Trade Ideas is the most powerful tool for day traders to scan the stock market. The stock scanner helps traders to identify the best stocks based on over 500 different alert and filter types. The mix of pre-configured screeners and the flexibility with customization options make the software an excellent choice for beginners.

What Is Trade Ideas?

High-speed trade ideas generation and order execution are crucial for long-term success as a day trader. Broker-integrated market scanners provide some basic stock screener functionalities but lack in terms of speed and customization options.

Trade Ideas is the best stock screener designed for day traders and provides unique functionalities and features. But are the benefits significant enough to justify the cost?

The company was started in 2003 by a group of financial technology veterans who have been pioneers in the active day trading space since the 1990s. After Interactive Brokerage acquired their previous FinTech venture, they founded Trade Ideas and have never looked back.

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Trade Ideas Features

Below you will find all features and functionalities of the Trade Ideas platform with screenshots, insights and descriptions. Later in the review, we will explain the pricing model and show you how you can save money on your subscription.

Idea Surfing

When you first open Trade Ideas, the highlighted stocks in any of the channels will start to change by themselves. What is going on? This is called “idea surfing” – Trade Ideas is helping investors take the first step. The founders know how hard it is to just get started, so the software automatically starts to look through different stocks in the channel.

This means that without needing to do anything, Trade Ideas is already showing you stocks and situations that you probably would have otherwise not seen. Mousing over to a chart pauses idea surfing to let you investigate the chart further.

Real-Time Streaming Alerts

Imagine Twitter but on steroids and with a purpose. Trade Ideas streaming alerts showcase ideas right as they happen in real-time. Streaming real-time alerts are the foundational technology of Trade Ideas. While Trade Ideas has been around for over 20 years, there are still no real competitors to this technology. You can see the timestamp on each new event.

One window can be set up to see a stock on extremely high volume that is making a new 20 day high while crossing the 50 day moving average and a stock that just traded below its last week’s low after earrings. The platform is customizable. Users can set windows up to look for anything that they choose.

This streaming technology is the power behind the scenes that makes Trade Ideas a game changer, not just for the seasoned investor but also for the beginner. Now you won’t only be watching what everyone else is watching—you are going to be seeing information before the competition notices.

Stock Racing

How do you catch moves the others are missing? What if you were able to watch 10 or 20 stocks simultaneously, being able to compare their performance visually from a point in time when you started to watch them? Now you have a big advantage!

You really have to see this in action to truly get the full picture and power of this data visualization innovation!

Chart Based Trading

Chart Based Trading is one of the features showing how the designers of Trade Ideas are active in the financial markets. Every time a new chart comes up, the Trade Ideas software assumes you might want to buy or sell the stock. So, it provides visual risk guidelines based on your typical behavior. There are visual Risk and Reward levels for every stock. Chart Based Trading Buttons are located right next to the customization menu for each chart. These buttons are linked to your Simulated Trading Account. When you click on a button, you send an order to buy or sell based on the chart levels. See how a stop loss is automatically generated for you once you press buy:

Event Based Backtesting

While some products like TradeStation and MetaStock have types of backtesting, only Trade Ideas lets subscribers backtest a strategy by having them ask questions. For example, is the 200 day moving average cross on stocks that you like a good stock market strategy right now? Is it systematic? Maybe, it is a better stock investment strategy to play the downside or shorting. In addition, unlike all alternatives today, trying to find what indicator works as a signal for a given stock, Trade Ideas tells investors what real-time event turns out to be a good Buy or Sell signal.

The feature is called OddsMaker. It enables users to visualize the strategy trade performance for every trading strategy and its variations in seconds without programming or coding knowledge.

Trade Ideas Holly Review – AI Powered Entry and Exit Signals

The Artificial Intelligence Trade Ideas named Holly is what truly separates Trade Ideas from the competition. The feature is available with the Premium subscription. Holly studies the trades of every stock, looking for statistical patterns that are repeating in the recent past. The Trade Ideas Oddsmaker backtesting technology is the foundation of the Trade Ideas Artificial Intelligence. Once Holly finds patterns, they are published as Signals in the AI Channel. These stock patterns become either Buy or Short Sell Signals.

After Hours, Holly runs the number crunching. She prepares like a professional fighter by studying the trading tape of all stocks, seeking a statistical advantage. She looks at the history of breakouts and breakdowns, moving average crosses, and earnings reports, examining countless scenarios and outcomes of whether you had bought and sold.

When the bell rings at the open, Holly is ready with strategies in hand. As charts start to set up, Holly gives you the signal to Get Long or Get Short. Trade Ideas subscribers follow the signals using a fully functional Simulated Trading inside Trade Ideas Pro. This way, subscribers identify what is and is not working without risking actual capital.

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Trade Ideas Simulated Trading is identical in terms of software to actual trading via Trade Ideas Brokerage Plus. That means there is virtually nothing new to learn when switching from Trade Ideas simulated to actual trading. This combination of AI and Simulated trading is only available to Trade Ideas Premium subscribers.

Trade Ideas Plans, Costs, Pricing

Trade Ideas Premium is available for $1,999 per year, which equals $167 per month, and Trade Ideas Standard costs $999 per year, which equals $84 per month.

The month-by-month subscription comes with more flexibility in terms of contract duration but higher costs per month. Traders who pay monthly will be charged $228 for Premium and $118 per month for the Standard subscription.