a brand new launch, this is continuing to roll out, with qualification criteria initially set to non margin accounts with at least 10 trades of $100 in the two weeks before autonomous trading can be activated. This could well change.
For now, this is a launch that brings Interactive Brokers right into the conversation as one of the best AI platforms in Australia, and once the integration has had time to settle down towards the close of the year, we will know more about exactly how this is performing in practice. The launch just a few days ago, and the qualification criteria of two week’s worth of trades means this is still getting going, but for a broker of this scale to take a lead in fully automated AI needed a special mention.
Investing App With AI Built In – eToro
eToro have been at the forefront of trading innovation for close to two decades now, and when it comes to AI stock trading apps, they are right up there with the better ASIC regulated options on the market. With an AI investing assistant, an internal App suite, and one of few to have added an MCP so far (currently limited to certain markets), there is a lot to like.
Having launched Tori as an AI investing assistant for use inside the trading platform, the broker has not simply added an AI chatbot and called it a day. This is more a combination of social trading, tools, automation, and conversational investing support in one app. Then the launch of the eToro App Store was another major step forward because it allows users to build, share and access applications directly inside the platform.
If you haven’t used it yet, Tori can help you explore markets and understand your portfolio, whilst also giving access to Grok for real-time market sentiment. Worth a closer look if you are curious about how AI trading is developing right now.
eToro AUS Capital Limited ACN 612 791 803 AFSL 491139. Social trading. eToro does not approve or endorse any of the trading accounts customers may choose to copy or follow. Assets held in your name. Capital at risk. See PDS and TMD
Automated Trading vs Algorithmic Trading
Automated trading and algorithmic trading are often spoken about as if they are the same thing, but there are a few key nuances that separate the two. The easiest way to think about it is that algorithmic trading is about how a trading decision is made, while automated trading is about how that decision is put into practice. In other words, an algorithm can decide when to buy or sell, while automation places the trade, manages the order, or exits the position without you manually clicking the button.
So when we are talking about the best automated trading platforms here, we are looking at the execution of your trade, or where that process happens. You can set up an algorithmic rule based trading system using some of the automated trading platforms above, such as MT4, MT5, and cTrader, but they are not the algorithmic layer. You use EAs on MetaTrader platforms, or cBots on cTrader. Those are add-ons to the main platform and can be custom programmed, or bought from the platforms’ own ‘stores’.
Automating your trading can be as simple as setting up pre-defined buy orders, and stop orders, so that a trade is carried out to your earlier command. Algorithmic trading considers variables within that mix. In other words, if x condition is met, open a position with y% stop loss, and z% take profit level.
If you are a beginner, copy trading is a simpler entry into one part of the automated trading world, whilst AI trading apps can deliver much of what an algorithmic trading system does, but in more simple language.
Why Do People Use Auto Trading Platforms?
Time is the biggest factor. Both timing an entry/exit based on known rules, and the time you would have to spend monitoring open positions or looking for suitable setups.
Automated orders can work while you are away from the screen, and algorithmic or rule following systems can monitor more markets than you would be able to manage yourself. That does not mean you have to leave a trading system completely unattended, but it does mean you can reduce the amount of manual screen-watching required, and have potential setups flagged to you as opportunities you would execute.
Discipline to execute on your plan is the other major advantage to auto trading. You may have a trading plan, and know exactly what you should do, but as markets move in real-time, greed, hesitation, or fear can get in the way. The reason trading psychology is such an important topic is that when under pressure, even experienced traders can have moments when the intentions fade into the background. A system that simply follows rules that are pre-defined does not have those emotions.
The Best For AI & Automated Trading In 2026: A Changing Landscape
Automated trading is an excellent way for beginners and experienced traders to take some of the heat out of the decision-making process, and AI has moved into trading just as it has many other areas of life in 2026. The pace of new developments and support has been such that there are changes almost by the week right now. That pace may well slow, but for the time being, we have added in a couple of new names that need to be here.
