One of the top trading tools is Trade Ideas, a comprehensive financial tool that provides stock screening and scanning services, charting, education and automated trading. It’s a reliable platform that uses advanced AI technology to give real-time market insights and acts as a handy assistant to traders. 

In this Trade Ideas review, we cover all you need to know about this financial tool before you sign up. If you need stock analysis and screening services to help in your trading endeavors, then Trade Ideas is worth looking at. 

What is Trade Ideas? 

A Little bit of History

Trade Ideas.com is a financial tool that was launched in 2002 and provides stock scanning, automated trading and scanning services using advanced AI technology. It is a robust trading tool with extensive financial resources, a moderated chatroom and extra services. 

Trade Ideas was initially a market scanner when it was launched, but it is now a comprehensive trading platform. Now, it caters to over 50,000 traders in 19 countries, especially in the US and Canadian equity markets. It was co-founded by Dan Mirkin, an active day trader who shares his trades and ideas on Twitter. 

How Does it Work

Trade Ideas works with pre-formatted built-in scans, which help you uncover profitable trading opportunities. Users can easily configure Trade Ideas according to their needs. It also makes use of Holly Grail, an AI-powered robo-advisor engine that helps them analyze different potential scenarios. 

When you use the Trade Ideas software, the software will play out thousands of trading scenarios daily to find out the market relationships that have predicted outcomes. It identifies what’s working in up and down markets and informs you of what to buy, short, and when to exit the deal.

Trade Ideas supports multiple trading styles and includes robust guides and educational resources on how to use the platform. However, there are too many features available on Trade Ideas, making it hard for some to navigate the platform. That’s why Trade Ideas offers TI University. 

This service makes use of server-based technology that monitors every stock and ETF traded and constantly provides analysis with historical data. It has garnered a loyal customer base and is even recognized on the Inc. 5000 list of the Fastest Growing Privately Held Companies in the US for five consecutive years. 

Getting Started with Trade Ideas 

Trade Ideas is easy to use, although it does not come with a free trial. It might be hard to navigate the platform before you subscribe and commit. Instead, it has a free plan that allows users to access different market dashboards and core tools. You can use this to lay the foundation for your trading experience. There is also a Test Drive event held every quarter, which gives prospective users a few weeks of access to the platform. 

When you sign up on Trade Ideas, there are different ways you can practice with the platform. You can download a desktop version of Trade Ideas and use it on your Windows computer. But if you’re using Linux or Mac, or you don’t want to download the software, you can use the web-based version instead. There is no Trade Ideas mobile app.

Open Trade-ideas.com and click on Free Trade Ideas if you want to use the free platform. For the paid plan, visit the pricing page and click on Subscribe Now for the plan that you want. It will open a checkout page, where you need to enter your email address, account details, and method of payment. Trade Ideas is easy to navigate for beginners, and while the features appear overwhelming, there are different resources that you can use to better understand the platform.

Who Is Trade Ideas Best For? 

Trade Ideas is best for experienced traders who want trading automation and artificial intelligence-powered trading services. If you’re a day trader who wants to take advantage of new trading opportunities, then you can consider using Trade Ideas. The scanning features and AI-powered suggestions make it suitable for those who want to take advantage of short-term market movements.

Another set of people who can benefit from this service is swing traders, as the platform comes with tools and scans that help them identify opportunities based on market fluctuations and price trends. There is an Oddsmaker tool, which helps in backtesting and refining strategies.

Investors who prefer AI-powered trading can benefit from the Holly AI System, which offers trade suggestions and strategy optimization features. It offers traders an AI assistant to help in identifying potential trades and developing ideas. 

Algorithmic traders can also consider Trade Ideas. Traders who prefer algorithmic strategies can make use of this platform, which offers automated trading strategies based on real-time data. It allows traders to take advantage of market opportunities and find profitable trading opportunities. 

Active traders who don’t have a lot of time on their hands can consider the Trade Ideas scanner, as the platform is suitable for traders with busy schedules or those who can’t give all their attention to the stock markets. Its AI-powered tools, automated trading features and real-time alerts can help save time and streamline the trading process. 

Trade Ideas AI Review 

The highlight of this stock screener is the Trade Ideas AI, an artificial intelligence feature that is incredibly useful as an assistant for traders. The AI system is called Holly AI and is designed to look through a wide range of stocks and conduct real trades for the user based on some trading strategies. You might still have to monitor the automated trades, but it takes a lot of work off your hands and speeds up the trading process.

