There are many good stock screeners on the market, each with its own unique features. The built-in market scanner offers some of the basic functionality of a stock screener but lacks speed and customization options. Among the famous stock screeners, Trade Ideas is the best stock screener for day trading and offers unique functions and features. In this article. Yenmachvang guides you through all the functions and provides in-depth background insights on Trade Ideas review 2021
What are Trade Ideas?
Trade Ideas LLC is the company behind the Trade Ideas platform built by Dan Mirkin and Philip Smolen. It was founded in 2003 and is headquartered in California, USA. Trades Ideas builds its image with the mission of helping clients achieve their goals of making money in the financial markets. Especially, it offers superior stock screening technologies to make it more efficient
Stand out from the competition in trade automation, simulated trading, and AI features. As well as being able to trade automatically through Brokerage Plus, trading strategies, scanner settings, alerts, and filters. They are integrated into Trade Ideas Pro.
The achievement is extremely remarkable with 4 consecutive years appearing in the list of 5,000 fastest-growing private companies in the United States.
Trade Idea’s Features
The scanner works in real-time and scans all stocks on NYSE, Nasdaq, AMEX and has around 500 built-in filter settings and trading alerts. Trade-Ideas has a huge database and suites filtering is implemented in-depth.
Day traders need a scanning platform to find stocks that meet their requirements and criteria quickly. And Trade Ideas is capable of doing that. The tool will quickly find stocks that correspond to the desired user custom filters.
Trade-Ideas Pro Scanner Layout Basics
Each layout is available in a separate window type. You can select them in the TI platform in the “New” navigation.
The most commonly used warning window. It is sorted in a list with time, price, stock symbol and all other details you want to add as columns. In addition, you can go back in time to see historical trading alerts.
2. Top list
When asking for a popular top list scanner. It will show the top ones in the top list. You can choose which columns to sort by the data in them depending on your preference.
Multiple strategies and scan results can be displayed in one trading window. When the scanner displays the results in a column named strategy, they will sort the alerts quickly. Every alert has a separate line and can be color-coded for easy identification by traders.
4. Single stock
Stock quotes window provides clear information about short float, today’s range, market cap, volume, news, insider trading, and similar stocks in the same industry.
5. Compare count
You are free to define the criteria for the analyzer. But this time the standards will compare new highs with new lows across all stocks. From there, you can determine the overall bullish momentum quickly.
Trade-Ideas charting supports many different timeframes and indicators. You can also set price or trade alerts right from the chart.
7. Price alert
The price alert window helps the trader to have an overview of the stock market. It includes warnings about long and short selling
8. Channel Bar
Some frequently used tools like Holly Scanner, Stock Wall Street Bests, psychosocial scanner, SPAC and EV scanner. Especially you can scan futures contracts of small exchanges, NFTs, cryptocurrencies, etc.
You can select your preferred pre-configured screener from the TI channel bar. Furthermore, modify each TI window based on your preferences to tweak and customize it however you want.
9.AI Holly Strategy
AI Holly is an algorithm-based scanner that identifies trading opportunities and tracks the performance of each trade to help traders capture the stock market.
10. Premium RBI and GBI
Barrie Einarson, who runs the Trade Ideas chat room, uses RBI and GBI scanners to trade successfully. I show you how to scan for gaps, breaks, relatively high volume.
Trade-Ideas Gap Scanner
Distance trading strategies belong to the most popular day trading strategies. The price difference between the previous closing price and the opening price is called the price gap.
Trade-Ideas Momo Scanner
A momo scanner is a momentum scanner that identifies high volatile stocks. Price volatility along with high relative volume often allows day traders to get in and out of a trade. Besides, it executes trades quickly and slips low even with high stock sizes.
