What is StockHero?
StockHero is an automated stock trading software that offers users the ability to configure trading logic into "bots" via a user-friendly interface. StockHero will trade on the user's behalf automatically based on the entry and exit conditions setup by the user. Check out this article on more details on What Exactly Is StockHero?
Do I need to deposit funds into StockHero?
No, you do not need to. StockHero is a pure Software-as-a-Service trading bot solution that executes trades via a connection to your brokerage. All funds are held safely by the respective brokerages that you have accounts with.
Do I need to learn how to code in order to use StockHero?
StockHero removes the laborious task of learning programming in order for you to embark into the world of automated algorithmic trading. Our user interface is designed for the newly initiated and all components are laid out logically. In fact, a user can quickly setup an automated trading bot in a minute!
Can I use StockHero as a signal provider and not to execute trades?
Absolutely! Many users are using StockHero to inform them when is the best time to enter or exit a position. All you need to do is to setup the bot to trade on our Paper Exchange. The bot will inform you whenever a trade signal is generated. Notification methods include emails, app notifications and SMS (for Professional plan users). Read here for more details.
I need more personalized support during onboarding. Does StockHero offer premium support to help me start?
Yes, StockHero offers our White Glove Service to Premium and Professional subscribers. This service includes personalized assistance for configuring a bot based on your trading goals and risk profile. For new subscribers, please email us at [email protected]
to access our White Glove Service.
Which plan do I need if I want to rent a bot from the Bots Marketplace?
You will need to subscribe to our Premium or Professional plan.
If I rent a bot from the Marketplace, can I configure which stock for it to trade on?
Yes, you can. The beauty of renting a bot from the Marketplace is that the bot's settings are configured by experienced traders saving you endless hours of trial-and-error on what settings work best for the bot's intended strategy.
Typically, how much is needed to run a bot?
The amount is up to you; we don't specify a required capital. You can start with as little as a hundred dollars or use any capital you're comfortable with. It all depends on your risk tolerance and your investment or trading goals. StockHero isn't an investment product; we're a Software-as-a-Service platform that offers user-friendly automated stock trading bots for traders.
Do I need a server or hosting (like VPS) to run StockHero?
No, you do not need a server or subscribe to a hosting company to run StockHero. StockHero is a cloud-based Software-As-A-Service platform. There are tremendous resource requirements to run an automated trading system. StockHero does the heavy lifting for you by removing the cost and hassle to run an automated trading software.
Can I trade shorts with StockHero?
Yes, you can. Simply connect StockHero to your broker account that allows you to trade shorts. In the bot's settings, click on the "Short" strategy option.
Can I trade margin with StockHero?
Yes, you can. Please connect your broker that has a (Margin) tag in StockHero.
Is there a certain trading period that your bots can only trade?
No, the bots monitor the markets continuously during trading hours and execute trades whenever trading opportunities arise.
Can a non-U.S. citizen use StockHero?
Yes, we do not restrict which countries you are from as long as you have a trading account with any of our supported brokerages.
I am based in Europe. Can I still use StockHero?
Yes, definitely. As long as you are using a broker stated in one of StockHero's supported brokers list, you can use StockHero to automate trades for you. Otherwise, you can still use StockHero as a signal provider.