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As a trader, you want to find trade ideas with a high probability to win easily and quickly.
Speed is key when it comes to trading because you normally have a very short opportunity window to take the trade.
That’s why it’s essential to have powerful trading software that can help you scan the stock market and find your trade setups in real time.
So, is Trade Ideas a good artificial intelligence trading software?
What Is Trade Ideas (and What Can It Do For You)?
Trade Ideas is an artificial intelligence trading software that was founded in 2002 to help traders, investors and hedge funds scan through the market to look for profitable trading opportunities.
Let’s face it.
One of the biggest challenges as a trader is to have to look through the massive amount of market data (i.e. stock prices, charts, transactions, volume, news, etc.) and find profitable trade ideas to execute in a timely manner.
Today, there are thousands of stocks in the US alone.
How is it going to be possible for you to look through every single one of the stocks during market hours?
What about stock research after market hours?
It can watch each and every trade of every stock in the markets and notify you of your trade setups in real-time during market hours based on your pre-defined filtering requirements and also event trigger settings, so you can be the first to act.
When it comes to stock scanning, Trade Ideas has a wide range of fundamental and technical filters (i.e. over 200 filters) for you to choose from.
Here are just a few examples of the filters:
- Market cap
- EPS
- Below high of the day
- Above low of the day
- Consecutive up days
- Consecutive down days
Now, what is an event trigger?
An event trigger refers to a particular condition or a set of conditions being met.
Here are just a few examples of event trigger settings:
- 20 period SMA crossed above 200 period SMA (15 minute)
- 5 minute opening range breakout
- Head and shoulders
- Double bottom
- Double top
When the specified event is triggered, you will receive an alert in real-time.
So, you won’t miss any of your trade setups.
If you are into algorithm trading, Trade Ideas can help you design and back-test your trading strategy without any coding.
You can simply use its built-in filters and alerts to help you do that.
Once you have tested and optimized your strategy, you can auto-trade your strategies directly through your Interactive Brokers account.
Related: TrendSpider Vs TradingView Vs Trade Ideas Vs TC2000: Which Is The Best? [2025]
How To Use Trade Ideas
So, how do you use Trade Ideas?
Below are the most important tools inside Trade Ideas platforms that you will be using to help you find profitable trade ideas:
Top List Windows
So, what is a Top List Window?
What a top list window does is that it shows you all the stocks based on your pre-defined filters.
As a trader, you might want to trade stocks that are liquid and have a high trading volume, and you might want to trade a stock that is within a specific price range (e.g. above $5 and below $70).
Of course, there are a lot of other filters that you can choose from, depending on your trading strategy and style.
So, once you’ve selected your filters, the “Top List Window” will show you a list of stocks that satisfy your requirements.
In the “Top List Window”, you can also sort the data by columns such as price, volume today, and percentage change. ( by the way, you can customize the columns as well)
Lastly, Top List Window updates continuously, so you will always stay up to date with the market.
Recently, Trade Ideas introduced a new feature called “Car Racing”.
It turns any TopList from a spreadsheet to a visual stock car race, which makes it very easy for you to see which stock has momentum.
Create A Free Trade Ideas Account Now!
Alert Windows
So, what is an Alert Window?
How is it different from the “Top List Window”?
Both of them allow you to set filters.
But, there are two key things that make the Alert Window different from the Top List Window.
For the Alert Window, an event must occur for the stocks to show up in the window.
For example, Let’s say you want to see what stocks have made a new intra-day high, you can create an alert for this event.
So, only stocks that meet the criteria for this alert (i.e. have made a new intra-day high) as well as satisfied all your pre-defined filters will show up in the Alert Window.
There are a large number of alert events that you can choose from inside Trade Ideas Platforms.
Here are just a few examples:
- % down for the day
- % up for the day
- 75% pullback from high
- 25% pullback from high
- crossed above 200 day moving average
- crossed below 200 day moving average
- Double top
- Double bottom
Another difference is that Alert Window has time stamps and price stamps which show you the exact time when the event happened.