Trade-Ideas Momentum Scanner Settings
Install the TI momentum scanner and the scanner example results:
Trade-Ideas Breakout Scanner
Breakout scanners identify stocks that break out of a particular price range. For example, this could be a breakout of the previous day’s high. and the scanner example result:
Trade-Ideas Bull Flag Scanner
Bull Flag Scanner can only define alerts and filters for storing results as it is not directly available round Trade Ideas Pro. For example, combine alerts like the Fibonacci 38% Buy Signal, New High, or the Crossed Above Resistance alert. Then there will be a warning for strong stocks in or near the breakout resistance level. The image below proves it:
Trade-Ideas Relative Volume
We can identify particularly high relative volume stocks, low relative volume, or any other correlation pattern thanks to the volume filter. It helps to determine such volumes as soon as they collect and report the data results. Here is an example of a filter with the following results:
Trade-Ideas Options Scanner
Trade-Ideas is actively used by traders to help analyze the relative option volume and deal rate of the day. In particular, it helps to scan US-listed stocks based on collected reports and transaction filters.
You can scan the market for a single trade Trade-Ideas alert or a combination of signals in a multi-strategy window.
The Trade Ideas Filters focus on the messages with the highest probability of winning making them easy to follow. When the market is trending up, and there are many warning signals every hour making it difficult to track and manage them. That’s why the Trade Ideas Filters helps you reduce the number of alerts but improve the quality of all signals.
When using Trade Ideas, you won’t need to write any lines of code even custom formulas as pre-configured scans and standard scan selections will generate hundreds of other scans.
What’s more, traders can configure up to 100 individual scans and can access those custom filters and alerts in Trade Ideas Pro.
Trade-Ideas Test Drive
It takes place 5 times a year and users can test Trade Ideas Pro for two weeks during the Test Drive, paying only $11.11.
Trade-Ideas AI Review
Hedge fund institutions rely on artificial intelligence using trading algorithms so that all operations are carried out with efficient frequency. The Holly generator serves retail traders who mistakenly identify trading strategies with the highest profit potential.
Private traders and institutional investors trust the Trade Ideas Holly tool. It will do all the work for you one day after the transaction closes.
Trade-Ideas Holly Performance
By opening your favorite AI channel from the channel bar you can easily check the performance of Trade Ideas. It shows all the trades made with entry time, symbol, entry, exit… It is called by some traders AI Holly Grail.
Trade-Ideas Charts verifies trading alerts in different timeframes and with different trading indicators. You can optionally draw lines, arrows, and notes in the chart to facilitate analysis.
Odds Maker is a feedback tool that allows you to visualize strategy trading performance for any trading strategy and its variations. It works and gives results in seconds to help you test how well the trading strategy works in the current market.
You have to test pre-configured strategies or completely new ideas. You can define strategy alerts, filters, and even stock symbol lists if you want.
Odds Maker requires no programming or coding knowledge but must test pre-structured strategies or new ideas. Especially modify the retest parameters through a simple click and release of the mouse.
Trade-Ideas Brokerage Plus Review
One of the newest features of Trade Ideas is Trade Ideas Brokerage Plus. Through it, a buy or sell order can be created whenever a new trade alert appears.
Pay special attention that you need to test many times before using real money to avoid risks. This is a simple install but due diligence is required before automating order routing.
Trade Of The Week
You will also receive notifications when new discounts are available. Trade of the week provides helpful charts and tips to help you identify trade setups with Trade Ideas Pro. Some of the most recent successful stocks are EBAY, PAAS, PTON, and PYPL.
Trade-Ideas Review Summary
In particular, when using Trade Ideas Pro we do not need coding knowledge, which is very helpful for beginners. Not only that, but Trade-Ideas also offers a free trading room, free training sessions, and detailed video tutorials to help you understand the functions easily.
Trade-Ideas regularly adds new features and has a good reputation on the internet. Trade-Ideas belongs to the fastest growing companies in the US and it is well worth the cost.
- The most powerful stock market scanner for day trading
- Trading and scanning signals based on Artificial Intelligence
- Trading room with real-time intraday trading desk sharing
- Scan over 8,000 stocks and ETFs in real-time
- Extensive customer support
- Broker API and simulated trading
- Only US and Canadian markets are supported
- Automated trading is currently only possible through the Interactive Broker (TD Ameritrade compatibility coming soon)
In this article, Yenmachvang introduced you to detailed information about Trade Ideas review 2021. Unique features are worthy of the best stock scanner for beginners. Hope you can learn a lot from these.