The Trade Ideas Holly AI has a successful track record. The system makes use of previous statistical patterns and publishes them as signals in the AI channel. When you’re ready to trade, Holly will let you know whether you should Get Long or Get Short. 

If you’re unsure about using AI for your trading, it might be comforting to know that Trade Ideas Holly has a track record of success. The platform ran a test trading portfolio to prove this from January 2020 to January 2022. It started with $50,000 and ended with $84,756.72, with a profit factor of 1.15. However, it’s important to note that the results will vary based on how you use the system. 

The Trade Ideas AI system will run different backtests and analyze the assets from different angles. Based on this research, Holly will provide traders with trade suggestions for the day. Also, Holly will only suggest trades that have a 60% probability of success. 

Holly Grail & Other Versions

There are different Trade Ideas Holly systems, depending on your needs, but the most popular option is Holly Grail. Others include Holly Neo and Holly 2.0. Each Holly AI comes with impressive features and trading strategies. 

Holly Grail is the original version of the Trade Ideas Pro AI, with 50 different trading strategies, including long and short. As for Holly 2.0, it comes with eight trading strategies, while Holly Neo is the latest version, focusing on trade volume, current events and short trades. It comes with two trading strategies, which are Breakout long and Pullback long. You can test the Trade Ideas AI system with simulated trading. 

Trade Ideas Essential and Advanced Features 

The Trade Ideas stock scanner comes with a wide range of features aside from artificial intelligent trading. From charts and backtesting tools to different trading options, there’s something for everyone who is using Trade Ideas. This section of the Trade Ideas review will cover what you need to know about the platform. 

Stock Scanner 

The Trade Ideas stock scanner is the highlight of the software, as it offers both customizable and prebuilt scanning features. It allows newbies to set up some configurations and start scanning at once. Some of the popular tools include Social Media Stream and 1-2-3 Patterns, which are plug-and-play stock scanners.

After a while, you can get used to the Trade Ideas scanner and start customizing real-time cans for good results. There are different scanner filters, including new high, new high ask, pre-market highs, post-market highs, new lows, new lows ask, pre-market lows, post-market lows and change from close. 

You can create your custom scans from scratch, but it will be time-consuming. So, you should consider the Market Explorer, which has prebuilt scans created by the Trade Ideas software. 

Charts 

TradeIdeas.com comes with charting tools that help you visualize your trading features. It offers comprehensive charting features, as you can open about 20 charts at the same time. This will benefit traders who want to compare different assets at the same time and analyze chart patterns. You can also adjust the timeframes, whether they are short intervals or longer patterns spanning months. 

There are different kinds of technical indicators that you can use on your charts. There are common indicators like Moving Averages, VWAP, RSI, and MACD, which you can add to your charts. Additionally, there are also annotation tools for note-taking on the charts. The only downside is that Trade Ideas has a limited number of charting indicators that can be limiting. 

Brokerage Plus 

The TradeIdeas scanner also comes with the Brokerage Plus feature, which is suitable for professional traders. It is a tool that allows traders to define their day trading strategies and trade using real-time data. You get automated trading tools, which allow you to set your trades to autopilot, and it takes a lot of work off your hands. But when using Brokerage Plus, you should be careful of automating your trades without checking them. 

The Oddsmaker 

The Trade Ideas software comes with a backtesting tool called the Oddsmaker. This is an invaluable tool that allows traders to test strategies before using them to trade. You can check whether a strategy is effective or not by applying it to the previous market data. So, to know how a custom scan or a strategy will work, you can use the Oddsmaker.

The Oddsmaker has an intuitive design that makes it stand out from any other backtester. It allows you to set the parameters like the duration, entry and exit times, and the risk management technique of the strategy. Once you run the backtest, you get all the metrics, including Average Gain/Loss, Win Rate, Projected Annual Return, Profit Factor, and Buying Power. 

Real-Time Stock Racing 

This is an innovative feature of the Trade Ideas software that allows you to visualize data easily. This impressive approach will make the stock trading experience simpler, providing users with an interactive way to view their stock performance. It will display the stocks as racing cars, making it easy to compare the stock performance in real-time. So you can view the winning stocks and make informed decisions.

