Brokers for Trend Following Trading

The Essentials and Mastery courses give you Michael’s complete trend following rules and strategy: what to trade, how much, when to get in and when to get out. Placing the trades is up to you. The brokers below may be good options for placing those trades, and many of them can also automate your rules so orders go in without you watching the screen.

# Broker Markets How to automate rules Front end
1 TradeStation Stocks, options, futures EasyLanguage scripting, with backtesting and automated execution on desktop Strong
2 Interactive Brokers Global multi-asset Capitalise.ai or the TWS API Powerful but dense
3 NinjaTrader Mainly futures C#-based NinjaScript, with tick-level replay and free simulation Strong
4 Composer Stocks, ETFs Visual logic blocks, with live automation at $32/month billed annually Strong and simple
5 Tradovate Futures TradingView alerts via a webhook service, with no funding gate on the API Strong (cloud)
6 Schwab thinkorswim Stocks, options, futures, forex Conditional orders that run without you logged in, but they’re semi-automated Excellent
7 Alpaca Stocks, options API with free paper trading that matches live Basic
8 Tradier Stocks, options, futures Third-party bridges or API Basic to fair
9 tastytrade Options, futures, stocks TradersPost for futures, or an API that still has some gaps Good
10 Webull Stocks, options, futures Coinrule or another bridge Good for beginners
11 moomoo Stocks, options, futures API Skills, which connect your own AI agent using plain-English prompts Good, data-heavy
12 Optimus Futures Futures Optimus Flow, MT5 or TradingView, with a $500 minimum Good
13 AMP Futures Futures Third-party platforms such as NinjaTrader, Sierra Chart or Quantower Depends on platform
14 Ironbeam Futures TradingView alerts via PickMyTrade Depends on platform
15 OANDA Forex Direct TradingView trading, plus a bridge for automation Good
16 FOREX.com Forex MetaTrader Expert Advisors, with up to 1:50 leverage Good
17 Pepperstone Forex, CFDs cTrader cBots, MT4/MT5 or TradingView Good
18 IC Markets Forex, CFDs cTrader, with low spreads for algo traders Good
19 IG Forex, CFDs Multiple platforms under strong regulation; check automation options by region Good
20 CMC Markets Forex, CFDs MT4, alongside its own platform with 115+ indicators Strong charting

Features, prices and account rules change. Confirm the details with each broker before you open an account.

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