These days, traders can’t get far in the stock market without a reliable stock screener. However, sifting through all the data can feel like an endless endeavor.
The Trade Ideas scanner is one of the best tools that can help you out. It’s an AI-driven stock screener that automatically finds new trade ideas and setup opportunities.
Having been established for more than ten years, it’s definitely one of the greatest options today.
Our Trade Ideas full review puts this revolutionary system under the microscope to see if it’s really worth buying.
Stock Scanners: What Are They?
Stock scanners are extremely helpful tools for traders. If you’re a trader and you’re not using one, you should be. They can save you a lot of time researching stocks and observing charts.
You can use scanners to search through thousands of different stocks to find stock options that fit your criteria. Scanners are totally customizable, so you can adjust them to fit your investing style.
For example, let’s say you’re searching for value penny stocks with solid revenue growth. You could set a screener for:
- Price: Under $5
- Price-to-Book Ratio: Under 3.0
- YoY Revenue Growth: Over 10%
The possibilities are limitless. However, some screeners are more powerful than others.
Some high-quality screeners offer free versions of their tools, but the free variants are almost always stripped of some of their functionality compared to full ones.
When it comes to great results in trading stocks, you can’t really get a super valuable tool for free.
Trade Ideas Review: Scanner
Before we can dive into our Trade Ideas review, let’s start with the basics. What is Trade Ideas?
Trade Ideas is a sophisticated stock screener and research platform that offers a host of unique features that most screeners can’t match.
It doesn’t just screen for stocks, it uses artificial intelligence to point you towards the trade opportunities with the highest statistical likelihood of success. That’s in real time.
Sifting through stocks can be an overwhelming task. Poring through financial data is tedious and time-consuming.
It can take hours to make sense of all the available information, observe the stock price, and other processes like backtesting.
If you’re new to stocks, it can be downright confusing. The sheer volume of data is so enormous that it’s impossible to peruse every detail without help, even for pros.
That’s why the Trade Ideas scanner is so effective. It combines the research utility of a screener with advanced AI-based analytics to help you find many new stock options in real-time.
Most screeners just put the data and charts in front of you, but Trade Ideas helps you make sense of it all through alerts and features. And as mentioned, it has the powerful Holly AI.
There are actually 3 different Hollys.
The first Holly is called the Holly Grail. As the name suggests, it’s considered to be the Holy Grail of financial technology, the Holly Grail successfully ran for two years until eventually the Holly 2.0 and the Holly Neo came out.
Who knows what’s coming in the years to come?
The Trade-Ideas scanner settings are totally customizable. For example, the channel bar allows you to organize your chosen themes like premarket, after hours, cryptocurrency, and the like.
Just being able to have this option in the channel bar makes it easier to use, even for those doing it for the first time. Plus, the channel bar graphics are self-explanatory too.
The software monitors the market in realtime so you can get actionable trade ideas that you’d never find with a regular scanner. It also includes pre-built scans that are programmed to discover the best setups.
Since it works in real time, it’s a great day trading scanner. It’s also an excellent pre-market scanner. However you want to use it, Trade Ideas scanner settings can be adjusted to fit your needs and trading strategies.
The scanner software is impressive, but we’re going to break this review down feature by feature.
Charts for Stocks
Trade Ideas users can access charts right inside the app. Depending on your subscription, you can view up to 20 charts at once, right inside the platform.
Keep in mind, this isn’t a charting platform, so you will probably still need to rely on your primary charting app for more advanced charts research.
However, the charts are serviceable and it’s convenient to be able to pull them up from within the platform.
Trade Ideas Strategies
The TI software also has built-in trading strategies and scans that can help traders find ideal setups.
Plus, you can also adjust a strategy to fit your preferences.
The built-in options range from basics like premarket gap scans to complex technical parameters like “Short Overextended Up Move for 45 Minutes with 67.7% success”.
Users can tweak all these settings, so the possibilities for great results are practically endless.
Real-time Trade Alerts
When a stock hits one of TI’s screens, the results show up the alerts section. This section is fully customizable, so you can change the layout to fit your preferences.
You can also set up your preferences for alerts and filters. Users have access to all the usual quote information, like current price, daily gain/loss, and more.
Trade Ideas even analyzes StockTwits data to produce a sentiment score.