Simulated Trading 

There is also a simulated trading feature on Trade-Ideas.com, working hand-in-hand with the AI and idea-generation tools on the platform. You can simulate the trading process easily and learn whether the strategy will work without using your money. The simulated trading feature is a good way to learn new skills and strategies before going into live trading. It will help you increase prospective gains and reduce risks. 

Market Explorer 

Another feature that makes Trade Ideas.com stand out is the Market Explorer. This feature gives users high-performance prebuilt scans, so you don’t have to customize it. If you don’t want to customize your Trade Ideas scanner or you want to get started quickly, you can consider Market Explorer. It also includes the Alphatrends Anchored VWAP scans and an automatic drawing add-on for a better market experience. 

One Click Trading 

Trade Ideas also has a one-click trading feature which allows users to trade stocks within a chart window. You can click and drag the buy and sell markets to execute a trade immediately and efficiently. You don’t have to go to a separate trading platform to carry out your trades. So, it makes the trading process much easier. 

Compare Count Window 

This is a feature in the Trade Ideas app that allows users to compare two strategies simultaneously and side-by-side. The Compare Count Window offers a split screen, which will give you real-time updates on the strategies so you can check which one is performing better. This is a pretty valuable feature that allows traders to adjust their strategies and make better decisions after reviewing the data. 

Pre-Set Channels 

When setting up your Trade Ideas software, you will benefit from the pre-set channels called the Channel Bar. This is an important feature that comes with 48 pre-set layouts for different trading sectors and themes. This reduces the hassle of customizing the platform. 

There are different pre-set channels, which include:

• Pre-market identifies stocks that go through significant shifts before the market.
• Explosive winners display stocks with significant gains, such as daily or weekly. 
• Short squeeze is a good option for identifying potential stock squeeze stocks.
• Penny movers are suitable for those who trade penny stocks and point out dynamic penny stocks.

Other themes include crypto, after-hours, volume, and social. You can save some of your layouts as personal channels, so all you have to do is refer to them later. These channels are optimized to give all users quick access to important market information. The channel’s feature is suitable for experienced traders or beginners. 

Full Quote Windows 

Another feature is the full quote windows, which provide users with all the important data related to the price of a stock. The windows have quick visual indicators that will show how a stock has been performing for the past hour, week, and even the past 52 trading weeks. You can check through the historical trends and make better trading decisions. 

Idea Surfing 

When a new member first opens the Trade Ideas software, they see a feature called idea surfing. The highlighted stocks in all the channels of Trade Ideas will be displayed and changed regularly. This helps investors learn more about the stocks that they can start investing in and take the first step.

It’s usually hard to get started with trading stocks, which is why this feature is important. Trade Ideas will show you stocks without having to do anything. 

Real-Time Streaming Alerts 

The foundation of Trade Ideas is their real-time alerts, which are constantly streaming. There is a window which shows you different events related to stocks, and it comes with their timestamp. You can set up the window to look for whatever you want, and it allows you to see information before the competition. 

You can also receive alerts through email. Trade ideas will deliver different strategies to you through email. You don’t have to worry about information overload with the email alerts. 

Stocks I Like / Stocks Like This 

Whenever you see a chart in Trade Ideas, there will be a Heart icon. This icon allows you to add stocks to a different channel called Stocks I Like. This way, you can locate stocks later without them getting lost in other stocks. 

Another window that you can consider is Stocks Like This, which allows you to instantly see the stocks following a similar pattern to the stocks that you are viewing. You can also see the industry competitors of the stock. 

Risk and Reward 

Trade-Ideas.com also comes with a risk and reward feature. Whenever you look up a stock, the software will present you with the risk and reward levels based on how much you wish to buy. You can visualize the stop loss and profit target levels based on your settings, like $0amount, %-risk, or the number of shares being traded. There are personal preferences that you can also set. 

MarketScope 360

Another innovative feature from Trade Ideas is MarketScope 360, which is a robust dashboard that comes with different features, including the stocks gaining the most, intraday charts, decliners distribution, leading stock indices and other information. It’s a good way to see all the trades in one place. 

Trade Ideas University and Training Resources 

Our Trade Ideas review also covers the training aspect of the platform. Trade Ideas offers different resources that you can use to learn how to use the platform and other aspects of trading. It also gives you good access to a wide community of traders, so you can learn more from others. 

