Trade Ideas Stock Scanner

Full Trade Ideas Stock Scanner Review

Trade Ideas is a novel way of making financial decisions. The company’s software incorporates Artificial Intelligence in addition to many windows displaying the trading day’s main movements.

It monitors the markets and makes recommendations for both short-term and long-term investors.

Trade Ideas Stock Scanner is best for:

• Dedicated and active traders
• Intra-day traders that trade pre – market, normal market, and post-market hours
• Swing traders who use longer time frames
• Momentum and chart-based traders

One of the most successful standalone scanners on the market is Trade Ideas. The platform has various built-in scans identifying unique trading opportunities in real-time.

Please read our full Trade Ideas Stock Scanner Review to know why this is our best choice for any stock trader who wishes to leverage AI.

What is Trade Ideas Stock Scanner?

Trade Ideas was formed in 2003 by a group of FinTech entrepreneurs to assist individual investors and intra-day traders in catching stocks in real-time. Scanners for stocks and options control a huge amount of data and filter out stocks worth following daily. Trade Ideas is a web-based technology tool that delivers stock market profit opportunities and recommendations.

Get Started With Trade Ideas Stock Scanner

Learning to Use the Platform

Although Trade Ideas is a powerful platform, it’s known for being quite complex and hard to navigate (especially if it’s your first time using the platform). Fortunately, Trade Ideas recognized this common issue and now offers a few different education resources for newer traders to utilize.

Many of the key features—such as the ability to sync the AI with your favorite online brokerages—are too complicated to explain in a short article. However, you can likely find the answer(s) you’re looking for in the “TI User Guide,” a comprehensive guide to Trade Ideas. If not, we recommend checking out TI’s video trading courses.

However, some users won’t have any issues using the software; it’s their day trading strategies that they want to improve! Not to worry: Trade Ideas offers Daily Support Sessions and Daily Webinars, which could offer the answers you’re looking for. If you can’t find them there, you’ll likely be able to find the answer somewhere on TI’s expansive “Training & Educational Resources” page.

Trade Ideas Stock Scanner Features

Trade Ideas also comes with several extra features and tools to make the user experience even better.

Brokerage Plus

Users with Interactive Brokers accounts can use this feature to create scans (using either prebuilt scans or custom scans), develop trading strategies, and execute automated trading orders. You can also choose a semi-automated experience, in which you place entries manually, giving you more control. Meanwhile, Trade Ideas has a history of limiting the quantity of Brokerage Plus licenses available. In Q1 2019, for example, licenses were limited to 1,000.

Live Chat Room

Even if they do not have a Trade Ideas subscription, customers can log into the live trader’s chat room to participate with the support team and trading community. Additional ideas, insights, and occasionally even a live presentation of investment opportunities can be found in the moderated discussion group.

Chart Windows

Rather than using separate platforms for research and alerts, the Chart Windows tool allows users to evaluate an alert without leaving the Trade Ideas Pro site. Depending on the membership package, users can view 10-20 chart patterns and add price alerts straight to selected charts. In comparison to a dedicated charting software like TradingView, customers should not expect a large number of technical indicators. Instead, they should use this as a tool for stock ideas and research.

Trade Ideas Stock Scanner Pricing

Trade Ideas users can pick between two account levels, each with its unique pricing structure. Both choices can be paid monthly or annually, with the latter offering savings of up to $468. Trade Ideas also offers discounts with promo codes occasionally.

Trade Ideas Standard

Although it doesn’t offer as many features as the premium subscription, the Trade Ideas Standard plan is nothing to scoff at. You can purchase the Standard membership via an annual subscription or a monthly subscription. On a month-to-month basis, this membership will cost you $118 every month. Fortunately, you can reduce these fees if you pay $999 upfront for an entire year of membership (which comes out to $84/month).

The standard plan offers many features that active day traders will enjoy, including stock screeners, real-time simulated trades, real-time streaming trade ideas, price alerts, and access to the live trading room. Standard members also have access to a Chart-Based Visual Trade Assistant (which may present them with some unique trade opportunities). This plan offers plenty of tools for experienced traders who prefer to manage their own money, but the retail trader who wants to take advantage of AI integration with Brokerage Plus will have to opt for the Premium plan instead.

Trade Ideas Premium

If you want to get the most out of this powerful tool, then you’ll need to subscribe to the Premium plan. However, gaining access to exclusive features like Brokerage Plus isn’t cheap. Like the Standard plan, there are both monthly and annual subscription plans offered for Premium subscribers.

Currently, a monthly subscription will cost you $228 per month, whereas the annual plan averages out to $167 per month (or $1,999 for the entire year). Although this is certainly a large investment to make upfront, we highly recommend opting for the annual plan, as this will save you $737 over the course of the year.

As one might expect, the Premium plan offers all of the benefits included with the Standard plan (plus more!). Besides gaining access to Brokerage Plus, premium subscribers can also run up to twenty simultaneous charts, backtest trade ideas, run risk assessment checks, and take advantage of Trade Ideas’ proprietary AI trading assistant, Holly.

Holly AI

Trade Idea’s proprietary AI trading software and stock screeners all fall under the name “Holly AI.” However, there are actually three different versions of Holly AI: Holly Grail, Holly Neo, and Holly 2.

• Holly Grail is the original version of Holly AI. It currently allows retail investors to fully automate and execute 50 unique trading strategies.
• Holly Neo is actually the second version of Holly AI, and—although it currently only supports two trading strategies—it takes an aggressive investing stance by focusing on stocks that have recently made the news and/or have a high trading volume.
• Holly 2.0 is actually the third version of Holly AI, but it was programmed using all the trading data from machine learning (thus, Holly 2.0!). Currently, Holly 2.0 can execute eight unique trading strategies.

Each iteration of Holly AI is a powerful option for fueling future investment strategies on your choice of compatible trading platforms, but remember: AI trading is not profitable 100% of the time. Like conventional investing, AI trading still involves risk, so you should keep a close eye on any fully-automated trades that are being made. If fully automatic trading doesn’t sound like a great idea, you’ll be happy to learn that Brokerage Plus offers a “semi-automatic” trading experience (which sets up trades but requires approval before execution).

Get Started With Trade Ideas Stock Scanner