![Stock Trading Bot Performance for July 2024](https://images.rapidload-cdn.io/spai/ret_blank,q_lossy,to_avif,w_1920,h_1280/https://blog.stockhero.ai/wp-content/uploads/2023/04/data.jpg)
As of mid-July 2024, StockHero’s Marketplace stock trading bots employing various strategies have largely shown great results in a dynamic market environment. Notably, long-only scalping strategy bots have excelled, capitalizing on the bullish market conditions that have dominated in the last month. These bots, designed to make rapid trades to exploit small price movements, have benefited significantly from the market’s upward trend. The continuous rise in stock prices provided ample opportunities for these bots to execute profitable trades.
The Ultra Scalp stock trading bot remains the best-performing scalp trading bot. It boasts the longest track record with thousands of live trades and has an impressive 80% win rate.
In contrast, bots utilizing the short strategies have faced challenges. These bots aim to profit from short-term declines in stock prices, a tactic that has proven less effective in a bullish market.
Check out the performance data below.
On a brighter note, market neutral strategy bots have remained steadfast in achieving their trading objectives. Designed to profit from both rising and falling markets, these bots have consistently delivered an estimated 90% win rate. Their ability to mitigate risk by balancing long and short positions has proven effective, allowing them to generate steady returns regardless of market direction. This strategy’s reliability underscores its value for investors seeking consistent performance amidst market volatility.
The Market Neutral bot has delivered a near 90% win rate as of mid July 2024. It has the longest track record on the StockHero’s Marketplace with its inception date in October 2022.
The StockHero team is nearing the completion of the Sigma Series bots onboarding process. The new generation of Sigma bots aim to deliver better trading activities while not compromising on the high win-rate demanded by our users.