Chat Room 

The Trade Ideas chat room is one of the best features of the platform, and it is free for registered and non-registered users. You can enter the chat room to learn more about the software and talk with other members of Trade Ideas. It is open on most weekdays from 9 am to 3 pm. After trading closes for the day, you can view the post-market recaps. 

During the day, the moderators will share helpful information, like trades, patterns, and set-ups. There are about 400 active traders in the room every day. However, registered users might find the chatroom too lax since users who didn’t sign up can also join and get information. 

TI University 

When you subscribe to Trade Ideas, you get access to TI University, which has a robust selection of instructional videos and tutorials. Based on real-world archived events, the training videos will give information on why particular trades are made and how they bring profit. 

TI University comes with instructional videos and trading courses for everyone, whether you’re a beginner or an experienced trader. Aside from teaching you about trading, it also offers information on how to navigate the Trade Ideas software and get the most out of the features. 

There are also one-on-one training sessions available, which are suitable for traders who want to learn more about how to invest in stocks. There are over 8000 users subscribed to TI University from 65 countries. 

News 

Another feature of the Trade Ideas app is the news section, which allows traders to stay up to date with relevant news. Learning more about the latest news in the trading market makes it easy to make trading decisions. The new feature is located in a stock window tab, giving users access to the latest news affecting their preferred stocks. 

Trade Ideas Swing Picks 

When compiling the Trade Ideas review, we also discovered the Swing Picks feature. This is the alert newsletter feature that acts as a stock-picking feature. It gives subscribers access to five new trade ideas every Sunday after signing up for $17 per month. 

The email newsletter is provided by Michael Nauss, a professional who uses his technical knowledge and experience in quantitative and algorithmic trading to provide users with important information. Michael also discusses different topics in the subscriber-only webcasts like quantitative analysis, how to use technical analysis and relative strength. 

Trade Ideas Plans and Cost 

Trade Ideas comes with one free plan and two paid plans. On the paid plan, you only get the web dashboard, and all the data flows have a 15-minute delay. The free plan only offers one chart on the screen, while the layouts, scans, screeners, and windows are prebuilt. As for the chart types, there is only Candlestick PiP, and the exchanges available are US stocks alone. 

Standard Plan

The standard plan goes for $84 per month with annual billing and is suitable for traders who need key functionalities. It offers real-time data, pre-market data, and after-hours data during specific times of the day. It also comes with ten charts. While the plan is fairly robust, it does not have some important features like Trade Ideas Holly AI.

Premium Plan

The Trade Ideas premium plan offers more advanced features like backtesting, pattern recognition, AI trade assistant and smart risk levels. The Trade Ideas scanner cost for the premium plan is available at $167 per month with annual billing, and it comes with every tool and feature that you might need. It also features automatic trading, RGI/GBI windows, and more exchanges and instruments. 

Standard vs Premium

Both the Standard and Premium plans come with real-time trading ideas, curated workspaces, live trading, price alerts, charts, and simulated trading. But you get better features with the premium subscription, like the AI and backtesting feature. 

Trade Ideas Online Reviews and Transparency 

Trade Ideas reviews are usually positive, which would be encouraging for those who are considering signing up.

On Capterra, Trade Ideas has a rating of 4.6 out of 5, with 25 reviews. Most of the Trade-Ideas reviews celebrate the platform for being intuitive and easy to customize. 

As for TrustPilot, Trade Ideas has a good rating on the platform. From 13 reviews, it has a rating of 3.3 out of 5. 

Although there are not a lot of reviews on Trade Ideas as you would expect, they are mostly positive and praise the platform for being intuitive and easy to use. 

Trade Ideas Customer Service 

One of the traits praised in Trade Ideas reviews is the quality of customer service. Trade Ideas features reliable customer service, which is provided between 8 am and 5 pm EST. Users can contact the customer service through phone, live chat and email. You can also submit a detailed support ticket on the website. 

If you don’t want to communicate directly with the TI team, you can read the FAQ section, which includes features on the platform. You can read through the FAQ section, which has different resources, introductory videos, training classes, trade education and more. This information is provided to beginners and experienced traders. 

It is clear that Trade Ideas is focused on providing reliable customer service, as they offer detailed responses to questions. They will not only help you troubleshoot but also offer tips and ways to use the platform easier.