It also allows you to view the data in multiple time frames.
For example, it can show you all the events that satisfy both your alerts and filters in real-time, today, yesterday and other time-frames.
In short, “Alert” is a tool for designing and monitoring a specific strategy.
And it’s chronologically sorted, event-based notification.
Channel Bars
There are also “Channel Bars” which you see on the left side of the screenshots above.
So, what are “Channel Bars”?
Channel Bars are a menu for selecting layouts featuring Trade Ideas tools all of which are designed around various market themes such as Premarket, After Hours, Social, Trade the Gap, Swing Ideas, Volume, Unusual Options Activities, and more.
For example, the “Social Media” Channel Bar will show you a layout that features all the tools used to track and monitor interesting events based on the frequency of social media mentions and unusual mention activity.
Let’s say you want to know what stocks are getting mentioned at least 5 times more than usual on social media.
Then, you can set the social media mention filter, and you will see a list of stocks that meet your filter requirements.
Let’s say you want to know if there is anything unusual happening in the pre-market that might present a good trading opportunity for you.
What you can do is set the appropriate alerts and filters and find a list of stocks that meet your criteria.
For example, you might want to know if there are any stocks that gap up or gap down from yesterday’s close in pre-market.
Of course, you can also set additional alerts and filters to further narrow down your list of stocks to watch.
With this tool, you can make better trade decisions quickly and never miss a good trade.
The cool thing about Trade Ideas is that you can save your custom layouts and your alerts and filters, so the next time you don’t have to build everything from scratch.
Create A Free Trade Ideas Account Now!
Trade Ideas Holly Artificial Intelligence
First of all, there are three versions of Trade Ideas Holly Artificial Intelligence which are Holly Grail, Holly Neo, and Holly 2.0.
So, what is the difference between them?
Holly Grail runs algorithms that are mostly technical analysis-based.
For example, you will see popular trading strategies such as Fibonacci pullback, Breakout, Engulfing, VWAP Bounce, Topping Formation, Not A Double Bottom, Gap Up, and Gap Down.
Holly Neo only looks at stocks with high trading volume and are also in the news.
It runs two trading algorithms on these high-volume and news stocks:
- Breakout Long (or Short): Algorithm trying to take an early move in the stocks in the direction of the big move
- Pullback Long (or Short): Algorithm trying to look for stocks that are moving sideways before pushing higher again
Holly 2.0 is built from scratch using all the knowledge gathered from running machine learning artificial intelligence for years.
It runs about 8 algorithms each day, which include some very interesting trading strategies that are different from your conventional chart pattern-based strategies.
For example, one of the algorithms called “Bear/Bull Trap” is looking for a classic trap pattern where a stock will break the high of yesterday just barely and then start to reverse to force the other side to sell.
So, how exactly does Holly AI work?
In other words, how does it find high-probability trade ideas for you?
Every night after the market closes, Trade Ideas Holly AI runs backtests on their algorithms for the past 3 months.
Then, it looks at the backtesting results such as equity curve, risk-reward ratio, and drawdown, and subsequently optimizes the strategies.
There are over a million trade scenarios being run by Trade Ideas Holly AI overnight.
Once it has done that, it will take into account the current market condition and look at everything from fundamental to social.
In the end, five to eight trading strategies with the highest win rate will be displayed in the AI Strategies Window before the market opens.
If you want to get access to its AI signal and backtesting tools, then it would cost $254/month ( a standard plan without AI signals costs about $127/month).
Are Trade Ideas’ AI signals worth it?
Hmmm, there will definitely be winners because even if you toss a coin to determine whether a stock goes up or down, you have a 50% win rate.
So, can Trade Ideas AI help you generate CONSISTENT profits?
All I can say is that the ONLY known algorithm trading company (Renaissance Technology) with an impressive track record.