Alerts make it easy to access results and the best trade ideas strategies on the go, so you can maximize their effectiveness.
Should you want to view your previous alerts, simply scroll down the alert window and you’ll see a history of your alerts.
Through chart windows, you can confirm alerts without leaving the Trade Ideas platform. Yes, you don’t have to leave the platform just to view alerts.
Unfortunately, TI doesn’t have any built-in news streams available for you to use, but that’s not a major problem. After all, TI isn’t intended to be a stand-alone stock trading system.
It’s a research platform that works best in conjunction with another brokerage platform.
There are plenty of tools that can help you monitor the latest stock market news, and thus help you form the right strategy.
Most brokers have some kind of news scanner included on their trading platform, so check with yours to see what they have available.
Trade-Ideas also comes with valuable educational tools that can help every trader improve his trading skills and strategy.
Trader education is a lifelong process that takes years to perfect, so traders can get something out of these valuable resources.
TI has dozens of educational videos available on their YouTube channel, and there are even more helpful guides available on the website.
Each and every resource is organized to be very user-friendly and easy to understand, so it won’t take long to get a good understanding of how everything works.
Trade Ideas Chat Room
Active traders might want to consider joining the Trade Ideas chat room, where they can share and interact with a community of like-minded traders of all skill levels.
It’s good for bouncing your ideas of other traders and picking up new ideas.
Being an active part of an investor community can help you make smarter trades, so chat rooms are an excellent resource for any investor who wishes to improve their strategy.
TI subscribers can also access a catalog of on-demand videos and live webinars that cover a variety of investor education topics.
Every week, there are several live webinars to choose from, and you can access recorded versions at any time.
If you really want to dive into trader education, you need to check out Trade Ideas University.
These video courses provide valuable insights that can help you get the most out of the platform. If you watch them all, you’ll be well on your way to successful trading.
Trade Ideas Broker Integration
TI users have the option to connect their broker so they can input orders directly from the platform. Connecting your broker eliminates the need to switch back and forth between TI and your broker’s trading platform.
It’s easier to concentrate on your research and quickly implement trades.
It’s especially helpful for day traders who have to make split-second decisions.
Can I Use Any Broker With Trade Ideas?
No, not any. However, Trade Ideas can connect with Interactive Brokers and eSignal.
Trade Ideas Pro
For a few extra dollars per day, you can upgrade to Trade Ideas Pro. This premium version includes all the basics, plus a few premium extras. Here’s what you get when you upgrade to pro.
Backtest Your Trades
If you decide to upgrade to Trade Idea Pro, you can also get unlimited backtesting via TI Oddsmaker.
You can use Oddsmaker as a backtesting tool to examine all of your trade ideas hypothetically so you can see the potential results.
Simply input the entry and exit criteria of any strategy like long/short and stop loss. You can also adjust things like share size and starting equity.
Afterward, Oddsmaker will tell you the success probabilities of your strategy. Use it to play around with any strategy and test how the changes affect your results and profit.
The Oddsmaker is a great way to take your new trade strategies on a test run before risking your hard-earned capital.
AI Stock Trading Software
Pro also includes access to Trade Ideas Holly, a revolutionary artificial intelligence engine automatically scans millions of data points to find trade opportunities.
This robotic stock picker uses advanced statistical analysis to pinpoint the highest-potential trades, so Holly stock picks are definitely worth paying attention to.
For the passive trader, it’s great to watch this AI trade in real-time rather than just looking at charts yourself.
Trade Ideas Holly Review
Holly actively tracks the market to find trades with the highest statistical chance of profit success.
It uses 35 long and short strategies to identify trades that historically average success ratios over 60% with at least 2:1 profit ratios.
It also looks at everything that is volume driven. Holly’s results are updated in real-time throughout the trading day, so you can track them throughout the session.
The system keeps working overnight, Holly scans millions of potential trades while the market is closed and assembles a list of strategies and stocks with the highest chance for success.
Holly’s list goes into the AI Strategies window, so users can follow them throughout the day.
Trade Ideas Holly Performance
So far, performance has been excellent. In 2016, Holly picks were up 52% by the end of the year, that’s over five times more than the S&P 500 index returned that year.
Trade Ideas Brokerage Plus
Trade Ideas Premium subscribers can also access TI Brokerage Plus. This revolutionary system allows users to fully automate their stock trades.
