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What Is Trade Ideas (and What Can It Do For You)?
How To Use Trade Ideas To Trade Better
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 also 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, and then “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 every 30 seconds, so you will always stay up to date with the market.
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 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 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 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 shows 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.
There are also “Channel Bars” which you see on the left hand 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, Crypto, Volume, and more.
For example, “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 pre-market that might present a good trading opportunity for you.
What you can do is to 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.
Holly is the name of Trade Ideas Artificial Intelligence.
It consists of over 70 proprietary algorithms utilizing Trade Ideas’ uniquely derived data sets.
Holly performs over a million simulated trades across the 70 algorithms overnight before the market open the next day.
These simulations test values of key indicators as well as trading plan variables to identify trading probabilities.
Then, Holly applies 15 criteria to yield five to eight of the algorithms with the highest win rate and displays them in the AI Strategies Window every day before the market open.
What’s more, it also shows you exactly when to enter and when to exit.
Basically, it gives you a complete trading plan.
The best part about using A.I. is that it will probably make better trades than you because it manages trades without any emotions.
So, how do you use Trade Ideas Artificial Intelligence?
You can either follow the trade suggestions made by Holly the A.I. and executes the trades youself or you can have it Holly the A.I. to trade for you via Brokerage Plus.
Brokerage Plus is an auto- trading module within Trade Ideas enabling automatic, manual, and semi-automatic portfolio management and trading with your brokers such as Interactive Brokers.
Try Trade Ideas Demo for Free Now.
Odds Maker Window
OddsMaker is a back-testing and simulated trading platform that requires no programming or scripting knowledge and provides the following key features:
- Strategy visualization and analysis
- Performance simulation
- Equity curve for back-tested strategy
- Summary view customization
- Strategy comparisons
With Odds Maker, Trade Ideas make it very easy to backtest all your new trading strategies and also give you immediate visualization and analysis of your strategy’s simulated performance.
Upon running the OddsMaker, you will see your equity curve for the backtested strategy.
You can also customize the summary view to instantly see how your starting equity, share size, commission, and slippage will impact your trading.
Full Quote Window
Before you enter a trade, you might also want to check the fundamental data of the stock.
That’s what “Full Stock Quote Window” is for.
The Trade Ideas full stock quote windows let you see all of the fundamental data relevant to a stock’s price, including quick visual indicators to see where the stock is in its range for the last hour, trading week, and last 52 weeks.
Is Trade Ideas Worth It?
empowering traders with easy-to-implement risk management parameters that try to land its clients into one of three scenarios: 1) large winning trades, 2) small winning trades, or 3) small losing trades.