“From 1988 to 2018, Renaissance Technology’s Medallion Fund returned more than 66% annually before fees and 39% after fees”
It hired PhDs and computer science geniuses to crack the code and has been keeping its algorithm a TOP SECRET.
Yes, they WON’T let anyone know their trading strategy and they stopped taking outside investors in 1993 because they wanted to keep the winning system to themselves!
So, I am a naturally skeptical person.
If anyone wants to sell me AI-generated trade signals, I would wonder why they don’t want to keep it to themselves and trade it with their own money.
Wouldn’t it be easier to make money that way than selling their “secret” strategy to other people?
If you are into algorithm trading and have experience and expertise in this area, then a better way would be to get trading software that can help you design and backtest your trading strategy.
Odds Maker Window
OddsMaker is a tool that allows anyone, including traders with no programming experience, to backtest any trading concept to see if it has a statistical edge.
So, how does it actually work?
If you suddenly have a trade idea for the next trading day, you can use OddsMakers to test and optimize your strategy.
What is cool is that you can use a lot of its built-in filters and built-in alerts to “program” your strategy without coding.
For example, let’s say you want to test if the odds are in your favor when you want to short a stock that has fallen quite a bit today when it would break support the following day.
So, you can simply use the built-in filters like “previous day change” and built-in alerts like “support break” to create your strategy in a few clicks.
Once you are done, you run it using “OddsMaker”.
At the end of the back-testing, it will give you an equity curve to show you if the strategy has a good probability of working out or not.
What is more, you can use Trade Ideas‘ “OddsMaker” to optimize what parameters can change to further improve trading strategy results.
You can also customize the summary view to instantly see how your starting equity, share size, commission, and slippage will impact your trading.
Create A Free Trade Ideas Account Now!
Chart Windows
For a trader, charting is a very important tool to help you analyze a stock using technical analysis.
With Trade Ideas Chart Windows, you can visually confirm an alert instantly without leaving the Trade Ideas Pro platform.
Trade Ideas recently introduced a new chart-in-chart feature for traders who want to confirm trends in two different timeframes.
There are also a decent number of technical indicators for you to choose from.
However, if your trading strategy requires you to draw trendlines and use customized technical indicators, then TradingView or TrendSpider might be a better choice.
Single Stock Window
Before you enter a trade, you might also want to check the fundamental data of the stock, recent company news, and its competitors.
That’s what the “Single Stock Window” is for.
The Trade Ideas Single Stock Window lets you see all of the relevant fundamental data. You can even configure the Single Stock Window to fit your own trading style by adding data such as volume, price change, price range, and position in a time range.
Is Trade Ideas Worth It?
If you are a serious day trader, it’s worth investing in a good stock scanner.
Trade Ideas can help you do that.
If you want to design and backtest your trading strategy, Trade Ideas also allows you to do that.
However, I don’t think the AI signals are worth the money.
Also, it’s best to try out its platform and features and alternative platforms such as TrendSpider before you make a decision.
How Much Does Trade Ideas Cost?
- Trade Ideas Standard: $127/month or $89/month if paid annually
- Trade Ideas Premium: $254/month or $178/month if paid annually
Trade Ideas Premium Vs Trade Ideas Standard
So, what is the difference between Trade Ideas Premium and Trade Ideas standard?
Which do you choose?
- Holly the A.I. (i.e. give you A.I. trade signals)
- OddsMaker ( i.e. you can design and backtest your trading strategy without any coding)
- Auto-trading (i.e. you can have your trading strategies executed directly through your interactive broker‘s account)
- Risk Assessment
- Suggested Entry/Exit Signals
I don’t think it’s worth paying for the AI-driven strategies and signals.
So, for the standard plan, you are basically just paying for Trade Ideas’ stock scanner.
I would recommend that you try out all the different stock scanners (TrendSpider) before making a decision.
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