In the field of automated trading, there are several different types, including algorithmic trading, high-frequency trading, and social (copy) trading. But whilst automated trading can make a good trading plan easier to stick to, it will not turn a poor strategy into a profitable one. You can use algorithmic trading to help identify and execute opportunities with speed and consistency, but it still depends on sound logic, realistic testing and careful risk management built in at the start.
The best automated and AI trading platforms provide access to the either the best traders to follow (if copy trading), the best AI models and tools integrated, or the best algorithmic trading systems to use, alongside strong execution conditions. If you are more advanced and have your own setups to execute, the best choice will usually be more weighted to the trading conditions, reliability, and access to the system you intend to use.
Finally, you will want to choose a platform regulated by a reputable authority, which in Australia is the Australian Securities and Investments Commission (ASIC) who ensure compliance with relevant laws and regulations. There are plenty of scams out there, and sticking to well established names helps to minimise your counterparty risk as much as possible.
Our ratings for the best automated trading platforms include Pepperstone for MT4, MT5 and cTrader for AI trading, eToro for copy trading and AI investing, with a special mention for Interactive Brokers’ new Autonomous Trading launch for advanced traders, with support for models such as Grok, Perplexity, Claude, and OpenAI directly into it’s trading platform.
Each of the three are ASIC regulated (Pepperstone AFSL 414530, eToro 491139, IBKR 453554), have at least a 15 year history in the market, and offer access to a wide range of trading instruments. Personal preference, and the type of auto trading you have in mind will often decide your personal best fit, and if you are still in doubt, try them out with a demo first and see which you prefer. New launches in the field continue to come thick and fast, so stay tuned.
Automated Trading FAQs
What is automated trading?
Automated trading allows you to set a series of rules in a piece of software, that will then run and operate based on what you have pre-set. This software uses algorithms and pre-determined rules and parameters to make trades on your behalf.
How does copy trading work?
Copy trading is a type of automated trading that allows you to copy the positions of a more experienced trader. An amount of money is assigned to a certain trader, then all of their trades are automatically copied
How do you create a trading robot in MT4?
To create a trading robot in MT4, known as an Expert Advisor, you will need to know how to write code in Metatrader’s programming language MQL, although you can now use AI tools to help. You will need to set the rules and parameters for the trading robot based on your chosen strategy, and your bot should need to be backtested against historical data to evaluated how it would have performed. That is only historical data however, and that cannot be taken as an exact guide for what to expect in future market conditions.
What is the best AI trading app in Australia?
There are plenty of AI trading apps in Australia that promise the world, but if you are actually going to trade inside one, you will still want to use a regulated broker within the process. ASIC regulated eToro have AI embedded in their trading app, and are a strong choice for beginners.
What is the difference between AI trading, copy trading and automated trading?
There are various differences between AI trading, copy trading, and automated trading, but they all work towards a similar goal, trying to simplify trading. AI trading can be thought of as using artificial intelligence somewhere in the trading process, and with the ability to adjust plans along the way. Copy trading involves following other traders’ strategies, and there will be someone else at the wheel making decisions that your account copies. Automated trading typically acts on a series of predefined rules to execute trades on your behalf, and those rules stay fixed unless changed.
Can you use AI for stock trading?
Yes, AI can be used to trade stocks in many different ways. Many traders now use AI tools to help with researching and analysing stocks as well as providing trading alerts or signals.
Is AI and automated trading legal?
Yes, it is legal to use AI trading tools or automated trading systems in Australia, but there are clear rules for protecting markets, and for market participants. The regulator has recently formalised some changes to these rules which are due to come into effect from 2028.
Can I use ChatGPT, Claude or Gemini with MT5?
Yes you can use external AI models including Claude, ChatGPT, or Gemini, alongside other MCP-compatible AI platforms since July, making this much easier than it was.
What are the risks in automated and AI trading?
Automated trading removes much of the manual work, but there are still risks in software, or overfitting to historical results with backtesting. Market conditions change, and strategies in one type of market may not work as well in others. The biggest risk is in not understanding what is happening however, and educating yourself to be in charge of the AI as a tool, rather than expecting it to do everything will help you recognise if something is going wrong.
