Regardless of your trading expertise, it’s no secret that pinpointing precise signals for trading is crucial. You require a blend of patience, skill, and precision to create the perfect alerts.
An individual can’t sift through market data to identify the right signals.
Thankfully, mobile applications like Pilot are here to save the day. With these handy tools, you can configure filters to generate trading recommendations for you. What’s more, you can even take the system for a spin without putting actual money on the line.
While that sounds impressive in theory, how does the Pilot mobile trading signals app fare in reality?
Let’s dive into our unbiased Pilot Trading review to unveil what you need to know about this platform.
What is Pilot Trading?
Pilot Trading is an AI-driven mobile app that keeps an eye on the market for you and notifies you when there are solid trading opportunities. That’s Pilot Trading for you!
Unlike other apps that overwhelm you with advanced decision-making tools, Pilot Trading focuses on simplicity and offers just enough data for its users.
You simply have to add the asset you’re interested in, and you’ll get alerts when good conditions arise. Based on your membership level and the broker you’re working with, you can execute trades within the app using Pilot Trading.
Pilot Trading has limited compatibility with brokers and crypto exchanges for in-app trading.
Features of Pilot Trading
Pilot trading offers some decent features that make the platform relevant compared to some of the best stock screeners. Here are some of the features you can expect:
1. Paper Trading
The great thing about Pilot Trading is that you can test it out and build trust in its AI-driven system. It relies on four unique algorithms—perception, commitment, equilibrium, and sentiment—to spot relevant trading opportunities for you.
The app provides a demo mode with a 15-minute delay in price data and a simulation mode that lets you trade with historical data. Feel free to reset your practice account whenever you want.
2. Trading Signals
Pilot Trading offers algorithm-based signals to help you identify trading possibilities in stocks, forex, and cryptocurrency markets. The app tracks over 37,000 securities and makes it easy to understand the opportunity score. Plus, it integrates with various brokers, making trading on its signals a breeze.
3. Supported Brokers
Pilot Trading works with stock and futures brokers like TradeStation, AMP Futures, Interactive, GFF, and Questrade. It also connects with nearly a dozen crypto exchanges, including Kraken, Binance, Coinbase, BitFinex, and Gemini.
Even if your broker isn’t compatible with Pilot, you can still use the app to view signals and trade manually with your broker.
This feature allows you to track specific assets easily. Pilot Trading also offers simulation trading, so you can practice using historical data.
Pilot Trading Pricing
Unlike many financial apps, Pilot only charges you for your subscription plan. You won’t find any hidden fees here.
Even though there isn’t a permanently free option, Pilot does let you give their services a spin for 14 days at no charge. Right now, you’ve got three different choices:
- The standard free demo featuring paper trading and simulation
- A 14-day free trial of the Live Signals membership
- A 14-day free trial of the Live Trading membership
There are two paid membership options with Pilot Trading, both reasonably priced:
- Live Signals ($19.99/month)
This package gives you real-time signals for over 60,000 securities across various asset classes (stocks, forex, futures, and crypto).
- Live Trading ($29.99/month)
This plan lets you connect and trade directly through your broker within the app and receive real-time trader alerts for your portfolio. It also includes all the features from the Live Signals package.
Who is Pilot Trading Best for?
Pilot Trading is great for traders looking to integrate algorithm-based trading signals into their tactics. While you can use Pilot’s signals independently, they’re even more helpful when paired with a charting and research platform.
Be comfortable identifying exit points when trading based on Pilot’s signals, as the app only provides information about entry points.
Pros of Pilot Trading
- Affordable trading signals
- Monitors over 37,000 securities
- Works with a wide range of brokers and crypto exchanges
- Easy-to-understand opportunity scores
- Offers demo and simulation modes
Cons of Pilot Trading
- Limited information on how signals are generated
- No charts or Level 2 data for making informed trades
- Lacks take-profit or stop-loss target features
Is Pilot Trading Worth it?
Pilot Trading is an incredibly distinct app that focuses on building trust. Normally, this could be a deal-breaker, but Pilot earns your trust by letting new users try the app for 14 days free of charge. This gives you time to decide if it’s the right fit for you.
Whether you’re dealing with stocks, cryptocurrencies, or something else, Pilot can likely complement your portfolio. While the current broker support isn’t ideal, we anticipate this to improve significantly soon.
We’d suggest giving Pilot a shot, particularly if you’re after a more hands-off trading experience. Click here to start your free 14-day trial and be the judge for yourself.