Aterna AI Review: The No-Code Trading Bot That Might Change Your Game

What is Aterna AI?

Aterna AI is an AI-powered trading bot platform tailored for retail traders who want to automate trading without coding skills. It integrates with brokers like Robinhood and Alpaca, allowing users to create bots that react in real time to market data using AI-generated strategies. You don’t need to write any code — just describe your strategy in plain English and adjust parameters such as risk tolerance.

How Does Aterna AI Work?

Creating a bot involves connecting your broker account, defining your trading strategy in natural language, setting parameters like stop-loss or take-profit, and then either simulating trades or going live. The platform provides a dashboard that tracks trades, profits/losses, and shows AI decision logs that explain the bot’s reasoning.

It uses a GPT-like backend to generate logic trees from your prompts, which the bot executes by scraping market data and adapting accordingly. The system claims to learn over time, though this remains to be proven.

Key Features

No-Code Bot Creation: Easy bot creation via text prompts.
Broker Integration: Supports Robinhood and Alpaca, with plans for more.
Live and Simulated Trading: Switch between paper trading and real trading.
AI Strategy Generator: GPT-based strategy building with editable logic.
Trade Reasoning Logs: Transparency on AI decisions.
Performance Tracking: Real-time stats and charts.
Risk Management Tools: Stop-loss, take-profit, trailing stop, and max drawdown controls.

Pros

Truly no-code: No programming required.
Fast setup: Bots can be created in under 10 minutes.
Insightful trade logs: Decision explanations are sometimes humorous and clear.
Paper trading: Allows risk-free testing.
Multiple bots: Run several strategies simultaneously.

Cons

Limited broker options: Only Robinhood and Alpaca available so far.
No community: Lack of forums or marketplaces for strategies.
Occasional misunderstandings: Complex strategy parsing can fail.
Pricing: Plans might be costly for casual traders.

Pricing Plans

Free: 1 bot, paper trading only.
Starter (£29/month): 2 live bots, 1 live account.
Pro (£79/month): 5 live bots, priority support.
Unlimited (£199/month): Unlimited bots, custom AI logic, API access.

My Personal Experience

I tested a simple RSI strategy on paper trading for five days, achieving 3 profitable trades out of 4. Live trading with £500 on a breakout strategy succeeded in timing entry but exited prematurely due to trailing stop settings. Overall, it operated cautiously rather than recklessly.

Emotional Perspective

Using Aterna AI helps reduce emotional trading by automating decisions based on data. While handing over control to a bot feels strange, it offers peace of mind and a chance to step back from impulsive decisions.

FAQs

Is Aterna AI beginner-friendly? Yes, it requires no coding.
Does it trade crypto? Not specified.
Can you trust it with real money? Use caution and start small.
Is it 100% accurate with prompts? No, complex instructions may confuse it.
Is it better than coding your own bot? For non-coders, yes.

Final Thoughts

Aterna AI is a promising no-code AI trading bot platform for retail traders seeking automation without programming. It’s not flawless but offers a user-friendly experience with insightful AI logic and risk management tools. With human oversight, it can be a valuable assistant in trading.