You can connect Holly to your broker, and then let it manage your portfolio automatically.
Once you connect Trade Ideas Broker Plus, your portfolio is pretty much on autopilot, and Holly will use millions of statistical data points to identify trades with the highest potential for success.
TI Brokerage Plus with Interactive Brokers
Currently, Brokerage Plus only supports Interactive Brokers accounts.
Hopefully, they’ll add more soon but, for now, you’ll have to open and fund an Interactive Brokers account to automate your portfolio with Brokerage Plus.
As of June 2019, basic TI subscribers can also access some Brokerage Plus features.
TI-Standard subscribers can connect their Interactive Brokers (IBKR) account and manage their portfolio through the TI interface.
Connected users can place trades, view a strategy, and manage positions directly from Trade Ideas. However, you’ll need a premium subscription to access auto trading and watch Holly AI’s trades.
Brokerage Plus Costs and Fees
To access fully automated trading with Brokerage Plus, you must have a premium Trade Ideas subscription.
Then, you have to purchase a lifetime license for fully-integrated Holly AI trading.
How Much Does Trade Ideas Cost?
The Trade Ideas platform sounds great, but what’s the price tag? In this section, our review will cover trade-ideas cost and value.
There’s no arguing that this platform offers an incredibly stockpile of resources but, for many investors who are trading on a budget, price is important.
Trade Ideas Reviewed: Standard Subscription
The first type of subscription is the standard one. It comes in two different forms, monthly and annual.
An annual subscription averages out to have a cheaper price than the monthly option, but it costs more upfront.
It costs only $2.90 per day for an annual plan, or you can purchase a monthly plan for only $3.90 a day.
In case you don’t have a calculator handy, that works out to $1068 per year for annual and $118 for monthly access.
Trade Ideas Reviewed: Premium Subscription
The pro version of Trade Ideas is more expensive, but it includes all the extras mentioned above, including access to Holly AI.
An annual subscription costs $6.20 per day, and a monthly subscription comes to $7.50. In total, that’s $2268 per year and $228 per month.
Trade Ideas Standard Vs. Premium
In case you forgot what each subscription offers, let’s rehash all the major points we’ve covered in this review.
Standard Subscription Includes:
- The best Trade Ideas strategies.
- Real-time Trade Ideas
- Simulated Trading
- View up to 10 Charts Simultaneously
- Chart Based Visual Trade Assistant
- Monitor up to 500 Price Alerts
- Share up to 10 Price Alerts
- Channel Bar – “Curated Workspaces by TI”
- Manage your IBKR portfolio in Brokerage Plus
- One-click Ordering with Participating Brokers
- Includes the Open Positions Tab
- Access to Live Trading Chat Room Hosted by Barrie Einarson
Premium Subscriptions Include
- All the features of TI-Standard, PLUS:
- View up to 20 Charts Simultaneously
- TI Holly Artificial Intelligence Trading Analyst
- Entry and Exit Signals
- Oddsmaker Risk Assessment
- Unlimited Price Alerts
- A.I. Trade Assistance Chart Integration
- Trade Idea Backtesting
- Autotrade on Interactive Brokers with Brokerage Plus
Fully Automated AI Trading with Brokerage Plus
If you want to let Holly manage your portfolio, you’ll have to purchase a software license for the integration program. Click Here to learn more about automatic trading with Holly.
Trade Ideas Reviewed: The Verdict is In….
The Trade Ideas premium stock scanner is one of the best options you can buy on the market.
It doesn’t matter if you’re a beginner or a seasoned pro, this platform offers tremendous value for traders of all skill levels.
A TI subscription might seem expensive at first, but if you plan on the platform’s full potential, it could easily pay for itself in a matter of days.
It’s definitely worth the price.
Veteran stock traders understand the importance of accurate and timely research, so a good scanner with features like this is an invaluable resource.
You’ve got chart windows, backtesting, alert windows, customization options, and more.
It’s a great day trading scanner among the many different options you see in the market.
If you’re serious about making money in the stock market, you need to consider purchasing a subscription to Trade Ideas.
Go to the Trade Ideas website and do some research yourself.
That’s it for this review, but remember that the best investment you make this year might not be shares of stock at all.
Trade Ideas can help you maximize your portfolio so give it a try with a free demo account today.