Trade Ideas Review – is this the best stock scanner?
In the world of trading, idea generation is crucial for achieving profitable results. Without quality stock picks, traders can’t expect to make significant profits. Trade Ideas was created to help traders with this.
In this Trade Ideas review, we will explore how this stock scanner provides traders with consistent trade ideas and investigate if it is the best stock scanner.
Trade Ideas’ AI technology, known as Holly, is a game-changer in the industry. With its advanced algorithms and data analysis, Holly generates trade ideas that are tailored to your specific trading preferences. Trade Ideas also offers prebuilt scans like ‘Channel Bars’ that further enhance your trading strategies.
With its invaluable tools, Trade Ideas has earned its reputation as a five-star asset in the trading community. But is Trade Ideas worth it? Read on to find out.
What is Trade Ideas?
Trade Ideas is a web-based tool designed to assist individual investors and intra-day traders in real-time stock trading. Originally developed by a team of financial experts who were pioneers in automated intraday trading during the 1990s, the Trade Ideas stock scanner is now owned by Interactive Brokers.
Interactive Brokers is one of the largest U.S. brokers and a global leader in terms of daily trades. The company is headquartered in Greenwich, Connecticut. Leveraging cloud technologies, machine learning, and artificial intelligence, Trade Ideas utilizes advanced algorithms to analyze stock charts and provide users with alerts about abnormal price action based on their selected presets.
Trade Ideas review: The features
- Holly: Holly is an artificial intelligence program within Trade Ideas that studies transactions and identifies statistical patterns. It offers buy or short sell signals based on recurring patterns and adapts strategies to current charts. Users can test Holly’s suggestions in simulation mode.
- Brokerage Plus: This feature allows members to create custom scans and place automated trading orders. It offers a semi-automated experience with the option to place entries manually, providing more control.
- Market pulse: This unique feature provides a comprehensive view of positive and negative market events in one window, enabling traders to gauge market sentiment at a glance.
- Live Chat Room: Users can participate in the live trader’s chat room, even without a Trade Ideas subscription. This moderated discussion group allows for additional ideas, insights, and occasional live presentations of investment opportunities.
- Chart Windows: The Chart Windows tool enables users to evaluate alerts without leaving the Trade Ideas Pro site. It allows for the viewing of chart patterns and the addition of price alerts directly to selected charts, making it a convenient tool for stock ideas and research.
- Channel Bar: Trade Ideas introduces a unique feature called Channel Bar, offering thematic channels dedicated to specific market environments such as cryptocurrencies, technology stocks, biotechnologies, and swing strategies.
- Real-time alert streaming: Trade Ideas offers real-time alert streaming, providing instant alerts that reflect market conditions “here and now.” Users can customize these alerts based on specific criteria to make quick trading decisions.
- Favorite stocks: Users can mark their favorite assets with a heart icon, which adds them to a separate chart on the “Stocks I Like” channel. This feature includes built-in filters and statistics to summarize trading experience and adapt to user preferences.
- Single stock window: In the window dedicated to a selected stock, users can click the “Similar” button to access a list of competitors in the same industry or stocks traded under similar principles. This feature facilitates portfolio expansion within one trading strategy.
- Brokerage services: Trade Ideas’ Brokerage Plus trading platform can be integrated with other brokers, allowing users to trade directly from charts or alert windows. It offers access to statistics, performance charts, and the ability to use the platform for automated transactions.
Trade Ideas pricing
Trade Ideas offers two account levels. The Standard Plan is available at $118 per month, providing traders with features such as a live trading room, real-time streaming trade ideas scanner, simultaneous charts, chart-based visual trade assistant, price alerts, and access to curated channels of ideas. Subscribers can also opt for an annual subscription priced at $999, which translates to $84 per month and offers a significant cost savings.
The Premium Plan is priced at $228 per month, offering advanced features like AI virtual trading analyst Holly, chart-based AI trade assistance, risk assessment, point & click backtesting, and advanced auto trading with Interactive Brokers.
Opting for the Premium Plan also unlocks exclusive features such as Brokerage Plus integration, making it a comprehensive option for traders seeking advanced tools and capabilities from Trade Ideas.
An annual subscription for the Premium Plan is available at $1,999, averaging out to $167 per month and providing substantial savings of $737 over the course of the year.
This Trade Ideas coupon code will help you save money on your membership fees.
Final thoughts
Trade Ideas proves to be a powerful and versatile tool for traders seeking real-time trade ideas, advanced scanning capabilities, and AI-driven analysis. With features like Holly, the AI virtual trading analyst, and the ability to customize scans and alerts, Trade Ideas offers a comprehensive solution for traders at various levels of experience.
To experience the power of Trade Ideas for yourself, click here to sign up and explore its wide range of features and benefits.
