Is Aithena from Eaconomy a good robot advisor for trading in 2023? We have the answer!

There has been a lot of talk about the robotic advisor Aithena lately. Aithena is a product from Eaconomy, an American company that has developed a robo-advisor that trades CFD products. The company has become increasingly popular at home and abroad. So what exactly is the fuss about this?

In this blog post, we'll take a look at how good the Aithena robotic advisor is and whether it's really works like this good as the Swedes say.

What is Aithena?

Aithena's software uses artificial intelligence (AI) to provide investment advice. It analyses data to identify patterns and trends in the markets. Based on this analysis, the software makes recommendations on which investments to make or sell.

Recommendations are generated automatically and can be executed at the touch of a button. Investors can also choose to receive notifications of recommended trades by email or text message.

Update on Aithena 2023

Since December 2022, the Aithena trading robot has not been doing very well as it has been found to have several shortcomings. One shortcoming has been that it has not been adaptable enough to keep up with market fluctuations. This has caused Aithena to lose almost all the profits accumulated in 2022.

Due to a market swing in the wrong direction, the robot chose to place itself in a hedge. This is a risk management strategy, somewhat as a last resort, used in some cases as a desperate attempt to turn a loss into a profit. Unfortunately, it did not work out as hoped, resulting in large losses for many of its users.

Alternative trading robot to Aithena

There are other alternatives to Aithena that are still going strong. One of them is TA Algowhich, unlike Eaconomy, does not have a monthly fee or affiliate-based structure. Instead, they have a volume-based agreement with the broker, where they instead earn a percentage of the commission.

TA Algo's trading robot is an innovative trading robot that uses advanced A.I. based algorithm art to make trading decisions in the trading market. The robot can also use COT (Commitment of Traders) data to gain a better understanding of the market's direction. It uses a proven strategy based on the market's historical data and follows the trends to identify trading opportunities. This strategy is more advanced than the one used by Aithena, which is another popular trading robot.

With the help of the advanced art of algorithms, we can TA Algo discover opportunities that are not available to other trading robots. While it can take both long-term and short-term positions, it is usually more inclined to take long-term positions to maximise returns. It is also designed to take into account the dynamics of the markets and can adapt to changes that occur in real time. TA Algo is the perfect robot for those who want an advanced strategy that detects trading opportunities that other robots cannot.

You can read more about their robot via this link.

Cost of using Eaconomys Aithena 2023

Eaconomy offers two different membership packages: Elite Pack and Elite Pro Pack. The Elite Pro Pack is the only package that includes access to the Aithena Trading Robot. Below is a table of prices for the different packages:

package	First month	Monthly cost	Available to Swedish citizens
Elite Pack	149 dollars	99 dollars	Yes
Elite Pro Pack	235 dollars	149 dollars	Yes
TA Algo	0 SEK	0 SEK	Yes

Simple and easy-to-use software

Aithena is a simple and easy-to-use software, so even if you have no previous trading experience, you can easily get started with it. You can easily and quickly trade currencies with leverage, and the advanced algorithm allows you to minimise the risk of losses.

Had a strong reputation in the industry

The company behind Aithena, Eaconomyhas a long history of providing high quality software and has a strong reputation in the industry. Unfortunately, it does not look like Aithena will deliver stable results going forward.

How does the Aithena Trading robot work?

Aithena's software uses artificial intelligence (AI) to provide investment advice. It analyses data to identify patterns and trends in the markets. Based on this analysis, the software makes recommendations on which investments to make or sell.

Recommendations are generated automatically and can be executed at the touch of a button. Investors can also choose to receive notifications of recommended trades by email or text message.

Investors must have an account with a broker that supports CFD trading in order for the trades to be executed.

Written in MQL for MetaTrader 4

Aithena is an expert advisor written in MQL and can be used to trade the forex market by connecting to MT4. MQL is a powerful programming language that allows developers to create advanced trading systems and tools for MetaTrader 4.

What are the benefits of using the Aithena Trading robot?

There are many advantages to using the Aithena Trading robot to trade in financial markets:

• Saving of time: With Aithena's robot, the investor doesn't have to spend hours following the market and analysing data. The robot can do it for them, giving them more time to focus on other things.
• Ability to shop 24/7: Trading is available around the clock, allowing the investor to take advantage of trading opportunities at any time, day or night.
• Increased accuracy: By using the advanced algorithm, Aithena's trading robot can execute trades with higher accuracy than humans could do manually.
• Opportunity to diversify the portfolio: By using the robot, investors can diversify their portfolio more easily by trading different financial instruments at the same time.

It is important to note that there is some risk in using an automated trading robot. Markets can be extremely volatile and there is always the possibility of losses. Therefore, it is important that investors understand the risks that come with using a trading robot and that they choose a strategy that suits their risk tolerance.

Do you also want to start robot trading? Open an account here!

Automate your trading in the forex market

With Aithena, you can automate your trading in the forex market and take advantage of market changes without having to sit in front of a computer all the time. You can also use Aithena to test different trading strategies and optimise your trading portfolio. This is thanks to the VPS (Virtual Private Server) on which the robot is installed, so you as a customer can always have the robot running for trading - even when your computer is turned off!

Is Aithena profitable? 

Aithena claims that its AI-based technology allows it to generate consistent profits regardless of market conditions. The programme has reportedly generated an annual return of over 30TP3T since its inception.

Eaconomy is a private company and does not disclose its financial data publicly. However, according to PitchBook, the company has raised $21 million from venture capitalists since 2018.

Conclusion

Based on the information we could find, it seems it is as if Aithena is a legitimate robo-advisor with a successful track record. The AI-based technology allows the programme to generate consistent profits regardless of market conditions. If you are looking for an automated investment solution with potential too high a return can Aithena be worth considering.

Want to get started today? Instead, register with TA Algo here!

Frequently asked questions and answers - FAQ Eaconomy Aithena